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

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$187,454$185,785$184,156$182,566$181,013$176,208
2 years$92,799$91,071$89,396$87,772$86,197$81,389
3 years$61,252$59,516$57,845$56,236$54,687$50,028
4 years$45,481$43,750$42,096$40,515$39,003$34,528
5 years$36,021$34,301$32,669$31,119$29,649$25,370
6 years$29,716$28,009$26,401$24,887$23,461$19,382
7 years$25,215$23,522$21,939$20,461$19,080$15,201
8 years$21,840$20,163$18,606$17,164$15,829$12,149
9 years$19,217$17,555$16,026$14,620$13,330$9,846
10 years$17,120$15,474$13,972$12,602$11,358$8,064
11 years$15,405$13,776$12,300$10,968$9,768$6,661
12 years$13,977$12,364$10,916$9,620$8,465$5,538
13 years$12,769$11,174$9,753$8,493$7,381$4,628
14 years$11,735$10,157$8,763$7,539$6,471$3,885
15 years$10,840$9,278$7,912$6,724$5,697$3,273
16 years$10,057$8,513$7,173$6,020$5,035$2,765
17 years$9,367$7,840$6,527$5,409$4,465$2,342
18 years$8,755$7,244$5,959$4,875$3,970$1,988
19 years$8,207$6,714$5,455$4,405$3,538$1,690
20 years$7,715$6,239$5,006$3,989$3,160$1,439
21 years$7,270$5,811$4,605$3,621$2,828$1,226
22 years$6,867$5,425$4,244$3,292$2,535$1,046
23 years$6,499$5,074$3,919$2,998$2,276$894
24 years$6,162$4,754$3,624$2,734$2,045$764
25 years$5,852$4,461$3,357$2,497$1,841$653
26 years$5,567$4,193$3,113$2,283$1,658$559
27 years$5,304$3,946$2,891$2,090$1,495$478
28 years$5,059$3,718$2,687$1,915$1,349$410
29 years$4,832$3,508$2,501$1,756$1,218$351
30 years$4,621$3,313$2,329$1,612$1,100$301
31 years$4,423$3,131$2,172$1,480$995$258
32 years$4,238$2,963$2,026$1,360$900$221
33 years$4,065$2,806$1,892$1,251$814$189
34 years$3,903$2,659$1,768$1,151$737$162
35 years$3,750$2,522$1,653$1,059$668$139
36 years$3,605$2,394$1,546$976$605$120
37 years$3,469$2,274$1,447$899$548$103
38 years$3,341$2,161$1,355$829$497$88
39 years$3,219$2,055$1,270$764$451$75
40 years$3,103$1,955$1,190$705$409$65
41 years$2,994$1,861$1,116$650$371$56
42 years$2,890$1,772$1,047$600$337$48
43 years$2,791$1,689$982$554$306$41
44 years$2,697$1,610$922$511$277$35
45 years$2,607$1,535$866$472$252$30
46 years$2,522$1,464$813$436$229$26
47 years$2,440$1,397$764$403$208$22
48 years$2,362$1,334$718$372$189$19
49 years$2,288$1,274$675$344$171$16
50 years$2,216$1,217$634$318$156$14

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 $5,472 every year, while hoping to spend $20,950 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: 63/31/6 Blend
71$2,270,000$2,270,000$2,270,000$2,270,000
72$2,507,184$2,386,874$2,351,689$2,662,194
73$2,740,627$2,481,541$2,408,180$2,860,827
74$2,997,178$2,580,143$2,465,862$3,074,638
75$3,279,173$2,682,853$2,524,751$3,307,527
76$3,589,184$2,789,849$2,584,866$3,561,338
77$3,930,046$2,901,317$2,646,224$3,838,101
78$4,304,881$3,017,452$2,708,843$4,140,048
79$4,717,129$3,138,457$2,772,740$4,469,634
80$5,170,581$3,264,546$2,837,931$4,829,562
81$5,669,413$3,395,941$2,904,434$5,222,804
82$6,218,225$3,532,875$2,972,265$5,652,631
83$6,822,088$3,675,590$3,041,440$6,122,644
84$7,486,588$3,824,340$3,111,975$6,636,803
85$8,217,879$3,979,392$3,183,885$7,199,470
86$9,022,743$4,141,022$3,257,185$7,815,444
87$9,908,652$4,309,522$3,331,890$8,490,008
88$10,883,840$4,485,194$3,408,014$9,228,977
89$11,957,379$4,668,356$3,485,570$10,038,755
90$13,139,266$4,859,339$3,564,571$10,926,391
91$14,440,516$5,058,491$3,645,028$11,899,645
92$15,873,266$5,266,175$3,726,954$12,967,063
93$17,450,891$5,482,769$3,810,359$14,138,054
94$19,188,128$5,708,671$3,895,252$15,422,979
95$21,101,216$5,944,295$3,981,642$16,833,250
96$23,208,050$6,190,076$4,069,537$18,381,429
97$25,528,348$6,446,466$4,158,944$20,081,356
98$28,083,839$6,713,942$4,249,868$21,948,270
99$30,898,465$6,993,000$4,342,313$23,998,956
100$33,998,610$7,284,159$4,436,282$26,251,900