Can I retire at age 72 with 2,630,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$217,183$215,248$213,361$211,519$209,720$202,925
2 years$107,516$105,514$103,573$101,692$99,867$93,085
3 years$70,966$68,955$67,019$65,155$63,359$56,804
4 years$52,694$50,689$48,773$46,940$45,189$38,909
5 years$41,734$39,741$37,849$36,055$34,352$28,364
6 years$34,429$32,451$30,588$28,833$27,181$21,492
7 years$29,214$27,253$25,419$23,705$22,106$16,713
8 years$25,304$23,360$21,557$19,886$18,339$13,240
9 years$22,265$20,339$18,567$16,938$15,444$10,632
10 years$19,835$17,928$16,187$14,601$13,159$8,627
11 years$17,848$15,960$14,251$12,707$11,317$7,057
12 years$16,193$14,325$12,647$11,146$9,807$5,809
13 years$14,794$12,946$11,300$9,840$8,552$4,807
14 years$13,596$11,767$10,153$8,735$7,497$3,993
15 years$12,559$10,750$9,167$7,790$6,601$3,329
16 years$11,652$9,863$8,311$6,975$5,834$2,782
17 years$10,853$9,083$7,563$6,267$5,173$2,331
18 years$10,143$8,393$6,904$5,648$4,599$1,956
19 years$9,509$7,779$6,320$5,103$4,099$1,644
20 years$8,939$7,228$5,800$4,622$3,662$1,384
21 years$8,423$6,733$5,335$4,195$3,277$1,166
22 years$7,956$6,285$4,917$3,814$2,937$983
23 years$7,529$5,878$4,540$3,474$2,637$830
24 years$7,139$5,508$4,199$3,168$2,370$701
25 years$6,781$5,169$3,889$2,893$2,132$592
26 years$6,450$4,858$3,607$2,645$1,921$501
27 years$6,145$4,572$3,349$2,421$1,732$423
28 years$5,862$4,308$3,113$2,219$1,563$358
29 years$5,599$4,064$2,897$2,035$1,411$303
30 years$5,354$3,838$2,699$1,867$1,275$257
31 years$5,125$3,628$2,516$1,715$1,153$217
32 years$4,911$3,433$2,347$1,576$1,043$184
33 years$4,710$3,251$2,192$1,449$944$156
34 years$4,521$3,081$2,048$1,333$854$132
35 years$4,344$2,922$1,915$1,227$774$112
36 years$4,177$2,774$1,791$1,130$701$95
37 years$4,019$2,635$1,676$1,042$635$80
38 years$3,870$2,504$1,570$960$576$68
39 years$3,729$2,381$1,471$885$522$58
40 years$3,596$2,265$1,379$816$474$49
41 years$3,469$2,156$1,293$753$430$41
42 years$3,348$2,054$1,213$695$390$35
43 years$3,234$1,957$1,138$642$354$30
44 years$3,125$1,865$1,068$593$321$25
45 years$3,021$1,778$1,003$547$292$21
46 years$2,922$1,697$942$506$265$18
47 years$2,827$1,619$885$467$241$15
48 years$2,737$1,546$832$432$218$13
49 years$2,650$1,476$782$399$198$11
50 years$2,568$1,410$735$369$180$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,630,000, adding $2,510 every year, while hoping to spend $49,673 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: 85/8/7 Blend
71$2,630,000$2,630,000$2,630,000$2,630,000
72$2,900,849$2,761,459$2,720,694$3,145,555
73$3,143,884$2,843,919$2,758,986$3,388,050
74$3,410,044$2,928,754$2,796,895$3,647,378
75$3,701,634$3,016,030$2,834,357$3,930,705
76$4,021,196$3,105,810$2,871,303$4,240,411
77$4,371,526$3,198,162$2,907,659$4,579,115
78$4,755,704$3,293,155$2,943,349$4,949,704
79$5,177,125$3,390,859$2,978,290$5,355,356
80$5,639,525$3,491,344$3,012,396$5,799,573
81$6,147,022$3,594,685$3,045,577$6,286,210
82$6,704,149$3,700,956$3,077,735$6,819,515
83$7,315,903$3,810,234$3,108,770$7,404,165
84$7,987,786$3,922,595$3,138,574$8,045,314
85$8,725,858$4,038,121$3,167,035$8,748,639
86$9,536,799$4,156,892$3,194,034$9,520,392
87$10,427,964$4,278,992$3,219,445$10,367,463
88$11,407,458$4,404,504$3,243,138$11,297,441
89$12,484,210$4,533,515$3,264,974$12,318,687
90$13,668,055$4,666,114$3,284,807$13,440,411
91$14,969,832$4,802,389$3,302,484$14,672,763
92$16,401,481$4,942,432$3,317,843$16,026,923
93$17,976,157$5,086,336$3,330,715$17,515,209
94$19,708,355$5,234,196$3,340,924$19,151,192
95$21,614,043$5,386,107$3,348,281$20,949,828
96$23,710,817$5,542,169$3,352,590$22,927,592
97$26,018,066$5,702,480$3,353,647$25,102,637
98$28,557,149$5,867,142$3,351,234$27,494,965
99$31,351,603$6,036,257$3,345,126$30,126,617
100$34,427,363$6,209,930$3,335,084$33,021,876