Can I retire at age 72 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$218,009$216,067$214,172$212,323$210,517$205,595
2 years$107,925$105,915$103,967$102,078$100,246$95,315
3 years$71,235$69,217$67,274$65,403$63,600$58,815
4 years$52,894$50,882$48,958$47,119$45,360$40,757
5 years$41,892$39,892$37,993$36,192$34,482$30,073
6 years$34,560$32,575$30,704$28,943$27,285$23,075
7 years$29,325$27,356$25,515$23,796$22,190$18,180
8 years$25,400$23,449$21,639$19,961$18,408$14,598
9 years$22,349$20,417$18,638$17,003$15,503$11,887
10 years$19,910$17,996$16,249$14,657$13,209$9,785
11 years$17,916$16,021$14,305$12,756$11,360$8,123
12 years$16,255$14,380$12,695$11,188$9,844$6,789
13 years$14,850$12,995$11,343$9,878$8,585$5,705
14 years$13,648$11,812$10,191$8,768$7,525$4,815
15 years$12,606$10,791$9,201$7,820$6,626$4,079
16 years$11,696$9,900$8,342$7,002$5,856$3,466
17 years$10,894$9,118$7,591$6,291$5,192$2,953
18 years$10,181$8,425$6,930$5,669$4,617$2,521
19 years$9,545$7,808$6,344$5,123$4,115$2,156
20 years$8,973$7,256$5,822$4,640$3,676$1,847
21 years$8,455$6,759$5,355$4,211$3,289$1,584
22 years$7,986$6,309$4,936$3,829$2,948$1,360
23 years$7,558$5,901$4,557$3,487$2,647$1,169
24 years$7,166$5,528$4,215$3,180$2,379$1,005
25 years$6,806$5,188$3,904$2,904$2,141$865
26 years$6,475$4,876$3,620$2,656$1,928$745
27 years$6,168$4,589$3,362$2,431$1,738$642
28 years$5,884$4,324$3,125$2,227$1,569$553
29 years$5,620$4,079$2,908$2,042$1,416$477
30 years$5,374$3,852$2,709$1,874$1,280$412
31 years$5,144$3,642$2,526$1,721$1,157$355
32 years$4,929$3,446$2,356$1,582$1,047$306
33 years$4,728$3,263$2,200$1,455$947$265
34 years$4,539$3,093$2,056$1,339$858$228
35 years$4,361$2,934$1,922$1,232$777$197
36 years$4,193$2,784$1,798$1,135$704$170
37 years$4,035$2,645$1,683$1,046$638$147
38 years$3,885$2,513$1,576$964$578$127
39 years$3,743$2,390$1,476$889$524$110
40 years$3,609$2,274$1,384$820$476$95
41 years$3,482$2,164$1,298$756$432$82
42 years$3,361$2,061$1,217$698$392$71
43 years$3,246$1,964$1,142$644$355$61
44 years$3,137$1,872$1,072$595$323$53
45 years$3,032$1,785$1,007$549$293$46
46 years$2,933$1,703$946$507$266$39
47 years$2,838$1,625$888$469$241$34
48 years$2,747$1,551$835$433$219$29
49 years$2,661$1,482$785$400$199$25
50 years$2,578$1,415$738$370$181$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,640,000, adding $3,163 every year, while hoping to spend $38,616 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: 67/17/16 Blend
71$2,640,000$2,640,000$2,640,000$2,640,000
72$2,912,543$2,772,623$2,731,703$3,096,335
73$3,168,535$2,867,394$2,782,128$3,314,221
74$3,449,344$2,965,515$2,832,947$3,547,562
75$3,757,461$3,067,109$2,884,135$3,801,748
76$4,095,628$3,172,304$2,935,660$4,078,823
77$4,466,868$3,281,233$2,987,491$4,381,037
78$4,874,510$3,394,034$3,039,592$4,710,867
79$5,322,220$3,510,851$3,091,928$5,071,039
80$5,814,037$3,631,834$3,144,459$5,464,556
81$6,354,411$3,757,136$3,197,141$5,894,724
82$6,948,245$3,886,920$3,249,929$6,365,185
83$7,600,939$4,021,352$3,302,774$6,879,947
84$8,318,442$4,160,606$3,355,625$7,443,426
85$9,107,311$4,304,863$3,408,426$8,060,486
86$9,974,767$4,454,311$3,461,118$8,736,481
87$10,928,766$4,609,145$3,513,639$9,477,312
88$11,978,075$4,769,568$3,565,920$10,289,476
89$13,132,352$4,935,791$3,617,893$11,180,131
90$14,402,241$5,108,033$3,669,480$12,157,161
91$15,799,465$5,286,522$3,720,603$13,229,251
92$17,336,944$5,471,496$3,771,177$14,405,968
93$19,028,912$5,663,199$3,821,112$15,697,852
94$20,891,055$5,861,890$3,870,313$17,116,512
95$22,940,655$6,067,834$3,918,681$18,674,741
96$25,196,752$6,281,309$3,966,107$20,386,630
97$27,680,331$6,502,603$4,012,482$22,267,703
98$30,414,510$6,732,016$4,057,685$24,335,067
99$33,424,765$6,969,859$4,101,592$26,607,564
100$36,739,167$7,216,459$4,144,072$29,105,958