Can I retire at age 72 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$209,751$207,882$206,060$204,280$202,543$196,611
2 years$103,837$101,903$100,029$98,212$96,449$90,521
3 years$68,537$66,595$64,725$62,925$61,191$55,452
4 years$50,891$48,954$47,103$45,334$43,642$38,137
5 years$40,305$38,381$36,554$34,821$33,176$27,919
6 years$33,251$31,341$29,541$27,847$26,251$21,247
7 years$28,214$26,320$24,549$22,894$21,349$16,599
8 years$24,438$22,561$20,819$19,205$17,711$13,211
9 years$21,503$19,643$17,932$16,359$14,915$10,661
10 years$19,156$17,315$15,633$14,101$12,709$8,694
11 years$17,237$15,414$13,763$12,272$10,930$7,149
12 years$15,639$13,835$12,215$10,765$9,472$5,916
13 years$14,288$12,503$10,913$9,503$8,259$4,921
14 years$13,131$11,365$9,805$8,436$7,240$4,111
15 years$12,129$10,382$8,853$7,524$6,375$3,446
16 years$11,253$9,525$8,026$6,737$5,634$2,897
17 years$10,481$8,772$7,304$6,053$4,996$2,441
18 years$9,796$8,106$6,667$5,455$4,442$2,061
19 years$9,183$7,513$6,104$4,929$3,959$1,743
20 years$8,633$6,981$5,602$4,464$3,536$1,476
21 years$8,135$6,503$5,152$4,051$3,165$1,252
22 years$7,683$6,070$4,749$3,684$2,837$1,062
23 years$7,272$5,677$4,385$3,355$2,546$902
24 years$6,895$5,319$4,055$3,060$2,289$767
25 years$6,549$4,992$3,756$2,794$2,059$652
26 years$6,229$4,691$3,483$2,555$1,855$555
27 years$5,934$4,415$3,235$2,339$1,673$472
28 years$5,661$4,160$3,007$2,143$1,509$402
29 years$5,407$3,925$2,798$1,965$1,363$342
30 years$5,170$3,707$2,606$1,803$1,231$292
31 years$4,949$3,504$2,430$1,656$1,113$249
32 years$4,743$3,315$2,267$1,522$1,007$212
33 years$4,549$3,140$2,117$1,400$911$181
34 years$4,367$2,976$1,978$1,288$825$154
35 years$4,195$2,822$1,849$1,185$747$131
36 years$4,034$2,679$1,730$1,092$677$112
37 years$3,882$2,544$1,619$1,006$614$96
38 years$3,738$2,418$1,516$927$556$81
39 years$3,602$2,299$1,421$855$505$69
40 years$3,473$2,188$1,331$789$458$59
41 years$3,350$2,082$1,248$728$415$51
42 years$3,234$1,983$1,171$671$377$43
43 years$3,123$1,890$1,099$620$342$37
44 years$3,018$1,801$1,032$572$310$31
45 years$2,918$1,718$969$529$282$27
46 years$2,822$1,639$910$488$256$23
47 years$2,731$1,564$855$451$232$19
48 years$2,643$1,493$803$417$211$17
49 years$2,560$1,425$755$385$192$14
50 years$2,480$1,362$710$356$174$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,540,000, adding $3,931 every year, while hoping to spend $29,677 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: 34/46/20 Blend
71$2,540,000$2,540,000$2,540,000$2,540,000
72$2,803,135$2,668,515$2,629,145$2,881,129
73$3,057,478$2,767,696$2,685,645$3,038,241
74$3,336,771$2,870,742$2,743,043$3,204,538
75$3,643,524$2,977,812$2,801,339$3,383,253
76$3,980,509$3,089,070$2,860,529$3,575,503
77$4,350,774$3,204,687$2,920,610$3,782,513
78$4,757,680$3,324,845$2,981,577$4,005,627
79$5,204,930$3,449,728$3,043,426$4,246,322
80$5,696,600$3,579,532$3,106,149$4,506,218
81$6,237,185$3,714,461$3,169,736$4,787,096
82$6,831,636$3,854,727$3,234,180$5,090,910
83$7,485,405$4,000,551$3,299,467$5,419,809
84$8,204,502$4,152,164$3,365,585$5,776,153
85$8,995,548$4,309,807$3,432,519$6,162,536
86$9,865,838$4,473,731$3,500,253$6,581,809
87$10,823,409$4,644,199$3,568,766$7,037,106
88$11,877,116$4,821,485$3,638,040$7,531,874
89$13,036,718$5,005,874$3,708,050$8,069,901
90$14,312,965$5,197,664$3,778,772$8,655,354
91$15,717,705$5,397,166$3,850,178$9,292,817
92$17,263,990$5,604,706$3,922,238$9,987,332
93$18,966,202$5,820,623$3,994,919$10,744,443
94$20,840,191$6,045,269$4,068,185$11,570,252
95$22,903,419$6,279,016$4,141,997$12,471,474
96$25,175,129$6,522,249$4,216,315$13,455,494
97$27,676,523$6,775,370$4,291,092$14,530,444
98$30,430,965$7,038,800$4,366,281$15,705,269
99$33,464,201$7,312,979$4,441,829$16,989,818
100$36,804,599$7,598,364$4,517,680$18,394,929