Can I retire at age 72 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$203,970$202,153$200,381$198,651$196,961$190,049
2 years$100,975$99,095$97,272$95,505$93,791$86,899
3 years$66,648$64,760$62,942$61,191$59,505$52,850
4 years$49,488$47,605$45,805$44,085$42,439$36,073
5 years$39,195$37,323$35,547$33,861$32,262$26,201
6 years$32,335$30,477$28,727$27,079$25,528$19,776
7 years$27,436$25,595$23,872$22,263$20,761$15,318
8 years$23,765$21,939$20,246$18,676$17,223$12,084
9 years$20,910$19,102$17,438$15,908$14,504$9,663
10 years$18,628$16,838$15,202$13,713$12,358$7,806
11 years$16,762$14,989$13,384$11,934$10,629$6,356
12 years$15,208$13,454$11,878$10,468$9,211$5,208
13 years$13,894$12,158$10,612$9,242$8,032$4,289
14 years$12,769$11,052$9,535$8,204$7,041$3,546
15 years$11,795$10,096$8,609$7,316$6,199$2,941
16 years$10,943$9,263$7,805$6,551$5,479$2,446
17 years$10,192$8,531$7,102$5,886$4,858$2,038
18 years$9,526$7,883$6,484$5,304$4,319$1,702
19 years$8,930$7,306$5,935$4,793$3,850$1,423
20 years$8,395$6,789$5,447$4,341$3,439$1,191
21 years$7,911$6,323$5,010$3,940$3,077$998
22 years$7,472$5,903$4,618$3,582$2,758$837
23 years$7,071$5,521$4,264$3,262$2,476$703
24 years$6,705$5,172$3,943$2,975$2,226$590
25 years$6,368$4,854$3,652$2,717$2,003$496
26 years$6,058$4,562$3,387$2,485$1,804$417
27 years$5,771$4,293$3,145$2,274$1,626$351
28 years$5,505$4,046$2,924$2,084$1,468$295
29 years$5,258$3,817$2,721$1,911$1,325$248
30 years$5,028$3,604$2,535$1,754$1,197$209
31 years$4,813$3,407$2,363$1,611$1,083$176
32 years$4,612$3,224$2,205$1,480$979$148
33 years$4,423$3,053$2,058$1,361$886$125
34 years$4,246$2,894$1,923$1,252$802$105
35 years$4,080$2,745$1,798$1,153$727$88
36 years$3,923$2,605$1,682$1,062$658$74
37 years$3,775$2,474$1,574$978$597$63
38 years$3,635$2,351$1,474$902$541$53
39 years$3,502$2,236$1,381$831$491$44
40 years$3,377$2,127$1,295$767$445$37
41 years$3,258$2,025$1,214$707$404$32
42 years$3,145$1,929$1,139$653$366$27
43 years$3,037$1,838$1,069$603$332$22
44 years$2,935$1,752$1,003$557$302$19
45 years$2,837$1,670$942$514$274$16
46 years$2,744$1,593$885$475$249$13
47 years$2,655$1,521$831$439$226$11
48 years$2,570$1,452$781$405$205$9
49 years$2,489$1,386$734$375$186$8
50 years$2,412$1,324$690$346$169$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,470,000, adding $5,594 every year, while hoping to spend $31,288 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: 54/41/5 Blend
71$2,470,000$2,470,000$2,470,000$2,470,000
72$2,727,710$2,596,800$2,558,515$2,871,831
73$2,972,646$2,690,753$2,610,935$3,063,707
74$3,241,518$2,788,261$2,664,063$3,268,470
75$3,536,732$2,889,466$2,717,888$3,490,537
76$3,860,942$2,994,513$2,772,401$3,731,551
77$4,217,071$3,103,557$2,827,590$3,993,315
78$4,608,338$3,216,757$2,883,440$4,277,814
79$5,038,290$3,334,279$2,939,936$4,587,228
80$5,510,834$3,456,297$2,997,062$4,923,957
81$6,030,274$3,582,991$3,054,799$5,290,639
82$6,601,353$3,714,549$3,113,126$5,690,176
83$7,229,296$3,851,167$3,172,020$6,125,760
84$7,919,859$3,993,049$3,231,458$6,600,904
85$8,679,385$4,140,408$3,291,412$7,119,472
86$9,514,860$4,293,467$3,351,853$7,685,716
87$10,433,985$4,452,456$3,412,749$8,304,316
88$11,445,242$4,617,616$3,474,066$8,980,421
89$12,557,977$4,789,200$3,535,768$9,719,701
90$13,782,489$4,967,469$3,597,815$10,528,394
91$15,130,125$5,152,697$3,660,163$11,413,368
92$16,613,386$5,345,168$3,722,767$12,382,183
93$18,246,050$5,545,179$3,785,579$13,443,162
94$20,043,296$5,753,042$3,848,544$14,605,470
95$22,021,849$5,969,078$3,911,608$15,879,197
96$24,200,141$6,193,626$3,974,709$17,275,450
97$26,598,478$6,427,036$4,037,784$18,806,464
98$29,239,238$6,669,676$4,100,765$20,485,708
99$32,147,078$6,921,928$4,163,579$22,328,018
100$35,349,170$7,184,192$4,226,149$24,349,730