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%12.9%
1 years$176,719$175,145$173,609$172,110$170,647$168,584
2 years$87,485$85,855$84,276$82,745$81,260$79,185
3 years$57,744$56,107$54,532$53,016$51,555$49,531
4 years$42,876$41,245$39,686$38,195$36,769$34,812
5 years$33,958$32,337$30,798$29,337$27,951$26,067
6 years$28,015$26,405$24,889$23,461$22,117$20,307
7 years$23,771$22,175$20,683$19,289$17,987$16,253
8 years$20,590$19,008$17,541$16,181$14,922$13,263
9 years$18,116$16,550$15,108$13,783$12,567$10,982
10 years$16,139$14,588$13,171$11,881$10,707$9,197
11 years$14,522$12,987$11,596$10,340$9,209$7,771
12 years$13,176$11,656$10,291$9,069$7,980$6,613
13 years$12,038$10,534$9,194$8,007$6,959$5,660
14 years$11,063$9,575$8,261$7,108$6,100$4,869
15 years$10,219$8,747$7,459$6,339$5,371$4,205
16 years$9,481$8,025$6,762$5,676$4,747$3,644
17 years$8,831$7,391$6,154$5,100$4,209$3,167
18 years$8,253$6,829$5,617$4,596$3,742$2,759
19 years$7,737$6,330$5,142$4,153$3,336$2,409
20 years$7,273$5,882$4,719$3,761$2,979$2,107
21 years$6,854$5,479$4,341$3,413$2,666$1,846
22 years$6,473$5,114$4,001$3,104$2,390$1,619
23 years$6,127$4,783$3,694$2,826$2,145$1,422
24 years$5,809$4,481$3,416$2,578$1,928$1,250
25 years$5,517$4,206$3,164$2,354$1,735$1,100
26 years$5,248$3,953$2,935$2,153$1,563$969
27 years$5,000$3,720$2,725$1,970$1,409$854
28 years$4,770$3,505$2,533$1,805$1,271$753
29 years$4,556$3,307$2,358$1,655$1,148$664
30 years$4,356$3,123$2,196$1,519$1,037$586
31 years$4,170$2,952$2,047$1,395$938$518
32 years$3,996$2,793$1,910$1,282$848$457
33 years$3,832$2,645$1,783$1,179$768$404
34 years$3,679$2,507$1,666$1,085$695$357
35 years$3,535$2,378$1,558$999$630$316
36 years$3,399$2,257$1,457$920$570$279
37 years$3,271$2,144$1,364$848$517$247
38 years$3,149$2,037$1,277$781$469$218
39 years$3,034$1,937$1,197$720$425$193
40 years$2,926$1,843$1,122$664$386$171
41 years$2,823$1,754$1,052$613$350$151
42 years$2,725$1,671$987$566$317$134
43 years$2,631$1,592$926$522$288$119
44 years$2,543$1,518$869$482$261$105
45 years$2,458$1,447$816$445$237$93
46 years$2,377$1,381$766$411$216$82
47 years$2,301$1,317$720$380$196$73
48 years$2,227$1,258$677$351$178$64
49 years$2,157$1,201$636$325$161$57
50 years$2,089$1,147$598$300$147$51

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 $3,570 every year, while hoping to spend $48,094 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: 42/36/22 Blend
71$2,140,000$2,140,000$2,140,000$2,140,000
72$2,361,962$2,248,542$2,215,372$2,445,810
73$2,551,711$2,307,549$2,238,416$2,564,877
74$2,759,202$2,367,836$2,260,619$2,688,837
75$2,986,194$2,429,413$2,281,904$2,822,105
76$3,234,625$2,492,293$2,302,186$2,965,562
77$3,506,626$2,556,485$2,321,379$3,120,181
78$3,804,547$2,621,998$2,339,390$3,287,029
79$4,130,973$2,688,839$2,356,122$3,467,286
80$4,488,753$2,757,013$2,371,473$3,662,249
81$4,881,025$2,826,524$2,385,336$3,873,346
82$5,311,241$2,897,376$2,397,597$4,102,152
83$5,783,210$2,969,569$2,408,138$4,350,402
84$6,301,120$3,043,102$2,416,834$4,620,007
85$6,869,591$3,117,970$2,423,554$4,913,073
86$7,493,707$3,194,168$2,428,161$5,231,920
87$8,179,070$3,271,687$2,430,509$5,579,105
88$8,931,852$3,350,517$2,430,448$5,957,447
89$9,758,851$3,430,642$2,427,818$6,370,050
90$10,667,556$3,512,046$2,422,453$6,820,336
91$11,666,219$3,594,708$2,414,177$7,312,077
92$12,763,927$3,678,604$2,402,806$7,849,429
93$13,970,697$3,763,704$2,388,149$8,436,972
94$15,297,560$3,849,977$2,370,003$9,079,755
95$16,756,671$3,937,386$2,348,159$9,783,342
96$18,361,422$4,025,889$2,322,393$10,553,865
97$20,126,568$4,115,439$2,292,474$11,398,084
98$22,068,366$4,205,983$2,258,160$12,323,447
99$24,204,728$4,297,465$2,219,197$13,338,166
100$26,555,388$4,389,818$2,175,318$14,451,290