Can I retire at age 72 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$169,287$167,779$166,308$164,872$163,470$160,432
2 years$83,805$82,245$80,732$79,265$77,843$74,793
3 years$55,315$53,748$52,239$50,786$49,387$46,421
4 years$41,073$39,510$38,017$36,589$35,223$32,364
5 years$32,530$30,977$29,502$28,104$26,776$24,031
6 years$26,836$25,295$23,842$22,475$21,187$18,560
7 years$22,771$21,242$19,813$18,478$17,231$14,722
8 years$19,724$18,209$16,803$15,500$14,294$11,904
9 years$17,355$15,854$14,472$13,203$12,038$9,764
10 years$15,460$13,974$12,617$11,381$10,257$8,097
11 years$13,912$12,441$11,108$9,905$8,821$6,773
12 years$12,622$11,166$9,858$8,688$7,644$5,705
13 years$11,532$10,091$8,808$7,670$6,666$4,832
14 years$10,598$9,172$7,914$6,809$5,843$4,112
15 years$9,789$8,379$7,145$6,072$5,145$3,513
16 years$9,082$7,688$6,478$5,437$4,547$3,010
17 years$8,459$7,080$5,895$4,885$4,032$2,587
18 years$7,906$6,542$5,381$4,402$3,585$2,228
19 years$7,412$6,063$4,926$3,978$3,195$1,922
20 years$6,967$5,634$4,521$3,603$2,854$1,662
21 years$6,566$5,248$4,158$3,270$2,554$1,438
22 years$6,201$4,899$3,833$2,973$2,289$1,246
23 years$5,869$4,582$3,539$2,708$2,055$1,081
24 years$5,565$4,293$3,273$2,469$1,847$939
25 years$5,285$4,029$3,031$2,255$1,662$816
26 years$5,028$3,786$2,811$2,062$1,497$709
27 years$4,790$3,563$2,611$1,887$1,350$617
28 years$4,569$3,358$2,427$1,729$1,218$537
29 years$4,364$3,168$2,258$1,586$1,100$468
30 years$4,173$2,992$2,104$1,455$994$407
31 years$3,995$2,828$1,961$1,337$898$355
32 years$3,828$2,676$1,830$1,228$813$309
33 years$3,671$2,534$1,708$1,130$736$270
34 years$3,524$2,402$1,596$1,039$666$235
35 years$3,386$2,278$1,492$957$603$205
36 years$3,256$2,162$1,396$881$546$179
37 years$3,133$2,054$1,307$812$495$156
38 years$3,017$1,952$1,224$748$449$136
39 years$2,907$1,856$1,146$690$407$119
40 years$2,803$1,766$1,075$636$369$104
41 years$2,704$1,681$1,008$587$335$91
42 years$2,610$1,601$945$542$304$79
43 years$2,521$1,525$887$500$276$69
44 years$2,436$1,454$833$462$250$60
45 years$2,355$1,386$782$427$227$53
46 years$2,277$1,322$734$394$206$46
47 years$2,204$1,262$690$364$187$40
48 years$2,133$1,205$648$336$170$35
49 years$2,066$1,150$609$311$155$31
50 years$2,002$1,099$573$287$140$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,050,000, adding $3,754 every year, while hoping to spend $27,253 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: 35/36/29 Blend
71$2,050,000$2,050,000$2,050,000$2,050,000
72$2,262,972$2,154,322$2,122,547$2,322,302
73$2,464,798$2,230,887$2,164,656$2,443,753
74$2,686,297$2,310,290$2,207,261$2,571,998
75$2,929,447$2,392,642$2,250,352$2,709,855
76$3,196,426$2,478,057$2,293,914$2,858,202
77$3,489,635$2,566,655$2,337,933$3,018,007
78$3,811,717$2,658,560$2,382,393$3,190,332
79$4,165,585$2,753,902$2,427,276$3,376,343
80$4,554,446$2,852,815$2,472,562$3,577,323
81$4,981,837$2,955,440$2,518,230$3,794,682
82$5,451,651$3,061,924$2,564,258$4,029,970
83$5,968,179$3,172,417$2,610,619$4,284,893
84$6,536,147$3,287,079$2,657,289$4,561,326
85$7,160,763$3,406,075$2,704,237$4,861,330
86$7,847,764$3,529,577$2,751,433$5,187,174
87$8,603,473$3,657,763$2,798,842$5,541,355
88$9,434,854$3,790,820$2,846,430$5,926,618
89$10,349,581$3,928,942$2,894,158$6,345,985
90$11,356,111$4,072,332$2,941,984$6,802,782
91$12,463,758$4,221,201$2,989,865$7,300,668
92$13,682,790$4,375,768$3,037,753$7,843,673
93$15,024,516$4,536,262$3,085,600$8,436,230
94$16,501,400$4,702,922$3,133,350$9,083,220
95$18,127,173$4,875,996$3,180,949$9,790,017
96$19,916,969$5,055,744$3,228,335$10,562,538
97$21,887,460$5,242,435$3,275,444$11,407,295
98$24,057,018$5,436,352$3,322,209$12,331,462
99$26,445,888$5,637,787$3,368,556$13,342,935
100$29,076,377$5,847,047$3,414,411$14,450,412