Can I retire at age 72 with 2,150,000?

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 $2,150,000?

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$177,545$175,964$174,421$172,915$171,444$169,372
2 years$87,894$86,257$84,670$83,132$81,640$79,555
3 years$58,014$56,370$54,787$53,263$51,796$49,762
4 years$43,077$41,438$39,871$38,373$36,941$34,975
5 years$34,117$32,488$30,942$29,474$28,082$26,188
6 years$28,145$26,529$25,005$23,571$22,220$20,402
7 years$23,882$22,279$20,780$19,379$18,071$16,329
8 years$20,686$19,097$17,623$16,257$14,992$13,325
9 years$18,201$16,627$15,178$13,847$12,625$11,034
10 years$16,215$14,656$13,233$11,936$10,757$9,240
11 years$14,590$13,048$11,650$10,388$9,252$7,807
12 years$13,238$11,711$10,339$9,112$8,017$6,644
13 years$12,094$10,583$9,237$8,044$6,991$5,687
14 years$11,115$9,620$8,300$7,141$6,128$4,892
15 years$10,267$8,788$7,494$6,368$5,396$4,225
16 years$9,525$8,063$6,794$5,702$4,769$3,661
17 years$8,872$7,425$6,182$5,123$4,229$3,182
18 years$8,292$6,861$5,644$4,617$3,760$2,772
19 years$7,773$6,359$5,166$4,172$3,351$2,420
20 years$7,307$5,909$4,742$3,779$2,993$2,117
21 years$6,886$5,504$4,361$3,429$2,679$1,855
22 years$6,504$5,138$4,020$3,118$2,401$1,627
23 years$6,155$4,805$3,711$2,840$2,155$1,429
24 years$5,836$4,502$3,432$2,590$1,937$1,256
25 years$5,543$4,225$3,179$2,365$1,743$1,105
26 years$5,273$3,971$2,948$2,163$1,570$973
27 years$5,023$3,737$2,738$1,980$1,416$858
28 years$4,792$3,522$2,545$1,814$1,277$756
29 years$4,577$3,322$2,369$1,663$1,153$667
30 years$4,376$3,137$2,206$1,526$1,042$589
31 years$4,189$2,966$2,057$1,402$942$520
32 years$4,014$2,806$1,919$1,288$852$459
33 years$3,850$2,658$1,792$1,185$771$406
34 years$3,696$2,519$1,674$1,090$698$359
35 years$3,551$2,389$1,565$1,003$633$317
36 years$3,415$2,268$1,464$924$573$281
37 years$3,286$2,154$1,370$852$519$248
38 years$3,164$2,047$1,283$785$471$219
39 years$3,049$1,946$1,202$724$427$194
40 years$2,939$1,852$1,127$667$387$172
41 years$2,836$1,763$1,057$616$351$152
42 years$2,737$1,679$991$568$319$135
43 years$2,644$1,599$930$525$289$119
44 years$2,555$1,525$873$484$263$105
45 years$2,470$1,454$820$447$238$93
46 years$2,389$1,387$770$413$217$83
47 years$2,311$1,324$723$382$197$73
48 years$2,237$1,264$680$353$179$65
49 years$2,167$1,207$639$326$162$57
50 years$2,099$1,153$601$301$147$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,150,000, adding $6,471 every year, while hoping to spend $34,490 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: 53/27/20 Blend
71$2,150,000$2,150,000$2,150,000$2,150,000
72$2,375,975$2,262,025$2,228,700$2,488,564
73$2,581,627$2,336,167$2,266,664$2,640,732
74$2,807,100$2,412,786$2,304,744$2,802,080
75$3,054,379$2,491,967$2,342,908$2,976,908
76$3,325,650$2,573,798$2,381,120$3,166,514
77$3,623,322$2,658,370$2,419,343$3,372,320
78$3,950,049$2,745,778$2,457,539$3,595,896
79$4,308,751$2,836,118$2,495,664$3,838,967
80$4,702,649$2,929,493$2,533,674$4,103,433
81$5,135,288$3,026,007$2,571,521$4,391,385
82$5,610,575$3,125,769$2,609,154$4,705,125
83$6,132,812$3,228,891$2,646,520$5,047,187
84$6,706,742$3,335,490$2,683,561$5,420,362
85$7,337,587$3,445,686$2,720,217$5,827,721
86$8,031,101$3,559,604$2,756,425$6,272,648
87$8,793,623$3,677,374$2,792,115$6,758,868
88$9,632,138$3,799,131$2,827,216$7,290,483
89$10,554,341$3,925,013$2,861,652$7,872,013
90$11,568,709$4,055,165$2,895,344$8,508,433
91$12,684,585$4,189,736$2,928,205$9,205,223
92$13,912,260$4,328,880$2,960,148$9,968,421
93$15,263,074$4,472,759$2,991,076$10,804,675
94$16,749,522$4,621,538$3,020,891$11,721,310
95$18,385,370$4,775,390$3,049,488$12,726,394
96$20,185,788$4,934,495$3,076,756$13,828,815
97$22,167,490$5,099,036$3,102,578$15,038,362
98$24,348,891$5,269,206$3,126,832$16,365,822
99$26,750,286$5,445,205$3,149,389$17,823,077
100$29,394,033$5,627,238$3,170,112$19,423,217