Can I retire at age 72 with 2,160,000?

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 $2,160,000?

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$178,371$176,782$175,232$173,719$172,241$170,160
2 years$88,302$86,658$85,064$83,519$82,020$79,925
3 years$58,283$56,632$55,042$53,511$52,037$49,993
4 years$43,277$41,630$40,057$38,552$37,113$35,137
5 years$34,275$32,639$31,085$29,611$28,213$26,310
6 years$28,276$26,652$25,122$23,681$22,324$20,497
7 years$23,993$22,382$20,876$19,469$18,155$16,405
8 years$20,782$19,186$17,705$16,332$15,061$13,387
9 years$18,286$16,705$15,249$13,911$12,684$11,085
10 years$16,290$14,724$13,294$11,992$10,807$9,283
11 years$14,658$13,108$11,704$10,436$9,295$7,843
12 years$13,299$11,765$10,387$9,154$8,055$6,675
13 years$12,150$10,632$9,280$8,082$7,024$5,713
14 years$11,166$9,664$8,338$7,174$6,157$4,914
15 years$10,314$8,829$7,528$6,398$5,421$4,244
16 years$9,570$8,100$6,826$5,729$4,791$3,678
17 years$8,913$7,460$6,211$5,147$4,248$3,197
18 years$8,330$6,893$5,670$4,639$3,777$2,785
19 years$7,809$6,389$5,191$4,191$3,367$2,432
20 years$7,341$5,937$4,764$3,796$3,007$2,127
21 years$6,918$5,530$4,382$3,445$2,691$1,863
22 years$6,534$5,162$4,038$3,133$2,412$1,634
23 years$6,184$4,828$3,729$2,853$2,165$1,435
24 years$5,863$4,523$3,448$2,602$1,946$1,262
25 years$5,569$4,245$3,194$2,376$1,751$1,111
26 years$5,297$3,990$2,962$2,173$1,578$978
27 years$5,047$3,755$2,751$1,989$1,422$862
28 years$4,814$3,538$2,557$1,822$1,283$760
29 years$4,598$3,338$2,380$1,671$1,159$670
30 years$4,397$3,152$2,216$1,533$1,047$592
31 years$4,209$2,980$2,066$1,408$947$523
32 years$4,033$2,819$1,928$1,294$856$462
33 years$3,868$2,670$1,800$1,190$775$408
34 years$3,713$2,531$1,682$1,095$702$361
35 years$3,568$2,400$1,573$1,008$636$319
36 years$3,431$2,278$1,471$928$576$282
37 years$3,301$2,164$1,377$855$522$249
38 years$3,179$2,056$1,289$788$473$221
39 years$3,063$1,955$1,208$727$429$195
40 years$2,953$1,860$1,132$671$389$173
41 years$2,849$1,771$1,062$619$353$153
42 years$2,750$1,687$996$571$320$135
43 years$2,656$1,607$935$527$291$120
44 years$2,566$1,532$877$487$264$106
45 years$2,481$1,461$824$449$240$94
46 years$2,400$1,393$774$415$218$83
47 years$2,322$1,330$727$384$198$73
48 years$2,248$1,269$683$354$179$65
49 years$2,177$1,212$642$328$163$58
50 years$2,109$1,158$604$303$148$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,160,000, adding $6,362 every year, while hoping to spend $30,939 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: 61/22/17 Blend
71$2,160,000$2,160,000$2,160,000$2,160,000
72$2,386,882$2,272,402$2,238,922$2,521,786
73$2,597,426$2,350,831$2,281,007$2,691,918
74$2,828,407$2,432,066$2,323,465$2,873,478
75$3,081,879$2,516,212$2,366,276$3,070,892
76$3,360,102$2,603,378$2,409,418$3,285,701
77$3,665,566$2,693,676$2,452,866$3,519,602
78$4,001,013$2,787,226$2,496,597$3,774,462
79$4,369,465$2,884,148$2,540,581$4,052,333
80$4,774,250$2,984,571$2,584,790$4,355,479
81$5,219,034$3,088,626$2,629,192$4,686,388
82$5,707,858$3,196,451$2,673,752$5,047,803
83$6,245,170$3,308,188$2,718,434$5,442,740
84$6,835,875$3,423,987$2,763,198$5,874,524
85$7,485,373$3,544,001$2,808,004$6,346,813
86$8,199,616$3,668,391$2,852,807$6,863,638
87$8,985,159$3,797,325$2,897,558$7,429,436
88$9,849,227$3,930,976$2,942,208$8,049,094
89$10,799,778$4,069,524$2,986,703$8,727,995
90$11,845,583$4,213,158$3,030,984$9,472,068
91$12,996,303$4,362,073$3,074,993$10,287,842
92$14,262,584$4,516,473$3,118,663$11,182,509
93$15,656,157$4,676,569$3,161,928$12,163,992
94$17,189,945$4,842,582$3,204,713$13,241,017
95$18,878,192$5,014,740$3,246,943$14,423,197
96$20,736,588$5,193,283$3,288,536$15,721,121
97$22,782,424$5,378,458$3,329,406$17,146,455
98$25,034,753$5,570,524$3,369,463$18,712,050
99$27,514,568$5,769,750$3,408,610$20,432,063
100$30,245,001$5,976,415$3,446,745$22,322,092