Can I retire at age 72 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$161,029$159,595$158,195$156,829$155,496$153,936
2 years$79,717$78,233$76,794$75,399$74,046$72,475
3 years$52,617$51,126$49,691$48,309$46,978$45,444
4 years$39,070$37,583$36,162$34,804$33,505$32,021
5 years$30,943$29,466$28,063$26,733$25,470$24,039
6 years$25,527$24,061$22,679$21,378$20,153$18,778
7 years$21,660$20,206$18,847$17,576$16,390$15,071
8 years$18,761$17,320$15,983$14,744$13,597$12,334
9 years$16,508$15,081$13,767$12,559$11,451$10,243
10 years$14,706$13,293$12,002$10,826$9,757$8,604
11 years$13,233$11,834$10,566$9,422$8,391$7,292
12 years$12,006$10,621$9,377$8,264$7,271$6,225
13 years$10,969$9,599$8,378$7,296$6,341$5,346
14 years$10,081$8,725$7,528$6,477$5,558$4,614
15 years$9,312$7,970$6,797$5,776$4,894$3,998
16 years$8,639$7,313$6,162$5,172$4,325$3,477
17 years$8,047$6,735$5,607$4,647$3,835$3,032
18 years$7,520$6,223$5,119$4,188$3,410$2,651
19 years$7,050$5,768$4,686$3,784$3,039$2,323
20 years$6,627$5,359$4,300$3,427$2,715$2,039
21 years$6,245$4,992$3,956$3,110$2,430$1,793
22 years$5,899$4,660$3,646$2,828$2,178$1,579
23 years$5,583$4,358$3,366$2,575$1,955$1,392
24 years$5,293$4,084$3,113$2,349$1,757$1,229
25 years$5,027$3,832$2,883$2,145$1,581$1,085
26 years$4,782$3,602$2,674$1,961$1,424$960
27 years$4,556$3,390$2,483$1,795$1,284$849
28 years$4,346$3,194$2,308$1,645$1,159$752
29 years$4,151$3,013$2,148$1,508$1,046$666
30 years$3,969$2,846$2,001$1,384$945$590
31 years$3,800$2,690$1,865$1,271$855$523
32 years$3,641$2,545$1,741$1,169$773$464
33 years$3,492$2,410$1,625$1,075$700$412
34 years$3,352$2,285$1,518$989$633$366
35 years$3,221$2,167$1,420$910$574$325
36 years$3,097$2,057$1,328$838$520$288
37 years$2,980$1,953$1,243$772$471$256
38 years$2,870$1,856$1,164$712$427$227
39 years$2,765$1,765$1,091$656$387$202
40 years$2,666$1,679$1,022$605$351$180
41 years$2,572$1,599$958$559$319$160
42 years$2,483$1,523$899$515$289$142
43 years$2,398$1,451$844$476$262$126
44 years$2,317$1,383$792$439$238$112
45 years$2,240$1,319$744$406$216$100
46 years$2,166$1,258$698$375$196$89
47 years$2,096$1,200$656$346$178$79
48 years$2,029$1,146$617$320$162$70
49 years$1,965$1,094$580$296$147$62
50 years$1,904$1,045$545$273$134$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,950,000, adding $2,123 every year, while hoping to spend $46,403 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: 57/20/23 Blend
71$1,950,000$1,950,000$1,950,000$1,950,000
72$2,151,090$2,047,740$2,017,515$2,260,209
73$2,321,129$2,098,707$2,035,729$2,385,940
74$2,506,956$2,150,616$2,052,998$2,517,779
75$2,710,134$2,203,464$2,069,242$2,660,473
76$2,932,381$2,257,247$2,084,375$2,815,081
77$3,175,590$2,311,959$2,098,308$2,982,770
78$3,441,846$2,367,590$2,110,947$3,164,826
79$3,733,444$2,424,132$2,122,194$3,362,663
80$4,052,912$2,481,571$2,131,944$3,577,844
81$4,403,033$2,539,892$2,140,088$3,812,086
82$4,786,873$2,599,078$2,146,512$4,067,287
83$5,207,809$2,659,107$2,151,095$4,345,533
84$5,669,560$2,719,958$2,153,711$4,649,125
85$6,176,222$2,781,602$2,154,226$4,980,601
86$6,732,306$2,844,011$2,152,503$5,342,755
87$7,342,784$2,907,150$2,148,395$5,738,666
88$8,013,130$2,970,983$2,141,748$6,171,731
89$8,749,375$3,035,466$2,132,402$6,645,690
90$9,558,162$3,100,555$2,120,188$7,164,667
91$10,446,810$3,166,198$2,104,930$7,733,207
92$11,423,383$3,232,339$2,086,443$8,356,319
93$12,496,762$3,298,918$2,064,534$9,039,524
94$13,676,734$3,365,868$2,038,998$9,788,906
95$14,974,081$3,433,115$2,009,624$10,611,173
96$16,400,680$3,500,580$1,976,189$11,513,717
97$17,969,618$3,568,178$1,938,460$12,504,683
98$19,695,314$3,635,813$1,896,193$13,593,052
99$21,593,654$3,703,386$1,849,134$14,788,721
100$23,682,141$3,770,787$1,797,015$16,102,599