Can I retire at age 72 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$224,615$222,614$220,662$218,757$216,897$215,349
2 years$111,196$109,125$107,118$105,172$103,284$101,724
3 years$73,394$71,314$69,312$67,384$65,528$64,003
4 years$54,497$52,423$50,442$48,547$46,735$45,257
5 years$43,162$41,101$39,145$37,289$35,527$34,101
6 years$35,607$33,562$31,635$29,820$28,111$26,738
7 years$30,213$28,185$26,289$24,517$22,862$21,543
8 years$26,170$24,160$22,295$20,566$18,966$17,701
9 years$23,027$21,035$19,203$17,518$15,972$14,761
10 years$20,513$18,542$16,741$15,101$13,609$12,451
11 years$18,458$16,507$14,739$13,142$11,704$10,598
12 years$16,747$14,815$13,080$11,527$10,143$9,088
13 years$15,300$13,389$11,686$10,177$8,845$7,839
14 years$14,061$12,170$10,500$9,034$7,753$6,797
15 years$12,988$11,118$9,480$8,057$6,827$5,918
16 years$12,051$10,200$8,595$7,214$6,033$5,171
17 years$11,224$9,394$7,821$6,482$5,350$4,532
18 years$10,490$8,680$7,140$5,841$4,757$3,982
19 years$9,834$8,045$6,536$5,278$4,240$3,507
20 years$9,244$7,476$5,999$4,780$3,787$3,094
21 years$8,712$6,963$5,518$4,338$3,389$2,735
22 years$8,228$6,500$5,085$3,945$3,038$2,421
23 years$7,787$6,079$4,695$3,592$2,727$2,146
24 years$7,383$5,696$4,342$3,277$2,451$1,904
25 years$7,013$5,345$4,022$2,992$2,205$1,691
26 years$6,671$5,024$3,730$2,736$1,987$1,504
27 years$6,355$4,728$3,464$2,504$1,791$1,338
28 years$6,062$4,455$3,220$2,295$1,616$1,191
29 years$5,790$4,203$2,997$2,104$1,459$1,061
30 years$5,537$3,969$2,791$1,931$1,319$946
31 years$5,300$3,752$2,602$1,774$1,192$843
32 years$5,079$3,550$2,428$1,630$1,078$752
33 years$4,871$3,362$2,267$1,499$976$671
34 years$4,676$3,187$2,118$1,379$884$599
35 years$4,493$3,023$1,980$1,270$800$535
36 years$4,320$2,869$1,852$1,169$725$478
37 years$4,157$2,725$1,734$1,077$657$427
38 years$4,003$2,589$1,624$993$596$382
39 years$3,857$2,462$1,521$916$540$341
40 years$3,719$2,343$1,426$844$490$305
41 years$3,588$2,230$1,337$779$445$273
42 years$3,463$2,124$1,254$719$403$244
43 years$3,345$2,024$1,177$664$366$218
44 years$3,232$1,929$1,105$613$332$195
45 years$3,124$1,839$1,037$566$302$175
46 years$3,022$1,755$974$523$274$156
47 years$2,924$1,674$915$483$249$140
48 years$2,831$1,599$860$446$226$125
49 years$2,741$1,526$808$412$205$112
50 years$2,656$1,458$760$381$186$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,720,000, adding $3,236 every year, while hoping to spend $42,611 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: 44/31/25 Blend
71$2,720,000$2,720,000$2,720,000$2,720,000
72$3,000,778$2,856,618$2,814,458$3,110,918
73$3,261,520$2,951,254$2,863,405$3,284,099
74$3,547,429$3,049,100$2,912,563$3,467,348
75$3,861,027$3,150,267$2,961,894$3,665,151
76$4,205,093$3,254,871$3,011,359$3,878,883
77$4,582,687$3,363,034$3,060,914$4,110,055
78$4,997,178$3,474,880$3,110,512$4,360,330
79$5,452,280$3,590,539$3,160,104$4,631,538
80$5,952,082$3,710,144$3,209,636$4,925,693
81$6,501,089$3,833,836$3,259,054$5,245,009
82$7,104,265$3,961,759$3,308,297$5,591,924
83$7,767,077$4,094,062$3,357,302$5,969,122
84$8,495,548$4,230,900$3,406,000$6,379,558
85$9,296,314$4,372,435$3,454,322$6,826,482
86$10,176,687$4,518,832$3,502,190$7,313,473
87$11,144,720$4,670,266$3,549,524$7,844,474
88$12,209,287$4,826,916$3,596,240$8,423,824
89$13,380,167$4,988,967$3,642,246$9,056,300
90$14,668,131$5,156,613$3,687,448$9,747,164
91$16,085,047$5,330,054$3,731,745$10,502,210
92$17,643,993$5,509,498$3,775,029$11,327,820
93$19,359,377$5,695,160$3,817,189$12,231,020
94$21,247,074$5,887,263$3,858,106$13,219,551
95$23,324,578$6,086,041$3,897,655$14,301,937
96$25,611,161$6,291,734$3,935,702$15,487,569
97$28,128,062$6,504,591$3,972,110$16,786,789
98$30,898,679$6,724,871$4,006,732$18,210,990
99$33,948,799$6,952,844$4,039,412$19,772,723
100$37,306,833$7,188,790$4,069,988$21,485,812