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%16%
1 years$158,552$157,140$155,762$154,417$153,103$149,342
2 years$78,491$77,029$75,612$74,239$72,906$69,140
3 years$51,808$50,339$48,926$47,566$46,255$42,601
4 years$38,468$37,005$35,606$34,268$32,989$29,476
5 years$30,467$29,012$27,632$26,321$25,078$21,716
6 years$25,135$23,691$22,330$21,049$19,843$16,635
7 years$21,327$19,895$18,557$17,306$16,138$13,084
8 years$18,473$17,054$15,738$14,517$13,388$10,487
9 years$16,254$14,849$13,555$12,366$11,275$8,525
10 years$14,480$13,088$11,817$10,659$9,607$7,004
11 years$13,029$11,652$10,404$9,277$8,262$5,804
12 years$11,822$10,458$9,233$8,137$7,160$4,841
13 years$10,800$9,451$8,249$7,184$6,243$4,060
14 years$9,926$8,591$7,412$6,377$5,473$3,420
15 years$9,168$7,848$6,692$5,687$4,819$2,891
16 years$8,506$7,200$6,067$5,092$4,259$2,451
17 years$7,923$6,631$5,521$4,575$3,776$2,084
18 years$7,405$6,127$5,040$4,123$3,358$1,775
19 years$6,942$5,679$4,614$3,726$2,993$1,515
20 years$6,525$5,277$4,234$3,374$2,673$1,294
21 years$6,149$4,915$3,895$3,062$2,392$1,108
22 years$5,808$4,588$3,590$2,784$2,144$949
23 years$5,497$4,291$3,314$2,536$1,925$813
24 years$5,212$4,021$3,065$2,313$1,730$698
25 years$4,950$3,773$2,839$2,112$1,557$599
26 years$4,709$3,546$2,633$1,931$1,402$515
27 years$4,486$3,337$2,445$1,768$1,264$442
28 years$4,279$3,145$2,273$1,620$1,141$380
29 years$4,087$2,967$2,115$1,485$1,030$327
30 years$3,908$2,802$1,970$1,363$931$282
31 years$3,741$2,649$1,837$1,252$841$242
32 years$3,585$2,506$1,714$1,151$761$209
33 years$3,438$2,373$1,600$1,058$689$180
34 years$3,301$2,249$1,495$973$624$155
35 years$3,171$2,134$1,398$896$565$133
36 years$3,049$2,025$1,308$825$512$115
37 years$2,934$1,923$1,224$760$464$99
38 years$2,825$1,828$1,146$701$421$85
39 years$2,723$1,738$1,074$646$381$73
40 years$2,625$1,654$1,006$596$346$63
41 years$2,532$1,574$944$550$314$55
42 years$2,444$1,499$885$508$285$47
43 years$2,361$1,428$831$469$258$40
44 years$2,281$1,362$780$433$235$35
45 years$2,205$1,298$732$400$213$30
46 years$2,133$1,239$688$369$193$26
47 years$2,064$1,182$646$341$176$22
48 years$1,998$1,128$607$315$159$19
49 years$1,935$1,078$571$291$145$17
50 years$1,875$1,029$536$269$132$14

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 $2,146 every year, while hoping to spend $30,667 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: 61/11/28 Blend
71$1,920,000$1,920,000$1,920,000$1,920,000
72$2,118,054$2,016,294$1,986,534$2,231,151
73$2,301,466$2,082,463$2,020,453$2,374,577
74$2,502,558$2,150,846$2,054,481$2,527,572
75$2,723,101$2,221,520$2,088,589$2,693,933
76$2,965,046$2,294,563$2,122,745$2,874,970
77$3,230,542$2,370,058$2,156,918$3,072,129
78$3,521,955$2,448,088$2,191,072$3,286,999
79$3,841,891$2,528,741$2,225,170$3,521,333
80$4,193,223$2,612,109$2,259,172$3,777,060
81$4,579,114$2,698,284$2,293,036$4,056,305
82$5,003,048$2,787,364$2,326,718$4,361,410
83$5,468,865$2,879,451$2,360,169$4,694,951
84$5,980,793$2,974,649$2,393,339$5,059,772
85$6,543,493$3,073,065$2,426,174$5,458,999
86$7,162,097$3,174,813$2,458,619$5,896,081
87$7,842,260$3,280,008$2,490,612$6,374,815
88$8,590,213$3,388,771$2,522,090$6,899,386
89$9,412,820$3,501,226$2,552,985$7,474,402
90$10,317,646$3,617,504$2,583,228$8,104,942
91$11,313,022$3,737,738$2,612,742$8,796,603
92$12,408,130$3,862,067$2,641,449$9,555,548
93$13,613,086$3,990,635$2,669,265$10,388,571
94$14,939,037$4,123,593$2,696,101$11,303,157
95$16,398,263$4,261,093$2,721,865$12,307,552
96$18,004,297$4,403,298$2,746,459$13,410,842
97$19,772,049$4,550,373$2,769,779$14,623,041
98$21,717,948$4,702,491$2,791,716$15,955,181
99$23,860,097$4,859,831$2,812,157$17,419,419
100$26,218,443$5,022,579$2,830,980$19,029,150