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%17%
1 years$124,694$123,584$122,500$121,442$120,410$116,977
2 years$61,730$60,580$59,466$58,386$57,338$53,907
3 years$40,744$39,590$38,478$37,408$36,377$33,055
4 years$30,254$29,103$28,002$26,951$25,945$22,756
5 years$23,961$22,817$21,731$20,701$19,723$16,677
6 years$19,767$18,632$17,562$16,554$15,606$12,705
7 years$16,773$15,647$14,594$13,610$12,692$9,937
8 years$14,528$13,412$12,377$11,417$10,529$7,918
9 years$12,783$11,678$10,660$9,725$8,867$6,398
10 years$11,388$10,293$9,294$8,383$7,555$5,224
11 years$10,247$9,164$8,182$7,296$6,498$4,301
12 years$9,297$8,225$7,261$6,399$5,631$3,564
13 years$8,494$7,433$6,488$5,650$4,910$2,969
14 years$7,806$6,756$5,829$5,015$4,304$2,483
15 years$7,211$6,172$5,263$4,473$3,790$2,085
16 years$6,690$5,663$4,772$4,005$3,349$1,755
17 years$6,231$5,215$4,342$3,598$2,970$1,481
18 years$5,823$4,819$3,964$3,243$2,641$1,252
19 years$5,459$4,466$3,629$2,930$2,354$1,061
20 years$5,132$4,150$3,330$2,654$2,102$900
21 years$4,836$3,866$3,063$2,408$1,881$764
22 years$4,568$3,608$2,823$2,190$1,686$649
23 years$4,323$3,375$2,607$1,994$1,514$552
24 years$4,099$3,162$2,411$1,819$1,361$470
25 years$3,893$2,967$2,233$1,661$1,224$400
26 years$3,703$2,789$2,071$1,519$1,103$341
27 years$3,528$2,625$1,923$1,390$994$291
28 years$3,365$2,473$1,788$1,274$897$248
29 years$3,214$2,333$1,664$1,168$810$212
30 years$3,074$2,204$1,549$1,072$732$181
31 years$2,942$2,083$1,445$985$662$154
32 years$2,819$1,971$1,348$905$599$132
33 years$2,704$1,867$1,258$832$542$112
34 years$2,596$1,769$1,176$766$491$96
35 years$2,494$1,678$1,099$705$444$82
36 years$2,398$1,593$1,028$649$403$70
37 years$2,308$1,513$963$598$365$60
38 years$2,222$1,438$901$551$331$51
39 years$2,141$1,367$844$508$300$44
40 years$2,064$1,301$792$469$272$37
41 years$1,992$1,238$742$433$247$32
42 years$1,922$1,179$696$399$224$27
43 years$1,857$1,123$653$368$203$23
44 years$1,794$1,071$613$340$184$20
45 years$1,734$1,021$576$314$167$17
46 years$1,678$974$541$290$152$15
47 years$1,623$930$508$268$138$12
48 years$1,571$887$477$248$125$11
49 years$1,522$847$449$229$114$9
50 years$1,474$809$422$212$103$8

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 $2,511 every year, while hoping to spend $40,291 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: 73/11/16 Blend
71$1,510,000$1,510,000$1,510,000$1,510,000
72$1,666,610$1,586,580$1,563,175$1,782,063
73$1,793,735$1,621,453$1,572,672$1,893,798
74$1,932,476$1,656,685$1,581,137$2,010,989
75$2,083,976$1,692,250$1,588,492$2,138,304
76$2,249,492$1,728,120$1,594,658$2,276,736
77$2,430,409$1,764,267$1,599,547$2,427,382
78$2,628,251$1,800,656$1,603,072$2,591,450
79$2,844,695$1,837,251$1,605,137$2,770,269
80$3,081,590$1,874,012$1,605,646$2,965,307
81$3,340,971$1,910,898$1,604,494$3,178,177
82$3,625,078$1,947,859$1,601,572$3,410,659
83$3,936,379$1,984,847$1,596,767$3,664,713
84$4,277,591$2,021,806$1,589,960$3,942,501
85$4,651,707$2,058,676$1,581,026$4,246,401
86$5,062,023$2,095,394$1,569,833$4,579,037
87$5,512,172$2,131,890$1,556,244$4,943,300
88$6,006,150$2,168,090$1,540,115$5,342,374
89$6,548,364$2,203,913$1,521,296$5,779,768
90$7,143,666$2,239,273$1,499,628$6,259,351
91$7,797,401$2,274,079$1,474,946$6,785,384
92$8,515,457$2,308,230$1,447,078$7,362,565
93$9,304,320$2,341,619$1,415,842$7,996,069
94$10,171,136$2,374,134$1,381,048$8,691,600
95$11,123,778$2,405,653$1,342,499$9,455,445
96$12,170,917$2,436,044$1,299,986$10,294,531
97$13,322,109$2,465,168$1,253,294$11,216,493
98$14,587,879$2,492,876$1,202,195$12,229,745
99$15,979,826$2,519,011$1,146,452$13,343,559
100$17,510,727$2,543,401$1,085,817$14,568,153