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

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$208,925$207,064$205,248$203,476$201,746$197,672
2 years$103,428$101,502$99,635$97,825$96,069$91,983
3 years$68,267$66,333$64,471$62,677$60,950$56,979
4 years$50,690$48,762$46,918$45,156$43,470$39,645
5 years$40,147$38,230$36,410$34,684$33,045$29,376
6 years$33,120$31,217$29,425$27,737$26,148$22,639
7 years$28,103$26,216$24,452$22,804$21,265$17,917
8 years$24,342$22,472$20,737$19,130$17,641$14,453
9 years$21,418$19,566$17,861$16,294$14,857$11,826
10 years$19,080$17,247$15,572$14,046$12,659$9,783
11 years$17,169$15,354$13,709$12,224$10,887$8,163
12 years$15,577$13,781$12,167$10,722$9,434$6,858
13 years$14,232$12,454$10,870$9,466$8,227$5,794
14 years$13,079$11,320$9,767$8,403$7,212$4,917
15 years$12,081$10,341$8,818$7,494$6,350$4,189
16 years$11,209$9,488$7,995$6,710$5,612$3,580
17 years$10,440$8,738$7,275$6,029$4,976$3,067
18 years$9,757$8,074$6,641$5,433$4,424$2,634
19 years$9,147$7,483$6,080$4,909$3,943$2,266
20 years$8,599$6,954$5,580$4,446$3,522$1,953
21 years$8,103$6,477$5,132$4,035$3,152$1,685
22 years$7,653$6,046$4,730$3,669$2,825$1,456
23 years$7,243$5,655$4,367$3,342$2,536$1,259
24 years$6,868$5,298$4,039$3,048$2,280$1,089
25 years$6,523$4,972$3,741$2,783$2,051$944
26 years$6,205$4,673$3,470$2,545$1,848$818
27 years$5,911$4,398$3,222$2,329$1,666$709
28 years$5,639$4,144$2,995$2,134$1,503$615
29 years$5,386$3,909$2,787$1,957$1,357$534
30 years$5,150$3,692$2,596$1,796$1,226$464
31 years$4,930$3,490$2,420$1,650$1,109$403
32 years$4,724$3,302$2,258$1,516$1,003$350
33 years$4,531$3,127$2,109$1,394$908$304
34 years$4,350$2,964$1,970$1,283$822$264
35 years$4,179$2,811$1,842$1,181$744$230
36 years$4,018$2,668$1,723$1,088$674$200
37 years$3,867$2,534$1,613$1,002$611$174
38 years$3,723$2,409$1,510$924$554$151
39 years$3,587$2,290$1,415$852$503$131
40 years$3,459$2,179$1,326$785$456$114
41 years$3,337$2,074$1,244$725$414$99
42 years$3,221$1,975$1,167$669$375$86
43 years$3,111$1,882$1,095$617$341$75
44 years$3,006$1,794$1,027$570$309$65
45 years$2,906$1,711$965$526$281$57
46 years$2,811$1,632$906$486$255$50
47 years$2,720$1,558$851$449$231$43
48 years$2,633$1,487$800$415$210$38
49 years$2,550$1,420$752$384$191$33
50 years$2,470$1,356$707$355$173$28

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 $3,637 every year, while hoping to spend $48,696 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: 41/43/16 Blend
71$2,530,000$2,530,000$2,530,000$2,530,000
72$2,791,812$2,657,722$2,618,507$2,892,955
73$3,024,764$2,736,138$2,654,414$3,043,309
74$3,279,846$2,816,764$2,689,893$3,200,906
75$3,559,262$2,899,658$2,724,877$3,370,443
76$3,865,443$2,984,877$2,759,296$3,553,031
77$4,201,063$3,072,480$2,793,077$3,749,894
78$4,569,068$3,162,529$2,826,142$3,962,378
79$4,972,704$3,255,084$2,858,408$4,191,963
80$5,415,545$3,350,208$2,889,790$4,440,279
81$5,901,528$3,447,965$2,920,195$4,709,117
82$6,434,989$3,548,421$2,949,528$5,000,452
83$7,020,706$3,651,642$2,977,685$5,316,454
84$7,663,940$3,757,695$3,004,560$5,659,513
85$8,370,489$3,866,649$3,030,040$6,032,262
86$9,146,738$3,978,574$3,054,005$6,437,597
87$9,999,722$4,093,540$3,076,330$6,878,708
88$10,937,190$4,211,621$3,096,884$7,359,109
89$11,967,682$4,332,888$3,115,528$7,882,666
90$13,100,603$4,457,417$3,132,115$8,453,639
91$14,346,316$4,585,283$3,146,494$9,076,720
92$15,716,241$4,716,561$3,158,501$9,757,075
93$17,222,955$4,851,331$3,167,969$10,500,396
94$18,880,319$4,989,669$3,174,719$11,312,950
95$20,703,605$5,131,656$3,178,564$12,201,642
96$22,709,636$5,277,370$3,179,310$13,174,078
97$24,916,952$5,426,895$3,176,750$14,238,638
98$27,345,978$5,580,310$3,170,668$15,404,550
99$30,019,222$5,737,698$3,160,839$16,681,985
100$32,961,481$5,899,144$3,147,026$18,082,145