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%12.2%
1 years$146,165$144,863$143,593$142,353$141,142$139,843
2 years$72,359$71,011$69,705$68,439$67,211$65,901
3 years$47,760$46,407$45,104$43,849$42,641$41,363
4 years$35,463$34,114$32,824$31,591$30,412$29,174
5 years$28,087$26,746$25,473$24,265$23,119$21,925
6 years$23,171$21,840$20,586$19,405$18,293$17,145
7 years$19,661$18,341$17,107$15,954$14,877$13,776
8 years$17,030$15,722$14,508$13,383$12,342$11,287
9 years$14,984$13,689$12,496$11,400$10,394$9,385
10 years$13,349$12,066$10,894$9,827$8,856$7,892
11 years$12,012$10,741$9,591$8,552$7,616$6,697
12 years$10,898$9,641$8,512$7,501$6,600$5,725
13 years$9,957$8,713$7,605$6,623$5,756$4,923
14 years$9,150$7,920$6,833$5,879$5,045$4,254
15 years$8,452$7,235$6,169$5,243$4,442$3,691
16 years$7,842$6,638$5,593$4,694$3,926$3,214
17 years$7,304$6,113$5,090$4,218$3,481$2,807
18 years$6,826$5,649$4,646$3,801$3,095$2,458
19 years$6,399$5,235$4,253$3,435$2,759$2,157
20 years$6,016$4,865$3,904$3,111$2,464$1,896
21 years$5,669$4,531$3,590$2,823$2,205$1,670
22 years$5,354$4,230$3,309$2,567$1,977$1,473
23 years$5,067$3,956$3,055$2,338$1,774$1,300
24 years$4,805$3,707$2,826$2,132$1,595$1,149
25 years$4,563$3,478$2,617$1,947$1,435$1,017
26 years$4,341$3,269$2,427$1,780$1,293$901
27 years$4,135$3,077$2,254$1,630$1,166$798
28 years$3,945$2,899$2,095$1,493$1,052$708
29 years$3,768$2,735$1,950$1,369$950$628
30 years$3,603$2,583$1,816$1,257$858$557
31 years$3,449$2,442$1,693$1,154$776$495
32 years$3,305$2,310$1,580$1,061$702$440
33 years$3,170$2,188$1,475$975$635$391
34 years$3,043$2,074$1,378$897$575$348
35 years$2,924$1,967$1,289$826$521$309
36 years$2,811$1,867$1,205$761$472$275
37 years$2,705$1,773$1,128$701$428$245
38 years$2,605$1,685$1,057$646$388$218
39 years$2,510$1,602$990$596$352$194
40 years$2,420$1,524$928$550$319$172
41 years$2,335$1,451$870$507$289$154
42 years$2,253$1,382$816$468$263$137
43 years$2,176$1,317$766$432$238$122
44 years$2,103$1,255$719$399$216$108
45 years$2,033$1,197$675$368$196$97
46 years$1,966$1,142$634$340$178$86
47 years$1,903$1,090$596$314$162$77
48 years$1,842$1,040$560$290$147$68
49 years$1,784$993$526$268$134$61
50 years$1,728$949$495$248$121$54

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 $5,527 every year, while hoping to spend $48,535 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: 65/27/8 Blend
71$1,770,000$1,770,000$1,770,000$1,770,000
72$1,956,241$1,862,431$1,834,996$2,080,001
73$2,104,137$1,902,049$1,844,828$2,202,686
74$2,265,491$1,941,982$1,853,362$2,330,414
75$2,441,626$1,982,194$1,860,504$2,468,697
76$2,633,995$2,022,645$1,866,155$2,618,558
77$2,844,201$2,063,293$1,870,209$2,781,123
78$3,074,007$2,104,091$1,872,558$2,957,634
79$3,325,353$2,144,989$1,873,086$3,149,456
80$3,600,377$2,185,932$1,871,672$3,358,096
81$3,901,432$2,226,859$1,868,190$3,585,212
82$4,231,110$2,267,707$1,862,507$3,832,631
83$4,592,265$2,308,407$1,854,482$4,102,367
84$4,988,040$2,348,882$1,843,971$4,396,638
85$5,421,895$2,389,053$1,830,820$4,717,887
86$5,897,644$2,428,832$1,814,867$5,068,807
87$6,419,484$2,468,125$1,795,946$5,452,366
88$6,992,041$2,506,833$1,773,880$5,871,834
89$7,620,409$2,544,847$1,748,484$6,330,814
90$8,310,198$2,582,052$1,719,566$6,833,276
91$9,067,590$2,618,325$1,686,923$7,383,597
92$9,899,393$2,653,531$1,650,344$7,986,598
93$10,813,108$2,687,531$1,609,607$8,647,595
94$11,816,996$2,720,171$1,564,480$9,372,442
95$12,920,161$2,751,291$1,514,722$10,167,596
96$14,132,631$2,780,718$1,460,078$11,040,170
97$15,465,453$2,808,267$1,400,285$11,998,002
98$16,930,799$2,833,741$1,335,064$13,049,733
99$18,542,078$2,856,931$1,264,125$14,204,885
100$20,314,063$2,877,615$1,187,168$15,473,954