Can I retire at age 72 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$133,778$132,586$131,424$130,289$129,181$127,620
2 years$66,227$64,993$63,798$62,639$61,515$59,944
3 years$43,713$42,474$41,282$40,133$39,028$37,495
4 years$32,458$31,223$30,042$28,914$27,835$26,353
5 years$25,707$24,479$23,314$22,209$21,160$19,733
6 years$21,207$19,989$18,841$17,760$16,743$15,373
7 years$17,995$16,787$15,657$14,602$13,616$12,303
8 years$15,586$14,389$13,279$12,249$11,296$10,040
9 years$13,714$12,528$11,437$10,434$9,513$8,314
10 years$12,217$11,043$9,971$8,994$8,106$6,962
11 years$10,994$9,831$8,778$7,827$6,971$5,882
12 years$9,974$8,824$7,790$6,866$6,041$5,006
13 years$9,113$7,974$6,960$6,061$5,268$4,285
14 years$8,375$7,248$6,254$5,381$4,618$3,686
15 years$7,736$6,622$5,646$4,798$4,066$3,183
16 years$7,177$6,075$5,119$4,297$3,593$2,759
17 years$6,685$5,595$4,658$3,860$3,186$2,397
18 years$6,248$5,170$4,252$3,479$2,833$2,089
19 years$5,857$4,791$3,893$3,144$2,525$1,824
20 years$5,506$4,452$3,573$2,847$2,255$1,595
21 years$5,189$4,147$3,286$2,584$2,018$1,397
22 years$4,900$3,871$3,029$2,349$1,809$1,226
23 years$4,638$3,621$2,797$2,140$1,624$1,077
24 years$4,397$3,392$2,586$1,951$1,460$947
25 years$4,177$3,184$2,395$1,782$1,314$833
26 years$3,973$2,992$2,222$1,630$1,183$733
27 years$3,785$2,816$2,063$1,492$1,067$646
28 years$3,611$2,653$1,918$1,367$963$570
29 years$3,449$2,503$1,785$1,253$869$503
30 years$3,298$2,364$1,662$1,150$785$444
31 years$3,157$2,235$1,550$1,056$710$392
32 years$3,025$2,115$1,446$971$642$346
33 years$2,901$2,003$1,350$893$581$306
34 years$2,785$1,898$1,261$821$526$270
35 years$2,676$1,800$1,179$756$477$239
36 years$2,573$1,709$1,103$696$432$211
37 years$2,476$1,623$1,033$642$391$187
38 years$2,384$1,542$967$591$355$165
39 years$2,297$1,467$906$545$322$146
40 years$2,215$1,395$849$503$292$129
41 years$2,137$1,328$796$464$265$115
42 years$2,062$1,265$747$428$240$101
43 years$1,992$1,205$701$395$218$90
44 years$1,925$1,149$658$365$198$79
45 years$1,861$1,095$618$337$180$70
46 years$1,800$1,045$580$311$163$62
47 years$1,742$997$545$288$148$55
48 years$1,686$952$512$266$135$49
49 years$1,633$909$481$246$122$43
50 years$1,582$868$453$227$111$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,620,000, adding $5,444 every year, while hoping to spend $38,793 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: 68/21/11 Blend
71$1,620,000$1,620,000$1,620,000$1,620,000
72$1,790,855$1,704,995$1,679,885$1,908,099
73$1,932,247$1,747,265$1,694,886$2,028,977
74$2,086,761$1,790,305$1,709,089$2,155,967
75$2,255,694$1,834,113$1,722,427$2,293,837
76$2,440,474$1,878,685$1,734,828$2,443,648
77$2,642,676$1,924,013$1,746,218$2,606,569
78$2,864,030$1,970,091$1,756,517$2,783,887
79$3,106,443$2,016,908$1,765,643$2,977,019
80$3,372,017$2,064,453$1,773,509$3,187,528
81$3,663,064$2,112,713$1,780,023$3,417,133
82$3,982,132$2,161,670$1,785,088$3,667,729
83$4,332,025$2,211,308$1,788,605$3,941,403
84$4,715,835$2,261,606$1,790,466$4,240,454
85$5,136,964$2,312,539$1,790,561$4,567,415
86$5,599,163$2,364,081$1,788,773$4,925,076
87$6,106,559$2,416,203$1,784,979$5,316,512
88$6,663,704$2,468,872$1,779,051$5,745,109
89$7,275,606$2,522,052$1,770,854$6,214,600
90$7,947,787$2,575,701$1,760,247$6,729,096
91$8,686,328$2,629,777$1,747,081$7,293,128
92$9,497,927$2,684,230$1,731,203$7,911,688
93$10,389,966$2,739,008$1,712,448$8,590,277
94$11,370,575$2,794,052$1,690,648$9,334,955
95$12,448,713$2,849,299$1,665,624$10,152,401
96$13,634,248$2,904,682$1,637,189$11,049,976
97$14,938,055$2,960,124$1,605,148$12,035,789
98$16,372,113$3,015,547$1,569,296$13,118,776
99$17,949,622$3,070,862$1,529,421$14,308,785
100$19,685,124$3,125,975$1,485,298$15,616,669