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

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$146,165$144,863$143,593$142,353$141,142$135,703
2 years$72,359$71,011$69,705$68,439$67,211$61,796
3 years$47,760$46,407$45,104$43,849$42,641$37,421
4 years$35,463$34,114$32,824$31,591$30,412$25,426
5 years$28,087$26,746$25,473$24,265$23,119$18,380
6 years$23,171$21,840$20,586$19,405$18,293$13,804
7 years$19,661$18,341$17,107$15,954$14,877$10,637
8 years$17,030$15,722$14,508$13,383$12,342$8,347
9 years$14,984$13,689$12,496$11,400$10,394$6,638
10 years$13,349$12,066$10,894$9,827$8,856$5,332
11 years$12,012$10,741$9,591$8,552$7,616$4,316
12 years$10,898$9,641$8,512$7,501$6,600$3,515
13 years$9,957$8,713$7,605$6,623$5,756$2,877
14 years$9,150$7,920$6,833$5,879$5,045$2,364
15 years$8,452$7,235$6,169$5,243$4,442$1,948
16 years$7,842$6,638$5,593$4,694$3,926$1,609
17 years$7,304$6,113$5,090$4,218$3,481$1,332
18 years$6,826$5,649$4,646$3,801$3,095$1,105
19 years$6,399$5,235$4,253$3,435$2,759$918
20 years$6,016$4,865$3,904$3,111$2,464$763
21 years$5,669$4,531$3,590$2,823$2,205$635
22 years$5,354$4,230$3,309$2,567$1,977$529
23 years$5,067$3,956$3,055$2,338$1,774$441
24 years$4,805$3,707$2,826$2,132$1,595$367
25 years$4,563$3,478$2,617$1,947$1,435$307
26 years$4,341$3,269$2,427$1,780$1,293$256
27 years$4,135$3,077$2,254$1,630$1,166$214
28 years$3,945$2,899$2,095$1,493$1,052$178
29 years$3,768$2,735$1,950$1,369$950$149
30 years$3,603$2,583$1,816$1,257$858$124
31 years$3,449$2,442$1,693$1,154$776$104
32 years$3,305$2,310$1,580$1,061$702$87
33 years$3,170$2,188$1,475$975$635$73
34 years$3,043$2,074$1,378$897$575$61
35 years$2,924$1,967$1,289$826$521$51
36 years$2,811$1,867$1,205$761$472$42
37 years$2,705$1,773$1,128$701$428$35
38 years$2,605$1,685$1,057$646$388$30
39 years$2,510$1,602$990$596$352$25
40 years$2,420$1,524$928$550$319$21
41 years$2,335$1,451$870$507$289$17
42 years$2,253$1,382$816$468$263$14
43 years$2,176$1,317$766$432$238$12
44 years$2,103$1,255$719$399$216$10
45 years$2,033$1,197$675$368$196$8
46 years$1,966$1,142$634$340$178$7
47 years$1,903$1,090$596$314$162$6
48 years$1,842$1,040$560$290$147$5
49 years$1,784$993$526$268$134$4
50 years$1,728$949$495$248$121$3

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 $3,322 every year, while hoping to spend $38,720 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: 62/20/18 Blend
71$1,770,000$1,770,000$1,770,000$1,770,000
72$1,953,967$1,860,157$1,832,722$2,065,959
73$2,112,073$1,910,107$1,852,920$2,191,750
74$2,285,009$1,961,206$1,872,497$2,324,372
75$2,474,246$2,013,471$1,891,392$2,468,252
76$2,681,405$2,066,916$1,909,539$2,624,489
77$2,908,269$2,121,556$1,926,869$2,794,291
78$3,156,804$2,177,404$1,943,311$2,978,992
79$3,429,174$2,234,473$1,958,788$3,180,058
80$3,727,763$2,292,776$1,973,221$3,399,107
81$4,055,195$2,352,322$1,986,524$3,637,917
82$4,414,363$2,413,124$1,998,610$3,898,451
83$4,808,450$2,475,189$2,009,386$4,182,868
84$5,240,964$2,538,525$2,018,753$4,493,550
85$5,715,770$2,603,140$2,026,608$4,833,117
86$6,237,122$2,669,038$2,032,844$5,204,461
87$6,809,711$2,736,223$2,037,346$5,610,763
88$7,438,700$2,804,697$2,039,996$6,055,530
89$8,129,780$2,874,459$2,040,668$6,542,628
90$8,889,218$2,945,509$2,039,231$7,076,314
91$9,723,921$3,017,841$2,035,547$7,661,280
92$10,641,495$3,091,449$2,029,472$8,302,696
93$11,650,322$3,166,325$2,020,854$9,006,258
94$12,759,636$3,242,456$2,009,535$9,778,243
95$13,979,612$3,319,829$1,995,347$10,625,569
96$15,321,458$3,398,426$1,978,116$11,555,859
97$16,797,523$3,478,226$1,957,660$12,577,512
98$18,421,415$3,559,204$1,933,786$13,699,784
99$20,208,127$3,641,332$1,906,295$14,932,876
100$22,174,176$3,724,578$1,874,977$16,288,028