Can I retire at age 72 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$165,984$164,505$163,063$161,655$160,280$154,902
2 years$82,170$80,640$79,157$77,719$76,324$70,958
3 years$54,236$52,699$51,220$49,795$48,423$43,239
4 years$40,272$38,739$37,275$35,875$34,536$29,572
5 years$31,895$30,372$28,927$27,555$26,253$21,524
6 years$26,313$24,801$23,377$22,036$20,773$16,282
7 years$22,327$20,828$19,427$18,117$16,894$12,640
8 years$19,339$17,853$16,475$15,198$14,016$9,995
9 years$17,016$15,545$14,190$12,945$11,803$8,012
10 years$15,159$13,702$12,371$11,159$10,057$6,489
11 years$13,640$12,198$10,891$9,712$8,649$5,298
12 years$12,376$10,948$9,666$8,518$7,495$4,352
13 years$11,307$9,894$8,636$7,520$6,536$3,594
14 years$10,391$8,993$7,759$6,676$5,729$2,979
15 years$9,598$8,216$7,006$5,954$5,045$2,478
16 years$8,905$7,538$6,352$5,331$4,458$2,067
17 years$8,294$6,942$5,780$4,790$3,953$1,728
18 years$7,752$6,415$5,276$4,317$3,515$1,447
19 years$7,267$5,945$4,830$3,900$3,133$1,213
20 years$6,831$5,524$4,433$3,533$2,798$1,019
21 years$6,438$5,146$4,077$3,206$2,504$857
22 years$6,080$4,803$3,758$2,915$2,245$721
23 years$5,754$4,492$3,470$2,655$2,015$607
24 years$5,456$4,209$3,209$2,421$1,811$511
25 years$5,182$3,950$2,972$2,211$1,630$431
26 years$4,930$3,712$2,756$2,022$1,468$363
27 years$4,696$3,494$2,560$1,851$1,324$307
28 years$4,480$3,292$2,380$1,696$1,194$259
29 years$4,279$3,106$2,214$1,555$1,078$218
30 years$4,091$2,933$2,063$1,427$974$184
31 years$3,917$2,773$1,923$1,311$881$156
32 years$3,753$2,624$1,794$1,204$797$132
33 years$3,600$2,485$1,675$1,108$721$111
34 years$3,456$2,355$1,565$1,019$653$94
35 years$3,320$2,234$1,463$938$591$79
36 years$3,192$2,120$1,369$864$536$67
37 years$3,072$2,013$1,281$796$486$57
38 years$2,958$1,914$1,200$734$440$48
39 years$2,850$1,820$1,124$677$399$40
40 years$2,748$1,731$1,054$624$362$34
41 years$2,651$1,648$988$576$329$29
42 years$2,559$1,569$927$531$298$24
43 years$2,471$1,495$870$490$271$21
44 years$2,388$1,425$816$453$246$17
45 years$2,309$1,359$766$418$223$15
46 years$2,233$1,297$720$386$202$12
47 years$2,161$1,237$676$357$184$11
48 years$2,092$1,181$636$330$167$9
49 years$2,026$1,128$597$305$152$8
50 years$1,962$1,078$562$282$138$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,010,000, adding $3,267 every year, while hoping to spend $41,704 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: 67/10/23 Blend
71$2,010,000$2,010,000$2,010,000$2,010,000
72$2,218,390$2,111,860$2,080,705$2,353,781
73$2,400,293$2,170,968$2,106,036$2,504,174
74$2,599,352$2,231,575$2,130,818$2,663,509
75$2,817,274$2,293,710$2,154,988$2,836,789
76$3,055,937$2,357,403$2,178,480$3,025,389
77$3,317,409$2,422,682$2,201,226$3,230,823
78$3,603,969$2,489,577$2,223,151$3,454,759
79$3,918,125$2,558,119$2,244,179$3,699,034
80$4,262,642$2,628,335$2,264,227$3,965,672
81$4,640,564$2,700,255$2,283,210$4,256,904
82$5,055,242$2,773,908$2,301,038$4,575,187
83$5,510,369$2,849,322$2,317,616$4,923,226
84$6,010,013$2,926,525$2,332,843$5,304,006
85$6,558,655$3,005,546$2,346,613$5,720,812
86$7,161,230$3,086,410$2,358,818$6,177,265
87$7,823,177$3,169,145$2,369,339$6,677,356
88$8,550,484$3,253,776$2,378,055$7,225,480
89$9,349,751$3,340,329$2,384,837$7,826,482
90$10,228,247$3,428,826$2,389,550$8,485,701
91$11,193,981$3,519,292$2,392,054$9,209,018
92$12,255,778$3,611,748$2,392,198$10,002,916
93$13,423,359$3,706,215$2,389,828$10,874,537
94$14,707,433$3,802,712$2,384,780$11,831,754
95$16,119,803$3,901,256$2,376,881$12,883,239
96$17,673,468$4,001,863$2,365,952$14,038,553
97$19,382,756$4,104,548$2,351,805$15,308,227
98$21,263,448$4,209,322$2,334,241$16,703,872
99$23,332,935$4,316,195$2,313,055$18,238,278
100$25,610,380$4,425,174$2,288,027$19,925,542