Can I retire at age 72 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$194,887$193,151$191,457$189,804$188,190$185,838
2 years$96,479$94,682$92,940$91,252$89,614$87,248
3 years$63,680$61,876$60,139$58,466$56,855$54,548
4 years$47,284$45,485$43,765$42,121$40,549$38,319
5 years$37,449$35,661$33,964$32,353$30,825$28,678
6 years$30,895$29,120$27,448$25,873$24,391$22,329
7 years$26,215$24,455$22,809$21,272$19,836$17,861
8 years$22,706$20,962$19,344$17,844$16,456$14,567
9 years$19,979$18,251$16,661$15,199$13,858$12,055
10 years$17,798$16,088$14,525$13,102$11,808$10,089
11 years$16,015$14,322$12,788$11,403$10,155$8,519
12 years$14,531$12,855$11,349$10,002$8,800$7,245
13 years$13,275$11,617$10,140$8,830$7,674$6,198
14 years$12,200$10,559$9,110$7,838$6,727$5,328
15 years$11,269$9,646$8,226$6,990$5,923$4,598
16 years$10,456$8,850$7,458$6,259$5,235$3,982
17 years$9,738$8,151$6,786$5,624$4,642$3,458
18 years$9,102$7,532$6,195$5,068$4,127$3,011
19 years$8,532$6,980$5,671$4,580$3,679$2,627
20 years$8,021$6,486$5,205$4,148$3,286$2,296
21 years$7,559$6,042$4,787$3,764$2,940$2,010
22 years$7,139$5,640$4,412$3,423$2,636$1,762
23 years$6,756$5,275$4,074$3,117$2,366$1,546
24 years$6,406$4,942$3,768$2,843$2,127$1,358
25 years$6,084$4,638$3,490$2,596$1,914$1,194
26 years$5,788$4,359$3,236$2,374$1,724$1,051
27 years$5,514$4,102$3,005$2,173$1,554$925
28 years$5,260$3,866$2,794$1,991$1,402$815
29 years$5,024$3,647$2,600$1,826$1,266$719
30 years$4,804$3,444$2,422$1,675$1,144$634
31 years$4,599$3,256$2,258$1,539$1,034$559
32 years$4,407$3,080$2,106$1,414$936$494
33 years$4,226$2,917$1,967$1,300$847$436
34 years$4,057$2,765$1,838$1,197$767$385
35 years$3,898$2,622$1,718$1,101$694$340
36 years$3,748$2,489$1,607$1,014$629$300
37 years$3,607$2,364$1,504$935$570$265
38 years$3,473$2,247$1,409$862$517$235
39 years$3,346$2,136$1,320$794$469$207
40 years$3,226$2,033$1,237$733$425$183
41 years$3,113$1,935$1,160$676$386$162
42 years$3,005$1,843$1,088$624$350$143
43 years$2,902$1,756$1,021$576$318$127
44 years$2,804$1,674$958$532$288$112
45 years$2,711$1,596$900$491$262$99
46 years$2,622$1,522$845$454$238$88
47 years$2,537$1,453$794$419$216$78
48 years$2,456$1,387$746$387$196$69
49 years$2,378$1,324$701$358$178$61
50 years$2,304$1,265$659$331$162$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,360,000, adding $5,546 every year, while hoping to spend $33,816 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: 58/29/13 Blend
71$2,360,000$2,360,000$2,360,000$2,360,000
72$2,606,441$2,481,361$2,444,781$2,748,811
73$2,836,318$2,566,967$2,490,701$2,931,193
74$3,088,509$2,655,635$2,537,026$3,125,669
75$3,365,254$2,747,479$2,583,734$3,336,860
76$3,669,022$2,842,617$2,630,801$3,566,375
77$4,002,530$2,941,173$2,678,200$3,815,987
78$4,368,773$3,043,276$2,725,905$4,087,644
79$4,771,049$3,149,058$2,773,884$4,383,492
80$5,212,992$3,258,657$2,822,105$4,705,891
81$5,698,605$3,372,220$2,870,534$5,057,438
82$6,232,298$3,489,894$2,919,132$5,440,993
83$6,818,930$3,611,836$2,967,860$5,859,704
84$7,463,852$3,738,207$3,016,675$6,317,035
85$8,172,963$3,869,177$3,065,531$6,816,800
86$8,952,758$4,004,920$3,114,379$7,363,199
87$9,810,396$4,145,618$3,163,168$7,960,856
88$10,753,764$4,291,460$3,211,842$8,614,861
89$11,791,550$4,442,644$3,260,341$9,330,821
90$12,933,330$4,599,375$3,308,603$10,114,908
91$14,189,650$4,761,865$3,356,562$10,973,922
92$15,572,134$4,930,337$3,404,147$11,915,349
93$17,093,589$5,105,020$3,451,283$12,947,434
94$18,768,125$5,286,156$3,497,891$14,079,259
95$20,611,289$5,473,993$3,543,886$15,320,827
96$22,640,214$5,668,792$3,589,180$16,683,154
97$24,873,777$5,870,824$3,633,678$18,178,376
98$27,332,777$6,080,369$3,677,281$19,819,860
99$30,040,134$6,297,721$3,719,883$21,622,330
100$33,021,103$6,523,184$3,761,375$23,602,006