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

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$134,604$133,405$132,235$131,093$129,978$127,773
2 years$66,636$65,395$64,192$63,026$61,895$59,679
3 years$43,982$42,736$41,536$40,381$39,268$37,112
4 years$32,658$31,416$30,228$29,092$28,007$25,926
5 years$25,865$24,630$23,458$22,346$21,290$19,292
6 years$21,338$20,112$18,958$17,870$16,846$14,932
7 years$18,106$16,890$15,754$14,692$13,700$11,871
8 years$15,683$14,478$13,361$12,325$11,366$9,620
9 years$13,799$12,606$11,507$10,498$9,572$7,910
10 years$12,293$11,111$10,032$9,049$8,156$6,575
11 years$11,061$9,892$8,832$7,876$7,014$5,514
12 years$10,036$8,878$7,839$6,908$6,078$4,657
13 years$9,169$8,023$7,003$6,099$5,300$3,955
14 years$8,426$7,293$6,292$5,414$4,646$3,375
15 years$7,784$6,662$5,681$4,828$4,091$2,891
16 years$7,222$6,113$5,151$4,323$3,616$2,484
17 years$6,726$5,629$4,687$3,884$3,206$2,141
18 years$6,286$5,202$4,279$3,500$2,850$1,849
19 years$5,893$4,821$3,917$3,163$2,541$1,600
20 years$5,540$4,480$3,595$2,865$2,269$1,387
21 years$5,221$4,173$3,306$2,600$2,031$1,204
22 years$4,931$3,895$3,047$2,364$1,820$1,047
23 years$4,666$3,643$2,814$2,153$1,634$911
24 years$4,425$3,413$2,602$1,964$1,469$793
25 years$4,202$3,203$2,410$1,793$1,322$692
26 years$3,998$3,011$2,235$1,640$1,190$603
27 years$3,808$2,833$2,076$1,501$1,073$527
28 years$3,633$2,670$1,930$1,375$968$460
29 years$3,470$2,519$1,796$1,261$875$402
30 years$3,318$2,379$1,673$1,157$790$351
31 years$3,176$2,249$1,559$1,063$714$307
32 years$3,043$2,128$1,455$977$646$268
33 years$2,919$2,015$1,358$898$585$235
34 years$2,802$1,910$1,269$826$529$206
35 years$2,692$1,811$1,187$761$480$180
36 years$2,589$1,719$1,110$701$435$157
37 years$2,491$1,633$1,039$646$394$138
38 years$2,399$1,552$973$595$357$121
39 years$2,311$1,476$912$549$324$106
40 years$2,228$1,404$854$506$294$93
41 years$2,150$1,336$801$467$266$81
42 years$2,075$1,273$752$431$242$71
43 years$2,004$1,213$705$398$219$62
44 years$1,937$1,156$662$367$199$55
45 years$1,872$1,102$622$339$181$48
46 years$1,811$1,052$584$313$164$42
47 years$1,752$1,003$548$289$149$37
48 years$1,696$958$515$267$135$32
49 years$1,643$915$484$247$123$28
50 years$1,591$874$455$228$112$25

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 $5,511 every year, while hoping to spend $56,807 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: 51/21/28 Blend
71$1,630,000$1,630,000$1,630,000$1,630,000
72$1,801,945$1,715,555$1,690,290$1,879,377
73$1,925,301$1,739,175$1,686,472$1,957,545
74$2,059,335$1,762,048$1,680,623$2,036,357
75$2,205,077$1,784,078$1,672,614$2,120,944
76$2,363,660$1,805,162$1,662,310$2,211,878
77$2,536,327$1,825,190$1,649,572$2,309,796
78$2,724,452$1,844,043$1,634,252$2,415,401
79$2,929,542$1,861,597$1,616,196$2,529,467
80$3,153,258$1,877,718$1,595,241$2,652,851
81$3,397,427$1,892,264$1,571,218$2,786,501
82$3,664,062$1,905,081$1,543,951$2,931,463
83$3,955,376$1,916,010$1,513,253$3,088,892
84$4,273,808$1,924,879$1,478,931$3,260,065
85$4,622,042$1,931,503$1,440,781$3,446,391
86$5,003,034$1,935,691$1,398,591$3,649,428
87$5,420,038$1,937,233$1,352,137$3,870,893
88$5,876,636$1,935,913$1,301,189$4,112,687
89$6,376,776$1,931,496$1,245,502$4,376,905
90$6,924,803$1,923,735$1,184,822$4,665,863
91$7,525,504$1,912,368$1,118,884$4,982,114
92$8,184,148$1,897,117$1,047,409$5,328,481
93$8,906,542$1,877,686$970,108$5,708,077
94$9,699,079$1,853,763$886,677$6,124,340
95$10,568,804$1,825,016$796,800$6,581,063
96$11,523,474$1,791,094$700,144$7,082,433
97$12,571,635$1,751,624$596,366$7,633,073
98$13,722,700$1,706,212$485,102$8,238,081
99$14,987,040$1,654,441$365,978$8,903,084
100$16,376,078$1,595,869$238,598$9,634,293