Can I retire at age 72 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$180,848$179,237$177,666$176,132$174,634$172,954
2 years$89,529$87,861$86,245$84,679$83,159$81,467
3 years$59,093$57,418$55,807$54,254$52,759$51,107
4 years$43,878$42,209$40,613$39,087$37,628$36,029
5 years$34,751$33,092$31,517$30,023$28,605$27,063
6 years$28,669$27,022$25,471$24,009$22,634$21,152
7 years$24,326$22,693$21,166$19,739$18,407$16,985
8 years$21,071$19,452$17,951$16,559$15,271$13,909
9 years$18,540$16,937$15,461$14,105$12,860$11,558
10 years$16,516$14,929$13,479$12,158$10,957$9,714
11 years$14,862$13,290$11,867$10,581$9,424$8,238
12 years$13,484$11,929$10,531$9,281$8,166$7,037
13 years$12,319$10,780$9,409$8,194$7,121$6,047
14 years$11,321$9,799$8,454$7,274$6,242$5,222
15 years$10,458$8,951$7,633$6,487$5,496$4,528
16 years$9,703$8,213$6,920$5,808$4,858$3,941
17 years$9,037$7,564$6,297$5,219$4,307$3,439
18 years$8,446$6,989$5,749$4,703$3,830$3,009
19 years$7,918$6,477$5,263$4,250$3,414$2,639
20 years$7,443$6,019$4,830$3,849$3,049$2,318
21 years$7,014$5,607$4,442$3,493$2,729$2,040
22 years$6,625$5,234$4,094$3,176$2,446$1,798
23 years$6,270$4,895$3,780$2,892$2,195$1,586
24 years$5,945$4,586$3,496$2,638$1,973$1,401
25 years$5,646$4,304$3,238$2,409$1,776$1,239
26 years$5,371$4,045$3,003$2,203$1,599$1,096
27 years$5,117$3,807$2,789$2,016$1,442$970
28 years$4,881$3,587$2,593$1,847$1,301$860
29 years$4,662$3,384$2,413$1,694$1,175$762
30 years$4,458$3,196$2,247$1,555$1,062$676
31 years$4,267$3,021$2,095$1,428$960$600
32 years$4,089$2,859$1,955$1,312$868$533
33 years$3,922$2,707$1,825$1,207$786$473
34 years$3,765$2,566$1,705$1,110$711$420
35 years$3,617$2,434$1,594$1,022$644$373
36 years$3,478$2,310$1,491$941$584$332
37 years$3,347$2,194$1,396$867$529$295
38 years$3,223$2,085$1,307$799$480$262
39 years$3,105$1,983$1,225$737$435$233
40 years$2,994$1,886$1,148$680$395$207
41 years$2,888$1,795$1,076$627$358$185
42 years$2,788$1,710$1,010$579$325$164
43 years$2,693$1,629$948$534$295$146
44 years$2,602$1,553$889$493$268$130
45 years$2,516$1,481$835$456$243$116
46 years$2,433$1,413$784$421$221$103
47 years$2,354$1,348$737$389$200$92
48 years$2,279$1,287$692$359$182$82
49 years$2,207$1,229$651$332$165$73
50 years$2,138$1,174$612$307$150$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,190,000, adding $5,086 every year, while hoping to spend $46,077 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: 45/42/13 Blend
71$2,190,000$2,190,000$2,190,000$2,190,000
72$2,418,626$2,302,556$2,268,611$2,518,285
73$2,616,301$2,366,356$2,295,584$2,651,888
74$2,832,593$2,431,737$2,321,916$2,791,601
75$3,069,355$2,498,730$2,347,538$2,942,082
76$3,328,623$2,567,362$2,372,374$3,104,344
77$3,612,642$2,637,661$2,396,348$3,279,503
78$3,923,882$2,709,658$2,419,376$3,468,785
79$4,265,066$2,783,378$2,441,373$3,673,541
80$4,639,190$2,858,851$2,462,246$3,895,257
81$5,049,556$2,936,104$2,481,900$4,135,570
82$5,499,800$3,015,162$2,500,233$4,396,281
83$5,993,928$3,096,053$2,517,139$4,679,374
84$6,536,350$3,178,802$2,532,505$4,987,032
85$7,131,928$3,263,433$2,546,214$5,321,661
86$7,786,014$3,349,971$2,558,142$5,685,911
87$8,504,505$3,438,437$2,568,158$6,082,697
88$9,293,899$3,528,855$2,576,125$6,515,232
89$10,161,352$3,621,244$2,581,900$6,987,057
90$11,114,748$3,715,623$2,585,332$7,502,069
91$12,162,775$3,812,011$2,586,263$8,064,562
92$13,315,001$3,910,423$2,584,526$8,679,267
93$14,581,970$4,010,873$2,579,947$9,351,396
94$15,975,299$4,113,373$2,572,343$10,086,689
95$17,507,786$4,217,934$2,561,523$10,891,472
96$19,193,530$4,324,564$2,547,284$11,772,715
97$21,048,069$4,433,266$2,529,417$12,738,096
98$23,088,520$4,544,044$2,507,701$13,796,075
99$25,333,744$4,656,897$2,481,903$14,955,974
100$27,804,522$4,771,821$2,451,783$16,228,064