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%12.5%
1 years$124,694$123,584$122,500$121,442$120,410$119,152
2 years$61,730$60,580$59,466$58,386$57,338$56,072
3 years$40,744$39,590$38,478$37,408$36,377$35,142
4 years$30,254$29,103$28,002$26,951$25,945$24,749
5 years$23,961$22,817$21,731$20,701$19,723$18,570
6 years$19,767$18,632$17,562$16,554$15,606$14,498
7 years$16,773$15,647$14,594$13,610$12,692$11,630
8 years$14,528$13,412$12,377$11,417$10,529$9,512
9 years$12,783$11,678$10,660$9,725$8,867$7,895
10 years$11,388$10,293$9,294$8,383$7,555$6,627
11 years$10,247$9,164$8,182$7,296$6,498$5,614
12 years$9,297$8,225$7,261$6,399$5,631$4,789
13 years$8,494$7,433$6,488$5,650$4,910$4,110
14 years$7,806$6,756$5,829$5,015$4,304$3,545
15 years$7,211$6,172$5,263$4,473$3,790$3,070
16 years$6,690$5,663$4,772$4,005$3,349$2,668
17 years$6,231$5,215$4,342$3,598$2,970$2,325
18 years$5,823$4,819$3,964$3,243$2,641$2,031
19 years$5,459$4,466$3,629$2,930$2,354$1,779
20 years$5,132$4,150$3,330$2,654$2,102$1,560
21 years$4,836$3,866$3,063$2,408$1,881$1,371
22 years$4,568$3,608$2,823$2,190$1,686$1,206
23 years$4,323$3,375$2,607$1,994$1,514$1,063
24 years$4,099$3,162$2,411$1,819$1,361$937
25 years$3,893$2,967$2,233$1,661$1,224$827
26 years$3,703$2,789$2,071$1,519$1,103$731
27 years$3,528$2,625$1,923$1,390$994$646
28 years$3,365$2,473$1,788$1,274$897$572
29 years$3,214$2,333$1,664$1,168$810$506
30 years$3,074$2,204$1,549$1,072$732$448
31 years$2,942$2,083$1,445$985$662$397
32 years$2,819$1,971$1,348$905$599$352
33 years$2,704$1,867$1,258$832$542$312
34 years$2,596$1,769$1,176$766$491$277
35 years$2,494$1,678$1,099$705$444$245
36 years$2,398$1,593$1,028$649$403$218
37 years$2,308$1,513$963$598$365$193
38 years$2,222$1,438$901$551$331$171
39 years$2,141$1,367$844$508$300$152
40 years$2,064$1,301$792$469$272$135
41 years$1,992$1,238$742$433$247$120
42 years$1,922$1,179$696$399$224$107
43 years$1,857$1,123$653$368$203$95
44 years$1,794$1,071$613$340$184$84
45 years$1,734$1,021$576$314$167$75
46 years$1,678$974$541$290$152$66
47 years$1,623$930$508$268$138$59
48 years$1,571$887$477$248$125$52
49 years$1,522$847$449$229$114$47
50 years$1,474$809$422$212$103$41

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 $2,443 every year, while hoping to spend $45,995 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: 83/8/9 Blend
71$1,510,000$1,510,000$1,510,000$1,510,000
72$1,666,540$1,586,510$1,563,105$1,802,619
73$1,787,589$1,615,311$1,566,531$1,920,786
74$1,919,443$1,643,981$1,568,530$2,044,121
75$2,063,156$1,672,466$1,569,005$2,178,150
76$2,219,888$1,700,707$1,567,857$2,323,920
77$2,390,914$1,728,639$1,564,978$2,482,582
78$2,577,640$1,756,195$1,560,257$2,655,406
79$2,781,612$1,783,301$1,553,579$2,843,789
80$3,004,532$1,809,879$1,544,819$3,049,271
81$3,248,275$1,835,844$1,533,851$3,273,547
82$3,514,904$1,861,105$1,520,540$3,518,485
83$3,806,691$1,885,566$1,504,745$3,786,141
84$4,126,138$1,909,123$1,486,319$4,078,782
85$4,476,001$1,931,667$1,465,107$4,398,905
86$4,859,313$1,953,078$1,440,948$4,749,260
87$5,279,416$1,973,232$1,413,672$5,132,876
88$5,739,989$1,991,993$1,383,103$5,553,094
89$6,245,086$2,009,219$1,349,056$6,013,589
90$6,799,172$2,024,757$1,311,336$6,518,416
91$7,407,162$2,038,445$1,269,740$7,072,039
92$8,074,473$2,050,109$1,224,057$7,679,378
93$8,807,070$2,059,566$1,174,064$8,345,854
94$9,611,527$2,066,620$1,119,530$9,077,441
95$10,495,081$2,071,063$1,060,213$9,880,718
96$11,465,708$2,072,674$995,859$10,762,941
97$12,532,193$2,071,217$926,203$11,732,098
98$13,704,214$2,066,445$850,968$12,796,998
99$14,992,434$2,058,091$769,866$13,967,343
100$16,408,600$2,045,875$682,594$15,253,827