Can I retire at age 72 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$127,172$126,039$124,934$123,855$122,802$121,167
2 years$62,956$61,784$60,647$59,546$58,477$56,832
3 years$41,554$40,376$39,243$38,152$37,100$35,497
4 years$30,855$29,681$28,559$27,486$26,460$24,911
5 years$24,437$23,270$22,163$21,112$20,115$18,624
6 years$20,160$19,002$17,911$16,883$15,916$14,485
7 years$17,106$15,958$14,884$13,881$12,944$11,574
8 years$14,817$13,679$12,623$11,644$10,738$9,429
9 years$13,037$11,910$10,872$9,918$9,043$7,793
10 years$11,614$10,498$9,478$8,550$7,705$6,515
11 years$10,451$9,346$8,345$7,441$6,627$5,494
12 years$9,482$8,388$7,406$6,527$5,743$4,666
13 years$8,663$7,580$6,617$5,762$5,008$3,987
14 years$7,961$6,890$5,945$5,115$4,390$3,422
15 years$7,354$6,295$5,368$4,562$3,865$2,950
16 years$6,823$5,775$4,866$4,084$3,416$2,551
17 years$6,355$5,319$4,428$3,670$3,029$2,212
18 years$5,939$4,915$4,042$3,307$2,693$1,923
19 years$5,568$4,555$3,701$2,988$2,400$1,675
20 years$5,234$4,233$3,396$2,707$2,144$1,462
21 years$4,932$3,943$3,124$2,456$1,919$1,278
22 years$4,658$3,680$2,879$2,233$1,720$1,119
23 years$4,409$3,442$2,658$2,034$1,544$980
24 years$4,180$3,225$2,459$1,855$1,388$860
25 years$3,970$3,026$2,277$1,694$1,249$755
26 years$3,777$2,844$2,112$1,549$1,125$663
27 years$3,598$2,677$1,961$1,418$1,014$583
28 years$3,432$2,522$1,823$1,299$915$513
29 years$3,278$2,380$1,697$1,191$826$451
30 years$3,135$2,247$1,580$1,093$747$397
31 years$3,001$2,124$1,473$1,004$675$350
32 years$2,875$2,010$1,375$923$611$308
33 years$2,758$1,904$1,283$849$553$272
34 years$2,648$1,804$1,199$781$500$240
35 years$2,544$1,711$1,121$719$453$211
36 years$2,446$1,624$1,049$662$411$186
37 years$2,354$1,543$982$610$372$164
38 years$2,266$1,466$919$562$337$145
39 years$2,184$1,394$861$518$306$128
40 years$2,105$1,326$807$478$277$113
41 years$2,031$1,263$757$441$252$100
42 years$1,961$1,202$710$407$228$88
43 years$1,894$1,146$666$376$207$78
44 years$1,830$1,092$625$347$188$69
45 years$1,769$1,041$587$320$171$61
46 years$1,711$993$552$296$155$54
47 years$1,656$948$518$273$141$47
48 years$1,603$905$487$253$128$42
49 years$1,552$864$458$234$116$37
50 years$1,504$826$430$216$106$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,540,000, adding $6,294 every year, while hoping to spend $33,469 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: 86/8/6 Blend
71$1,540,000$1,540,000$1,540,000$1,540,000
72$1,703,572$1,621,952$1,598,082$1,849,113
73$1,841,726$1,665,817$1,616,007$1,988,779
74$1,992,849$1,710,710$1,633,411$2,136,954
75$2,158,230$1,756,645$1,650,241$2,298,696
76$2,339,287$1,803,637$1,666,441$2,475,346
77$2,537,580$1,851,701$1,681,952$2,668,383
78$2,754,829$1,900,851$1,696,714$2,879,434
79$2,992,928$1,951,098$1,710,659$3,110,289
80$3,253,961$2,002,457$1,723,721$3,362,922
81$3,540,226$2,054,939$1,735,827$3,639,506
82$3,854,253$2,108,554$1,746,901$3,942,436
83$4,198,827$2,163,314$1,756,863$4,274,348
84$4,577,018$2,219,227$1,765,628$4,638,147
85$4,992,207$2,276,302$1,773,110$5,037,031
86$5,448,118$2,334,547$1,779,215$5,474,526
87$5,948,853$2,393,966$1,783,846$5,954,513
88$6,498,931$2,454,566$1,786,900$6,481,270
89$7,103,331$2,516,349$1,788,270$7,059,509
90$7,767,538$2,579,316$1,787,843$7,694,421
91$8,497,593$2,643,469$1,785,502$8,391,726
92$9,300,153$2,708,805$1,781,122$9,157,723
93$10,182,552$2,775,320$1,774,573$9,999,355
94$11,152,870$2,843,008$1,765,719$10,924,272
95$12,220,009$2,911,862$1,754,417$11,940,900
96$13,393,777$2,981,870$1,740,517$13,058,524
97$14,684,980$3,053,019$1,723,862$14,287,375
98$16,105,524$3,125,294$1,704,288$15,638,726
99$17,668,528$3,198,674$1,681,622$17,124,997
100$19,388,446$3,273,137$1,655,685$18,759,874