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%18.9%
1 years$163,507$162,050$160,629$159,242$157,888$152,225
2 years$80,944$79,436$77,975$76,559$75,185$69,541
3 years$53,427$51,913$50,455$49,052$47,700$42,253
4 years$39,671$38,161$36,718$35,339$34,020$28,811
5 years$31,419$29,919$28,495$27,144$25,862$20,904
6 years$25,920$24,431$23,028$21,707$20,463$15,761
7 years$21,994$20,517$19,137$17,847$16,642$12,194
8 years$19,050$17,587$16,229$14,971$13,806$9,608
9 years$16,762$15,313$13,978$12,752$11,627$7,673
10 years$14,932$13,497$12,187$10,992$9,907$6,191
11 years$13,437$12,016$10,729$9,567$8,520$5,035
12 years$12,191$10,785$9,522$8,391$7,383$4,120
13 years$11,138$9,746$8,507$7,408$6,438$3,388
14 years$10,236$8,859$7,644$6,576$5,644$2,797
15 years$9,455$8,093$6,901$5,865$4,969$2,317
16 years$8,772$7,425$6,257$5,251$4,392$1,924
17 years$8,170$6,838$5,693$4,718$3,894$1,601
18 years$7,636$6,319$5,197$4,252$3,463$1,335
19 years$7,159$5,856$4,758$3,842$3,086$1,114
20 years$6,729$5,442$4,367$3,480$2,757$931
21 years$6,342$5,069$4,016$3,158$2,467$779
22 years$5,989$4,732$3,702$2,871$2,211$653
23 years$5,668$4,425$3,418$2,615$1,985$547
24 years$5,375$4,146$3,161$2,385$1,784$459
25 years$5,105$3,891$2,928$2,178$1,605$385
26 years$4,856$3,657$2,715$1,992$1,446$323
27 years$4,626$3,442$2,521$1,823$1,304$271
28 years$4,413$3,243$2,344$1,670$1,176$228
29 years$4,215$3,059$2,181$1,532$1,062$191
30 years$4,030$2,889$2,032$1,406$960$161
31 years$3,858$2,731$1,894$1,291$868$135
32 years$3,697$2,584$1,767$1,186$785$113
33 years$3,546$2,448$1,650$1,091$710$95
34 years$3,404$2,320$1,542$1,004$643$80
35 years$3,270$2,200$1,441$924$583$67
36 years$3,145$2,088$1,348$851$528$57
37 years$3,026$1,983$1,262$784$478$48
38 years$2,914$1,885$1,182$723$434$40
39 years$2,808$1,792$1,107$666$393$34
40 years$2,707$1,705$1,038$615$357$28
41 years$2,612$1,623$973$567$324$24
42 years$2,521$1,546$913$523$294$20
43 years$2,435$1,473$857$483$267$17
44 years$2,353$1,404$804$446$242$14
45 years$2,274$1,339$755$412$220$12
46 years$2,200$1,277$709$381$199$10
47 years$2,129$1,219$666$352$181$8
48 years$2,060$1,164$626$325$164$7
49 years$1,995$1,111$588$300$149$6
50 years$1,933$1,061$553$278$136$5

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 $2,753 every year, while hoping to spend $57,439 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: 61/27/12 Blend
71$1,980,000$1,980,000$1,980,000$1,980,000
72$2,184,800$2,079,860$2,049,170$2,311,657
73$2,346,535$2,120,658$2,056,702$2,437,951
74$2,522,841$2,161,531$2,062,562$2,568,924
75$2,715,146$2,202,420$2,066,632$2,710,438
76$2,925,017$2,243,265$2,068,791$2,863,516
77$3,154,182$2,283,998$2,068,909$3,029,285
78$3,404,542$2,324,548$2,066,851$3,208,986
79$3,678,192$2,364,837$2,062,476$3,403,985
80$3,977,434$2,404,781$2,055,636$3,615,791
81$4,304,808$2,444,291$2,046,176$3,846,065
82$4,663,106$2,483,269$2,033,930$4,096,638
83$5,055,406$2,521,612$2,018,730$4,369,527
84$5,485,095$2,559,209$2,000,395$4,666,956
85$5,955,905$2,595,940$1,978,739$4,991,377
86$6,471,945$2,631,678$1,953,564$5,345,490
87$7,037,739$2,666,287$1,924,664$5,732,276
88$7,658,272$2,699,619$1,891,824$6,155,015
89$8,339,035$2,731,519$1,854,819$6,617,326
90$9,086,073$2,761,820$1,813,412$7,123,198
91$9,906,047$2,790,344$1,767,356$7,677,028
92$10,806,295$2,816,901$1,716,394$8,283,661
93$11,794,897$2,841,290$1,660,253$8,948,440
94$12,880,757$2,863,294$1,598,652$9,677,254
95$14,073,683$2,882,683$1,531,295$10,476,594
96$15,384,478$2,899,214$1,457,873$11,353,615
97$16,825,046$2,912,627$1,378,063$12,316,207
98$18,408,499$2,922,644$1,291,526$13,373,062
99$20,149,284$2,928,972$1,197,911$14,533,767
100$22,063,318$2,931,298$1,096,847$15,808,887