Can I retire at age 72 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$229,570$227,525$225,530$223,583$221,681$220,561
2 years$113,648$111,532$109,481$107,492$105,562$104,433
3 years$75,013$72,887$70,841$68,871$66,973$65,868
4 years$55,699$53,580$51,554$49,618$47,766$46,694
5 years$44,114$42,007$40,008$38,111$36,311$35,275
6 years$36,393$34,302$32,333$30,478$28,732$27,733
7 years$30,880$28,807$26,869$25,057$23,366$22,406
8 years$26,747$24,693$22,787$21,020$19,385$18,463
9 years$23,534$21,500$19,626$17,904$16,325$15,441
10 years$20,966$18,951$17,110$15,434$13,909$13,063
11 years$18,866$16,871$15,064$13,432$11,963$11,154
12 years$17,117$15,142$13,369$11,782$10,367$9,594
13 years$15,638$13,684$11,944$10,401$9,040$8,303
14 years$14,372$12,439$10,732$9,233$7,924$7,222
15 years$13,275$11,363$9,689$8,234$6,977$6,309
16 years$12,316$10,425$8,785$7,373$6,166$5,531
17 years$11,472$9,601$7,994$6,625$5,468$4,864
18 years$10,721$8,872$7,297$5,970$4,862$4,289
19 years$10,051$8,222$6,680$5,395$4,333$3,791
20 years$9,448$7,641$6,131$4,886$3,870$3,357
21 years$8,904$7,117$5,639$4,434$3,464$2,978
22 years$8,409$6,643$5,197$4,032$3,105$2,646
23 years$7,959$6,213$4,799$3,672$2,787$2,354
24 years$7,546$5,822$4,438$3,349$2,505$2,097
25 years$7,167$5,463$4,111$3,058$2,254$1,870
26 years$6,818$5,135$3,812$2,796$2,030$1,669
27 years$6,495$4,832$3,540$2,560$1,831$1,491
28 years$6,196$4,553$3,291$2,345$1,652$1,332
29 years$5,918$4,296$3,063$2,151$1,491$1,192
30 years$5,659$4,057$2,853$1,974$1,348$1,066
31 years$5,417$3,835$2,659$1,813$1,218$955
32 years$5,191$3,629$2,481$1,666$1,102$855
33 years$4,979$3,436$2,317$1,532$997$767
34 years$4,779$3,257$2,165$1,409$903$687
35 years$4,592$3,089$2,024$1,298$818$616
36 years$4,415$2,932$1,893$1,195$741$553
37 years$4,249$2,785$1,772$1,101$672$496
38 years$4,091$2,647$1,659$1,015$609$445
39 years$3,942$2,517$1,555$936$552$400
40 years$3,801$2,394$1,457$863$501$359
41 years$3,667$2,279$1,366$796$454$322
42 years$3,539$2,171$1,282$735$412$289
43 years$3,418$2,068$1,203$678$374$260
44 years$3,303$1,971$1,129$626$340$233
45 years$3,193$1,880$1,060$578$308$210
46 years$3,088$1,793$996$534$280$188
47 years$2,989$1,711$935$494$254$169
48 years$2,893$1,634$879$456$231$152
49 years$2,802$1,560$826$422$210$137
50 years$2,714$1,490$777$390$190$123

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,780,000, adding $6,870 every year, while hoping to spend $51,014 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: 55/24/21 Blend
71$2,780,000$2,780,000$2,780,000$2,780,000
72$3,070,646$2,923,306$2,880,216$3,221,667
73$3,329,574$3,012,270$2,922,425$3,414,758
74$3,613,202$3,103,883$2,964,338$3,618,954
75$3,923,997$3,198,221$3,005,892$3,840,228
76$4,264,673$3,295,363$3,047,018$4,080,230
77$4,638,222$3,395,388$3,087,645$4,340,779
78$5,047,938$3,498,379$3,127,698$4,623,874
79$5,497,448$3,604,420$3,167,096$4,931,719
80$5,990,748$3,713,597$3,205,755$5,266,740
81$6,532,241$3,826,000$3,243,584$5,631,606
82$7,126,775$3,941,719$3,280,489$6,029,261
83$7,779,691$4,060,848$3,316,371$6,462,942
84$8,496,873$4,183,483$3,351,123$6,936,217
85$9,284,803$4,309,723$3,384,634$7,453,017
86$10,150,620$4,439,667$3,416,787$8,017,668
87$11,102,193$4,573,420$3,447,458$8,634,938
88$12,148,186$4,711,087$3,476,518$9,310,078
89$13,298,148$4,852,777$3,503,828$10,048,873
90$14,562,598$4,998,602$3,529,245$10,857,696
91$15,953,125$5,148,675$3,552,617$11,743,566
92$17,482,497$5,303,114$3,573,784$12,714,218
93$19,164,784$5,462,039$3,592,577$13,778,172
94$21,015,484$5,625,571$3,608,821$14,944,817
95$23,051,677$5,793,838$3,622,330$16,224,493
96$25,292,179$5,966,966$3,632,908$17,628,597
97$27,757,722$6,145,089$3,640,352$19,169,684
98$30,471,152$6,328,340$3,644,446$20,861,587
99$33,457,639$6,516,858$3,644,964$22,719,549
100$36,744,918$6,710,785$3,641,671$24,760,364