Can I retire at age 72 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$197,364$195,606$193,891$192,217$190,582$188,357
2 years$97,705$95,885$94,122$92,412$90,753$88,513
3 years$64,490$62,662$60,903$59,209$57,578$55,393
4 years$47,885$46,063$44,322$42,657$41,065$38,952
5 years$37,925$36,114$34,396$32,765$31,217$29,182
6 years$31,287$29,490$27,797$26,202$24,701$22,746
7 years$26,548$24,766$23,099$21,542$20,088$18,215
8 years$22,995$21,229$19,590$18,071$16,665$14,873
9 years$20,233$18,483$16,873$15,393$14,035$12,323
10 years$18,025$16,292$14,710$13,269$11,958$10,325
11 years$16,219$14,504$12,951$11,548$10,284$8,730
12 years$14,715$13,018$11,493$10,129$8,912$7,434
13 years$13,444$11,764$10,268$8,942$7,772$6,367
14 years$12,355$10,694$9,226$7,938$6,813$5,480
15 years$11,413$9,769$8,330$7,079$5,998$4,736
16 years$10,589$8,963$7,552$6,339$5,301$4,107
17 years$9,862$8,254$6,872$5,695$4,701$3,572
18 years$9,217$7,627$6,274$5,133$4,180$3,115
19 years$8,641$7,069$5,743$4,638$3,725$2,721
20 years$8,123$6,569$5,271$4,200$3,327$2,382
21 years$7,655$6,119$4,848$3,812$2,978$2,088
22 years$7,230$5,711$4,468$3,466$2,669$1,833
23 years$6,842$5,342$4,126$3,157$2,396$1,611
24 years$6,488$5,005$3,816$2,879$2,154$1,418
25 years$6,162$4,697$3,534$2,629$1,938$1,249
26 years$5,862$4,414$3,278$2,404$1,746$1,100
27 years$5,584$4,154$3,044$2,201$1,574$970
28 years$5,327$3,915$2,829$2,016$1,420$856
29 years$5,088$3,693$2,633$1,849$1,282$756
30 years$4,865$3,488$2,453$1,697$1,159$668
31 years$4,657$3,297$2,286$1,558$1,047$590
32 years$4,463$3,120$2,133$1,432$948$522
33 years$4,280$2,954$1,992$1,317$858$462
34 years$4,109$2,800$1,861$1,212$776$408
35 years$3,948$2,656$1,740$1,115$703$361
36 years$3,796$2,521$1,628$1,027$637$320
37 years$3,653$2,394$1,523$947$577$283
38 years$3,517$2,275$1,427$872$524$251
39 years$3,389$2,164$1,337$804$475$222
40 years$3,268$2,058$1,253$742$431$196
41 years$3,152$1,959$1,175$685$391$174
42 years$3,043$1,866$1,102$632$354$154
43 years$2,939$1,778$1,034$583$322$137
44 years$2,840$1,695$971$538$292$121
45 years$2,745$1,616$911$497$265$107
46 years$2,655$1,542$856$459$241$95
47 years$2,569$1,471$804$424$219$84
48 years$2,487$1,405$756$392$198$75
49 years$2,409$1,341$710$362$180$66
50 years$2,333$1,281$668$335$164$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,390,000, adding $6,636 every year, while hoping to spend $28,806 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: 79/5/16 Blend
71$2,390,000$2,390,000$2,390,000$2,390,000
72$2,640,625$2,513,955$2,476,910$2,839,709
73$2,879,319$2,606,489$2,529,237$3,064,332
74$3,141,395$2,702,593$2,582,352$3,306,399
75$3,429,207$2,802,409$2,636,250$3,571,198
76$3,745,348$2,906,089$2,690,926$3,860,994
77$4,092,676$3,013,790$2,746,375$4,178,283
78$4,474,338$3,125,675$2,802,588$4,525,811
79$4,893,803$3,241,915$2,859,557$4,906,605
80$5,354,890$3,362,688$2,917,271$5,323,999
81$5,861,809$3,488,180$2,975,719$5,781,665
82$6,419,195$3,618,583$3,034,888$6,283,648
83$7,032,159$3,754,100$3,094,763$6,834,404
84$7,706,329$3,894,940$3,155,327$7,438,841
85$8,447,906$4,041,324$3,216,562$8,102,367
86$9,263,724$4,193,479$3,278,448$8,830,939
87$10,161,309$4,351,646$3,340,962$9,631,120
88$11,148,958$4,516,072$3,404,079$10,510,140
89$12,235,810$4,687,017$3,467,774$11,475,966
90$13,431,935$4,864,754$3,532,017$12,537,375
91$14,748,429$5,049,563$3,596,776$13,704,034
92$16,197,518$5,241,741$3,662,018$14,986,600
93$17,792,674$5,441,596$3,727,704$16,396,809
94$19,548,741$5,649,447$3,793,796$17,947,595
95$21,482,074$5,865,632$3,860,250$19,653,208
96$23,610,698$6,090,500$3,927,021$21,529,349
97$25,954,471$6,324,417$3,994,058$23,593,319
98$28,535,276$6,567,762$4,061,308$25,864,180
99$31,377,228$6,820,936$4,128,715$28,362,937
100$34,506,895$7,084,352$4,196,217$31,112,733