Can I retire at age 72 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$171,764$170,234$168,742$167,285$165,862$161,984
2 years$85,032$83,448$81,913$80,425$78,982$75,097
3 years$56,125$54,534$53,003$51,529$50,109$46,339
4 years$41,674$40,089$38,573$37,124$35,738$32,111
5 years$33,006$31,430$29,934$28,515$27,168$23,694
6 years$27,229$25,665$24,191$22,803$21,497$18,180
7 years$23,104$21,553$20,103$18,748$17,483$14,324
8 years$20,012$18,475$17,049$15,727$14,504$11,501
9 years$17,609$16,086$14,684$13,396$12,214$9,366
10 years$15,687$14,179$12,802$11,548$10,407$7,710
11 years$14,115$12,623$11,271$10,050$8,950$6,400
12 years$12,807$11,329$10,003$8,815$7,756$5,349
13 years$11,700$10,239$8,937$7,782$6,764$4,495
14 years$10,753$9,307$8,030$6,908$5,929$3,794
15 years$9,932$8,502$7,250$6,161$5,220$3,214
16 years$9,215$7,800$6,573$5,517$4,614$2,731
17 years$8,583$7,184$5,981$4,957$4,091$2,327
18 years$8,022$6,638$5,460$4,467$3,637$1,986
19 years$7,520$6,152$4,998$4,036$3,242$1,699
20 years$7,069$5,717$4,587$3,656$2,896$1,455
21 years$6,662$5,325$4,219$3,318$2,591$1,248
22 years$6,292$4,971$3,889$3,016$2,323$1,071
23 years$5,955$4,649$3,591$2,747$2,085$921
24 years$5,646$4,356$3,321$2,506$1,874$792
25 years$5,363$4,088$3,076$2,288$1,686$682
26 years$5,101$3,842$2,852$2,092$1,519$587
27 years$4,860$3,616$2,649$1,915$1,370$506
28 years$4,636$3,407$2,462$1,755$1,236$436
29 years$4,428$3,214$2,291$1,609$1,116$376
30 years$4,234$3,035$2,134$1,477$1,008$324
31 years$4,053$2,869$1,990$1,356$912$280
32 years$3,884$2,715$1,857$1,246$825$241
33 years$3,725$2,571$1,733$1,146$746$208
34 years$3,576$2,437$1,620$1,055$676$180
35 years$3,436$2,311$1,514$971$612$155
36 years$3,304$2,194$1,417$894$554$134
37 years$3,179$2,084$1,326$824$503$116
38 years$3,061$1,980$1,242$759$456$100
39 years$2,949$1,883$1,163$700$413$86
40 years$2,844$1,791$1,090$646$375$75
41 years$2,743$1,705$1,022$596$340$65
42 years$2,648$1,624$959$550$309$56
43 years$2,558$1,547$900$508$280$48
44 years$2,471$1,475$845$469$254$42
45 years$2,389$1,407$793$433$231$36
46 years$2,311$1,342$745$400$209$31
47 years$2,236$1,280$700$369$190$27
48 years$2,165$1,222$658$341$173$23
49 years$2,096$1,167$618$315$157$20
50 years$2,031$1,115$581$292$143$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,080,000, adding $4,516 every year, while hoping to spend $30,701 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: 55/38/7 Blend
71$2,080,000$2,080,000$2,080,000$2,080,000
72$2,296,818$2,186,578$2,154,338$2,419,212
73$2,498,428$2,261,055$2,193,843$2,576,830
74$2,719,573$2,338,152$2,233,642$2,744,557
75$2,962,214$2,417,966$2,273,713$2,926,417
76$3,228,509$2,500,595$2,314,032$3,123,758
77$3,520,836$2,586,144$2,354,572$3,338,059
78$3,841,817$2,674,720$2,395,305$3,570,950
79$4,194,336$2,766,435$2,436,201$3,824,222
80$4,581,572$2,861,404$2,477,228$4,099,847
81$5,007,028$2,959,749$2,518,351$4,399,991
82$5,474,562$3,061,593$2,559,532$4,727,041
83$5,988,423$3,167,068$2,600,733$5,083,623
84$6,553,296$3,276,308$2,641,911$5,472,625
85$7,174,338$3,389,453$2,683,021$5,897,226
86$7,857,234$3,506,650$2,724,016$6,360,927
87$8,608,246$3,628,049$2,764,844$6,867,579
88$9,434,271$3,753,808$2,805,451$7,421,424
89$10,342,914$3,884,091$2,845,780$8,027,129
90$11,342,547$4,019,068$2,885,770$8,689,835
91$12,442,400$4,158,915$2,925,356$9,415,200
92$13,652,639$4,303,817$2,964,470$10,209,455
93$14,984,469$4,453,964$3,003,040$11,079,461
94$16,450,231$4,609,555$3,040,989$12,032,774
95$18,063,527$4,770,796$3,078,235$13,077,714
96$19,839,344$4,937,902$3,114,693$14,223,443
97$21,794,195$5,111,096$3,150,272$15,480,052
98$23,946,274$5,290,611$3,184,878$16,858,656
99$26,315,631$5,476,689$3,218,408$18,371,496
100$28,924,358$5,669,579$3,250,757$20,032,053