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%11%
1 years$225,441$223,433$221,474$219,561$217,694$216,777
2 years$111,604$109,526$107,511$105,558$103,664$102,738
3 years$73,664$71,576$69,567$67,632$65,769$64,862
4 years$54,697$52,616$50,627$48,725$46,907$46,027
5 years$43,320$41,252$39,289$37,426$35,658$34,808
6 years$35,738$33,685$31,751$29,930$28,215$27,395
7 years$30,324$28,289$26,385$24,607$22,946$22,158
8 years$26,266$24,249$22,377$20,642$19,036$18,279
9 years$23,111$21,113$19,273$17,582$16,031$15,305
10 years$20,589$18,610$16,803$15,156$13,659$12,964
11 years$18,526$16,567$14,793$13,190$11,747$11,082
12 years$16,809$14,870$13,128$11,570$10,180$9,544
13 years$15,357$13,438$11,729$10,214$8,877$8,270
14 years$14,113$12,215$10,539$9,067$7,782$7,203
15 years$13,036$11,158$9,515$8,086$6,852$6,301
16 years$12,095$10,238$8,627$7,240$6,056$5,531
17 years$11,265$9,429$7,850$6,505$5,369$4,871
18 years$10,529$8,712$7,166$5,863$4,774$4,301
19 years$9,870$8,075$6,560$5,297$4,255$3,807
20 years$9,278$7,503$6,021$4,798$3,801$3,376
21 years$8,744$6,989$5,538$4,354$3,401$3,000
22 years$8,258$6,524$5,104$3,959$3,049$2,669
23 years$7,816$6,102$4,713$3,606$2,737$2,378
24 years$7,410$5,717$4,358$3,289$2,460$2,122
25 years$7,038$5,365$4,037$3,003$2,214$1,895
26 years$6,695$5,042$3,744$2,746$1,994$1,694
27 years$6,378$4,745$3,477$2,514$1,798$1,515
28 years$6,085$4,472$3,232$2,303$1,622$1,356
29 years$5,811$4,218$3,008$2,112$1,465$1,215
30 years$5,557$3,984$2,801$1,938$1,323$1,089
31 years$5,320$3,766$2,612$1,780$1,196$977
32 years$5,097$3,563$2,437$1,636$1,082$876
33 years$4,889$3,375$2,275$1,504$979$787
34 years$4,693$3,198$2,126$1,384$887$706
35 years$4,509$3,034$1,987$1,274$803$635
36 years$4,336$2,879$1,859$1,173$728$570
37 years$4,172$2,735$1,740$1,081$660$512
38 years$4,017$2,599$1,630$997$598$461
39 years$3,871$2,471$1,527$919$542$414
40 years$3,732$2,351$1,431$848$492$373
41 years$3,601$2,238$1,342$782$446$335
42 years$3,476$2,132$1,259$722$405$302
43 years$3,357$2,031$1,181$666$367$271
44 years$3,244$1,936$1,109$615$334$244
45 years$3,136$1,846$1,041$568$303$220
46 years$3,033$1,761$978$525$275$198
47 years$2,935$1,681$919$485$250$178
48 years$2,841$1,604$863$448$227$160
49 years$2,751$1,532$811$414$206$144
50 years$2,665$1,464$763$383$187$130

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 $6,672 every year, while hoping to spend $26,126 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: 60/32/8 Blend
71$2,730,000$2,730,000$2,730,000$2,730,000
72$3,015,342$2,870,652$2,828,337$3,190,664
73$3,295,109$2,983,516$2,895,289$3,421,827
74$3,602,537$3,101,035$2,963,607$3,670,265
75$3,940,419$3,223,409$3,033,311$3,940,586
76$4,311,833$3,350,848$3,104,419$4,234,897
77$4,720,171$3,483,570$3,176,948$4,555,515
78$5,169,168$3,621,804$3,250,915$4,904,989
79$5,662,940$3,765,789$3,326,337$5,286,121
80$6,206,021$3,915,775$3,403,232$5,701,996
81$6,803,410$4,072,022$3,481,614$6,156,005
82$7,460,610$4,234,803$3,561,500$6,651,882
83$8,183,686$4,404,403$3,642,905$7,193,734
84$8,979,322$4,581,119$3,725,842$7,786,081
85$9,854,882$4,765,263$3,810,327$8,433,898
86$10,818,478$4,957,159$3,896,371$9,142,659
87$11,879,051$5,157,147$3,983,987$9,918,390
88$13,046,450$5,365,584$4,073,187$10,767,725
89$14,331,530$5,582,839$4,163,980$11,697,965
90$15,746,249$5,809,302$4,256,377$12,717,151
91$17,303,787$6,045,377$4,350,386$13,834,131
92$19,018,663$6,291,491$4,446,013$15,058,651
93$20,906,877$6,548,085$4,543,266$16,401,438
94$22,986,062$6,815,624$4,642,149$17,874,308
95$25,275,644$7,094,593$4,742,664$19,490,268
96$27,797,031$7,385,500$4,844,815$21,263,644
97$30,573,812$7,688,873$4,948,600$23,210,211
98$33,631,982$8,005,269$5,054,019$25,347,344
99$37,000,184$8,335,267$5,161,068$27,694,175
100$40,709,981$8,679,474$5,269,743$30,271,777