Can I retire at age 72 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$213,054$211,156$209,305$207,497$205,733$204,094
2 years$105,472$103,508$101,604$99,758$97,968$96,316
3 years$69,616$67,644$65,745$63,916$62,155$60,541
4 years$51,692$49,725$47,845$46,048$44,329$42,766
5 years$40,940$38,985$37,130$35,369$33,699$32,190
6 years$33,775$31,834$30,006$28,285$26,664$25,213
7 years$28,658$26,734$24,936$23,255$21,685$20,292
8 years$24,823$22,916$21,147$19,508$17,990$16,654
9 years$21,841$19,953$18,214$16,616$15,150$13,871
10 years$19,457$17,587$15,880$14,323$12,909$11,687
11 years$17,508$15,657$13,980$12,466$11,102$9,935
12 years$15,885$14,053$12,407$10,934$9,621$8,509
13 years$14,513$12,700$11,085$9,653$8,389$7,331
14 years$13,338$11,544$9,960$8,569$7,354$6,347
15 years$12,320$10,545$8,992$7,642$6,475$5,519
16 years$11,430$9,675$8,153$6,843$5,723$4,816
17 years$10,646$8,910$7,419$6,148$5,074$4,215
18 years$9,950$8,234$6,772$5,541$4,512$3,698
19 years$9,328$7,631$6,200$5,006$4,021$3,252
20 years$8,769$7,091$5,690$4,534$3,592$2,866
21 years$8,263$6,605$5,234$4,115$3,214$2,529
22 years$7,804$6,166$4,824$3,742$2,881$2,235
23 years$7,386$5,766$4,454$3,408$2,586$1,978
24 years$7,003$5,403$4,119$3,108$2,325$1,753
25 years$6,652$5,070$3,815$2,838$2,092$1,554
26 years$6,328$4,765$3,538$2,595$1,884$1,380
27 years$6,028$4,485$3,285$2,375$1,699$1,226
28 years$5,750$4,226$3,054$2,176$1,533$1,089
29 years$5,492$3,987$2,842$1,996$1,384$969
30 years$5,252$3,765$2,647$1,832$1,251$862
31 years$5,027$3,559$2,468$1,682$1,131$768
32 years$4,817$3,368$2,303$1,546$1,023$684
33 years$4,620$3,189$2,150$1,422$926$609
34 years$4,436$3,023$2,009$1,308$838$543
35 years$4,262$2,867$1,878$1,204$759$484
36 years$4,098$2,721$1,757$1,109$688$432
37 years$3,943$2,584$1,645$1,022$623$385
38 years$3,797$2,456$1,540$942$565$344
39 years$3,658$2,336$1,443$868$512$307
40 years$3,527$2,222$1,352$801$465$274
41 years$3,403$2,115$1,268$739$422$244
42 years$3,285$2,014$1,190$682$383$218
43 years$3,172$1,919$1,116$630$347$195
44 years$3,065$1,830$1,048$581$315$174
45 years$2,963$1,745$984$537$286$155
46 years$2,866$1,664$924$496$260$139
47 years$2,774$1,588$868$458$236$124
48 years$2,685$1,516$816$423$214$111
49 years$2,600$1,448$767$391$195$99
50 years$2,519$1,383$721$362$177$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,580,000, adding $6,156 every year, while hoping to spend $26,133 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: 65/11/24 Blend
71$2,580,000$2,580,000$2,580,000$2,580,000
72$2,849,510$2,712,770$2,672,780$3,016,581
73$3,112,355$2,817,890$2,734,513$3,235,021
74$3,401,134$2,927,286$2,797,438$3,470,175
75$3,718,465$3,041,138$2,861,567$3,726,595
76$4,067,231$3,159,637$2,926,913$4,006,373
77$4,450,611$3,282,982$2,993,487$4,311,810
78$4,872,104$3,411,379$3,061,299$4,645,441
79$5,335,567$3,545,044$3,130,361$5,010,054
80$5,845,247$3,684,204$3,200,681$5,408,722
81$6,405,827$3,829,094$3,272,268$5,844,828
82$7,022,464$3,979,962$3,345,131$6,322,096
83$7,700,839$4,137,065$3,419,277$6,844,628
84$8,447,215$4,300,671$3,494,713$7,416,941
85$9,268,488$4,471,061$3,571,444$8,044,011
86$10,172,261$4,648,530$3,649,474$8,731,318
87$11,166,908$4,833,385$3,728,808$9,484,896
88$12,261,657$5,025,945$3,809,447$10,311,394
89$13,466,676$5,226,546$3,891,393$11,218,133
90$14,793,167$5,435,537$3,974,646$12,213,180
91$16,253,478$5,653,286$4,059,203$13,305,418
92$17,861,209$5,880,173$4,145,063$14,504,635
93$19,631,349$6,116,599$4,232,220$15,821,612
94$21,580,416$6,362,981$4,320,668$17,268,227
95$23,726,607$6,619,756$4,410,399$18,857,564
96$26,089,977$6,887,380$4,501,404$20,604,038
97$28,692,623$7,166,330$4,593,669$22,523,529
98$31,558,895$7,457,105$4,687,182$24,633,534
99$34,715,626$7,760,226$4,781,926$26,953,329
100$38,192,381$8,076,238$4,877,881$29,504,151