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%13.5%
1 years$213,054$211,156$209,305$207,497$205,733$202,742
2 years$105,472$103,508$101,604$99,758$97,968$94,961
3 years$69,616$67,644$65,745$63,916$62,155$59,225
4 years$51,692$49,725$47,845$46,048$44,329$41,500
5 years$40,940$38,985$37,130$35,369$33,699$30,977
6 years$33,775$31,834$30,006$28,285$26,664$24,055
7 years$28,658$26,734$24,936$23,255$21,685$19,188
8 years$24,823$22,916$21,147$19,508$17,990$15,604
9 years$21,841$19,953$18,214$16,616$15,150$12,875
10 years$19,457$17,587$15,880$14,323$12,909$10,743
11 years$17,508$15,657$13,980$12,466$11,102$9,043
12 years$15,885$14,053$12,407$10,934$9,621$7,666
13 years$14,513$12,700$11,085$9,653$8,389$6,536
14 years$13,338$11,544$9,960$8,569$7,354$5,600
15 years$12,320$10,545$8,992$7,642$6,475$4,817
16 years$11,430$9,675$8,153$6,843$5,723$4,157
17 years$10,646$8,910$7,419$6,148$5,074$3,597
18 years$9,950$8,234$6,772$5,541$4,512$3,121
19 years$9,328$7,631$6,200$5,006$4,021$2,713
20 years$8,769$7,091$5,690$4,534$3,592$2,362
21 years$8,263$6,605$5,234$4,115$3,214$2,060
22 years$7,804$6,166$4,824$3,742$2,881$1,799
23 years$7,386$5,766$4,454$3,408$2,586$1,573
24 years$7,003$5,403$4,119$3,108$2,325$1,376
25 years$6,652$5,070$3,815$2,838$2,092$1,205
26 years$6,328$4,765$3,538$2,595$1,884$1,056
27 years$6,028$4,485$3,285$2,375$1,699$927
28 years$5,750$4,226$3,054$2,176$1,533$813
29 years$5,492$3,987$2,842$1,996$1,384$714
30 years$5,252$3,765$2,647$1,832$1,251$627
31 years$5,027$3,559$2,468$1,682$1,131$551
32 years$4,817$3,368$2,303$1,546$1,023$484
33 years$4,620$3,189$2,150$1,422$926$426
34 years$4,436$3,023$2,009$1,308$838$374
35 years$4,262$2,867$1,878$1,204$759$329
36 years$4,098$2,721$1,757$1,109$688$290
37 years$3,943$2,584$1,645$1,022$623$255
38 years$3,797$2,456$1,540$942$565$224
39 years$3,658$2,336$1,443$868$512$197
40 years$3,527$2,222$1,352$801$465$174
41 years$3,403$2,115$1,268$739$422$153
42 years$3,285$2,014$1,190$682$383$135
43 years$3,172$1,919$1,116$630$347$119
44 years$3,065$1,830$1,048$581$315$104
45 years$2,963$1,745$984$537$286$92
46 years$2,866$1,664$924$496$260$81
47 years$2,774$1,588$868$458$236$71
48 years$2,685$1,516$816$423$214$63
49 years$2,600$1,448$767$391$195$55
50 years$2,519$1,383$721$362$177$49

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 $4,341 every year, while hoping to spend $39,558 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: 39/39/22 Blend
71$2,580,000$2,580,000$2,580,000$2,580,000
72$2,847,638$2,710,898$2,670,908$2,939,901
73$3,096,007$2,801,642$2,718,294$3,097,629
74$3,368,385$2,895,508$2,765,941$3,264,014
75$3,667,177$2,992,605$2,813,818$3,443,129
76$3,995,036$3,093,049$2,861,887$3,636,152
77$4,354,881$3,196,960$2,910,112$3,844,378
78$4,749,930$3,304,461$2,958,451$4,069,232
79$5,183,725$3,415,682$3,006,861$4,312,280
80$5,660,170$3,530,756$3,055,297$4,575,243
81$6,183,565$3,649,821$3,103,707$4,860,015
82$6,758,648$3,773,021$3,152,040$5,168,678
83$7,390,636$3,900,505$3,200,240$5,503,525
84$8,085,279$4,032,428$3,248,246$5,867,074
85$8,848,911$4,168,951$3,295,996$6,262,101
86$9,688,510$4,310,239$3,343,421$6,691,657
87$10,611,764$4,456,466$3,390,452$7,159,101
88$11,627,142$4,607,812$3,437,011$7,668,129
89$12,743,979$4,764,463$3,483,018$8,222,811
90$13,972,555$4,926,612$3,528,389$8,827,625
91$15,324,199$5,094,459$3,573,034$9,487,503
92$16,811,394$5,268,215$3,616,858$10,207,873
93$18,447,893$5,448,094$3,659,759$10,994,711
94$20,248,850$5,634,322$3,701,633$11,854,598
95$22,230,961$5,827,133$3,742,366$12,794,780
96$24,412,625$6,026,768$3,781,841$13,823,237
97$26,814,112$6,233,479$3,819,933$14,948,757
98$29,457,761$6,447,529$3,856,509$16,181,015
99$32,368,182$6,669,188$3,891,432$17,530,670
100$35,572,498$6,898,739$3,924,556$19,009,460