Can I retire at age 72 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$170,113$168,598$167,119$165,676$164,267$160,361
2 years$84,214$82,646$81,126$79,652$78,223$74,310
3 years$55,585$54,010$52,494$51,034$49,628$45,831
4 years$41,273$39,703$38,202$36,767$35,395$31,743
5 years$32,689$31,128$29,646$28,241$26,907$23,410
6 years$26,967$25,418$23,959$22,584$21,290$17,953
7 years$22,882$21,346$19,910$18,568$17,315$14,137
8 years$19,820$18,298$16,885$15,576$14,364$11,344
9 years$17,439$15,931$14,543$13,267$12,097$9,232
10 years$15,536$14,043$12,679$11,437$10,307$7,595
11 years$13,980$12,501$11,162$9,953$8,864$6,301
12 years$12,684$11,221$9,906$8,730$7,682$5,263
13 years$11,588$10,140$8,851$7,708$6,699$4,419
14 years$10,649$9,217$7,952$6,842$5,872$3,728
15 years$9,837$8,420$7,180$6,102$5,170$3,156
16 years$9,127$7,725$6,510$5,463$4,569$2,680
17 years$8,501$7,115$5,924$4,909$4,052$2,281
18 years$7,945$6,574$5,407$4,424$3,602$1,946
19 years$7,448$6,093$4,950$3,997$3,211$1,663
20 years$7,001$5,662$4,543$3,620$2,868$1,423
21 years$6,598$5,274$4,179$3,286$2,567$1,220
22 years$6,231$4,923$3,851$2,987$2,301$1,047
23 years$5,897$4,604$3,556$2,721$2,065$899
24 years$5,592$4,314$3,289$2,481$1,856$772
25 years$5,311$4,048$3,046$2,266$1,670$664
26 years$5,052$3,805$2,825$2,072$1,505$572
27 years$4,813$3,581$2,623$1,897$1,356$492
28 years$4,591$3,374$2,439$1,738$1,224$424
29 years$4,385$3,183$2,269$1,594$1,105$365
30 years$4,193$3,006$2,114$1,462$999$315
31 years$4,014$2,842$1,971$1,343$903$271
32 years$3,846$2,689$1,839$1,234$817$234
33 years$3,689$2,546$1,717$1,135$739$202
34 years$3,542$2,413$1,604$1,044$669$174
35 years$3,403$2,289$1,500$961$606$150
36 years$3,272$2,173$1,403$885$549$130
37 years$3,148$2,064$1,313$816$498$112
38 years$3,032$1,961$1,230$752$451$96
39 years$2,921$1,865$1,152$693$409$83
40 years$2,816$1,774$1,080$640$371$72
41 years$2,717$1,689$1,013$590$337$62
42 years$2,623$1,608$950$545$306$54
43 years$2,533$1,533$891$503$277$46
44 years$2,448$1,461$837$464$252$40
45 years$2,366$1,393$786$429$228$34
46 years$2,289$1,329$738$396$207$30
47 years$2,215$1,268$693$366$188$26
48 years$2,144$1,211$651$338$171$22
49 years$2,076$1,156$612$312$155$19
50 years$2,011$1,104$576$289$141$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,060,000, adding $5,631 every year, while hoping to spend $55,898 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: 72/6/22 Blend
71$2,060,000$2,060,000$2,060,000$2,060,000
72$2,275,928$2,166,748$2,134,818$2,427,095
73$2,448,598$2,213,444$2,146,860$2,575,242
74$2,637,007$2,260,554$2,157,431$2,730,259
75$2,842,700$2,308,040$2,166,424$2,898,660
76$3,067,381$2,355,860$2,173,725$3,081,767
77$3,312,924$2,403,967$2,179,214$3,281,039
78$3,581,391$2,452,310$2,182,766$3,498,079
79$3,875,053$2,500,834$2,184,250$3,734,657
80$4,196,413$2,549,479$2,183,527$3,992,723
81$4,548,224$2,598,180$2,180,451$4,274,425
82$4,933,518$2,646,866$2,174,872$4,582,130
83$5,355,636$2,695,462$2,166,629$4,918,447
84$5,818,255$2,743,883$2,155,555$5,286,251
85$6,325,426$2,792,043$2,141,475$5,688,711
86$6,881,610$2,839,844$2,124,206$6,129,319
87$7,491,721$2,887,183$2,103,554$6,611,925
88$8,161,172$2,933,950$2,079,318$7,140,769
89$8,895,923$2,980,025$2,051,286$7,720,526
90$9,702,542$3,025,281$2,019,239$8,356,349
91$10,588,261$3,069,580$1,982,944$9,053,916
92$11,561,050$3,112,776$1,942,159$9,819,486
93$12,629,686$3,154,711$1,896,630$10,659,955
94$13,803,840$3,195,217$1,846,093$11,582,926
95$15,094,164$3,234,115$1,790,269$12,596,777
96$16,512,394$3,271,212$1,728,869$13,710,742
97$18,071,461$3,306,304$1,661,588$14,934,999
98$19,785,608$3,339,172$1,588,110$16,280,765
99$21,670,531$3,369,582$1,508,102$17,760,401
100$23,743,519$3,397,286$1,421,218$19,387,533