Can I retire at age 72 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$151,945$150,592$149,272$147,983$146,724$144,711
2 years$75,221$73,820$72,462$71,146$69,869$67,844
3 years$49,649$48,242$46,888$45,584$44,328$42,354
4 years$36,866$35,463$34,122$32,840$31,615$29,708
5 years$29,198$27,803$26,480$25,225$24,033$22,198
6 years$24,087$22,704$21,400$20,172$19,017$17,256
7 years$20,438$19,066$17,783$16,585$15,466$13,780
8 years$17,703$16,343$15,082$13,913$12,830$11,220
9 years$15,577$14,230$12,990$11,850$10,805$9,268
10 years$13,877$12,543$11,325$10,215$9,206$7,743
11 years$12,487$11,166$9,970$8,890$7,918$6,526
12 years$11,329$10,022$8,848$7,798$6,861$5,539
13 years$10,350$9,057$7,905$6,884$5,983$4,729
14 years$9,512$8,233$7,103$6,111$5,245$4,057
15 years$8,786$7,521$6,413$5,450$4,618$3,494
16 years$8,152$6,900$5,814$4,880$4,081$3,020
17 years$7,593$6,355$5,291$4,385$3,619$2,617
18 years$7,096$5,872$4,830$3,951$3,218$2,274
19 years$6,652$5,442$4,422$3,570$2,868$1,979
20 years$6,254$5,057$4,058$3,234$2,562$1,726
21 years$5,893$4,711$3,732$2,935$2,292$1,508
22 years$5,566$4,397$3,440$2,668$2,055$1,318
23 years$5,268$4,113$3,176$2,430$1,845$1,154
24 years$4,995$3,853$2,938$2,216$1,658$1,012
25 years$4,744$3,616$2,721$2,024$1,492$888
26 years$4,513$3,398$2,523$1,851$1,344$779
27 years$4,299$3,198$2,343$1,694$1,212$684
28 years$4,101$3,014$2,178$1,552$1,093$602
29 years$3,917$2,843$2,027$1,423$987$529
30 years$3,745$2,685$1,888$1,306$892$465
31 years$3,585$2,538$1,760$1,200$806$410
32 years$3,436$2,402$1,642$1,103$729$361
33 years$3,295$2,274$1,533$1,014$660$318
34 years$3,163$2,156$1,433$933$598$280
35 years$3,039$2,045$1,340$859$541$247
36 years$2,922$1,941$1,253$791$491$217
37 years$2,812$1,843$1,173$729$445$191
38 years$2,708$1,752$1,098$672$403$169
39 years$2,609$1,666$1,029$619$365$149
40 years$2,516$1,585$965$571$332$131
41 years$2,427$1,509$904$527$301$116
42 years$2,343$1,437$848$486$273$102
43 years$2,262$1,369$796$449$248$90
44 years$2,186$1,305$747$415$225$79
45 years$2,114$1,244$702$383$204$70
46 years$2,044$1,187$659$354$185$62
47 years$1,978$1,133$619$327$168$55
48 years$1,915$1,081$582$302$153$48
49 years$1,854$1,033$547$279$139$42
50 years$1,796$986$514$258$126$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,840,000, adding $2,048 every year, while hoping to spend $46,961 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: 21/49/30 Blend
71$1,840,000$1,840,000$1,840,000$1,840,000
72$2,029,793$1,932,273$1,903,753$2,053,083
73$2,186,865$1,976,988$1,917,562$2,119,588
74$2,358,385$2,022,320$1,930,260$2,186,607
75$2,545,777$2,068,250$1,941,760$2,257,237
76$2,750,608$2,114,756$1,951,971$2,331,803
77$2,974,605$2,161,814$1,960,797$2,410,660
78$3,219,667$2,209,395$1,968,136$2,494,204
79$3,487,887$2,257,470$1,973,883$2,582,871
80$3,781,571$2,306,005$1,977,927$2,677,141
81$4,103,254$2,354,962$1,980,151$2,777,548
82$4,455,732$2,404,301$1,980,432$2,884,678
83$4,842,082$2,453,977$1,978,641$2,999,181
84$5,265,693$2,503,941$1,974,645$3,121,776
85$5,730,299$2,554,140$1,968,301$3,253,253
86$6,240,012$2,604,514$1,959,461$3,394,489
87$6,799,359$2,655,002$1,947,969$3,546,452
88$7,413,330$2,705,533$1,933,662$3,710,210
89$8,087,420$2,756,034$1,916,370$3,886,944
90$8,827,681$2,806,425$1,895,913$4,077,957
91$9,640,783$2,856,618$1,872,105$4,284,691
92$10,534,071$2,906,520$1,844,748$4,508,736
93$11,515,637$2,956,030$1,813,637$4,751,851
94$12,594,395$3,005,039$1,778,558$5,015,974
95$13,780,169$3,053,431$1,739,285$5,303,251
96$15,083,777$3,101,080$1,695,582$5,616,046
97$16,517,141$3,147,852$1,647,203$5,956,975
98$18,093,395$3,193,603$1,593,890$6,328,922
99$19,827,010$3,238,178$1,535,373$6,735,074
100$21,733,928$3,281,411$1,471,371$7,178,947