Can I retire at age 72 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$154,423$153,047$151,705$150,395$149,116$143,654
2 years$76,447$75,023$73,643$72,306$71,008$65,566
3 years$50,458$49,028$47,652$46,327$45,050$39,799
4 years$37,467$36,041$34,679$33,376$32,130$27,110
5 years$29,674$28,257$26,912$25,636$24,425$19,649
6 years$24,480$23,074$21,749$20,501$19,327$14,798
7 years$20,772$19,377$18,073$16,855$15,718$11,436
8 years$17,992$16,610$15,328$14,139$13,039$9,000
9 years$15,831$14,462$13,202$12,044$10,981$7,179
10 years$14,103$12,747$11,510$10,382$9,356$5,785
11 years$12,690$11,348$10,133$9,035$8,047$4,699
12 years$11,514$10,186$8,993$7,925$6,973$3,840
13 years$10,519$9,205$8,034$6,997$6,081$3,153
14 years$9,667$8,367$7,219$6,211$5,330$2,600
15 years$8,930$7,643$6,518$5,539$4,693$2,150
16 years$8,285$7,013$5,909$4,960$4,148$1,783
17 years$7,716$6,458$5,377$4,456$3,678$1,481
18 years$7,212$5,968$4,909$4,016$3,270$1,233
19 years$6,761$5,531$4,494$3,629$2,915$1,028
20 years$6,356$5,140$4,124$3,286$2,604$858
21 years$5,989$4,787$3,793$2,983$2,330$717
22 years$5,657$4,469$3,496$2,712$2,088$599
23 years$5,354$4,180$3,228$2,470$1,875$501
24 years$5,076$3,916$2,985$2,253$1,685$420
25 years$4,821$3,675$2,765$2,057$1,516$352
26 years$4,586$3,454$2,564$1,881$1,366$295
27 years$4,369$3,251$2,381$1,722$1,231$247
28 years$4,168$3,063$2,214$1,577$1,111$207
29 years$3,981$2,890$2,060$1,447$1,003$174
30 years$3,807$2,729$1,919$1,328$907$146
31 years$3,644$2,580$1,789$1,219$820$122
32 years$3,492$2,441$1,669$1,121$741$103
33 years$3,349$2,312$1,558$1,030$671$86
34 years$3,215$2,191$1,456$948$607$72
35 years$3,089$2,078$1,361$873$550$61
36 years$2,970$1,972$1,274$804$499$51
37 years$2,858$1,873$1,192$741$452$43
38 years$2,752$1,780$1,116$683$410$36
39 years$2,652$1,693$1,046$629$371$30
40 years$2,557$1,611$980$581$337$25
41 years$2,466$1,533$919$536$306$21
42 years$2,381$1,460$862$494$277$18
43 years$2,299$1,391$809$456$252$15
44 years$2,222$1,326$759$421$228$13
45 years$2,148$1,265$713$389$207$11
46 years$2,078$1,206$670$359$188$9
47 years$2,010$1,151$629$332$171$7
48 years$1,946$1,099$591$307$155$6
49 years$1,885$1,049$556$284$141$5
50 years$1,826$1,002$523$262$128$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,870,000, adding $6,872 every year, while hoping to spend $25,550 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: 33/40/27 Blend
71$1,870,000$1,870,000$1,870,000$1,870,000
72$2,067,828$1,968,718$1,939,733$2,118,892
73$2,251,562$2,038,001$1,977,530$2,227,462
74$2,453,180$2,109,821$2,015,735$2,341,632
75$2,674,480$2,184,278$2,054,338$2,464,179
76$2,917,441$2,261,472$2,093,323$2,595,860
77$3,184,244$2,341,508$2,132,673$2,737,508
78$3,477,292$2,424,497$2,172,373$2,890,039
79$3,799,231$2,510,553$2,212,402$3,054,456
80$4,152,976$2,599,793$2,252,741$3,231,865
81$4,541,739$2,692,343$2,293,368$3,423,479
82$4,969,059$2,788,330$2,334,258$3,630,633
83$5,438,833$2,887,888$2,375,385$3,854,793
84$5,955,356$2,991,157$2,416,723$4,097,571
85$6,523,360$3,098,281$2,458,241$4,360,741
86$7,148,059$3,209,413$2,499,908$4,646,254
87$7,835,194$3,324,708$2,541,689$4,956,254
88$8,591,096$3,444,330$2,583,547$5,293,102
89$9,422,736$3,568,451$2,625,444$5,659,394
90$10,337,797$3,697,247$2,667,339$6,057,985
91$11,344,744$3,830,903$2,709,186$6,492,021
92$12,452,902$3,969,612$2,750,938$6,964,960
93$13,672,549$4,113,574$2,792,545$7,480,610
94$15,015,008$4,262,997$2,833,954$8,043,161
95$16,492,754$4,418,100$2,875,107$8,657,225
96$18,119,537$4,579,109$2,915,945$9,327,882
97$19,910,504$4,746,260$2,956,404$10,060,720
98$21,882,347$4,919,798$2,996,415$10,861,894
99$24,053,459$5,099,981$3,035,907$11,738,181
100$26,444,106$5,287,074$3,074,805$12,697,042