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%12.5%
1 years$218,009$216,067$214,172$212,323$210,517$208,319
2 years$107,925$105,915$103,967$102,078$100,246$98,032
3 years$71,235$69,217$67,274$65,403$63,600$61,440
4 years$52,894$50,882$48,958$47,119$45,360$43,269
5 years$41,892$39,892$37,993$36,192$34,482$32,467
6 years$34,560$32,575$30,704$28,943$27,285$25,348
7 years$29,325$27,356$25,515$23,796$22,190$20,333
8 years$25,400$23,449$21,639$19,961$18,408$16,631
9 years$22,349$20,417$18,638$17,003$15,503$13,803
10 years$19,910$17,996$16,249$14,657$13,209$11,587
11 years$17,916$16,021$14,305$12,756$11,360$9,814
12 years$16,255$14,380$12,695$11,188$9,844$8,373
13 years$14,850$12,995$11,343$9,878$8,585$7,186
14 years$13,648$11,812$10,191$8,768$7,525$6,198
15 years$12,606$10,791$9,201$7,820$6,626$5,367
16 years$11,696$9,900$8,342$7,002$5,856$4,664
17 years$10,894$9,118$7,591$6,291$5,192$4,065
18 years$10,181$8,425$6,930$5,669$4,617$3,552
19 years$9,545$7,808$6,344$5,123$4,115$3,110
20 years$8,973$7,256$5,822$4,640$3,676$2,728
21 years$8,455$6,759$5,355$4,211$3,289$2,397
22 years$7,986$6,309$4,936$3,829$2,948$2,109
23 years$7,558$5,901$4,557$3,487$2,647$1,858
24 years$7,166$5,528$4,215$3,180$2,379$1,639
25 years$6,806$5,188$3,904$2,904$2,141$1,446
26 years$6,475$4,876$3,620$2,656$1,928$1,278
27 years$6,168$4,589$3,362$2,431$1,738$1,130
28 years$5,884$4,324$3,125$2,227$1,569$999
29 years$5,620$4,079$2,908$2,042$1,416$885
30 years$5,374$3,852$2,709$1,874$1,280$783
31 years$5,144$3,642$2,526$1,721$1,157$694
32 years$4,929$3,446$2,356$1,582$1,047$615
33 years$4,728$3,263$2,200$1,455$947$545
34 years$4,539$3,093$2,056$1,339$858$484
35 years$4,361$2,934$1,922$1,232$777$429
36 years$4,193$2,784$1,798$1,135$704$381
37 years$4,035$2,645$1,683$1,046$638$338
38 years$3,885$2,513$1,576$964$578$300
39 years$3,743$2,390$1,476$889$524$266
40 years$3,609$2,274$1,384$820$476$236
41 years$3,482$2,164$1,298$756$432$210
42 years$3,361$2,061$1,217$698$392$186
43 years$3,246$1,964$1,142$644$355$166
44 years$3,137$1,872$1,072$595$323$147
45 years$3,032$1,785$1,007$549$293$131
46 years$2,933$1,703$946$507$266$116
47 years$2,838$1,625$888$469$241$103
48 years$2,747$1,551$835$433$219$92
49 years$2,661$1,482$785$400$199$81
50 years$2,578$1,415$738$370$181$72

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 $2,141 every year, while hoping to spend $26,720 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: 27/44/29 Blend
71$2,640,000$2,640,000$2,640,000$2,640,000
72$2,911,488$2,771,568$2,730,648$2,963,816
73$3,180,030$2,878,945$2,793,695$3,113,977
74$3,475,068$2,990,688$2,857,959$3,272,652
75$3,799,276$3,106,983$2,923,451$3,442,477
76$4,155,600$3,228,023$2,990,185$3,624,422
77$4,547,286$3,354,011$3,058,171$3,819,550
78$4,977,911$3,485,159$3,127,421$4,029,025
79$5,451,413$3,621,687$3,197,945$4,254,126
80$5,972,134$3,763,827$3,269,753$4,496,252
81$6,544,856$3,911,819$3,342,854$4,756,942
82$7,174,848$4,065,914$3,417,256$5,037,881
83$7,867,915$4,226,377$3,492,967$5,340,920
84$8,630,454$4,393,480$3,569,993$5,668,092
85$9,469,512$4,567,513$3,648,339$6,021,628
86$10,392,854$4,748,773$3,728,011$6,403,977
87$11,409,037$4,937,575$3,809,011$6,817,831
88$12,527,489$5,134,246$3,891,343$7,266,148
89$13,758,597$5,339,128$3,975,007$7,752,176
90$15,113,806$5,552,578$4,060,002$8,279,486
91$16,605,730$5,774,970$4,146,328$8,852,003
92$18,248,265$6,006,694$4,233,980$9,474,040
93$20,056,724$6,248,158$4,322,954$10,150,341
94$22,047,980$6,499,788$4,413,244$10,886,121
95$24,240,628$6,762,031$4,504,841$11,687,116
96$26,655,153$7,035,352$4,597,735$12,559,634
97$29,314,132$7,320,238$4,691,913$13,510,612
98$32,242,443$7,617,198$4,787,360$14,547,685
99$35,467,496$7,926,765$4,884,061$15,679,248
100$39,019,499$8,249,495$4,981,995$16,914,540