Can I retire at age 72 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$156,074$154,684$153,328$152,004$150,711$146,949
2 years$77,265$75,826$74,431$73,079$71,767$68,000
3 years$50,998$49,553$48,162$46,822$45,532$41,879
4 years$37,867$36,427$35,049$33,733$32,474$28,962
5 years$29,991$28,559$27,200$25,910$24,686$21,325
6 years$24,742$23,320$21,981$20,720$19,533$16,327
7 years$20,994$19,585$18,267$17,035$15,886$12,835
8 years$18,184$16,788$15,492$14,291$13,179$10,282
9 years$16,000$14,617$13,343$12,172$11,098$8,352
10 years$14,254$12,884$11,633$10,493$9,456$6,858
11 years$12,826$11,470$10,241$9,132$8,133$5,679
12 years$11,637$10,295$9,089$8,010$7,048$4,734
13 years$10,632$9,303$8,120$7,071$6,146$3,967
14 years$9,771$8,456$7,296$6,277$5,387$3,340
15 years$9,025$7,725$6,587$5,598$4,743$2,821
16 years$8,373$7,088$5,972$5,013$4,192$2,390
17 years$7,799$6,527$5,435$4,504$3,717$2,031
18 years$7,289$6,032$4,961$4,059$3,305$1,728
19 years$6,833$5,590$4,542$3,667$2,946$1,474
20 years$6,424$5,195$4,168$3,322$2,631$1,259
21 years$6,053$4,839$3,834$3,015$2,355$1,076
22 years$5,717$4,517$3,534$2,741$2,111$921
23 years$5,411$4,224$3,263$2,496$1,895$789
24 years$5,130$3,958$3,017$2,277$1,703$676
25 years$4,873$3,714$2,795$2,079$1,532$580
26 years$4,635$3,491$2,592$1,901$1,380$498
27 years$4,416$3,285$2,407$1,740$1,245$428
28 years$4,212$3,096$2,237$1,594$1,123$368
29 years$4,023$2,920$2,082$1,462$1,014$316
30 years$3,847$2,758$1,939$1,342$916$272
31 years$3,683$2,607$1,808$1,232$828$234
32 years$3,529$2,467$1,687$1,133$749$201
33 years$3,385$2,336$1,575$1,041$678$173
34 years$3,249$2,214$1,472$958$614$149
35 years$3,122$2,100$1,376$882$556$128
36 years$3,002$1,993$1,287$812$504$110
37 years$2,888$1,893$1,205$749$457$95
38 years$2,781$1,799$1,128$690$414$82
39 years$2,680$1,711$1,057$636$375$70
40 years$2,584$1,628$991$587$341$61
41 years$2,493$1,550$929$541$309$52
42 years$2,406$1,476$871$500$280$45
43 years$2,324$1,406$818$461$254$39
44 years$2,246$1,340$768$426$231$33
45 years$2,171$1,278$721$393$210$29
46 years$2,100$1,219$677$363$190$25
47 years$2,032$1,164$636$336$173$21
48 years$1,967$1,111$598$310$157$18
49 years$1,905$1,061$562$287$143$16
50 years$1,845$1,013$528$265$129$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,890,000, adding $6,849 every year, while hoping to spend $39,990 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: 69/22/9 Blend
71$1,890,000$1,890,000$1,890,000$1,890,000
72$2,089,845$1,989,675$1,960,380$2,230,003
73$2,260,460$2,044,620$1,983,503$2,378,743
74$2,447,137$2,100,917$2,006,061$2,535,892
75$2,651,474$2,158,590$2,027,993$2,706,731
76$2,875,226$2,217,663$2,049,232$2,892,597
77$3,120,330$2,278,159$2,069,713$3,094,959
78$3,388,918$2,340,103$2,089,362$3,315,438
79$3,683,336$2,403,517$2,108,104$3,555,818
80$4,006,170$2,468,423$2,125,860$3,818,061
81$4,360,269$2,534,845$2,142,545$4,104,332
82$4,748,767$2,602,804$2,158,072$4,417,010
83$5,175,121$2,672,320$2,172,347$4,758,721
84$5,643,135$2,743,416$2,185,272$5,132,353
85$6,157,001$2,816,110$2,196,745$5,541,089
86$6,721,337$2,890,421$2,206,658$5,988,434
87$7,341,230$2,966,368$2,214,897$6,478,250
88$8,022,282$3,043,967$2,221,343$7,014,791
89$8,770,668$3,123,234$2,225,871$7,602,743
90$9,593,187$3,204,184$2,228,349$8,247,267
91$10,497,333$3,286,829$2,228,639$8,954,053
92$11,491,359$3,371,182$2,226,597$9,729,365
93$12,584,360$3,457,252$2,222,070$10,580,106
94$13,786,355$3,545,048$2,214,899$11,513,883
95$15,108,382$3,634,574$2,204,918$12,539,075
96$16,562,605$3,725,836$2,191,950$13,664,915
97$18,162,423$3,818,834$2,175,813$14,901,576
98$19,922,601$3,913,568$2,156,313$16,260,267
99$21,859,407$4,010,033$2,133,250$17,753,337
100$23,990,765$4,108,224$2,106,413$19,394,396