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

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$222,138$220,159$218,229$216,344$214,504$210,518
2 years$109,969$107,921$105,936$104,012$102,145$98,144
3 years$72,585$70,528$68,548$66,641$64,805$60,913
4 years$53,896$51,845$49,885$48,011$46,219$42,468
5 years$42,686$40,647$38,713$36,877$35,135$31,534
6 years$35,215$33,192$31,286$29,491$27,801$24,354
7 years$29,880$27,874$25,999$24,246$22,610$19,318
8 years$25,881$23,893$22,049$20,340$18,757$15,620
9 years$22,773$20,803$18,991$17,325$15,796$12,812
10 years$20,287$18,337$16,557$14,934$13,459$10,625
11 years$18,255$16,325$14,576$12,997$11,575$8,887
12 years$16,562$14,652$12,936$11,400$10,031$7,486
13 years$15,132$13,241$11,557$10,065$8,747$6,341
14 years$13,906$12,036$10,384$8,934$7,668$5,396
15 years$12,845$10,995$9,376$7,968$6,751$4,609
16 years$11,918$10,088$8,500$7,134$5,967$3,950
17 years$11,100$9,290$7,735$6,410$5,291$3,394
18 years$10,374$8,585$7,061$5,777$4,704$2,923
19 years$9,726$7,956$6,464$5,220$4,193$2,523
20 years$9,142$7,393$5,932$4,728$3,745$2,180
21 years$8,616$6,887$5,457$4,291$3,352$1,887
22 years$8,137$6,428$5,029$3,901$3,004$1,635
23 years$7,701$6,012$4,644$3,553$2,697$1,419
24 years$7,302$5,633$4,295$3,240$2,424$1,232
25 years$6,935$5,286$3,978$2,959$2,181$1,070
26 years$6,597$4,968$3,689$2,706$1,965$931
27 years$6,285$4,676$3,426$2,477$1,771$810
28 years$5,995$4,406$3,185$2,269$1,598$705
29 years$5,726$4,157$2,963$2,081$1,443$614
30 years$5,476$3,925$2,760$1,910$1,304$535
31 years$5,242$3,711$2,573$1,754$1,179$466
32 years$5,023$3,511$2,401$1,612$1,066$406
33 years$4,817$3,325$2,242$1,482$965$354
34 years$4,625$3,152$2,095$1,364$874$309
35 years$4,443$2,989$1,958$1,256$791$269
36 years$4,272$2,837$1,832$1,156$717$235
37 years$4,111$2,695$1,715$1,065$650$205
38 years$3,959$2,561$1,606$982$589$179
39 years$3,814$2,435$1,504$905$534$156
40 years$3,678$2,317$1,410$835$485$136
41 years$3,548$2,205$1,322$771$440$119
42 years$3,425$2,100$1,240$711$399$104
43 years$3,308$2,001$1,164$656$362$91
44 years$3,196$1,908$1,092$606$329$79
45 years$3,090$1,819$1,026$560$298$69
46 years$2,989$1,735$963$517$271$60
47 years$2,892$1,656$905$478$246$53
48 years$2,799$1,581$851$441$223$46
49 years$2,711$1,510$799$408$203$40
50 years$2,626$1,442$752$377$184$35

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 $2,197 every year, while hoping to spend $55,613 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$2,966,646$2,824,076$2,782,381$3,171,803
73$3,210,072$2,903,284$2,816,419$3,386,866
74$3,476,464$2,984,509$2,849,734$3,615,035
75$3,768,105$3,067,792$2,882,241$3,863,153
76$4,087,510$3,153,172$2,913,855$4,133,167
77$4,437,449$3,240,691$2,944,482$4,427,217
78$4,820,972$3,330,387$2,974,025$4,747,660
79$5,241,437$3,422,302$3,002,381$5,097,091
80$5,702,544$3,516,476$3,029,441$5,478,368
81$6,208,369$3,612,949$3,055,093$5,894,637
82$6,763,399$3,711,759$3,079,215$6,349,363
83$7,372,578$3,812,948$3,101,681$6,846,362
84$8,041,352$3,916,553$3,122,358$7,389,836
85$8,775,719$4,022,613$3,141,106$7,984,414
86$9,582,287$4,131,166$3,157,777$8,635,194
87$10,468,335$4,242,248$3,172,218$9,347,791
88$11,441,883$4,355,896$3,184,265$10,128,390
89$12,511,765$4,472,145$3,193,748$10,983,805
90$13,687,713$4,591,028$3,200,487$11,921,540
91$14,980,450$4,712,579$3,204,294$12,949,864
92$16,401,789$4,836,828$3,204,970$14,077,885
93$17,964,745$4,963,806$3,202,310$15,315,638
94$19,683,656$5,093,539$3,196,094$16,674,177
95$21,574,321$5,226,055$3,186,096$18,165,683
96$23,654,146$5,361,376$3,172,074$19,803,573
97$25,942,309$5,499,524$3,153,779$21,602,632
98$28,459,942$5,640,518$3,130,948$23,579,149
99$31,230,326$5,784,373$3,103,304$25,751,070
100$34,279,114$5,931,102$3,070,560$28,138,171