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

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$182,500$180,874$179,288$177,740$176,229$175,265
2 years$90,346$88,664$87,033$85,452$83,918$82,946
3 years$59,633$57,943$56,316$54,750$53,241$52,290
4 years$44,279$42,594$40,984$39,444$37,972$37,050
5 years$35,069$33,394$31,805$30,297$28,866$27,975
6 years$28,931$27,269$25,703$24,229$22,841$21,982
7 years$24,548$22,900$21,359$19,920$18,575$17,750
8 years$21,263$19,630$18,115$16,710$15,410$14,618
9 years$18,709$17,091$15,602$14,233$12,978$12,218
10 years$16,667$15,065$13,602$12,269$11,058$10,331
11 years$14,997$13,412$11,975$10,678$9,510$8,815
12 years$13,607$12,038$10,628$9,366$8,241$7,578
13 years$12,432$10,878$9,495$8,269$7,186$6,554
14 years$11,425$9,888$8,531$7,340$6,300$5,697
15 years$10,553$9,033$7,703$6,546$5,547$4,973
16 years$9,791$8,288$6,984$5,861$4,902$4,357
17 years$9,119$7,633$6,355$5,266$4,347$3,829
18 years$8,523$7,053$5,801$4,746$3,865$3,374
19 years$7,990$6,537$5,311$4,288$3,445$2,980
20 years$7,511$6,074$4,874$3,884$3,077$2,637
21 years$7,078$5,658$4,483$3,525$2,753$2,338
22 years$6,685$5,281$4,132$3,205$2,468$2,076
23 years$6,327$4,940$3,815$2,919$2,216$1,845
24 years$5,999$4,628$3,528$2,662$1,991$1,642
25 years$5,698$4,343$3,268$2,431$1,792$1,463
26 years$5,420$4,082$3,031$2,223$1,614$1,305
27 years$5,163$3,842$2,814$2,035$1,455$1,165
28 years$4,926$3,620$2,616$1,864$1,313$1,040
29 years$4,705$3,415$2,435$1,710$1,186$930
30 years$4,499$3,225$2,268$1,569$1,071$831
31 years$4,306$3,049$2,114$1,441$969$744
32 years$4,126$2,885$1,973$1,324$876$666
33 years$3,958$2,732$1,842$1,218$793$596
34 years$3,799$2,589$1,721$1,120$718$534
35 years$3,650$2,456$1,609$1,031$650$478
36 years$3,510$2,331$1,505$950$589$429
37 years$3,377$2,214$1,409$875$534$384
38 years$3,252$2,104$1,319$807$484$345
39 years$3,134$2,001$1,236$744$439$309
40 years$3,021$1,903$1,158$686$398$277
41 years$2,915$1,812$1,086$633$361$249
42 years$2,814$1,726$1,019$584$328$223
43 years$2,717$1,644$956$539$297$200
44 years$2,626$1,567$898$498$270$180
45 years$2,539$1,494$843$460$245$161
46 years$2,455$1,426$792$425$223$145
47 years$2,376$1,361$744$392$202$130
48 years$2,300$1,299$699$363$184$117
49 years$2,227$1,240$657$335$167$105
50 years$2,158$1,185$618$310$151$94

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 $3,339 every year, while hoping to spend $55,745 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: 37/37/26 Blend
71$2,210,000$2,210,000$2,210,000$2,210,000
72$2,438,864$2,321,734$2,287,479$2,510,003
73$2,628,316$2,376,187$2,304,797$2,617,092
74$2,835,224$2,431,439$2,320,828$2,727,329
75$3,061,309$2,487,472$2,335,468$2,845,320
76$3,308,467$2,544,263$2,348,610$2,971,798
77$3,578,784$2,601,785$2,360,142$3,107,575
78$3,874,559$2,660,012$2,369,946$3,253,544
79$4,198,321$2,718,909$2,377,896$3,410,692
80$4,552,856$2,778,442$2,383,862$3,580,105
81$4,941,232$2,838,571$2,387,707$3,762,982
82$5,366,829$2,899,252$2,389,285$3,960,646
83$5,833,366$2,960,436$2,388,447$4,174,554
84$6,344,943$3,022,070$2,385,033$4,406,313
85$6,906,072$3,084,097$2,378,877$4,657,698
86$7,521,726$3,146,452$2,369,804$4,930,664
87$8,197,380$3,209,067$2,357,631$5,227,367
88$8,939,067$3,271,865$2,342,166$5,550,187
89$9,753,431$3,334,766$2,323,207$5,901,747
90$10,647,791$3,397,680$2,300,545$6,284,941
91$11,630,211$3,460,511$2,273,958$6,702,960
92$12,709,572$3,523,156$2,243,216$7,159,323
93$13,895,661$3,585,502$2,208,075$7,657,912
94$15,199,256$3,647,429$2,168,284$8,203,008
95$16,632,234$3,708,808$2,123,575$8,799,331
96$18,207,680$3,769,497$2,073,673$9,452,088
97$19,940,008$3,829,347$2,018,286$10,167,020
98$21,845,101$3,888,198$1,957,110$10,950,460
99$23,940,456$3,945,874$1,889,829$11,809,389
100$26,245,354$4,002,193$1,816,109$12,751,508