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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.1%
1 years$232,047$229,980$227,964$225,995$224,073$223,035
2 years$114,875$112,735$110,662$108,652$106,702$105,654
3 years$75,822$73,674$71,606$69,614$67,696$66,671
4 years$56,300$54,158$52,111$50,153$48,281$47,287
5 years$44,590$42,461$40,440$38,522$36,703$35,742
6 years$36,785$34,672$32,681$30,807$29,042$28,115
7 years$31,213$29,118$27,158$25,328$23,619$22,728
8 years$27,036$24,959$23,033$21,247$19,594$18,738
9 years$23,788$21,732$19,838$18,098$16,501$15,680
10 years$21,192$19,155$17,295$15,600$14,060$13,274
11 years$19,069$17,053$15,226$13,577$12,092$11,340
12 years$17,301$15,306$13,513$11,909$10,478$9,760
13 years$15,807$13,832$12,073$10,514$9,137$8,452
14 years$14,527$12,573$10,848$9,333$8,010$7,357
15 years$13,418$11,485$9,794$8,323$7,052$6,431
16 years$12,449$10,538$8,880$7,453$6,233$5,642
17 years$11,595$9,705$8,080$6,696$5,527$4,965
18 years$10,837$8,968$7,376$6,035$4,914$4,381
19 years$10,159$8,311$6,752$5,453$4,380$3,875
20 years$9,550$7,723$6,197$4,938$3,912$3,434
21 years$9,000$7,194$5,700$4,482$3,501$3,049
22 years$8,500$6,715$5,254$4,075$3,138$2,711
23 years$8,045$6,281$4,851$3,711$2,817$2,414
24 years$7,628$5,884$4,486$3,385$2,532$2,152
25 years$7,245$5,522$4,155$3,091$2,278$1,920
26 years$6,892$5,190$3,854$2,827$2,052$1,715
27 years$6,565$4,884$3,578$2,587$1,850$1,533
28 years$6,263$4,603$3,327$2,370$1,670$1,371
29 years$5,982$4,342$3,096$2,174$1,508$1,227
30 years$5,720$4,101$2,883$1,995$1,362$1,099
31 years$5,475$3,876$2,688$1,832$1,232$985
32 years$5,247$3,668$2,508$1,684$1,114$883
33 years$5,032$3,474$2,342$1,548$1,008$792
34 years$4,831$3,292$2,188$1,425$913$711
35 years$4,641$3,123$2,046$1,312$827$638
36 years$4,463$2,964$1,914$1,208$749$573
37 years$4,294$2,815$1,791$1,113$679$514
38 years$4,135$2,675$1,677$1,026$616$462
39 years$3,985$2,544$1,572$946$558$415
40 years$3,842$2,420$1,473$872$506$373
41 years$3,706$2,304$1,381$805$459$335
42 years$3,578$2,194$1,296$743$417$301
43 years$3,455$2,090$1,216$686$378$271
44 years$3,339$1,993$1,141$633$343$244
45 years$3,228$1,900$1,072$585$312$219
46 years$3,122$1,813$1,006$540$283$197
47 years$3,021$1,730$946$499$257$177
48 years$2,924$1,651$889$461$233$159
49 years$2,832$1,577$835$426$212$143
50 years$2,744$1,506$785$394$193$129

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 $3,354 every year, while hoping to spend $30,250 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: 63/26/11 Blend
71$2,810,000$2,810,000$2,810,000$2,810,000
72$3,100,080$2,951,150$2,907,595$3,287,429
73$3,384,102$3,063,570$2,972,813$3,525,566
74$3,696,081$3,180,486$3,039,203$3,781,677
75$4,038,836$3,302,084$3,106,771$4,060,569
76$4,415,473$3,428,562$3,175,524$4,364,452
77$4,829,414$3,560,125$3,245,467$4,695,758
78$5,284,430$3,696,986$3,316,605$5,057,165
79$5,784,673$3,839,370$3,388,943$5,451,617
80$6,334,720$3,987,509$3,462,483$5,882,355
81$6,939,612$4,141,648$3,537,227$6,352,946
82$7,604,904$4,302,040$3,613,175$6,867,316
83$8,336,715$4,468,951$3,690,327$7,429,785
84$9,141,788$4,642,658$3,768,682$8,045,112
85$10,027,553$4,823,450$3,848,235$8,718,531
86$11,002,195$5,011,631$3,928,982$9,455,809
87$12,074,733$5,207,515$4,010,917$10,263,292
88$13,255,104$5,411,432$4,094,032$11,147,968
89$14,554,260$5,623,727$4,178,317$12,117,533
90$15,984,264$5,844,759$4,263,760$13,180,460
91$17,558,410$6,074,904$4,350,347$14,346,079
92$19,291,348$6,314,554$4,438,064$15,624,665
93$21,199,217$6,564,119$4,526,891$17,027,535
94$23,299,804$6,824,028$4,616,809$18,567,150
95$25,612,707$7,094,727$4,707,794$20,257,237
96$28,159,519$7,376,686$4,799,822$22,112,913
97$30,964,038$7,670,391$4,892,863$24,150,827
98$34,052,483$7,976,353$4,986,887$26,389,321
99$37,453,748$8,295,106$5,081,860$28,848,594
100$41,199,671$8,627,208$5,177,743$31,550,900