Can I retire at age 72 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$139,559$138,316$137,103$135,919$134,763$134,139
2 years$69,088$67,802$66,555$65,346$64,173$63,543
3 years$45,601$44,309$43,065$41,868$40,714$40,097
4 years$33,860$32,572$31,341$30,163$29,037$28,439
5 years$26,817$25,537$24,322$23,168$22,074$21,496
6 years$22,124$20,853$19,655$18,528$17,466$16,909
7 years$18,772$17,512$16,334$15,233$14,205$13,669
8 years$16,260$15,011$13,852$12,778$11,784$11,270
9 years$14,307$13,070$11,931$10,884$9,924$9,431
10 years$12,745$11,520$10,402$9,382$8,456$7,983
11 years$11,469$10,256$9,157$8,166$7,272$6,820
12 years$10,405$9,205$8,127$7,162$6,302$5,870
13 years$9,507$8,319$7,261$6,323$5,495$5,083
14 years$8,737$7,562$6,524$5,613$4,817$4,425
15 years$8,070$6,908$5,890$5,006$4,241$3,868
16 years$7,487$6,338$5,340$4,482$3,749$3,393
17 years$6,974$5,837$4,860$4,027$3,324$2,986
18 years$6,518$5,393$4,436$3,629$2,955$2,635
19 years$6,110$4,999$4,061$3,279$2,634$2,331
20 years$5,744$4,645$3,727$2,970$2,353$2,065
21 years$5,413$4,327$3,428$2,696$2,106$1,834
22 years$5,112$4,039$3,160$2,451$1,887$1,630
23 years$4,838$3,777$2,917$2,232$1,694$1,452
24 years$4,587$3,539$2,698$2,036$1,523$1,294
25 years$4,357$3,321$2,499$1,859$1,370$1,155
26 years$4,145$3,121$2,318$1,700$1,234$1,031
27 years$3,949$2,938$2,152$1,556$1,113$922
28 years$3,767$2,768$2,001$1,426$1,004$825
29 years$3,598$2,611$1,862$1,307$907$738
30 years$3,440$2,466$1,734$1,200$819$661
31 years$3,293$2,331$1,617$1,102$741$592
32 years$3,156$2,206$1,508$1,013$670$531
33 years$3,027$2,089$1,408$931$606$476
34 years$2,905$1,980$1,316$857$549$427
35 years$2,791$1,878$1,230$789$497$384
36 years$2,684$1,782$1,151$726$451$344
37 years$2,583$1,693$1,077$669$408$309
38 years$2,487$1,609$1,009$617$370$278
39 years$2,396$1,530$945$569$336$250
40 years$2,310$1,456$886$525$304$224
41 years$2,229$1,386$831$484$276$202
42 years$2,152$1,320$779$447$251$181
43 years$2,078$1,257$731$412$227$163
44 years$2,008$1,198$686$381$206$146
45 years$1,941$1,143$644$352$187$132
46 years$1,878$1,090$605$325$170$118
47 years$1,817$1,040$569$300$155$107
48 years$1,759$993$534$277$140$96
49 years$1,703$948$502$256$127$86
50 years$1,650$906$472$237$116$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,690,000, adding $4,158 every year, while hoping to spend $52,697 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: 58/37/5 Blend
71$1,690,000$1,690,000$1,690,000$1,690,000
72$1,866,669$1,777,099$1,750,904$1,972,985
73$2,001,000$1,808,108$1,753,490$2,075,779
74$2,147,267$1,838,870$1,754,397$2,181,393
75$2,306,631$1,869,317$1,753,512$2,295,168
76$2,480,371$1,899,377$1,750,718$2,417,886
77$2,669,894$1,928,972$1,745,892$2,550,412
78$2,876,748$1,958,017$1,738,905$2,693,696
79$3,102,640$1,986,423$1,729,622$2,848,785
80$3,349,445$2,014,094$1,717,900$3,016,835
81$3,619,230$2,040,926$1,703,591$3,199,119
82$3,914,270$2,066,809$1,686,540$3,397,040
83$4,237,068$2,091,626$1,666,582$3,612,145
84$4,590,384$2,115,250$1,643,547$3,846,140
85$4,977,254$2,137,548$1,617,256$4,100,903
86$5,401,021$2,158,376$1,587,522$4,378,509
87$5,865,370$2,177,581$1,554,149$4,681,240
88$6,374,356$2,195,001$1,516,931$5,011,617
89$6,932,446$2,210,462$1,475,654$5,372,416
90$7,544,561$2,223,779$1,430,094$5,766,698
91$8,216,119$2,234,757$1,380,014$6,197,840
92$8,953,089$2,243,186$1,325,171$6,669,563
93$9,762,046$2,248,844$1,265,306$7,185,970
94$10,650,232$2,251,495$1,200,152$7,751,585
95$11,625,626$2,250,889$1,129,427$8,371,396
96$12,697,016$2,246,759$1,052,839$9,050,901
97$13,874,084$2,238,822$970,081$9,796,162
98$15,167,494$2,226,778$880,833$10,613,866
99$16,588,998$2,210,309$784,759$11,511,380
100$18,151,538$2,189,077$681,512$12,496,830