Can I retire at age 72 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$191,583$189,877$188,212$186,587$185,000$182,840
2 years$94,843$93,077$91,365$89,705$88,095$85,921
3 years$62,601$60,827$59,119$57,475$55,891$53,770
4 years$46,483$44,714$43,024$41,408$39,862$37,811
5 years$36,814$35,056$33,388$31,805$30,303$28,327
6 years$30,371$28,626$26,983$25,435$23,977$22,080
7 years$25,770$24,040$22,423$20,911$19,500$17,682
8 years$22,321$20,607$19,016$17,542$16,177$14,437
9 years$19,640$17,942$16,379$14,942$13,624$11,962
10 years$17,497$15,815$14,279$12,880$11,608$10,023
11 years$15,744$14,079$12,571$11,209$9,983$8,474
12 years$14,284$12,637$11,157$9,832$8,651$7,216
13 years$13,050$11,420$9,968$8,680$7,544$6,181
14 years$11,994$10,380$8,956$7,705$6,613$5,320
15 years$11,078$9,483$8,086$6,872$5,823$4,598
16 years$10,278$8,700$7,331$6,153$5,146$3,987
17 years$9,573$8,013$6,671$5,528$4,563$3,468
18 years$8,947$7,404$6,090$4,982$4,057$3,023
19 years$8,388$6,862$5,575$4,502$3,616$2,642
20 years$7,885$6,376$5,116$4,077$3,230$2,312
21 years$7,431$5,939$4,706$3,700$2,891$2,027
22 years$7,018$5,544$4,337$3,365$2,591$1,780
23 years$6,642$5,185$4,005$3,064$2,326$1,564
24 years$6,298$4,858$3,704$2,795$2,090$1,376
25 years$5,981$4,559$3,430$2,552$1,881$1,212
26 years$5,690$4,285$3,182$2,334$1,694$1,068
27 years$5,420$4,033$2,954$2,136$1,528$942
28 years$5,171$3,800$2,746$1,957$1,378$831
29 years$4,939$3,585$2,556$1,795$1,245$734
30 years$4,723$3,386$2,381$1,647$1,125$648
31 years$4,521$3,200$2,219$1,513$1,017$573
32 years$4,332$3,028$2,071$1,390$920$507
33 years$4,155$2,868$1,933$1,278$832$448
34 years$3,989$2,718$1,807$1,176$754$396
35 years$3,832$2,578$1,689$1,083$683$351
36 years$3,685$2,447$1,580$997$618$310
37 years$3,546$2,324$1,479$919$561$275
38 years$3,414$2,209$1,385$847$508$243
39 years$3,290$2,100$1,297$781$461$215
40 years$3,172$1,998$1,216$720$418$191
41 years$3,060$1,902$1,140$665$379$169
42 years$2,954$1,811$1,070$613$344$150
43 years$2,853$1,726$1,004$566$312$133
44 years$2,756$1,645$942$523$283$117
45 years$2,665$1,569$885$483$257$104
46 years$2,577$1,497$831$446$234$92
47 years$2,494$1,428$781$412$212$82
48 years$2,414$1,363$734$381$193$72
49 years$2,338$1,302$690$352$175$64
50 years$2,265$1,244$648$325$159$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,320,000, adding $6,147 every year, while hoping to spend $45,787 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: 38/33/29 Blend
71$2,320,000$2,320,000$2,320,000$2,320,000
72$2,562,981$2,440,021$2,404,061$2,638,059
73$2,775,688$2,510,865$2,435,880$2,764,752
74$3,008,556$2,583,645$2,467,230$2,896,958
75$3,263,594$2,658,409$2,498,048$3,038,978
76$3,543,014$2,735,204$2,528,265$3,191,733
77$3,849,250$2,814,078$2,557,810$3,356,240
78$4,184,984$2,895,079$2,586,608$3,533,616
79$4,553,172$2,978,257$2,614,579$3,725,091
80$4,957,066$3,063,662$2,641,638$3,932,020
81$5,400,251$3,151,346$2,667,697$4,155,895
82$5,886,674$3,241,359$2,692,662$4,398,359
83$6,420,683$3,333,754$2,716,435$4,661,222
84$7,007,069$3,428,584$2,738,912$4,946,476
85$7,651,108$3,525,902$2,759,983$5,256,317
86$8,358,612$3,625,763$2,779,533$5,593,163
87$9,135,985$3,728,220$2,797,442$5,959,680
88$9,990,280$3,833,328$2,813,582$6,358,800
89$10,929,271$3,941,143$2,827,819$6,793,759
90$11,961,518$4,051,720$2,840,012$7,268,119
91$13,096,454$4,165,116$2,850,014$7,785,805
92$14,344,472$4,281,386$2,857,668$8,351,142
93$15,717,021$4,400,587$2,862,813$8,968,895
94$17,226,717$4,522,775$2,865,277$9,644,316
95$18,887,458$4,648,007$2,864,880$10,383,191
96$20,714,559$4,776,340$2,861,434$11,191,896
97$22,724,893$4,907,829$2,854,741$12,077,457
98$24,937,050$5,042,531$2,844,592$13,047,617
99$27,371,515$5,180,501$2,830,772$14,110,908
100$30,050,858$5,321,794$2,813,052$15,276,732