Can I retire at age 72 with 2,030,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$167,636$166,142$164,685$163,264$161,875$158,672
2 years$82,988$81,442$79,944$78,492$77,083$73,869
3 years$54,776$53,223$51,729$50,291$48,905$45,781
4 years$40,672$39,125$37,646$36,232$34,879$31,869
5 years$32,213$30,674$29,215$27,829$26,515$23,627
6 years$26,575$25,048$23,610$22,255$20,980$18,218
7 years$22,549$21,035$19,620$18,297$17,063$14,426
8 years$19,531$18,031$16,639$15,349$14,155$11,644
9 years$17,185$15,699$14,331$13,074$11,921$9,534
10 years$15,310$13,838$12,494$11,270$10,157$7,892
11 years$13,776$12,319$11,000$9,808$8,735$6,589
12 years$12,499$11,057$9,762$8,603$7,570$5,539
13 years$11,419$9,992$8,722$7,595$6,601$4,683
14 years$10,494$9,083$7,837$6,742$5,786$3,977
15 years$9,694$8,297$7,075$6,013$5,095$3,390
16 years$8,994$7,613$6,415$5,384$4,503$2,899
17 years$8,377$7,011$5,837$4,837$3,993$2,486
18 years$7,829$6,478$5,329$4,359$3,550$2,136
19 years$7,339$6,004$4,878$3,939$3,164$1,839
20 years$6,899$5,579$4,477$3,568$2,826$1,586
21 years$6,502$5,197$4,118$3,238$2,529$1,370
22 years$6,141$4,851$3,795$2,944$2,267$1,184
23 years$5,812$4,537$3,504$2,681$2,035$1,025
24 years$5,510$4,251$3,241$2,445$1,829$888
25 years$5,234$3,989$3,002$2,233$1,646$770
26 years$4,979$3,749$2,784$2,042$1,483$667
27 years$4,743$3,529$2,585$1,869$1,337$579
28 years$4,524$3,325$2,403$1,712$1,206$503
29 years$4,321$3,137$2,236$1,570$1,089$437
30 years$4,132$2,962$2,083$1,441$984$380
31 years$3,956$2,800$1,942$1,324$890$330
32 years$3,790$2,650$1,812$1,216$805$287
33 years$3,635$2,509$1,692$1,119$728$250
34 years$3,490$2,378$1,581$1,029$659$217
35 years$3,353$2,256$1,478$947$597$189
36 years$3,224$2,141$1,383$873$541$164
37 years$3,102$2,034$1,294$804$490$143
38 years$2,987$1,933$1,212$741$445$125
39 years$2,878$1,838$1,135$683$403$108
40 years$2,775$1,748$1,064$630$366$94
41 years$2,677$1,664$998$581$332$82
42 years$2,584$1,585$936$537$301$72
43 years$2,496$1,510$878$495$273$62
44 years$2,412$1,440$824$457$248$54
45 years$2,332$1,373$774$422$225$47
46 years$2,255$1,310$727$390$204$41
47 years$2,182$1,250$683$360$186$36
48 years$2,113$1,193$642$333$169$31
49 years$2,046$1,139$603$308$153$27
50 years$1,982$1,088$567$285$139$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,030,000, adding $3,792 every year, while hoping to spend $54,705 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: 70/5/25 Blend
71$2,030,000$2,030,000$2,030,000$2,030,000
72$2,240,971$2,133,381$2,101,916$2,383,342
73$2,411,345$2,179,711$2,114,125$2,525,460
74$2,597,263$2,226,478$2,124,909$2,674,267
75$2,800,253$2,273,645$2,134,163$2,835,875
76$3,021,998$2,321,173$2,141,776$3,011,549
77$3,264,348$2,369,017$2,147,632$3,202,686
78$3,529,343$2,417,129$2,151,609$3,410,824
79$3,819,225$2,465,458$2,153,578$3,637,659
80$4,136,468$2,513,947$2,153,404$3,885,060
81$4,483,791$2,562,534$2,150,946$4,155,086
82$4,864,191$2,611,152$2,146,056$4,450,006
83$5,280,968$2,659,728$2,138,579$4,772,323
84$5,737,757$2,708,184$2,128,351$5,124,794
85$6,238,558$2,756,436$2,115,201$5,510,458
86$6,787,782$2,804,392$2,098,951$5,932,664
87$7,390,282$2,851,953$2,079,413$6,395,105
88$8,051,407$2,899,015$2,056,389$6,901,849
89$8,777,047$2,945,464$2,029,675$7,457,382
90$9,573,691$2,991,177$1,999,054$8,066,647
91$10,448,486$3,036,023$1,964,301$8,735,092
92$11,409,307$3,079,863$1,925,180$9,468,724
93$12,464,825$3,122,545$1,881,443$10,274,161
94$13,624,597$3,163,910$1,832,831$11,158,699
95$14,899,150$3,203,785$1,779,074$12,130,380
96$16,300,079$3,241,987$1,719,889$13,198,067
97$17,840,162$3,278,318$1,654,980$14,371,529
98$19,533,473$3,312,571$1,584,037$15,661,533
99$21,395,521$3,344,520$1,506,735$17,079,947
100$23,443,391$3,373,929$1,422,738$18,639,851