Can I retire at age 72 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$207,273$205,427$203,626$201,868$200,151$199,056
2 years$102,611$100,700$98,848$97,052$95,310$94,206
3 years$67,728$65,808$63,961$62,182$60,469$59,388
4 years$50,289$48,376$46,547$44,799$43,127$42,079
5 years$39,829$37,927$36,122$34,410$32,784$31,772
6 years$32,858$30,971$29,192$27,518$25,941$24,966
7 years$27,881$26,009$24,259$22,624$21,097$20,160
8 years$24,149$22,295$20,574$18,979$17,502$16,602
9 years$21,249$19,411$17,720$16,166$14,739$13,877
10 years$18,930$17,110$15,449$13,935$12,559$11,733
11 years$17,033$15,232$13,601$12,127$10,801$10,012
12 years$15,454$13,672$12,070$10,637$9,360$8,606
13 years$14,119$12,355$10,784$9,391$8,162$7,443
14 years$12,976$11,230$9,690$8,337$7,155$6,470
15 years$11,986$10,259$8,748$7,435$6,300$5,648
16 years$11,120$9,413$7,932$6,657$5,568$4,949
17 years$10,357$8,669$7,217$5,981$4,937$4,349
18 years$9,680$8,010$6,589$5,390$4,389$3,832
19 years$9,075$7,424$6,032$4,871$3,912$3,385
20 years$8,531$6,899$5,535$4,411$3,495$2,995
21 years$8,039$6,426$5,092$4,003$3,127$2,655
22 years$7,593$5,998$4,693$3,640$2,803$2,357
23 years$7,186$5,610$4,333$3,315$2,516$2,096
24 years$6,813$5,256$4,007$3,024$2,262$1,865
25 years$6,471$4,933$3,711$2,761$2,035$1,662
26 years$6,156$4,636$3,442$2,525$1,833$1,482
27 years$5,864$4,363$3,196$2,311$1,653$1,323
28 years$5,594$4,111$2,971$2,117$1,491$1,181
29 years$5,343$3,878$2,765$1,942$1,347$1,056
30 years$5,109$3,663$2,576$1,782$1,217$944
31 years$4,891$3,463$2,401$1,637$1,100$845
32 years$4,687$3,276$2,240$1,504$995$756
33 years$4,495$3,103$2,092$1,383$901$677
34 years$4,315$2,941$1,954$1,273$815$606
35 years$4,146$2,789$1,827$1,171$738$543
36 years$3,986$2,647$1,709$1,079$669$487
37 years$3,836$2,514$1,600$994$606$437
38 years$3,694$2,390$1,498$916$550$392
39 years$3,559$2,272$1,404$845$499$351
40 years$3,432$2,162$1,316$779$452$315
41 years$3,311$2,058$1,234$719$410$283
42 years$3,196$1,960$1,157$664$372$254
43 years$3,086$1,867$1,086$612$338$228
44 years$2,982$1,780$1,019$566$307$204
45 years$2,883$1,697$957$522$278$183
46 years$2,789$1,619$899$482$253$165
47 years$2,698$1,545$845$446$230$148
48 years$2,612$1,475$794$412$208$133
49 years$2,530$1,409$746$381$189$119
50 years$2,451$1,346$701$352$172$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,510,000, adding $5,874 every year, while hoping to spend $26,363 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: 47/41/12 Blend
71$2,510,000$2,510,000$2,510,000$2,510,000
72$2,772,079$2,639,049$2,600,144$2,892,833
73$3,026,781$2,740,312$2,659,199$3,078,087
74$3,306,579$2,845,654$2,719,348$3,275,835
75$3,614,005$2,955,246$2,780,602$3,489,860
76$3,951,849$3,069,268$2,842,967$3,721,685
77$4,323,182$3,187,907$2,906,451$3,972,982
78$4,731,392$3,311,360$2,971,062$4,245,591
79$5,180,207$3,439,829$3,036,806$4,541,531
80$5,673,737$3,573,530$3,103,687$4,863,025
81$6,216,509$3,712,684$3,171,712$5,212,513
82$6,813,511$3,857,524$3,240,883$5,592,678
83$7,470,240$4,008,293$3,311,203$6,006,474
84$8,192,750$4,165,245$3,382,674$6,457,145
85$8,987,713$4,328,645$3,455,296$6,948,261
86$9,862,481$4,498,769$3,529,070$7,483,749
87$10,825,153$4,675,908$3,603,992$8,067,928
88$11,884,653$4,860,362$3,680,060$8,705,549
89$13,050,815$5,052,447$3,757,270$9,401,842
90$14,334,474$5,252,493$3,835,615$10,162,559
91$15,747,570$5,460,845$3,915,087$10,994,032
92$17,303,257$5,677,861$3,995,678$11,903,227
93$19,016,032$5,903,919$4,077,375$12,897,814
94$20,901,866$6,139,410$4,160,167$13,986,232
95$22,978,362$6,384,746$4,244,037$15,177,772
96$25,264,911$6,640,355$4,328,969$16,482,661
97$27,782,885$6,906,686$4,414,943$17,912,160
98$30,555,833$7,184,207$4,501,937$19,478,662
99$33,609,703$7,473,408$4,589,927$21,195,817
100$36,973,088$7,774,801$4,678,885$23,078,650