Can I retire at age 72 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$194,061$192,332$190,646$189,000$187,392$185,900
2 years$96,070$94,280$92,546$90,865$89,234$87,730
3 years$63,410$61,613$59,884$58,218$56,614$55,144
4 years$47,084$45,292$43,580$41,943$40,378$38,954
5 years$37,290$35,510$33,820$32,216$30,694$29,321
6 years$30,764$28,996$27,331$25,764$24,287$22,966
7 years$26,103$24,351$22,713$21,182$19,752$18,483
8 years$22,610$20,873$19,262$17,769$16,386$15,169
9 years$19,894$18,174$16,590$15,135$13,800$12,635
10 years$17,723$16,020$14,464$13,047$11,758$10,645
11 years$15,948$14,261$12,734$11,354$10,112$9,050
12 years$14,469$12,800$11,301$9,959$8,763$7,750
13 years$13,219$11,568$10,097$8,793$7,642$6,677
14 years$12,149$10,515$9,072$7,805$6,699$5,781
15 years$11,222$9,605$8,191$6,961$5,898$5,027
16 years$10,411$8,813$7,426$6,233$5,213$4,386
17 years$9,697$8,116$6,757$5,600$4,622$3,839
18 years$9,063$7,500$6,169$5,047$4,110$3,369
19 years$8,496$6,951$5,647$4,560$3,663$2,962
20 years$7,987$6,459$5,183$4,130$3,272$2,610
21 years$7,527$6,016$4,767$3,748$2,928$2,304
22 years$7,109$5,616$4,394$3,408$2,624$2,036
23 years$6,728$5,252$4,057$3,104$2,356$1,802
24 years$6,379$4,921$3,752$2,831$2,117$1,596
25 years$6,059$4,618$3,475$2,585$1,905$1,416
26 years$5,763$4,340$3,223$2,364$1,716$1,257
27 years$5,491$4,085$2,993$2,164$1,547$1,116
28 years$5,238$3,849$2,782$1,982$1,396$992
29 years$5,003$3,631$2,589$1,818$1,261$883
30 years$4,784$3,429$2,411$1,668$1,139$785
31 years$4,579$3,242$2,248$1,532$1,030$699
32 years$4,388$3,067$2,098$1,408$932$623
33 years$4,209$2,905$1,958$1,295$843$555
34 years$4,040$2,753$1,830$1,191$763$495
35 years$3,882$2,611$1,711$1,097$691$441
36 years$3,732$2,479$1,600$1,010$626$393
37 years$3,591$2,354$1,498$931$568$351
38 years$3,458$2,237$1,403$858$515$313
39 years$3,332$2,127$1,314$791$467$279
40 years$3,213$2,024$1,232$730$423$249
41 years$3,100$1,927$1,155$673$384$222
42 years$2,992$1,835$1,084$621$349$199
43 years$2,890$1,748$1,017$573$316$177
44 years$2,792$1,666$954$529$287$158
45 years$2,699$1,589$896$489$261$141
46 years$2,611$1,516$842$452$237$126
47 years$2,526$1,447$791$417$215$113
48 years$2,446$1,381$743$386$195$101
49 years$2,368$1,319$698$356$177$90
50 years$2,294$1,260$657$329$161$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,350,000, adding $6,938 every year, while hoping to spend $33,155 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: 48/39/13 Blend
71$2,350,000$2,350,000$2,350,000$2,350,000
72$2,596,857$2,472,307$2,435,882$2,711,833
73$2,826,459$2,558,173$2,482,207$2,877,710
74$3,078,370$2,647,135$2,528,973$3,053,720
75$3,354,830$2,739,311$2,576,159$3,244,089
76$3,658,306$2,834,821$2,623,744$3,450,168
77$3,991,517$2,933,791$2,671,704$3,673,445
78$4,357,458$3,036,353$2,720,012$3,915,554
79$4,759,427$3,142,643$2,768,641$4,178,291
80$5,201,059$3,252,802$2,817,560$4,463,634
81$5,686,356$3,366,979$2,866,738$4,773,754
82$6,219,730$3,485,326$2,916,139$5,111,045
83$6,806,038$3,608,003$2,965,725$5,478,136
84$7,450,635$3,735,176$3,015,458$5,877,921
85$8,159,418$3,867,017$3,065,294$6,313,585
86$8,938,884$4,003,707$3,115,187$6,788,633
87$9,796,193$4,145,431$3,165,088$7,306,921
88$10,739,231$4,292,384$3,214,946$7,872,694
89$11,776,691$4,444,769$3,264,704$8,490,624
90$12,918,146$4,602,795$3,314,304$9,165,854
91$14,174,147$4,766,682$3,363,684$9,904,047
92$15,556,317$4,936,658$3,412,775$10,711,435
93$17,077,467$5,112,959$3,461,508$11,594,881
94$18,751,707$5,295,832$3,509,807$12,561,941
95$20,594,588$5,485,535$3,557,592$13,620,936
96$22,623,245$5,682,335$3,604,780$14,781,026
97$24,856,557$5,886,510$3,651,282$16,052,301
98$27,315,327$6,098,351$3,697,001$17,445,870
99$30,022,480$6,318,159$3,741,840$18,973,970
100$33,003,273$6,546,249$3,785,692$20,650,077