Can I retire at age 72 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$187,454$185,785$184,156$182,566$181,013$177,576
2 years$92,799$91,071$89,396$87,772$86,197$82,748
3 years$61,252$59,516$57,845$56,236$54,687$51,333
4 years$45,481$43,750$42,096$40,515$39,003$35,770
5 years$36,021$34,301$32,669$31,119$29,649$26,547
6 years$29,716$28,009$26,401$24,887$23,461$20,492
7 years$25,215$23,522$21,939$20,461$19,080$16,245
8 years$21,840$20,163$18,606$17,164$15,829$13,128
9 years$19,217$17,555$16,026$14,620$13,330$10,761
10 years$17,120$15,474$13,972$12,602$11,358$8,918
11 years$15,405$13,776$12,300$10,968$9,768$7,455
12 years$13,977$12,364$10,916$9,620$8,465$6,276
13 years$12,769$11,174$9,753$8,493$7,381$5,312
14 years$11,735$10,157$8,763$7,539$6,471$4,518
15 years$10,840$9,278$7,912$6,724$5,697$3,857
16 years$10,057$8,513$7,173$6,020$5,035$3,303
17 years$9,367$7,840$6,527$5,409$4,465$2,836
18 years$8,755$7,244$5,959$4,875$3,970$2,441
19 years$8,207$6,714$5,455$4,405$3,538$2,104
20 years$7,715$6,239$5,006$3,989$3,160$1,817
21 years$7,270$5,811$4,605$3,621$2,828$1,572
22 years$6,867$5,425$4,244$3,292$2,535$1,361
23 years$6,499$5,074$3,919$2,998$2,276$1,180
24 years$6,162$4,754$3,624$2,734$2,045$1,024
25 years$5,852$4,461$3,357$2,497$1,841$889
26 years$5,567$4,193$3,113$2,283$1,658$772
27 years$5,304$3,946$2,891$2,090$1,495$671
28 years$5,059$3,718$2,687$1,915$1,349$584
29 years$4,832$3,508$2,501$1,756$1,218$508
30 years$4,621$3,313$2,329$1,612$1,100$442
31 years$4,423$3,131$2,172$1,480$995$385
32 years$4,238$2,963$2,026$1,360$900$335
33 years$4,065$2,806$1,892$1,251$814$292
34 years$3,903$2,659$1,768$1,151$737$255
35 years$3,750$2,522$1,653$1,059$668$222
36 years$3,605$2,394$1,546$976$605$193
37 years$3,469$2,274$1,447$899$548$169
38 years$3,341$2,161$1,355$829$497$147
39 years$3,219$2,055$1,270$764$451$128
40 years$3,103$1,955$1,190$705$409$112
41 years$2,994$1,861$1,116$650$371$97
42 years$2,890$1,772$1,047$600$337$85
43 years$2,791$1,689$982$554$306$74
44 years$2,697$1,610$922$511$277$65
45 years$2,607$1,535$866$472$252$56
46 years$2,522$1,464$813$436$229$49
47 years$2,440$1,397$764$403$208$43
48 years$2,362$1,334$718$372$189$37
49 years$2,288$1,274$675$344$171$33
50 years$2,216$1,217$634$318$156$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,270,000, adding $6,715 every year, while hoping to spend $22,086 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: 62/30/8 Blend
71$2,270,000$2,270,000$2,270,000$2,270,000
72$2,508,467$2,388,157$2,352,972$2,659,423
73$2,740,831$2,481,677$2,408,297$2,854,641
74$2,996,156$2,579,039$2,464,735$3,064,456
75$3,276,761$2,680,409$2,522,301$3,292,898
76$3,585,200$2,785,959$2,581,007$3,541,770
77$3,924,287$2,895,867$2,640,868$3,813,051
78$4,297,123$3,010,324$2,701,896$4,108,920
79$4,707,124$3,129,524$2,764,104$4,431,775
80$5,158,054$3,253,674$2,827,504$4,784,252
81$5,654,058$3,382,987$2,892,108$5,169,252
82$6,199,707$3,517,688$2,957,929$5,589,970
83$6,800,033$3,658,010$3,024,975$6,049,919
84$7,460,583$3,804,200$3,093,258$6,552,965
85$8,187,467$3,956,511$3,162,788$7,103,367
86$8,987,420$4,115,211$3,233,573$7,705,809
87$9,867,861$4,280,580$3,305,621$8,365,449
88$10,836,963$4,452,909$3,378,940$9,087,965
89$11,903,736$4,632,504$3,453,537$9,879,608
90$13,078,103$4,819,683$3,529,416$10,747,259
91$14,371,002$5,014,779$3,606,584$11,698,498
92$15,794,483$5,218,142$3,685,043$12,741,666
93$17,361,824$5,430,135$3,764,796$13,885,952
94$19,087,658$5,651,140$3,845,845$15,141,473
95$20,988,107$5,881,553$3,928,188$16,519,370
96$23,080,937$6,121,793$4,011,826$18,031,912
97$25,385,725$6,372,294$4,096,755$19,692,612
98$27,924,044$6,633,511$4,182,971$21,516,351
99$30,719,664$6,905,920$4,270,468$23,519,522
100$33,798,779$7,190,020$4,359,238$25,720,176