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%13.5%
1 years$194,887$193,151$191,457$189,804$188,190$185,454
2 years$96,479$94,682$92,940$91,252$89,614$86,864
3 years$63,680$61,876$60,139$58,466$56,855$54,175
4 years$47,284$45,485$43,765$42,121$40,549$37,961
5 years$37,449$35,661$33,964$32,353$30,825$28,336
6 years$30,895$29,120$27,448$25,873$24,391$22,003
7 years$26,215$24,455$22,809$21,272$19,836$17,551
8 years$22,706$20,962$19,344$17,844$16,456$14,274
9 years$19,979$18,251$16,661$15,199$13,858$11,777
10 years$17,798$16,088$14,525$13,102$11,808$9,827
11 years$16,015$14,322$12,788$11,403$10,155$8,272
12 years$14,531$12,855$11,349$10,002$8,800$7,012
13 years$13,275$11,617$10,140$8,830$7,674$5,979
14 years$12,200$10,559$9,110$7,838$6,727$5,122
15 years$11,269$9,646$8,226$6,990$5,923$4,406
16 years$10,456$8,850$7,458$6,259$5,235$3,802
17 years$9,738$8,151$6,786$5,624$4,642$3,291
18 years$9,102$7,532$6,195$5,068$4,127$2,855
19 years$8,532$6,980$5,671$4,580$3,679$2,481
20 years$8,021$6,486$5,205$4,148$3,286$2,161
21 years$7,559$6,042$4,787$3,764$2,940$1,884
22 years$7,139$5,640$4,412$3,423$2,636$1,646
23 years$6,756$5,275$4,074$3,117$2,366$1,439
24 years$6,406$4,942$3,768$2,843$2,127$1,259
25 years$6,084$4,638$3,490$2,596$1,914$1,103
26 years$5,788$4,359$3,236$2,374$1,724$966
27 years$5,514$4,102$3,005$2,173$1,554$847
28 years$5,260$3,866$2,794$1,991$1,402$744
29 years$5,024$3,647$2,600$1,826$1,266$653
30 years$4,804$3,444$2,422$1,675$1,144$573
31 years$4,599$3,256$2,258$1,539$1,034$504
32 years$4,407$3,080$2,106$1,414$936$443
33 years$4,226$2,917$1,967$1,300$847$389
34 years$4,057$2,765$1,838$1,197$767$342
35 years$3,898$2,622$1,718$1,101$694$301
36 years$3,748$2,489$1,607$1,014$629$265
37 years$3,607$2,364$1,504$935$570$233
38 years$3,473$2,247$1,409$862$517$205
39 years$3,346$2,136$1,320$794$469$181
40 years$3,226$2,033$1,237$733$425$159
41 years$3,113$1,935$1,160$676$386$140
42 years$3,005$1,843$1,088$624$350$123
43 years$2,902$1,756$1,021$576$318$109
44 years$2,804$1,674$958$532$288$96
45 years$2,711$1,596$900$491$262$84
46 years$2,622$1,522$845$454$238$74
47 years$2,537$1,453$794$419$216$65
48 years$2,456$1,387$746$387$196$58
49 years$2,378$1,324$701$358$178$51
50 years$2,304$1,265$659$331$162$45

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 $3,228 every year, while hoping to spend $37,177 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: 34/49/17 Blend
71$2,360,000$2,360,000$2,360,000$2,360,000
72$2,604,050$2,478,970$2,442,390$2,678,802
73$2,830,107$2,560,883$2,484,654$2,815,792
74$3,077,976$2,645,564$2,527,088$2,959,726
75$3,349,842$2,733,110$2,569,658$3,114,150
76$3,648,113$2,823,619$2,612,328$3,280,011
77$3,975,439$2,917,196$2,655,061$3,458,349
78$4,334,743$3,013,947$2,697,814$3,650,307
79$4,729,241$3,113,984$2,740,544$3,857,139
80$5,162,476$3,217,423$2,783,206$4,080,224
81$5,638,354$3,324,381$2,825,748$4,321,077
82$6,161,174$3,434,984$2,868,118$4,581,365
83$6,735,674$3,549,359$2,910,261$4,862,919
84$7,367,074$3,667,639$2,952,116$5,167,753
85$8,061,125$3,789,962$2,993,621$5,498,080
86$8,824,161$3,916,472$3,034,709$5,856,337
87$9,663,162$4,047,315$3,075,308$6,245,202
88$10,585,817$4,182,646$3,115,344$6,667,622
89$11,600,599$4,322,625$3,154,737$7,126,840
90$12,716,843$4,467,416$3,193,403$7,626,423
91$13,944,832$4,617,190$3,231,253$8,170,298
92$15,295,898$4,772,126$3,268,193$8,762,784
93$16,782,528$4,932,408$3,304,125$9,408,639
94$18,418,476$5,098,227$3,338,944$10,113,095
95$20,218,901$5,269,781$3,372,540$10,881,915
96$22,200,505$5,447,275$3,404,795$11,721,442
97$24,381,689$5,630,925$3,435,589$12,638,660
98$26,782,731$5,820,950$3,464,791$13,641,256
99$29,425,974$6,017,580$3,492,265$14,737,698
100$32,336,037$6,221,055$3,517,870$15,937,307