Can I retire at age 72 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$170,939$169,416$167,930$166,481$165,065$162,263
2 years$84,623$83,047$81,520$80,039$78,602$75,789
3 years$55,855$54,272$52,749$51,282$49,868$47,130
4 years$41,474$39,896$38,387$36,945$35,567$32,925
5 years$32,847$31,279$29,790$28,378$27,037$24,499
6 years$27,098$25,541$24,075$22,694$21,394$18,962
7 years$22,993$21,450$20,006$18,658$17,399$15,075
8 years$19,916$18,386$16,967$15,652$14,434$12,217
9 years$17,524$16,009$14,614$13,332$12,155$10,045
10 years$15,611$14,111$12,741$11,492$10,357$8,350
11 years$14,047$12,562$11,217$10,002$8,907$7,003
12 years$12,745$11,275$9,954$8,773$7,719$5,914
13 years$11,644$10,189$8,894$7,745$6,731$5,022
14 years$10,701$9,262$7,991$6,875$5,900$4,286
15 years$9,885$8,461$7,215$6,131$5,195$3,671
16 years$9,171$7,763$6,541$5,490$4,592$3,155
17 years$8,542$7,149$5,952$4,933$4,071$2,719
18 years$7,983$6,606$5,434$4,445$3,620$2,348
19 years$7,484$6,122$4,974$4,017$3,226$2,032
20 years$7,035$5,689$4,565$3,638$2,882$1,762
21 years$6,630$5,299$4,199$3,302$2,579$1,529
22 years$6,262$4,947$3,870$3,002$2,312$1,329
23 years$5,926$4,627$3,573$2,734$2,075$1,157
24 years$5,619$4,335$3,305$2,494$1,865$1,008
25 years$5,337$4,068$3,061$2,277$1,678$878
26 years$5,077$3,823$2,839$2,082$1,512$766
27 years$4,836$3,598$2,636$1,906$1,363$669
28 years$4,614$3,391$2,451$1,746$1,230$584
29 years$4,407$3,199$2,280$1,601$1,111$510
30 years$4,214$3,021$2,124$1,470$1,003$446
31 years$4,034$2,856$1,980$1,350$907$390
32 years$3,865$2,702$1,848$1,240$821$341
33 years$3,707$2,559$1,725$1,141$743$298
34 years$3,559$2,425$1,612$1,050$672$261
35 years$3,419$2,300$1,507$966$609$228
36 years$3,288$2,183$1,410$890$552$200
37 years$3,164$2,074$1,320$820$500$175
38 years$3,046$1,971$1,236$756$453$153
39 years$2,935$1,874$1,158$697$411$134
40 years$2,830$1,783$1,085$643$373$118
41 years$2,730$1,697$1,017$593$338$103
42 years$2,635$1,616$954$547$307$90
43 years$2,545$1,540$896$505$279$79
44 years$2,459$1,468$841$466$253$69
45 years$2,378$1,400$789$431$230$61
46 years$2,300$1,335$741$398$208$53
47 years$2,225$1,274$697$368$189$47
48 years$2,154$1,217$655$340$172$41
49 years$2,086$1,162$615$314$156$36
50 years$2,021$1,110$578$290$142$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,070,000, adding $4,846 every year, while hoping to spend $25,920 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: 57/31/12 Blend
71$2,070,000$2,070,000$2,070,000$2,070,000
72$2,286,139$2,176,429$2,144,344$2,409,323
73$2,491,746$2,255,495$2,188,600$2,572,193
74$2,717,457$2,337,567$2,233,471$2,746,292
75$2,965,294$2,422,764$2,278,949$2,935,383
76$3,237,486$2,511,212$2,325,026$3,140,906
77$3,536,488$2,603,040$2,371,693$3,364,445
78$3,865,005$2,698,384$2,418,940$3,607,740
79$4,226,017$2,797,386$2,466,755$3,872,709
80$4,622,805$2,900,192$2,515,126$4,161,459
81$5,058,986$3,006,956$2,564,038$4,476,310
82$5,538,544$3,117,839$2,613,475$4,819,815
83$6,065,869$3,233,006$2,663,419$5,194,783
84$6,645,797$3,352,632$2,713,853$5,604,306
85$7,283,654$3,476,898$2,764,753$6,051,787
86$7,985,314$3,605,992$2,816,099$6,540,973
87$8,757,242$3,740,112$2,867,864$7,075,986
88$9,606,565$3,879,463$2,920,023$7,661,369
89$10,541,137$4,024,258$2,972,546$8,302,117
90$11,569,608$4,174,722$3,025,401$9,003,736
91$12,701,511$4,331,086$3,078,555$9,772,283
92$13,947,350$4,493,594$3,131,971$10,614,433
93$15,318,698$4,662,499$3,185,611$11,537,531
94$16,828,309$4,838,065$3,239,432$12,549,670
95$18,490,233$5,020,567$3,293,391$13,659,760
96$20,319,956$5,210,294$3,347,438$14,877,615
97$22,334,537$5,407,544$3,401,522$16,214,042
98$24,552,777$5,612,630$3,455,590$17,680,947
99$26,995,390$5,825,880$3,509,583$19,291,439
100$29,685,205$6,047,633$3,563,439$21,059,960