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%18.1%
1 years$212,228$210,338$208,493$206,693$204,935$198,217
2 years$105,063$103,107$101,210$99,372$97,588$90,883
3 years$69,347$67,381$65,490$63,668$61,914$55,433
4 years$51,492$49,532$47,660$45,870$44,158$37,951
5 years$40,781$38,834$36,986$35,232$33,568$27,652
6 years$33,644$31,711$29,890$28,175$26,561$20,940
7 years$28,547$26,631$24,839$23,165$21,601$16,275
8 years$24,727$22,828$21,065$19,432$17,920$12,885
9 years$21,757$19,875$18,144$16,552$15,092$10,341
10 years$19,382$17,519$15,818$14,268$12,859$8,386
11 years$17,440$15,596$13,926$12,417$11,059$6,855
12 years$15,824$13,998$12,359$10,892$9,583$5,639
13 years$14,457$12,650$11,042$9,616$8,357$4,663
14 years$13,286$11,499$9,921$8,536$7,326$3,871
15 years$12,272$10,505$8,957$7,612$6,450$3,224
16 years$11,386$9,638$8,121$6,816$5,701$2,693
17 years$10,605$8,876$7,390$6,124$5,055$2,254
18 years$9,912$8,202$6,746$5,519$4,494$1,891
19 years$9,292$7,601$6,176$4,987$4,006$1,588
20 years$8,735$7,064$5,668$4,517$3,578$1,336
21 years$8,231$6,579$5,213$4,099$3,202$1,125
22 years$7,774$6,142$4,805$3,727$2,870$948
23 years$7,358$5,744$4,436$3,394$2,576$799
24 years$6,976$5,382$4,103$3,096$2,316$674
25 years$6,626$5,051$3,800$2,827$2,084$569
26 years$6,303$4,747$3,524$2,585$1,877$481
27 years$6,005$4,467$3,273$2,366$1,692$406
28 years$5,728$4,209$3,042$2,168$1,527$344
29 years$5,471$3,971$2,831$1,988$1,379$290
30 years$5,231$3,750$2,637$1,825$1,246$246
31 years$5,008$3,545$2,459$1,676$1,126$208
32 years$4,799$3,355$2,294$1,540$1,019$176
33 years$4,602$3,177$2,142$1,416$922$149
34 years$4,418$3,011$2,001$1,303$835$126
35 years$4,245$2,856$1,871$1,199$756$107
36 years$4,082$2,711$1,750$1,105$685$90
37 years$3,928$2,574$1,638$1,018$621$76
38 years$3,782$2,447$1,534$938$563$65
39 years$3,644$2,327$1,437$865$510$55
40 years$3,514$2,213$1,347$798$463$46
41 years$3,390$2,107$1,263$736$420$39
42 years$3,272$2,007$1,185$679$381$33
43 years$3,160$1,912$1,112$627$346$28
44 years$3,054$1,822$1,044$579$314$24
45 years$2,952$1,738$980$535$285$20
46 years$2,855$1,658$920$494$259$17
47 years$2,763$1,582$865$456$235$14
48 years$2,674$1,510$813$422$213$12
49 years$2,590$1,442$764$390$194$10
50 years$2,509$1,378$718$360$176$9

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 $3,789 every year, while hoping to spend $54,471 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: 42/32/26 Blend
71$2,570,000$2,570,000$2,570,000$2,570,000
72$2,836,048$2,699,838$2,660,003$2,933,425
73$3,067,369$2,774,174$2,691,157$3,077,973
74$3,320,458$2,850,326$2,721,528$3,228,959
75$3,597,479$2,928,326$2,751,034$3,391,414
76$3,900,814$3,008,206$2,779,585$3,566,426
77$4,233,085$3,089,997$2,807,090$3,755,196
78$4,597,182$3,173,728$2,833,449$3,959,043
79$4,996,284$3,259,431$2,858,559$4,179,423
80$5,433,896$3,347,134$2,882,312$4,417,937
81$5,913,875$3,436,866$2,904,592$4,676,352
82$6,440,473$3,528,655$2,925,278$4,956,610
83$7,018,371$3,622,528$2,944,244$5,260,854
84$7,652,724$3,718,512$2,961,356$5,591,444
85$8,349,214$3,816,631$2,976,474$5,950,978
86$9,114,097$3,916,909$2,989,449$6,342,323
87$9,954,266$4,019,368$3,000,126$6,768,633
88$10,877,314$4,124,030$3,008,343$7,233,386
89$11,891,605$4,230,913$3,013,928$7,740,416
90$13,006,356$4,340,034$3,016,701$8,293,944
91$14,231,718$4,451,410$3,016,475$8,898,624
92$15,578,877$4,565,052$3,013,050$9,559,585
93$17,060,155$4,680,972$3,006,220$10,282,477
94$18,689,128$4,799,178$2,995,766$11,073,530
95$20,480,755$4,919,673$2,981,460$11,939,606
96$22,451,516$5,042,461$2,963,063$12,888,270
97$24,619,569$5,167,540$2,940,324$13,927,858
98$27,004,921$5,294,905$2,912,980$15,067,559
99$29,629,614$5,424,547$2,880,756$16,317,497
100$32,517,937$5,556,452$2,843,364$17,688,834