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%12.5%
1 years$212,228$210,338$208,493$206,693$204,935$202,795
2 years$105,063$103,107$101,210$99,372$97,588$95,433
3 years$69,347$67,381$65,490$63,668$61,914$59,811
4 years$51,492$49,532$47,660$45,870$44,158$42,122
5 years$40,781$38,834$36,986$35,232$33,568$31,606
6 years$33,644$31,711$29,890$28,175$26,561$24,676
7 years$28,547$26,631$24,839$23,165$21,601$19,793
8 years$24,727$22,828$21,065$19,432$17,920$16,190
9 years$21,757$19,875$18,144$16,552$15,092$13,437
10 years$19,382$17,519$15,818$14,268$12,859$11,280
11 years$17,440$15,596$13,926$12,417$11,059$9,554
12 years$15,824$13,998$12,359$10,892$9,583$8,151
13 years$14,457$12,650$11,042$9,616$8,357$6,996
14 years$13,286$11,499$9,921$8,536$7,326$6,033
15 years$12,272$10,505$8,957$7,612$6,450$5,225
16 years$11,386$9,638$8,121$6,816$5,701$4,540
17 years$10,605$8,876$7,390$6,124$5,055$3,957
18 years$9,912$8,202$6,746$5,519$4,494$3,457
19 years$9,292$7,601$6,176$4,987$4,006$3,027
20 years$8,735$7,064$5,668$4,517$3,578$2,656
21 years$8,231$6,579$5,213$4,099$3,202$2,334
22 years$7,774$6,142$4,805$3,727$2,870$2,053
23 years$7,358$5,744$4,436$3,394$2,576$1,809
24 years$6,976$5,382$4,103$3,096$2,316$1,595
25 years$6,626$5,051$3,800$2,827$2,084$1,408
26 years$6,303$4,747$3,524$2,585$1,877$1,244
27 years$6,005$4,467$3,273$2,366$1,692$1,100
28 years$5,728$4,209$3,042$2,168$1,527$973
29 years$5,471$3,971$2,831$1,988$1,379$861
30 years$5,231$3,750$2,637$1,825$1,246$763
31 years$5,008$3,545$2,459$1,676$1,126$676
32 years$4,799$3,355$2,294$1,540$1,019$599
33 years$4,602$3,177$2,142$1,416$922$531
34 years$4,418$3,011$2,001$1,303$835$471
35 years$4,245$2,856$1,871$1,199$756$418
36 years$4,082$2,711$1,750$1,105$685$370
37 years$3,928$2,574$1,638$1,018$621$329
38 years$3,782$2,447$1,534$938$563$292
39 years$3,644$2,327$1,437$865$510$259
40 years$3,514$2,213$1,347$798$463$230
41 years$3,390$2,107$1,263$736$420$204
42 years$3,272$2,007$1,185$679$381$181
43 years$3,160$1,912$1,112$627$346$161
44 years$3,054$1,822$1,044$579$314$143
45 years$2,952$1,738$980$535$285$127
46 years$2,855$1,658$920$494$259$113
47 years$2,763$1,582$865$456$235$100
48 years$2,674$1,510$813$422$213$89
49 years$2,590$1,442$764$390$194$79
50 years$2,509$1,378$718$360$176$70

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 $6,497 every year, while hoping to spend $25,028 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: 45/39/16 Blend
71$2,570,000$2,570,000$2,570,000$2,570,000
72$2,838,842$2,702,632$2,662,797$2,953,304
73$3,101,774$2,808,431$2,725,371$3,139,668
74$3,390,686$2,918,576$2,789,202$3,338,615
75$3,708,203$3,033,252$2,854,307$3,553,814
76$4,057,213$3,152,655$2,920,700$3,786,778
77$4,440,902$3,276,989$2,988,397$4,039,175
78$4,862,778$3,406,465$3,057,411$4,312,832
79$5,326,705$3,541,305$3,127,759$4,609,760
80$5,836,943$3,681,743$3,199,452$4,932,167
81$6,398,182$3,828,020$3,272,505$5,282,483
82$7,015,593$3,980,389$3,346,931$5,663,375
83$7,694,871$4,139,116$3,422,740$6,077,780
84$8,442,291$4,304,476$3,499,946$6,528,923
85$9,264,769$4,476,759$3,578,557$7,020,355
86$10,169,922$4,656,267$3,658,586$7,555,978
87$11,166,145$4,843,315$3,740,040$8,140,086
88$12,262,688$5,038,234$3,822,927$8,777,402
89$13,469,743$5,241,368$3,907,256$9,473,124
90$14,798,540$5,453,078$3,993,032$10,232,967
91$16,261,453$5,673,741$4,080,260$11,063,225
92$17,872,117$5,903,750$4,168,945$11,970,820
93$19,645,556$6,143,517$4,259,088$12,963,373
94$21,598,327$6,393,473$4,350,691$14,049,268
95$23,748,671$6,654,068$4,443,754$15,237,738
96$26,116,691$6,925,773$4,538,275$16,538,943
97$28,724,537$7,209,079$4,634,251$17,964,068
98$31,596,617$7,504,502$4,731,676$19,525,428
99$34,759,828$7,812,578$4,830,544$21,236,579
100$38,243,808$8,133,872$4,930,844$23,112,447