Can I retire at age 72 with 2,530,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$208,925$207,064$205,248$203,476$201,746$199,639
2 years$103,428$101,502$99,635$97,825$96,069$93,948
3 years$68,267$66,333$64,471$62,677$60,950$58,880
4 years$50,690$48,762$46,918$45,156$43,470$41,467
5 years$40,147$38,230$36,410$34,684$33,045$31,115
6 years$33,120$31,217$29,425$27,737$26,148$24,292
7 years$28,103$26,216$24,452$22,804$21,265$19,485
8 years$24,342$22,472$20,737$19,130$17,641$15,938
9 years$21,418$19,566$17,861$16,294$14,857$13,228
10 years$19,080$17,247$15,572$14,046$12,659$11,104
11 years$17,169$15,354$13,709$12,224$10,887$9,405
12 years$15,577$13,781$12,167$10,722$9,434$8,024
13 years$14,232$12,454$10,870$9,466$8,227$6,887
14 years$13,079$11,320$9,767$8,403$7,212$5,939
15 years$12,081$10,341$8,818$7,494$6,350$5,143
16 years$11,209$9,488$7,995$6,710$5,612$4,470
17 years$10,440$8,738$7,275$6,029$4,976$3,895
18 years$9,757$8,074$6,641$5,433$4,424$3,404
19 years$9,147$7,483$6,080$4,909$3,943$2,980
20 years$8,599$6,954$5,580$4,446$3,522$2,614
21 years$8,103$6,477$5,132$4,035$3,152$2,297
22 years$7,653$6,046$4,730$3,669$2,825$2,021
23 years$7,243$5,655$4,367$3,342$2,536$1,781
24 years$6,868$5,298$4,039$3,048$2,280$1,570
25 years$6,523$4,972$3,741$2,783$2,051$1,386
26 years$6,205$4,673$3,470$2,545$1,848$1,225
27 years$5,911$4,398$3,222$2,329$1,666$1,083
28 years$5,639$4,144$2,995$2,134$1,503$958
29 years$5,386$3,909$2,787$1,957$1,357$848
30 years$5,150$3,692$2,596$1,796$1,226$751
31 years$4,930$3,490$2,420$1,650$1,109$665
32 years$4,724$3,302$2,258$1,516$1,003$589
33 years$4,531$3,127$2,109$1,394$908$523
34 years$4,350$2,964$1,970$1,283$822$463
35 years$4,179$2,811$1,842$1,181$744$411
36 years$4,018$2,668$1,723$1,088$674$365
37 years$3,867$2,534$1,613$1,002$611$324
38 years$3,723$2,409$1,510$924$554$287
39 years$3,587$2,290$1,415$852$503$255
40 years$3,459$2,179$1,326$785$456$226
41 years$3,337$2,074$1,244$725$414$201
42 years$3,221$1,975$1,167$669$375$179
43 years$3,111$1,882$1,095$617$341$159
44 years$3,006$1,794$1,027$570$309$141
45 years$2,906$1,711$965$526$281$125
46 years$2,811$1,632$906$486$255$111
47 years$2,720$1,558$851$449$231$99
48 years$2,633$1,487$800$415$210$88
49 years$2,550$1,420$752$384$191$78
50 years$2,470$1,356$707$355$173$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,530,000, adding $5,183 every year, while hoping to spend $52,461 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: 76/15/9 Blend
71$2,530,000$2,530,000$2,530,000$2,530,000
72$2,793,406$2,659,316$2,620,101$3,001,216
73$3,022,516$2,733,805$2,652,057$3,213,168
74$3,273,236$2,810,185$2,683,324$3,438,233
75$3,547,716$2,888,494$2,713,825$3,683,433
76$3,848,322$2,968,769$2,743,478$3,950,751
77$4,177,660$3,051,048$2,772,194$4,242,366
78$4,538,601$3,135,369$2,799,881$4,560,679
79$4,934,304$3,221,767$2,826,443$4,908,334
80$5,368,251$3,310,282$2,851,777$5,288,243
81$5,844,276$3,400,949$2,875,775$5,703,614
82$6,366,602$3,493,806$2,898,323$6,157,979
83$6,939,880$3,588,887$2,919,302$6,655,228
84$7,569,236$3,686,231$2,938,587$7,199,648
85$8,260,313$3,785,871$2,956,044$7,795,958
86$9,019,329$3,887,842$2,971,535$8,449,359
87$9,853,132$3,992,179$2,984,914$9,165,580
88$10,769,270$4,098,914$2,996,027$9,950,930
89$11,776,054$4,208,079$3,004,712$10,812,363
90$12,882,642$4,319,705$3,010,800$11,757,536
91$14,099,122$4,433,822$3,014,113$12,794,890
92$15,436,612$4,550,458$3,014,465$13,933,719
93$16,907,355$4,669,639$3,011,658$15,184,267
94$18,524,845$4,791,391$3,005,488$16,557,818
95$20,303,946$4,915,737$2,995,740$18,066,806
96$22,261,037$5,042,696$2,982,185$19,724,931
97$24,414,163$5,172,289$2,964,589$21,547,287
98$26,783,207$5,304,530$2,942,702$23,550,506
99$29,390,075$5,439,433$2,916,264$25,752,914
100$32,258,906$5,577,008$2,885,002$28,174,703