Can I retire at age 72 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$226,267$224,251$222,285$220,366$218,491$213,383
2 years$112,013$109,927$107,905$105,945$104,044$98,926
3 years$73,934$71,839$69,822$67,880$66,010$61,042
4 years$54,898$52,809$50,812$48,904$47,079$42,300
5 years$43,479$41,403$39,433$37,563$35,788$31,213
6 years$35,869$33,809$31,867$30,039$28,318$23,949
7 years$30,436$28,392$26,482$24,697$23,030$18,869
8 years$26,362$24,337$22,459$20,718$19,106$15,151
9 years$23,196$21,190$19,344$17,647$16,090$12,338
10 years$20,664$18,678$16,864$15,212$13,709$10,156
11 years$18,594$16,628$14,847$13,239$11,790$8,431
12 years$16,870$14,924$13,176$11,612$10,217$7,046
13 years$15,413$13,487$11,772$10,252$8,910$5,921
14 years$14,165$12,260$10,577$9,100$7,810$4,998
15 years$13,084$11,199$9,550$8,116$6,877$4,234
16 years$12,139$10,275$8,658$7,267$6,078$3,598
17 years$11,307$9,463$7,879$6,529$5,389$3,065
18 years$10,567$8,744$7,192$5,884$4,792$2,616
19 years$9,906$8,104$6,584$5,317$4,271$2,238
20 years$9,312$7,531$6,043$4,815$3,815$1,917
21 years$8,776$7,015$5,558$4,370$3,414$1,644
22 years$8,288$6,548$5,123$3,974$3,060$1,411
23 years$7,844$6,124$4,730$3,619$2,747$1,213
24 years$7,438$5,738$4,374$3,301$2,469$1,043
25 years$7,064$5,385$4,052$3,014$2,222$898
26 years$6,720$5,061$3,758$2,756$2,001$773
27 years$6,402$4,763$3,489$2,523$1,804$666
28 years$6,107$4,488$3,244$2,311$1,628$574
29 years$5,833$4,234$3,019$2,120$1,470$495
30 years$5,577$3,998$2,812$1,945$1,328$427
31 years$5,339$3,780$2,621$1,787$1,201$369
32 years$5,116$3,576$2,446$1,642$1,086$318
33 years$4,907$3,387$2,284$1,510$983$275
34 years$4,711$3,210$2,134$1,389$890$237
35 years$4,526$3,045$1,995$1,279$806$205
36 years$4,352$2,890$1,866$1,178$730$177
37 years$4,187$2,745$1,747$1,085$662$153
38 years$4,032$2,608$1,636$1,000$600$132
39 years$3,885$2,480$1,532$922$544$114
40 years$3,746$2,360$1,436$851$494$98
41 years$3,614$2,246$1,347$785$448$85
42 years$3,488$2,139$1,263$724$406$73
43 years$3,369$2,038$1,185$669$369$63
44 years$3,256$1,943$1,113$617$335$55
45 years$3,147$1,853$1,045$570$304$47
46 years$3,044$1,768$981$527$276$41
47 years$2,946$1,687$922$487$251$35
48 years$2,851$1,610$866$450$228$31
49 years$2,761$1,538$814$416$207$26
50 years$2,675$1,469$766$384$188$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,740,000, adding $3,273 every year, while hoping to spend $58,999 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: 67/21/12 Blend
71$2,740,000$2,740,000$2,740,000$2,740,000
72$3,022,856$2,877,636$2,835,166$3,217,148
73$3,268,413$2,955,866$2,867,370$3,425,147
74$3,537,039$3,035,951$2,898,675$3,645,173
75$3,831,026$3,117,921$2,928,989$3,884,220
76$4,152,895$3,201,804$2,958,214$4,144,146
77$4,505,424$3,287,627$2,986,249$4,426,994
78$4,891,673$3,375,416$3,012,984$4,735,017
79$5,315,011$3,465,198$3,038,306$5,070,694
80$5,779,147$3,556,998$3,062,094$5,436,753
81$6,288,167$3,650,839$3,084,222$5,836,203
82$6,846,574$3,746,743$3,104,557$6,272,356
83$7,459,325$3,844,734$3,122,959$6,748,858
84$8,131,879$3,944,829$3,139,282$7,269,729
85$8,870,252$4,047,047$3,153,369$7,839,395
86$9,681,071$4,151,406$3,165,060$8,462,731
87$10,571,634$4,257,918$3,174,183$9,145,109
88$11,549,982$4,366,597$3,180,560$9,892,446
89$12,624,972$4,477,453$3,184,001$10,711,262
90$13,806,364$4,590,492$3,184,309$11,608,739
91$15,104,907$4,705,721$3,181,278$12,592,790
92$16,532,446$4,823,140$3,174,689$13,672,134
93$18,102,030$4,942,747$3,164,315$14,856,376
94$19,828,034$5,064,539$3,149,917$16,156,102
95$21,726,298$5,188,506$3,131,243$17,582,972
96$23,814,273$5,314,635$3,108,032$19,149,837
97$26,111,185$5,442,909$3,080,008$20,870,855
98$28,638,220$5,573,306$3,046,883$22,761,627
99$31,418,720$5,705,799$3,008,354$24,839,344
100$34,478,401$5,840,354$2,964,106$27,122,949