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%19.6%
1 years$204,796$202,972$201,192$199,455$197,759$190,138
2 years$101,384$99,496$97,666$95,892$94,171$86,584
3 years$66,918$65,022$63,196$61,439$59,746$52,431
4 years$49,688$47,798$45,991$44,263$42,611$35,625
5 years$39,353$37,474$35,691$33,998$32,392$25,752
6 years$32,465$30,600$28,843$27,189$25,631$19,342
7 years$27,548$25,698$23,969$22,353$20,845$14,904
8 years$23,861$22,028$20,328$18,752$17,293$11,695
9 years$20,995$19,179$17,508$15,972$14,563$9,300
10 years$18,703$16,906$15,264$13,768$12,408$7,471
11 years$16,830$15,050$13,438$11,983$10,672$6,048
12 years$15,270$13,508$11,926$10,510$9,248$4,926
13 years$13,950$12,207$10,655$9,279$8,064$4,031
14 years$12,821$11,096$9,574$8,237$7,069$3,312
15 years$11,842$10,137$8,644$7,346$6,224$2,729
16 years$10,987$9,300$7,837$6,577$5,501$2,255
17 years$10,234$8,565$7,131$5,910$4,878$1,867
18 years$9,564$7,915$6,510$5,326$4,337$1,548
19 years$8,966$7,335$5,959$4,812$3,866$1,286
20 years$8,429$6,816$5,469$4,359$3,453$1,069
21 years$7,943$6,349$5,031$3,956$3,090$890
22 years$7,502$5,927$4,637$3,597$2,770$741
23 years$7,100$5,543$4,281$3,275$2,486$618
24 years$6,732$5,193$3,959$2,987$2,235$515
25 years$6,394$4,874$3,667$2,728$2,011$430
26 years$6,082$4,581$3,401$2,495$1,811$358
27 years$5,794$4,311$3,158$2,283$1,633$299
28 years$5,527$4,062$2,936$2,092$1,474$250
29 years$5,279$3,832$2,732$1,918$1,331$209
30 years$5,048$3,619$2,545$1,761$1,202$174
31 years$4,832$3,421$2,373$1,617$1,087$146
32 years$4,631$3,237$2,214$1,486$983$122
33 years$4,441$3,066$2,067$1,367$890$102
34 years$4,264$2,905$1,931$1,257$806$85
35 years$4,096$2,756$1,805$1,157$730$71
36 years$3,939$2,616$1,689$1,066$661$59
37 years$3,790$2,484$1,581$982$599$50
38 years$3,650$2,361$1,480$905$543$41
39 years$3,517$2,245$1,387$835$493$35
40 years$3,391$2,136$1,300$770$447$29
41 years$3,271$2,033$1,219$710$405$24
42 years$3,157$1,936$1,143$656$368$20
43 years$3,049$1,845$1,073$605$334$17
44 years$2,947$1,759$1,007$559$303$14
45 years$2,849$1,677$946$516$275$12
46 years$2,755$1,600$888$477$250$10
47 years$2,666$1,527$834$440$227$8
48 years$2,581$1,457$784$407$206$7
49 years$2,499$1,392$737$376$187$6
50 years$2,421$1,330$693$348$170$5

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 $6,724 every year, while hoping to spend $27,104 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: 50/43/7 Blend
71$2,480,000$2,480,000$2,480,000$2,480,000
72$2,739,896$2,608,456$2,570,016$2,871,690
73$2,990,527$2,707,432$2,627,273$3,061,238
74$3,265,814$2,810,349$2,685,540$3,263,626
75$3,568,243$2,917,372$2,744,821$3,482,898
76$3,900,553$3,028,673$2,805,122$3,720,640
77$4,265,762$3,144,431$2,866,447$3,978,596
78$4,667,194$3,264,832$2,928,797$4,258,681
79$5,108,511$3,390,072$2,992,175$4,563,003
80$5,593,748$3,520,355$3,056,582$4,893,877
81$6,127,351$3,655,893$3,122,018$5,253,847
82$6,714,218$3,796,908$3,188,482$5,645,713
83$7,359,743$3,943,632$3,255,971$6,072,552
84$8,069,874$4,096,306$3,324,483$6,537,749
85$8,851,160$4,255,184$3,394,012$7,045,028
86$9,710,819$4,420,529$3,464,553$7,598,484
87$10,656,804$4,592,617$3,536,097$8,202,622
88$11,697,877$4,771,734$3,608,635$8,862,400
89$12,843,693$4,958,181$3,682,157$9,583,272
90$14,104,890$5,152,273$3,756,650$10,371,241
91$15,493,190$5,354,336$3,832,099$11,232,912
92$17,021,510$5,564,712$3,908,488$12,175,555
93$18,704,080$5,783,759$3,985,799$13,207,171
94$20,556,583$6,011,851$4,064,010$14,336,570
95$22,596,300$6,249,376$4,143,099$15,573,446
96$24,842,270$6,496,743$4,223,041$16,928,472
97$27,315,475$6,754,377$4,303,806$18,413,400
98$30,039,035$7,022,723$4,385,365$20,041,167
99$33,038,426$7,302,246$4,467,684$21,826,018
100$36,341,720$7,593,430$4,550,726$23,783,636