Can I retire at age 72 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$215,531$213,612$211,738$209,910$208,125$205,354
2 years$106,699$104,712$102,786$100,918$99,107$96,320
3 years$70,426$68,430$66,509$64,659$62,878$60,161
4 years$52,293$50,303$48,402$46,583$44,845$42,219
5 years$41,416$39,438$37,562$35,781$34,090$31,564
6 years$34,167$32,204$30,355$28,614$26,975$24,550
7 years$28,992$27,045$25,225$23,525$21,938$19,615
8 years$25,112$23,183$21,393$19,735$18,199$15,980
9 years$22,095$20,185$18,426$16,810$15,326$13,208
10 years$19,684$17,792$16,064$14,490$13,059$11,041
11 years$17,712$15,839$14,143$12,611$11,231$9,311
12 years$16,070$14,216$12,551$11,061$9,733$7,909
13 years$14,682$12,847$11,214$9,765$8,487$6,757
14 years$13,493$11,678$10,076$8,669$7,440$5,800
15 years$12,463$10,668$9,097$7,731$6,550$4,999
16 years$11,563$9,788$8,248$6,922$5,789$4,323
17 years$10,770$9,014$7,505$6,220$5,133$3,749
18 years$10,066$8,329$6,851$5,605$4,564$3,260
19 years$9,436$7,720$6,272$5,065$4,068$2,840
20 years$8,871$7,173$5,756$4,587$3,634$2,478
21 years$8,359$6,682$5,294$4,163$3,252$2,166
22 years$7,895$6,237$4,880$3,785$2,915$1,896
23 years$7,472$5,834$4,505$3,447$2,617$1,661
24 years$7,085$5,466$4,167$3,144$2,352$1,457
25 years$6,729$5,129$3,859$2,871$2,116$1,279
26 years$6,401$4,821$3,579$2,625$1,906$1,124
27 years$6,098$4,537$3,324$2,403$1,719$988
28 years$5,817$4,275$3,090$2,202$1,551$869
29 years$5,556$4,033$2,875$2,019$1,400$765
30 years$5,313$3,809$2,678$1,853$1,265$674
31 years$5,086$3,600$2,497$1,702$1,144$593
32 years$4,873$3,407$2,330$1,564$1,035$523
33 years$4,674$3,226$2,175$1,438$936$461
34 years$4,487$3,058$2,032$1,323$848$406
35 years$4,311$2,900$1,900$1,218$768$358
36 years$4,145$2,753$1,778$1,122$696$316
37 years$3,989$2,615$1,664$1,034$631$279
38 years$3,841$2,485$1,558$953$572$246
39 years$3,701$2,363$1,460$879$518$217
40 years$3,568$2,248$1,368$810$470$192
41 years$3,442$2,140$1,283$748$427$169
42 years$3,323$2,038$1,203$690$387$149
43 years$3,209$1,942$1,129$637$351$132
44 years$3,101$1,851$1,060$588$319$116
45 years$2,998$1,765$995$543$290$103
46 years$2,900$1,684$935$502$263$91
47 years$2,806$1,607$878$463$239$80
48 years$2,716$1,534$825$428$217$71
49 years$2,630$1,465$776$396$197$62
50 years$2,548$1,399$729$366$179$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,610,000, adding $3,997 every year, while hoping to spend $53,851 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: 58/26/16 Blend
71$2,610,000$2,610,000$2,610,000$2,610,000
72$2,880,343$2,742,013$2,701,558$3,035,268
73$3,116,841$2,819,074$2,734,763$3,217,682
74$3,375,657$2,898,107$2,767,276$3,410,177
75$3,659,010$2,979,151$2,799,016$3,618,782
76$3,969,345$3,062,245$2,829,899$3,845,054
77$4,309,354$3,147,431$2,859,836$4,090,710
78$4,682,000$3,234,747$2,888,732$4,357,642
79$5,090,548$3,324,233$2,916,489$4,647,929
80$5,538,594$3,415,931$2,943,002$4,963,864
81$6,030,099$3,509,880$2,968,160$5,307,971
82$6,569,423$3,606,119$2,991,848$5,683,030
83$7,161,373$3,704,687$3,013,944$6,092,102
84$7,811,241$3,805,625$3,034,319$6,538,560
85$8,524,857$3,908,969$3,052,837$7,026,119
86$9,308,642$4,014,759$3,069,358$7,558,871
87$10,169,673$4,123,031$3,083,731$8,141,323
88$11,115,743$4,233,823$3,095,799$8,778,441
89$12,155,438$4,347,170$3,105,397$9,475,696
90$13,298,217$4,463,105$3,112,352$10,239,114
91$14,554,502$4,581,664$3,116,483$11,075,336
92$15,935,773$4,702,878$3,117,598$11,991,678
93$17,454,681$4,826,778$3,115,496$12,996,199
94$19,125,162$4,953,393$3,109,968$14,097,782
95$20,962,569$5,082,751$3,100,793$15,306,211
96$22,983,822$5,214,876$3,087,740$16,632,268
97$25,207,559$5,349,792$3,070,567$18,087,833
98$27,654,318$5,487,520$3,049,018$19,685,998
99$30,346,727$5,628,077$3,022,829$21,441,186
100$33,309,719$5,771,479$2,991,720$23,369,291