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%14.3%
1 years$131,301$130,131$128,990$127,876$126,789$124,535
2 years$65,000$63,790$62,617$61,479$60,376$58,112
3 years$42,903$41,687$40,517$39,390$38,305$36,103
4 years$31,857$30,645$29,486$28,378$27,319$25,196
5 years$25,231$24,026$22,882$21,797$20,768$18,728
6 years$20,815$19,619$18,492$17,432$16,433$14,480
7 years$17,662$16,476$15,367$14,331$13,364$11,499
8 years$15,298$14,123$13,033$12,022$11,087$9,308
9 years$13,460$12,296$11,225$10,240$9,337$7,644
10 years$11,991$10,839$9,786$8,827$7,955$6,347
11 years$10,790$9,649$8,616$7,682$6,842$5,316
12 years$9,790$8,661$7,646$6,738$5,929$4,483
13 years$8,944$7,827$6,831$5,949$5,170$3,803
14 years$8,220$7,114$6,138$5,281$4,532$3,240
15 years$7,593$6,499$5,542$4,710$3,991$2,772
16 years$7,044$5,963$5,024$4,217$3,527$2,379
17 years$6,561$5,491$4,572$3,789$3,127$2,047
18 years$6,132$5,074$4,174$3,415$2,781$1,765
19 years$5,749$4,703$3,821$3,085$2,478$1,526
20 years$5,404$4,370$3,507$2,794$2,214$1,321
21 years$5,092$4,071$3,225$2,536$1,981$1,145
22 years$4,810$3,800$2,973$2,306$1,776$994
23 years$4,552$3,554$2,745$2,100$1,594$863
24 years$4,316$3,330$2,538$1,915$1,433$751
25 years$4,099$3,125$2,351$1,749$1,289$653
26 years$3,900$2,937$2,180$1,599$1,161$569
27 years$3,715$2,764$2,025$1,464$1,047$496
28 years$3,544$2,604$1,882$1,341$945$432
29 years$3,385$2,457$1,752$1,230$853$377
30 years$3,237$2,320$1,632$1,129$771$329
31 years$3,098$2,193$1,521$1,037$697$287
32 years$2,969$2,075$1,419$953$630$251
33 years$2,847$1,965$1,325$876$570$219
34 years$2,734$1,863$1,238$806$517$191
35 years$2,626$1,767$1,158$742$468$167
36 years$2,525$1,677$1,083$683$424$146
37 years$2,430$1,593$1,014$630$384$128
38 years$2,340$1,514$949$580$348$112
39 years$2,255$1,439$889$535$316$98
40 years$2,174$1,369$833$494$286$85
41 years$2,097$1,304$782$455$260$75
42 years$2,024$1,241$733$420$236$65
43 years$1,955$1,183$688$388$214$57
44 years$1,889$1,128$646$358$194$50
45 years$1,826$1,075$606$331$176$44
46 years$1,766$1,026$569$306$160$38
47 years$1,709$979$535$282$145$33
48 years$1,655$934$503$261$132$29
49 years$1,602$892$473$241$120$26
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 $6,147 every year, while hoping to spend $56,721 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: 50/41/9 Blend
71$1,590,000$1,590,000$1,590,000$1,590,000
72$1,758,521$1,674,251$1,649,606$1,841,992
73$1,877,539$1,695,938$1,644,517$1,921,367
74$2,006,796$1,716,787$1,637,356$2,001,030
75$2,147,277$1,736,697$1,627,995$2,086,272
76$2,300,064$1,755,560$1,616,297$2,177,632
77$2,466,348$1,773,261$1,602,122$2,275,704
78$2,647,442$1,789,677$1,585,319$2,381,143
79$2,844,787$1,804,677$1,565,733$2,494,675
80$3,059,972$1,818,122$1,543,201$2,617,098
81$3,294,743$1,829,865$1,517,553$2,749,297
82$3,551,025$1,839,746$1,488,609$2,892,246
83$3,830,934$1,847,598$1,456,182$3,047,024
84$4,136,802$1,853,243$1,420,077$3,214,818
85$4,471,194$1,856,490$1,380,088$3,396,944
86$4,836,936$1,857,139$1,336,001$3,594,850
87$5,237,139$1,854,974$1,287,592$3,810,139
88$5,675,228$1,849,768$1,234,627$4,044,578
89$6,154,975$1,841,280$1,176,861$4,300,119
90$6,680,533$1,829,254$1,114,036$4,578,917
91$7,256,477$1,813,417$1,045,887$4,883,351
92$7,887,846$1,793,483$972,132$5,216,047
93$8,580,187$1,769,144$892,479$5,579,904
94$9,339,612$1,740,078$806,623$5,978,122
95$10,172,852$1,705,942$714,245$6,414,234
96$11,087,322$1,666,371$615,010$6,892,136
97$12,091,187$1,620,983$508,572$7,416,132
98$13,193,446$1,569,368$394,567$7,990,970
99$14,404,007$1,511,096$272,614$8,621,889
100$15,733,787$1,445,712$142,318$9,314,673