Can I retire at age 72 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$202,319$200,517$198,758$197,042$195,366$194,054
2 years$100,158$98,292$96,485$94,732$93,032$91,708
3 years$66,109$64,235$62,432$60,696$59,023$57,729
4 years$49,087$47,220$45,434$43,728$42,096$40,842
5 years$38,877$37,021$35,259$33,587$32,001$30,790
6 years$32,073$30,230$28,495$26,860$25,321$24,155
7 years$27,214$25,387$23,679$22,083$20,593$19,472
8 years$23,572$21,762$20,082$18,525$17,084$16,009
9 years$20,741$18,947$17,296$15,779$14,387$13,358
10 years$18,477$16,701$15,079$13,602$12,258$11,274
11 years$16,626$14,868$13,276$11,838$10,543$9,602
12 years$15,085$13,345$11,782$10,383$9,136$8,239
13 years$13,782$12,060$10,526$9,167$7,967$7,112
14 years$12,666$10,962$9,458$8,137$6,984$6,170
15 years$11,699$10,014$8,539$7,257$6,149$5,376
16 years$10,854$9,188$7,742$6,498$5,434$4,700
17 years$10,110$8,462$7,045$5,838$4,819$4,122
18 years$9,449$7,819$6,431$5,261$4,284$3,625
19 years$8,858$7,246$5,887$4,754$3,819$3,194
20 years$8,327$6,734$5,403$4,306$3,411$2,821
21 years$7,847$6,272$4,970$3,908$3,052$2,495
22 years$7,411$5,855$4,580$3,553$2,736$2,210
23 years$7,014$5,476$4,229$3,236$2,456$1,961
24 years$6,650$5,131$3,911$2,951$2,208$1,741
25 years$6,316$4,815$3,623$2,695$1,987$1,548
26 years$6,009$4,525$3,360$2,464$1,789$1,377
27 years$5,724$4,259$3,120$2,256$1,613$1,226
28 years$5,461$4,013$2,900$2,067$1,456$1,092
29 years$5,215$3,786$2,699$1,895$1,314$974
30 years$4,987$3,575$2,514$1,739$1,188$869
31 years$4,774$3,380$2,344$1,597$1,074$775
32 years$4,575$3,198$2,187$1,468$971$692
33 years$4,388$3,029$2,042$1,350$879$618
34 years$4,212$2,870$1,908$1,242$796$552
35 years$4,047$2,722$1,784$1,143$721$494
36 years$3,891$2,584$1,669$1,053$653$441
37 years$3,744$2,454$1,562$970$592$395
38 years$3,605$2,332$1,462$894$537$353
39 years$3,474$2,218$1,370$825$487$316
40 years$3,350$2,110$1,284$761$441$283
41 years$3,231$2,009$1,204$702$400$253
42 years$3,119$1,913$1,130$648$363$226
43 years$3,013$1,823$1,060$598$330$203
44 years$2,911$1,737$995$552$299$181
45 years$2,814$1,657$934$510$272$162
46 years$2,722$1,580$877$471$247$145
47 years$2,634$1,508$824$435$224$130
48 years$2,550$1,440$775$402$203$117
49 years$2,469$1,375$728$372$185$104
50 years$2,392$1,313$685$343$168$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,450,000, adding $5,717 every year, while hoping to spend $21,776 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: 67/13/20 Blend
71$2,450,000$2,450,000$2,450,000$2,450,000
72$2,705,797$2,575,947$2,537,972$2,873,199
73$2,958,619$2,678,999$2,599,825$3,089,072
74$3,236,499$2,786,371$2,663,019$3,322,006
75$3,541,969$2,898,251$2,727,578$3,576,210
76$3,877,822$3,014,836$2,793,524$3,853,775
77$4,247,130$3,136,333$2,860,877$4,157,006
78$4,653,281$3,262,958$2,929,660$4,488,436
79$5,100,007$3,394,935$2,999,896$4,850,857
80$5,591,421$3,532,499$3,071,605$5,247,341
81$6,132,052$3,675,897$3,144,810$5,681,271
82$6,726,891$3,825,387$3,219,531$6,156,372
83$7,381,440$3,981,237$3,295,791$6,676,746
84$8,101,757$4,143,728$3,373,611$7,246,910
85$8,894,520$4,313,154$3,453,011$7,871,839
86$9,767,087$4,489,824$3,534,011$8,557,011
87$10,727,562$4,674,058$3,616,634$9,308,459
88$11,784,880$4,866,193$3,700,897$10,132,830
89$12,948,881$5,066,580$3,786,821$11,037,440
90$14,230,412$5,275,588$3,874,424$12,030,354
91$15,641,423$5,493,600$3,963,726$13,120,449
92$17,195,081$5,721,019$4,054,744$14,317,507
93$18,905,897$5,958,267$4,147,496$15,632,303
94$20,789,859$6,205,782$4,241,997$17,076,705
95$22,864,585$6,464,026$4,338,264$18,663,788
96$25,149,489$6,733,480$4,436,313$20,407,954
97$27,665,964$7,014,648$4,536,157$22,325,069
98$30,437,583$7,308,056$4,637,809$24,432,615
99$33,490,323$7,614,257$4,741,281$26,749,849
100$36,852,807$7,933,827$4,846,586$29,297,984