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%15%
1 years$212,228$210,338$208,493$206,693$204,935$200,716
2 years$105,063$103,107$101,210$99,372$97,588$93,356
3 years$69,347$67,381$65,490$63,668$61,914$57,801
4 years$51,492$49,532$47,660$45,870$44,158$40,196
5 years$40,781$38,834$36,986$35,232$33,568$29,769
6 years$33,644$31,711$29,890$28,175$26,561$22,929
7 years$28,547$26,631$24,839$23,165$21,601$18,137
8 years$24,727$22,828$21,065$19,432$17,920$14,622
9 years$21,757$19,875$18,144$16,552$15,092$11,957
10 years$19,382$17,519$15,818$14,268$12,859$9,886
11 years$17,440$15,596$13,926$12,417$11,059$8,243
12 years$15,824$13,998$12,359$10,892$9,583$6,921
13 years$14,457$12,650$11,042$9,616$8,357$5,843
14 years$13,286$11,499$9,921$8,536$7,326$4,955
15 years$12,272$10,505$8,957$7,612$6,450$4,218
16 years$11,386$9,638$8,121$6,816$5,701$3,602
17 years$10,605$8,876$7,390$6,124$5,055$3,084
18 years$9,912$8,202$6,746$5,519$4,494$2,647
19 years$9,292$7,601$6,176$4,987$4,006$2,275
20 years$8,735$7,064$5,668$4,517$3,578$1,959
21 years$8,231$6,579$5,213$4,099$3,202$1,689
22 years$7,774$6,142$4,805$3,727$2,870$1,458
23 years$7,358$5,744$4,436$3,394$2,576$1,260
24 years$6,976$5,382$4,103$3,096$2,316$1,090
25 years$6,626$5,051$3,800$2,827$2,084$943
26 years$6,303$4,747$3,524$2,585$1,877$817
27 years$6,005$4,467$3,273$2,366$1,692$708
28 years$5,728$4,209$3,042$2,168$1,527$614
29 years$5,471$3,971$2,831$1,988$1,379$532
30 years$5,231$3,750$2,637$1,825$1,246$462
31 years$5,008$3,545$2,459$1,676$1,126$401
32 years$4,799$3,355$2,294$1,540$1,019$348
33 years$4,602$3,177$2,142$1,416$922$302
34 years$4,418$3,011$2,001$1,303$835$262
35 years$4,245$2,856$1,871$1,199$756$228
36 years$4,082$2,711$1,750$1,105$685$198
37 years$3,928$2,574$1,638$1,018$621$172
38 years$3,782$2,447$1,534$938$563$149
39 years$3,644$2,327$1,437$865$510$130
40 years$3,514$2,213$1,347$798$463$113
41 years$3,390$2,107$1,263$736$420$98
42 years$3,272$2,007$1,185$679$381$85
43 years$3,160$1,912$1,112$627$346$74
44 years$3,054$1,822$1,044$579$314$64
45 years$2,952$1,738$980$535$285$56
46 years$2,855$1,658$920$494$259$49
47 years$2,763$1,582$865$456$235$42
48 years$2,674$1,510$813$422$213$37
49 years$2,590$1,442$764$390$194$32
50 years$2,509$1,378$718$360$176$28

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 $4,760 every year, while hoping to spend $52,799 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: 40/35/25 Blend
71$2,570,000$2,570,000$2,570,000$2,570,000
72$2,837,050$2,700,840$2,661,005$2,929,396
73$3,070,251$2,777,003$2,693,971$3,072,724
74$3,325,470$2,855,129$2,726,272$3,222,371
75$3,604,895$2,935,258$2,757,829$3,383,236
76$3,910,939$3,017,430$2,788,561$3,556,375
77$4,246,257$3,101,686$2,818,380$3,742,951
78$4,613,774$3,188,068$2,847,195$3,944,246
79$5,016,711$3,276,616$2,874,908$4,161,668
80$5,458,617$3,367,371$2,901,419$4,396,772
81$5,943,398$3,460,375$2,926,619$4,651,267
82$6,475,360$3,555,668$2,950,395$4,927,036
83$7,059,241$3,653,291$2,972,628$5,226,153
84$7,700,266$3,753,284$2,993,193$5,550,903
85$8,404,186$3,855,688$3,011,958$5,903,802
86$9,177,339$3,960,542$3,028,784$6,287,622
87$10,026,704$4,067,886$3,043,526$6,705,418
88$10,959,974$4,177,757$3,056,029$7,160,555
89$11,985,618$4,290,195$3,066,134$7,656,738
90$13,112,973$4,405,236$3,073,670$8,198,053
91$14,352,319$4,522,915$3,078,461$8,788,999
92$15,714,985$4,643,268$3,080,320$9,434,536
93$17,213,454$4,766,329$3,079,051$10,140,126
94$18,861,476$4,892,129$3,074,449$10,911,791
95$20,674,203$5,020,699$3,066,299$11,756,165
96$22,668,326$5,152,067$3,054,374$12,680,557
97$24,862,238$5,286,262$3,038,439$13,693,026
98$27,276,205$5,423,307$3,018,245$14,802,448
99$29,932,554$5,563,225$2,993,532$16,018,607
100$32,855,887$5,706,035$2,964,028$17,352,285