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%16.2%
1 years$197,364$195,606$193,891$192,217$190,582$185,749
2 years$97,705$95,885$94,122$92,412$90,753$85,915
3 years$64,490$62,662$60,903$59,209$57,578$52,886
4 years$47,885$46,063$44,322$42,657$41,065$36,556
5 years$37,925$36,114$34,396$32,765$31,217$26,903
6 years$31,287$29,490$27,797$26,202$24,701$20,586
7 years$26,548$24,766$23,099$21,542$20,088$16,174
8 years$22,995$21,229$19,590$18,071$16,665$12,949
9 years$20,233$18,483$16,873$15,393$14,035$10,513
10 years$18,025$16,292$14,710$13,269$11,958$8,627
11 years$16,219$14,504$12,951$11,548$10,284$7,139
12 years$14,715$13,018$11,493$10,129$8,912$5,947
13 years$13,444$11,764$10,268$8,942$7,772$4,981
14 years$12,355$10,694$9,226$7,938$6,813$4,190
15 years$11,413$9,769$8,330$7,079$5,998$3,537
16 years$10,589$8,963$7,552$6,339$5,301$2,995
17 years$9,862$8,254$6,872$5,695$4,701$2,542
18 years$9,217$7,627$6,274$5,133$4,180$2,162
19 years$8,641$7,069$5,743$4,638$3,725$1,842
20 years$8,123$6,569$5,271$4,200$3,327$1,572
21 years$7,655$6,119$4,848$3,812$2,978$1,343
22 years$7,230$5,711$4,468$3,466$2,669$1,149
23 years$6,842$5,342$4,126$3,157$2,396$983
24 years$6,488$5,005$3,816$2,879$2,154$842
25 years$6,162$4,697$3,534$2,629$1,938$722
26 years$5,862$4,414$3,278$2,404$1,746$619
27 years$5,584$4,154$3,044$2,201$1,574$531
28 years$5,327$3,915$2,829$2,016$1,420$456
29 years$5,088$3,693$2,633$1,849$1,282$392
30 years$4,865$3,488$2,453$1,697$1,159$337
31 years$4,657$3,297$2,286$1,558$1,047$289
32 years$4,463$3,120$2,133$1,432$948$249
33 years$4,280$2,954$1,992$1,317$858$214
34 years$4,109$2,800$1,861$1,212$776$184
35 years$3,948$2,656$1,740$1,115$703$158
36 years$3,796$2,521$1,628$1,027$637$136
37 years$3,653$2,394$1,523$947$577$117
38 years$3,517$2,275$1,427$872$524$100
39 years$3,389$2,164$1,337$804$475$86
40 years$3,268$2,058$1,253$742$431$74
41 years$3,152$1,959$1,175$685$391$64
42 years$3,043$1,866$1,102$632$354$55
43 years$2,939$1,778$1,034$583$322$47
44 years$2,840$1,695$971$538$292$41
45 years$2,745$1,616$911$497$265$35
46 years$2,655$1,542$856$459$241$30
47 years$2,569$1,471$804$424$219$26
48 years$2,487$1,405$756$392$198$22
49 years$2,409$1,341$710$362$180$19
50 years$2,333$1,281$668$335$164$17

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 $2,561 every year, while hoping to spend $57,384 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: 62/8/30 Blend
71$2,390,000$2,390,000$2,390,000$2,390,000
72$2,636,422$2,509,752$2,472,707$2,778,386
73$2,844,281$2,571,673$2,494,486$2,937,271
74$3,071,418$2,634,706$2,515,072$3,104,281
75$3,319,739$2,698,843$2,534,364$3,285,461
76$3,591,343$2,764,077$2,552,255$3,482,211
77$3,888,540$2,830,396$2,568,636$3,696,075
78$4,213,873$2,897,788$2,583,387$3,928,753
79$4,570,144$2,966,236$2,596,387$4,182,120
80$4,960,439$3,035,722$2,607,506$4,458,242
81$5,388,154$3,106,222$2,616,607$4,759,397
82$5,857,031$3,177,712$2,623,549$5,088,095
83$6,371,191$3,250,163$2,628,181$5,447,102
84$6,935,173$3,323,541$2,630,345$5,839,468
85$7,553,975$3,397,810$2,629,877$6,268,555
86$8,233,105$3,472,927$2,626,602$6,738,068
87$8,978,628$3,548,847$2,620,340$7,252,091
88$9,797,226$3,625,518$2,610,898$7,815,125
89$10,696,257$3,702,883$2,598,078$8,432,134
90$11,683,831$3,780,880$2,581,670$9,108,586
91$12,768,880$3,859,440$2,561,453$9,850,510
92$13,961,241$3,938,489$2,537,198$10,664,553
93$15,271,757$4,017,944$2,508,663$11,558,038
94$16,712,369$4,097,716$2,475,596$12,539,040
95$18,296,235$4,177,708$2,437,733$13,616,459
96$20,037,850$4,257,815$2,394,796$14,800,103
97$21,953,185$4,337,922$2,346,495$16,100,787
98$24,059,835$4,417,906$2,292,528$17,530,427
99$26,377,188$4,497,633$2,232,577$19,102,160
100$28,926,602$4,576,958$2,166,310$20,830,466