Can I retire at age 72 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$146,165$144,863$143,593$142,353$141,142$137,954
2 years$72,359$71,011$69,705$68,439$67,211$64,016
3 years$47,760$46,407$45,104$43,849$42,641$39,540
4 years$35,463$34,114$32,824$31,591$30,412$27,427
5 years$28,087$26,746$25,473$24,265$23,119$20,259
6 years$23,171$21,840$20,586$19,405$18,293$15,562
7 years$19,661$18,341$17,107$15,954$14,877$12,275
8 years$17,030$15,722$14,508$13,383$12,342$9,867
9 years$14,984$13,689$12,496$11,400$10,394$8,045
10 years$13,349$12,066$10,894$9,827$8,856$6,631
11 years$12,012$10,741$9,591$8,552$7,616$5,511
12 years$10,898$9,641$8,512$7,501$6,600$4,612
13 years$9,957$8,713$7,605$6,623$5,756$3,881
14 years$9,150$7,920$6,833$5,879$5,045$3,280
15 years$8,452$7,235$6,169$5,243$4,442$2,783
16 years$7,842$6,638$5,593$4,694$3,926$2,368
17 years$7,304$6,113$5,090$4,218$3,481$2,020
18 years$6,826$5,649$4,646$3,801$3,095$1,727
19 years$6,399$5,235$4,253$3,435$2,759$1,479
20 years$6,016$4,865$3,904$3,111$2,464$1,269
21 years$5,669$4,531$3,590$2,823$2,205$1,090
22 years$5,354$4,230$3,309$2,567$1,977$937
23 years$5,067$3,956$3,055$2,338$1,774$807
24 years$4,805$3,707$2,826$2,132$1,595$695
25 years$4,563$3,478$2,617$1,947$1,435$599
26 years$4,341$3,269$2,427$1,780$1,293$517
27 years$4,135$3,077$2,254$1,630$1,166$446
28 years$3,945$2,899$2,095$1,493$1,052$385
29 years$3,768$2,735$1,950$1,369$950$333
30 years$3,603$2,583$1,816$1,257$858$287
31 years$3,449$2,442$1,693$1,154$776$248
32 years$3,305$2,310$1,580$1,061$702$215
33 years$3,170$2,188$1,475$975$635$186
34 years$3,043$2,074$1,378$897$575$161
35 years$2,924$1,967$1,289$826$521$139
36 years$2,811$1,867$1,205$761$472$120
37 years$2,705$1,773$1,128$701$428$104
38 years$2,605$1,685$1,057$646$388$90
39 years$2,510$1,602$990$596$352$78
40 years$2,420$1,524$928$550$319$67
41 years$2,335$1,451$870$507$289$58
42 years$2,253$1,382$816$468$263$50
43 years$2,176$1,317$766$432$238$44
44 years$2,103$1,255$719$399$216$38
45 years$2,033$1,197$675$368$196$33
46 years$1,966$1,142$634$340$178$28
47 years$1,903$1,090$596$314$162$25
48 years$1,842$1,040$560$290$147$21
49 years$1,784$993$526$268$134$18
50 years$1,728$949$495$248$121$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,770,000, adding $5,666 every year, while hoping to spend $42,016 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: 78/17/5 Blend
71$1,770,000$1,770,000$1,770,000$1,770,000
72$1,956,384$1,862,574$1,835,139$2,108,090
73$2,111,231$1,909,136$1,851,912$2,254,887
74$2,280,464$1,956,571$1,867,838$2,409,761
75$2,465,506$2,004,877$1,882,845$2,578,336
76$2,667,923$2,054,052$1,896,857$2,761,954
77$2,889,442$2,104,092$1,909,792$2,962,093
78$3,131,962$2,154,989$1,921,567$3,180,381
79$3,397,574$2,206,735$1,932,091$3,418,610
80$3,688,583$2,259,321$1,941,272$3,678,753
81$4,007,524$2,312,734$1,949,011$3,962,984
82$4,357,193$2,366,960$1,955,205$4,273,697
83$4,740,667$2,421,981$1,959,744$4,613,529
84$5,161,335$2,477,777$1,962,515$4,985,384
85$5,622,930$2,534,328$1,963,398$5,392,460
86$6,129,564$2,591,605$1,962,268$5,838,282
87$6,685,768$2,649,582$1,958,992$6,326,731
88$7,296,531$2,708,226$1,953,433$6,862,084
89$7,967,349$2,767,502$1,945,445$7,449,051
90$8,704,278$2,827,368$1,934,877$8,092,822
91$9,513,988$2,887,783$1,921,568$8,799,116
92$10,403,827$2,948,697$1,905,353$9,574,232
93$11,381,891$3,010,056$1,886,056$10,425,109
94$12,457,099$3,071,805$1,863,495$11,359,395
95$13,639,278$3,133,877$1,837,476$12,385,515
96$14,939,253$3,196,206$1,807,800$13,512,753
97$16,368,951$3,258,714$1,774,256$14,751,335
98$17,941,514$3,321,322$1,736,624$16,112,533
99$19,671,421$3,383,939$1,694,673$17,608,765
100$21,574,625$3,446,470$1,648,163$19,253,713