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%11%
1 years$184,151$182,511$180,911$179,349$177,823$177,074
2 years$91,164$89,466$87,821$86,225$84,678$83,921
3 years$60,172$58,467$56,826$55,245$53,723$52,983
4 years$44,679$42,980$41,355$39,801$38,316$37,597
5 years$35,386$33,696$32,093$30,571$29,127$28,433
6 years$29,193$27,516$25,936$24,448$23,047$22,378
7 years$24,771$23,108$21,553$20,100$18,744$18,100
8 years$21,455$19,808$18,278$16,861$15,550$14,931
9 years$18,878$17,246$15,743$14,362$13,095$12,502
10 years$16,818$15,202$13,725$12,380$11,158$10,589
11 years$15,133$13,533$12,084$10,775$9,596$9,052
12 years$13,730$12,147$10,724$9,451$8,316$7,796
13 years$12,544$10,977$9,581$8,344$7,251$6,756
14 years$11,528$9,978$8,609$7,407$6,357$5,884
15 years$10,649$9,115$7,772$6,605$5,597$5,147
16 years$9,880$8,363$7,047$5,914$4,946$4,518
17 years$9,202$7,702$6,412$5,314$4,386$3,979
18 years$8,600$7,117$5,854$4,789$3,900$3,514
19 years$8,062$6,596$5,359$4,327$3,476$3,110
20 years$7,579$6,129$4,918$3,919$3,105$2,758
21 years$7,142$5,709$4,524$3,557$2,778$2,450
22 years$6,746$5,329$4,169$3,234$2,490$2,180
23 years$6,384$4,984$3,850$2,945$2,236$1,943
24 years$6,053$4,670$3,560$2,686$2,009$1,733
25 years$5,749$4,382$3,297$2,453$1,808$1,548
26 years$5,469$4,119$3,058$2,243$1,629$1,383
27 years$5,210$3,876$2,840$2,053$1,468$1,238
28 years$4,970$3,653$2,640$1,881$1,325$1,108
29 years$4,747$3,446$2,457$1,725$1,196$993
30 years$4,539$3,254$2,288$1,583$1,081$890
31 years$4,345$3,076$2,133$1,454$977$798
32 years$4,164$2,911$1,990$1,336$884$716
33 years$3,994$2,757$1,858$1,229$800$643
34 years$3,834$2,613$1,736$1,131$724$577
35 years$3,683$2,478$1,623$1,041$656$518
36 years$3,542$2,352$1,519$959$594$466
37 years$3,408$2,234$1,421$883$539$419
38 years$3,282$2,123$1,331$814$488$376
39 years$3,162$2,019$1,247$751$443$338
40 years$3,049$1,921$1,169$692$402$304
41 years$2,941$1,828$1,096$639$365$274
42 years$2,839$1,741$1,028$589$331$246
43 years$2,742$1,659$965$544$300$222
44 years$2,650$1,581$906$502$272$199
45 years$2,561$1,508$850$464$247$179
46 years$2,477$1,439$799$429$225$162
47 years$2,397$1,373$750$396$204$145
48 years$2,321$1,311$705$366$185$131
49 years$2,247$1,252$663$338$168$118
50 years$2,177$1,195$623$313$153$106

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 $4,268 every year, while hoping to spend $52,513 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: 72/21/7 Blend
71$2,230,000$2,230,000$2,230,000$2,230,000
72$2,461,862$2,343,672$2,309,107$2,636,301
73$2,657,099$2,402,639$2,330,589$2,810,942
74$2,870,490$2,462,735$2,351,030$2,995,123
75$3,103,831$2,523,960$2,370,341$3,195,306
76$3,359,100$2,586,312$2,388,426$3,413,052
77$3,638,475$2,649,789$2,405,185$3,650,081
78$3,944,354$2,714,383$2,420,513$3,908,287
79$4,279,377$2,780,086$2,434,299$4,189,756
80$4,646,453$2,846,890$2,446,428$4,496,785
81$5,048,783$2,914,780$2,456,775$4,831,902
82$5,489,896$2,983,741$2,465,214$5,197,895
83$5,973,675$3,053,754$2,471,609$5,597,831
84$6,504,400$3,124,798$2,475,818$6,035,091
85$7,086,783$3,196,848$2,477,692$6,513,397
86$7,726,016$3,269,874$2,477,076$7,036,853
87$8,427,817$3,343,845$2,473,805$7,609,974
88$9,198,484$3,418,723$2,467,707$8,237,740
89$10,044,957$3,494,468$2,458,603$8,925,634
90$10,974,879$3,571,034$2,446,303$9,679,697
91$11,996,671$3,648,369$2,430,608$10,506,585
92$13,119,611$3,726,418$2,411,313$11,413,633
93$14,353,917$3,805,119$2,388,198$12,408,918
94$15,710,850$3,884,403$2,361,036$13,501,346
95$17,202,815$3,964,197$2,329,588$14,700,723
96$18,843,477$4,044,418$2,293,605$16,017,859
97$20,647,896$4,124,978$2,252,825$17,464,662
98$22,632,660$4,205,781$2,206,973$19,054,256
99$24,816,049$4,286,722$2,155,764$20,801,098
100$27,218,201$4,367,686$2,098,898$22,721,123