Can I retire at age 72 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$125,520$124,402$123,311$122,247$121,207$119,248
2 years$62,139$60,981$59,860$58,772$57,718$55,749
3 years$41,014$39,852$38,733$37,656$36,618$34,702
4 years$30,454$29,295$28,188$27,129$26,117$24,267
5 years$24,120$22,968$21,875$20,838$19,853$18,076
6 years$19,898$18,755$17,678$16,664$15,709$14,006
7 years$16,884$15,751$14,691$13,700$12,776$11,147
8 years$14,624$13,501$12,459$11,493$10,599$9,045
9 years$12,868$11,755$10,731$9,789$8,926$7,445
10 years$11,463$10,362$9,355$8,439$7,605$6,197
11 years$10,315$9,224$8,236$7,344$6,541$5,203
12 years$9,359$8,279$7,310$6,442$5,668$4,400
13 years$8,550$7,482$6,531$5,687$4,943$3,742
14 years$7,858$6,801$5,868$5,048$4,333$3,197
15 years$7,258$6,213$5,298$4,502$3,815$2,742
16 years$6,734$5,700$4,803$4,031$3,372$2,360
17 years$6,272$5,250$4,371$3,622$2,989$2,037
18 years$5,862$4,851$3,990$3,264$2,658$1,762
19 years$5,495$4,496$3,653$2,950$2,369$1,527
20 years$5,166$4,178$3,352$2,671$2,116$1,326
21 years$4,868$3,891$3,083$2,424$1,894$1,153
22 years$4,598$3,632$2,842$2,204$1,698$1,003
23 years$4,352$3,397$2,624$2,008$1,524$874
24 years$4,126$3,183$2,427$1,831$1,370$763
25 years$3,919$2,987$2,248$1,672$1,232$666
26 years$3,728$2,807$2,084$1,529$1,110$582
27 years$3,551$2,642$1,936$1,399$1,001$509
28 years$3,388$2,490$1,799$1,282$903$445
29 years$3,236$2,349$1,675$1,176$815$389
30 years$3,094$2,218$1,560$1,079$737$341
31 years$2,962$2,097$1,454$991$666$299
32 years$2,838$1,984$1,357$911$603$262
33 years$2,722$1,879$1,267$838$545$229
34 years$2,613$1,781$1,184$771$494$201
35 years$2,511$1,689$1,107$709$447$176
36 years$2,414$1,603$1,035$653$405$154
37 years$2,323$1,523$969$602$367$135
38 years$2,237$1,447$907$555$333$119
39 years$2,155$1,376$850$512$302$104
40 years$2,078$1,309$797$472$274$91
41 years$2,005$1,246$747$435$248$80
42 years$1,935$1,187$701$402$225$70
43 years$1,869$1,131$658$371$205$62
44 years$1,806$1,078$617$342$186$54
45 years$1,746$1,028$580$316$169$48
46 years$1,689$981$544$292$153$42
47 years$1,634$936$511$270$139$37
48 years$1,582$893$481$249$126$32
49 years$1,532$853$452$231$115$28
50 years$1,484$815$425$213$104$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,520,000, adding $3,090 every year, while hoping to spend $20,017 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: 58/28/14 Blend
71$1,520,000$1,520,000$1,520,000$1,520,000
72$1,678,227$1,597,667$1,574,107$1,769,433
73$1,828,109$1,654,655$1,605,542$1,888,417
74$1,992,607$1,713,764$1,637,359$2,015,575
75$2,173,192$1,775,078$1,669,550$2,153,718
76$2,371,483$1,838,682$1,702,105$2,303,905
77$2,589,263$1,904,667$1,735,014$2,467,302
78$2,828,498$1,973,125$1,768,267$2,645,188
79$3,091,350$2,044,154$1,801,850$2,838,976
80$3,380,206$2,117,856$1,835,750$3,050,216
81$3,697,692$2,194,335$1,869,952$3,280,617
82$4,046,701$2,273,702$1,904,440$3,532,059
83$4,430,422$2,356,071$1,939,197$3,806,609
84$4,852,368$2,441,562$1,974,203$4,106,546
85$5,316,409$2,530,298$2,009,438$4,434,378
86$5,826,809$2,622,408$2,044,880$4,792,863
87$6,388,265$2,718,028$2,080,505$5,185,041
88$7,005,954$2,817,298$2,116,288$5,614,259
89$7,685,580$2,920,363$2,152,202$6,084,200
90$8,433,425$3,027,377$2,188,217$6,598,921
91$9,256,414$3,138,498$2,224,301$7,162,890
92$10,162,175$3,253,891$2,260,423$7,781,027
93$11,159,114$3,373,729$2,296,544$8,458,750
94$12,256,494$3,498,192$2,332,629$9,202,026
95$13,464,519$3,627,467$2,368,635$10,017,428
96$14,794,436$3,761,749$2,404,520$10,912,194
97$16,258,636$3,901,241$2,440,238$11,894,298
98$17,870,771$4,046,157$2,475,741$12,972,522
99$19,645,888$4,196,717$2,510,976$14,156,539
100$21,600,564$4,353,151$2,545,889$15,457,005