Can I retire at age 72 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$127,998$126,857$125,745$124,659$123,599$120,906
2 years$63,365$62,185$61,041$59,932$58,857$56,157
3 years$41,824$40,639$39,498$38,399$37,341$34,719
4 years$31,055$29,874$28,744$27,664$26,632$24,108
5 years$24,596$23,421$22,307$21,249$20,245$17,826
6 years$20,291$19,125$18,027$16,993$16,019$13,708
7 years$17,217$16,061$14,981$13,971$13,028$10,824
8 years$14,913$13,768$12,705$11,720$10,808$8,712
9 years$13,122$11,987$10,943$9,983$9,102$7,111
10 years$11,690$10,566$9,540$8,605$7,755$5,868
11 years$10,519$9,406$8,399$7,489$6,670$4,884
12 years$9,543$8,443$7,454$6,569$5,780$4,092
13 years$8,719$7,630$6,659$5,799$5,040$3,448
14 years$8,013$6,935$5,984$5,148$4,418$2,918
15 years$7,402$6,335$5,402$4,591$3,890$2,479
16 years$6,867$5,813$4,898$4,111$3,438$2,113
17 years$6,396$5,353$4,457$3,694$3,048$1,805
18 years$5,978$4,947$4,069$3,329$2,711$1,545
19 years$5,604$4,584$3,725$3,008$2,416$1,326
20 years$5,268$4,260$3,418$2,724$2,158$1,139
21 years$4,964$3,968$3,144$2,472$1,931$980
22 years$4,689$3,704$2,898$2,248$1,731$844
23 years$4,437$3,464$2,676$2,047$1,554$727
24 years$4,207$3,246$2,475$1,867$1,397$628
25 years$3,996$3,046$2,292$1,705$1,257$542
26 years$3,801$2,863$2,126$1,559$1,132$468
27 years$3,621$2,694$1,974$1,427$1,021$405
28 years$3,455$2,539$1,835$1,308$921$350
29 years$3,300$2,395$1,708$1,199$832$303
30 years$3,155$2,262$1,591$1,100$751$262
31 years$3,020$2,138$1,483$1,011$679$227
32 years$2,894$2,023$1,383$929$615$196
33 years$2,776$1,916$1,292$854$556$170
34 years$2,665$1,816$1,207$786$504$147
35 years$2,560$1,722$1,128$723$456$128
36 years$2,462$1,635$1,056$666$413$111
37 years$2,369$1,553$988$614$374$96
38 years$2,281$1,476$925$566$340$83
39 years$2,198$1,403$867$522$308$72
40 years$2,119$1,335$813$481$279$62
41 years$2,044$1,271$762$444$253$54
42 years$1,973$1,210$715$410$230$47
43 years$1,906$1,153$671$378$209$41
44 years$1,842$1,099$629$349$189$35
45 years$1,780$1,048$591$323$172$31
46 years$1,722$1,000$555$298$156$27
47 years$1,666$954$522$275$142$23
48 years$1,613$911$490$254$129$20
49 years$1,562$870$461$235$117$17
50 years$1,513$831$433$217$106$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,550,000, adding $2,726 every year, while hoping to spend $39,475 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: 37/36/27 Blend
71$1,550,000$1,550,000$1,550,000$1,550,000
72$1,710,912$1,628,762$1,604,737$1,760,305
73$1,843,424$1,666,570$1,616,494$1,834,782
74$1,988,129$1,704,908$1,627,323$1,911,369
75$2,146,229$1,743,760$1,637,149$1,993,334
76$2,319,048$1,783,107$1,645,897$2,081,190
77$2,508,042$1,822,931$1,653,486$2,175,501
78$2,714,816$1,863,208$1,659,832$2,276,889
79$2,941,136$1,903,914$1,664,845$2,386,039
80$3,188,947$1,945,021$1,668,432$2,503,709
81$3,460,391$1,986,498$1,670,496$2,630,732
82$3,757,827$2,028,312$1,670,933$2,768,031
83$4,083,851$2,070,426$1,669,636$2,916,619
84$4,441,327$2,112,799$1,666,491$3,077,616
85$4,833,404$2,155,388$1,661,380$3,252,259
86$5,263,553$2,198,144$1,654,179$3,441,908
87$5,735,597$2,241,015$1,644,755$3,648,067
88$6,253,748$2,283,945$1,632,974$3,872,394
89$6,822,643$2,326,871$1,618,692$4,116,716
90$7,447,392$2,369,727$1,601,758$4,383,050
91$8,133,624$2,412,442$1,582,015$4,673,621
92$8,887,540$2,454,938$1,559,298$4,990,880
93$9,715,970$2,497,131$1,533,436$5,337,535
94$10,626,440$2,538,931$1,504,247$5,716,569
95$11,627,240$2,580,242$1,471,542$6,131,273
96$12,727,504$2,620,959$1,435,125$6,585,278
97$13,937,296$2,660,972$1,394,787$7,082,587
98$15,267,701$2,700,161$1,350,313$7,627,615
99$16,730,934$2,738,396$1,301,477$8,225,230
100$18,340,454$2,775,542$1,248,041$8,880,804