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%15.3%
1 years$194,061$192,332$190,646$189,000$187,392$183,309
2 years$96,070$94,280$92,546$90,865$89,234$85,141
3 years$63,410$61,613$59,884$58,218$56,614$52,639
4 years$47,084$45,292$43,580$41,943$40,378$36,551
5 years$37,290$35,510$33,820$32,216$30,694$27,027
6 years$30,764$28,996$27,331$25,764$24,287$20,783
7 years$26,103$24,351$22,713$21,182$19,752$16,411
8 years$22,610$20,873$19,262$17,769$16,386$13,208
9 years$19,894$18,174$16,590$15,135$13,800$10,781
10 years$17,723$16,020$14,464$13,047$11,758$8,897
11 years$15,948$14,261$12,734$11,354$10,112$7,405
12 years$14,469$12,800$11,301$9,959$8,763$6,205
13 years$13,219$11,568$10,097$8,793$7,642$5,228
14 years$12,149$10,515$9,072$7,805$6,699$4,425
15 years$11,222$9,605$8,191$6,961$5,898$3,759
16 years$10,411$8,813$7,426$6,233$5,213$3,203
17 years$9,697$8,116$6,757$5,600$4,622$2,737
18 years$9,063$7,500$6,169$5,047$4,110$2,343
19 years$8,496$6,951$5,647$4,560$3,663$2,010
20 years$7,987$6,459$5,183$4,130$3,272$1,727
21 years$7,527$6,016$4,767$3,748$2,928$1,486
22 years$7,109$5,616$4,394$3,408$2,624$1,279
23 years$6,728$5,252$4,057$3,104$2,356$1,103
24 years$6,379$4,921$3,752$2,831$2,117$952
25 years$6,059$4,618$3,475$2,585$1,905$822
26 years$5,763$4,340$3,223$2,364$1,716$710
27 years$5,491$4,085$2,993$2,164$1,547$614
28 years$5,238$3,849$2,782$1,982$1,396$531
29 years$5,003$3,631$2,589$1,818$1,261$459
30 years$4,784$3,429$2,411$1,668$1,139$397
31 years$4,579$3,242$2,248$1,532$1,030$344
32 years$4,388$3,067$2,098$1,408$932$298
33 years$4,209$2,905$1,958$1,295$843$258
34 years$4,040$2,753$1,830$1,191$763$223
35 years$3,882$2,611$1,711$1,097$691$194
36 years$3,732$2,479$1,600$1,010$626$168
37 years$3,591$2,354$1,498$931$568$145
38 years$3,458$2,237$1,403$858$515$126
39 years$3,332$2,127$1,314$791$467$109
40 years$3,213$2,024$1,232$730$423$95
41 years$3,100$1,927$1,155$673$384$82
42 years$2,992$1,835$1,084$621$349$71
43 years$2,890$1,748$1,017$573$316$62
44 years$2,792$1,666$954$529$287$53
45 years$2,699$1,589$896$489$261$46
46 years$2,611$1,516$842$452$237$40
47 years$2,526$1,447$791$417$215$35
48 years$2,446$1,381$743$386$195$30
49 years$2,368$1,319$698$356$177$26
50 years$2,294$1,260$657$329$161$23

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 $5,771 every year, while hoping to spend $32,201 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: 70/25/5 Blend
71$2,350,000$2,350,000$2,350,000$2,350,000
72$2,595,653$2,471,103$2,434,678$2,775,637
73$2,826,148$2,557,925$2,481,978$2,982,086
74$3,079,074$2,647,923$2,529,783$3,203,357
75$3,356,685$2,741,217$2,578,077$3,444,564
76$3,661,465$2,837,934$2,626,840$3,707,653
77$3,996,147$2,938,206$2,676,052$3,994,767
78$4,363,746$3,042,169$2,725,691$4,308,266
79$4,767,579$3,149,967$2,775,733$4,650,747
80$5,211,303$3,261,746$2,826,151$5,025,066
81$5,698,946$3,377,662$2,876,918$5,434,370
82$6,234,946$3,497,874$2,928,001$5,882,124
83$6,824,191$3,622,551$2,979,370$6,372,140
84$7,472,067$3,751,864$3,030,987$6,908,617
85$8,184,508$3,885,996$3,082,816$7,496,178
86$8,968,053$4,025,135$3,134,815$8,139,914
87$9,829,904$4,169,476$3,186,941$8,845,431
88$10,777,997$4,319,224$3,239,147$9,618,901
89$11,821,078$4,474,591$3,291,383$10,467,125
90$12,968,780$4,635,798$3,343,597$11,397,588
91$14,231,720$4,803,076$3,395,731$12,418,538
92$15,621,593$4,976,664$3,447,726$13,539,058
93$17,151,287$5,156,813$3,499,517$14,769,151
94$18,835,004$5,343,782$3,551,036$16,119,836
95$20,688,390$5,537,843$3,602,211$17,603,251
96$22,728,686$5,739,277$3,652,966$19,232,767
97$24,974,890$5,948,380$3,703,218$21,023,110
98$27,447,934$6,165,456$3,752,881$22,990,505
99$30,170,886$6,390,826$3,801,865$25,152,825
100$33,169,162$6,624,822$3,850,073$27,529,757