Can I retire at age 72 with 1,510,000?

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 $1,510,000?

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 years$124,694$123,584$122,500$121,442$120,410$119,401
2 years$61,730$60,580$59,466$58,386$57,338$56,321
3 years$40,744$39,590$38,478$37,408$36,377$35,384
4 years$30,254$29,103$28,002$26,951$25,945$24,983
5 years$23,961$22,817$21,731$20,701$19,723$18,795
6 years$19,767$18,632$17,562$16,554$15,606$14,713
7 years$16,773$15,647$14,594$13,610$12,692$11,835
8 years$14,528$13,412$12,377$11,417$10,529$9,708
9 years$12,783$11,678$10,660$9,725$8,867$8,081
10 years$11,388$10,293$9,294$8,383$7,555$6,804
11 years$10,247$9,164$8,182$7,296$6,498$5,781
12 years$9,297$8,225$7,261$6,399$5,631$4,948
13 years$8,494$7,433$6,488$5,650$4,910$4,260
14 years$7,806$6,756$5,829$5,015$4,304$3,686
15 years$7,211$6,172$5,263$4,473$3,790$3,203
16 years$6,690$5,663$4,772$4,005$3,349$2,793
17 years$6,231$5,215$4,342$3,598$2,970$2,443
18 years$5,823$4,819$3,964$3,243$2,641$2,142
19 years$5,459$4,466$3,629$2,930$2,354$1,882
20 years$5,132$4,150$3,330$2,654$2,102$1,657
21 years$4,836$3,866$3,063$2,408$1,881$1,461
22 years$4,568$3,608$2,823$2,190$1,686$1,291
23 years$4,323$3,375$2,607$1,994$1,514$1,141
24 years$4,099$3,162$2,411$1,819$1,361$1,011
25 years$3,893$2,967$2,233$1,661$1,224$896
26 years$3,703$2,789$2,071$1,519$1,103$794
27 years$3,528$2,625$1,923$1,390$994$705
28 years$3,365$2,473$1,788$1,274$897$626
29 years$3,214$2,333$1,664$1,168$810$556
30 years$3,074$2,204$1,549$1,072$732$495
31 years$2,942$2,083$1,445$985$662$440
32 years$2,819$1,971$1,348$905$599$392
33 years$2,704$1,867$1,258$832$542$349
34 years$2,596$1,769$1,176$766$491$311
35 years$2,494$1,678$1,099$705$444$277
36 years$2,398$1,593$1,028$649$403$246
37 years$2,308$1,513$963$598$365$220
38 years$2,222$1,438$901$551$331$196
39 years$2,141$1,367$844$508$300$175
40 years$2,064$1,301$792$469$272$156
41 years$1,992$1,238$742$433$247$139
42 years$1,922$1,179$696$399$224$124
43 years$1,857$1,123$653$368$203$110
44 years$1,794$1,071$613$340$184$99
45 years$1,734$1,021$576$314$167$88
46 years$1,678$974$541$290$152$78
47 years$1,623$930$508$268$138$70
48 years$1,571$887$477$248$125$62
49 years$1,522$847$449$229$114$56
50 years$1,474$809$422$212$103$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,510,000, adding $5,810 every year, while hoping to spend $25,742 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: 45/32/23 Blend
71$1,510,000$1,510,000$1,510,000$1,510,000
72$1,670,013$1,589,983$1,566,578$1,733,853
73$1,812,965$1,640,503$1,591,669$1,829,979
74$1,969,635$1,692,635$1,616,738$1,931,190
75$2,141,396$1,746,433$1,641,757$2,040,434
76$2,329,759$1,801,948$1,666,696$2,158,470
77$2,536,387$1,859,236$1,691,523$2,286,135
78$2,763,115$1,918,355$1,716,205$2,424,349
79$3,011,962$1,979,364$1,740,707$2,574,125
80$3,285,152$2,042,322$1,764,991$2,736,578
81$3,585,135$2,107,294$1,789,016$2,912,935
82$3,914,611$2,174,343$1,812,740$3,104,545
83$4,276,553$2,243,538$1,836,118$3,312,895
84$4,674,236$2,314,946$1,859,103$3,539,622
85$5,111,270$2,388,640$1,881,645$3,786,527
86$5,591,629$2,464,693$1,903,689$4,055,593
87$6,119,693$2,543,182$1,925,181$4,349,006
88$6,700,289$2,624,184$1,946,062$4,669,170
89$7,338,731$2,707,782$1,966,268$5,018,734
90$8,040,878$2,794,059$1,985,733$5,400,615
91$8,813,181$2,883,102$2,004,389$5,818,026
92$9,662,752$2,975,000$2,022,163$6,274,506
93$10,597,423$3,069,846$2,038,976$6,773,952
94$11,625,827$3,167,735$2,054,749$7,320,657
95$12,757,474$3,268,766$2,069,395$7,919,351
96$14,002,841$3,373,041$2,082,824$8,575,242
97$15,373,475$3,480,664$2,094,943$9,294,069
98$16,882,098$3,591,745$2,105,652$10,082,154
99$18,542,726$3,706,395$2,114,846$10,946,460
100$20,370,807$3,824,731$2,122,416$11,894,662