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

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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%12.1%
1 years$123,869$122,765$121,689$120,638$119,612$118,560
2 years$61,321$60,179$59,072$57,999$56,958$55,898
3 years$40,475$39,328$38,224$37,161$36,137$35,102
4 years$30,053$28,910$27,817$26,772$25,773$24,771
5 years$23,802$22,666$21,587$20,564$19,592$18,626
6 years$19,636$18,508$17,446$16,445$15,503$14,573
7 years$16,662$15,543$14,497$13,520$12,608$11,715
8 years$14,432$13,323$12,295$11,342$10,459$9,604
9 years$12,698$11,600$10,590$9,661$8,808$7,990
10 years$11,312$10,225$9,232$8,328$7,505$6,723
11 years$10,179$9,103$8,128$7,247$6,455$5,709
12 years$9,236$8,170$7,213$6,357$5,593$4,883
13 years$8,438$7,384$6,445$5,612$4,878$4,202
14 years$7,754$6,711$5,791$4,982$4,276$3,633
15 years$7,163$6,131$5,228$4,443$3,765$3,155
16 years$6,646$5,625$4,740$3,978$3,327$2,749
17 years$6,190$5,181$4,313$3,574$2,950$2,403
18 years$5,785$4,787$3,937$3,221$2,623$2,105
19 years$5,423$4,437$3,605$2,911$2,338$1,849
20 years$5,098$4,123$3,308$2,636$2,088$1,627
21 years$4,804$3,840$3,043$2,393$1,869$1,433
22 years$4,537$3,585$2,804$2,175$1,675$1,265
23 years$4,294$3,353$2,589$1,981$1,504$1,118
24 years$4,072$3,141$2,395$1,807$1,352$989
25 years$3,867$2,948$2,218$1,650$1,216$876
26 years$3,679$2,770$2,057$1,509$1,096$776
27 years$3,505$2,607$1,910$1,381$988$688
28 years$3,343$2,457$1,776$1,265$891$611
29 years$3,193$2,318$1,652$1,160$805$542
30 years$3,053$2,189$1,539$1,065$727$482
31 years$2,923$2,069$1,435$978$657$428
32 years$2,801$1,958$1,339$899$595$381
33 years$2,686$1,854$1,250$827$538$339
34 years$2,579$1,757$1,168$761$487$301
35 years$2,478$1,667$1,092$700$441$268
36 years$2,382$1,582$1,022$645$400$239
37 years$2,292$1,503$956$594$362$213
38 years$2,207$1,428$895$548$329$189
39 years$2,127$1,358$839$505$298$169
40 years$2,051$1,292$786$466$270$150
41 years$1,978$1,230$737$430$245$134
42 years$1,910$1,171$692$397$222$119
43 years$1,844$1,116$649$366$202$106
44 years$1,782$1,064$609$338$183$95
45 years$1,723$1,014$572$312$166$85
46 years$1,666$968$537$288$151$75
47 years$1,613$923$505$266$137$67
48 years$1,561$882$474$246$125$60
49 years$1,512$842$446$227$113$53
50 years$1,465$804$419$210$103$48

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 $2,692 every year, while hoping to spend $42,458 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: 44/45/11 Blend
71$1,500,000$1,500,000$1,500,000$1,500,000
72$1,655,777$1,576,277$1,553,027$1,723,294
73$1,779,491$1,608,339$1,559,878$1,802,581
74$1,914,401$1,640,550$1,565,536$1,883,945
75$2,061,604$1,672,871$1,569,916$1,971,180
76$2,222,308$1,705,262$1,572,928$2,064,841
77$2,397,842$1,737,678$1,574,479$2,165,542
78$2,589,669$1,770,072$1,574,472$2,273,960
79$2,799,401$1,802,391$1,572,802$2,390,839
80$3,028,811$1,834,580$1,569,363$2,517,000
81$3,279,854$1,866,578$1,564,040$2,653,350
82$3,554,678$1,898,320$1,556,715$2,800,887
83$3,855,654$1,929,736$1,547,264$2,960,712
84$4,185,389$1,960,751$1,535,555$3,134,041
85$4,546,756$1,991,285$1,521,453$3,322,212
86$4,942,917$2,021,250$1,504,814$3,526,701
87$5,377,357$2,050,553$1,485,487$3,749,138
88$5,853,913$2,079,096$1,463,317$3,991,319
89$6,376,811$2,106,771$1,438,138$4,255,224
90$6,950,708$2,133,466$1,409,778$4,543,037
91$7,580,732$2,159,057$1,378,057$4,857,167
92$8,272,531$2,183,415$1,342,786$5,200,271
93$9,032,329$2,206,402$1,303,769$5,575,278
94$9,866,980$2,227,869$1,260,798$5,985,419
95$10,784,036$2,247,658$1,213,659$6,434,256
96$11,791,816$2,265,602$1,162,125$6,925,720
97$12,899,486$2,281,521$1,105,961$7,464,141
98$14,117,142$2,295,225$1,044,920$8,054,299
99$15,455,910$2,306,510$978,744$8,701,463
100$16,928,045$2,315,161$907,164$9,411,443