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

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$167,636$166,142$164,685$163,264$161,875$159,720
2 years$82,988$81,442$79,944$78,492$77,083$74,916
3 years$54,776$53,223$51,729$50,291$48,905$46,792
4 years$40,672$39,125$37,646$36,232$34,879$32,837
5 years$32,213$30,674$29,215$27,829$26,515$24,549
6 years$26,575$25,048$23,610$22,255$20,980$19,094
7 years$22,549$21,035$19,620$18,297$17,063$15,256
8 years$19,531$18,031$16,639$15,349$14,155$12,429
9 years$17,185$15,699$14,331$13,074$11,921$10,273
10 years$15,310$13,838$12,494$11,270$10,157$8,587
11 years$13,776$12,319$11,000$9,808$8,735$7,242
12 years$12,499$11,057$9,762$8,603$7,570$6,151
13 years$11,419$9,992$8,722$7,595$6,601$5,255
14 years$10,494$9,083$7,837$6,742$5,786$4,511
15 years$9,694$8,297$7,075$6,013$5,095$3,888
16 years$8,994$7,613$6,415$5,384$4,503$3,362
17 years$8,377$7,011$5,837$4,837$3,993$2,916
18 years$7,829$6,478$5,329$4,359$3,550$2,535
19 years$7,339$6,004$4,878$3,939$3,164$2,209
20 years$6,899$5,579$4,477$3,568$2,826$1,928
21 years$6,502$5,197$4,118$3,238$2,529$1,685
22 years$6,141$4,851$3,795$2,944$2,267$1,475
23 years$5,812$4,537$3,504$2,681$2,035$1,292
24 years$5,510$4,251$3,241$2,445$1,829$1,133
25 years$5,234$3,989$3,002$2,233$1,646$995
26 years$4,979$3,749$2,784$2,042$1,483$874
27 years$4,743$3,529$2,585$1,869$1,337$768
28 years$4,524$3,325$2,403$1,712$1,206$676
29 years$4,321$3,137$2,236$1,570$1,089$595
30 years$4,132$2,962$2,083$1,441$984$524
31 years$3,956$2,800$1,942$1,324$890$461
32 years$3,790$2,650$1,812$1,216$805$407
33 years$3,635$2,509$1,692$1,119$728$358
34 years$3,490$2,378$1,581$1,029$659$316
35 years$3,353$2,256$1,478$947$597$279
36 years$3,224$2,141$1,383$873$541$246
37 years$3,102$2,034$1,294$804$490$217
38 years$2,987$1,933$1,212$741$445$191
39 years$2,878$1,838$1,135$683$403$169
40 years$2,775$1,748$1,064$630$366$149
41 years$2,677$1,664$998$581$332$132
42 years$2,584$1,585$936$537$301$116
43 years$2,496$1,510$878$495$273$102
44 years$2,412$1,440$824$457$248$90
45 years$2,332$1,373$774$422$225$80
46 years$2,255$1,310$727$390$204$71
47 years$2,182$1,250$683$360$186$62
48 years$2,113$1,193$642$333$169$55
49 years$2,046$1,139$603$308$153$49
50 years$1,982$1,088$567$285$139$43

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 $3,671 every year, while hoping to spend $52,154 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: 58/34/8 Blend
71$2,030,000$2,030,000$2,030,000$2,030,000
72$2,240,847$2,133,257$2,101,792$2,366,586
73$2,413,922$2,182,295$2,116,710$2,500,585
74$2,602,902$2,231,988$2,130,381$2,640,365
75$2,809,356$2,282,313$2,142,706$2,791,431
76$3,035,008$2,333,244$2,153,584$2,954,869
77$3,281,758$2,384,752$2,162,909$3,131,875
78$3,551,697$2,436,805$2,170,566$3,323,763
79$3,847,130$2,489,368$2,176,440$3,531,984
80$4,170,591$2,542,401$2,180,404$3,758,135
81$4,524,873$2,595,860$2,182,329$4,003,975
82$4,913,052$2,649,699$2,182,079$4,271,441
83$5,338,514$2,703,865$2,179,510$4,562,667
84$5,804,990$2,758,302$2,174,471$4,880,005
85$6,316,587$2,812,947$2,166,804$5,226,047
86$6,877,832$2,867,734$2,156,345$5,603,647
87$7,493,707$2,922,590$2,142,919$6,015,950
88$8,169,703$2,977,435$2,126,345$6,466,422
89$8,911,868$3,032,184$2,106,432$6,958,883
90$9,726,862$3,086,745$2,082,981$7,497,541
91$10,622,024$3,141,018$2,055,784$8,087,033
92$11,605,438$3,194,895$2,024,620$8,732,471
93$12,686,009$3,248,261$1,989,261$9,439,487
94$13,873,548$3,300,992$1,949,467$10,214,286
95$15,178,864$3,352,954$1,904,988$11,063,710
96$16,613,863$3,404,004$1,855,560$11,995,296
97$18,191,665$3,453,988$1,800,909$13,017,353
98$19,926,723$3,502,742$1,740,748$14,139,036
99$21,834,962$3,550,089$1,674,776$15,370,436
100$23,933,926$3,595,842$1,602,679$16,722,674