Can I retire at age 72 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$172,590$171,053$169,553$168,089$166,660$165,609
2 years$85,441$83,849$82,307$80,812$79,362$78,302
3 years$56,395$54,797$53,258$51,777$50,350$49,315
4 years$41,874$40,281$38,758$37,302$35,910$34,906
5 years$33,165$31,581$30,078$28,652$27,298$26,329
6 years$27,360$25,788$24,308$22,913$21,600$20,667
7 years$23,215$21,657$20,200$18,838$17,567$16,669
8 years$20,108$18,564$17,131$15,803$14,573$13,712
9 years$17,693$16,163$14,755$13,461$12,273$11,448
10 years$15,762$14,247$12,864$11,603$10,457$9,668
11 years$14,183$12,683$11,325$10,098$8,993$8,239
12 years$12,868$11,384$10,051$8,857$7,794$7,074
13 years$11,757$10,288$8,980$7,820$6,796$6,110
14 years$10,804$9,351$8,068$6,942$5,957$5,304
15 years$9,980$8,543$7,284$6,191$5,245$4,625
16 years$9,259$7,838$6,604$5,543$4,636$4,046
17 years$8,624$7,218$6,010$4,980$4,111$3,551
18 years$8,060$6,670$5,486$4,488$3,655$3,125
19 years$7,556$6,182$5,022$4,056$3,258$2,756
20 years$7,103$5,744$4,609$3,673$2,910$2,435
21 years$6,694$5,351$4,240$3,334$2,604$2,156
22 years$6,322$4,995$3,907$3,031$2,334$1,911
23 years$5,983$4,671$3,608$2,760$2,095$1,696
24 years$5,673$4,377$3,337$2,518$1,883$1,508
25 years$5,388$4,107$3,090$2,299$1,695$1,341
26 years$5,126$3,860$2,866$2,102$1,526$1,194
27 years$4,883$3,633$2,662$1,924$1,376$1,064
28 years$4,658$3,423$2,474$1,763$1,242$949
29 years$4,449$3,229$2,302$1,617$1,121$847
30 years$4,254$3,050$2,145$1,484$1,013$756
31 years$4,072$2,883$1,999$1,363$916$675
32 years$3,902$2,728$1,865$1,252$829$603
33 years$3,743$2,584$1,742$1,152$750$539
34 years$3,593$2,449$1,627$1,060$679$482
35 years$3,452$2,322$1,522$975$615$431
36 years$3,319$2,204$1,423$898$557$386
37 years$3,194$2,094$1,332$828$505$345
38 years$3,076$1,990$1,248$763$458$309
39 years$2,964$1,892$1,169$703$415$277
40 years$2,857$1,800$1,096$649$377$248
41 years$2,757$1,714$1,027$599$342$222
42 years$2,661$1,632$964$552$310$199
43 years$2,570$1,555$904$510$281$178
44 years$2,483$1,482$849$471$255$160
45 years$2,401$1,413$797$435$232$143
46 years$2,322$1,348$749$402$210$128
47 years$2,247$1,287$703$371$191$115
48 years$2,175$1,228$661$343$174$103
49 years$2,106$1,173$621$317$158$92
50 years$2,041$1,120$584$293$143$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,090,000, adding $3,861 every year, while hoping to spend $52,874 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: 24/50/26 Blend
71$2,090,000$2,090,000$2,090,000$2,090,000
72$2,307,163$2,196,393$2,163,998$2,343,464
73$2,486,236$2,247,758$2,180,234$2,425,605
74$2,681,802$2,299,869$2,195,242$2,508,795
75$2,895,488$2,352,705$2,208,925$2,596,806
76$3,129,085$2,406,244$2,221,181$2,690,071
77$3,384,564$2,460,462$2,231,903$2,789,071
78$3,664,095$2,515,331$2,240,977$2,894,334
79$3,970,069$2,570,818$2,248,287$3,006,445
80$4,305,118$2,626,890$2,253,706$3,126,047
81$4,672,140$2,683,508$2,257,105$3,253,854
82$5,074,328$2,740,629$2,258,347$3,390,649
83$5,515,195$2,798,206$2,257,288$3,537,300
84$5,998,615$2,856,188$2,253,777$3,694,762
85$6,528,851$2,914,519$2,247,656$3,864,092
86$7,110,600$2,973,136$2,238,759$4,046,455
87$7,749,035$3,031,974$2,226,911$4,243,138
88$8,449,855$3,090,959$2,211,931$4,455,561
89$9,219,337$3,150,012$2,193,627$4,685,292
90$10,064,395$3,209,049$2,171,799$4,934,060
91$10,992,647$3,267,976$2,146,238$5,203,776
92$12,012,483$3,326,693$2,116,723$5,496,547
93$13,133,148$3,385,093$2,083,026$5,814,701
94$14,364,826$3,443,059$2,044,904$6,160,805
95$15,718,736$3,500,467$2,002,106$6,537,693
96$17,207,239$3,557,181$1,954,368$6,948,494
97$18,843,953$3,613,058$1,901,415$7,396,659
98$20,643,881$3,667,943$1,842,957$7,885,998
99$22,623,554$3,721,670$1,778,693$8,420,715
100$24,801,185$3,774,059$1,708,307$9,005,449