Can I retire at age 72 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$165,158$163,687$162,252$160,851$159,483$154,874
2 years$81,761$80,239$78,763$77,332$75,944$71,338
3 years$53,966$52,437$50,965$49,547$48,182$43,722
4 years$40,071$38,547$37,089$35,696$34,364$30,085
5 years$31,737$30,221$28,783$27,418$26,123$22,036
6 years$26,182$24,678$23,261$21,926$20,670$16,779
7 years$22,216$20,724$19,330$18,027$16,810$13,116
8 years$19,243$17,765$16,393$15,122$13,946$10,445
9 years$16,931$15,467$14,120$12,881$11,744$8,434
10 years$15,083$13,634$12,310$11,103$10,007$6,882
11 years$13,572$12,137$10,837$9,663$8,606$5,662
12 years$12,314$10,894$9,618$8,476$7,458$4,689
13 years$11,250$9,845$8,593$7,483$6,503$3,903
14 years$10,339$8,949$7,721$6,643$5,701$3,263
15 years$9,550$8,175$6,971$5,924$5,020$2,737
16 years$8,861$7,500$6,320$5,304$4,436$2,303
17 years$8,253$6,907$5,751$4,766$3,934$1,942
18 years$7,713$6,383$5,250$4,295$3,497$1,641
19 years$7,231$5,915$4,806$3,881$3,117$1,389
20 years$6,797$5,497$4,411$3,515$2,785$1,177
21 years$6,406$5,120$4,057$3,190$2,492$999
22 years$6,050$4,779$3,739$2,900$2,234$848
23 years$5,726$4,470$3,452$2,642$2,005$721
24 years$5,429$4,188$3,193$2,409$1,802$613
25 years$5,156$3,930$2,957$2,200$1,622$522
26 years$4,905$3,694$2,743$2,012$1,461$444
27 years$4,673$3,476$2,547$1,841$1,317$379
28 years$4,458$3,276$2,368$1,687$1,188$323
29 years$4,258$3,090$2,203$1,547$1,073$275
30 years$4,071$2,919$2,052$1,420$970$234
31 years$3,897$2,759$1,913$1,304$877$200
32 years$3,734$2,611$1,785$1,198$793$171
33 years$3,582$2,472$1,667$1,102$718$146
34 years$3,438$2,343$1,557$1,014$650$124
35 years$3,304$2,222$1,456$933$588$106
36 years$3,176$2,109$1,362$860$533$90
37 years$3,057$2,003$1,275$792$483$77
38 years$2,943$1,904$1,194$730$438$66
39 years$2,836$1,811$1,119$673$397$56
40 years$2,734$1,723$1,048$621$360$48
41 years$2,638$1,640$983$573$327$41
42 years$2,546$1,562$922$529$297$35
43 years$2,459$1,488$865$488$269$30
44 years$2,376$1,418$812$451$244$26
45 years$2,297$1,352$763$416$222$22
46 years$2,222$1,290$716$384$201$19
47 years$2,150$1,231$673$355$183$16
48 years$2,081$1,175$632$328$166$14
49 years$2,016$1,122$594$303$151$12
50 years$1,953$1,072$559$280$137$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,000,000, adding $5,198 every year, while hoping to spend $33,083 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: 34/36/30 Blend
71$2,000,000$2,000,000$2,000,000$2,000,000
72$2,209,362$2,103,362$2,072,362$2,264,319
73$2,399,517$2,171,226$2,106,586$2,374,335
74$2,607,958$2,241,308$2,140,848$2,489,592
75$2,836,518$2,313,679$2,175,113$2,613,254
76$3,087,210$2,388,417$2,209,347$2,746,095
77$3,362,256$2,465,600$2,243,511$2,888,965
78$3,664,102$2,545,310$2,277,564$3,042,799
79$3,995,441$2,627,631$2,311,463$3,208,624
80$4,359,241$2,712,650$2,345,163$3,387,571
81$4,758,771$2,800,457$2,378,613$3,580,884
82$5,197,632$2,891,146$2,411,763$3,789,931
83$5,679,791$2,984,813$2,444,558$4,016,218
84$6,209,619$3,081,557$2,476,939$4,261,402
85$6,791,929$3,181,483$2,508,845$4,527,308
86$7,432,026$3,284,696$2,540,212$4,815,942
87$8,135,753$3,391,307$2,570,970$5,129,515
88$8,909,549$3,501,430$2,601,047$5,470,460
89$9,760,507$3,615,184$2,630,365$5,841,455
90$10,696,441$3,732,690$2,658,845$6,245,450
91$11,725,962$3,854,076$2,686,400$6,685,692
92$12,858,556$3,979,471$2,712,940$7,165,756
93$14,104,676$4,109,013$2,738,371$7,689,582
94$15,475,838$4,242,840$2,762,592$8,261,506
95$16,984,732$4,381,098$2,785,498$8,886,304
96$18,645,340$4,523,937$2,806,977$9,569,239
97$20,473,067$4,671,512$2,826,913$10,316,104
98$22,484,888$4,823,984$2,845,183$11,133,283
99$24,699,507$4,981,520$2,861,657$12,027,806
100$27,137,534$5,144,291$2,876,200$13,007,419