Can I retire at age 72 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$195,712$193,969$192,268$190,608$188,987$185,780
2 years$96,887$95,083$93,334$91,639$89,994$86,772
3 years$63,950$62,138$60,393$58,714$57,096$53,961
4 years$47,484$45,678$43,951$42,300$40,721$37,696
5 years$37,608$35,812$34,108$32,490$30,956$28,050
6 years$31,025$29,243$27,564$25,983$24,494$21,711
7 years$26,326$24,558$22,906$21,362$19,920$17,260
8 years$22,802$21,051$19,426$17,920$16,526$13,988
9 years$20,064$18,329$16,732$15,264$13,917$11,501
10 years$17,874$16,156$14,587$13,158$11,858$9,561
11 years$16,083$14,383$12,842$11,451$10,198$8,018
12 years$14,592$12,909$11,397$10,044$8,838$6,771
13 years$13,332$11,666$10,183$8,867$7,707$5,750
14 years$12,252$10,604$9,149$7,872$6,756$4,907
15 years$11,317$9,687$8,260$7,020$5,948$4,203
16 years$10,500$8,888$7,489$6,286$5,257$3,612
17 years$9,780$8,185$6,815$5,648$4,661$3,113
18 years$9,140$7,564$6,221$5,090$4,145$2,688
19 years$8,569$7,010$5,695$4,599$3,694$2,327
20 years$8,055$6,514$5,227$4,165$3,300$2,017
21 years$7,591$6,067$4,808$3,780$2,953$1,751
22 years$7,169$5,664$4,431$3,437$2,647$1,522
23 years$6,785$5,297$4,091$3,130$2,376$1,325
24 years$6,433$4,963$3,784$2,855$2,136$1,154
25 years$6,110$4,658$3,504$2,607$1,922$1,006
26 years$5,813$4,377$3,250$2,384$1,731$877
27 years$5,537$4,120$3,018$2,182$1,561$766
28 years$5,282$3,882$2,806$1,999$1,408$669
29 years$5,045$3,662$2,611$1,833$1,272$584
30 years$4,824$3,458$2,432$1,683$1,149$511
31 years$4,618$3,269$2,267$1,545$1,039$446
32 years$4,425$3,094$2,115$1,420$940$390
33 years$4,244$2,930$1,975$1,306$850$342
34 years$4,074$2,777$1,845$1,202$770$299
35 years$3,915$2,634$1,725$1,106$697$262
36 years$3,764$2,500$1,614$1,019$632$229
37 years$3,622$2,374$1,511$939$573$200
38 years$3,488$2,256$1,415$865$519$175
39 years$3,361$2,145$1,325$798$471$154
40 years$3,240$2,041$1,242$736$427$135
41 years$3,126$1,943$1,165$679$387$118
42 years$3,017$1,851$1,093$626$352$103
43 years$2,914$1,763$1,025$578$319$90
44 years$2,816$1,681$963$534$290$79
45 years$2,722$1,603$904$493$263$69
46 years$2,633$1,529$849$456$239$61
47 years$2,548$1,459$797$421$217$53
48 years$2,466$1,393$749$389$197$47
49 years$2,388$1,330$704$359$179$41
50 years$2,314$1,271$662$332$162$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,370,000, adding $5,939 every year, while hoping to spend $34,658 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: 57/15/28 Blend
71$2,370,000$2,370,000$2,370,000$2,370,000
72$2,617,866$2,492,256$2,455,521$2,746,663
73$2,848,013$2,577,501$2,500,905$2,920,993
74$3,100,472$2,665,761$2,546,648$3,106,785
75$3,377,485$2,757,148$2,592,725$3,308,591
76$3,681,517$2,851,776$2,639,110$3,527,971
77$4,015,285$2,949,767$2,685,774$3,766,642
78$4,381,783$3,051,244$2,732,686$4,026,495
79$4,784,307$3,156,337$2,779,813$4,309,612
80$5,226,489$3,265,181$2,827,120$4,618,285
81$5,712,331$3,377,914$2,874,568$4,955,039
82$6,246,240$3,494,683$2,922,117$5,322,654
83$6,833,072$3,615,638$2,969,723$5,724,190
84$7,478,177$3,740,936$3,017,341$6,163,020
85$8,187,448$3,870,740$3,064,919$6,642,857
86$8,967,380$4,005,218$3,112,406$7,167,791
87$9,825,127$4,144,548$3,159,746$7,742,329
88$10,768,571$4,288,911$3,206,878$8,371,433
89$11,806,396$4,438,499$3,253,740$9,060,570
90$12,948,172$4,593,509$3,300,263$9,815,761
91$14,204,440$4,754,146$3,346,377$10,643,642
92$15,586,819$4,920,624$3,392,006$11,551,520
93$17,108,105$5,093,166$3,437,069$12,547,448
94$18,782,403$5,272,002$3,481,482$13,640,295
95$20,625,252$5,457,374$3,525,155$14,839,835
96$22,653,773$5,649,530$3,567,993$16,156,834
97$24,886,832$5,848,732$3,609,896$17,603,156
98$27,345,218$6,055,249$3,650,757$19,191,870
99$30,051,838$6,269,364$3,690,464$20,937,376
100$33,031,931$6,491,368$3,728,900$22,855,541