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%17.8%
1 years$218,009$216,067$214,172$212,323$210,517$203,860
2 years$107,925$105,915$103,967$102,078$100,246$93,600
3 years$71,235$69,217$67,274$65,403$63,600$57,173
4 years$52,894$50,882$48,958$47,119$45,360$39,201
5 years$41,892$39,892$37,993$36,192$34,482$28,608
6 years$34,560$32,575$30,704$28,943$27,285$21,700
7 years$29,325$27,356$25,515$23,796$22,190$16,894
8 years$25,400$23,449$21,639$19,961$18,408$13,399
9 years$22,349$20,417$18,638$17,003$15,503$10,773
10 years$19,910$17,996$16,249$14,657$13,209$8,753
11 years$17,916$16,021$14,305$12,756$11,360$7,169
12 years$16,255$14,380$12,695$11,188$9,844$5,909
13 years$14,850$12,995$11,343$9,878$8,585$4,896
14 years$13,648$11,812$10,191$8,768$7,525$4,073
15 years$12,606$10,791$9,201$7,820$6,626$3,400
16 years$11,696$9,900$8,342$7,002$5,856$2,846
17 years$10,894$9,118$7,591$6,291$5,192$2,388
18 years$10,181$8,425$6,930$5,669$4,617$2,007
19 years$9,545$7,808$6,344$5,123$4,115$1,689
20 years$8,973$7,256$5,822$4,640$3,676$1,424
21 years$8,455$6,759$5,355$4,211$3,289$1,202
22 years$7,986$6,309$4,936$3,829$2,948$1,015
23 years$7,558$5,901$4,557$3,487$2,647$858
24 years$7,166$5,528$4,215$3,180$2,379$726
25 years$6,806$5,188$3,904$2,904$2,141$614
26 years$6,475$4,876$3,620$2,656$1,928$520
27 years$6,168$4,589$3,362$2,431$1,738$441
28 years$5,884$4,324$3,125$2,227$1,569$373
29 years$5,620$4,079$2,908$2,042$1,416$316
30 years$5,374$3,852$2,709$1,874$1,280$268
31 years$5,144$3,642$2,526$1,721$1,157$227
32 years$4,929$3,446$2,356$1,582$1,047$193
33 years$4,728$3,263$2,200$1,455$947$164
34 years$4,539$3,093$2,056$1,339$858$139
35 years$4,361$2,934$1,922$1,232$777$118
36 years$4,193$2,784$1,798$1,135$704$100
37 years$4,035$2,645$1,683$1,046$638$85
38 years$3,885$2,513$1,576$964$578$72
39 years$3,743$2,390$1,476$889$524$61
40 years$3,609$2,274$1,384$820$476$52
41 years$3,482$2,164$1,298$756$432$44
42 years$3,361$2,061$1,217$698$392$37
43 years$3,246$1,964$1,142$644$355$32
44 years$3,137$1,872$1,072$595$323$27
45 years$3,032$1,785$1,007$549$293$23
46 years$2,933$1,703$946$507$266$19
47 years$2,838$1,625$888$469$241$16
48 years$2,747$1,551$835$433$219$14
49 years$2,661$1,482$785$400$199$12
50 years$2,578$1,415$738$370$181$10

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 $4,237 every year, while hoping to spend $34,573 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: 59/36/5 Blend
71$2,640,000$2,640,000$2,640,000$2,640,000
72$2,913,650$2,773,730$2,732,810$3,082,739
73$3,174,057$2,872,858$2,787,574$3,295,587
74$3,459,867$2,975,684$2,843,014$3,523,203
75$3,773,634$3,082,353$2,899,115$3,770,484
76$4,118,173$3,193,016$2,955,863$4,039,318
77$4,496,582$3,307,830$3,013,241$4,331,776
78$4,912,278$3,426,958$3,071,229$4,650,142
79$5,369,021$3,550,570$3,129,806$4,996,922
80$5,870,957$3,678,843$3,188,950$5,374,879
81$6,422,650$3,811,962$3,248,635$5,787,049
82$7,029,131$3,950,119$3,308,835$6,236,773
83$7,695,941$4,093,513$3,369,520$6,727,729
84$8,429,186$4,242,354$3,430,658$7,263,963
85$9,235,592$4,396,858$3,492,214$7,849,929
86$10,122,570$4,557,252$3,554,150$8,490,530
87$11,098,285$4,723,771$3,616,428$9,191,161
88$12,171,735$4,896,660$3,679,003$9,957,763
89$13,352,832$5,076,176$3,741,829$10,796,874
90$14,652,497$5,262,586$3,804,857$11,715,694
91$16,082,765$5,456,165$3,868,033$12,722,150
92$17,656,895$5,657,206$3,931,300$13,824,969
93$19,389,498$5,866,008$3,994,598$15,033,762
94$21,296,672$6,082,887$4,057,862$16,359,110
95$23,396,154$6,308,171$4,121,023$17,812,669
96$25,707,492$6,542,201$4,184,007$19,407,270
97$28,252,221$6,785,334$4,246,736$21,157,048
98$31,054,073$7,037,941$4,309,127$23,077,569
99$34,139,199$7,300,410$4,371,093$25,185,977
100$37,536,411$7,573,145$4,432,539$27,501,154