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

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$170,939$169,416$167,930$166,481$165,065$162,464
2 years$84,623$83,047$81,520$80,039$78,602$75,989
3 years$55,855$54,272$52,749$51,282$49,868$47,324
4 years$41,474$39,896$38,387$36,945$35,567$33,110
5 years$32,847$31,279$29,790$28,378$27,037$24,676
6 years$27,098$25,541$24,075$22,694$21,394$19,130
7 years$22,993$21,450$20,006$18,658$17,399$15,234
8 years$19,916$18,386$16,967$15,652$14,434$12,368
9 years$17,524$16,009$14,614$13,332$12,155$10,186
10 years$15,611$14,111$12,741$11,492$10,357$8,484
11 years$14,047$12,562$11,217$10,002$8,907$7,128
12 years$12,745$11,275$9,954$8,773$7,719$6,031
13 years$11,644$10,189$8,894$7,745$6,731$5,132
14 years$10,701$9,262$7,991$6,875$5,900$4,388
15 years$9,885$8,461$7,215$6,131$5,195$3,767
16 years$9,171$7,763$6,541$5,490$4,592$3,244
17 years$8,542$7,149$5,952$4,933$4,071$2,801
18 years$7,983$6,606$5,434$4,445$3,620$2,425
19 years$7,484$6,122$4,974$4,017$3,226$2,103
20 years$7,035$5,689$4,565$3,638$2,882$1,827
21 years$6,630$5,299$4,199$3,302$2,579$1,590
22 years$6,262$4,947$3,870$3,002$2,312$1,385
23 years$5,926$4,627$3,573$2,734$2,075$1,208
24 years$5,619$4,335$3,305$2,494$1,865$1,055
25 years$5,337$4,068$3,061$2,277$1,678$922
26 years$5,077$3,823$2,839$2,082$1,512$806
27 years$4,836$3,598$2,636$1,906$1,363$705
28 years$4,614$3,391$2,451$1,746$1,230$617
29 years$4,407$3,199$2,280$1,601$1,111$541
30 years$4,214$3,021$2,124$1,470$1,003$474
31 years$4,034$2,856$1,980$1,350$907$415
32 years$3,865$2,702$1,848$1,240$821$364
33 years$3,707$2,559$1,725$1,141$743$319
34 years$3,559$2,425$1,612$1,050$672$280
35 years$3,419$2,300$1,507$966$609$246
36 years$3,288$2,183$1,410$890$552$216
37 years$3,164$2,074$1,320$820$500$189
38 years$3,046$1,971$1,236$756$453$166
39 years$2,935$1,874$1,158$697$411$146
40 years$2,830$1,783$1,085$643$373$128
41 years$2,730$1,697$1,017$593$338$112
42 years$2,635$1,616$954$547$307$99
43 years$2,545$1,540$896$505$279$87
44 years$2,459$1,468$841$466$253$76
45 years$2,378$1,400$789$431$230$67
46 years$2,300$1,335$741$398$208$59
47 years$2,225$1,274$697$368$189$52
48 years$2,154$1,217$655$340$172$45
49 years$2,086$1,162$615$314$156$40
50 years$2,021$1,110$578$290$142$35

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 $6,839 every year, while hoping to spend $43,636 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: 35/39/26 Blend
71$2,070,000$2,070,000$2,070,000$2,070,000
72$2,288,194$2,178,484$2,146,399$2,350,107
73$2,475,162$2,238,802$2,171,875$2,457,140
74$2,679,738$2,300,612$2,196,742$2,568,107
75$2,903,671$2,363,943$2,220,934$2,686,984
76$3,148,890$2,428,821$2,244,380$2,814,506
77$3,417,517$2,495,272$2,267,006$2,951,483
78$3,711,887$2,563,324$2,288,734$3,098,806
79$4,034,575$2,633,003$2,309,483$3,257,457
80$4,388,416$2,704,334$2,329,165$3,428,517
81$4,776,532$2,777,344$2,347,689$3,613,175
82$5,202,361$2,852,057$2,364,959$3,812,743
83$5,669,692$2,928,497$2,380,875$4,028,664
84$6,182,695$3,006,689$2,395,330$4,262,529
85$6,745,968$3,086,655$2,408,211$4,516,091
86$7,364,573$3,168,417$2,419,403$4,791,278
87$8,044,087$3,251,997$2,428,780$5,090,219
88$8,790,654$3,337,414$2,436,214$5,415,256
89$9,611,042$3,424,689$2,441,568$5,768,971
90$10,512,707$3,513,837$2,444,699$6,154,209
91$11,503,864$3,604,876$2,445,458$6,574,104
92$12,593,563$3,697,820$2,443,686$7,032,112
93$13,791,775$3,792,682$2,439,218$7,532,038
94$15,109,486$3,889,473$2,431,881$8,078,078
95$16,558,798$3,988,201$2,421,493$8,674,856
96$18,153,046$4,088,874$2,407,864$9,327,465
97$19,906,923$4,191,495$2,390,794$10,041,521
98$21,836,616$4,296,066$2,370,073$10,823,212
99$23,959,963$4,402,585$2,345,482$11,679,359
100$26,296,616$4,511,048$2,316,792$12,617,478