Can I retire at age 72 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$196,538$194,788$193,080$191,412$189,785$185,423
2 years$97,296$95,484$93,728$92,025$90,374$86,003
3 years$64,220$62,400$60,648$58,961$57,337$53,094
4 years$47,685$45,871$44,136$42,478$40,893$36,811
5 years$37,766$35,963$34,252$32,627$31,086$27,176
6 years$31,156$29,367$27,680$26,092$24,597$20,864
7 years$26,437$24,662$23,003$21,452$20,004$16,447
8 years$22,899$21,140$19,508$17,996$16,596$13,214
9 years$20,148$18,406$16,802$15,328$13,976$10,767
10 years$17,949$16,224$14,649$13,213$11,908$8,868
11 years$16,151$14,443$12,896$11,499$10,241$7,367
12 years$14,654$12,964$11,445$10,086$8,875$6,161
13 years$13,388$11,715$10,226$8,905$7,739$5,181
14 years$12,304$10,649$9,188$7,905$6,784$4,376
15 years$11,365$9,728$8,295$7,050$5,973$3,710
16 years$10,544$8,925$7,521$6,312$5,279$3,154
17 years$9,821$8,220$6,844$5,671$4,681$2,689
18 years$9,179$7,595$6,247$5,111$4,162$2,297
19 years$8,605$7,039$5,719$4,618$3,710$1,966
20 years$8,089$6,541$5,249$4,183$3,314$1,685
21 years$7,623$6,093$4,828$3,796$2,965$1,447
22 years$7,199$5,688$4,450$3,452$2,658$1,243
23 years$6,814$5,319$4,108$3,143$2,386$1,069
24 years$6,460$4,984$3,800$2,867$2,145$920
25 years$6,136$4,677$3,519$2,618$1,930$793
26 years$5,837$4,396$3,264$2,394$1,738$683
27 years$5,561$4,137$3,031$2,191$1,567$589
28 years$5,305$3,898$2,818$2,008$1,414$508
29 years$5,066$3,678$2,622$1,841$1,277$439
30 years$4,845$3,473$2,442$1,690$1,154$379
31 years$4,638$3,283$2,277$1,552$1,043$327
32 years$4,444$3,107$2,124$1,426$944$282
33 years$4,262$2,942$1,983$1,311$854$244
34 years$4,092$2,788$1,853$1,207$773$211
35 years$3,931$2,645$1,733$1,111$700$182
36 years$3,780$2,510$1,621$1,023$634$157
37 years$3,637$2,384$1,517$943$575$136
38 years$3,502$2,266$1,421$869$521$118
39 years$3,375$2,155$1,331$801$473$102
40 years$3,254$2,050$1,248$739$429$88
41 years$3,139$1,951$1,170$682$389$76
42 years$3,030$1,858$1,097$629$353$66
43 years$2,926$1,771$1,030$581$320$57
44 years$2,828$1,688$967$536$291$49
45 years$2,734$1,609$908$495$264$43
46 years$2,644$1,535$852$457$240$37
47 years$2,559$1,465$801$423$218$32
48 years$2,477$1,399$753$391$198$28
49 years$2,399$1,336$707$361$180$24
50 years$2,324$1,276$665$334$163$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,380,000, adding $3,169 every year, while hoping to spend $25,214 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: 49/36/15 Blend
71$2,380,000$2,380,000$2,380,000$2,380,000
72$2,626,029$2,499,889$2,462,999$2,743,650
73$2,867,056$2,595,556$2,518,682$2,920,746
74$3,131,823$2,695,066$2,575,385$3,110,146
75$3,422,725$2,798,580$2,633,116$3,315,331
76$3,742,400$2,906,267$2,691,882$3,537,791
77$4,093,754$3,018,303$2,751,689$3,779,164
78$4,479,989$3,134,872$2,812,543$4,041,248
79$4,904,633$3,256,166$2,874,449$4,326,022
80$5,371,574$3,382,386$2,937,411$4,635,660
81$5,885,092$3,513,741$3,001,432$4,972,556
82$6,449,906$3,650,449$3,066,515$5,339,339
83$7,071,214$3,792,739$3,132,661$5,738,902
84$7,754,743$3,940,848$3,199,870$6,174,429
85$8,506,804$4,095,026$3,268,142$6,649,421
86$9,334,348$4,255,533$3,337,475$7,167,730
87$10,245,038$4,422,640$3,407,867$7,733,594
88$11,247,313$4,596,630$3,479,311$8,351,679
89$12,350,474$4,777,801$3,551,804$9,027,117
90$13,564,770$4,966,461$3,625,337$9,765,558
91$14,901,492$5,162,933$3,699,902$10,573,221
92$16,373,084$5,367,556$3,775,487$11,456,949
93$17,993,254$5,580,681$3,852,082$12,424,278
94$19,777,110$5,802,679$3,929,671$13,483,503
95$21,741,298$6,033,934$4,008,238$14,643,754
96$23,904,162$6,274,848$4,087,765$15,915,086
97$26,285,914$6,525,842$4,168,232$17,308,569
98$28,908,825$6,787,357$4,249,616$18,836,393
99$31,797,438$7,059,850$4,331,891$20,511,979
100$34,978,797$7,343,803$4,415,030$22,350,107