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%14.2%
1 years$188,280$186,603$184,967$183,370$181,810$178,651
2 years$93,208$91,472$89,790$88,159$86,576$83,404
3 years$61,521$59,778$58,100$56,484$54,928$51,841
4 years$45,681$43,943$42,282$40,694$39,175$36,197
5 years$36,180$34,452$32,812$31,257$29,780$26,920
6 years$29,847$28,133$26,517$24,996$23,564$20,825
7 years$25,326$23,626$22,036$20,551$19,164$16,547
8 years$21,936$20,252$18,688$17,239$15,898$13,402
9 years$19,302$17,633$16,096$14,684$13,389$11,012
10 years$17,195$15,542$14,033$12,658$11,408$9,149
11 years$15,472$13,836$12,354$11,016$9,811$7,668
12 years$14,038$12,419$10,964$9,663$8,502$6,471
13 years$12,825$11,223$9,796$8,531$7,414$5,492
14 years$11,787$10,201$8,802$7,573$6,499$4,683
15 years$10,887$9,319$7,947$6,753$5,722$4,009
16 years$10,101$8,550$7,205$6,047$5,057$3,443
17 years$9,408$7,874$6,556$5,433$4,484$2,965
18 years$8,793$7,276$5,985$4,896$3,987$2,559
19 years$8,243$6,744$5,479$4,424$3,554$2,213
20 years$7,749$6,266$5,028$4,007$3,174$1,917
21 years$7,302$5,837$4,625$3,637$2,841$1,663
22 years$6,897$5,449$4,263$3,307$2,546$1,444
23 years$6,527$5,096$3,936$3,011$2,286$1,256
24 years$6,189$4,775$3,640$2,747$2,054$1,093
25 years$5,878$4,481$3,371$2,508$1,849$952
26 years$5,592$4,211$3,127$2,293$1,665$830
27 years$5,327$3,963$2,903$2,099$1,501$724
28 years$5,082$3,734$2,699$1,923$1,355$631
29 years$4,854$3,523$2,512$1,764$1,223$551
30 years$4,641$3,327$2,340$1,619$1,105$481
31 years$4,443$3,145$2,181$1,487$999$421
32 years$4,257$2,976$2,035$1,366$904$367
33 years$4,083$2,818$1,900$1,256$818$321
34 years$3,920$2,671$1,775$1,156$741$281
35 years$3,766$2,534$1,660$1,064$671$246
36 years$3,621$2,405$1,553$980$608$215
37 years$3,484$2,284$1,453$903$551$188
38 years$3,355$2,171$1,361$832$499$164
39 years$3,233$2,064$1,275$767$453$144
40 years$3,117$1,964$1,195$708$411$126
41 years$3,007$1,869$1,121$653$373$110
42 years$2,903$1,780$1,051$603$338$96
43 years$2,803$1,696$986$556$307$84
44 years$2,709$1,617$926$514$279$74
45 years$2,619$1,542$869$474$253$65
46 years$2,533$1,471$817$438$230$57
47 years$2,451$1,404$767$405$209$50
48 years$2,373$1,340$721$374$189$43
49 years$2,298$1,280$678$346$172$38
50 years$2,226$1,222$637$320$156$33

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 $3,619 every year, while hoping to spend $39,909 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: 57/20/23 Blend
71$2,280,000$2,280,000$2,280,000$2,280,000
72$2,516,293$2,395,453$2,360,113$2,643,879
73$2,730,492$2,470,367$2,396,714$2,806,337
74$2,965,202$2,547,615$2,433,203$2,978,749
75$3,222,472$2,627,268$2,469,536$3,165,803
76$3,504,561$2,709,401$2,505,662$3,368,921
77$3,813,955$2,794,090$2,541,530$3,589,668
78$4,153,393$2,881,415$2,577,086$3,829,770
79$4,525,891$2,971,457$2,612,270$4,091,124
80$4,934,773$3,064,299$2,647,023$4,375,820
81$5,383,700$3,160,029$2,681,278$4,686,161
82$5,876,702$3,258,736$2,714,965$5,024,682
83$6,418,223$3,360,511$2,748,014$5,394,174
84$7,013,155$3,465,449$2,780,345$5,797,714
85$7,666,888$3,573,647$2,811,878$6,238,688
86$8,385,361$3,685,207$2,842,527$6,720,827
87$9,175,117$3,800,231$2,872,201$7,248,242
88$10,043,364$3,918,827$2,900,804$7,825,459
89$10,998,041$4,041,104$2,928,235$8,457,465
90$12,047,899$4,167,175$2,954,389$9,149,755
91$13,202,575$4,297,158$2,979,152$9,908,382
92$14,472,692$4,431,172$3,002,407$10,740,014
93$15,869,949$4,569,342$3,024,030$11,651,997
94$17,407,239$4,711,795$3,043,890$12,652,426
95$19,098,767$4,858,663$3,061,850$13,750,219
96$20,960,184$5,010,081$3,077,766$14,955,201
97$23,008,737$5,166,189$3,091,484$16,278,197
98$25,263,426$5,327,130$3,102,847$17,731,137
99$27,745,189$5,493,053$3,111,686$19,327,163
100$30,477,096$5,664,110$3,117,826$21,080,757