Can I retire at age 72 with 1,530,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$126,346$125,221$124,123$123,051$122,004$121,439
2 years$62,548$61,383$60,254$59,159$58,097$57,527
3 years$41,284$40,114$38,988$37,904$36,859$36,301
4 years$30,655$29,488$28,373$27,308$26,288$25,747
5 years$24,278$23,119$22,019$20,975$19,984$19,461
6 years$20,029$18,878$17,795$16,774$15,813$15,308
7 years$16,995$15,854$14,787$13,791$12,860$12,375
8 years$14,721$13,590$12,541$11,569$10,669$10,203
9 years$12,952$11,832$10,801$9,854$8,984$8,538
10 years$11,539$10,430$9,417$8,494$7,655$7,227
11 years$10,383$9,285$8,291$7,392$6,584$6,175
12 years$9,420$8,334$7,358$6,484$5,705$5,314
13 years$8,606$7,531$6,574$5,725$4,975$4,602
14 years$7,910$6,846$5,906$5,082$4,361$4,006
15 years$7,306$6,254$5,333$4,532$3,840$3,502
16 years$6,778$5,738$4,835$4,058$3,394$3,072
17 years$6,313$5,284$4,399$3,646$3,009$2,704
18 years$5,901$4,883$4,016$3,286$2,676$2,386
19 years$5,532$4,525$3,677$2,969$2,385$2,110
20 years$5,200$4,205$3,374$2,689$2,130$1,870
21 years$4,900$3,917$3,104$2,440$1,906$1,660
22 years$4,628$3,656$2,860$2,219$1,709$1,476
23 years$4,380$3,420$2,641$2,021$1,534$1,314
24 years$4,153$3,204$2,443$1,843$1,379$1,171
25 years$3,945$3,007$2,262$1,683$1,241$1,045
26 years$3,752$2,826$2,098$1,539$1,117$934
27 years$3,575$2,660$1,948$1,409$1,007$835
28 years$3,410$2,506$1,811$1,291$909$747
29 years$3,257$2,364$1,686$1,184$821$668
30 years$3,114$2,233$1,570$1,086$742$599
31 years$2,981$2,111$1,464$998$671$536
32 years$2,857$1,997$1,366$917$607$481
33 years$2,740$1,891$1,275$843$549$431
34 years$2,630$1,793$1,191$776$497$387
35 years$2,527$1,700$1,114$714$450$347
36 years$2,430$1,614$1,042$658$408$312
37 years$2,338$1,533$975$606$370$280
38 years$2,252$1,457$913$559$335$252
39 years$2,170$1,385$856$515$304$226
40 years$2,092$1,318$802$475$276$203
41 years$2,018$1,254$752$438$250$182
42 years$1,948$1,195$705$404$227$164
43 years$1,881$1,138$662$373$206$147
44 years$1,818$1,085$621$345$187$133
45 years$1,757$1,035$583$318$170$119
46 years$1,700$987$548$294$154$107
47 years$1,645$942$515$272$140$96
48 years$1,592$899$484$251$127$87
49 years$1,542$859$455$232$115$78
50 years$1,494$820$428$214$105$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,530,000, adding $2,932 every year, while hoping to spend $41,982 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: 55/40/5 Blend
71$1,530,000$1,530,000$1,530,000$1,530,000
72$1,689,084$1,607,994$1,584,279$1,780,102
73$1,816,702$1,642,118$1,592,684$1,875,894
74$1,955,931$1,676,506$1,599,964$1,975,195
75$2,107,908$1,711,128$1,606,035$2,082,262
76$2,273,891$1,745,949$1,610,813$2,197,837
77$2,455,260$1,780,932$1,614,207$2,322,739
78$2,653,535$1,816,036$1,616,122$2,457,865
79$2,870,391$1,851,218$1,616,458$2,604,209
80$3,107,672$1,886,428$1,615,110$2,762,860
81$3,367,407$1,921,616$1,611,969$2,935,024
82$3,651,832$1,956,725$1,606,919$3,122,024
83$3,963,408$1,991,693$1,599,840$3,325,321
84$4,304,846$2,026,457$1,590,606$3,546,525
85$4,679,132$2,060,945$1,579,082$3,787,408
86$5,089,553$2,095,081$1,565,131$4,049,925
87$5,539,732$2,128,784$1,548,608$4,336,229
88$6,033,657$2,161,967$1,529,358$4,648,694
89$6,575,721$2,194,535$1,507,223$4,989,934
90$7,170,765$2,226,387$1,482,036$5,362,833
91$7,824,120$2,257,417$1,453,620$5,770,567
92$8,541,658$2,287,508$1,421,794$6,216,639
93$9,329,848$2,316,537$1,386,365$6,704,907
94$10,195,817$2,344,372$1,347,133$7,239,625
95$11,147,417$2,370,872$1,303,888$7,825,483
96$12,193,295$2,395,887$1,256,411$8,467,649
97$13,342,982$2,419,256$1,204,471$9,171,818
98$14,606,975$2,440,808$1,147,830$9,944,270
99$15,996,840$2,460,361$1,086,235$10,791,925
100$17,525,320$2,477,721$1,019,426$11,722,412