Can I retire at age 72 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$143,688$142,408$141,159$139,940$138,750$137,301
2 years$71,132$69,808$68,524$67,279$66,071$64,612
3 years$46,951$45,620$44,339$43,106$41,918$40,494
4 years$34,862$33,536$32,268$31,056$29,897$28,519
5 years$27,611$26,292$25,041$23,854$22,727$21,399
6 years$22,778$21,470$20,237$19,076$17,983$16,707
7 years$19,328$18,030$16,817$15,683$14,625$13,401
8 years$16,741$15,455$14,262$13,156$12,133$10,961
9 years$14,730$13,457$12,284$11,206$10,218$9,098
10 years$13,122$11,861$10,709$9,660$8,706$7,637
11 years$11,808$10,559$9,428$8,407$7,487$6,469
12 years$10,713$9,478$8,367$7,374$6,488$5,519
13 years$9,788$8,565$7,476$6,510$5,658$4,736
14 years$8,995$7,785$6,717$5,779$4,960$4,085
15 years$8,309$7,112$6,065$5,154$4,367$3,537
16 years$7,709$6,525$5,498$4,615$3,860$3,074
17 years$7,180$6,009$5,003$4,146$3,422$2,679
18 years$6,711$5,553$4,567$3,737$3,043$2,341
19 years$6,291$5,146$4,181$3,376$2,712$2,050
20 years$5,914$4,782$3,837$3,058$2,423$1,798
21 years$5,573$4,455$3,530$2,775$2,168$1,580
22 years$5,263$4,158$3,253$2,523$1,943$1,390
23 years$4,981$3,889$3,004$2,298$1,744$1,225
24 years$4,723$3,644$2,778$2,096$1,568$1,080
25 years$4,486$3,419$2,573$1,914$1,411$953
26 years$4,267$3,214$2,386$1,750$1,271$842
27 years$4,065$3,025$2,216$1,602$1,146$745
28 years$3,878$2,850$2,060$1,468$1,034$659
29 years$3,704$2,689$1,917$1,346$934$583
30 years$3,542$2,539$1,786$1,235$843$516
31 years$3,391$2,400$1,665$1,135$763$457
32 years$3,249$2,271$1,553$1,043$690$405
33 years$3,116$2,151$1,450$959$624$359
34 years$2,991$2,039$1,355$882$565$319
35 years$2,874$1,934$1,267$812$512$283
36 years$2,764$1,835$1,185$748$464$251
37 years$2,659$1,743$1,109$689$420$223
38 years$2,561$1,656$1,039$635$381$198
39 years$2,467$1,575$973$586$346$175
40 years$2,379$1,499$912$540$313$156
41 years$2,295$1,427$855$498$284$138
42 years$2,215$1,359$802$460$258$123
43 years$2,139$1,294$753$425$234$109
44 years$2,067$1,234$707$392$213$97
45 years$1,999$1,177$664$362$193$86
46 years$1,933$1,122$623$334$175$76
47 years$1,871$1,071$585$309$159$68
48 years$1,811$1,023$550$286$145$60
49 years$1,754$977$517$264$131$54
50 years$1,699$933$486$244$119$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,740,000, adding $3,329 every year, while hoping to spend $49,787 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: 41/47/12 Blend
71$1,740,000$1,740,000$1,740,000$1,740,000
72$1,920,914$1,828,694$1,801,724$1,992,722
73$2,063,874$1,865,327$1,809,109$2,080,176
74$2,219,748$1,902,086$1,815,072$2,169,580
75$2,389,799$1,938,926$1,819,514$2,265,245
76$2,575,420$1,975,795$1,822,330$2,367,762
77$2,778,144$2,012,639$1,823,408$2,477,781
78$2,999,655$2,049,400$1,822,634$2,596,023
79$3,241,813$2,086,013$1,819,885$2,723,280
80$3,506,661$2,122,411$1,815,034$2,860,425
81$3,796,450$2,158,518$1,807,947$3,008,423
82$4,113,659$2,194,257$1,798,484$3,168,339
83$4,461,017$2,229,540$1,786,498$3,341,344
84$4,841,531$2,264,278$1,771,836$3,528,732
85$5,258,510$2,298,370$1,754,335$3,731,931
86$5,715,599$2,331,712$1,733,827$3,952,515
87$6,216,815$2,364,190$1,710,135$4,192,221
88$6,766,578$2,395,684$1,683,073$4,452,963
89$7,369,761$2,426,064$1,652,447$4,736,856
90$8,031,727$2,455,192$1,618,055$5,046,230
91$8,758,387$2,482,920$1,579,683$5,383,656
92$9,556,250$2,509,090$1,537,110$5,751,970
93$10,432,486$2,533,535$1,490,102$6,154,301
94$11,394,997$2,556,075$1,438,417$6,594,099
95$12,452,482$2,576,518$1,381,800$7,075,170
96$13,614,530$2,594,662$1,319,985$7,601,713
97$14,891,702$2,610,290$1,252,694$8,178,359
98$16,295,632$2,623,171$1,179,636$8,810,215
99$17,839,140$2,633,060$1,100,508$9,502,914
100$19,536,349$2,639,697$1,014,991$10,262,671