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%15.5%
1 years$195,712$193,969$192,268$190,608$188,987$184,719
2 years$96,887$95,083$93,334$91,639$89,994$85,716
3 years$63,950$62,138$60,393$58,714$57,096$52,943
4 years$47,484$45,678$43,951$42,300$40,721$36,725
5 years$37,608$35,812$34,108$32,490$30,956$27,127
6 years$31,025$29,243$27,564$25,983$24,494$20,837
7 years$26,326$24,558$22,906$21,362$19,920$16,436
8 years$22,802$21,051$19,426$17,920$16,526$13,212
9 years$20,064$18,329$16,732$15,264$13,917$10,772
10 years$17,874$16,156$14,587$13,158$11,858$8,878
11 years$16,083$14,383$12,842$11,451$10,198$7,380
12 years$14,592$12,909$11,397$10,044$8,838$6,176
13 years$13,332$11,666$10,183$8,867$7,707$5,196
14 years$12,252$10,604$9,149$7,872$6,756$4,392
15 years$11,317$9,687$8,260$7,020$5,948$3,726
16 years$10,500$8,888$7,489$6,286$5,257$3,171
17 years$9,780$8,185$6,815$5,648$4,661$2,705
18 years$9,140$7,564$6,221$5,090$4,145$2,313
19 years$8,569$7,010$5,695$4,599$3,694$1,981
20 years$8,055$6,514$5,227$4,165$3,300$1,699
21 years$7,591$6,067$4,808$3,780$2,953$1,460
22 years$7,169$5,664$4,431$3,437$2,647$1,255
23 years$6,785$5,297$4,091$3,130$2,376$1,080
24 years$6,433$4,963$3,784$2,855$2,136$931
25 years$6,110$4,658$3,504$2,607$1,922$802
26 years$5,813$4,377$3,250$2,384$1,731$692
27 years$5,537$4,120$3,018$2,182$1,561$597
28 years$5,282$3,882$2,806$1,999$1,408$516
29 years$5,045$3,662$2,611$1,833$1,272$445
30 years$4,824$3,458$2,432$1,683$1,149$385
31 years$4,618$3,269$2,267$1,545$1,039$333
32 years$4,425$3,094$2,115$1,420$940$287
33 years$4,244$2,930$1,975$1,306$850$249
34 years$4,074$2,777$1,845$1,202$770$215
35 years$3,915$2,634$1,725$1,106$697$186
36 years$3,764$2,500$1,614$1,019$632$161
37 years$3,622$2,374$1,511$939$573$139
38 years$3,488$2,256$1,415$865$519$120
39 years$3,361$2,145$1,325$798$471$104
40 years$3,240$2,041$1,242$736$427$90
41 years$3,126$1,943$1,165$679$387$78
42 years$3,017$1,851$1,093$626$352$68
43 years$2,914$1,763$1,025$578$319$58
44 years$2,816$1,681$963$534$290$51
45 years$2,722$1,603$904$493$263$44
46 years$2,633$1,529$849$456$239$38
47 years$2,548$1,459$797$421$217$33
48 years$2,466$1,393$749$389$197$28
49 years$2,388$1,330$704$359$179$25
50 years$2,314$1,271$662$332$162$21

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 $4,979 every year, while hoping to spend $27,553 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: 73/16/11 Blend
71$2,370,000$2,370,000$2,370,000$2,370,000
72$2,616,876$2,491,266$2,454,531$2,801,908
73$2,854,481$2,584,022$2,507,441$3,017,597
74$3,115,398$2,680,399$2,561,201$3,249,862
75$3,401,977$2,780,546$2,615,809$3,503,502
76$3,716,804$2,884,619$2,671,264$3,780,624
77$4,062,730$2,992,777$2,727,563$4,083,548
78$4,442,894$3,105,189$2,784,703$4,414,828
79$4,860,757$3,222,031$2,842,678$4,777,277
80$5,320,130$3,343,486$2,901,484$5,173,990
81$5,825,212$3,469,745$2,961,112$5,608,377
82$6,380,628$3,601,008$3,021,554$6,084,191
83$6,991,476$3,737,481$3,082,800$6,605,567
84$7,663,372$3,879,382$3,144,838$7,177,058
85$8,402,501$4,026,938$3,207,656$7,803,677
86$9,215,682$4,180,384$3,271,239$8,490,947
87$10,110,426$4,339,967$3,335,569$9,244,949
88$11,095,008$4,505,943$3,400,629$10,072,382
89$12,178,547$4,678,583$3,466,398$10,980,625
90$13,371,089$4,858,164$3,532,853$11,977,804
91$14,683,707$5,044,981$3,599,970$13,072,873
92$16,128,598$5,239,338$3,667,722$14,275,691
93$17,719,203$5,441,553$3,736,079$15,597,124
94$19,470,333$5,651,960$3,805,008$17,049,136
95$21,398,306$5,870,906$3,874,476$18,644,911
96$23,521,106$6,098,753$3,944,444$20,398,972
97$25,858,547$6,335,880$4,014,870$22,327,318
98$28,432,463$6,582,682$4,085,713$24,447,574
99$31,266,913$6,839,573$4,156,923$26,779,160
100$34,388,409$7,106,982$4,228,451$29,343,471