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

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$171,764$170,234$168,742$167,285$165,862$160,489
2 years$85,032$83,448$81,913$80,425$78,982$73,619
3 years$56,125$54,534$53,003$51,529$50,109$44,925
4 years$41,674$40,089$38,573$37,124$35,738$30,772
5 years$33,006$31,430$29,934$28,515$27,168$22,433
6 years$27,229$25,665$24,191$22,803$21,497$16,997
7 years$23,104$21,553$20,103$18,748$17,483$13,218
8 years$20,012$18,475$17,049$15,727$14,504$10,471
9 years$17,609$16,086$14,684$13,396$12,214$8,409
10 years$15,687$14,179$12,802$11,548$10,407$6,823
11 years$14,115$12,623$11,271$10,050$8,950$5,581
12 years$12,807$11,329$10,003$8,815$7,756$4,594
13 years$11,700$10,239$8,937$7,782$6,764$3,801
14 years$10,753$9,307$8,030$6,908$5,929$3,158
15 years$9,932$8,502$7,250$6,161$5,220$2,632
16 years$9,215$7,800$6,573$5,517$4,614$2,200
17 years$8,583$7,184$5,981$4,957$4,091$1,843
18 years$8,022$6,638$5,460$4,467$3,637$1,547
19 years$7,520$6,152$4,998$4,036$3,242$1,300
20 years$7,069$5,717$4,587$3,656$2,896$1,095
21 years$6,662$5,325$4,219$3,318$2,591$922
22 years$6,292$4,971$3,889$3,016$2,323$778
23 years$5,955$4,649$3,591$2,747$2,085$656
24 years$5,646$4,356$3,321$2,506$1,874$554
25 years$5,363$4,088$3,076$2,288$1,686$468
26 years$5,101$3,842$2,852$2,092$1,519$396
27 years$4,860$3,616$2,649$1,915$1,370$335
28 years$4,636$3,407$2,462$1,755$1,236$283
29 years$4,428$3,214$2,291$1,609$1,116$240
30 years$4,234$3,035$2,134$1,477$1,008$203
31 years$4,053$2,869$1,990$1,356$912$172
32 years$3,884$2,715$1,857$1,246$825$145
33 years$3,725$2,571$1,733$1,146$746$123
34 years$3,576$2,437$1,620$1,055$676$104
35 years$3,436$2,311$1,514$971$612$88
36 years$3,304$2,194$1,417$894$554$75
37 years$3,179$2,084$1,326$824$503$63
38 years$3,061$1,980$1,242$759$456$54
39 years$2,949$1,883$1,163$700$413$45
40 years$2,844$1,791$1,090$646$375$39
41 years$2,743$1,705$1,022$596$340$33
42 years$2,648$1,624$959$550$309$28
43 years$2,558$1,547$900$508$280$23
44 years$2,471$1,475$845$469$254$20
45 years$2,389$1,407$793$433$231$17
46 years$2,311$1,342$745$400$209$14
47 years$2,236$1,280$700$369$190$12
48 years$2,165$1,222$658$341$173$10
49 years$2,096$1,167$618$315$157$9
50 years$2,031$1,115$581$292$143$7

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 $5,955 every year, while hoping to spend $59,838 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: 38/49/13 Blend
71$2,080,000$2,080,000$2,080,000$2,080,000
72$2,298,303$2,188,063$2,155,823$2,376,356
73$2,469,062$2,231,610$2,164,375$2,476,083
74$2,655,234$2,275,287$2,171,209$2,577,547
75$2,858,326$2,319,034$2,176,204$2,685,891
76$3,080,001$2,362,792$2,179,231$2,801,761
77$3,322,084$2,406,492$2,180,159$2,925,871
78$3,586,590$2,450,064$2,178,848$3,059,007
79$3,875,734$2,493,428$2,175,150$3,202,039
80$4,191,954$2,536,502$2,168,914$3,355,924
81$4,537,937$2,579,194$2,159,976$3,521,719
82$4,916,641$2,621,409$2,148,169$3,700,590
83$5,331,320$2,663,040$2,133,315$3,893,822
84$5,785,563$2,703,977$2,115,229$4,102,836
85$6,283,317$2,744,098$2,093,716$4,329,197
86$6,828,932$2,783,276$2,068,572$4,574,634
87$7,427,199$2,821,372$2,039,585$4,841,053
88$8,083,393$2,858,239$2,006,530$5,130,557
89$8,803,325$2,893,719$1,969,175$5,445,469
90$9,593,396$2,927,643$1,927,275$5,788,348
91$10,460,657$2,959,832$1,880,573$6,162,021
92$11,412,873$2,990,093$1,828,801$6,569,605
93$12,458,600$3,018,221$1,771,680$7,014,540
94$13,607,262$3,043,999$1,708,916$7,500,621
95$14,869,241$3,067,193$1,640,203$8,032,036
96$16,255,974$3,087,556$1,565,220$8,613,403
97$17,780,061$3,104,824$1,483,633$9,249,819
98$19,455,384$3,118,716$1,395,091$9,946,905
99$21,297,234$3,128,935$1,299,228$10,710,863
100$23,322,461$3,135,162$1,195,661$11,548,535