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%15.5%
1 years$154,423$153,047$151,705$150,395$149,116$145,748
2 years$76,447$75,023$73,643$72,306$71,008$67,633
3 years$50,458$49,028$47,652$46,327$45,050$41,773
4 years$37,467$36,041$34,679$33,376$32,130$28,977
5 years$29,674$28,257$26,912$25,636$24,425$21,404
6 years$24,480$23,074$21,749$20,501$19,327$16,441
7 years$20,772$19,377$18,073$16,855$15,718$12,968
8 years$17,992$16,610$15,328$14,139$13,039$10,425
9 years$15,831$14,462$13,202$12,044$10,981$8,499
10 years$14,103$12,747$11,510$10,382$9,356$7,005
11 years$12,690$11,348$10,133$9,035$8,047$5,823
12 years$11,514$10,186$8,993$7,925$6,973$4,873
13 years$10,519$9,205$8,034$6,997$6,081$4,100
14 years$9,667$8,367$7,219$6,211$5,330$3,466
15 years$8,930$7,643$6,518$5,539$4,693$2,940
16 years$8,285$7,013$5,909$4,960$4,148$2,502
17 years$7,716$6,458$5,377$4,456$3,678$2,134
18 years$7,212$5,968$4,909$4,016$3,270$1,825
19 years$6,761$5,531$4,494$3,629$2,915$1,563
20 years$6,356$5,140$4,124$3,286$2,604$1,341
21 years$5,989$4,787$3,793$2,983$2,330$1,152
22 years$5,657$4,469$3,496$2,712$2,088$990
23 years$5,354$4,180$3,228$2,470$1,875$852
24 years$5,076$3,916$2,985$2,253$1,685$734
25 years$4,821$3,675$2,765$2,057$1,516$633
26 years$4,586$3,454$2,564$1,881$1,366$546
27 years$4,369$3,251$2,381$1,722$1,231$471
28 years$4,168$3,063$2,214$1,577$1,111$407
29 years$3,981$2,890$2,060$1,447$1,003$351
30 years$3,807$2,729$1,919$1,328$907$304
31 years$3,644$2,580$1,789$1,219$820$262
32 years$3,492$2,441$1,669$1,121$741$227
33 years$3,349$2,312$1,558$1,030$671$196
34 years$3,215$2,191$1,456$948$607$170
35 years$3,089$2,078$1,361$873$550$147
36 years$2,970$1,972$1,274$804$499$127
37 years$2,858$1,873$1,192$741$452$110
38 years$2,752$1,780$1,116$683$410$95
39 years$2,652$1,693$1,046$629$371$82
40 years$2,557$1,611$980$581$337$71
41 years$2,466$1,533$919$536$306$62
42 years$2,381$1,460$862$494$277$53
43 years$2,299$1,391$809$456$252$46
44 years$2,222$1,326$759$421$228$40
45 years$2,148$1,265$713$389$207$35
46 years$2,078$1,206$670$359$188$30
47 years$2,010$1,151$629$332$171$26
48 years$1,946$1,099$591$307$155$22
49 years$1,885$1,049$556$284$141$19
50 years$1,826$1,002$523$262$128$17

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 $4,168 every year, while hoping to spend $34,828 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: 29/44/27 Blend
71$1,870,000$1,870,000$1,870,000$1,870,000
72$2,065,039$1,965,929$1,936,944$2,107,575
73$2,238,617$2,025,203$1,964,775$2,200,661
74$2,428,731$2,086,214$1,992,371$2,297,349
75$2,637,034$2,149,010$2,019,688$2,400,597
76$2,865,341$2,213,642$2,046,677$2,510,997
77$3,115,655$2,280,159$2,073,290$2,629,197
78$3,390,179$2,348,614$2,099,472$2,755,912
79$3,691,342$2,419,061$2,125,169$2,891,925
80$4,021,817$2,491,553$2,150,320$3,038,101
81$4,384,550$2,566,147$2,174,864$3,195,389
82$4,782,786$2,642,900$2,198,734$3,364,834
83$5,220,099$2,721,871$2,221,860$3,547,586
84$5,700,427$2,803,120$2,244,170$3,744,912
85$6,228,105$2,886,708$2,265,584$3,958,203
86$6,807,914$2,972,698$2,286,023$4,188,993
87$7,445,116$3,061,155$2,305,400$4,438,970
88$8,145,510$3,152,145$2,323,623$4,709,993
89$8,915,486$3,245,734$2,340,599$5,004,108
90$9,762,083$3,341,992$2,356,225$5,323,568
91$10,693,054$3,440,988$2,370,398$5,670,854
92$11,716,945$3,542,796$2,383,005$6,048,700
93$12,843,168$3,647,488$2,393,931$6,460,116
94$14,082,095$3,755,139$2,403,052$6,908,415
95$15,445,155$3,865,826$2,410,240$7,397,251
96$16,944,937$3,979,628$2,415,359$7,930,645
97$18,595,314$4,096,623$2,418,267$8,513,028
98$20,411,573$4,216,894$2,418,816$9,149,281
99$22,410,555$4,340,524$2,416,848$9,844,782
100$24,610,820$4,467,598$2,412,200$10,605,455