Can I retire at age 72 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$145,339$144,045$142,781$141,549$140,345$135,419
2 years$71,950$70,610$69,311$68,052$66,831$61,920
3 years$47,490$46,144$44,849$43,602$42,400$37,659
4 years$35,263$33,921$32,639$31,413$30,240$25,704
5 years$27,928$26,595$25,329$24,128$22,988$18,669
6 years$23,040$21,716$20,470$19,295$18,190$14,091
7 years$19,550$18,237$17,010$15,864$14,793$10,915
8 years$16,933$15,633$14,426$13,308$12,272$8,610
9 years$14,900$13,611$12,425$11,335$10,335$6,885
10 years$13,273$11,998$10,833$9,771$8,806$5,562
11 years$11,944$10,681$9,537$8,504$7,573$4,529
12 years$10,836$9,586$8,464$7,459$6,563$3,711
13 years$9,900$8,663$7,562$6,585$5,723$3,056
14 years$9,099$7,875$6,794$5,846$5,017$2,526
15 years$8,404$7,194$6,134$5,213$4,417$2,096
16 years$7,797$6,600$5,562$4,668$3,904$1,743
17 years$7,263$6,078$5,061$4,194$3,461$1,452
18 years$6,788$5,617$4,620$3,780$3,078$1,213
19 years$6,363$5,206$4,229$3,415$2,743$1,014
20 years$5,982$4,837$3,881$3,093$2,450$849
21 years$5,637$4,506$3,570$2,807$2,193$711
22 years$5,324$4,206$3,290$2,552$1,966$597
23 years$5,039$3,934$3,038$2,325$1,764$501
24 years$4,777$3,686$2,810$2,120$1,586$421
25 years$4,538$3,459$2,602$1,936$1,427$353
26 years$4,316$3,251$2,414$1,770$1,285$297
27 years$4,112$3,059$2,241$1,620$1,159$250
28 years$3,923$2,883$2,084$1,485$1,046$210
29 years$3,747$2,720$1,939$1,361$944$177
30 years$3,583$2,568$1,806$1,250$853$149
31 years$3,429$2,428$1,684$1,148$771$125
32 years$3,286$2,297$1,571$1,055$698$105
33 years$3,152$2,176$1,467$970$631$89
34 years$3,026$2,062$1,370$892$572$75
35 years$2,907$1,956$1,281$821$518$63
36 years$2,795$1,856$1,199$757$469$53
37 years$2,690$1,763$1,122$697$425$45
38 years$2,590$1,676$1,051$642$386$38
39 years$2,496$1,593$984$592$350$32
40 years$2,406$1,516$923$546$317$27
41 years$2,321$1,443$865$504$288$22
42 years$2,241$1,374$811$465$261$19
43 years$2,164$1,309$761$429$237$16
44 years$2,091$1,248$715$397$215$13
45 years$2,022$1,190$671$366$195$11
46 years$1,955$1,135$630$338$177$10
47 years$1,892$1,083$592$313$161$8
48 years$1,832$1,034$557$289$146$7
49 years$1,774$988$523$267$133$6
50 years$1,718$944$492$247$121$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,760,000, adding $6,217 every year, while hoping to spend $56,019 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: 47/26/27 Blend
71$1,760,000$1,760,000$1,760,000$1,760,000
72$1,945,933$1,852,653$1,825,373$2,022,083
73$2,084,814$1,883,829$1,826,919$2,107,553
74$2,235,984$1,914,655$1,826,640$2,194,310
75$2,400,636$1,945,056$1,824,414$2,287,395
76$2,580,086$1,974,948$1,820,116$2,387,432
77$2,775,778$2,004,244$1,813,614$2,495,109
78$2,989,306$2,032,850$1,804,768$2,611,185
79$3,222,421$2,060,666$1,793,434$2,736,501
80$3,477,052$2,087,582$1,779,458$2,871,984
81$3,755,323$2,113,486$1,762,682$3,018,658
82$4,059,571$2,138,252$1,742,937$3,177,653
83$4,392,371$2,161,749$1,720,048$3,350,218
84$4,756,556$2,183,838$1,693,833$3,537,732
85$5,155,246$2,204,368$1,664,099$3,741,716
86$5,591,880$2,223,181$1,630,644$3,963,851
87$6,070,240$2,240,105$1,593,259$4,205,993
88$6,594,494$2,254,960$1,551,723$4,470,188
89$7,169,233$2,267,553$1,505,806$4,758,699
90$7,799,511$2,277,680$1,455,267$5,074,019
91$8,490,897$2,285,121$1,399,854$5,418,904
92$9,249,522$2,289,646$1,339,303$5,796,393
93$10,082,143$2,291,009$1,273,340$6,209,842
94$10,996,200$2,288,947$1,201,675$6,662,952
95$11,999,890$2,283,183$1,124,009$7,159,810
96$13,102,242$2,273,421$1,040,026$7,704,923
97$14,313,202$2,259,350$949,398$8,303,268
98$15,643,728$2,240,638$851,782$8,960,333
99$17,105,890$2,216,931$746,819$9,682,175
100$18,712,988$2,187,858$634,134$10,475,475