Can I retire at age 72 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$153,597$152,229$150,894$149,591$148,319$146,344
2 years$76,038$74,622$73,250$71,919$70,628$68,642
3 years$50,189$48,766$47,397$46,079$44,809$42,873
4 years$37,266$35,848$34,493$33,197$31,958$30,087
5 years$29,515$28,106$26,768$25,499$24,294$22,494
6 years$24,349$22,950$21,633$20,392$19,223$17,495
7 years$20,661$19,274$17,977$16,765$15,634$13,979
8 years$17,896$16,521$15,246$14,064$12,970$11,388
9 years$15,746$14,385$13,131$11,979$10,922$9,413
10 years$14,027$12,679$11,448$10,326$9,306$7,868
11 years$12,622$11,288$10,079$8,987$8,004$6,636
12 years$11,452$10,131$8,945$7,883$6,936$5,636
13 years$10,463$9,156$7,991$6,959$6,048$4,815
14 years$9,615$8,322$7,180$6,178$5,302$4,133
15 years$8,882$7,602$6,483$5,509$4,668$3,563
16 years$8,241$6,975$5,878$4,933$4,126$3,081
17 years$7,675$6,424$5,348$4,432$3,658$2,672
18 years$7,173$5,936$4,882$3,994$3,253$2,323
19 years$6,725$5,501$4,470$3,609$2,899$2,024
20 years$6,322$5,112$4,102$3,269$2,590$1,766
21 years$5,957$4,762$3,773$2,967$2,317$1,544
22 years$5,626$4,445$3,477$2,697$2,077$1,351
23 years$5,325$4,157$3,211$2,457$1,865$1,184
24 years$5,049$3,895$2,969$2,241$1,676$1,038
25 years$4,795$3,655$2,750$2,046$1,508$912
26 years$4,562$3,435$2,551$1,871$1,358$801
27 years$4,346$3,233$2,369$1,713$1,225$704
28 years$4,146$3,047$2,202$1,569$1,105$619
29 years$3,959$2,874$2,049$1,439$998$545
30 years$3,786$2,714$1,909$1,321$902$480
31 years$3,624$2,566$1,779$1,213$815$423
32 years$3,473$2,428$1,660$1,115$737$373
33 years$3,331$2,299$1,550$1,025$667$328
34 years$3,198$2,179$1,448$943$604$289
35 years$3,072$2,067$1,354$868$547$255
36 years$2,954$1,962$1,267$800$496$225
37 years$2,843$1,863$1,186$737$449$199
38 years$2,737$1,771$1,110$679$407$175
39 years$2,637$1,684$1,040$626$369$155
40 years$2,543$1,602$975$577$335$137
41 years$2,453$1,525$914$533$304$120
42 years$2,368$1,452$858$492$276$106
43 years$2,287$1,384$805$454$250$94
44 years$2,210$1,319$755$419$227$83
45 years$2,136$1,258$709$387$206$73
46 years$2,066$1,200$666$358$187$65
47 years$2,000$1,145$626$330$170$57
48 years$1,936$1,093$588$305$154$50
49 years$1,874$1,044$553$282$140$45
50 years$1,816$997$520$261$127$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,860,000, adding $2,731 every year, while hoping to spend $46,166 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: 63/25/12 Blend
71$1,860,000$1,860,000$1,860,000$1,860,000
72$2,052,537$1,953,957$1,925,127$2,175,947
73$2,212,776$2,000,581$1,940,499$2,305,510
74$2,387,811$2,047,942$1,954,838$2,441,354
75$2,579,104$2,096,027$1,968,061$2,588,540
76$2,788,263$2,144,823$1,980,081$2,748,170
77$3,017,058$2,194,311$1,990,806$2,921,458
78$3,267,438$2,244,472$2,000,138$3,109,741
79$3,541,550$2,295,285$2,007,976$3,314,489
80$3,841,758$2,346,724$2,014,213$3,537,325
81$4,170,665$2,398,760$2,018,737$3,780,034
82$4,531,137$2,451,364$2,021,429$4,044,584
83$4,926,331$2,504,499$2,022,165$4,333,143
84$5,359,726$2,558,129$2,020,817$4,648,098
85$5,835,150$2,612,210$2,017,247$4,992,082
86$6,356,823$2,666,696$2,011,312$5,367,992
87$6,929,391$2,721,536$2,002,863$5,779,023
88$7,557,973$2,776,674$1,991,742$6,228,695
89$8,248,205$2,832,051$1,977,785$6,720,886
90$9,006,300$2,887,599$1,960,819$7,259,870
91$9,839,100$2,943,248$1,940,663$7,850,354
92$10,754,140$2,998,920$1,917,128$8,497,529
93$11,759,726$3,054,530$1,890,015$9,207,113
94$12,865,004$3,109,988$1,859,116$9,985,407
95$14,080,053$3,165,196$1,824,215$10,839,356
96$15,415,976$3,220,048$1,785,084$11,776,611
97$16,885,005$3,274,430$1,741,484$12,805,608
98$18,500,618$3,328,220$1,693,166$13,935,640
99$20,277,663$3,381,285$1,639,870$15,176,949
100$22,232,502$3,433,485$1,581,322$16,540,823