Can I retire at age 72 with 1,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$123,869$122,765$121,689$120,638$119,612$117,825
2 years$61,321$60,179$59,072$57,999$56,958$55,161
3 years$40,475$39,328$38,224$37,161$36,137$34,386
4 years$30,053$28,910$27,817$26,772$25,773$24,083
5 years$23,802$22,666$21,587$20,564$19,592$17,967
6 years$19,636$18,508$17,446$16,445$15,503$13,944
7 years$16,662$15,543$14,497$13,520$12,608$11,117
8 years$14,432$13,323$12,295$11,342$10,459$9,035
9 years$12,698$11,600$10,590$9,661$8,808$7,451
10 years$11,312$10,225$9,232$8,328$7,505$6,213
11 years$10,179$9,103$8,128$7,247$6,455$5,226
12 years$9,236$8,170$7,213$6,357$5,593$4,428
13 years$8,438$7,384$6,445$5,612$4,878$3,773
14 years$7,754$6,711$5,791$4,982$4,276$3,230
15 years$7,163$6,131$5,228$4,443$3,765$2,777
16 years$6,646$5,625$4,740$3,978$3,327$2,394
17 years$6,190$5,181$4,313$3,574$2,950$2,071
18 years$5,785$4,787$3,937$3,221$2,623$1,795
19 years$5,423$4,437$3,605$2,911$2,338$1,559
20 years$5,098$4,123$3,308$2,636$2,088$1,357
21 years$4,804$3,840$3,043$2,393$1,869$1,182
22 years$4,537$3,585$2,804$2,175$1,675$1,032
23 years$4,294$3,353$2,589$1,981$1,504$901
24 years$4,072$3,141$2,395$1,807$1,352$788
25 years$3,867$2,948$2,218$1,650$1,216$690
26 years$3,679$2,770$2,057$1,509$1,096$604
27 years$3,505$2,607$1,910$1,381$988$529
28 years$3,343$2,457$1,776$1,265$891$464
29 years$3,193$2,318$1,652$1,160$805$407
30 years$3,053$2,189$1,539$1,065$727$357
31 years$2,923$2,069$1,435$978$657$314
32 years$2,801$1,958$1,339$899$595$275
33 years$2,686$1,854$1,250$827$538$242
34 years$2,579$1,757$1,168$761$487$213
35 years$2,478$1,667$1,092$700$441$187
36 years$2,382$1,582$1,022$645$400$164
37 years$2,292$1,503$956$594$362$144
38 years$2,207$1,428$895$548$329$127
39 years$2,127$1,358$839$505$298$112
40 years$2,051$1,292$786$466$270$98
41 years$1,978$1,230$737$430$245$86
42 years$1,910$1,171$692$397$222$76
43 years$1,844$1,116$649$366$202$67
44 years$1,782$1,064$609$338$183$59
45 years$1,723$1,014$572$312$166$52
46 years$1,666$968$537$288$151$46
47 years$1,613$923$505$266$137$40
48 years$1,561$882$474$246$125$35
49 years$1,512$842$446$227$113$31
50 years$1,465$804$419$210$103$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,500,000, adding $4,158 every year, while hoping to spend $25,147 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 73/21/6 Blend
71$1,500,000$1,500,000$1,500,000$1,500,000
72$1,657,289$1,577,789$1,554,539$1,776,819
73$1,799,576$1,628,344$1,579,860$1,906,684
74$1,955,534$1,680,534$1,605,186$2,045,286
75$2,126,530$1,734,412$1,630,491$2,196,359
76$2,314,071$1,790,033$1,655,748$2,361,125
77$2,519,816$1,847,455$1,680,925$2,540,929
78$2,745,593$1,906,736$1,705,992$2,737,254
79$2,993,415$1,967,937$1,730,914$2,951,730
80$3,265,500$2,031,122$1,755,656$3,186,152
81$3,564,290$2,096,356$1,780,180$3,442,499
82$3,892,476$2,163,707$1,804,445$3,722,947
83$4,253,024$2,233,243$1,828,408$4,029,894
84$4,649,197$2,305,038$1,852,025$4,365,979
85$5,084,596$2,379,165$1,875,248$4,734,112
86$5,563,181$2,455,701$1,898,026$5,137,494
87$6,089,322$2,534,726$1,920,306$5,579,652
88$6,667,827$2,616,322$1,942,031$6,064,472
89$7,303,998$2,700,575$1,963,142$6,596,232
90$8,003,675$2,787,571$1,983,575$7,179,645
91$8,773,290$2,877,403$2,003,265$7,819,903
92$9,619,933$2,970,163$2,022,142$8,522,726
93$10,551,414$3,065,949$2,040,132$9,294,414
94$11,576,339$3,164,861$2,057,158$10,141,906
95$12,704,190$3,267,004$2,073,137$11,072,849
96$13,945,415$3,372,484$2,087,984$12,095,666
97$15,311,524$3,481,413$2,101,608$13,219,636
98$16,815,202$3,593,905$2,113,915$14,454,983
99$18,470,426$3,710,079$2,124,804$15,812,970
100$20,292,594$3,830,058$2,134,170$17,306,007