Can I retire at age 72 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$220,486$218,522$216,606$214,736$212,910$208,611
2 years$109,152$107,119$105,149$103,238$101,385$97,073
3 years$72,045$70,003$68,038$66,146$64,323$60,132
4 years$53,495$51,460$49,514$47,654$45,876$41,838
5 years$42,368$40,345$38,425$36,603$34,874$31,002
6 years$34,953$32,945$31,053$29,272$27,595$23,891
7 years$29,658$27,667$25,805$24,066$22,442$18,908
8 years$25,689$23,716$21,885$20,188$18,618$15,253
9 years$22,603$20,649$18,850$17,196$15,679$12,481
10 years$20,136$18,201$16,433$14,823$13,359$10,325
11 years$18,119$16,203$14,468$12,901$11,489$8,615
12 years$16,439$14,543$12,840$11,316$9,956$7,238
13 years$15,019$13,143$11,471$9,990$8,682$6,114
14 years$13,803$11,946$10,307$8,868$7,611$5,189
15 years$12,750$10,913$9,306$7,909$6,701$4,420
16 years$11,829$10,013$8,437$7,081$5,922$3,778
17 years$11,018$9,221$7,678$6,362$5,251$3,237
18 years$10,297$8,521$7,009$5,734$4,669$2,779
19 years$9,653$7,897$6,416$5,181$4,162$2,391
20 years$9,074$7,338$5,888$4,692$3,717$2,061
21 years$8,552$6,835$5,416$4,259$3,327$1,778
22 years$8,077$6,381$4,992$3,872$2,982$1,536
23 years$7,644$5,968$4,609$3,526$2,677$1,328
24 years$7,248$5,591$4,263$3,216$2,406$1,150
25 years$6,884$5,247$3,948$2,937$2,165$996
26 years$6,548$4,931$3,662$2,686$1,950$863
27 years$6,238$4,641$3,400$2,458$1,758$749
28 years$5,951$4,373$3,161$2,252$1,586$649
29 years$5,684$4,126$2,941$2,065$1,432$564
30 years$5,435$3,896$2,740$1,896$1,294$489
31 years$5,203$3,683$2,554$1,741$1,170$425
32 years$4,985$3,485$2,383$1,600$1,059$369
33 years$4,782$3,300$2,225$1,471$958$321
34 years$4,590$3,128$2,079$1,354$867$279
35 years$4,410$2,967$1,944$1,246$786$242
36 years$4,241$2,816$1,818$1,148$712$211
37 years$4,080$2,675$1,702$1,057$645$183
38 years$3,929$2,542$1,594$975$585$159
39 years$3,786$2,417$1,493$899$530$139
40 years$3,650$2,300$1,400$829$481$121
41 years$3,522$2,189$1,312$765$436$105
42 years$3,399$2,085$1,231$706$396$91
43 years$3,283$1,986$1,155$652$359$79
44 years$3,172$1,893$1,084$602$326$69
45 years$3,067$1,806$1,018$556$296$60
46 years$2,966$1,722$956$513$269$52
47 years$2,870$1,644$898$474$244$46
48 years$2,779$1,569$844$438$222$40
49 years$2,691$1,498$794$405$201$34
50 years$2,607$1,431$746$374$183$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,670,000, adding $3,376 every year, while hoping to spend $33,511 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: 29/43/28 Blend
71$2,670,000$2,670,000$2,670,000$2,670,000
72$2,945,822$2,804,312$2,762,927$3,005,694
73$3,210,641$2,906,068$2,819,830$3,155,040
74$3,501,348$3,011,687$2,877,516$3,312,346
75$3,820,548$3,121,323$2,935,975$3,480,796
76$4,171,112$3,235,135$2,995,198$3,661,376
77$4,556,200$3,353,292$3,055,173$3,855,169
78$4,979,296$3,475,967$3,115,885$4,063,362
79$5,444,237$3,603,342$3,177,319$4,287,259
80$5,955,248$3,735,605$3,239,459$4,528,291
81$6,516,987$3,872,953$3,302,284$4,788,030
82$7,134,584$4,015,592$3,365,775$5,068,201
83$7,813,692$4,163,736$3,429,908$5,370,701
84$8,560,536$4,317,607$3,494,658$5,697,614
85$9,381,979$4,477,438$3,559,998$6,051,229
86$10,285,580$4,643,471$3,625,896$6,434,061
87$11,279,667$4,815,959$3,692,322$6,848,879
88$12,373,417$4,995,165$3,759,239$7,298,723
89$13,576,941$5,181,364$3,826,609$7,786,936
90$14,901,380$5,374,842$3,894,391$8,317,198
91$16,359,009$5,575,897$3,962,541$8,893,553
92$17,963,353$5,784,841$4,031,011$9,520,449
93$19,729,316$6,001,999$4,099,751$10,202,782
94$21,673,318$6,227,709$4,168,704$10,945,936
95$23,813,454$6,462,324$4,237,814$11,755,837
96$26,169,662$6,706,214$4,307,016$12,639,005
97$28,763,911$6,959,762$4,376,245$13,602,614
98$31,620,410$7,223,370$4,445,428$14,654,561
99$34,765,832$7,497,455$4,514,491$15,803,539
100$38,229,572$7,782,456$4,583,351$17,059,114