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%12.1%
1 years$215,531$213,612$211,738$209,910$208,125$206,295
2 years$106,699$104,712$102,786$100,918$99,107$97,263
3 years$70,426$68,430$66,509$64,659$62,878$61,077
4 years$52,293$50,303$48,402$46,583$44,845$43,101
5 years$41,416$39,438$37,562$35,781$34,090$32,408
6 years$34,167$32,204$30,355$28,614$26,975$25,357
7 years$28,992$27,045$25,225$23,525$21,938$20,385
8 years$25,112$23,183$21,393$19,735$18,199$16,711
9 years$22,095$20,185$18,426$16,810$15,326$13,903
10 years$19,684$17,792$16,064$14,490$13,059$11,699
11 years$17,712$15,839$14,143$12,611$11,231$9,934
12 years$16,070$14,216$12,551$11,061$9,733$8,496
13 years$14,682$12,847$11,214$9,765$8,487$7,311
14 years$13,493$11,678$10,076$8,669$7,440$6,322
15 years$12,463$10,668$9,097$7,731$6,550$5,489
16 years$11,563$9,788$8,248$6,922$5,789$4,783
17 years$10,770$9,014$7,505$6,220$5,133$4,180
18 years$10,066$8,329$6,851$5,605$4,564$3,663
19 years$9,436$7,720$6,272$5,065$4,068$3,217
20 years$8,871$7,173$5,756$4,587$3,634$2,830
21 years$8,359$6,682$5,294$4,163$3,252$2,494
22 years$7,895$6,237$4,880$3,785$2,915$2,201
23 years$7,472$5,834$4,505$3,447$2,617$1,945
24 years$7,085$5,466$4,167$3,144$2,352$1,721
25 years$6,729$5,129$3,859$2,871$2,116$1,524
26 years$6,401$4,821$3,579$2,625$1,906$1,350
27 years$6,098$4,537$3,324$2,403$1,719$1,197
28 years$5,817$4,275$3,090$2,202$1,551$1,063
29 years$5,556$4,033$2,875$2,019$1,400$944
30 years$5,313$3,809$2,678$1,853$1,265$838
31 years$5,086$3,600$2,497$1,702$1,144$745
32 years$4,873$3,407$2,330$1,564$1,035$663
33 years$4,674$3,226$2,175$1,438$936$589
34 years$4,487$3,058$2,032$1,323$848$524
35 years$4,311$2,900$1,900$1,218$768$467
36 years$4,145$2,753$1,778$1,122$696$416
37 years$3,989$2,615$1,664$1,034$631$370
38 years$3,841$2,485$1,558$953$572$330
39 years$3,701$2,363$1,460$879$518$294
40 years$3,568$2,248$1,368$810$470$262
41 years$3,442$2,140$1,283$748$427$233
42 years$3,323$2,038$1,203$690$387$208
43 years$3,209$1,942$1,129$637$351$185
44 years$3,101$1,851$1,060$588$319$165
45 years$2,998$1,765$995$543$290$147
46 years$2,900$1,684$935$502$263$131
47 years$2,806$1,607$878$463$239$117
48 years$2,716$1,534$825$428$217$104
49 years$2,630$1,465$776$396$197$93
50 years$2,548$1,399$729$366$179$83

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 $4,008 every year, while hoping to spend $23,172 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: 67/13/20 Blend
71$2,610,000$2,610,000$2,610,000$2,610,000
72$2,880,354$2,742,024$2,701,569$3,058,688
73$3,149,496$2,851,729$2,767,417$3,288,321
74$3,445,313$2,966,032$2,834,694$3,536,292
75$3,770,502$3,085,135$2,903,424$3,806,906
76$4,128,034$3,209,248$2,973,630$4,102,390
77$4,521,183$3,338,590$3,045,335$4,425,196
78$4,953,553$3,473,390$3,118,563$4,778,023
79$5,429,118$3,613,889$3,193,338$5,163,841
80$5,952,255$3,760,337$3,269,682$5,585,922
81$6,527,787$3,912,995$3,347,618$6,047,867
82$7,161,029$4,072,139$3,427,171$6,553,641
83$7,857,834$4,238,054$3,508,361$7,107,612
84$8,624,654$4,411,040$3,591,212$7,714,587
85$9,468,598$4,591,410$3,675,747$8,379,864
86$10,397,497$4,779,491$3,761,986$9,109,273
87$11,419,981$4,975,626$3,849,953$9,909,239
88$12,545,560$5,180,172$3,939,667$10,786,834
89$13,784,711$5,393,505$4,031,150$11,749,852
90$15,148,981$5,616,015$4,124,422$12,806,873
91$16,651,090$5,848,113$4,219,503$13,967,352
92$18,305,056$6,090,226$4,316,412$15,241,700
93$20,126,327$6,342,803$4,415,167$16,641,388
94$22,131,924$6,606,311$4,515,787$18,179,051
95$24,340,603$6,881,243$4,618,288$19,868,607
96$26,773,029$7,168,109$4,722,686$21,725,389
97$29,451,979$7,467,447$4,828,996$23,766,288
98$32,402,546$7,779,817$4,937,233$26,009,914
99$35,652,385$8,105,807$5,047,410$28,476,766
100$39,231,968$8,446,032$5,159,538$31,189,430