Can I retire at age 72 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$228,744$226,706$224,719$222,778$220,884$217,224
2 years$113,240$111,131$109,087$107,105$105,183$101,507
3 years$74,743$72,625$70,586$68,623$66,732$63,154
4 years$55,499$53,387$51,369$49,439$47,594$44,141
5 years$43,955$41,856$39,864$37,974$36,180$32,862
6 years$36,262$34,179$32,216$30,368$28,628$25,449
7 years$30,769$28,703$26,772$24,967$23,282$20,244
8 years$26,651$24,604$22,705$20,944$19,315$16,416
9 years$23,450$21,422$19,556$17,840$16,266$13,504
10 years$20,890$18,883$17,049$15,378$13,859$11,233
11 years$18,798$16,810$15,010$13,384$11,920$9,426
12 years$17,055$15,088$13,321$11,739$10,329$7,965
13 years$15,582$13,635$11,901$10,364$9,007$6,770
14 years$14,320$12,394$10,693$9,200$7,896$5,780
15 years$13,227$11,322$9,655$8,205$6,952$4,955
16 years$12,272$10,388$8,753$7,347$6,144$4,261
17 years$11,430$9,567$7,965$6,601$5,448$3,674
18 years$10,683$8,840$7,271$5,949$4,844$3,176
19 years$10,015$8,193$6,656$5,375$4,318$2,751
20 years$9,414$7,613$6,109$4,868$3,857$2,386
21 years$8,872$7,091$5,619$4,418$3,451$2,073
22 years$8,379$6,620$5,179$4,017$3,093$1,804
23 years$7,930$6,191$4,782$3,659$2,777$1,571
24 years$7,519$5,801$4,422$3,337$2,496$1,369
25 years$7,141$5,444$4,096$3,047$2,246$1,194
26 years$6,794$5,116$3,799$2,786$2,023$1,043
27 years$6,472$4,815$3,527$2,550$1,824$911
28 years$6,174$4,537$3,279$2,337$1,646$796
29 years$5,897$4,280$3,052$2,143$1,486$696
30 years$5,639$4,042$2,842$1,967$1,343$609
31 years$5,398$3,821$2,650$1,806$1,214$533
32 years$5,172$3,616$2,472$1,660$1,098$466
33 years$4,961$3,424$2,309$1,526$994$408
34 years$4,762$3,245$2,157$1,404$900$358
35 years$4,575$3,078$2,017$1,293$815$313
36 years$4,399$2,922$1,886$1,191$738$274
37 years$4,233$2,775$1,766$1,097$669$240
38 years$4,076$2,637$1,654$1,011$607$211
39 years$3,928$2,508$1,549$932$550$185
40 years$3,787$2,386$1,452$860$499$162
41 years$3,653$2,271$1,362$793$453$142
42 years$3,527$2,163$1,277$732$411$124
43 years$3,406$2,061$1,198$676$373$109
44 years$3,291$1,964$1,125$624$338$96
45 years$3,182$1,873$1,056$576$307$84
46 years$3,077$1,787$992$532$279$74
47 years$2,978$1,705$932$492$253$64
48 years$2,883$1,628$876$455$230$57
49 years$2,792$1,555$823$420$209$50
50 years$2,704$1,485$774$388$190$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,770,000, adding $2,032 every year, while hoping to spend $37,925 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: 79/9/12 Blend
71$2,770,000$2,770,000$2,770,000$2,770,000
72$3,054,636$2,907,826$2,864,891$3,288,950
73$3,325,857$3,009,958$2,920,513$3,545,388
74$3,623,471$3,115,823$2,976,727$3,821,565
75$3,950,131$3,225,564$3,033,513$4,123,469
76$4,308,758$3,339,330$3,090,850$4,453,654
77$4,702,570$3,457,275$3,148,711$4,814,934
78$5,135,112$3,579,561$3,207,073$5,210,407
79$5,610,288$3,706,355$3,265,905$5,643,485
80$6,132,402$3,837,831$3,325,177$6,117,927
81$6,706,191$3,974,169$3,384,855$6,637,870
82$7,336,879$4,115,559$3,444,903$7,207,875
83$8,030,216$4,262,197$3,505,283$7,832,962
84$8,792,540$4,414,287$3,565,952$8,518,664
85$9,630,834$4,572,041$3,626,866$9,271,073
86$10,552,789$4,735,681$3,687,976$10,096,901
87$11,566,881$4,905,438$3,749,231$11,003,542
88$12,682,448$5,081,550$3,810,576$11,999,142
89$13,909,780$5,264,267$3,871,952$13,092,675
90$15,260,211$5,453,850$3,933,296$14,294,025
91$16,746,233$5,650,569$3,994,542$15,614,086
92$18,381,608$5,854,706$4,055,618$17,064,855
93$20,181,500$6,066,554$4,116,449$18,659,554
94$22,162,617$6,286,420$4,176,954$20,412,747
95$24,343,370$6,514,620$4,237,048$22,340,481
96$26,744,045$6,751,488$4,296,641$24,460,438
97$29,386,995$6,997,368$4,355,636$26,792,098
98$32,296,850$7,252,621$4,413,931$29,356,926
99$35,500,750$7,517,621$4,471,420$32,178,572
100$39,028,602$7,792,759$4,527,987$35,283,093