Can I retire at age 72 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$212,228$210,338$208,493$206,693$204,935$202,543
2 years$105,063$103,107$101,210$99,372$97,588$95,180
3 years$69,347$67,381$65,490$63,668$61,914$59,565
4 years$51,492$49,532$47,660$45,870$44,158$41,885
5 years$40,781$38,834$36,986$35,232$33,568$31,380
6 years$33,644$31,711$29,890$28,175$26,561$24,459
7 years$28,547$26,631$24,839$23,165$21,601$19,587
8 years$24,727$22,828$21,065$19,432$17,920$15,993
9 years$21,757$19,875$18,144$16,552$15,092$13,251
10 years$19,382$17,519$15,818$14,268$12,859$11,103
11 years$17,440$15,596$13,926$12,417$11,059$9,387
12 years$15,824$13,998$12,359$10,892$9,583$7,993
13 years$14,457$12,650$11,042$9,616$8,357$6,847
14 years$13,286$11,499$9,921$8,536$7,326$5,893
15 years$12,272$10,505$8,957$7,612$6,450$5,093
16 years$11,386$9,638$8,121$6,816$5,701$4,417
17 years$10,605$8,876$7,390$6,124$5,055$3,841
18 years$9,912$8,202$6,746$5,519$4,494$3,349
19 years$9,292$7,601$6,176$4,987$4,006$2,926
20 years$8,735$7,064$5,668$4,517$3,578$2,561
21 years$8,231$6,579$5,213$4,099$3,202$2,245
22 years$7,774$6,142$4,805$3,727$2,870$1,971
23 years$7,358$5,744$4,436$3,394$2,576$1,733
24 years$6,976$5,382$4,103$3,096$2,316$1,524
25 years$6,626$5,051$3,800$2,827$2,084$1,343
26 years$6,303$4,747$3,524$2,585$1,877$1,183
27 years$6,005$4,467$3,273$2,366$1,692$1,044
28 years$5,728$4,209$3,042$2,168$1,527$921
29 years$5,471$3,971$2,831$1,988$1,379$813
30 years$5,231$3,750$2,637$1,825$1,246$718
31 years$5,008$3,545$2,459$1,676$1,126$635
32 years$4,799$3,355$2,294$1,540$1,019$561
33 years$4,602$3,177$2,142$1,416$922$496
34 years$4,418$3,011$2,001$1,303$835$439
35 years$4,245$2,856$1,871$1,199$756$388
36 years$4,082$2,711$1,750$1,105$685$344
37 years$3,928$2,574$1,638$1,018$621$304
38 years$3,782$2,447$1,534$938$563$269
39 years$3,644$2,327$1,437$865$510$239
40 years$3,514$2,213$1,347$798$463$211
41 years$3,390$2,107$1,263$736$420$187
42 years$3,272$2,007$1,185$679$381$166
43 years$3,160$1,912$1,112$627$346$147
44 years$3,054$1,822$1,044$579$314$130
45 years$2,952$1,738$980$535$285$115
46 years$2,855$1,658$920$494$259$102
47 years$2,763$1,582$865$456$235$91
48 years$2,674$1,510$813$422$213$80
49 years$2,590$1,442$764$390$194$71
50 years$2,509$1,378$718$360$176$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,570,000, adding $2,986 every year, while hoping to spend $37,005 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: 45/37/18 Blend
71$2,570,000$2,570,000$2,570,000$2,570,000
72$2,835,220$2,699,010$2,659,175$2,948,023
73$3,085,039$2,791,889$2,708,884$3,120,179
74$3,359,100$2,888,078$2,759,019$3,302,833
75$3,659,836$2,987,701$2,809,553$3,500,125
76$3,989,927$3,090,886$2,860,461$3,713,429
77$4,352,326$3,197,766$2,911,713$3,944,256
78$4,750,286$3,308,479$2,963,278$4,194,267
79$5,187,389$3,423,169$3,015,122$4,465,287
80$5,667,583$3,541,985$3,067,209$4,759,325
81$6,195,216$3,665,081$3,119,500$5,078,591
82$6,775,078$3,792,620$3,171,953$5,425,516
83$7,412,446$3,924,769$3,224,524$5,802,772
84$8,113,135$4,061,701$3,277,164$6,213,303
85$8,883,549$4,203,599$3,329,824$6,660,344
86$9,730,746$4,350,651$3,382,448$7,147,460
87$10,662,501$4,503,052$3,434,979$7,678,571
88$11,687,381$4,661,005$3,487,355$8,257,993
89$12,814,823$4,824,724$3,539,511$8,890,477
90$14,055,227$4,994,428$3,591,377$9,581,252
91$15,420,051$5,170,346$3,642,879$10,336,075
92$16,921,920$5,352,716$3,693,939$11,161,286
93$18,574,744$5,541,787$3,744,474$12,063,863
94$20,393,849$5,737,817$3,794,395$13,051,491
95$22,396,125$5,941,072$3,843,610$14,132,631
96$24,600,178$6,151,834$3,892,020$15,316,602
97$27,026,515$6,370,392$3,939,521$16,613,665
98$29,697,726$6,597,048$3,986,002$18,035,120
99$32,638,709$6,832,118$4,031,347$19,593,415
100$35,876,893$7,075,928$4,075,434$21,302,257