Can I retire at age 72 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$128,823$127,676$126,556$125,464$124,397$123,613
2 years$63,774$62,586$61,435$60,319$59,236$58,446
3 years$42,094$40,901$39,753$38,647$37,582$36,809
4 years$31,256$30,066$28,930$27,843$26,804$26,054
5 years$24,754$23,572$22,451$21,386$20,376$19,652
6 years$20,422$19,249$18,143$17,103$16,123$15,426
7 years$17,328$16,165$15,077$14,061$13,112$12,442
8 years$15,009$13,856$12,787$11,795$10,878$10,235
9 years$13,206$12,064$11,013$10,047$9,161$8,545
10 years$11,765$10,634$9,602$8,661$7,805$7,216
11 years$10,586$9,467$8,453$7,537$6,713$6,150
12 years$9,605$8,497$7,502$6,611$5,817$5,280
13 years$8,775$7,679$6,702$5,837$5,073$4,561
14 years$8,065$6,980$6,022$5,181$4,447$3,959
15 years$7,449$6,376$5,437$4,621$3,915$3,452
16 years$6,911$5,850$4,930$4,137$3,460$3,020
17 years$6,437$5,388$4,486$3,717$3,068$2,651
18 years$6,016$4,979$4,095$3,350$2,728$2,332
19 years$5,640$4,614$3,749$3,027$2,432$2,057
20 years$5,302$4,288$3,440$2,742$2,172$1,818
21 years$4,996$3,994$3,164$2,488$1,944$1,609
22 years$4,719$3,728$2,917$2,262$1,742$1,426
23 years$4,466$3,487$2,693$2,060$1,564$1,266
24 years$4,235$3,267$2,491$1,879$1,406$1,125
25 years$4,022$3,066$2,307$1,716$1,265$1,001
26 years$3,826$2,881$2,139$1,569$1,139$891
27 years$3,645$2,712$1,987$1,436$1,027$794
28 years$3,477$2,555$1,847$1,316$927$708
29 years$3,321$2,411$1,719$1,207$837$632
30 years$3,175$2,276$1,601$1,108$756$564
31 years$3,040$2,152$1,492$1,017$684$504
32 years$2,913$2,036$1,392$935$618$450
33 years$2,794$1,928$1,300$860$560$403
34 years$2,682$1,828$1,215$791$507$360
35 years$2,577$1,733$1,136$728$459$322
36 years$2,478$1,645$1,062$671$416$288
37 years$2,384$1,563$994$618$377$258
38 years$2,296$1,485$931$569$342$231
39 years$2,212$1,412$872$525$310$207
40 years$2,133$1,344$818$484$281$185
41 years$2,058$1,279$767$447$255$166
42 years$1,986$1,218$719$412$231$149
43 years$1,918$1,161$675$381$210$133
44 years$1,854$1,106$634$351$191$119
45 years$1,792$1,055$595$325$173$107
46 years$1,733$1,006$559$300$157$96
47 years$1,677$960$525$277$143$86
48 years$1,623$917$493$256$130$77
49 years$1,572$875$464$237$118$69
50 years$1,523$836$436$219$107$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,560,000, adding $4,024 every year, while hoping to spend $47,009 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: 76/18/6 Blend
71$1,560,000$1,560,000$1,560,000$1,560,000
72$1,723,271$1,640,591$1,616,411$1,852,917
73$1,849,027$1,670,962$1,620,543$1,969,017
74$1,986,035$1,701,247$1,623,239$2,089,789
75$2,135,393$1,731,390$1,624,399$2,220,786
76$2,298,309$1,761,334$1,623,922$2,363,004
77$2,476,113$1,791,016$1,621,700$2,517,538
78$2,670,269$1,820,368$1,617,620$2,685,595
79$2,882,390$1,849,320$1,611,564$2,868,503
80$3,114,249$1,877,792$1,603,406$3,067,728
81$3,367,800$1,905,701$1,593,018$3,284,881
82$3,645,194$1,932,959$1,580,263$3,521,738
83$3,948,799$1,959,470$1,564,997$3,780,257
84$4,281,224$1,985,131$1,547,072$4,062,593
85$4,645,340$2,009,833$1,526,330$4,371,121
86$5,044,310$2,033,461$1,502,607$4,708,459
87$5,481,617$2,055,887$1,475,732$5,077,488
88$5,961,097$2,076,981$1,445,524$5,481,387
89$6,486,975$2,096,599$1,411,795$5,923,655
90$7,063,905$2,114,591$1,374,349$6,408,149
91$7,697,012$2,130,795$1,332,979$6,939,119
92$8,391,943$2,145,040$1,287,469$7,521,249
93$9,154,917$2,157,142$1,237,595$8,159,698
94$9,992,784$2,166,908$1,183,120$8,860,153
95$10,913,092$2,174,130$1,123,798$9,628,882
96$11,924,154$2,178,590$1,059,372$10,472,789
97$13,035,129$2,180,052$989,573$11,399,485
98$14,256,107$2,178,269$914,119$12,417,356
99$15,598,204$2,172,978$832,715$13,535,644
100$17,073,666$2,163,899$745,056$14,764,535