Can I retire at age 72 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$180,022$178,419$176,854$175,327$173,836$173,031
2 years$89,120$87,460$85,852$84,292$82,779$81,966
3 years$58,823$57,156$55,552$54,007$52,519$51,723
4 years$43,678$42,016$40,427$38,909$37,457$36,685
5 years$34,593$32,941$31,373$29,886$28,474$27,728
6 years$28,538$26,899$25,354$23,900$22,530$21,812
7 years$24,215$22,590$21,070$19,649$18,323$17,632
8 years$20,974$19,363$17,869$16,483$15,201$14,537
9 years$18,455$16,859$15,390$14,040$12,801$12,165
10 years$16,441$14,861$13,418$12,103$10,907$10,298
11 years$14,794$13,230$11,813$10,533$9,381$8,798
12 years$13,422$11,874$10,483$9,239$8,129$7,572
13 years$12,263$10,731$9,366$8,157$7,089$6,557
14 years$11,270$9,754$8,416$7,240$6,214$5,707
15 years$10,410$8,910$7,598$6,457$5,471$4,989
16 years$9,658$8,175$6,889$5,782$4,836$4,377
17 years$8,996$7,529$6,269$5,195$4,288$3,852
18 years$8,407$6,957$5,722$4,682$3,812$3,399
19 years$7,882$6,448$5,239$4,230$3,398$3,006
20 years$7,409$5,992$4,808$3,831$3,035$2,664
21 years$6,982$5,581$4,422$3,477$2,716$2,365
22 years$6,594$5,210$4,076$3,162$2,435$2,103
23 years$6,241$4,872$3,763$2,879$2,185$1,873
24 years$5,918$4,565$3,480$2,626$1,964$1,669
25 years$5,620$4,284$3,223$2,398$1,768$1,489
26 years$5,347$4,026$2,990$2,193$1,592$1,330
27 years$5,093$3,789$2,776$2,007$1,435$1,189
28 years$4,859$3,571$2,581$1,839$1,295$1,064
29 years$4,641$3,369$2,402$1,686$1,170$952
30 years$4,438$3,181$2,237$1,548$1,057$853
31 years$4,248$3,007$2,086$1,421$955$764
32 years$4,070$2,846$1,946$1,306$864$685
33 years$3,904$2,695$1,817$1,201$782$615
34 years$3,748$2,554$1,698$1,105$708$551
35 years$3,601$2,422$1,587$1,017$641$495
36 years$3,462$2,299$1,485$937$581$444
37 years$3,332$2,184$1,390$863$527$399
38 years$3,208$2,075$1,301$796$478$358
39 years$3,091$1,973$1,219$734$433$322
40 years$2,980$1,878$1,143$677$393$289
41 years$2,875$1,787$1,072$624$356$260
42 years$2,775$1,702$1,005$576$323$234
43 years$2,681$1,622$943$532$293$210
44 years$2,590$1,546$885$491$266$189
45 years$2,504$1,474$831$454$242$170
46 years$2,422$1,406$781$419$220$153
47 years$2,344$1,342$734$387$199$137
48 years$2,269$1,281$689$358$181$124
49 years$2,197$1,223$648$331$164$111
50 years$2,128$1,169$609$306$149$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,180,000, adding $4,632 every year, while hoping to spend $33,247 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: 31/46/23 Blend
71$2,180,000$2,180,000$2,180,000$2,180,000
72$2,407,138$2,291,598$2,257,808$2,464,511
73$2,617,291$2,368,512$2,298,070$2,585,472
74$2,847,766$2,448,080$2,338,566$2,712,297
75$3,100,600$2,530,398$2,379,270$2,848,138
76$3,378,038$2,615,563$2,420,152$2,993,803
77$3,682,551$2,703,679$2,461,180$3,150,179
78$4,016,863$2,794,851$2,502,321$3,318,238
79$4,383,973$2,889,189$2,543,540$3,499,050
80$4,787,187$2,986,808$2,584,797$3,693,791
81$5,230,143$3,087,825$2,626,051$3,903,751
82$5,716,854$3,192,364$2,667,260$4,130,349
83$6,251,736$3,300,553$2,708,375$4,375,145
84$6,839,656$3,412,523$2,749,349$4,639,854
85$7,485,976$3,528,413$2,790,128$4,926,362
86$8,196,605$3,648,364$2,830,657$5,236,742
87$8,978,050$3,772,525$2,870,875$5,573,276
88$9,837,483$3,901,050$2,910,721$5,938,471
89$10,782,803$4,034,099$2,950,127$6,335,090
90$11,822,716$4,171,836$2,989,023$6,766,168
91$12,966,812$4,314,435$3,027,334$7,235,047
92$14,225,658$4,462,074$3,064,981$7,745,405
93$15,610,898$4,614,939$3,101,881$8,301,289
94$17,135,360$4,773,221$3,137,945$8,907,155
95$18,813,181$4,937,123$3,173,079$9,567,904
96$20,659,934$5,106,851$3,207,186$10,288,937
97$22,692,782$5,282,621$3,240,162$11,076,194
98$24,930,635$5,464,659$3,271,897$11,936,218
99$27,394,330$5,653,197$3,302,275$12,876,214
100$30,106,826$5,848,478$3,331,175$13,904,111