Can I retire at age 72 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$213,880$211,975$210,116$208,302$206,530$198,493
2 years$105,881$103,909$101,998$100,145$98,348$90,347
3 years$69,886$67,906$65,999$64,164$62,396$54,684
4 years$51,892$49,918$48,031$46,226$44,501$37,137
5 years$41,099$39,136$37,274$35,506$33,829$26,831
6 years$33,905$31,958$30,123$28,395$26,768$20,141
7 years$28,769$26,838$25,032$23,345$21,769$15,511
8 years$24,919$23,005$21,229$19,583$18,060$12,164
9 years$21,926$20,030$18,285$16,681$15,209$9,667
10 years$19,533$17,656$15,941$14,379$12,959$7,761
11 years$17,576$15,718$14,034$12,514$11,145$6,278
12 years$15,947$14,107$12,455$10,976$9,658$5,110
13 years$14,569$12,749$11,128$9,691$8,422$4,179
14 years$13,389$11,588$9,998$8,602$7,383$3,431
15 years$12,368$10,586$9,027$7,672$6,500$2,826
16 years$11,475$9,713$8,184$6,869$5,745$2,333
17 years$10,688$8,945$7,448$6,172$5,094$1,930
18 years$9,989$8,266$6,799$5,562$4,529$1,599
19 years$9,364$7,660$6,224$5,026$4,037$1,327
20 years$8,803$7,118$5,712$4,552$3,606$1,103
21 years$8,295$6,631$5,254$4,131$3,227$917
22 years$7,835$6,189$4,842$3,756$2,892$763
23 years$7,415$5,789$4,471$3,421$2,596$635
24 years$7,030$5,424$4,135$3,120$2,334$529
25 years$6,677$5,090$3,830$2,849$2,100$441
26 years$6,352$4,784$3,552$2,605$1,892$368
27 years$6,051$4,502$3,298$2,385$1,705$307
28 years$5,773$4,242$3,066$2,185$1,539$256
29 years$5,513$4,002$2,853$2,004$1,390$214
30 years$5,272$3,780$2,658$1,839$1,256$178
31 years$5,047$3,573$2,478$1,689$1,135$149
32 years$4,836$3,381$2,312$1,552$1,027$124
33 years$4,638$3,202$2,159$1,427$929$104
34 years$4,453$3,034$2,017$1,313$841$87
35 years$4,278$2,878$1,886$1,209$762$72
36 years$4,114$2,732$1,764$1,113$690$60
37 years$3,958$2,594$1,651$1,026$626$50
38 years$3,811$2,466$1,546$945$567$42
39 years$3,673$2,345$1,448$872$514$35
40 years$3,541$2,231$1,358$804$467$29
41 years$3,416$2,123$1,273$742$423$25
42 years$3,297$2,022$1,194$685$384$21
43 years$3,185$1,927$1,121$632$349$17
44 years$3,077$1,837$1,052$584$316$14
45 years$2,975$1,751$988$539$287$12
46 years$2,877$1,671$928$498$261$10
47 years$2,784$1,594$871$460$237$8
48 years$2,695$1,522$819$425$215$7
49 years$2,610$1,454$770$393$195$6
50 years$2,529$1,388$724$363$177$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,590,000, adding $6,884 every year, while hoping to spend $36,005 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: 57/22/21 Blend
71$2,590,000$2,590,000$2,590,000$2,590,000
72$2,861,281$2,724,011$2,683,866$3,007,886
73$3,114,822$2,819,178$2,735,466$3,203,756
74$3,393,019$2,917,802$2,787,589$3,412,667
75$3,698,346$3,020,014$2,840,212$3,639,559
76$4,033,533$3,125,950$2,893,315$3,886,174
77$4,401,584$3,235,753$2,946,872$4,154,427
78$4,805,811$3,349,570$3,000,857$4,446,425
79$5,249,859$3,467,555$3,055,242$4,764,488
80$5,737,747$3,589,867$3,109,995$5,111,171
81$6,273,901$3,716,674$3,165,083$5,489,285
82$6,863,195$3,848,147$3,220,469$5,901,924
83$7,511,002$3,984,467$3,276,116$6,352,496
84$8,223,240$4,125,822$3,331,982$6,844,752
85$9,006,428$4,272,405$3,388,021$7,382,825
86$9,867,751$4,424,421$3,444,188$7,971,261
87$10,815,124$4,582,079$3,500,429$8,615,071
88$11,857,265$4,745,599$3,556,692$9,319,772
89$13,003,783$4,915,211$3,612,919$10,091,438
90$14,265,264$5,091,151$3,669,046$10,936,760
91$15,653,371$5,273,668$3,725,010$11,863,108
92$17,180,956$5,463,019$3,780,739$12,878,600
93$18,862,180$5,659,473$3,836,160$13,992,175
94$20,712,645$5,863,310$3,891,194$15,213,682
95$22,749,543$6,074,820$3,945,757$16,553,969
96$24,991,816$6,294,307$3,999,760$18,024,986
97$27,460,339$6,522,085$4,053,110$19,639,896
98$30,178,111$6,758,485$4,105,706$21,413,202
99$33,170,476$7,003,848$4,157,445$23,360,879
100$36,465,359$7,258,531$4,208,214$25,500,526