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%16.5%
1 years$171,764$170,234$168,742$167,285$165,862$161,460
2 years$85,032$83,448$81,913$80,425$78,982$74,577
3 years$56,125$54,534$53,003$51,529$50,109$45,840
4 years$41,674$40,089$38,573$37,124$35,738$31,638
5 years$33,006$31,430$29,934$28,515$27,168$23,247
6 years$27,229$25,665$24,191$22,803$21,497$17,759
7 years$23,104$21,553$20,103$18,748$17,483$13,929
8 years$20,012$18,475$17,049$15,727$14,504$11,132
9 years$17,609$16,086$14,684$13,396$12,214$9,021
10 years$15,687$14,179$12,802$11,548$10,407$7,389
11 years$14,115$12,623$11,271$10,050$8,950$6,103
12 years$12,807$11,329$10,003$8,815$7,756$5,074
13 years$11,700$10,239$8,937$7,782$6,764$4,241
14 years$10,753$9,307$8,030$6,908$5,929$3,560
15 years$9,932$8,502$7,250$6,161$5,220$2,999
16 years$9,215$7,800$6,573$5,517$4,614$2,534
17 years$8,583$7,184$5,981$4,957$4,091$2,146
18 years$8,022$6,638$5,460$4,467$3,637$1,821
19 years$7,520$6,152$4,998$4,036$3,242$1,548
20 years$7,069$5,717$4,587$3,656$2,896$1,318
21 years$6,662$5,325$4,219$3,318$2,591$1,124
22 years$6,292$4,971$3,889$3,016$2,323$959
23 years$5,955$4,649$3,591$2,747$2,085$819
24 years$5,646$4,356$3,321$2,506$1,874$700
25 years$5,363$4,088$3,076$2,288$1,686$598
26 years$5,101$3,842$2,852$2,092$1,519$512
27 years$4,860$3,616$2,649$1,915$1,370$438
28 years$4,636$3,407$2,462$1,755$1,236$375
29 years$4,428$3,214$2,291$1,609$1,116$322
30 years$4,234$3,035$2,134$1,477$1,008$276
31 years$4,053$2,869$1,990$1,356$912$236
32 years$3,884$2,715$1,857$1,246$825$202
33 years$3,725$2,571$1,733$1,146$746$174
34 years$3,576$2,437$1,620$1,055$676$149
35 years$3,436$2,311$1,514$971$612$128
36 years$3,304$2,194$1,417$894$554$110
37 years$3,179$2,084$1,326$824$503$94
38 years$3,061$1,980$1,242$759$456$81
39 years$2,949$1,883$1,163$700$413$69
40 years$2,844$1,791$1,090$646$375$59
41 years$2,743$1,705$1,022$596$340$51
42 years$2,648$1,624$959$550$309$44
43 years$2,558$1,547$900$508$280$38
44 years$2,471$1,475$845$469$254$32
45 years$2,389$1,407$793$433$231$28
46 years$2,311$1,342$745$400$209$24
47 years$2,236$1,280$700$369$190$20
48 years$2,165$1,222$658$341$173$17
49 years$2,096$1,167$618$315$157$15
50 years$2,031$1,115$581$292$143$13

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 $6,616 every year, while hoping to spend $56,024 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: 55/39/6 Blend
71$2,080,000$2,080,000$2,080,000$2,080,000
72$2,298,984$2,188,744$2,156,504$2,422,050
73$2,473,872$2,236,384$2,169,138$2,553,452
74$2,664,720$2,284,480$2,180,318$2,689,640
75$2,873,098$2,332,996$2,189,935$2,836,532
76$3,100,732$2,381,891$2,197,876$2,995,151
77$3,349,525$2,431,121$2,204,022$3,166,625
78$3,621,568$2,480,638$2,208,249$3,352,195
79$3,919,168$2,530,389$2,210,425$3,553,228
80$4,244,860$2,580,316$2,210,412$3,771,230
81$4,601,441$2,630,356$2,208,066$4,007,860
82$4,991,986$2,680,442$2,203,234$4,264,946
83$5,419,885$2,730,500$2,195,758$4,544,502
84$5,888,868$2,780,450$2,185,472$4,848,748
85$6,403,048$2,830,206$2,172,200$5,180,129
86$6,966,949$2,879,676$2,155,759$5,541,339
87$7,585,557$2,928,761$2,135,957$5,935,348
88$8,264,366$2,977,351$2,112,593$6,365,428
89$9,009,423$3,025,333$2,085,456$6,835,185
90$9,827,391$3,072,582$2,054,326$7,348,593
91$10,725,611$3,118,964$2,018,972$7,910,033
92$11,712,168$3,164,338$1,979,152$8,524,332
93$12,795,969$3,208,551$1,934,614$9,196,812
94$13,986,826$3,251,438$1,885,092$9,933,334
95$15,295,549$3,292,826$1,830,309$10,740,365
96$16,734,047$3,332,526$1,769,977$11,625,026
97$18,315,440$3,370,340$1,703,791$12,595,170
98$20,054,183$3,406,054$1,631,435$13,659,451
99$21,966,200$3,439,441$1,552,579$14,827,408
100$24,069,037$3,470,258$1,466,875$16,109,556