Can I retire at age 72 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$199,841$198,061$196,325$194,629$192,974$191,277
2 years$98,931$97,089$95,303$93,572$91,892$90,183
3 years$65,299$63,449$61,667$59,952$58,300$56,630
4 years$48,486$46,641$44,878$43,192$41,580$39,963
5 years$38,401$36,567$34,827$33,176$31,609$30,049
6 years$31,680$29,860$28,146$26,531$25,011$23,511
7 years$26,881$25,076$23,389$21,813$20,341$18,901
8 years$23,283$21,495$19,836$18,298$16,874$15,495
9 years$20,487$18,715$17,085$15,586$14,211$12,891
10 years$18,251$16,497$14,895$13,435$12,108$10,847
11 years$16,423$14,686$13,113$11,693$10,413$9,210
12 years$14,900$13,181$11,638$10,256$9,024$7,878
13 years$13,613$11,912$10,397$9,055$7,869$6,778
14 years$12,510$10,828$9,342$8,038$6,898$5,862
15 years$11,556$9,891$8,435$7,168$6,074$5,090
16 years$10,722$9,075$7,647$6,418$5,368$4,435
17 years$9,986$8,358$6,959$5,767$4,760$3,876
18 years$9,333$7,723$6,352$5,197$4,232$3,396
19 years$8,749$7,158$5,815$4,696$3,772$2,983
20 years$8,225$6,651$5,337$4,253$3,369$2,624
21 years$7,751$6,195$4,909$3,860$3,015$2,313
22 years$7,320$5,783$4,524$3,510$2,703$2,041
23 years$6,928$5,409$4,177$3,196$2,426$1,803
24 years$6,569$5,068$3,863$2,915$2,181$1,595
25 years$6,239$4,756$3,578$2,662$1,962$1,413
26 years$5,935$4,470$3,319$2,434$1,767$1,252
27 years$5,654$4,207$3,082$2,228$1,594$1,110
28 years$5,394$3,964$2,865$2,041$1,438$985
29 years$5,152$3,739$2,666$1,872$1,298$875
30 years$4,926$3,531$2,483$1,718$1,173$777
31 years$4,716$3,338$2,315$1,578$1,061$691
32 years$4,519$3,159$2,160$1,450$959$614
33 years$4,334$2,991$2,017$1,334$868$547
34 years$4,160$2,835$1,884$1,227$786$486
35 years$3,997$2,689$1,762$1,129$712$433
36 years$3,844$2,552$1,648$1,040$645$385
37 years$3,698$2,424$1,543$958$585$343
38 years$3,561$2,304$1,445$883$530$306
39 years$3,432$2,191$1,353$815$481$272
40 years$3,309$2,084$1,269$751$436$243
41 years$3,192$1,984$1,190$693$396$216
42 years$3,081$1,890$1,116$640$359$193
43 years$2,976$1,800$1,047$591$326$172
44 years$2,875$1,716$983$545$296$153
45 years$2,780$1,636$923$504$268$136
46 years$2,689$1,561$867$465$244$122
47 years$2,602$1,490$814$430$221$108
48 years$2,518$1,422$765$397$201$97
49 years$2,439$1,358$719$367$183$86
50 years$2,363$1,297$676$339$166$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,420,000, adding $2,001 every year, while hoping to spend $28,175 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: 69/17/14 Blend
71$2,420,000$2,420,000$2,420,000$2,420,000
72$2,668,904$2,540,644$2,503,134$2,844,461
73$2,911,154$2,635,158$2,557,011$3,055,985
74$3,177,170$2,733,358$2,611,749$3,283,769
75$3,469,345$2,835,396$2,667,346$3,532,255
76$3,790,317$2,941,430$2,723,801$3,803,477
77$4,142,992$3,051,622$2,781,111$4,099,673
78$4,530,570$3,166,145$2,839,271$4,423,307
79$4,956,579$3,285,177$2,898,278$4,777,093
80$5,424,904$3,408,904$2,958,124$5,164,015
81$5,939,824$3,537,521$3,018,801$5,587,364
82$6,506,056$3,671,229$3,080,300$6,050,759
83$7,128,795$3,810,241$3,142,612$6,558,187
84$7,813,766$3,954,776$3,205,723$7,114,039
85$8,567,276$4,105,066$3,269,621$7,723,150
86$9,396,273$4,261,350$3,334,289$8,390,845
87$10,308,416$4,423,878$3,399,710$9,122,987
88$11,312,139$4,592,913$3,465,864$9,926,035
89$12,416,738$4,768,726$3,532,732$10,807,103
90$13,632,455$4,951,604$3,600,288$11,774,027
91$14,970,575$5,141,842$3,668,508$12,835,436
92$16,443,534$5,339,752$3,737,363$14,000,838
93$18,065,031$5,545,658$3,806,822$15,280,704
94$19,850,166$5,759,896$3,876,852$16,686,569
95$21,815,573$5,982,822$3,947,416$18,231,140
96$23,979,584$6,214,802$4,018,477$19,928,417
97$26,362,397$6,456,222$4,089,991$21,793,821
98$28,986,268$6,707,484$4,161,913$23,844,340
99$31,875,724$6,969,008$4,234,194$26,098,692
100$35,057,790$7,241,231$4,306,781$28,577,495