Can I retire at age 72 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$182,500$180,874$179,288$177,740$176,229$170,247
2 years$90,346$88,664$87,033$85,452$83,918$77,952
3 years$59,633$57,943$56,316$54,750$53,241$47,477
4 years$44,279$42,594$40,984$39,444$37,972$32,455
5 years$35,069$33,394$31,805$30,297$28,866$23,610
6 years$28,931$27,269$25,703$24,229$22,841$17,850
7 years$24,548$22,900$21,359$19,920$18,575$13,850
8 years$21,263$19,630$18,115$16,710$15,410$10,945
9 years$18,709$17,091$15,602$14,233$12,978$8,768
10 years$16,667$15,065$13,602$12,269$11,058$7,097
11 years$14,997$13,412$11,975$10,678$9,510$5,790
12 years$13,607$12,038$10,628$9,366$8,241$4,754
13 years$12,432$10,878$9,495$8,269$7,186$3,922
14 years$11,425$9,888$8,531$7,340$6,300$3,250
15 years$10,553$9,033$7,703$6,546$5,547$2,701
16 years$9,791$8,288$6,984$5,861$4,902$2,251
17 years$9,119$7,633$6,355$5,266$4,347$1,880
18 years$8,523$7,053$5,801$4,746$3,865$1,573
19 years$7,990$6,537$5,311$4,288$3,445$1,319
20 years$7,511$6,074$4,874$3,884$3,077$1,106
21 years$7,078$5,658$4,483$3,525$2,753$929
22 years$6,685$5,281$4,132$3,205$2,468$781
23 years$6,327$4,940$3,815$2,919$2,216$657
24 years$5,999$4,628$3,528$2,662$1,991$553
25 years$5,698$4,343$3,268$2,431$1,792$466
26 years$5,420$4,082$3,031$2,223$1,614$393
27 years$5,163$3,842$2,814$2,035$1,455$331
28 years$4,926$3,620$2,616$1,864$1,313$279
29 years$4,705$3,415$2,435$1,710$1,186$235
30 years$4,499$3,225$2,268$1,569$1,071$199
31 years$4,306$3,049$2,114$1,441$969$168
32 years$4,126$2,885$1,973$1,324$876$141
33 years$3,958$2,732$1,842$1,218$793$119
34 years$3,799$2,589$1,721$1,120$718$101
35 years$3,650$2,456$1,609$1,031$650$85
36 years$3,510$2,331$1,505$950$589$72
37 years$3,377$2,214$1,409$875$534$61
38 years$3,252$2,104$1,319$807$484$51
39 years$3,134$2,001$1,236$744$439$43
40 years$3,021$1,903$1,158$686$398$37
41 years$2,915$1,812$1,086$633$361$31
42 years$2,814$1,726$1,019$584$328$26
43 years$2,717$1,644$956$539$297$22
44 years$2,626$1,567$898$498$270$19
45 years$2,539$1,494$843$460$245$16
46 years$2,455$1,426$792$425$223$13
47 years$2,376$1,361$744$392$202$11
48 years$2,300$1,299$699$363$184$9
49 years$2,227$1,240$657$335$167$8
50 years$2,158$1,185$618$310$151$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,210,000, adding $6,368 every year, while hoping to spend $48,865 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: 64/16/20 Blend
71$2,210,000$2,210,000$2,210,000$2,210,000
72$2,441,989$2,324,859$2,290,604$2,585,433
73$2,639,079$2,386,785$2,315,347$2,744,620
74$2,854,636$2,450,107$2,339,281$2,912,354
75$3,090,490$2,514,844$2,362,328$3,094,461
76$3,348,658$2,581,009$2,384,404$3,292,349
77$3,631,362$2,648,620$2,405,423$3,507,570
78$3,941,048$2,717,689$2,425,291$3,741,833
79$4,280,409$2,788,230$2,443,913$3,997,019
80$4,652,413$2,860,255$2,461,186$4,275,202
81$5,060,325$2,933,775$2,477,003$4,578,666
82$5,507,747$3,008,797$2,491,250$4,909,928
83$5,998,640$3,085,331$2,503,810$5,271,759
84$6,537,370$3,163,382$2,514,557$5,667,215
85$7,128,748$3,242,954$2,523,361$6,099,661
86$7,778,070$3,324,048$2,530,083$6,572,805
87$8,491,172$3,406,666$2,534,580$7,090,733
88$9,274,483$3,490,803$2,536,699$7,657,947
89$10,135,082$3,576,455$2,536,281$8,279,409
90$11,080,774$3,663,614$2,533,159$8,960,584
91$12,120,150$3,752,269$2,527,158$9,707,497
92$13,262,682$3,842,406$2,518,093$10,526,784
93$14,518,799$3,934,007$2,505,773$11,425,762
94$15,899,994$4,027,052$2,489,994$12,412,490
95$17,418,931$4,121,514$2,470,546$13,495,851
96$19,089,558$4,217,365$2,447,206$14,685,633
97$20,927,248$4,314,571$2,419,742$15,992,623
98$22,948,934$4,413,091$2,387,910$17,428,710
99$25,173,276$4,512,884$2,351,456$19,006,991
100$27,620,833$4,613,898$2,310,113$20,741,906