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%12.9%
1 years$154,423$153,047$151,705$150,395$149,116$147,314
2 years$76,447$75,023$73,643$72,306$71,008$69,194
3 years$50,458$49,028$47,652$46,327$45,050$43,281
4 years$37,467$36,041$34,679$33,376$32,130$30,420
5 years$29,674$28,257$26,912$25,636$24,425$22,778
6 years$24,480$23,074$21,749$20,501$19,327$17,745
7 years$20,772$19,377$18,073$16,855$15,718$14,202
8 years$17,992$16,610$15,328$14,139$13,039$11,590
9 years$15,831$14,462$13,202$12,044$10,981$9,597
10 years$14,103$12,747$11,510$10,382$9,356$8,037
11 years$12,690$11,348$10,133$9,035$8,047$6,790
12 years$11,514$10,186$8,993$7,925$6,973$5,778
13 years$10,519$9,205$8,034$6,997$6,081$4,946
14 years$9,667$8,367$7,219$6,211$5,330$4,255
15 years$8,930$7,643$6,518$5,539$4,693$3,674
16 years$8,285$7,013$5,909$4,960$4,148$3,184
17 years$7,716$6,458$5,377$4,456$3,678$2,767
18 years$7,212$5,968$4,909$4,016$3,270$2,411
19 years$6,761$5,531$4,494$3,629$2,915$2,105
20 years$6,356$5,140$4,124$3,286$2,604$1,841
21 years$5,989$4,787$3,793$2,983$2,330$1,613
22 years$5,657$4,469$3,496$2,712$2,088$1,415
23 years$5,354$4,180$3,228$2,470$1,875$1,243
24 years$5,076$3,916$2,985$2,253$1,685$1,093
25 years$4,821$3,675$2,765$2,057$1,516$961
26 years$4,586$3,454$2,564$1,881$1,366$847
27 years$4,369$3,251$2,381$1,722$1,231$746
28 years$4,168$3,063$2,214$1,577$1,111$658
29 years$3,981$2,890$2,060$1,447$1,003$580
30 years$3,807$2,729$1,919$1,328$907$512
31 years$3,644$2,580$1,789$1,219$820$452
32 years$3,492$2,441$1,669$1,121$741$400
33 years$3,349$2,312$1,558$1,030$671$353
34 years$3,215$2,191$1,456$948$607$312
35 years$3,089$2,078$1,361$873$550$276
36 years$2,970$1,972$1,274$804$499$244
37 years$2,858$1,873$1,192$741$452$216
38 years$2,752$1,780$1,116$683$410$191
39 years$2,652$1,693$1,046$629$371$169
40 years$2,557$1,611$980$581$337$149
41 years$2,466$1,533$919$536$306$132
42 years$2,381$1,460$862$494$277$117
43 years$2,299$1,391$809$456$252$104
44 years$2,222$1,326$759$421$228$92
45 years$2,148$1,265$713$389$207$81
46 years$2,078$1,206$670$359$188$72
47 years$2,010$1,151$629$332$171$64
48 years$1,946$1,099$591$307$155$56
49 years$1,885$1,049$556$284$141$50
50 years$1,826$1,002$523$262$128$44

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 $2,150 every year, while hoping to spend $40,932 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: 27/50/23 Blend
71$1,870,000$1,870,000$1,870,000$1,870,000
72$2,062,958$1,963,848$1,934,863$2,103,645
73$2,229,828$2,016,525$1,956,129$2,188,714
74$2,412,347$2,070,411$1,976,736$2,276,265
75$2,612,069$2,125,523$1,996,619$2,369,407
76$2,830,702$2,181,876$2,015,708$2,468,640
77$3,070,130$2,239,484$2,033,930$2,574,517
78$3,332,426$2,298,363$2,051,210$2,687,643
79$3,619,875$2,358,524$2,067,467$2,808,685
80$3,934,991$2,419,980$2,082,616$2,938,378
81$4,280,545$2,482,744$2,096,568$3,077,532
82$4,659,587$2,546,824$2,109,230$3,227,037
83$5,075,477$2,612,231$2,120,502$3,387,875
84$5,531,918$2,678,973$2,130,280$3,561,126
85$6,032,986$2,747,055$2,138,457$3,747,982
86$6,583,172$2,816,482$2,144,917$3,949,754
87$7,187,424$2,887,259$2,149,541$4,167,887
88$7,851,193$2,959,386$2,152,202$4,403,974
89$8,580,481$3,032,862$2,152,767$4,659,770
90$9,381,903$3,107,686$2,151,098$4,937,208
91$10,262,746$3,183,851$2,147,049$5,238,419
92$11,231,038$3,261,351$2,140,466$5,565,752
93$12,295,622$3,340,176$2,131,190$5,921,795
94$13,466,243$3,420,312$2,119,053$6,309,400
95$14,753,636$3,501,744$2,103,877$6,731,712
96$16,169,629$3,584,451$2,085,479$7,192,195
97$17,727,254$3,668,412$2,063,665$7,694,670
98$19,440,869$3,753,599$2,038,232$8,243,346
99$21,326,293$3,839,981$2,008,969$8,842,865
100$23,400,958$3,927,523$1,975,653$9,498,341