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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$195,712$193,969$192,268$190,608$188,987$186,394
2 years$96,887$95,083$93,334$91,639$89,994$87,386
3 years$63,950$62,138$60,393$58,714$57,096$54,554
4 years$47,484$45,678$43,951$42,300$40,721$38,265
5 years$37,608$35,812$34,108$32,490$30,956$28,593
6 years$31,025$29,243$27,564$25,983$24,494$22,227
7 years$26,326$24,558$22,906$21,362$19,920$17,750
8 years$22,802$21,051$19,426$17,920$16,526$14,451
9 years$20,064$18,329$16,732$15,264$13,917$11,938
10 years$17,874$16,156$14,587$13,158$11,858$9,973
11 years$16,083$14,383$12,842$11,451$10,198$8,405
12 years$14,592$12,909$11,397$10,044$8,838$7,135
13 years$13,332$11,666$10,183$8,867$7,707$6,091
14 years$12,252$10,604$9,149$7,872$6,756$5,226
15 years$11,317$9,687$8,260$7,020$5,948$4,501
16 years$10,500$8,888$7,489$6,286$5,257$3,890
17 years$9,780$8,185$6,815$5,648$4,661$3,371
18 years$9,140$7,564$6,221$5,090$4,145$2,928
19 years$8,569$7,010$5,695$4,599$3,694$2,549
20 years$8,055$6,514$5,227$4,165$3,300$2,223
21 years$7,591$6,067$4,808$3,780$2,953$1,942
22 years$7,169$5,664$4,431$3,437$2,647$1,698
23 years$6,785$5,297$4,091$3,130$2,376$1,487
24 years$6,433$4,963$3,784$2,855$2,136$1,303
25 years$6,110$4,658$3,504$2,607$1,922$1,143
26 years$5,813$4,377$3,250$2,384$1,731$1,004
27 years$5,537$4,120$3,018$2,182$1,561$882
28 years$5,282$3,882$2,806$1,999$1,408$775
29 years$5,045$3,662$2,611$1,833$1,272$681
30 years$4,824$3,458$2,432$1,683$1,149$599
31 years$4,618$3,269$2,267$1,545$1,039$528
32 years$4,425$3,094$2,115$1,420$940$465
33 years$4,244$2,930$1,975$1,306$850$409
34 years$4,074$2,777$1,845$1,202$770$360
35 years$3,915$2,634$1,725$1,106$697$318
36 years$3,764$2,500$1,614$1,019$632$280
37 years$3,622$2,374$1,511$939$573$247
38 years$3,488$2,256$1,415$865$519$217
39 years$3,361$2,145$1,325$798$471$192
40 years$3,240$2,041$1,242$736$427$169
41 years$3,126$1,943$1,165$679$387$149
42 years$3,017$1,851$1,093$626$352$131
43 years$2,914$1,763$1,025$578$319$116
44 years$2,816$1,681$963$534$290$102
45 years$2,722$1,603$904$493$263$90
46 years$2,633$1,529$849$456$239$80
47 years$2,548$1,459$797$421$217$70
48 years$2,466$1,393$749$389$197$62
49 years$2,388$1,330$704$359$179$55
50 years$2,314$1,271$662$332$162$48

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 $6,690 every year, while hoping to spend $47,775 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: 60/35/5 Blend
71$2,370,000$2,370,000$2,370,000$2,370,000
72$2,618,641$2,493,031$2,456,296$2,773,138
73$2,834,910$2,564,357$2,487,749$2,948,568
74$3,071,637$2,637,577$2,518,656$3,133,700
75$3,330,859$2,712,733$2,548,945$3,334,389
76$3,614,818$2,789,868$2,578,546$3,552,129
77$3,925,983$2,869,026$2,607,382$3,788,565
78$4,267,075$2,950,249$2,635,370$4,045,507
79$4,641,088$3,033,583$2,662,426$4,324,948
80$5,051,321$3,119,071$2,688,460$4,629,081
81$5,501,409$3,206,759$2,713,377$4,960,320
82$5,995,354$3,296,691$2,737,076$5,321,324
83$6,537,565$3,388,913$2,759,452$5,715,019
84$7,132,897$3,483,471$2,780,395$6,144,626
85$7,786,701$3,580,410$2,799,787$6,613,695
86$8,504,870$3,679,775$2,817,505$7,126,132
87$9,293,896$3,781,613$2,833,421$7,686,240
88$10,160,931$3,885,970$2,847,398$8,298,758
89$11,113,853$3,992,890$2,859,293$8,968,905
90$12,161,344$4,102,419$2,868,957$9,702,429
91$13,312,966$4,214,602$2,876,232$10,505,663
92$14,579,255$4,329,484$2,880,952$11,385,580
93$15,971,819$4,447,109$2,882,944$12,349,863
94$17,503,447$4,567,520$2,882,025$13,406,975
95$19,188,230$4,690,760$2,878,004$14,566,239
96$21,041,693$4,816,870$2,870,681$15,837,925
97$23,080,942$4,945,893$2,859,845$17,233,349
98$25,324,823$5,077,867$2,845,275$18,764,974
99$27,794,103$5,212,831$2,826,740$20,446,534
100$30,511,664$5,350,821$2,803,998$22,293,161