Can I retire at age 72 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$225,441$223,433$221,474$219,561$217,694$215,331
2 years$111,604$109,526$107,511$105,558$103,664$101,285
3 years$73,664$71,576$69,567$67,632$65,769$63,447
4 years$54,697$52,616$50,627$48,725$46,907$44,661
5 years$43,320$41,252$39,289$37,426$35,658$33,494
6 years$35,738$33,685$31,751$29,930$28,215$26,135
7 years$30,324$28,289$26,385$24,607$22,946$20,952
8 years$26,266$24,249$22,377$20,642$19,036$17,128
9 years$23,111$21,113$19,273$17,582$16,031$14,207
10 years$20,589$18,610$16,803$15,156$13,659$11,919
11 years$18,526$16,567$14,793$13,190$11,747$10,089
12 years$16,809$14,870$13,128$11,570$10,180$8,602
13 years$15,357$13,438$11,729$10,214$8,877$7,378
14 years$14,113$12,215$10,539$9,067$7,782$6,359
15 years$13,036$11,158$9,515$8,086$6,852$5,503
16 years$12,095$10,238$8,627$7,240$6,056$4,779
17 years$11,265$9,429$7,850$6,505$5,369$4,162
18 years$10,529$8,712$7,166$5,863$4,774$3,634
19 years$9,870$8,075$6,560$5,297$4,255$3,180
20 years$9,278$7,503$6,021$4,798$3,801$2,787
21 years$8,744$6,989$5,538$4,354$3,401$2,447
22 years$8,258$6,524$5,104$3,959$3,049$2,152
23 years$7,816$6,102$4,713$3,606$2,737$1,894
24 years$7,410$5,717$4,358$3,289$2,460$1,669
25 years$7,038$5,365$4,037$3,003$2,214$1,472
26 years$6,695$5,042$3,744$2,746$1,994$1,300
27 years$6,378$4,745$3,477$2,514$1,798$1,148
28 years$6,085$4,472$3,232$2,303$1,622$1,015
29 years$5,811$4,218$3,008$2,112$1,465$897
30 years$5,557$3,984$2,801$1,938$1,323$794
31 years$5,320$3,766$2,612$1,780$1,196$703
32 years$5,097$3,563$2,437$1,636$1,082$622
33 years$4,889$3,375$2,275$1,504$979$551
34 years$4,693$3,198$2,126$1,384$887$489
35 years$4,509$3,034$1,987$1,274$803$433
36 years$4,336$2,879$1,859$1,173$728$384
37 years$4,172$2,735$1,740$1,081$660$340
38 years$4,017$2,599$1,630$997$598$302
39 years$3,871$2,471$1,527$919$542$268
40 years$3,732$2,351$1,431$848$492$238
41 years$3,601$2,238$1,342$782$446$211
42 years$3,476$2,132$1,259$722$405$187
43 years$3,357$2,031$1,181$666$367$166
44 years$3,244$1,936$1,109$615$334$147
45 years$3,136$1,846$1,041$568$303$131
46 years$3,033$1,761$978$525$275$116
47 years$2,935$1,681$919$485$250$103
48 years$2,841$1,604$863$448$227$91
49 years$2,751$1,532$811$414$206$81
50 years$2,665$1,464$763$383$187$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,730,000, adding $6,335 every year, while hoping to spend $22,224 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: 62/18/20 Blend
71$2,730,000$2,730,000$2,730,000$2,730,000
72$3,014,995$2,870,305$2,827,990$3,185,967
73$3,298,878$2,987,303$2,899,081$3,419,090
74$3,610,972$3,109,290$2,971,809$3,670,451
75$3,954,132$3,236,486$3,046,206$3,944,367
76$4,331,502$3,369,122$3,122,302$4,243,037
77$4,746,546$3,507,440$3,200,129$4,568,880
78$5,203,081$3,651,692$3,279,721$4,924,558
79$5,705,313$3,802,142$3,361,109$5,313,003
80$6,257,875$3,959,068$3,444,327$5,737,438
81$6,865,873$4,122,757$3,529,407$6,201,413
82$7,534,933$4,293,512$3,616,382$6,708,837
83$8,271,251$4,471,650$3,705,287$7,264,009
84$9,081,659$4,657,501$3,796,154$7,871,667
85$9,973,681$4,851,411$3,889,017$8,537,023
86$10,955,608$5,053,742$3,983,911$9,265,819
87$12,036,577$5,264,872$4,080,869$10,064,374
88$13,226,654$5,485,198$4,179,925$10,939,650
89$14,536,934$5,715,133$4,281,114$11,899,311
90$15,979,639$5,955,112$4,384,469$12,951,798
91$17,568,238$6,205,588$4,490,024$14,106,405
92$19,317,572$6,467,036$4,597,813$15,373,369
93$21,243,995$6,739,952$4,707,871$16,763,965
94$23,365,529$7,024,856$4,820,231$18,290,611
95$25,702,030$7,322,291$4,934,926$19,966,984
96$28,275,381$7,632,827$5,051,990$21,808,149
97$31,109,694$7,957,059$5,171,456$23,830,699
98$34,231,538$8,295,611$5,293,355$26,052,914
99$37,670,194$8,649,134$5,417,721$28,494,927
100$41,457,924$9,018,312$5,544,585$31,178,918