Can I retire at age 72 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$222,963$220,977$219,040$217,149$215,302$206,759
2 years$110,378$108,322$106,330$104,398$102,525$94,024
3 years$72,854$70,790$68,803$66,889$65,046$56,855
4 years$54,096$52,038$50,071$48,190$46,391$38,572
5 years$42,844$40,798$38,857$37,014$35,266$27,839
6 years$35,345$33,315$31,402$29,601$27,905$20,874
7 years$29,991$27,978$26,095$24,336$22,694$16,058
8 years$25,977$23,982$22,131$20,415$18,827$12,578
9 years$22,857$20,881$19,061$17,389$15,855$9,984
10 years$20,362$18,405$16,618$14,990$13,509$8,004
11 years$18,323$16,385$14,630$13,045$11,618$6,467
12 years$16,624$14,707$12,984$11,443$10,068$5,257
13 years$15,188$13,290$11,600$10,102$8,780$4,293
14 years$13,958$12,081$10,423$8,968$7,696$3,520
15 years$12,893$11,036$9,411$7,997$6,776$2,894
16 years$11,962$10,125$8,532$7,161$5,989$2,386
17 years$11,141$9,325$7,764$6,434$5,310$1,971
18 years$10,413$8,617$7,087$5,798$4,722$1,631
19 years$9,762$7,986$6,488$5,239$4,208$1,351
20 years$9,176$7,421$5,954$4,745$3,759$1,121
21 years$8,648$6,912$5,477$4,307$3,364$931
22 years$8,167$6,452$5,048$3,916$3,015$773
23 years$7,730$6,035$4,661$3,566$2,707$643
24 years$7,329$5,654$4,310$3,252$2,433$535
25 years$6,961$5,306$3,992$2,970$2,189$445
26 years$6,622$4,987$3,703$2,716$1,972$371
27 years$6,308$4,693$3,438$2,486$1,778$309
28 years$6,018$4,422$3,196$2,278$1,604$257
29 years$5,748$4,172$2,974$2,089$1,449$214
30 years$5,496$3,940$2,771$1,917$1,309$178
31 years$5,261$3,725$2,583$1,760$1,183$149
32 years$5,041$3,524$2,410$1,618$1,070$124
33 years$4,835$3,338$2,250$1,488$969$103
34 years$4,642$3,163$2,102$1,369$877$86
35 years$4,460$3,000$1,966$1,260$794$72
36 years$4,288$2,848$1,839$1,161$720$60
37 years$4,126$2,705$1,721$1,069$652$50
38 years$3,973$2,570$1,612$986$591$42
39 years$3,829$2,444$1,510$909$536$35
40 years$3,691$2,325$1,415$838$486$29
41 years$3,561$2,214$1,327$773$441$24
42 years$3,437$2,108$1,245$714$400$20
43 years$3,320$2,009$1,168$659$363$17
44 years$3,208$1,915$1,097$608$330$14
45 years$3,101$1,826$1,030$562$299$12
46 years$3,000$1,742$967$519$272$10
47 years$2,903$1,662$909$479$247$8
48 years$2,810$1,587$854$443$224$7
49 years$2,721$1,515$802$409$204$6
50 years$2,636$1,447$754$378$185$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,700,000, adding $6,027 every year, while hoping to spend $35,370 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: 47/47/6 Blend
71$2,700,000$2,700,000$2,700,000$2,700,000
72$2,981,617$2,838,517$2,796,667$3,116,740
73$3,248,108$2,939,971$2,852,722$3,311,463
74$3,540,597$3,045,210$2,909,469$3,518,446
75$3,861,696$3,154,384$2,966,895$3,742,232
76$4,214,286$3,267,646$3,024,983$3,984,388
77$4,601,539$3,385,157$3,083,716$4,246,635
78$5,026,950$3,507,083$3,143,074$4,530,865
79$5,494,368$3,633,600$3,203,037$4,839,155
80$6,008,036$3,764,888$3,263,580$5,173,792
81$6,572,624$3,901,137$3,324,679$5,537,286
82$7,193,282$4,042,542$3,386,305$5,932,398
83$7,875,679$4,189,309$3,448,429$6,362,166
84$8,626,064$4,341,651$3,511,017$6,829,929
85$9,451,321$4,499,790$3,574,035$7,339,360
86$10,359,034$4,663,959$3,637,444$7,894,498
87$11,357,560$4,834,397$3,701,203$8,499,789
88$12,456,106$5,011,357$3,765,267$9,160,122
89$13,664,815$5,195,100$3,829,591$9,880,879
90$14,994,866$5,385,900$3,894,121$10,667,979
91$16,458,574$5,584,040$3,958,806$11,527,938
92$18,069,508$5,789,818$4,023,585$12,467,928
93$19,842,620$6,003,541$4,088,398$13,495,841
94$21,794,386$6,225,533$4,153,178$14,620,365
95$23,942,958$6,456,129$4,217,853$15,851,063
96$26,308,338$6,695,678$4,282,351$17,198,465
97$28,912,569$6,944,547$4,346,589$18,674,159
98$31,779,935$7,203,114$4,410,485$20,290,909
99$34,937,199$7,471,777$4,473,946$22,062,764
100$38,413,849$7,750,949$4,536,879$24,005,197