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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$158,552$157,140$155,762$154,417$153,103$151,128
2 years$78,491$77,029$75,612$74,239$72,906$70,919
3 years$51,808$50,339$48,926$47,566$46,255$44,317
4 years$38,468$37,005$35,606$34,268$32,989$31,116
5 years$30,467$29,012$27,632$26,321$25,078$23,275
6 years$25,135$23,691$22,330$21,049$19,843$18,113
7 years$21,327$19,895$18,557$17,306$16,138$14,480
8 years$18,473$17,054$15,738$14,517$13,388$11,803
9 years$16,254$14,849$13,555$12,366$11,275$9,762
10 years$14,480$13,088$11,817$10,659$9,607$8,165
11 years$13,029$11,652$10,404$9,277$8,262$6,890
12 years$11,822$10,458$9,233$8,137$7,160$5,856
13 years$10,800$9,451$8,249$7,184$6,243$5,006
14 years$9,926$8,591$7,412$6,377$5,473$4,300
15 years$9,168$7,848$6,692$5,687$4,819$3,709
16 years$8,506$7,200$6,067$5,092$4,259$3,210
17 years$7,923$6,631$5,521$4,575$3,776$2,786
18 years$7,405$6,127$5,040$4,123$3,358$2,423
19 years$6,942$5,679$4,614$3,726$2,993$2,113
20 years$6,525$5,277$4,234$3,374$2,673$1,845
21 years$6,149$4,915$3,895$3,062$2,392$1,614
22 years$5,808$4,588$3,590$2,784$2,144$1,414
23 years$5,497$4,291$3,314$2,536$1,925$1,240
24 years$5,212$4,021$3,065$2,313$1,730$1,088
25 years$4,950$3,773$2,839$2,112$1,557$956
26 years$4,709$3,546$2,633$1,931$1,402$841
27 years$4,486$3,337$2,445$1,768$1,264$740
28 years$4,279$3,145$2,273$1,620$1,141$651
29 years$4,087$2,967$2,115$1,485$1,030$574
30 years$3,908$2,802$1,970$1,363$931$505
31 years$3,741$2,649$1,837$1,252$841$446
32 years$3,585$2,506$1,714$1,151$761$393
33 years$3,438$2,373$1,600$1,058$689$347
34 years$3,301$2,249$1,495$973$624$306
35 years$3,171$2,134$1,398$896$565$270
36 years$3,049$2,025$1,308$825$512$238
37 years$2,934$1,923$1,224$760$464$210
38 years$2,825$1,828$1,146$701$421$186
39 years$2,723$1,738$1,074$646$381$164
40 years$2,625$1,654$1,006$596$346$145
41 years$2,532$1,574$944$550$314$128
42 years$2,444$1,499$885$508$285$113
43 years$2,361$1,428$831$469$258$100
44 years$2,281$1,362$780$433$235$88
45 years$2,205$1,298$732$400$213$78
46 years$2,133$1,239$688$369$193$69
47 years$2,064$1,182$646$341$176$61
48 years$1,998$1,128$607$315$159$54
49 years$1,935$1,078$571$291$145$48
50 years$1,875$1,029$536$269$132$42

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 $3,825 every year, while hoping to spend $35,588 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: 71/18/11 Blend
71$1,920,000$1,920,000$1,920,000$1,920,000
72$2,119,785$2,018,025$1,988,265$2,265,307
73$2,298,138$2,079,043$2,017,007$2,423,193
74$2,493,490$2,141,858$2,045,519$2,591,244
75$2,707,538$2,206,521$2,073,755$2,774,243
76$2,942,149$2,273,083$2,101,668$2,973,657
77$3,199,382$2,341,597$2,129,208$3,191,100
78$3,481,502$2,412,119$2,156,319$3,428,349
79$3,791,005$2,484,703$2,182,946$3,687,362
80$4,130,641$2,559,407$2,209,028$3,970,292
81$4,503,438$2,636,290$2,234,502$4,279,515
82$4,912,732$2,715,411$2,259,301$4,617,643
83$5,362,197$2,796,832$2,283,354$4,987,556
84$5,855,881$2,880,616$2,306,586$5,392,424
85$6,398,242$2,966,829$2,328,919$5,835,738
86$6,994,195$3,055,535$2,350,269$6,321,347
87$7,649,149$3,146,802$2,370,549$6,853,486
88$8,369,067$3,240,701$2,389,668$7,436,825
89$9,160,518$3,337,301$2,407,528$8,076,503
90$10,030,737$3,436,675$2,424,026$8,778,186
91$10,987,699$3,538,898$2,439,057$9,548,114
92$12,040,185$3,644,046$2,452,507$10,393,161
93$13,197,875$3,752,195$2,464,257$11,320,900
94$14,471,432$3,863,426$2,474,183$12,339,675
95$15,872,604$3,977,820$2,482,154$13,458,680
96$17,414,335$4,095,459$2,488,032$14,688,043
97$19,110,889$4,216,428$2,491,673$16,038,923
98$20,977,980$4,340,814$2,492,925$17,523,614
99$23,032,925$4,468,704$2,491,629$19,155,665
100$25,294,803$4,600,190$2,487,618$20,950,002