Can I retire at age 72 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$158,552$157,140$155,762$154,417$153,103$151,694
2 years$78,491$77,029$75,612$74,239$72,906$71,486
3 years$51,808$50,339$48,926$47,566$46,255$44,868
4 years$38,468$37,005$35,606$34,268$32,989$31,647
5 years$30,467$29,012$27,632$26,321$25,078$23,783
6 years$25,135$23,691$22,330$21,049$19,843$18,598
7 years$21,327$19,895$18,557$17,306$16,138$14,943
8 years$18,473$17,054$15,738$14,517$13,388$12,243
9 years$16,254$14,849$13,555$12,366$11,275$10,180
10 years$14,480$13,088$11,817$10,659$9,607$8,561
11 years$13,029$11,652$10,404$9,277$8,262$7,265
12 years$11,822$10,458$9,233$8,137$7,160$6,210
13 years$10,800$9,451$8,249$7,184$6,243$5,340
14 years$9,926$8,591$7,412$6,377$5,473$4,614
15 years$9,168$7,848$6,692$5,687$4,819$4,004
16 years$8,506$7,200$6,067$5,092$4,259$3,487
17 years$7,923$6,631$5,521$4,575$3,776$3,045
18 years$7,405$6,127$5,040$4,123$3,358$2,666
19 years$6,942$5,679$4,614$3,726$2,993$2,340
20 years$6,525$5,277$4,234$3,374$2,673$2,057
21 years$6,149$4,915$3,895$3,062$2,392$1,811
22 years$5,808$4,588$3,590$2,784$2,144$1,598
23 years$5,497$4,291$3,314$2,536$1,925$1,411
24 years$5,212$4,021$3,065$2,313$1,730$1,247
25 years$4,950$3,773$2,839$2,112$1,557$1,103
26 years$4,709$3,546$2,633$1,931$1,402$977
27 years$4,486$3,337$2,445$1,768$1,264$866
28 years$4,279$3,145$2,273$1,620$1,141$768
29 years$4,087$2,967$2,115$1,485$1,030$681
30 years$3,908$2,802$1,970$1,363$931$605
31 years$3,741$2,649$1,837$1,252$841$537
32 years$3,585$2,506$1,714$1,151$761$477
33 years$3,438$2,373$1,600$1,058$689$424
34 years$3,301$2,249$1,495$973$624$377
35 years$3,171$2,134$1,398$896$565$335
36 years$3,049$2,025$1,308$825$512$298
37 years$2,934$1,923$1,224$760$464$265
38 years$2,825$1,828$1,146$701$421$236
39 years$2,723$1,738$1,074$646$381$210
40 years$2,625$1,654$1,006$596$346$187
41 years$2,532$1,574$944$550$314$167
42 years$2,444$1,499$885$508$285$148
43 years$2,361$1,428$831$469$258$132
44 years$2,281$1,362$780$433$235$118
45 years$2,205$1,298$732$400$213$105
46 years$2,133$1,239$688$369$193$93
47 years$2,064$1,182$646$341$176$83
48 years$1,998$1,128$607$315$159$74
49 years$1,935$1,078$571$291$145$66
50 years$1,875$1,029$536$269$132$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,920,000, adding $5,379 every year, while hoping to spend $31,634 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: 72/13/15 Blend
71$1,920,000$1,920,000$1,920,000$1,920,000
72$2,121,388$2,019,628$1,989,868$2,266,620
73$2,304,112$2,084,932$2,022,871$2,428,948
74$2,504,413$2,152,375$2,055,918$2,602,285
75$2,724,050$2,222,029$2,088,979$2,791,271
76$2,964,963$2,293,968$2,122,020$2,997,449
77$3,229,286$2,368,269$2,155,004$3,222,517
78$3,519,369$2,445,010$2,187,892$3,468,346
79$3,837,802$2,524,273$2,220,644$3,736,995
80$4,187,438$2,606,143$2,253,216$4,030,733
81$4,571,420$2,690,707$2,285,563$4,352,058
82$4,993,210$2,778,057$2,317,633$4,703,722
83$5,456,620$2,868,284$2,349,377$5,088,755
84$5,965,853$2,961,487$2,380,738$5,510,494
85$6,525,536$3,057,766$2,411,659$5,972,619
86$7,140,768$3,157,224$2,442,077$6,479,178
87$7,817,167$3,259,969$2,471,928$7,034,633
88$8,560,922$3,366,112$2,501,141$7,643,901
89$9,378,852$3,475,767$2,529,646$8,312,395
90$10,278,469$3,589,054$2,557,363$9,046,081
91$11,268,051$3,706,096$2,584,213$9,851,531
92$12,356,718$3,827,020$2,610,109$10,735,985
93$13,554,517$3,951,958$2,634,962$11,707,419
94$14,872,520$4,081,047$2,658,676$12,774,623
95$16,322,927$4,214,427$2,681,150$13,947,279
96$17,919,176$4,352,245$2,702,280$15,236,055
97$19,676,080$4,494,653$2,721,954$16,652,706
98$21,609,956$4,641,807$2,740,056$18,210,184
99$23,738,785$4,793,869$2,756,461$19,922,757
100$26,082,380$4,951,007$2,771,042$21,806,150