Can I retire at age 72 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$134,604$133,405$132,235$131,093$129,978$126,375
2 years$66,636$65,395$64,192$63,026$61,895$58,291
3 years$43,982$42,736$41,536$40,381$39,268$35,778
4 years$32,658$31,416$30,228$29,092$28,007$24,656
5 years$25,865$24,630$23,458$22,346$21,290$18,088
6 years$21,338$20,112$18,958$17,870$16,846$13,796
7 years$18,106$16,890$15,754$14,692$13,700$10,802
8 years$15,683$14,478$13,361$12,325$11,366$8,617
9 years$13,799$12,606$11,507$10,498$9,572$6,971
10 years$12,293$11,111$10,032$9,049$8,156$5,699
11 years$11,061$9,892$8,832$7,876$7,014$4,698
12 years$10,036$8,878$7,839$6,908$6,078$3,898
13 years$9,169$8,023$7,003$6,099$5,300$3,252
14 years$8,426$7,293$6,292$5,414$4,646$2,724
15 years$7,784$6,662$5,681$4,828$4,091$2,290
16 years$7,222$6,113$5,151$4,323$3,616$1,931
17 years$6,726$5,629$4,687$3,884$3,206$1,632
18 years$6,286$5,202$4,279$3,500$2,850$1,382
19 years$5,893$4,821$3,917$3,163$2,541$1,172
20 years$5,540$4,480$3,595$2,865$2,269$995
21 years$5,221$4,173$3,306$2,600$2,031$847
22 years$4,931$3,895$3,047$2,364$1,820$721
23 years$4,666$3,643$2,814$2,153$1,634$614
24 years$4,425$3,413$2,602$1,964$1,469$524
25 years$4,202$3,203$2,410$1,793$1,322$447
26 years$3,998$3,011$2,235$1,640$1,190$381
27 years$3,808$2,833$2,076$1,501$1,073$326
28 years$3,633$2,670$1,930$1,375$968$278
29 years$3,470$2,519$1,796$1,261$875$238
30 years$3,318$2,379$1,673$1,157$790$203
31 years$3,176$2,249$1,559$1,063$714$174
32 years$3,043$2,128$1,455$977$646$149
33 years$2,919$2,015$1,358$898$585$127
34 years$2,802$1,910$1,269$826$529$109
35 years$2,692$1,811$1,187$761$480$93
36 years$2,589$1,719$1,110$701$435$80
37 years$2,491$1,633$1,039$646$394$68
38 years$2,399$1,552$973$595$357$58
39 years$2,311$1,476$912$549$324$50
40 years$2,228$1,404$854$506$294$43
41 years$2,150$1,336$801$467$266$37
42 years$2,075$1,273$752$431$242$31
43 years$2,004$1,213$705$398$219$27
44 years$1,937$1,156$662$367$199$23
45 years$1,872$1,102$622$339$181$20
46 years$1,811$1,052$584$313$164$17
47 years$1,752$1,003$548$289$149$14
48 years$1,696$958$515$267$135$12
49 years$1,643$915$484$247$123$11
50 years$1,591$874$455$228$112$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,630,000, adding $3,683 every year, while hoping to spend $55,513 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: 65/15/20 Blend
71$1,630,000$1,630,000$1,630,000$1,630,000
72$1,800,059$1,713,669$1,688,404$1,907,716
73$1,924,600$1,738,573$1,685,900$2,005,377
74$2,059,983$1,762,838$1,681,452$2,105,400
75$2,207,256$1,786,371$1,674,935$2,213,402
76$2,367,571$1,809,079$1,666,221$2,330,166
77$2,542,197$1,830,857$1,655,173$2,456,558
78$2,732,528$1,851,596$1,641,648$2,593,529
79$2,940,100$1,871,179$1,625,497$2,742,130
80$3,166,603$1,889,479$1,606,565$2,903,521
81$3,413,899$1,906,366$1,584,686$3,078,979
82$3,684,033$1,921,694$1,559,690$3,269,914
83$3,979,262$1,935,315$1,531,397$3,477,879
84$4,302,067$1,947,066$1,499,619$3,704,588
85$4,655,181$1,956,775$1,464,160$3,951,933
86$5,041,614$1,964,261$1,424,813$4,221,996
87$5,464,678$1,969,329$1,381,364$4,517,077
88$5,928,022$1,971,774$1,333,587$4,839,710
89$6,435,665$1,971,375$1,281,247$5,192,692
90$6,992,031$1,967,901$1,224,097$5,579,103
91$7,601,995$1,961,105$1,161,880$6,002,343
92$8,270,923$1,950,723$1,094,328$6,466,161
93$9,004,728$1,936,480$1,021,159$6,974,690
94$9,809,921$1,918,078$942,079$7,532,487
95$10,693,676$1,895,207$856,781$8,144,577
96$11,663,893$1,867,534$764,945$8,816,502
97$12,729,274$1,834,707$666,235$9,554,372
98$13,899,408$1,796,356$560,302$10,364,922
99$15,184,856$1,752,086$446,780$11,255,582
100$16,597,252$1,701,479$325,289$12,234,541