Can I retire at age 72 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$175,068$173,508$171,987$170,502$169,052$168,127
2 years$86,667$85,053$83,489$81,972$80,501$79,568
3 years$57,204$55,583$54,023$52,520$51,073$50,161
4 years$42,476$40,859$39,315$37,838$36,426$35,541
5 years$33,641$32,034$30,510$29,063$27,690$26,836
6 years$27,753$26,158$24,656$23,242$21,910$21,087
7 years$23,549$21,968$20,490$19,109$17,819$17,027
8 years$20,397$18,830$17,377$16,030$14,783$14,023
9 years$17,947$16,395$14,967$13,654$12,449$11,721
10 years$15,988$14,452$13,048$11,770$10,607$9,910
11 years$14,387$12,865$11,488$10,243$9,123$8,456
12 years$13,053$11,547$10,195$8,985$7,905$7,269
13 years$11,925$10,435$9,108$7,932$6,894$6,287
14 years$10,960$9,486$8,184$7,041$6,043$5,465
15 years$10,123$8,665$7,389$6,280$5,321$4,771
16 years$9,392$7,950$6,699$5,623$4,702$4,180
17 years$8,748$7,322$6,096$5,052$4,170$3,673
18 years$8,176$6,766$5,565$4,553$3,707$3,237
19 years$7,665$6,270$5,094$4,114$3,304$2,859
20 years$7,205$5,827$4,675$3,726$2,952$2,530
21 years$6,790$5,427$4,300$3,381$2,641$2,243
22 years$6,413$5,066$3,964$3,075$2,368$1,991
23 years$6,069$4,738$3,660$2,800$2,125$1,770
24 years$5,755$4,440$3,385$2,554$1,910$1,576
25 years$5,466$4,166$3,135$2,332$1,719$1,404
26 years$5,199$3,916$2,907$2,132$1,548$1,252
27 years$4,953$3,685$2,700$1,952$1,396$1,117
28 years$4,725$3,472$2,510$1,788$1,260$998
29 years$4,513$3,276$2,336$1,640$1,137$892
30 years$4,315$3,094$2,175$1,505$1,028$797
31 years$4,131$2,925$2,028$1,382$929$713
32 years$3,958$2,767$1,892$1,270$840$639
33 years$3,797$2,621$1,767$1,168$761$572
34 years$3,645$2,484$1,651$1,075$689$512
35 years$3,502$2,356$1,543$989$624$459
36 years$3,367$2,236$1,444$911$565$411
37 years$3,240$2,124$1,351$840$512$369
38 years$3,120$2,018$1,266$774$464$331
39 years$3,006$1,919$1,186$714$421$297
40 years$2,898$1,826$1,111$658$382$266
41 years$2,796$1,738$1,042$607$347$239
42 years$2,699$1,655$977$560$314$214
43 years$2,607$1,577$917$517$285$192
44 years$2,519$1,503$861$478$259$173
45 years$2,435$1,434$808$441$235$155
46 years$2,355$1,368$759$407$214$139
47 years$2,279$1,305$713$376$194$125
48 years$2,206$1,246$670$348$176$112
49 years$2,137$1,190$630$321$160$101
50 years$2,070$1,137$592$297$145$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,120,000, adding $5,573 every year, while hoping to spend $56,136 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: 62/10/28 Blend
71$2,120,000$2,120,000$2,120,000$2,120,000
72$2,341,989$2,229,629$2,196,769$2,469,284
73$2,521,143$2,279,152$2,210,632$2,605,972
74$2,716,690$2,329,221$2,223,078$2,748,577
75$2,930,242$2,379,802$2,234,001$2,903,101
76$3,163,574$2,430,860$2,243,288$3,070,722
77$3,418,642$2,482,355$2,250,821$3,252,736
78$3,697,596$2,534,244$2,256,476$3,450,574
79$4,002,807$2,586,477$2,260,124$3,665,811
80$4,336,883$2,639,004$2,261,628$3,900,186
81$4,702,697$2,691,768$2,260,845$4,155,614
82$5,103,413$2,744,705$2,257,624$4,434,207
83$5,542,514$2,797,749$2,251,808$4,738,293
84$6,023,839$2,850,827$2,243,231$5,070,438
85$6,551,612$2,903,859$2,231,721$5,433,471
86$7,130,488$2,956,760$2,217,095$5,830,511
87$7,765,594$3,009,437$2,199,164$6,264,996
88$8,462,576$3,061,791$2,177,728$6,740,716
89$9,227,655$3,113,715$2,152,578$7,261,850
90$10,067,681$3,165,092$2,123,494$7,833,002
91$10,990,203$3,215,800$2,090,249$8,459,252
92$12,003,533$3,265,704$2,052,603$9,146,195
93$13,116,832$3,314,662$2,010,303$9,900,003
94$14,340,189$3,362,520$1,963,088$10,727,478
95$15,684,719$3,409,114$1,910,683$11,636,117
96$17,162,669$3,454,270$1,852,799$12,634,187
97$18,787,531$3,497,798$1,789,137$13,730,799
98$20,574,167$3,539,499$1,719,382$14,935,996
99$22,538,956$3,579,158$1,643,205$16,260,851
100$24,699,939$3,616,546$1,560,262$17,717,568