Can I retire at age 72 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$141,210$139,952$138,725$137,527$136,358$135,215
2 years$69,906$68,604$67,342$66,119$64,932$63,781
3 years$46,141$44,834$43,575$42,363$41,196$40,071
4 years$34,261$32,957$31,711$30,520$29,381$28,292
5 years$27,135$25,839$24,609$23,442$22,335$21,284
6 years$22,385$21,099$19,888$18,747$17,673$16,662
7 years$18,994$17,719$16,527$15,413$14,373$13,402
8 years$16,452$15,189$14,016$12,930$11,924$10,993
9 years$14,476$13,225$12,072$11,013$10,041$9,151
10 years$12,896$11,657$10,525$9,493$8,556$7,705
11 years$11,604$10,377$9,266$8,262$7,358$6,547
12 years$10,529$9,314$8,223$7,247$6,377$5,603
13 years$9,619$8,417$7,347$6,398$5,560$4,824
14 years$8,840$7,651$6,601$5,679$4,874$4,174
15 years$8,166$6,989$5,960$5,065$4,292$3,627
16 years$7,576$6,413$5,404$4,535$3,793$3,163
17 years$7,056$5,906$4,917$4,075$3,363$2,766
18 years$6,595$5,457$4,489$3,672$2,990$2,425
19 years$6,182$5,058$4,109$3,318$2,665$2,131
20 years$5,812$4,700$3,771$3,005$2,381$1,877
21 years$5,477$4,378$3,469$2,727$2,131$1,655
22 years$5,173$4,086$3,197$2,480$1,910$1,462
23 years$4,895$3,822$2,952$2,258$1,714$1,293
24 years$4,642$3,581$2,730$2,060$1,541$1,144
25 years$4,409$3,361$2,529$1,881$1,386$1,014
26 years$4,194$3,158$2,345$1,720$1,249$899
27 years$3,995$2,972$2,178$1,574$1,126$798
28 years$3,811$2,801$2,024$1,443$1,016$709
29 years$3,640$2,642$1,884$1,323$917$630
30 years$3,481$2,495$1,755$1,214$829$560
31 years$3,332$2,359$1,636$1,115$749$498
32 years$3,193$2,232$1,526$1,025$678$444
33 years$3,062$2,114$1,425$942$614$395
34 years$2,940$2,003$1,332$867$555$352
35 years$2,825$1,900$1,245$798$503$313
36 years$2,716$1,804$1,165$735$456$279
37 years$2,613$1,713$1,090$677$413$249
38 years$2,516$1,628$1,021$624$375$222
39 years$2,425$1,548$956$576$340$198
40 years$2,338$1,473$896$531$308$176
41 years$2,255$1,402$841$490$280$157
42 years$2,177$1,335$788$452$254$140
43 years$2,103$1,272$740$417$230$125
44 years$2,032$1,213$694$385$209$112
45 years$1,964$1,156$652$356$190$100
46 years$1,900$1,103$612$329$172$89
47 years$1,838$1,053$575$304$156$79
48 years$1,780$1,005$541$281$142$71
49 years$1,723$960$508$259$129$63
50 years$1,670$917$478$240$117$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,710,000, adding $2,370 every year, while hoping to spend $25,015 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: 49/38/13 Blend
71$1,710,000$1,710,000$1,710,000$1,710,000
72$1,886,865$1,796,235$1,769,730$1,972,478
73$2,052,709$1,857,634$1,802,400$2,093,015
74$2,234,631$1,921,204$1,835,326$2,221,075
75$2,434,245$1,987,024$1,868,491$2,359,618
76$2,653,327$2,055,178$1,901,874$2,509,636
77$2,893,835$2,125,750$1,935,456$2,672,216
78$3,157,926$2,198,832$1,969,213$2,848,556
79$3,447,975$2,274,515$2,003,122$3,039,973
80$3,766,599$2,352,897$2,037,158$3,247,915
81$4,116,681$2,434,078$2,071,292$3,473,975
82$4,501,397$2,518,163$2,105,495$3,719,905
83$4,924,246$2,605,259$2,139,735$3,987,635
84$5,389,082$2,695,480$2,173,979$4,279,285
85$5,900,152$2,788,942$2,208,191$4,597,191
86$6,462,135$2,885,767$2,242,333$4,943,923
87$7,080,186$2,986,083$2,276,364$5,322,309
88$7,759,983$3,090,019$2,310,240$5,735,463
89$8,507,785$3,197,713$2,343,917$6,186,812
90$9,330,485$3,309,308$2,377,344$6,680,129
91$10,235,680$3,424,949$2,410,471$7,219,568
92$11,231,740$3,544,793$2,443,243$7,809,703
93$12,327,887$3,668,997$2,475,600$8,455,568
94$13,534,282$3,797,728$2,507,483$9,162,709
95$14,862,121$3,931,159$2,538,826$9,937,232
96$16,323,741$4,069,469$2,569,561$10,785,861
97$17,932,735$4,212,846$2,599,613$11,716,001
98$19,704,082$4,361,483$2,628,908$12,735,808
99$21,654,285$4,515,583$2,657,364$13,854,262
100$23,801,532$4,675,356$2,684,895$15,081,257