Can I retire at age 72 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$199,016$197,243$195,513$193,825$192,177$185,358
2 years$98,523$96,688$94,909$93,185$91,513$84,716
3 years$65,029$63,186$61,413$59,705$58,059$51,498
4 years$48,286$46,449$44,693$43,014$41,408$35,132
5 years$38,243$36,416$34,683$33,039$31,478$25,504
6 years$31,549$29,737$28,029$26,421$24,908$19,239
7 years$26,770$24,973$23,292$21,722$20,256$14,894
8 years$23,187$21,406$19,754$18,222$16,805$11,742
9 years$20,402$18,638$17,014$15,521$14,152$9,384
10 years$18,175$16,429$14,833$13,380$12,058$7,576
11 years$16,355$14,625$13,059$11,644$10,370$6,165
12 years$14,839$13,127$11,589$10,214$8,987$5,048
13 years$13,557$11,863$10,354$9,017$7,837$4,154
14 years$12,459$10,783$9,303$8,004$6,870$3,432
15 years$11,508$9,851$8,400$7,138$6,049$2,844
16 years$10,677$9,038$7,616$6,392$5,346$2,364
17 years$9,945$8,323$6,930$5,743$4,740$1,969
18 years$9,294$7,691$6,326$5,176$4,214$1,642
19 years$8,713$7,128$5,791$4,677$3,756$1,372
20 years$8,191$6,624$5,315$4,236$3,355$1,148
21 years$7,719$6,170$4,889$3,844$3,003$961
22 years$7,290$5,759$4,506$3,495$2,691$806
23 years$6,899$5,387$4,160$3,183$2,416$676
24 years$6,542$5,047$3,848$2,903$2,172$567
25 years$6,213$4,736$3,564$2,651$1,954$476
26 years$5,911$4,451$3,305$2,424$1,760$400
27 years$5,631$4,189$3,069$2,219$1,587$336
28 years$5,371$3,947$2,853$2,033$1,432$282
29 years$5,130$3,724$2,655$1,864$1,293$237
30 years$4,906$3,517$2,473$1,711$1,168$200
31 years$4,696$3,325$2,306$1,571$1,056$168
32 years$4,500$3,146$2,151$1,444$955$141
33 years$4,316$2,979$2,008$1,328$865$119
34 years$4,143$2,823$1,877$1,222$783$100
35 years$3,981$2,678$1,755$1,125$709$84
36 years$3,828$2,542$1,641$1,036$642$71
37 years$3,683$2,414$1,536$954$582$60
38 years$3,547$2,294$1,439$880$528$50
39 years$3,417$2,182$1,348$811$479$42
40 years$3,295$2,076$1,263$748$434$35
41 years$3,179$1,976$1,185$690$394$30
42 years$3,068$1,882$1,111$637$357$25
43 years$2,963$1,793$1,043$588$324$21
44 years$2,863$1,709$979$543$294$18
45 years$2,768$1,630$919$501$267$15
46 years$2,677$1,555$863$463$243$13
47 years$2,591$1,484$811$428$220$11
48 years$2,508$1,416$762$395$200$9
49 years$2,429$1,353$716$365$182$8
50 years$2,353$1,292$673$338$165$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,410,000, adding $4,499 every year, while hoping to spend $38,455 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: 26/46/28 Blend
71$2,410,000$2,410,000$2,410,000$2,410,000
72$2,660,461$2,532,731$2,495,376$2,706,260
73$2,890,912$2,615,919$2,538,055$2,827,443
74$3,143,580$2,701,894$2,580,875$2,953,791
75$3,420,691$2,790,753$2,623,800$3,088,566
76$3,724,696$2,882,594$2,666,792$3,232,508
77$4,058,295$2,977,521$2,709,810$3,386,428
78$4,424,463$3,075,641$2,752,809$3,551,217
79$4,826,474$3,177,063$2,795,744$3,727,854
80$5,267,937$3,281,903$2,838,565$3,917,414
81$5,752,829$3,390,278$2,881,219$4,121,077
82$6,285,528$3,502,312$2,923,651$4,340,142
83$6,870,858$3,618,132$2,965,799$4,576,035
84$7,514,135$3,737,869$3,007,603$4,830,325
85$8,221,213$3,861,661$3,048,993$5,104,735
86$8,998,543$3,989,649$3,089,901$5,401,162
87$9,853,231$4,121,979$3,130,250$5,721,690
88$10,793,109$4,258,803$3,169,961$6,068,615
89$11,826,801$4,400,280$3,208,950$6,444,460
90$12,963,813$4,546,572$3,247,128$6,852,000
91$14,214,617$4,697,849$3,284,402$7,294,291
92$15,590,751$4,854,286$3,320,672$7,774,696
93$17,104,926$5,016,065$3,355,833$8,296,913
94$18,771,151$5,183,375$3,389,776$8,865,016
95$20,604,859$5,356,411$3,422,384$9,483,487
96$22,623,055$5,535,375$3,453,535$10,157,261
97$24,844,477$5,720,479$3,483,099$10,891,772
98$27,289,771$5,911,940$3,510,940$11,693,000
99$29,981,686$6,109,984$3,536,915$12,567,532
100$32,945,290$6,314,845$3,560,873$13,522,620