Can I retire at age 72 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$188,280$186,603$184,967$183,370$181,810$175,290
2 years$93,208$91,472$89,790$88,159$86,576$80,078
3 years$61,521$59,778$58,100$56,484$54,928$48,655
4 years$45,681$43,943$42,282$40,694$39,175$33,176
5 years$36,180$34,452$32,812$31,257$29,780$24,071
6 years$29,847$28,133$26,517$24,996$23,564$18,149
7 years$25,326$23,626$22,036$20,551$19,164$14,041
8 years$21,936$20,252$18,688$17,239$15,898$11,064
9 years$19,302$17,633$16,096$14,684$13,389$8,836
10 years$17,195$15,542$14,033$12,658$11,408$7,129
11 years$15,472$13,836$12,354$11,016$9,811$5,798
12 years$14,038$12,419$10,964$9,663$8,502$4,744
13 years$12,825$11,223$9,796$8,531$7,414$3,901
14 years$11,787$10,201$8,802$7,573$6,499$3,221
15 years$10,887$9,319$7,947$6,753$5,722$2,668
16 years$10,101$8,550$7,205$6,047$5,057$2,215
17 years$9,408$7,874$6,556$5,433$4,484$1,844
18 years$8,793$7,276$5,985$4,896$3,987$1,537
19 years$8,243$6,744$5,479$4,424$3,554$1,283
20 years$7,749$6,266$5,028$4,007$3,174$1,073
21 years$7,302$5,837$4,625$3,637$2,841$897
22 years$6,897$5,449$4,263$3,307$2,546$752
23 years$6,527$5,096$3,936$3,011$2,286$630
24 years$6,189$4,775$3,640$2,747$2,054$528
25 years$5,878$4,481$3,371$2,508$1,849$443
26 years$5,592$4,211$3,127$2,293$1,665$372
27 years$5,327$3,963$2,903$2,099$1,501$312
28 years$5,082$3,734$2,699$1,923$1,355$262
29 years$4,854$3,523$2,512$1,764$1,223$220
30 years$4,641$3,327$2,340$1,619$1,105$185
31 years$4,443$3,145$2,181$1,487$999$155
32 years$4,257$2,976$2,035$1,366$904$131
33 years$4,083$2,818$1,900$1,256$818$110
34 years$3,920$2,671$1,775$1,156$741$92
35 years$3,766$2,534$1,660$1,064$671$78
36 years$3,621$2,405$1,553$980$608$65
37 years$3,484$2,284$1,453$903$551$55
38 years$3,355$2,171$1,361$832$499$46
39 years$3,233$2,064$1,275$767$453$39
40 years$3,117$1,964$1,195$708$411$33
41 years$3,007$1,869$1,121$653$373$27
42 years$2,903$1,780$1,051$603$338$23
43 years$2,803$1,696$986$556$307$19
44 years$2,709$1,617$926$514$279$16
45 years$2,619$1,542$869$474$253$14
46 years$2,533$1,471$817$438$230$12
47 years$2,451$1,404$767$405$209$10
48 years$2,373$1,340$721$374$189$8
49 years$2,298$1,280$678$346$172$7
50 years$2,226$1,222$637$320$156$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,280,000, adding $6,563 every year, while hoping to spend $54,688 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: 38/44/18 Blend
71$2,280,000$2,280,000$2,280,000$2,280,000
72$2,519,330$2,398,490$2,363,150$2,601,209
73$2,718,114$2,457,828$2,384,128$2,720,052
74$2,935,341$2,518,241$2,403,975$2,842,717
75$3,172,834$2,579,724$2,422,597$2,974,137
76$3,432,602$2,642,269$2,439,893$3,115,133
77$3,716,855$2,705,867$2,455,756$3,266,605
78$4,028,026$2,770,507$2,470,076$3,429,548
79$4,368,796$2,836,173$2,482,736$3,605,055
80$4,742,117$2,902,849$2,493,611$3,794,331
81$5,151,240$2,970,516$2,502,574$3,998,706
82$5,599,743$3,039,148$2,509,487$4,219,642
83$6,091,572$3,108,721$2,514,209$4,458,751
84$6,631,067$3,179,203$2,516,590$4,717,810
85$7,223,013$3,250,561$2,516,473$4,998,779
86$7,872,678$3,322,756$2,513,693$5,303,814
87$8,585,865$3,395,746$2,508,076$5,635,295
88$9,368,969$3,469,482$2,499,441$5,995,842
89$10,229,030$3,543,913$2,487,599$6,388,346
90$11,173,806$3,618,981$2,472,349$6,815,992
91$12,211,845$3,694,621$2,453,483$7,282,290
92$13,352,560$3,770,765$2,430,782$7,791,110
93$14,606,325$3,847,335$2,404,016$8,346,719
94$15,984,564$3,924,249$2,372,946$8,953,817
95$17,499,869$4,001,417$2,337,319$9,617,589
96$19,166,109$4,078,739$2,296,872$10,343,749
97$20,998,564$4,156,110$2,251,329$11,138,595
98$23,014,072$4,233,413$2,200,403$12,009,071
99$25,231,182$4,310,525$2,143,791$12,962,832
100$27,670,331$4,387,309$2,081,176$14,008,315