Can I retire at age 72 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$222,138$220,159$218,229$216,344$214,504$211,561
2 years$109,969$107,921$105,936$104,012$102,145$99,185
3 years$72,585$70,528$68,548$66,641$64,805$61,920
4 years$53,896$51,845$49,885$48,011$46,219$43,432
5 years$42,686$40,647$38,713$36,877$35,135$32,453
6 years$35,215$33,192$31,286$29,491$27,801$25,228
7 years$29,880$27,874$25,999$24,246$22,610$20,146
8 years$25,881$23,893$22,049$20,340$18,757$16,403
9 years$22,773$20,803$18,991$17,325$15,796$13,550
10 years$20,287$18,337$16,557$14,934$13,459$11,319
11 years$18,255$16,325$14,576$12,997$11,575$9,540
12 years$16,562$14,652$12,936$11,400$10,031$8,098
13 years$15,132$13,241$11,557$10,065$8,747$6,914
14 years$13,906$12,036$10,384$8,934$7,668$5,931
15 years$12,845$10,995$9,376$7,968$6,751$5,108
16 years$11,918$10,088$8,500$7,134$5,967$4,415
17 years$11,100$9,290$7,735$6,410$5,291$3,826
18 years$10,374$8,585$7,061$5,777$4,704$3,324
19 years$9,726$7,956$6,464$5,220$4,193$2,894
20 years$9,142$7,393$5,932$4,728$3,745$2,523
21 years$8,616$6,887$5,457$4,291$3,352$2,204
22 years$8,137$6,428$5,029$3,901$3,004$1,928
23 years$7,701$6,012$4,644$3,553$2,697$1,688
24 years$7,302$5,633$4,295$3,240$2,424$1,479
25 years$6,935$5,286$3,978$2,959$2,181$1,298
26 years$6,597$4,968$3,689$2,706$1,965$1,139
27 years$6,285$4,676$3,426$2,477$1,771$1,001
28 years$5,995$4,406$3,185$2,269$1,598$879
29 years$5,726$4,157$2,963$2,081$1,443$773
30 years$5,476$3,925$2,760$1,910$1,304$680
31 years$5,242$3,711$2,573$1,754$1,179$599
32 years$5,023$3,511$2,401$1,612$1,066$527
33 years$4,817$3,325$2,242$1,482$965$464
34 years$4,625$3,152$2,095$1,364$874$409
35 years$4,443$2,989$1,958$1,256$791$360
36 years$4,272$2,837$1,832$1,156$717$318
37 years$4,111$2,695$1,715$1,065$650$280
38 years$3,959$2,561$1,606$982$589$247
39 years$3,814$2,435$1,504$905$534$218
40 years$3,678$2,317$1,410$835$485$192
41 years$3,548$2,205$1,322$771$440$169
42 years$3,425$2,100$1,240$711$399$149
43 years$3,308$2,001$1,164$656$362$132
44 years$3,196$1,908$1,092$606$329$116
45 years$3,090$1,819$1,026$560$298$102
46 years$2,989$1,735$963$517$271$90
47 years$2,892$1,656$905$478$246$80
48 years$2,799$1,581$851$441$223$70
49 years$2,711$1,510$799$408$203$62
50 years$2,626$1,442$752$377$184$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,690,000, adding $5,004 every year, while hoping to spend $55,607 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: 70/24/6 Blend
71$2,690,000$2,690,000$2,690,000$2,690,000
72$2,969,542$2,826,972$2,785,277$3,174,698
73$3,213,269$2,906,328$2,819,418$3,390,284
74$3,479,994$2,987,709$2,852,839$3,618,755
75$3,772,002$3,071,155$2,885,458$3,867,205
76$4,091,811$3,156,707$2,917,186$4,137,581
77$4,442,196$3,244,406$2,947,932$4,432,028
78$4,826,210$3,334,292$2,977,598$4,752,905
79$5,247,218$3,426,406$3,006,081$5,102,812
80$5,708,923$3,520,789$3,033,274$5,484,611
81$6,215,406$3,617,481$3,059,062$5,901,452
82$6,771,162$3,716,522$3,083,325$6,356,805
83$7,381,142$3,817,953$3,105,938$6,854,491
84$8,050,798$3,921,812$3,126,766$7,398,720
85$8,786,138$4,028,139$3,145,671$7,994,125
86$9,593,778$4,136,972$3,162,506$8,645,813
87$10,481,008$4,248,349$3,177,114$9,359,406
88$11,455,859$4,362,306$3,189,336$10,141,099
89$12,527,177$4,478,879$3,198,999$10,997,714
90$13,704,708$4,598,103$3,205,924$11,936,767
91$14,999,190$4,720,012$3,209,924$12,966,539
92$16,422,452$4,844,637$3,210,801$14,096,151
93$17,987,527$4,972,009$3,208,348$15,335,651
94$19,708,774$5,102,157$3,202,347$16,696,110
95$21,602,014$5,235,107$3,192,570$18,189,725
96$23,684,677$5,370,885$3,178,779$19,829,933
97$25,975,968$5,509,512$3,160,722$21,631,540
98$28,497,047$5,651,009$3,138,137$23,610,858
99$31,271,230$5,795,393$3,110,749$25,785,859
100$34,324,206$5,942,677$3,078,269$28,176,346