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%11.3%
1 years$176,719$175,145$173,609$172,110$170,647$169,713
2 years$87,485$85,855$84,276$82,745$81,260$80,319
3 years$57,744$56,107$54,532$53,016$51,555$50,634
4 years$42,876$41,245$39,686$38,195$36,769$35,876
5 years$33,958$32,337$30,798$29,337$27,951$27,089
6 years$28,015$26,405$24,889$23,461$22,117$21,286
7 years$23,771$22,175$20,683$19,289$17,987$17,188
8 years$20,590$19,008$17,541$16,181$14,922$14,155
9 years$18,116$16,550$15,108$13,783$12,567$11,831
10 years$16,139$14,588$13,171$11,881$10,707$10,003
11 years$14,522$12,987$11,596$10,340$9,209$8,536
12 years$13,176$11,656$10,291$9,069$7,980$7,338
13 years$12,038$10,534$9,194$8,007$6,959$6,346
14 years$11,063$9,575$8,261$7,108$6,100$5,516
15 years$10,219$8,747$7,459$6,339$5,371$4,816
16 years$9,481$8,025$6,762$5,676$4,747$4,219
17 years$8,831$7,391$6,154$5,100$4,209$3,708
18 years$8,253$6,829$5,617$4,596$3,742$3,267
19 years$7,737$6,330$5,142$4,153$3,336$2,886
20 years$7,273$5,882$4,719$3,761$2,979$2,554
21 years$6,854$5,479$4,341$3,413$2,666$2,264
22 years$6,473$5,114$4,001$3,104$2,390$2,010
23 years$6,127$4,783$3,694$2,826$2,145$1,787
24 years$5,809$4,481$3,416$2,578$1,928$1,590
25 years$5,517$4,206$3,164$2,354$1,735$1,417
26 years$5,248$3,953$2,935$2,153$1,563$1,264
27 years$5,000$3,720$2,725$1,970$1,409$1,128
28 years$4,770$3,505$2,533$1,805$1,271$1,007
29 years$4,556$3,307$2,358$1,655$1,148$900
30 years$4,356$3,123$2,196$1,519$1,037$805
31 years$4,170$2,952$2,047$1,395$938$720
32 years$3,996$2,793$1,910$1,282$848$645
33 years$3,832$2,645$1,783$1,179$768$577
34 years$3,679$2,507$1,666$1,085$695$517
35 years$3,535$2,378$1,558$999$630$463
36 years$3,399$2,257$1,457$920$570$415
37 years$3,271$2,144$1,364$848$517$372
38 years$3,149$2,037$1,277$781$469$334
39 years$3,034$1,937$1,197$720$425$299
40 years$2,926$1,843$1,122$664$386$269
41 years$2,823$1,754$1,052$613$350$241
42 years$2,725$1,671$987$566$317$216
43 years$2,631$1,592$926$522$288$194
44 years$2,543$1,518$869$482$261$174
45 years$2,458$1,447$816$445$237$156
46 years$2,377$1,381$766$411$216$140
47 years$2,301$1,317$720$380$196$126
48 years$2,227$1,258$677$351$178$113
49 years$2,157$1,201$636$325$161$102
50 years$2,089$1,147$598$300$147$91

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 $3,248 every year, while hoping to spend $50,621 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: 45/42/13 Blend
71$2,140,000$2,140,000$2,140,000$2,140,000
72$2,361,630$2,248,210$2,215,040$2,459,013
73$2,548,656$2,304,512$2,235,384$2,583,351
74$2,753,062$2,361,876$2,254,712$2,712,706
75$2,976,568$2,420,301$2,272,938$2,851,856
76$3,221,065$2,479,784$2,289,969$3,001,726
77$3,488,640$2,540,319$2,305,709$3,163,333
78$3,781,586$2,601,900$2,320,055$3,337,800
79$4,102,432$2,664,517$2,332,901$3,526,361
80$4,453,960$2,728,159$2,344,134$3,730,377
81$4,839,237$2,792,811$2,353,635$3,951,346
82$5,261,637$2,858,456$2,361,279$4,190,918
83$5,724,879$2,925,076$2,366,937$4,450,910
84$6,233,058$2,992,646$2,370,471$4,733,325
85$6,790,685$3,061,141$2,371,737$5,040,368
86$7,402,729$3,130,531$2,370,584$5,374,472
87$8,074,661$3,200,781$2,366,853$5,738,313
88$8,812,512$3,271,855$2,360,378$6,134,843
89$9,622,923$3,343,710$2,350,985$6,567,312
90$10,513,208$3,416,299$2,338,490$7,039,304
91$11,491,428$3,489,570$2,322,702$7,554,768
92$12,566,461$3,563,467$2,303,421$8,118,054
93$13,748,090$3,637,926$2,280,435$8,733,957
94$15,047,089$3,712,879$2,253,524$9,407,762
95$16,475,333$3,788,251$2,222,457$10,145,291
96$18,045,901$3,863,959$2,186,993$10,952,965
97$19,773,204$3,939,914$2,146,879$11,837,854
98$21,673,121$4,016,020$2,101,850$12,807,757
99$23,763,146$4,092,171$2,051,628$13,871,264
100$26,062,553$4,168,254$1,995,923$15,037,846