Can I retire at age 72 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$163,507$162,050$160,629$159,242$157,888$156,827
2 years$80,944$79,436$77,975$76,559$75,185$74,115
3 years$53,427$51,913$50,455$49,052$47,700$46,655
4 years$39,671$38,161$36,718$35,339$34,020$33,007
5 years$31,419$29,919$28,495$27,144$25,862$24,883
6 years$25,920$24,431$23,028$21,707$20,463$19,521
7 years$21,994$20,517$19,137$17,847$16,642$15,737
8 years$19,050$17,587$16,229$14,971$13,806$12,938
9 years$16,762$15,313$13,978$12,752$11,627$10,795
10 years$14,932$13,497$12,187$10,992$9,907$9,111
11 years$13,437$12,016$10,729$9,567$8,520$7,760
12 years$12,191$10,785$9,522$8,391$7,383$6,658
13 years$11,138$9,746$8,507$7,408$6,438$5,748
14 years$10,236$8,859$7,644$6,576$5,644$4,986
15 years$9,455$8,093$6,901$5,865$4,969$4,344
16 years$8,772$7,425$6,257$5,251$4,392$3,798
17 years$8,170$6,838$5,693$4,718$3,894$3,331
18 years$7,636$6,319$5,197$4,252$3,463$2,929
19 years$7,159$5,856$4,758$3,842$3,086$2,582
20 years$6,729$5,442$4,367$3,480$2,757$2,280
21 years$6,342$5,069$4,016$3,158$2,467$2,016
22 years$5,989$4,732$3,702$2,871$2,211$1,786
23 years$5,668$4,425$3,418$2,615$1,985$1,584
24 years$5,375$4,146$3,161$2,385$1,784$1,407
25 years$5,105$3,891$2,928$2,178$1,605$1,251
26 years$4,856$3,657$2,715$1,992$1,446$1,113
27 years$4,626$3,442$2,521$1,823$1,304$991
28 years$4,413$3,243$2,344$1,670$1,176$883
29 years$4,215$3,059$2,181$1,532$1,062$787
30 years$4,030$2,889$2,032$1,406$960$702
31 years$3,858$2,731$1,894$1,291$868$627
32 years$3,697$2,584$1,767$1,186$785$559
33 years$3,546$2,448$1,650$1,091$710$500
34 years$3,404$2,320$1,542$1,004$643$447
35 years$3,270$2,200$1,441$924$583$399
36 years$3,145$2,088$1,348$851$528$357
37 years$3,026$1,983$1,262$784$478$319
38 years$2,914$1,885$1,182$723$434$285
39 years$2,808$1,792$1,107$666$393$255
40 years$2,707$1,705$1,038$615$357$228
41 years$2,612$1,623$973$567$324$204
42 years$2,521$1,546$913$523$294$183
43 years$2,435$1,473$857$483$267$164
44 years$2,353$1,404$804$446$242$147
45 years$2,274$1,339$755$412$220$131
46 years$2,200$1,277$709$381$199$118
47 years$2,129$1,219$666$352$181$105
48 years$2,060$1,164$626$325$164$94
49 years$1,995$1,111$588$300$149$84
50 years$1,933$1,061$553$278$136$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,980,000, adding $2,910 every year, while hoping to spend $53,201 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: 41/32/27 Blend
71$1,980,000$1,980,000$1,980,000$1,980,000
72$2,184,962$2,080,022$2,049,332$2,257,087
73$2,351,222$2,125,337$2,061,379$2,354,747
74$2,532,658$2,171,090$2,072,046$2,455,177
75$2,730,762$2,217,246$2,081,232$2,562,863
76$2,947,175$2,263,766$2,088,829$2,678,505
77$3,183,705$2,310,609$2,094,723$2,802,873
78$3,442,342$2,357,728$2,098,795$2,936,818
79$3,725,278$2,405,074$2,100,922$3,081,280
80$4,034,926$2,452,592$2,100,973$3,237,293
81$4,373,943$2,500,224$2,098,810$3,406,000
82$4,745,254$2,547,904$2,094,289$3,588,661
83$5,152,082$2,595,563$2,087,259$3,786,668
84$5,597,975$2,643,126$2,077,563$4,001,553
85$6,086,841$2,690,511$2,065,034$4,235,010
86$6,622,984$2,737,632$2,049,498$4,488,904
87$7,211,145$2,784,393$2,030,773$4,765,296
88$7,856,546$2,830,692$2,008,668$5,066,458
89$8,564,939$2,876,421$1,982,983$5,394,896
90$9,342,659$2,921,462$1,953,510$5,753,376
91$10,196,685$2,965,689$1,920,028$6,144,946
92$11,134,707$3,008,967$1,882,308$6,572,972
93$12,165,192$3,051,152$1,840,110$7,041,165
94$13,297,471$3,092,087$1,793,183$7,553,619
95$14,541,822$3,131,609$1,741,264$8,114,848
96$15,909,570$3,169,540$1,684,078$8,729,834
97$17,413,189$3,205,690$1,621,338$9,404,069
98$19,066,424$3,239,858$1,552,742$10,143,611
99$20,884,417$3,271,829$1,477,977$10,955,144
100$22,883,851$3,301,373$1,396,713$11,846,035