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%12.7%
1 years$125,520$124,402$123,311$122,247$121,207$119,841
2 years$62,139$60,981$59,860$58,772$57,718$56,343
3 years$41,014$39,852$38,733$37,656$36,618$35,277
4 years$30,454$29,295$28,188$27,129$26,117$24,819
5 years$24,120$22,968$21,875$20,838$19,853$18,604
6 years$19,898$18,755$17,678$16,664$15,709$14,509
7 years$16,884$15,751$14,691$13,700$12,776$11,625
8 years$14,624$13,501$12,459$11,493$10,599$9,498
9 years$12,868$11,755$10,731$9,789$8,926$7,874
10 years$11,463$10,362$9,355$8,439$7,605$6,602
11 years$10,315$9,224$8,236$7,344$6,541$5,585
12 years$9,359$8,279$7,310$6,442$5,668$4,759
13 years$8,550$7,482$6,531$5,687$4,943$4,079
14 years$7,858$6,801$5,868$5,048$4,333$3,513
15 years$7,258$6,213$5,298$4,502$3,815$3,038
16 years$6,734$5,700$4,803$4,031$3,372$2,636
17 years$6,272$5,250$4,371$3,622$2,989$2,294
18 years$5,862$4,851$3,990$3,264$2,658$2,002
19 years$5,495$4,496$3,653$2,950$2,369$1,750
20 years$5,166$4,178$3,352$2,671$2,116$1,533
21 years$4,868$3,891$3,083$2,424$1,894$1,345
22 years$4,598$3,632$2,842$2,204$1,698$1,182
23 years$4,352$3,397$2,624$2,008$1,524$1,040
24 years$4,126$3,183$2,427$1,831$1,370$915
25 years$3,919$2,987$2,248$1,672$1,232$807
26 years$3,728$2,807$2,084$1,529$1,110$712
27 years$3,551$2,642$1,936$1,399$1,001$628
28 years$3,388$2,490$1,799$1,282$903$555
29 years$3,236$2,349$1,675$1,176$815$490
30 years$3,094$2,218$1,560$1,079$737$433
31 years$2,962$2,097$1,454$991$666$383
32 years$2,838$1,984$1,357$911$603$339
33 years$2,722$1,879$1,267$838$545$300
34 years$2,613$1,781$1,184$771$494$266
35 years$2,511$1,689$1,107$709$447$235
36 years$2,414$1,603$1,035$653$405$208
37 years$2,323$1,523$969$602$367$185
38 years$2,237$1,447$907$555$333$164
39 years$2,155$1,376$850$512$302$145
40 years$2,078$1,309$797$472$274$129
41 years$2,005$1,246$747$435$248$114
42 years$1,935$1,187$701$402$225$101
43 years$1,869$1,131$658$371$205$90
44 years$1,806$1,078$617$342$186$79
45 years$1,746$1,028$580$316$169$70
46 years$1,689$981$544$292$153$62
47 years$1,634$936$511$270$139$55
48 years$1,582$893$481$249$126$49
49 years$1,532$853$452$231$115$44
50 years$1,484$815$425$213$104$39

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 $4,741 every year, while hoping to spend $38,707 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: 68/19/13 Blend
71$1,520,000$1,520,000$1,520,000$1,520,000
72$1,679,930$1,599,370$1,575,810$1,788,955
73$1,810,099$1,636,556$1,587,416$1,899,294
74$1,952,248$1,674,266$1,598,113$2,014,876
75$2,107,558$1,712,485$1,607,831$2,140,293
76$2,277,329$1,751,197$1,616,493$2,276,507
77$2,462,993$1,790,382$1,624,022$2,424,576
78$2,666,127$1,830,019$1,630,335$2,585,666
79$2,888,464$1,870,083$1,635,344$2,761,061
80$3,131,918$1,910,547$1,638,958$2,952,176
81$3,398,592$1,951,383$1,641,082$3,160,569
82$3,690,805$1,992,556$1,641,614$3,387,957
83$4,011,107$2,034,032$1,640,449$3,636,232
84$4,362,312$2,075,772$1,637,476$3,907,477
85$4,747,515$2,117,732$1,632,579$4,203,989
86$5,170,127$2,159,865$1,625,635$4,528,298
87$5,633,903$2,202,122$1,616,517$4,883,192
88$6,142,982$2,244,447$1,605,091$5,271,742
89$6,701,921$2,286,780$1,591,217$5,697,334
90$7,315,741$2,329,056$1,574,747$6,163,696
91$7,989,973$2,371,206$1,555,527$6,674,940
92$8,730,709$2,413,154$1,533,396$7,235,594
93$9,544,662$2,454,819$1,508,185$7,850,648
94$10,439,226$2,496,114$1,479,718$8,525,605
95$11,422,547$2,536,943$1,447,808$9,266,523
96$12,503,600$2,577,207$1,412,263$10,080,084
97$13,692,273$2,616,796$1,372,880$10,973,647
98$14,999,460$2,655,594$1,329,446$11,955,324
99$16,437,164$2,693,476$1,281,741$13,034,056
100$18,018,607$2,730,309$1,229,532$14,219,694