Can I retire at age 72 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$161,855$160,413$159,007$157,634$156,293$154,021
2 years$80,126$78,634$77,188$75,785$74,425$72,141
3 years$52,887$51,388$49,946$48,556$47,218$44,993
4 years$39,270$37,776$36,348$34,982$33,677$31,527
5 years$31,102$29,617$28,207$26,870$25,600$23,533
6 years$25,658$24,184$22,796$21,488$20,257$18,274
7 years$21,771$20,310$18,943$17,666$16,474$14,577
8 years$18,858$17,409$16,065$14,820$13,667$11,854
9 years$16,593$15,158$13,837$12,623$11,510$9,781
10 years$14,782$13,361$12,064$10,881$9,807$8,161
11 years$13,301$11,894$10,621$9,470$8,434$6,870
12 years$12,068$10,676$9,425$8,307$7,309$5,824
13 years$11,025$9,648$8,421$7,333$6,373$4,966
14 years$10,132$8,770$7,566$6,510$5,587$4,254
15 years$9,359$8,011$6,831$5,806$4,919$3,659
16 years$8,684$7,350$6,194$5,198$4,348$3,158
17 years$8,088$6,769$5,636$4,671$3,855$2,733
18 years$7,559$6,255$5,145$4,209$3,428$2,371
19 years$7,086$5,797$4,710$3,803$3,055$2,061
20 years$6,661$5,387$4,323$3,445$2,729$1,795
21 years$6,278$5,018$3,976$3,126$2,442$1,565
22 years$5,929$4,684$3,664$2,842$2,189$1,367
23 years$5,611$4,381$3,383$2,589$1,965$1,195
24 years$5,320$4,104$3,129$2,361$1,766$1,045
25 years$5,053$3,852$2,898$2,156$1,589$916
26 years$4,807$3,620$2,688$1,972$1,431$803
27 years$4,579$3,407$2,496$1,805$1,291$704
28 years$4,368$3,210$2,320$1,653$1,165$618
29 years$4,172$3,029$2,159$1,516$1,052$542
30 years$3,990$2,860$2,011$1,392$950$476
31 years$3,819$2,704$1,875$1,278$859$419
32 years$3,660$2,558$1,749$1,174$777$368
33 years$3,510$2,423$1,633$1,080$703$323
34 years$3,370$2,296$1,526$994$637$284
35 years$3,237$2,178$1,427$915$577$250
36 years$3,113$2,067$1,335$843$522$220
37 years$2,995$1,963$1,249$776$474$194
38 years$2,884$1,866$1,170$715$429$170
39 years$2,779$1,774$1,096$660$389$150
40 years$2,680$1,688$1,027$608$353$132
41 years$2,585$1,607$963$561$320$116
42 years$2,495$1,530$904$518$291$102
43 years$2,410$1,458$848$478$264$90
44 years$2,329$1,390$796$442$239$79
45 years$2,251$1,325$747$408$217$70
46 years$2,178$1,264$702$377$197$62
47 years$2,107$1,207$660$348$179$54
48 years$2,040$1,152$620$322$163$48
49 years$1,975$1,100$583$297$148$42
50 years$1,914$1,051$548$275$134$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,960,000, adding $6,124 every year, while hoping to spend $30,826 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: 63/15/22 Blend
71$1,960,000$1,960,000$1,960,000$1,960,000
72$2,166,237$2,062,357$2,031,977$2,289,955
73$2,354,394$2,130,614$2,067,250$2,442,435
74$2,560,711$2,201,182$2,102,671$2,604,911
75$2,787,006$2,274,143$2,138,213$2,781,665
76$3,035,284$2,349,579$2,173,846$2,974,093
77$3,307,752$2,427,577$2,209,539$3,183,735
78$3,606,843$2,508,228$2,245,258$3,412,286
79$3,935,234$2,591,625$2,280,968$3,661,611
80$4,295,876$2,677,863$2,316,629$3,933,767
81$4,692,021$2,767,044$2,352,201$4,231,017
82$5,127,248$2,859,270$2,387,641$4,555,852
83$5,605,503$2,954,649$2,422,902$4,911,018
84$6,131,130$3,053,294$2,457,936$5,299,539
85$6,708,919$3,155,318$2,492,690$5,724,745
86$7,344,143$3,260,843$2,527,109$6,190,304
87$8,042,613$3,369,993$2,561,136$6,700,257
88$8,810,733$3,482,895$2,594,707$7,259,056
89$9,655,556$3,599,685$2,627,757$7,871,605
90$10,584,853$3,720,501$2,660,218$8,543,304
91$11,607,189$3,845,486$2,692,016$9,280,105
92$12,731,997$3,974,790$2,723,074$10,088,565
93$13,969,674$4,108,567$2,753,309$10,975,905
94$15,331,672$4,246,978$2,782,637$11,950,085
95$16,830,612$4,390,190$2,810,965$13,019,871
96$18,480,401$4,538,375$2,838,198$14,194,924
97$20,296,359$4,691,713$2,864,235$15,485,885
98$22,295,370$4,850,389$2,888,969$16,904,482
99$24,496,037$5,014,597$2,912,289$18,463,635
100$26,918,858$5,184,538$2,934,076$20,177,579