Can I retire at age 72 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$203,145$201,335$199,570$197,846$196,164$193,632
2 years$100,567$98,694$96,878$95,118$93,411$90,865
3 years$66,378$64,497$62,687$60,943$59,264$56,781
4 years$49,288$47,412$45,620$43,906$42,268$39,868
5 years$39,036$37,172$35,403$33,724$32,131$29,821
6 years$32,204$30,354$28,611$26,970$25,424$23,207
7 years$27,325$25,491$23,776$22,173$20,677$18,553
8 years$23,668$21,850$20,164$18,600$17,153$15,123
9 years$20,825$19,025$17,367$15,843$14,446$12,507
10 years$18,552$16,769$15,141$13,657$12,308$10,461
11 years$16,694$14,929$13,330$11,886$10,586$8,828
12 years$15,146$13,399$11,830$10,426$9,173$7,503
13 years$13,838$12,109$10,569$9,204$7,999$6,414
14 years$12,717$11,007$9,496$8,170$7,012$5,510
15 years$11,747$10,055$8,574$7,287$6,174$4,752
16 years$10,899$9,225$7,774$6,524$5,457$4,112
17 years$10,151$8,496$7,074$5,862$4,838$3,569
18 years$9,487$7,851$6,457$5,283$4,302$3,105
19 years$8,894$7,276$5,911$4,774$3,834$2,707
20 years$8,361$6,761$5,425$4,323$3,425$2,364
21 years$7,879$6,298$4,990$3,924$3,065$2,068
22 years$7,441$5,879$4,599$3,568$2,747$1,811
23 years$7,043$5,498$4,247$3,249$2,466$1,589
24 years$6,678$5,152$3,927$2,963$2,217$1,394
25 years$6,342$4,834$3,637$2,706$1,995$1,225
26 years$6,033$4,544$3,374$2,474$1,797$1,077
27 years$5,748$4,276$3,133$2,265$1,620$948
28 years$5,483$4,029$2,912$2,075$1,462$834
29 years$5,237$3,801$2,710$1,903$1,320$735
30 years$5,007$3,590$2,524$1,746$1,193$648
31 years$4,793$3,394$2,353$1,604$1,078$571
32 years$4,593$3,211$2,196$1,474$975$503
33 years$4,405$3,041$2,050$1,356$883$444
34 years$4,229$2,882$1,916$1,247$799$392
35 years$4,063$2,734$1,791$1,148$724$346
36 years$3,907$2,595$1,675$1,057$656$305
37 years$3,760$2,464$1,568$974$594$270
38 years$3,620$2,342$1,468$898$539$238
39 years$3,488$2,227$1,376$828$489$210
40 years$3,363$2,119$1,290$764$443$186
41 years$3,245$2,017$1,209$705$402$164
42 years$3,132$1,921$1,134$650$365$145
43 years$3,025$1,830$1,064$600$331$128
44 years$2,923$1,744$999$554$301$113
45 years$2,826$1,664$938$512$273$100
46 years$2,733$1,587$881$473$248$88
47 years$2,645$1,514$828$437$225$78
48 years$2,560$1,446$778$404$204$69
49 years$2,479$1,381$731$373$186$61
50 years$2,402$1,319$687$345$169$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,460,000, adding $3,223 every year, while hoping to spend $26,146 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: 63/9/28 Blend
71$2,460,000$2,460,000$2,460,000$2,460,000
72$2,714,245$2,583,865$2,545,735$2,864,759
73$2,963,278$2,682,655$2,603,197$3,066,040
74$3,236,837$2,785,409$2,661,709$3,282,662
75$3,537,395$2,892,295$2,721,277$3,518,727
76$3,867,678$3,003,486$2,781,908$3,776,145
77$4,230,688$3,119,163$2,843,609$4,057,019
78$4,629,732$3,239,517$2,906,384$4,363,666
79$5,068,456$3,364,744$2,970,239$4,698,635
80$5,550,874$3,495,052$3,035,178$5,064,735
81$6,081,410$3,630,657$3,101,203$5,465,059
82$6,664,938$3,771,783$3,168,317$5,903,012
83$7,306,827$3,918,665$3,236,521$6,382,344
84$8,012,994$4,071,550$3,305,815$6,907,187
85$8,789,957$4,230,694$3,376,198$7,482,090
86$9,644,899$4,396,365$3,447,667$8,112,064
87$10,585,734$4,568,841$3,520,218$8,802,628
88$11,621,181$4,748,417$3,593,848$9,559,864
89$12,760,848$4,935,396$3,668,549$10,390,468
90$14,015,322$5,130,098$3,744,312$11,301,818
91$15,396,267$5,332,856$3,821,130$12,302,041
92$16,916,538$5,544,017$3,898,989$13,400,090
93$18,590,297$5,763,945$3,977,877$14,605,829
94$20,433,149$5,993,021$4,057,778$15,930,124
95$22,462,292$6,231,640$4,138,675$17,384,945
96$24,696,673$6,480,219$4,220,548$18,983,483
97$27,157,173$6,739,189$4,303,376$20,740,268
98$29,866,800$7,009,004$4,387,134$22,671,308
99$32,850,905$7,290,137$4,471,795$24,794,243
100$36,137,427$7,583,083$4,557,329$27,128,505