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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.5%
1 years$178,371$176,782$175,232$173,719$172,241$169,040
2 years$88,302$86,658$85,064$83,519$82,020$78,807
3 years$58,283$56,632$55,042$53,511$52,037$48,912
4 years$43,277$41,630$40,057$38,552$37,113$34,100
5 years$34,275$32,639$31,085$29,611$28,213$25,321
6 years$28,276$26,652$25,122$23,681$22,324$19,556
7 years$23,993$22,382$20,876$19,469$18,155$15,512
8 years$20,782$19,186$17,705$16,332$15,061$12,542
9 years$18,286$16,705$15,249$13,911$12,684$10,287
10 years$16,290$14,724$13,294$11,992$10,807$8,531
11 years$14,658$13,108$11,704$10,436$9,295$7,136
12 years$13,299$11,765$10,387$9,154$8,055$6,011
13 years$12,150$10,632$9,280$8,082$7,024$5,092
14 years$11,166$9,664$8,338$7,174$6,157$4,333
15 years$10,314$8,829$7,528$6,398$5,421$3,701
16 years$9,570$8,100$6,826$5,729$4,791$3,172
17 years$8,913$7,460$6,211$5,147$4,248$2,726
18 years$8,330$6,893$5,670$4,639$3,777$2,347
19 years$7,809$6,389$5,191$4,191$3,367$2,026
20 years$7,341$5,937$4,764$3,796$3,007$1,751
21 years$6,918$5,530$4,382$3,445$2,691$1,515
22 years$6,534$5,162$4,038$3,133$2,412$1,313
23 years$6,184$4,828$3,729$2,853$2,165$1,139
24 years$5,863$4,523$3,448$2,602$1,946$989
25 years$5,569$4,245$3,194$2,376$1,751$859
26 years$5,297$3,990$2,962$2,173$1,578$747
27 years$5,047$3,755$2,751$1,989$1,422$650
28 years$4,814$3,538$2,557$1,822$1,283$566
29 years$4,598$3,338$2,380$1,671$1,159$493
30 years$4,397$3,152$2,216$1,533$1,047$429
31 years$4,209$2,980$2,066$1,408$947$374
32 years$4,033$2,819$1,928$1,294$856$326
33 years$3,868$2,670$1,800$1,190$775$284
34 years$3,713$2,531$1,682$1,095$702$248
35 years$3,568$2,400$1,573$1,008$636$216
36 years$3,431$2,278$1,471$928$576$189
37 years$3,301$2,164$1,377$855$522$165
38 years$3,179$2,056$1,289$788$473$144
39 years$3,063$1,955$1,208$727$429$125
40 years$2,953$1,860$1,132$671$389$109
41 years$2,849$1,771$1,062$619$353$96
42 years$2,750$1,687$996$571$320$83
43 years$2,656$1,607$935$527$291$73
44 years$2,566$1,532$877$487$264$64
45 years$2,481$1,461$824$449$240$55
46 years$2,400$1,393$774$415$218$48
47 years$2,322$1,330$727$384$198$42
48 years$2,248$1,269$683$354$179$37
49 years$2,177$1,212$642$328$163$32
50 years$2,109$1,158$604$303$148$28

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 $5,549 every year, while hoping to spend $36,163 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: 45/26/29 Blend
71$2,160,000$2,160,000$2,160,000$2,160,000
72$2,386,044$2,271,564$2,238,084$2,473,181
73$2,590,943$2,344,393$2,274,582$2,608,615
74$2,815,530$2,419,579$2,311,092$2,751,519
75$3,061,775$2,497,199$2,347,574$2,905,822
76$3,331,847$2,577,333$2,383,989$3,072,608
77$3,628,136$2,660,063$2,420,293$3,253,074
78$3,953,275$2,745,475$2,456,442$3,448,533
79$4,310,162$2,833,657$2,492,386$3,660,434
80$4,701,992$2,924,699$2,528,074$3,890,370
81$5,132,283$3,018,697$2,563,452$4,140,094
82$5,604,910$3,115,747$2,598,462$4,411,539
83$6,124,142$3,215,951$2,633,042$4,706,829
84$6,694,684$3,319,412$2,667,128$5,028,308
85$7,321,716$3,426,237$2,700,652$5,378,553
86$8,010,947$3,536,539$2,733,539$5,760,403
87$8,768,666$3,650,431$2,765,715$6,176,986
88$9,601,800$3,768,033$2,797,097$6,631,746
89$10,517,985$3,889,468$2,827,601$7,128,477
90$11,525,630$4,014,862$2,857,136$7,671,356
91$12,634,001$4,144,347$2,885,606$8,264,986
92$13,853,307$4,278,058$2,912,913$8,914,437
93$15,194,798$4,416,137$2,938,949$9,625,295
94$16,670,867$4,558,727$2,963,604$10,403,712
95$18,295,171$4,705,980$2,986,760$11,256,465
96$20,082,756$4,858,051$3,008,293$12,191,021
97$22,050,201$5,015,099$3,028,075$13,215,609
98$24,215,774$5,177,291$3,045,968$14,339,290
99$26,599,603$5,344,799$3,061,829$15,572,051
100$29,223,869$5,517,800$3,075,506$16,924,893