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

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$188,280$186,603$184,967$183,370$181,810$178,505
2 years$93,208$91,472$89,790$88,159$86,576$83,258
3 years$61,521$59,778$58,100$56,484$54,928$51,700
4 years$45,681$43,943$42,282$40,694$39,175$36,062
5 years$36,180$34,452$32,812$31,257$29,780$26,792
6 years$29,847$28,133$26,517$24,996$23,564$20,703
7 years$25,326$23,626$22,036$20,551$19,164$16,431
8 years$21,936$20,252$18,688$17,239$15,898$13,293
9 years$19,302$17,633$16,096$14,684$13,389$10,910
10 years$17,195$15,542$14,033$12,658$11,408$9,053
11 years$15,472$13,836$12,354$11,016$9,811$7,577
12 years$14,038$12,419$10,964$9,663$8,502$6,387
13 years$12,825$11,223$9,796$8,531$7,414$5,413
14 years$11,787$10,201$8,802$7,573$6,499$4,610
15 years$10,887$9,319$7,947$6,753$5,722$3,941
16 years$10,101$8,550$7,205$6,047$5,057$3,379
17 years$9,408$7,874$6,556$5,433$4,484$2,906
18 years$8,793$7,276$5,985$4,896$3,987$2,505
19 years$8,243$6,744$5,479$4,424$3,554$2,163
20 years$7,749$6,266$5,028$4,007$3,174$1,871
21 years$7,302$5,837$4,625$3,637$2,841$1,620
22 years$6,897$5,449$4,263$3,307$2,546$1,405
23 years$6,527$5,096$3,936$3,011$2,286$1,220
24 years$6,189$4,775$3,640$2,747$2,054$1,060
25 years$5,878$4,481$3,371$2,508$1,849$922
26 years$5,592$4,211$3,127$2,293$1,665$802
27 years$5,327$3,963$2,903$2,099$1,501$698
28 years$5,082$3,734$2,699$1,923$1,355$608
29 years$4,854$3,523$2,512$1,764$1,223$530
30 years$4,641$3,327$2,340$1,619$1,105$462
31 years$4,443$3,145$2,181$1,487$999$403
32 years$4,257$2,976$2,035$1,366$904$352
33 years$4,083$2,818$1,900$1,256$818$307
34 years$3,920$2,671$1,775$1,156$741$268
35 years$3,766$2,534$1,660$1,064$671$234
36 years$3,621$2,405$1,553$980$608$204
37 years$3,484$2,284$1,453$903$551$178
38 years$3,355$2,171$1,361$832$499$156
39 years$3,233$2,064$1,275$767$453$136
40 years$3,117$1,964$1,195$708$411$119
41 years$3,007$1,869$1,121$653$373$104
42 years$2,903$1,780$1,051$603$338$91
43 years$2,803$1,696$986$556$307$79
44 years$2,709$1,617$926$514$279$69
45 years$2,619$1,542$869$474$253$61
46 years$2,533$1,471$817$438$230$53
47 years$2,451$1,404$767$405$209$46
48 years$2,373$1,340$721$374$189$40
49 years$2,298$1,280$678$346$172$35
50 years$2,226$1,222$637$320$156$31

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 $5,031 every year, while hoping to spend $50,273 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: 40/30/30 Blend
71$2,280,000$2,280,000$2,280,000$2,280,000
72$2,517,749$2,396,909$2,361,569$2,595,996
73$2,721,070$2,460,868$2,387,192$2,717,538
74$2,943,444$2,526,275$2,411,988$2,843,943
75$3,186,762$2,593,150$2,435,876$2,979,763
76$3,453,106$2,661,508$2,458,773$3,125,896
77$3,744,768$2,731,367$2,480,586$3,283,330
78$4,064,272$2,802,742$2,501,223$3,453,153
79$4,414,397$2,875,646$2,520,584$3,636,563
80$4,798,206$2,950,093$2,538,564$3,834,882
81$5,219,070$3,026,095$2,555,053$4,049,566
82$5,680,703$3,103,661$2,569,935$4,282,219
83$6,187,195$3,182,800$2,583,088$4,534,610
84$6,743,051$3,263,520$2,594,384$4,808,687
85$7,353,235$3,345,825$2,603,688$5,106,597
86$8,023,212$3,429,718$2,610,859$5,430,709
87$8,759,006$3,515,200$2,615,749$5,783,629
88$9,567,250$3,602,270$2,618,202$6,168,235
89$10,455,251$3,690,923$2,618,054$6,587,695
90$11,431,061$3,781,153$2,615,133$7,045,503
91$12,503,550$3,872,950$2,609,260$7,545,510
92$13,682,487$3,966,299$2,600,245$8,091,961
93$14,978,638$4,061,186$2,587,891$8,689,534
94$16,403,864$4,157,589$2,571,990$9,343,387
95$17,971,231$4,255,484$2,552,325$10,059,205
96$19,695,136$4,354,842$2,528,668$10,843,254
97$21,591,441$4,455,630$2,500,779$11,702,441
98$23,677,622$4,557,810$2,468,409$12,644,382
99$25,972,935$4,661,338$2,431,296$13,677,469
100$28,498,596$4,766,165$2,389,166$14,810,955