Can I retire at age 72 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$204,796$202,972$201,192$199,455$197,759$191,659
2 years$101,384$99,496$97,666$95,892$94,171$88,078
3 years$66,918$65,022$63,196$61,439$59,746$53,852
4 years$49,688$47,798$45,991$44,263$42,611$36,962
5 years$39,353$37,474$35,691$33,998$32,392$27,002
6 years$32,465$30,600$28,843$27,189$25,631$20,504
7 years$27,548$25,698$23,969$22,353$20,845$15,982
8 years$23,861$22,028$20,328$18,752$17,293$12,690
9 years$20,995$19,179$17,508$15,972$14,563$10,216
10 years$18,703$16,906$15,264$13,768$12,408$8,310
11 years$16,830$15,050$13,438$11,983$10,672$6,815
12 years$15,270$13,508$11,926$10,510$9,248$5,625
13 years$13,950$12,207$10,655$9,279$8,064$4,667
14 years$12,821$11,096$9,574$8,237$7,069$3,888
15 years$11,842$10,137$8,644$7,346$6,224$3,250
16 years$10,987$9,300$7,837$6,577$5,501$2,724
17 years$10,234$8,565$7,131$5,910$4,878$2,289
18 years$9,564$7,915$6,510$5,326$4,337$1,927
19 years$8,966$7,335$5,959$4,812$3,866$1,625
20 years$8,429$6,816$5,469$4,359$3,453$1,372
21 years$7,943$6,349$5,031$3,956$3,090$1,159
22 years$7,502$5,927$4,637$3,597$2,770$981
23 years$7,100$5,543$4,281$3,275$2,486$830
24 years$6,732$5,193$3,959$2,987$2,235$703
25 years$6,394$4,874$3,667$2,728$2,011$596
26 years$6,082$4,581$3,401$2,495$1,811$506
27 years$5,794$4,311$3,158$2,283$1,633$429
28 years$5,527$4,062$2,936$2,092$1,474$364
29 years$5,279$3,832$2,732$1,918$1,331$309
30 years$5,048$3,619$2,545$1,761$1,202$263
31 years$4,832$3,421$2,373$1,617$1,087$223
32 years$4,631$3,237$2,214$1,486$983$189
33 years$4,441$3,066$2,067$1,367$890$161
34 years$4,264$2,905$1,931$1,257$806$137
35 years$4,096$2,756$1,805$1,157$730$116
36 years$3,939$2,616$1,689$1,066$661$99
37 years$3,790$2,484$1,581$982$599$84
38 years$3,650$2,361$1,480$905$543$71
39 years$3,517$2,245$1,387$835$493$61
40 years$3,391$2,136$1,300$770$447$52
41 years$3,271$2,033$1,219$710$405$44
42 years$3,157$1,936$1,143$656$368$37
43 years$3,049$1,845$1,073$605$334$32
44 years$2,947$1,759$1,007$559$303$27
45 years$2,849$1,677$946$516$275$23
46 years$2,755$1,600$888$477$250$19
47 years$2,666$1,527$834$440$227$17
48 years$2,581$1,457$784$407$206$14
49 years$2,499$1,392$737$376$187$12
50 years$2,421$1,330$693$348$170$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,480,000, adding $3,406 every year, while hoping to spend $57,650 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: 61/29/10 Blend
71$2,480,000$2,480,000$2,480,000$2,480,000
72$2,736,473$2,605,033$2,566,593$2,896,966
73$2,954,254$2,671,341$2,591,235$3,071,255
74$3,192,317$2,738,965$2,614,770$3,254,444
75$3,452,669$2,807,910$2,637,100$3,452,899
76$3,737,521$2,878,177$2,658,123$3,668,095
77$4,049,307$2,949,767$2,677,729$3,901,657
78$4,390,709$3,022,678$2,695,805$4,155,377
79$4,764,676$3,096,904$2,712,230$4,431,224
80$5,174,461$3,172,441$2,726,878$4,731,368
81$5,623,644$3,249,278$2,739,616$5,058,200
82$6,116,167$3,327,404$2,750,304$5,414,352
83$6,656,373$3,406,804$2,758,796$5,802,725
84$7,249,045$3,487,459$2,764,938$6,226,513
85$7,899,452$3,569,349$2,768,568$6,689,233
86$8,613,397$3,652,448$2,769,516$7,194,762
87$9,397,273$3,736,727$2,767,604$7,747,371
88$10,258,121$3,822,154$2,762,646$8,351,764
89$11,203,700$3,908,689$2,754,444$9,013,123
90$12,242,553$3,996,291$2,742,794$9,737,160
91$13,384,097$4,084,912$2,727,481$10,530,166
92$14,638,700$4,174,499$2,708,277$11,399,073
93$16,017,791$4,264,992$2,684,947$12,351,521
94$17,533,955$4,356,327$2,657,243$13,395,926
95$19,201,063$4,448,431$2,624,905$14,541,561
96$21,034,393$4,541,225$2,587,661$15,798,647
97$23,050,779$4,634,624$2,545,225$17,178,444
98$25,268,769$4,728,531$2,497,301$18,693,361
99$27,708,799$4,822,845$2,443,577$20,357,071
100$30,393,385$4,917,452$2,383,724$22,184,643