Can I retire at age 72 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$131,301$130,131$128,990$127,876$126,789$124,484
2 years$65,000$63,790$62,617$61,479$60,376$58,061
3 years$42,903$41,687$40,517$39,390$38,305$36,054
4 years$31,857$30,645$29,486$28,378$27,319$25,149
5 years$25,231$24,026$22,882$21,797$20,768$18,684
6 years$20,815$19,619$18,492$17,432$16,433$14,438
7 years$17,662$16,476$15,367$14,331$13,364$11,459
8 years$15,298$14,123$13,033$12,022$11,087$9,270
9 years$13,460$12,296$11,225$10,240$9,337$7,608
10 years$11,991$10,839$9,786$8,827$7,955$6,313
11 years$10,790$9,649$8,616$7,682$6,842$5,284
12 years$9,790$8,661$7,646$6,738$5,929$4,454
13 years$8,944$7,827$6,831$5,949$5,170$3,775
14 years$8,220$7,114$6,138$5,281$4,532$3,215
15 years$7,593$6,499$5,542$4,710$3,991$2,748
16 years$7,044$5,963$5,024$4,217$3,527$2,357
17 years$6,561$5,491$4,572$3,789$3,127$2,027
18 years$6,132$5,074$4,174$3,415$2,781$1,747
19 years$5,749$4,703$3,821$3,085$2,478$1,508
20 years$5,404$4,370$3,507$2,794$2,214$1,305
21 years$5,092$4,071$3,225$2,536$1,981$1,130
22 years$4,810$3,800$2,973$2,306$1,776$980
23 years$4,552$3,554$2,745$2,100$1,594$851
24 years$4,316$3,330$2,538$1,915$1,433$739
25 years$4,099$3,125$2,351$1,749$1,289$643
26 years$3,900$2,937$2,180$1,599$1,161$559
27 years$3,715$2,764$2,025$1,464$1,047$487
28 years$3,544$2,604$1,882$1,341$945$424
29 years$3,385$2,457$1,752$1,230$853$370
30 years$3,237$2,320$1,632$1,129$771$322
31 years$3,098$2,193$1,521$1,037$697$281
32 years$2,969$2,075$1,419$953$630$245
33 years$2,847$1,965$1,325$876$570$214
34 years$2,734$1,863$1,238$806$517$187
35 years$2,626$1,767$1,158$742$468$163
36 years$2,525$1,677$1,083$683$424$142
37 years$2,430$1,593$1,014$630$384$124
38 years$2,340$1,514$949$580$348$109
39 years$2,255$1,439$889$535$316$95
40 years$2,174$1,369$833$494$286$83
41 years$2,097$1,304$782$455$260$72
42 years$2,024$1,241$733$420$236$63
43 years$1,955$1,183$688$388$214$55
44 years$1,889$1,128$646$358$194$48
45 years$1,826$1,075$606$331$176$42
46 years$1,766$1,026$569$306$160$37
47 years$1,709$979$535$282$145$32
48 years$1,655$934$503$261$132$28
49 years$1,602$892$473$241$120$25
50 years$1,552$852$444$223$109$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,590,000, adding $6,344 every year, while hoping to spend $58,554 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: 59/32/9 Blend
71$1,590,000$1,590,000$1,590,000$1,590,000
72$1,758,724$1,674,454$1,649,809$1,858,509
73$1,875,813$1,694,201$1,642,776$1,946,042
74$2,002,882$1,712,953$1,633,546$2,034,251
75$2,140,888$1,730,600$1,621,982$2,128,988
76$2,290,883$1,747,024$1,607,943$2,230,883
77$2,454,023$1,762,098$1,591,279$2,340,634
78$2,631,582$1,775,690$1,571,835$2,459,008
79$2,824,961$1,787,656$1,549,449$2,586,854
80$3,035,700$1,797,844$1,523,948$2,725,107
81$3,265,496$1,806,093$1,495,156$2,874,799
82$3,516,216$1,812,231$1,462,883$3,037,070
83$3,789,916$1,816,076$1,426,935$3,213,175
84$4,088,856$1,817,433$1,387,106$3,404,502
85$4,415,529$1,816,096$1,343,183$3,612,581
86$4,772,674$1,811,846$1,294,941$3,839,101
87$5,163,311$1,804,451$1,242,147$4,085,924
88$5,590,764$1,793,664$1,184,553$4,355,106
89$6,058,692$1,779,224$1,121,906$4,648,916
90$6,571,125$1,760,852$1,053,937$4,969,855
91$7,132,502$1,738,256$980,365$5,320,684
92$7,747,709$1,711,123$900,899$5,704,451
93$8,422,130$1,679,122$815,234$6,124,514
94$9,161,692$1,641,904$723,049$6,584,583
95$9,972,926$1,599,099$624,013$7,088,747
96$10,863,023$1,550,313$517,776$7,641,518
97$11,839,905$1,495,132$403,975$8,247,875
98$12,912,297$1,433,116$282,230$8,913,307
99$14,089,813$1,363,800$152,146$9,643,873
100$15,383,039$1,286,691$13,309$10,446,252