Can I retire at age 72 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$137,081$135,860$134,669$133,506$132,371$130,879
2 years$67,862$66,598$65,373$64,186$63,034$61,532
3 years$44,792$43,523$42,301$41,124$39,991$38,526
4 years$33,259$31,994$30,784$29,628$28,522$27,105
5 years$26,341$25,083$23,890$22,757$21,682$20,317
6 years$21,731$20,483$19,306$18,199$17,156$15,845
7 years$18,439$17,201$16,044$14,962$13,953$12,696
8 years$15,971$14,745$13,606$12,552$11,575$10,372
9 years$14,053$12,838$11,719$10,691$9,748$8,599
10 years$12,519$11,316$10,217$9,216$8,306$7,210
11 years$11,265$10,074$8,995$8,021$7,143$6,099
12 years$10,221$9,042$7,983$7,035$6,190$5,197
13 years$9,338$8,171$7,132$6,211$5,398$4,454
14 years$8,582$7,427$6,408$5,513$4,732$3,836
15 years$7,927$6,785$5,786$4,917$4,166$3,318
16 years$7,354$6,225$5,246$4,403$3,682$2,879
17 years$6,850$5,733$4,773$3,956$3,265$2,506
18 years$6,402$5,298$4,357$3,565$2,903$2,186
19 years$6,002$4,910$3,989$3,221$2,587$1,912
20 years$5,642$4,562$3,661$2,917$2,311$1,674
21 years$5,317$4,250$3,367$2,648$2,068$1,469
22 years$5,021$3,967$3,104$2,407$1,854$1,291
23 years$4,752$3,710$2,866$2,192$1,664$1,135
24 years$4,506$3,476$2,650$2,000$1,496$1,000
25 years$4,280$3,262$2,455$1,826$1,346$881
26 years$4,071$3,066$2,276$1,670$1,212$777
27 years$3,878$2,885$2,114$1,528$1,093$686
28 years$3,700$2,719$1,965$1,400$986$606
29 years$3,534$2,565$1,829$1,284$891$535
30 years$3,379$2,422$1,703$1,179$805$473
31 years$3,235$2,290$1,588$1,082$728$419
32 years$3,099$2,167$1,482$995$658$370
33 years$2,973$2,052$1,383$915$596$328
34 years$2,854$1,945$1,293$842$539$290
35 years$2,742$1,845$1,208$775$488$257
36 years$2,636$1,751$1,131$714$443$228
37 years$2,537$1,663$1,058$657$401$202
38 years$2,443$1,580$991$606$364$179
39 years$2,354$1,503$928$559$330$158
40 years$2,269$1,430$870$515$299$140
41 years$2,189$1,361$816$475$271$124
42 years$2,113$1,296$765$439$246$110
43 years$2,041$1,235$718$405$223$98
44 years$1,972$1,177$674$374$203$87
45 years$1,907$1,123$633$345$184$77
46 years$1,844$1,071$595$319$167$68
47 years$1,785$1,022$559$295$152$61
48 years$1,727$976$525$272$138$54
49 years$1,673$932$493$252$125$48
50 years$1,621$890$464$233$114$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,660,000, adding $4,030 every year, while hoping to spend $47,979 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: 79/10/11 Blend
71$1,660,000$1,660,000$1,660,000$1,660,000
72$1,833,477$1,745,497$1,719,767$1,974,432
73$1,969,442$1,779,977$1,726,330$2,102,086
74$2,117,668$1,814,539$1,731,505$2,235,486
75$2,279,354$1,849,135$1,735,194$2,380,443
76$2,455,821$1,883,716$1,737,296$2,538,091
77$2,648,523$1,918,226$1,737,703$2,709,677
78$2,859,060$1,952,606$1,736,304$2,896,576
79$3,089,194$1,986,794$1,732,980$3,100,302
80$3,340,865$2,020,720$1,727,608$3,322,523
81$3,616,208$2,054,310$1,720,058$3,565,074
82$3,917,576$2,087,486$1,710,194$3,829,981
83$4,247,557$2,120,161$1,697,874$4,119,473
84$4,609,003$2,152,244$1,682,948$4,436,005
85$5,005,055$2,183,638$1,665,261$4,782,284
86$5,439,172$2,214,237$1,644,648$5,161,292
87$5,915,161$2,243,929$1,620,938$5,576,312
88$6,437,219$2,272,593$1,593,951$6,030,966
89$7,009,967$2,300,101$1,563,499$6,529,240
90$7,638,493$2,326,316$1,529,386$7,075,530
91$8,328,405$2,351,091$1,491,406$7,674,678
92$9,085,878$2,374,269$1,449,343$8,332,018
93$9,917,714$2,395,685$1,402,973$9,053,431
94$10,831,407$2,415,160$1,352,059$9,845,396
95$11,835,212$2,432,504$1,296,355$10,715,050
96$12,938,224$2,447,518$1,235,603$11,670,263
97$14,150,462$2,459,985$1,169,535$12,719,702
98$15,482,963$2,469,678$1,097,868$13,872,922
99$16,947,888$2,476,355$1,020,309$15,140,450
100$18,558,633$2,479,757$936,550$16,533,889