Can I retire at age 72 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$232,047$229,980$227,964$225,995$224,073$218,745
2 years$114,875$112,735$110,662$108,652$106,702$101,365
3 years$75,822$73,674$71,606$69,614$67,696$62,517
4 years$56,300$54,158$52,111$50,153$48,281$43,300
5 years$44,590$42,461$40,440$38,522$36,703$31,934
6 years$36,785$34,672$32,681$30,807$29,042$24,489
7 years$31,213$29,118$27,158$25,328$23,619$19,284
8 years$27,036$24,959$23,033$21,247$19,594$15,474
9 years$23,788$21,732$19,838$18,098$16,501$12,594
10 years$21,192$19,155$17,295$15,600$14,060$10,360
11 years$19,069$17,053$15,226$13,577$12,092$8,595
12 years$17,301$15,306$13,513$11,909$10,478$7,179
13 years$15,807$13,832$12,073$10,514$9,137$6,029
14 years$14,527$12,573$10,848$9,333$8,010$5,085
15 years$13,418$11,485$9,794$8,323$7,052$4,305
16 years$12,449$10,538$8,880$7,453$6,233$3,655
17 years$11,595$9,705$8,080$6,696$5,527$3,112
18 years$10,837$8,968$7,376$6,035$4,914$2,654
19 years$10,159$8,311$6,752$5,453$4,380$2,269
20 years$9,550$7,723$6,197$4,938$3,912$1,942
21 years$9,000$7,194$5,700$4,482$3,501$1,664
22 years$8,500$6,715$5,254$4,075$3,138$1,428
23 years$8,045$6,281$4,851$3,711$2,817$1,226
24 years$7,628$5,884$4,486$3,385$2,532$1,053
25 years$7,245$5,522$4,155$3,091$2,278$906
26 years$6,892$5,190$3,854$2,827$2,052$780
27 years$6,565$4,884$3,578$2,587$1,850$671
28 years$6,263$4,603$3,327$2,370$1,670$578
29 years$5,982$4,342$3,096$2,174$1,508$498
30 years$5,720$4,101$2,883$1,995$1,362$429
31 years$5,475$3,876$2,688$1,832$1,232$370
32 years$5,247$3,668$2,508$1,684$1,114$319
33 years$5,032$3,474$2,342$1,548$1,008$275
34 years$4,831$3,292$2,188$1,425$913$237
35 years$4,641$3,123$2,046$1,312$827$205
36 years$4,463$2,964$1,914$1,208$749$177
37 years$4,294$2,815$1,791$1,113$679$153
38 years$4,135$2,675$1,677$1,026$616$132
39 years$3,985$2,544$1,572$946$558$114
40 years$3,842$2,420$1,473$872$506$98
41 years$3,706$2,304$1,381$805$459$85
42 years$3,578$2,194$1,296$743$417$73
43 years$3,455$2,090$1,216$686$378$63
44 years$3,339$1,993$1,141$633$343$54
45 years$3,228$1,900$1,072$585$312$47
46 years$3,122$1,813$1,006$540$283$41
47 years$3,021$1,730$946$499$257$35
48 years$2,924$1,651$889$461$233$30
49 years$2,832$1,577$835$426$212$26
50 years$2,744$1,506$785$394$193$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,810,000, adding $3,706 every year, while hoping to spend $37,576 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: 65/28/7 Blend
71$2,810,000$2,810,000$2,810,000$2,810,000
72$3,100,443$2,951,513$2,907,958$3,297,827
73$3,376,707$3,056,156$2,965,394$3,534,214
74$3,679,892$3,164,668$3,023,494$3,787,564
75$4,012,701$3,277,198$3,082,243$4,063,365
76$4,378,118$3,393,901$3,141,619$4,363,797
77$4,779,425$3,514,941$3,201,602$4,691,258
78$5,220,239$3,640,487$3,262,168$5,048,388
79$5,704,546$3,770,713$3,323,294$5,438,090
80$6,236,735$3,905,803$3,384,949$5,863,562
81$6,821,643$4,045,948$3,447,106$6,328,320
82$7,464,597$4,191,347$3,509,731$6,836,238
83$8,171,468$4,342,204$3,572,788$7,391,579
84$8,948,722$4,498,737$3,636,241$7,999,034
85$9,803,485$4,661,168$3,700,049$8,663,772
86$10,743,606$4,829,731$3,764,166$9,391,481
87$11,777,735$5,004,669$3,828,547$10,188,423
88$12,915,401$5,186,235$3,893,140$11,061,496
89$14,167,104$5,374,692$3,957,892$12,018,293
90$15,544,411$5,570,315$4,022,744$13,067,179
91$17,060,071$5,773,389$4,087,635$14,217,363
92$18,728,126$5,984,214$4,152,499$15,478,989
93$20,564,053$6,203,098$4,217,266$16,863,227
94$22,584,903$6,430,367$4,281,861$18,382,380
95$24,809,464$6,666,355$4,346,204$20,050,002
96$27,258,438$6,911,416$4,410,211$21,881,017
97$29,954,638$7,165,914$4,473,792$23,891,868
98$32,923,199$7,430,232$4,536,852$26,100,664
99$36,191,819$7,704,767$4,599,290$28,527,355
100$39,791,017$7,989,933$4,660,999$31,193,916