Can I retire at age 72 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$176,719$175,145$173,609$172,110$170,647$169,642
2 years$87,485$85,855$84,276$82,745$81,260$80,247
3 years$57,744$56,107$54,532$53,016$51,555$50,564
4 years$42,876$41,245$39,686$38,195$36,769$35,809
5 years$33,958$32,337$30,798$29,337$27,951$27,024
6 years$28,015$26,405$24,889$23,461$22,117$21,223
7 years$23,771$22,175$20,683$19,289$17,987$17,128
8 years$20,590$19,008$17,541$16,181$14,922$14,098
9 years$18,116$16,550$15,108$13,783$12,567$11,776
10 years$16,139$14,588$13,171$11,881$10,707$9,951
11 years$14,522$12,987$11,596$10,340$9,209$8,486
12 years$13,176$11,656$10,291$9,069$7,980$7,290
13 years$12,038$10,534$9,194$8,007$6,959$6,301
14 years$11,063$9,575$8,261$7,108$6,100$5,474
15 years$10,219$8,747$7,459$6,339$5,371$4,775
16 years$9,481$8,025$6,762$5,676$4,747$4,181
17 years$8,831$7,391$6,154$5,100$4,209$3,672
18 years$8,253$6,829$5,617$4,596$3,742$3,233
19 years$7,737$6,330$5,142$4,153$3,336$2,854
20 years$7,273$5,882$4,719$3,761$2,979$2,523
21 years$6,854$5,479$4,341$3,413$2,666$2,235
22 years$6,473$5,114$4,001$3,104$2,390$1,983
23 years$6,127$4,783$3,694$2,826$2,145$1,762
24 years$5,809$4,481$3,416$2,578$1,928$1,567
25 years$5,517$4,206$3,164$2,354$1,735$1,395
26 years$5,248$3,953$2,935$2,153$1,563$1,243
27 years$5,000$3,720$2,725$1,970$1,409$1,109
28 years$4,770$3,505$2,533$1,805$1,271$989
29 years$4,556$3,307$2,358$1,655$1,148$883
30 years$4,356$3,123$2,196$1,519$1,037$789
31 years$4,170$2,952$2,047$1,395$938$706
32 years$3,996$2,793$1,910$1,282$848$631
33 years$3,832$2,645$1,783$1,179$768$565
34 years$3,679$2,507$1,666$1,085$695$505
35 years$3,535$2,378$1,558$999$630$452
36 years$3,399$2,257$1,457$920$570$405
37 years$3,271$2,144$1,364$848$517$363
38 years$3,149$2,037$1,277$781$469$325
39 years$3,034$1,937$1,197$720$425$291
40 years$2,926$1,843$1,122$664$386$261
41 years$2,823$1,754$1,052$613$350$234
42 years$2,725$1,671$987$566$317$210
43 years$2,631$1,592$926$522$288$188
44 years$2,543$1,518$869$482$261$169
45 years$2,458$1,447$816$445$237$151
46 years$2,377$1,381$766$411$216$136
47 years$2,301$1,317$720$380$196$122
48 years$2,227$1,258$677$351$178$109
49 years$2,157$1,201$636$325$161$98
50 years$2,089$1,147$598$300$147$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,140,000, adding $6,964 every year, while hoping to spend $50,053 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: 59/28/13 Blend
71$2,140,000$2,140,000$2,140,000$2,140,000
72$2,365,463$2,252,043$2,218,873$2,497,002
73$2,553,485$2,309,137$2,239,950$2,643,580
74$2,759,006$2,367,352$2,260,054$2,797,138
75$2,983,761$2,426,688$2,279,102$2,963,392
76$3,229,656$2,487,147$2,297,003$3,143,570
77$3,498,791$2,548,727$2,313,663$3,339,026
78$3,793,478$2,611,425$2,328,981$3,551,248
79$4,116,265$2,675,237$2,342,854$3,781,878
80$4,469,955$2,740,155$2,355,171$4,032,721
81$4,857,638$2,806,169$2,365,816$4,305,767
82$5,282,713$2,873,269$2,374,668$4,603,209
83$5,748,929$2,941,438$2,381,598$4,927,461
84$6,260,412$3,010,660$2,386,474$5,281,182
85$6,821,706$3,080,914$2,389,153$5,667,304
86$7,437,818$3,152,177$2,389,487$6,089,055
87$8,114,263$3,224,422$2,387,323$6,549,991
88$8,857,116$3,297,616$2,382,496$7,054,032
89$9,673,068$3,371,726$2,374,836$7,605,495
90$10,569,492$3,446,711$2,364,164$8,209,139
91$11,554,509$3,522,529$2,350,292$8,870,205
92$12,637,066$3,599,130$2,333,024$9,594,471
93$13,827,020$3,676,461$2,312,154$10,388,301
94$15,135,230$3,754,461$2,287,465$11,258,710
95$16,573,660$3,833,066$2,258,731$12,213,427
96$18,155,490$3,912,203$2,225,716$13,260,970
97$19,895,244$3,991,795$2,188,171$14,410,724
98$21,808,921$4,071,755$2,145,837$15,673,033
99$23,914,151$4,151,991$2,098,442$17,059,296
100$26,230,356$4,232,401$2,045,702$18,582,072