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%15.2%
1 years$178,371$176,782$175,232$173,719$172,241$168,557
2 years$88,302$86,658$85,064$83,519$82,020$78,326
3 years$58,283$56,632$55,042$53,511$52,037$48,448
4 years$43,277$41,630$40,057$38,552$37,113$33,658
5 years$34,275$32,639$31,085$29,611$28,213$24,901
6 years$28,276$26,652$25,122$23,681$22,324$19,158
7 years$23,993$22,382$20,876$19,469$18,155$15,137
8 years$20,782$19,186$17,705$16,332$15,061$12,190
9 years$18,286$16,705$15,249$13,911$12,684$9,956
10 years$16,290$14,724$13,294$11,992$10,807$8,221
11 years$14,658$13,108$11,704$10,436$9,295$6,846
12 years$13,299$11,765$10,387$9,154$8,055$5,741
13 years$12,150$10,632$9,280$8,082$7,024$4,840
14 years$11,166$9,664$8,338$7,174$6,157$4,099
15 years$10,314$8,829$7,528$6,398$5,421$3,485
16 years$9,570$8,100$6,826$5,729$4,791$2,972
17 years$8,913$7,460$6,211$5,147$4,248$2,541
18 years$8,330$6,893$5,670$4,639$3,777$2,177
19 years$7,809$6,389$5,191$4,191$3,367$1,869
20 years$7,341$5,937$4,764$3,796$3,007$1,607
21 years$6,918$5,530$4,382$3,445$2,691$1,383
22 years$6,534$5,162$4,038$3,133$2,412$1,192
23 years$6,184$4,828$3,729$2,853$2,165$1,029
24 years$5,863$4,523$3,448$2,602$1,946$888
25 years$5,569$4,245$3,194$2,376$1,751$768
26 years$5,297$3,990$2,962$2,173$1,578$664
27 years$5,047$3,755$2,751$1,989$1,422$574
28 years$4,814$3,538$2,557$1,822$1,283$497
29 years$4,598$3,338$2,380$1,671$1,159$430
30 years$4,397$3,152$2,216$1,533$1,047$373
31 years$4,209$2,980$2,066$1,408$947$323
32 years$4,033$2,819$1,928$1,294$856$280
33 years$3,868$2,670$1,800$1,190$775$243
34 years$3,713$2,531$1,682$1,095$702$210
35 years$3,568$2,400$1,573$1,008$636$182
36 years$3,431$2,278$1,471$928$576$158
37 years$3,301$2,164$1,377$855$522$137
38 years$3,179$2,056$1,289$788$473$119
39 years$3,063$1,955$1,208$727$429$103
40 years$2,953$1,860$1,132$671$389$90
41 years$2,849$1,771$1,062$619$353$78
42 years$2,750$1,687$996$571$320$67
43 years$2,656$1,607$935$527$291$58
44 years$2,566$1,532$877$487$264$51
45 years$2,481$1,461$824$449$240$44
46 years$2,400$1,393$774$415$218$38
47 years$2,322$1,330$727$384$198$33
48 years$2,248$1,269$683$354$179$29
49 years$2,177$1,212$642$328$163$25
50 years$2,109$1,158$604$303$148$22

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 $6,676 every year, while hoping to spend $37,330 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: 67/11/22 Blend
71$2,160,000$2,160,000$2,160,000$2,160,000
72$2,387,206$2,272,726$2,239,246$2,533,399
73$2,590,983$2,344,371$2,274,542$2,703,927
74$2,814,293$2,418,275$2,309,769$2,885,445
75$3,059,090$2,494,510$2,344,886$3,083,074
76$3,327,526$2,573,149$2,379,848$3,298,402
77$3,621,968$2,654,269$2,414,608$3,533,176
78$3,945,028$2,737,947$2,449,116$3,789,321
79$4,299,578$2,824,264$2,483,319$4,068,955
80$4,688,786$2,913,304$2,517,161$4,374,414
81$5,116,138$3,005,152$2,550,582$4,708,268
82$5,585,477$3,099,897$2,583,520$5,073,351
83$6,101,035$3,197,630$2,615,906$5,472,784
84$6,667,473$3,298,447$2,647,672$5,910,002
85$7,289,928$3,402,444$2,678,742$6,388,792
86$7,974,058$3,509,721$2,709,037$6,913,327
87$8,726,097$3,620,383$2,738,475$7,488,202
88$9,552,913$3,734,535$2,766,968$8,118,480
89$10,462,071$3,852,289$2,794,422$8,809,740
90$11,461,909$3,973,757$2,820,742$9,568,127
91$12,561,610$4,099,058$2,845,824$10,400,414
92$13,771,295$4,228,312$2,869,559$11,314,061
93$15,102,112$4,361,644$2,891,834$12,317,289
94$16,566,346$4,499,183$2,912,529$13,419,156
95$18,177,531$4,641,062$2,931,517$14,629,643
96$19,950,583$4,787,417$2,948,666$15,959,745
97$21,901,933$4,938,391$2,963,836$17,421,582
98$24,049,686$5,094,128$2,976,881$19,028,504
99$26,413,794$5,254,780$2,987,647$20,795,225
100$29,016,238$5,420,502$2,995,970$22,737,956