Can I retire at age 72 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$155,249$153,866$152,517$151,200$149,914$147,309
2 years$76,856$75,424$74,037$72,692$71,388$68,772
3 years$50,728$49,291$47,907$46,575$45,291$42,746
4 years$37,667$36,234$34,864$33,554$32,302$29,847
5 years$29,832$28,408$27,056$25,773$24,556$22,197
6 years$24,611$23,197$21,865$20,611$19,430$17,171
7 years$20,883$19,481$18,170$16,945$15,802$13,644
8 years$18,088$16,699$15,410$14,215$13,109$11,051
9 years$15,915$14,539$13,272$12,108$11,040$9,080
10 years$14,178$12,816$11,571$10,437$9,406$7,544
11 years$12,758$11,409$10,187$9,084$8,090$6,322
12 years$11,575$10,240$9,041$7,967$7,010$5,336
13 years$10,575$9,254$8,077$7,034$6,113$4,529
14 years$9,719$8,412$7,257$6,244$5,359$3,862
15 years$8,977$7,684$6,553$5,569$4,718$3,306
16 years$8,329$7,050$5,941$4,986$4,170$2,839
17 years$7,758$6,493$5,406$4,480$3,697$2,445
18 years$7,250$6,000$4,935$4,037$3,288$2,110
19 years$6,797$5,560$4,518$3,648$2,930$1,825
20 years$6,390$5,167$4,146$3,304$2,617$1,581
21 years$6,021$4,813$3,814$2,999$2,342$1,371
22 years$5,687$4,493$3,515$2,726$2,100$1,191
23 years$5,382$4,202$3,245$2,483$1,885$1,036
24 years$5,103$3,937$3,001$2,265$1,694$901
25 years$4,847$3,695$2,780$2,068$1,524$785
26 years$4,611$3,472$2,578$1,891$1,373$684
27 years$4,392$3,268$2,394$1,731$1,238$597
28 years$4,190$3,079$2,226$1,586$1,117$521
29 years$4,002$2,905$2,071$1,454$1,009$455
30 years$3,827$2,743$1,929$1,335$911$397
31 years$3,663$2,593$1,799$1,226$824$347
32 years$3,510$2,454$1,678$1,127$745$303
33 years$3,367$2,324$1,567$1,036$675$265
34 years$3,232$2,203$1,464$953$611$232
35 years$3,105$2,089$1,369$877$553$202
36 years$2,986$1,983$1,280$808$501$177
37 years$2,873$1,883$1,198$745$454$155
38 years$2,767$1,790$1,122$686$412$136
39 years$2,666$1,702$1,051$633$373$119
40 years$2,570$1,619$985$584$339$104
41 years$2,480$1,541$924$538$307$91
42 years$2,394$1,468$867$497$279$79
43 years$2,312$1,399$813$459$253$70
44 years$2,234$1,333$764$424$230$61
45 years$2,159$1,271$717$391$209$53
46 years$2,089$1,213$673$361$189$47
47 years$2,021$1,157$633$334$172$41
48 years$1,956$1,105$594$308$156$36
49 years$1,895$1,055$559$285$142$31
50 years$1,836$1,008$525$264$129$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,880,000, adding $6,478 every year, while hoping to spend $22,252 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: 61/16/23 Blend
71$1,880,000$1,880,000$1,880,000$1,880,000
72$2,078,442$1,978,802$1,949,662$2,192,217
73$2,266,767$2,052,087$1,991,300$2,343,372
74$2,473,556$2,128,218$2,033,587$2,505,267
75$2,700,667$2,207,310$2,076,521$2,681,476
76$2,950,151$2,289,483$2,120,100$2,873,396
77$3,224,263$2,374,865$2,164,320$3,082,566
78$3,525,491$2,463,586$2,209,177$3,310,676
79$3,856,572$2,555,783$2,254,666$3,559,591
80$4,220,526$2,651,600$2,300,781$3,831,361
81$4,620,677$2,751,185$2,347,514$4,128,246
82$5,060,687$2,854,694$2,394,857$4,452,730
83$5,544,592$2,962,289$2,442,800$4,807,553
84$6,076,838$3,074,140$2,491,331$5,195,728
85$6,662,325$3,190,422$2,540,440$5,620,575
86$7,306,449$3,311,319$2,590,112$6,085,751
87$8,015,158$3,437,025$2,640,332$6,595,282
88$8,795,004$3,567,739$2,691,082$7,153,602
89$9,653,206$3,703,670$2,742,346$7,765,595
90$10,597,720$3,845,037$2,794,101$8,436,642
91$11,637,311$3,992,067$2,846,327$9,172,666
92$12,781,637$4,144,999$2,898,999$9,980,194
93$14,041,340$4,304,079$2,952,091$10,866,416
94$15,428,145$4,469,568$3,005,575$11,839,252
95$16,954,974$4,641,735$3,059,421$12,907,424
96$18,636,065$4,820,863$3,113,594$14,080,544
97$20,487,104$5,007,247$3,168,061$15,369,197
98$22,525,380$5,201,193$3,222,782$16,785,049
99$24,769,941$5,403,023$3,277,717$18,340,946
100$27,241,776$5,613,073$3,332,822$20,051,047