Can I retire at age 72 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$190,758$189,058$187,401$185,783$184,203$179,313
2 years$94,434$92,676$90,971$89,319$87,716$82,824
3 years$62,331$60,565$58,864$57,227$55,650$50,909
4 years$46,282$44,521$42,838$41,229$39,690$35,136
5 years$36,656$34,905$33,244$31,668$30,172$25,817
6 years$30,240$28,503$26,866$25,325$23,874$19,723
7 years$25,659$23,937$22,326$20,821$19,416$15,469
8 years$22,225$20,518$18,934$17,466$16,107$12,363
9 years$19,556$17,865$16,308$14,877$13,565$10,019
10 years$17,421$15,747$14,218$12,824$11,558$8,206
11 years$15,676$14,019$12,517$11,161$9,940$6,778
12 years$14,223$12,582$11,109$9,790$8,614$5,635
13 years$12,994$11,371$9,925$8,643$7,512$4,710
14 years$11,942$10,336$8,917$7,672$6,585$3,954
15 years$11,031$9,442$8,051$6,842$5,798$3,331
16 years$10,234$8,663$7,300$6,127$5,124$2,814
17 years$9,532$7,978$6,642$5,505$4,543$2,383
18 years$8,909$7,372$6,064$4,961$4,040$2,023
19 years$8,352$6,832$5,551$4,482$3,601$1,720
20 years$7,851$6,349$5,094$4,060$3,216$1,464
21 years$7,398$5,914$4,686$3,684$2,878$1,248
22 years$6,988$5,520$4,319$3,350$2,580$1,065
23 years$6,613$5,163$3,988$3,051$2,316$909
24 years$6,270$4,837$3,688$2,783$2,081$777
25 years$5,956$4,540$3,416$2,541$1,873$665
26 years$5,665$4,267$3,168$2,324$1,687$569
27 years$5,397$4,015$2,942$2,127$1,521$487
28 years$5,148$3,784$2,735$1,949$1,372$417
29 years$4,917$3,569$2,545$1,787$1,239$357
30 years$4,702$3,371$2,370$1,640$1,120$306
31 years$4,501$3,187$2,210$1,506$1,012$262
32 years$4,313$3,015$2,062$1,384$916$225
33 years$4,137$2,855$1,925$1,273$829$193
34 years$3,971$2,706$1,799$1,171$750$165
35 years$3,816$2,567$1,682$1,078$680$142
36 years$3,669$2,436$1,573$993$616$122
37 years$3,530$2,314$1,472$915$558$104
38 years$3,399$2,199$1,379$843$506$90
39 years$3,276$2,091$1,292$778$459$77
40 years$3,158$1,990$1,211$717$416$66
41 years$3,047$1,894$1,135$662$378$57
42 years$2,941$1,804$1,065$611$343$49
43 years$2,840$1,719$999$564$311$42
44 years$2,745$1,638$938$520$282$36
45 years$2,653$1,562$881$481$256$31
46 years$2,566$1,490$827$444$233$26
47 years$2,483$1,422$777$410$211$23
48 years$2,404$1,358$730$379$192$19
49 years$2,328$1,296$687$350$174$17
50 years$2,255$1,238$645$324$158$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,310,000, adding $5,719 every year, while hoping to spend $28,055 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: 56/27/17 Blend
71$2,310,000$2,310,000$2,310,000$2,310,000
72$2,551,519$2,429,089$2,393,284$2,682,624
73$2,781,924$2,518,264$2,443,609$2,861,629
74$3,034,889$2,610,869$2,494,679$3,053,011
75$3,312,688$2,707,041$2,546,490$3,260,862
76$3,617,821$2,806,925$2,599,037$3,486,764
77$3,953,046$2,910,671$2,652,312$3,732,461
78$4,321,399$3,018,437$2,706,307$3,999,869
79$4,726,226$3,130,385$2,761,013$4,291,098
80$5,171,213$3,246,685$2,816,419$4,608,469
81$5,660,421$3,367,517$2,872,512$4,954,536
82$6,198,322$3,493,064$2,929,280$5,332,110
83$6,789,847$3,623,519$2,986,707$5,744,285
84$7,440,425$3,759,085$3,044,775$6,194,465
85$8,156,039$3,899,971$3,103,466$6,686,400
86$8,943,282$4,046,397$3,162,758$7,224,217
87$9,809,416$4,198,589$3,222,630$7,812,457
88$10,762,444$4,356,788$3,283,056$8,456,124
89$11,811,184$4,521,241$3,344,009$9,160,723
90$12,965,351$4,692,208$3,405,460$9,932,320
91$14,235,650$4,869,960$3,467,376$10,777,590
92$15,633,876$5,054,778$3,529,723$11,703,889
93$17,173,026$5,246,957$3,592,463$12,719,312
94$18,867,421$5,446,804$3,655,557$13,832,778
95$20,732,841$5,654,640$3,718,961$15,054,108
96$22,786,673$5,870,800$3,782,629$16,394,120
97$25,048,078$6,095,633$3,846,511$17,864,727
98$27,538,166$6,329,504$3,910,553$19,479,052
99$30,280,202$6,572,792$3,974,700$21,251,549
100$33,299,819$6,825,896$4,038,889$23,198,140