Can I retire at age 72 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$189,932$188,240$186,589$184,978$183,405$180,889
2 years$94,026$92,275$90,577$88,932$87,336$84,805
3 years$62,061$60,302$58,610$56,980$55,409$52,943
4 years$46,082$44,329$42,653$41,051$39,518$37,135
5 years$36,497$34,754$33,100$31,531$30,041$27,748
6 years$30,109$28,379$26,750$25,215$23,771$21,570
7 years$25,548$23,833$22,229$20,731$19,332$17,225
8 years$22,129$20,429$18,852$17,391$16,038$14,025
9 years$19,471$17,787$16,237$14,813$13,506$11,585
10 years$17,346$15,679$14,156$12,769$11,508$9,678
11 years$15,608$13,958$12,463$11,113$9,897$8,157
12 years$14,161$12,528$11,060$9,747$8,577$6,924
13 years$12,938$11,321$9,882$8,606$7,479$5,911
14 years$11,890$10,291$8,879$7,639$6,556$5,071
15 years$10,983$9,401$8,016$6,813$5,772$4,368
16 years$10,190$8,625$7,268$6,100$5,102$3,775
17 years$9,491$7,943$6,614$5,481$4,524$3,271
18 years$8,870$7,340$6,037$4,939$4,022$2,842
19 years$8,316$6,803$5,527$4,463$3,585$2,474
20 years$7,817$6,321$5,072$4,042$3,202$2,158
21 years$7,366$5,888$4,666$3,669$2,866$1,884
22 years$6,957$5,496$4,300$3,336$2,569$1,648
23 years$6,585$5,141$3,970$3,038$2,306$1,443
24 years$6,243$4,816$3,672$2,771$2,072$1,265
25 years$5,930$4,520$3,401$2,530$1,865$1,109
26 years$5,641$4,248$3,154$2,314$1,680$974
27 years$5,374$3,998$2,929$2,118$1,514$856
28 years$5,126$3,767$2,723$1,940$1,367$752
29 years$4,896$3,554$2,534$1,779$1,234$661
30 years$4,682$3,356$2,360$1,633$1,115$582
31 years$4,482$3,173$2,200$1,500$1,008$512
32 years$4,294$3,002$2,053$1,378$912$451
33 years$4,119$2,843$1,917$1,267$825$397
34 years$3,954$2,695$1,791$1,166$747$350
35 years$3,799$2,556$1,674$1,073$677$308
36 years$3,653$2,426$1,566$989$613$272
37 years$3,515$2,304$1,466$911$556$239
38 years$3,385$2,190$1,373$840$504$211
39 years$3,261$2,082$1,286$774$457$186
40 years$3,144$1,981$1,206$714$414$164
41 years$3,034$1,886$1,131$659$376$145
42 years$2,928$1,796$1,060$608$341$128
43 years$2,828$1,711$995$561$310$113
44 years$2,733$1,631$934$518$281$99
45 years$2,642$1,555$877$479$255$88
46 years$2,555$1,484$824$442$232$77
47 years$2,473$1,416$774$408$210$68
48 years$2,393$1,352$727$377$191$60
49 years$2,318$1,291$684$349$173$53
50 years$2,246$1,233$643$322$158$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,300,000, adding $3,074 every year, while hoping to spend $21,529 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: 60/32/8 Blend
71$2,300,000$2,300,000$2,300,000$2,300,000
72$2,537,771$2,415,871$2,380,221$2,685,478
73$2,773,717$2,511,342$2,437,052$2,880,307
74$3,033,008$2,610,769$2,495,065$3,089,979
75$3,318,002$2,714,324$2,554,277$3,318,134
76$3,631,298$2,822,186$2,614,705$3,566,549
77$3,975,758$2,934,541$2,676,365$3,837,183
78$4,354,536$3,051,584$2,739,274$4,132,187
79$4,771,107$3,173,520$2,803,448$4,453,928
80$5,229,299$3,300,562$2,868,903$4,805,011
81$5,733,331$3,432,932$2,935,654$5,188,301
82$6,287,848$3,570,864$3,003,716$5,606,949
83$6,897,973$3,714,600$3,073,105$6,064,426
84$7,569,346$3,864,396$3,143,834$6,564,548
85$8,308,185$4,020,517$3,215,918$7,111,515
86$9,121,338$4,183,240$3,289,369$7,709,951
87$10,016,353$4,352,857$3,364,201$8,364,945
88$11,001,545$4,529,672$3,440,427$9,082,099
89$12,086,079$4,714,001$3,518,057$9,867,577
90$13,280,049$4,906,178$3,597,102$10,728,170
91$14,594,582$5,106,548$3,677,573$11,671,350
92$16,041,936$5,315,476$3,759,478$12,705,346
93$17,635,620$5,533,341$3,842,827$13,839,217
94$19,390,517$5,760,539$3,927,626$15,082,939
95$21,323,030$5,997,486$4,013,882$16,447,497
96$23,451,232$6,244,615$4,101,600$17,944,987
97$25,795,039$6,502,382$4,190,784$19,588,729
98$28,376,394$6,771,260$4,281,437$21,393,395
99$31,219,481$7,051,747$4,373,559$23,375,139
100$34,350,946$7,344,361$4,467,152$25,551,755