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%19.5%
1 years$224,615$222,614$220,662$218,757$216,897$208,621
2 years$111,196$109,125$107,118$105,172$103,284$95,044
3 years$73,394$71,314$69,312$67,384$65,528$57,582
4 years$54,497$52,423$50,442$48,547$46,735$39,144
5 years$43,162$41,101$39,145$37,289$35,527$28,311
6 years$35,607$33,562$31,635$29,820$28,111$21,275
7 years$30,213$28,185$26,289$24,517$22,862$16,404
8 years$26,170$24,160$22,295$20,566$18,966$12,880
9 years$23,027$21,035$19,203$17,518$15,972$10,248
10 years$20,513$18,542$16,741$15,101$13,609$8,237
11 years$18,458$16,507$14,739$13,142$11,704$6,673
12 years$16,747$14,815$13,080$11,527$10,143$5,438
13 years$15,300$13,389$11,686$10,177$8,845$4,454
14 years$14,061$12,170$10,500$9,034$7,753$3,662
15 years$12,988$11,118$9,480$8,057$6,827$3,020
16 years$12,051$10,200$8,595$7,214$6,033$2,497
17 years$11,224$9,394$7,821$6,482$5,350$2,069
18 years$10,490$8,680$7,140$5,841$4,757$1,717
19 years$9,834$8,045$6,536$5,278$4,240$1,427
20 years$9,244$7,476$5,999$4,780$3,787$1,187
21 years$8,712$6,963$5,518$4,338$3,389$989
22 years$8,228$6,500$5,085$3,945$3,038$824
23 years$7,787$6,079$4,695$3,592$2,727$687
24 years$7,383$5,696$4,342$3,277$2,451$574
25 years$7,013$5,345$4,022$2,992$2,205$479
26 years$6,671$5,024$3,730$2,736$1,987$400
27 years$6,355$4,728$3,464$2,504$1,791$334
28 years$6,062$4,455$3,220$2,295$1,616$279
29 years$5,790$4,203$2,997$2,104$1,459$233
30 years$5,537$3,969$2,791$1,931$1,319$195
31 years$5,300$3,752$2,602$1,774$1,192$163
32 years$5,079$3,550$2,428$1,630$1,078$136
33 years$4,871$3,362$2,267$1,499$976$114
34 years$4,676$3,187$2,118$1,379$884$95
35 years$4,493$3,023$1,980$1,270$800$80
36 years$4,320$2,869$1,852$1,169$725$67
37 years$4,157$2,725$1,734$1,077$657$56
38 years$4,003$2,589$1,624$993$596$47
39 years$3,857$2,462$1,521$916$540$39
40 years$3,719$2,343$1,426$844$490$33
41 years$3,588$2,230$1,337$779$445$27
42 years$3,463$2,124$1,254$719$403$23
43 years$3,345$2,024$1,177$664$366$19
44 years$3,232$1,929$1,105$613$332$16
45 years$3,124$1,839$1,037$566$302$13
46 years$3,022$1,755$974$523$274$11
47 years$2,924$1,674$915$483$249$9
48 years$2,831$1,599$860$446$226$8
49 years$2,741$1,526$808$412$205$7
50 years$2,656$1,458$760$381$186$6

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 $3,761 every year, while hoping to spend $37,492 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: 56/27/17 Blend
71$2,720,000$2,720,000$2,720,000$2,720,000
72$3,001,319$2,857,159$2,814,999$3,155,694
73$3,267,563$2,957,269$2,869,411$3,361,240
74$3,559,707$3,061,028$2,924,388$3,580,670
75$3,880,353$3,168,574$2,979,911$3,818,862
76$4,232,368$3,280,053$3,035,957$4,077,620
77$4,618,909$3,395,616$3,092,502$4,358,933
78$5,043,455$3,515,418$3,149,518$4,664,986
79$5,509,838$3,639,624$3,206,977$4,998,186
80$6,022,278$3,768,402$3,264,848$5,361,179
81$6,585,426$3,901,929$3,323,095$5,756,880
82$7,204,404$4,040,388$3,381,684$6,188,496
83$7,884,857$4,183,971$3,440,574$6,659,557
84$8,633,002$4,332,876$3,499,723$7,173,950
85$9,455,691$4,487,310$3,559,087$7,735,952
86$10,360,471$4,647,487$3,618,616$8,350,275
87$11,355,659$4,813,633$3,678,258$9,022,104
88$12,450,415$4,985,981$3,737,959$9,757,151
89$13,654,836$5,164,772$3,797,659$10,561,703
90$14,980,043$5,350,260$3,857,295$11,442,686
91$16,438,293$5,542,709$3,916,800$12,407,725
92$18,043,089$5,742,391$3,976,103$13,465,218
93$19,809,308$5,949,592$4,035,126$14,624,415
94$21,753,345$6,164,610$4,093,791$15,895,504
95$23,893,264$6,387,753$4,152,010$17,289,704
96$26,248,968$6,619,345$4,209,694$18,819,373
97$28,842,390$6,859,720$4,266,746$20,498,126
98$31,697,696$7,109,228$4,323,064$22,340,957
99$34,841,515$7,368,234$4,378,541$24,364,383
100$38,303,189$7,637,117$4,433,061$26,586,599