Can I retire at age 72 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$157,726$156,321$154,950$153,612$152,306$150,403
2 years$78,082$76,628$75,219$73,852$72,527$70,612
3 years$51,538$50,077$48,671$47,318$46,014$44,147
4 years$38,268$36,812$35,420$34,090$32,818$31,012
5 years$30,308$28,861$27,488$26,184$24,947$23,209
6 years$25,004$23,567$22,214$20,940$19,740$18,071
7 years$21,216$19,792$18,460$17,216$16,054$14,455
8 years$18,377$16,965$15,656$14,442$13,318$11,790
9 years$16,169$14,771$13,484$12,301$11,216$9,756
10 years$14,405$13,020$11,756$10,604$9,557$8,165
11 years$12,962$11,591$10,350$9,228$8,219$6,895
12 years$11,760$10,404$9,185$8,095$7,122$5,864
13 years$10,744$9,402$8,206$7,146$6,211$5,016
14 years$9,874$8,546$7,373$6,344$5,444$4,312
15 years$9,121$7,807$6,657$5,657$4,794$3,721
16 years$8,462$7,163$6,036$5,066$4,237$3,223
17 years$7,882$6,597$5,492$4,551$3,756$2,799
18 years$7,366$6,095$5,014$4,102$3,340$2,437
19 years$6,906$5,649$4,590$3,706$2,977$2,126
20 years$6,491$5,250$4,212$3,357$2,659$1,858
21 years$6,117$4,890$3,874$3,046$2,380$1,627
22 years$5,778$4,564$3,571$2,770$2,133$1,426
23 years$5,468$4,269$3,297$2,523$1,915$1,251
24 years$5,185$4,000$3,049$2,301$1,721$1,099
25 years$4,924$3,754$2,824$2,101$1,549$966
26 years$4,684$3,528$2,619$1,921$1,395$850
27 years$4,463$3,320$2,432$1,759$1,258$749
28 years$4,257$3,128$2,261$1,611$1,135$660
29 years$4,066$2,951$2,104$1,478$1,025$582
30 years$3,888$2,787$1,960$1,356$926$513
31 years$3,722$2,635$1,827$1,245$837$453
32 years$3,566$2,493$1,705$1,145$757$399
33 years$3,421$2,361$1,592$1,052$685$353
34 years$3,284$2,238$1,487$968$620$311
35 years$3,155$2,122$1,391$891$562$275
36 years$3,034$2,014$1,301$821$509$243
37 years$2,919$1,913$1,218$756$461$215
38 years$2,811$1,818$1,140$697$418$190
39 years$2,708$1,729$1,068$643$379$168
40 years$2,611$1,645$1,001$593$344$148
41 years$2,519$1,566$939$547$312$131
42 years$2,432$1,491$881$505$283$116
43 years$2,349$1,421$826$466$257$103
44 years$2,269$1,354$776$430$233$91
45 years$2,194$1,292$728$397$212$80
46 years$2,122$1,232$684$367$192$71
47 years$2,053$1,176$643$339$175$63
48 years$1,988$1,122$604$313$159$56
49 years$1,925$1,072$568$290$144$49
50 years$1,865$1,024$534$268$131$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,910,000, adding $6,850 every year, while hoping to spend $45,728 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: 85/10/5 Blend
71$1,910,000$1,910,000$1,910,000$1,910,000
72$2,111,886$2,010,656$1,981,051$2,290,833
73$2,278,644$2,060,524$1,998,762$2,458,379
74$2,460,879$2,111,302$2,015,533$2,635,415
75$2,660,121$2,162,989$2,031,286$2,828,428
76$2,878,055$2,215,577$2,045,936$3,038,992
77$3,116,536$2,269,059$2,059,394$3,268,840
78$3,377,607$2,323,428$2,071,568$3,519,880
79$3,663,517$2,378,671$2,082,361$3,794,212
80$3,976,745$2,434,774$2,091,668$4,094,150
81$4,320,017$2,491,723$2,099,384$4,422,244
82$4,696,340$2,549,497$2,105,394$4,781,299
83$5,109,020$2,608,077$2,109,579$5,174,408
84$5,561,705$2,667,437$2,111,814$5,604,975
85$6,058,408$2,727,550$2,111,968$6,076,751
86$6,603,550$2,788,385$2,109,904$6,593,868
87$7,202,004$2,849,907$2,105,477$7,160,878
88$7,859,133$2,912,078$2,098,536$7,782,796
89$8,580,850$2,974,855$2,088,922$8,465,144
90$9,373,664$3,038,191$2,076,469$9,214,008
91$10,244,749$3,102,033$2,061,002$10,036,093
92$11,202,006$3,166,325$2,042,338$10,938,785
93$12,254,141$3,231,005$2,020,286$11,930,223
94$13,410,743$3,296,005$1,994,645$13,019,372
95$14,682,379$3,361,249$1,965,207$14,216,110
96$16,080,690$3,426,659$1,931,749$15,531,324
97$17,618,501$3,492,146$1,894,043$16,977,004
98$19,309,943$3,557,615$1,851,848$18,566,366
99$21,170,583$3,622,965$1,804,912$20,313,968
100$23,217,577$3,688,084$1,752,970$22,235,854