Can I retire at age 72 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$184,151$182,511$180,911$179,349$177,823$174,091
2 years$91,164$89,466$87,821$86,225$84,678$80,935
3 years$60,172$58,467$56,826$55,245$53,723$50,086
4 years$44,679$42,980$41,355$39,801$38,316$34,814
5 years$35,386$33,696$32,093$30,571$29,127$25,769
6 years$29,193$27,516$25,936$24,448$23,047$19,837
7 years$24,771$23,108$21,553$20,100$18,744$15,682
8 years$21,455$19,808$18,278$16,861$15,550$12,636
9 years$18,878$17,246$15,743$14,362$13,095$10,327
10 years$16,818$15,202$13,725$12,380$11,158$8,533
11 years$15,133$13,533$12,084$10,775$9,596$7,110
12 years$13,730$12,147$10,724$9,451$8,316$5,966
13 years$12,544$10,977$9,581$8,344$7,251$5,033
14 years$11,528$9,978$8,609$7,407$6,357$4,266
15 years$10,649$9,115$7,772$6,605$5,597$3,629
16 years$9,880$8,363$7,047$5,914$4,946$3,097
17 years$9,202$7,702$6,412$5,314$4,386$2,650
18 years$8,600$7,117$5,854$4,789$3,900$2,272
19 years$8,062$6,596$5,359$4,327$3,476$1,952
20 years$7,579$6,129$4,918$3,919$3,105$1,679
21 years$7,142$5,709$4,524$3,557$2,778$1,447
22 years$6,746$5,329$4,169$3,234$2,490$1,248
23 years$6,384$4,984$3,850$2,945$2,236$1,078
24 years$6,053$4,670$3,560$2,686$2,009$931
25 years$5,749$4,382$3,297$2,453$1,808$805
26 years$5,469$4,119$3,058$2,243$1,629$697
27 years$5,210$3,876$2,840$2,053$1,468$603
28 years$4,970$3,653$2,640$1,881$1,325$523
29 years$4,747$3,446$2,457$1,725$1,196$453
30 years$4,539$3,254$2,288$1,583$1,081$393
31 years$4,345$3,076$2,133$1,454$977$340
32 years$4,164$2,911$1,990$1,336$884$295
33 years$3,994$2,757$1,858$1,229$800$256
34 years$3,834$2,613$1,736$1,131$724$222
35 years$3,683$2,478$1,623$1,041$656$193
36 years$3,542$2,352$1,519$959$594$167
37 years$3,408$2,234$1,421$883$539$145
38 years$3,282$2,123$1,331$814$488$126
39 years$3,162$2,019$1,247$751$443$110
40 years$3,049$1,921$1,169$692$402$95
41 years$2,941$1,828$1,096$639$365$83
42 years$2,839$1,741$1,028$589$331$72
43 years$2,742$1,659$965$544$300$62
44 years$2,650$1,581$906$502$272$54
45 years$2,561$1,508$850$464$247$47
46 years$2,477$1,439$799$429$225$41
47 years$2,397$1,373$750$396$204$35
48 years$2,321$1,311$705$366$185$31
49 years$2,247$1,252$663$338$168$27
50 years$2,177$1,195$623$313$153$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,230,000, adding $6,199 every year, while hoping to spend $29,094 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: 44/37/19 Blend
71$2,230,000$2,230,000$2,230,000$2,230,000
72$2,463,854$2,345,664$2,311,099$2,558,472
73$2,684,212$2,429,646$2,357,565$2,709,630
74$2,926,070$2,516,768$2,404,613$2,870,023
75$3,191,593$2,607,153$2,452,231$3,043,271
76$3,483,161$2,700,929$2,500,406$3,230,576
77$3,803,399$2,798,230$2,549,125$3,433,259
78$4,155,197$2,899,195$2,598,373$3,652,774
79$4,541,741$3,003,969$2,648,131$3,890,717
80$4,966,537$3,112,701$2,698,382$4,148,843
81$5,433,450$3,225,551$2,749,105$4,429,085
82$5,946,739$3,342,680$2,800,277$4,733,565
83$6,511,095$3,464,260$2,851,875$5,064,620
84$7,131,685$3,590,467$2,903,871$5,424,819
85$7,814,204$3,721,487$2,956,237$5,816,989
86$8,564,925$3,857,512$3,008,944$6,244,242
87$9,390,760$3,998,742$3,061,956$6,710,000
88$10,299,325$4,145,388$3,115,239$7,218,030
89$11,299,011$4,297,667$3,168,754$7,772,478
90$12,399,063$4,455,806$3,222,461$8,377,907
91$13,609,669$4,620,042$3,276,315$9,039,340
92$14,942,052$4,790,621$3,330,268$9,762,305
93$16,408,581$4,967,801$3,384,271$10,552,891
94$18,022,882$5,151,849$3,438,270$11,417,797
95$19,799,972$5,343,045$3,492,208$12,364,403
96$21,756,396$5,541,681$3,546,024$13,400,832
97$23,910,385$5,748,060$3,599,652$14,536,028
98$26,282,028$5,962,499$3,653,025$15,779,844
99$28,893,462$6,185,328$3,706,068$17,143,125
100$31,769,077$6,416,892$3,758,704$18,637,818