Can I retire at age 72 with 1,850,000?

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 $1,850,000?

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$152,771$151,410$150,083$148,787$147,522$146,164
2 years$75,629$74,221$72,856$71,532$70,248$68,880
3 years$49,919$48,504$47,142$45,831$44,568$43,232
4 years$37,066$35,656$34,308$33,019$31,787$30,493
5 years$29,356$27,954$26,624$25,362$24,164$22,916
6 years$24,218$22,827$21,516$20,282$19,120$17,920
7 years$20,550$19,170$17,880$16,675$15,550$14,398
8 years$17,799$16,432$15,164$13,988$12,900$11,797
9 years$15,661$14,307$13,061$11,915$10,864$9,809
10 years$13,952$12,611$11,386$10,271$9,256$8,249
11 years$12,554$11,227$10,024$8,939$7,961$7,000
12 years$11,391$10,077$8,896$7,840$6,899$5,983
13 years$10,407$9,106$7,948$6,922$6,016$5,145
14 years$9,564$8,277$7,142$6,144$5,273$4,446
15 years$8,834$7,562$6,448$5,480$4,643$3,858
16 years$8,196$6,938$5,846$4,907$4,104$3,360
17 years$7,634$6,389$5,320$4,408$3,638$2,934
18 years$7,135$5,904$4,856$3,973$3,235$2,569
19 years$6,689$5,472$4,446$3,590$2,884$2,254
20 years$6,288$5,085$4,080$3,251$2,576$1,982
21 years$5,925$4,736$3,753$2,951$2,305$1,745
22 years$5,596$4,421$3,459$2,683$2,066$1,539
23 years$5,296$4,135$3,194$2,443$1,855$1,359
24 years$5,022$3,874$2,953$2,229$1,667$1,201
25 years$4,770$3,636$2,736$2,035$1,500$1,063
26 years$4,537$3,417$2,537$1,861$1,351$941
27 years$4,322$3,216$2,356$1,703$1,218$834
28 years$4,123$3,030$2,190$1,561$1,099$740
29 years$3,938$2,859$2,038$1,431$993$656
30 years$3,766$2,700$1,898$1,313$897$583
31 years$3,605$2,552$1,770$1,206$811$517
32 years$3,454$2,415$1,651$1,109$733$460
33 years$3,313$2,287$1,542$1,019$664$409
34 years$3,180$2,167$1,441$938$601$363
35 years$3,056$2,056$1,347$863$544$323
36 years$2,938$1,951$1,260$795$493$287
37 years$2,827$1,853$1,179$733$447$256
38 years$2,722$1,761$1,104$675$405$227
39 years$2,623$1,675$1,035$623$367$202
40 years$2,529$1,593$970$574$333$180
41 years$2,440$1,517$909$530$302$160
42 years$2,355$1,444$853$489$274$143
43 years$2,275$1,376$800$451$249$127
44 years$2,198$1,312$751$417$226$113
45 years$2,125$1,251$705$385$205$101
46 years$2,055$1,193$663$356$186$90
47 years$1,989$1,139$622$329$169$80
48 years$1,925$1,087$585$304$154$71
49 years$1,864$1,038$550$281$140$64
50 years$1,806$992$517$259$127$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,850,000, adding $6,962 every year, while hoping to spend $20,814 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: 66/24/10 Blend
71$1,850,000$1,850,000$1,850,000$1,850,000
72$2,045,881$1,947,831$1,919,156$2,176,149
73$2,232,415$2,021,129$1,961,302$2,337,046
74$2,437,278$2,097,321$2,004,162$2,509,716
75$2,662,317$2,176,527$2,047,739$2,697,895
76$2,909,568$2,258,871$2,092,032$2,903,096
77$3,181,273$2,344,485$2,137,045$3,126,981
78$3,479,903$2,433,504$2,182,775$3,371,383
79$3,808,177$2,526,070$2,229,223$3,638,316
80$4,169,096$2,622,332$2,276,386$3,929,998
81$4,565,961$2,722,444$2,324,262$4,248,870
82$5,002,413$2,826,567$2,372,849$4,597,619
83$5,482,461$2,934,871$2,422,141$4,979,204
84$6,010,522$3,047,529$2,472,133$5,396,881
85$6,591,464$3,164,727$2,522,818$5,854,237
86$7,230,650$3,286,656$2,574,189$6,355,219
87$7,933,989$3,413,515$2,626,237$6,904,175
88$8,707,992$3,545,513$2,678,952$7,505,892
89$9,559,832$3,682,868$2,732,322$8,165,640
90$10,497,414$3,825,808$2,786,334$8,889,225
91$11,529,448$3,974,570$2,840,974$9,683,041
92$12,665,530$4,129,402$2,896,225$10,554,127
93$13,916,235$4,290,564$2,952,069$11,510,239
94$15,293,214$4,458,325$3,008,487$12,559,917
95$16,809,308$4,632,968$3,065,457$13,712,569
96$18,478,663$4,814,789$3,122,955$14,978,555
97$20,316,868$5,004,096$3,180,956$16,369,290
98$22,341,102$5,201,210$3,239,431$17,897,346
99$24,570,293$5,406,467$3,298,351$19,576,571
100$27,025,299$5,620,220$3,357,682$21,422,221