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

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$127,998$126,857$125,745$124,659$123,599$118,789
2 years$63,365$62,185$61,041$59,932$58,857$54,069
3 years$41,824$40,639$39,498$38,399$37,341$32,726
4 years$31,055$29,874$28,744$27,664$26,632$22,225
5 years$24,596$23,421$22,307$21,249$20,245$16,057
6 years$20,291$19,125$18,027$16,993$16,019$12,053
7 years$17,217$16,061$14,981$13,971$13,028$9,283
8 years$14,913$13,768$12,705$11,720$10,808$7,280
9 years$13,122$11,987$10,943$9,983$9,102$5,786
10 years$11,690$10,566$9,540$8,605$7,755$4,644
11 years$10,519$9,406$8,399$7,489$6,670$3,757
12 years$9,543$8,443$7,454$6,569$5,780$3,058
13 years$8,719$7,630$6,659$5,799$5,040$2,501
14 years$8,013$6,935$5,984$5,148$4,418$2,053
15 years$7,402$6,335$5,402$4,591$3,890$1,691
16 years$6,867$5,813$4,898$4,111$3,438$1,396
17 years$6,396$5,353$4,457$3,694$3,048$1,155
18 years$5,978$4,947$4,069$3,329$2,711$957
19 years$5,604$4,584$3,725$3,008$2,416$794
20 years$5,268$4,260$3,418$2,724$2,158$660
21 years$4,964$3,968$3,144$2,472$1,931$549
22 years$4,689$3,704$2,898$2,248$1,731$457
23 years$4,437$3,464$2,676$2,047$1,554$380
24 years$4,207$3,246$2,475$1,867$1,397$317
25 years$3,996$3,046$2,292$1,705$1,257$264
26 years$3,801$2,863$2,126$1,559$1,132$220
27 years$3,621$2,694$1,974$1,427$1,021$184
28 years$3,455$2,539$1,835$1,308$921$153
29 years$3,300$2,395$1,708$1,199$832$128
30 years$3,155$2,262$1,591$1,100$751$107
31 years$3,020$2,138$1,483$1,011$679$89
32 years$2,894$2,023$1,383$929$615$74
33 years$2,776$1,916$1,292$854$556$62
34 years$2,665$1,816$1,207$786$504$52
35 years$2,560$1,722$1,128$723$456$43
36 years$2,462$1,635$1,056$666$413$36
37 years$2,369$1,553$988$614$374$30
38 years$2,281$1,476$925$566$340$25
39 years$2,198$1,403$867$522$308$21
40 years$2,119$1,335$813$481$279$18
41 years$2,044$1,271$762$444$253$15
42 years$1,973$1,210$715$410$230$12
43 years$1,906$1,153$671$378$209$10
44 years$1,842$1,099$629$349$189$9
45 years$1,780$1,048$591$323$172$7
46 years$1,722$1,000$555$298$156$6
47 years$1,666$954$522$275$142$5
48 years$1,613$911$490$254$129$4
49 years$1,562$870$461$235$117$3
50 years$1,513$831$433$217$106$3

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 $2,047 every year, while hoping to spend $32,275 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: 65/30/5 Blend
71$1,550,000$1,550,000$1,550,000$1,550,000
72$1,710,211$1,628,061$1,604,036$1,820,089
73$1,850,313$1,673,496$1,623,431$1,938,758
74$2,003,623$1,720,075$1,642,394$2,064,302
75$2,171,454$1,767,821$1,660,877$2,200,593
76$2,355,254$1,816,756$1,678,827$2,348,671
77$2,556,614$1,866,901$1,696,192$2,509,681
78$2,777,288$1,918,278$1,712,914$2,684,883
79$3,019,207$1,970,910$1,728,932$2,875,666
80$3,284,499$2,024,818$1,744,185$3,083,555
81$3,575,508$2,080,023$1,758,604$3,310,234
82$3,894,812$2,136,547$1,772,121$3,557,553
83$4,245,256$2,194,411$1,784,660$3,827,552
84$4,629,970$2,253,635$1,796,144$4,122,476
85$5,052,404$2,314,240$1,806,491$4,444,797
86$5,516,356$2,376,244$1,815,615$4,797,240
87$6,026,012$2,439,668$1,823,426$5,182,804
88$6,585,983$2,504,530$1,829,829$5,604,793
89$7,201,349$2,570,848$1,834,724$6,066,845
90$7,877,706$2,638,638$1,838,006$6,572,969
91$8,621,218$2,707,918$1,839,566$7,127,581
92$9,438,678$2,778,701$1,839,287$7,735,546
93$10,337,569$2,851,004$1,837,049$8,402,220
94$11,326,135$2,924,837$1,832,724$9,133,509
95$12,413,461$3,000,214$1,826,180$9,935,914
96$13,609,553$3,077,144$1,817,277$10,816,602
97$14,925,440$3,155,636$1,805,868$11,783,466
98$16,373,270$3,235,697$1,791,799$12,845,203
99$17,966,429$3,317,332$1,774,911$14,011,395
100$19,719,668$3,400,545$1,755,033$15,292,600