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%11.2%
1 years$189,106$187,422$185,778$184,174$182,608$181,686
2 years$93,617$91,873$90,184$88,545$86,956$86,025
3 years$61,791$60,040$58,355$56,732$55,169$54,258
4 years$45,882$44,136$42,467$40,872$39,347$38,464
5 years$36,338$34,603$32,956$31,394$29,911$29,057
6 years$29,978$28,256$26,634$25,106$23,667$22,845
7 years$25,437$23,729$22,133$20,641$19,248$18,457
8 years$22,033$20,340$18,770$17,315$15,968$15,209
9 years$19,386$17,710$16,167$14,749$13,447$12,719
10 years$17,270$15,611$14,095$12,713$11,458$10,761
11 years$15,540$13,897$12,409$11,065$9,854$9,188
12 years$14,100$12,473$11,012$9,705$8,539$7,903
13 years$12,882$11,272$9,839$8,568$7,446$6,839
14 years$11,838$10,246$8,840$7,606$6,528$5,949
15 years$10,935$9,360$7,982$6,783$5,747$5,197
16 years$10,146$8,588$7,236$6,073$5,080$4,556
17 years$9,450$7,909$6,585$5,457$4,504$4,007
18 years$8,832$7,308$6,011$4,918$4,005$3,533
19 years$8,279$6,773$5,503$4,444$3,569$3,123
20 years$7,783$6,294$5,050$4,025$3,188$2,766
21 years$7,334$5,863$4,645$3,653$2,853$2,453
22 years$6,927$5,472$4,281$3,321$2,557$2,180
23 years$6,556$5,118$3,953$3,025$2,296$1,939
24 years$6,216$4,796$3,656$2,759$2,063$1,727
25 years$5,904$4,500$3,386$2,519$1,857$1,540
26 years$5,616$4,230$3,140$2,303$1,673$1,375
27 years$5,350$3,981$2,916$2,108$1,508$1,228
28 years$5,104$3,751$2,711$1,932$1,361$1,098
29 years$4,875$3,539$2,523$1,771$1,229$982
30 years$4,661$3,342$2,350$1,626$1,110$879
31 years$4,462$3,159$2,191$1,493$1,004$787
32 years$4,276$2,989$2,044$1,372$908$705
33 years$4,101$2,831$1,908$1,262$822$631
34 years$3,937$2,683$1,783$1,161$744$566
35 years$3,783$2,545$1,667$1,069$674$508
36 years$3,637$2,415$1,560$984$610$455
37 years$3,500$2,294$1,460$907$553$409
38 years$3,370$2,180$1,367$836$502$367
39 years$3,247$2,073$1,281$771$455$329
40 years$3,131$1,972$1,200$711$413$296
41 years$3,020$1,877$1,126$656$374$265
42 years$2,916$1,788$1,056$605$340$238
43 years$2,816$1,704$991$559$308$214
44 years$2,721$1,624$930$516$280$192
45 years$2,630$1,549$873$477$254$173
46 years$2,544$1,477$820$440$231$155
47 years$2,462$1,410$771$407$209$140
48 years$2,383$1,346$724$376$190$125
49 years$2,308$1,285$681$347$173$113
50 years$2,236$1,228$640$321$157$101

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 $3,435 every year, while hoping to spend $45,534 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: 68/10/22 Blend
71$2,290,000$2,290,000$2,290,000$2,290,000
72$2,527,123$2,405,753$2,370,258$2,684,725
73$2,736,442$2,475,187$2,401,214$2,860,146
74$2,965,585$2,546,498$2,431,681$3,046,389
75$3,216,527$2,619,728$2,461,594$3,249,046
76$3,491,441$2,694,923$2,490,885$3,469,736
77$3,792,721$2,772,127$2,519,483$3,710,241
78$4,123,004$2,851,387$2,547,312$3,972,525
79$4,485,194$2,932,748$2,574,290$4,258,750
80$4,882,488$3,016,258$2,600,334$4,571,299
81$5,318,411$3,101,964$2,625,354$4,912,796
82$5,796,843$3,189,913$2,649,257$5,286,133
83$6,322,056$3,280,155$2,671,943$5,694,497
84$6,898,761$3,372,737$2,693,307$6,141,395
85$7,532,142$3,467,709$2,713,241$6,630,697
86$8,227,915$3,565,121$2,731,629$7,166,661
87$8,992,372$3,665,022$2,748,348$7,753,982
88$9,832,448$3,767,462$2,763,272$8,397,833
89$10,755,782$3,872,492$2,776,266$9,103,913
90$11,770,789$3,980,161$2,787,188$9,878,501
91$12,886,741$4,090,521$2,795,891$10,728,517
92$14,113,854$4,203,621$2,802,218$11,661,587
93$15,463,381$4,319,512$2,806,006$12,686,111
94$16,947,721$4,438,244$2,807,083$13,811,348
95$18,580,538$4,559,867$2,805,269$15,047,500
96$20,376,882$4,684,430$2,800,375$16,405,809
97$22,353,339$4,811,982$2,792,203$17,898,663
98$24,528,182$4,942,572$2,780,544$19,539,714
99$26,921,546$5,076,247$2,765,181$21,344,005
100$29,555,614$5,213,054$2,745,885$23,328,113