Can I retire at age 72 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$151,120$149,774$148,460$147,178$145,927$144,825
2 years$74,812$73,418$72,068$70,759$69,489$68,378
3 years$49,379$47,980$46,633$45,336$44,087$43,001
4 years$36,665$35,270$33,937$32,662$31,443$30,391
5 years$29,039$27,652$26,336$25,088$23,902$22,888
6 years$23,956$22,580$21,284$20,063$18,913$17,937
7 years$20,327$18,963$17,687$16,495$15,381$14,443
8 years$17,607$16,255$15,000$13,837$12,760$11,861
9 years$15,492$14,153$12,919$11,786$10,746$9,885
10 years$13,801$12,475$11,263$10,160$9,156$8,333
11 years$12,419$11,106$9,916$8,842$7,875$7,089
12 years$11,267$9,968$8,800$7,756$6,824$6,074
13 years$10,294$9,008$7,862$6,847$5,951$5,237
14 years$9,460$8,188$7,064$6,078$5,216$4,537
15 years$8,739$7,480$6,378$5,421$4,593$3,948
16 years$8,108$6,863$5,783$4,853$4,059$3,447
17 years$7,551$6,320$5,262$4,361$3,599$3,019
18 years$7,058$5,840$4,804$3,930$3,200$2,651
19 years$6,616$5,413$4,398$3,551$2,852$2,333
20 years$6,220$5,030$4,036$3,216$2,548$2,057
21 years$5,861$4,685$3,712$2,919$2,280$1,817
22 years$5,536$4,373$3,421$2,654$2,044$1,607
23 years$5,239$4,090$3,159$2,417$1,835$1,423
24 years$4,967$3,832$2,922$2,204$1,649$1,262
25 years$4,718$3,596$2,706$2,013$1,484$1,120
26 years$4,488$3,380$2,510$1,841$1,337$995
27 years$4,276$3,181$2,330$1,685$1,205$885
28 years$4,079$2,997$2,166$1,544$1,087$787
29 years$3,896$2,828$2,016$1,416$982$700
30 years$3,725$2,670$1,878$1,299$887$624
31 years$3,566$2,524$1,751$1,193$802$556
32 years$3,417$2,389$1,633$1,097$726$495
33 years$3,277$2,262$1,525$1,008$657$442
34 years$3,146$2,144$1,425$928$594$394
35 years$3,023$2,034$1,332$854$538$352
36 years$2,906$1,930$1,246$787$488$314
37 years$2,797$1,833$1,167$725$442$280
38 years$2,693$1,742$1,092$668$401$250
39 years$2,595$1,657$1,023$616$364$223
40 years$2,502$1,576$959$568$330$200
41 years$2,414$1,500$899$524$299$178
42 years$2,330$1,429$844$484$271$159
43 years$2,250$1,361$792$447$246$142
44 years$2,174$1,298$743$412$224$127
45 years$2,102$1,237$698$381$203$114
46 years$2,033$1,181$655$352$184$102
47 years$1,967$1,127$616$325$167$91
48 years$1,904$1,075$579$300$152$81
49 years$1,844$1,027$544$278$138$73
50 years$1,787$981$511$257$125$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,830,000, adding $4,787 every year, while hoping to spend $59,468 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: 49/21/30 Blend
71$1,830,000$1,830,000$1,830,000$1,830,000
72$2,021,598$1,924,608$1,896,243$2,103,177
73$2,164,527$1,955,640$1,896,493$2,192,067
74$2,320,042$1,986,200$1,894,759$2,282,376
75$2,489,364$2,016,201$1,890,911$2,379,367
76$2,673,836$2,045,552$1,884,814$2,483,702
77$2,874,937$2,074,153$1,876,324$2,596,115
78$3,094,294$2,101,900$1,865,294$2,717,414
79$3,333,697$2,128,678$1,851,567$2,848,494
80$3,595,119$2,154,368$1,834,979$2,990,342
81$3,880,730$2,178,841$1,815,360$3,144,048
82$4,192,918$2,201,958$1,792,528$3,310,817
83$4,534,315$2,223,573$1,766,297$3,491,978
84$4,907,816$2,243,530$1,736,469$3,689,001
85$5,316,611$2,261,661$1,702,839$3,903,506
86$5,764,212$2,277,788$1,665,190$4,137,284
87$6,254,485$2,291,723$1,623,298$4,392,312
88$6,791,689$2,303,264$1,576,924$4,670,773
89$7,380,514$2,312,197$1,525,824$4,975,074
90$8,026,125$2,318,293$1,469,738$5,307,875
91$8,734,212$2,321,312$1,408,397$5,672,111
92$9,511,041$2,320,995$1,341,517$6,071,022
93$10,363,513$2,317,070$1,268,804$6,508,183
94$11,299,231$2,309,246$1,189,949$6,987,541
95$12,326,570$2,297,217$1,104,629$7,513,448
96$13,454,754$2,280,654$1,012,508$8,090,712
97$14,693,945$2,259,213$913,234$8,724,633
98$16,055,339$2,232,525$806,438$9,421,062
99$17,551,266$2,200,202$691,736$10,186,454
100$19,195,314$2,161,830$568,729$11,027,929