Can I retire at age 72 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$174,242$172,690$171,176$169,698$168,254$163,722
2 years$86,258$84,652$83,095$81,585$80,121$75,587
3 years$56,934$55,321$53,768$52,273$50,832$46,439
4 years$42,275$40,667$39,129$37,659$36,254$32,035
5 years$33,482$31,883$30,366$28,926$27,560$23,526
6 years$27,622$26,035$24,540$23,132$21,807$17,963
7 years$23,438$21,864$20,393$19,018$17,735$14,081
8 years$20,301$18,742$17,295$15,954$14,713$11,247
9 years$17,862$16,318$14,896$13,589$12,390$9,109
10 years$15,913$14,383$12,987$11,714$10,557$7,456
11 years$14,319$12,805$11,433$10,195$9,080$6,154
12 years$12,991$11,493$10,147$8,942$7,868$5,113
13 years$11,869$10,386$9,065$7,895$6,861$4,271
14 years$10,908$9,441$8,145$7,008$6,014$3,583
15 years$10,076$8,624$7,354$6,250$5,296$3,016
16 years$9,348$7,913$6,668$5,596$4,680$2,546
17 years$8,707$7,287$6,067$5,028$4,150$2,155
18 years$8,137$6,734$5,539$4,531$3,690$1,828
19 years$7,629$6,241$5,070$4,094$3,289$1,553
20 years$7,171$5,799$4,653$3,708$2,938$1,321
21 years$6,758$5,402$4,280$3,365$2,629$1,125
22 years$6,383$5,042$3,945$3,060$2,356$959
23 years$6,041$4,716$3,642$2,787$2,115$819
24 years$5,728$4,419$3,369$2,542$1,901$699
25 years$5,440$4,147$3,120$2,321$1,711$597
26 years$5,175$3,897$2,894$2,122$1,541$511
27 years$4,930$3,668$2,687$1,943$1,389$437
28 years$4,703$3,456$2,498$1,780$1,254$374
29 years$4,492$3,260$2,324$1,632$1,132$320
30 years$4,295$3,079$2,165$1,498$1,023$274
31 years$4,111$2,911$2,019$1,376$925$235
32 years$3,940$2,754$1,883$1,264$837$201
33 years$3,779$2,608$1,758$1,163$757$172
34 years$3,627$2,472$1,643$1,070$685$148
35 years$3,485$2,345$1,536$985$621$126
36 years$3,351$2,225$1,437$907$562$108
37 years$3,225$2,114$1,345$836$510$93
38 years$3,105$2,009$1,260$770$462$80
39 years$2,992$1,910$1,180$710$419$68
40 years$2,885$1,817$1,106$655$380$59
41 years$2,783$1,730$1,037$604$345$50
42 years$2,686$1,647$973$558$313$43
43 years$2,594$1,570$913$515$284$37
44 years$2,507$1,496$857$475$258$32
45 years$2,424$1,427$805$439$234$27
46 years$2,344$1,361$756$406$212$23
47 years$2,268$1,299$710$375$193$20
48 years$2,196$1,240$667$346$175$17
49 years$2,126$1,184$627$320$159$15
50 years$2,060$1,131$590$296$145$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,110,000, adding $6,670 every year, while hoping to spend $43,721 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: 71/22/7 Blend
71$2,110,000$2,110,000$2,110,000$2,110,000
72$2,332,100$2,220,270$2,187,565$2,494,747
73$2,523,456$2,282,545$2,214,330$2,665,343
74$2,732,864$2,346,405$2,240,526$2,845,946
75$2,962,120$2,411,883$2,266,088$3,042,411
76$3,213,202$2,479,011$2,290,947$3,256,285
77$3,488,285$2,547,819$2,315,030$3,489,276
78$3,789,769$2,618,341$2,338,262$3,743,260
79$4,120,292$2,690,606$2,360,561$4,020,305
80$4,482,764$2,764,648$2,381,842$4,322,688
81$4,880,387$2,840,497$2,402,015$4,652,916
82$5,316,690$2,918,185$2,420,985$5,013,750
83$5,795,558$2,997,742$2,438,655$5,408,231
84$6,321,273$3,079,199$2,454,918$5,839,707
85$6,898,550$3,162,587$2,469,664$6,311,867
86$7,532,583$3,247,935$2,482,779$6,828,774
87$8,229,094$3,335,271$2,494,140$7,394,904
88$8,994,388$3,424,625$2,503,619$8,015,185
89$9,835,408$3,516,024$2,511,083$8,695,048
90$10,759,805$3,609,495$2,516,390$9,440,476
91$11,776,008$3,705,063$2,519,392$10,258,059
92$12,893,303$3,802,754$2,519,934$11,155,056
93$14,121,920$3,902,589$2,517,852$12,139,466
94$15,473,132$4,004,592$2,512,976$13,220,102
95$16,959,357$4,108,782$2,505,126$14,406,671
96$18,594,278$4,215,179$2,494,114$15,709,871
97$20,392,970$4,323,798$2,479,742$17,141,487
98$22,372,044$4,434,656$2,461,805$18,714,504
99$24,549,802$4,547,763$2,440,085$20,443,229
100$26,946,409$4,663,131$2,414,355$22,343,427