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%14.1%
1 years$199,016$197,243$195,513$193,825$192,177$188,915
2 years$98,523$96,688$94,909$93,185$91,513$88,237
3 years$65,029$63,186$61,413$59,705$58,059$54,871
4 years$48,286$46,449$44,693$43,014$41,408$38,333
5 years$38,243$36,416$34,683$33,039$31,478$28,523
6 years$31,549$29,737$28,029$26,421$24,908$22,077
7 years$26,770$24,973$23,292$21,722$20,256$17,551
8 years$23,187$21,406$19,754$18,222$16,805$14,224
9 years$20,402$18,638$17,014$15,521$14,152$11,695
10 years$18,175$16,429$14,833$13,380$12,058$9,722
11 years$16,355$14,625$13,059$11,644$10,370$8,153
12 years$14,839$13,127$11,589$10,214$8,987$6,885
13 years$13,557$11,863$10,354$9,017$7,837$5,847
14 years$12,459$10,783$9,303$8,004$6,870$4,989
15 years$11,508$9,851$8,400$7,138$6,049$4,274
16 years$10,677$9,038$7,616$6,392$5,346$3,673
17 years$9,945$8,323$6,930$5,743$4,740$3,165
18 years$9,294$7,691$6,326$5,176$4,214$2,734
19 years$8,713$7,128$5,791$4,677$3,756$2,366
20 years$8,191$6,624$5,315$4,236$3,355$2,051
21 years$7,719$6,170$4,889$3,844$3,003$1,781
22 years$7,290$5,759$4,506$3,495$2,691$1,548
23 years$6,899$5,387$4,160$3,183$2,416$1,347
24 years$6,542$5,047$3,848$2,903$2,172$1,173
25 years$6,213$4,736$3,564$2,651$1,954$1,023
26 years$5,911$4,451$3,305$2,424$1,760$892
27 years$5,631$4,189$3,069$2,219$1,587$779
28 years$5,371$3,947$2,853$2,033$1,432$680
29 years$5,130$3,724$2,655$1,864$1,293$594
30 years$4,906$3,517$2,473$1,711$1,168$519
31 years$4,696$3,325$2,306$1,571$1,056$454
32 years$4,500$3,146$2,151$1,444$955$397
33 years$4,316$2,979$2,008$1,328$865$347
34 years$4,143$2,823$1,877$1,222$783$304
35 years$3,981$2,678$1,755$1,125$709$266
36 years$3,828$2,542$1,641$1,036$642$233
37 years$3,683$2,414$1,536$954$582$204
38 years$3,547$2,294$1,439$880$528$178
39 years$3,417$2,182$1,348$811$479$156
40 years$3,295$2,076$1,263$748$434$137
41 years$3,179$1,976$1,185$690$394$120
42 years$3,068$1,882$1,111$637$357$105
43 years$2,963$1,793$1,043$588$324$92
44 years$2,863$1,709$979$543$294$81
45 years$2,768$1,630$919$501$267$71
46 years$2,677$1,555$863$463$243$62
47 years$2,591$1,484$811$428$220$54
48 years$2,508$1,416$762$395$200$47
49 years$2,429$1,353$716$365$182$42
50 years$2,353$1,292$673$338$165$36

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 $4,387 every year, while hoping to spend $54,280 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: 46/29/25 Blend
71$2,410,000$2,410,000$2,410,000$2,410,000
72$2,660,345$2,532,615$2,495,260$2,763,427
73$2,873,947$2,598,960$2,521,098$2,902,894
74$3,107,517$2,666,736$2,545,982$3,048,469
75$3,363,034$2,735,957$2,569,823$3,205,344
76$3,642,679$2,806,634$2,592,527$3,374,603
77$3,948,850$2,878,777$2,613,995$3,557,440
78$4,284,192$2,952,396$2,634,123$3,755,170
79$4,651,614$3,027,498$2,652,801$3,969,244
80$5,054,322$3,104,089$2,669,913$4,201,258
81$5,495,846$3,182,172$2,685,338$4,452,971
82$5,980,073$3,261,750$2,698,948$4,726,323
83$6,511,287$3,342,822$2,710,609$5,023,449
84$7,094,204$3,425,386$2,720,180$5,346,703
85$7,734,020$3,509,437$2,727,513$5,698,680
86$8,436,457$3,594,966$2,732,452$6,082,238
87$9,207,820$3,681,964$2,734,834$6,500,528
88$10,055,054$3,770,417$2,734,487$6,957,022
89$10,985,809$3,860,307$2,731,231$7,455,545
90$12,008,513$3,951,613$2,724,879$8,000,317
91$13,132,450$4,044,311$2,715,231$8,595,985
92$14,367,850$4,138,372$2,702,081$9,247,671
93$15,725,981$4,233,762$2,685,211$9,961,023
94$17,219,258$4,330,444$2,664,393$10,742,263
95$18,861,361$4,428,374$2,639,388$11,598,250
96$20,667,358$4,527,503$2,609,947$12,536,546
97$22,653,855$4,627,777$2,575,806$13,565,482
98$24,839,145$4,729,135$2,536,692$14,694,244
99$27,243,384$4,831,509$2,492,318$15,932,953
100$29,888,781$4,934,825$2,442,383$17,292,768