Can I retire at age 72 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$189,106$187,422$185,778$184,174$182,608$176,550
2 years$93,617$91,873$90,184$88,545$86,956$80,912
3 years$61,791$60,040$58,355$56,732$55,169$49,328
4 years$45,882$44,136$42,467$40,872$39,347$33,754
5 years$36,338$34,603$32,956$31,394$29,911$24,581
6 years$29,978$28,256$26,634$25,106$23,667$18,604
7 years$25,437$23,729$22,133$20,641$19,248$14,451
8 years$22,033$20,340$18,770$17,315$15,968$11,434
9 years$19,386$17,710$16,167$14,749$13,447$9,171
10 years$17,270$15,611$14,095$12,713$11,458$7,432
11 years$15,540$13,897$12,409$11,065$9,854$6,072
12 years$14,100$12,473$11,012$9,705$8,539$4,992
13 years$12,882$11,272$9,839$8,568$7,446$4,124
14 years$11,838$10,246$8,840$7,606$6,528$3,422
15 years$10,935$9,360$7,982$6,783$5,747$2,848
16 years$10,146$8,588$7,236$6,073$5,080$2,377
17 years$9,450$7,909$6,585$5,457$4,504$1,988
18 years$8,832$7,308$6,011$4,918$4,005$1,666
19 years$8,279$6,773$5,503$4,444$3,569$1,399
20 years$7,783$6,294$5,050$4,025$3,188$1,175
21 years$7,334$5,863$4,645$3,653$2,853$989
22 years$6,927$5,472$4,281$3,321$2,557$833
23 years$6,556$5,118$3,953$3,025$2,296$702
24 years$6,216$4,796$3,656$2,759$2,063$592
25 years$5,904$4,500$3,386$2,519$1,857$499
26 years$5,616$4,230$3,140$2,303$1,673$421
27 years$5,350$3,981$2,916$2,108$1,508$356
28 years$5,104$3,751$2,711$1,932$1,361$300
29 years$4,875$3,539$2,523$1,771$1,229$254
30 years$4,661$3,342$2,350$1,626$1,110$214
31 years$4,462$3,159$2,191$1,493$1,004$181
32 years$4,276$2,989$2,044$1,372$908$153
33 years$4,101$2,831$1,908$1,262$822$130
34 years$3,937$2,683$1,783$1,161$744$110
35 years$3,783$2,545$1,667$1,069$674$93
36 years$3,637$2,415$1,560$984$610$78
37 years$3,500$2,294$1,460$907$553$66
38 years$3,370$2,180$1,367$836$502$56
39 years$3,247$2,073$1,281$771$455$47
40 years$3,131$1,972$1,200$711$413$40
41 years$3,020$1,877$1,126$656$374$34
42 years$2,916$1,788$1,056$605$340$29
43 years$2,816$1,704$991$559$308$24
44 years$2,721$1,624$930$516$280$21
45 years$2,630$1,549$873$477$254$17
46 years$2,544$1,477$820$440$231$15
47 years$2,462$1,410$771$407$209$12
48 years$2,383$1,346$724$376$190$11
49 years$2,308$1,285$681$347$173$9
50 years$2,236$1,228$640$321$157$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,290,000, adding $4,913 every year, while hoping to spend $31,897 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: 79/7/14 Blend
71$2,290,000$2,290,000$2,290,000$2,290,000
72$2,528,648$2,407,278$2,371,783$2,720,880
73$2,752,632$2,491,296$2,417,299$2,932,091
74$2,998,393$2,578,363$2,463,272$3,159,186
75$3,268,119$2,668,592$2,509,681$3,407,443
76$3,564,220$2,762,106$2,556,508$3,678,965
77$3,889,349$2,859,028$2,603,731$3,976,070
78$4,246,432$2,959,490$2,651,325$4,301,310
79$4,638,689$3,063,626$2,699,265$4,657,494
80$5,069,668$3,171,576$2,747,523$5,047,720
81$5,543,279$3,283,488$2,796,070$5,475,396
82$6,063,828$3,399,514$2,844,873$5,944,278
83$6,636,060$3,519,811$2,893,897$6,458,504
84$7,265,202$3,644,546$2,943,106$7,022,631
85$7,957,012$3,773,888$2,992,460$7,641,679
86$8,717,836$3,908,018$3,041,917$8,321,180
87$9,554,664$4,047,119$3,091,430$9,067,226
88$10,475,199$4,191,387$3,140,951$9,886,530
89$11,487,925$4,341,021$3,190,429$10,786,487
90$12,602,194$4,496,231$3,239,809$11,775,244
91$13,828,307$4,657,236$3,289,032$12,861,779
92$15,177,615$4,824,261$3,338,035$14,055,980
93$16,662,625$4,997,544$3,386,753$15,368,745
94$18,297,119$5,177,329$3,435,115$16,812,078
95$20,096,280$5,363,873$3,483,047$18,399,207
96$22,076,841$5,557,444$3,530,469$20,144,706
97$24,257,238$5,758,317$3,577,298$22,064,635
98$26,657,784$5,966,783$3,623,446$24,176,687
99$29,300,865$6,183,142$3,668,818$26,500,359
100$32,211,146$6,407,708$3,713,316$29,057,132