Can I retire at age 72 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$232,873$230,799$228,775$226,800$224,871$217,934
2 years$115,284$113,137$111,056$109,038$107,081$100,154
3 years$76,092$73,936$71,860$69,862$67,937$61,235
4 years$56,501$54,351$52,296$50,332$48,453$42,029
5 years$44,748$42,612$40,584$38,659$36,833$30,704
6 years$36,916$34,796$32,798$30,916$29,145$23,315
7 years$31,324$29,221$27,255$25,418$23,703$18,173
8 years$27,132$25,048$23,114$21,323$19,664$14,430
9 years$23,873$21,809$19,909$18,162$16,560$11,616
10 years$21,267$19,223$17,357$15,656$14,110$9,449
11 years$19,137$17,113$15,281$13,625$12,135$7,750
12 years$17,363$15,360$13,561$11,951$10,516$6,396
13 years$15,863$13,881$12,116$10,551$9,170$5,307
14 years$14,578$12,618$10,886$9,366$8,038$4,421
15 years$13,466$11,526$9,829$8,353$7,078$3,696
16 years$12,494$10,575$8,911$7,479$6,255$3,098
17 years$11,637$9,739$8,109$6,720$5,546$2,603
18 years$10,876$9,000$7,402$6,056$4,931$2,191
19 years$10,196$8,341$6,777$5,472$4,396$1,847
20 years$9,584$7,751$6,219$4,956$3,926$1,560
21 years$9,032$7,219$5,720$4,498$3,513$1,318
22 years$8,530$6,739$5,272$4,090$3,149$1,115
23 years$8,073$6,303$4,868$3,725$2,827$944
24 years$7,655$5,905$4,502$3,397$2,541$800
25 years$7,270$5,542$4,170$3,102$2,287$678
26 years$6,916$5,209$3,867$2,837$2,060$575
27 years$6,589$4,902$3,591$2,596$1,857$488
28 years$6,285$4,619$3,338$2,379$1,676$414
29 years$6,003$4,357$3,107$2,181$1,513$352
30 years$5,740$4,115$2,894$2,002$1,367$299
31 years$5,495$3,890$2,698$1,839$1,236$254
32 years$5,265$3,681$2,517$1,690$1,118$215
33 years$5,050$3,486$2,350$1,554$1,012$183
34 years$4,848$3,304$2,196$1,430$916$156
35 years$4,658$3,134$2,053$1,316$830$132
36 years$4,479$2,974$1,921$1,212$752$112
37 years$4,310$2,825$1,798$1,117$681$95
38 years$4,150$2,685$1,683$1,029$618$81
39 years$3,999$2,553$1,577$949$560$69
40 years$3,855$2,429$1,478$875$508$59
41 years$3,719$2,312$1,386$808$461$50
42 years$3,590$2,202$1,300$745$418$42
43 years$3,467$2,098$1,220$688$380$36
44 years$3,351$2,000$1,145$635$345$31
45 years$3,239$1,907$1,075$587$313$26
46 years$3,133$1,819$1,010$542$284$22
47 years$3,032$1,736$949$501$258$19
48 years$2,935$1,657$892$463$234$16
49 years$2,842$1,583$838$428$213$14
50 years$2,753$1,512$788$395$193$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,820,000, adding $2,022 every year, while hoping to spend $49,265 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: 53/25/22 Blend
71$2,820,000$2,820,000$2,820,000$2,820,000
72$3,109,726$2,960,266$2,916,556$3,255,580
73$3,374,500$3,052,901$2,961,843$3,448,830
74$3,664,630$3,148,425$3,006,996$3,653,723
75$3,982,651$3,246,925$3,051,958$3,875,646
76$4,331,352$3,348,496$3,096,670$4,116,241
77$4,713,810$3,453,232$3,141,068$4,377,314
78$5,133,408$3,561,230$3,185,083$4,660,853
79$5,593,877$3,672,592$3,228,645$4,969,046
80$6,099,326$3,787,422$3,271,678$5,304,304
81$6,654,279$3,905,827$3,314,101$5,669,278
82$7,263,720$4,027,918$3,355,828$6,066,890
83$7,933,142$4,153,808$3,396,771$6,500,358
84$8,668,594$4,283,616$3,436,834$6,973,222
85$9,476,739$4,417,461$3,475,916$7,489,386
86$10,364,919$4,555,470$3,513,912$8,053,145
87$11,341,223$4,697,770$3,550,710$8,669,232
88$12,414,560$4,844,493$3,586,192$9,342,859
89$13,594,749$4,995,777$3,620,233$10,079,768
90$14,892,605$5,151,762$3,652,702$10,886,283
91$16,320,045$5,312,592$3,683,462$11,769,371
92$17,890,198$5,478,418$3,712,367$12,736,707
93$19,617,530$5,649,393$3,739,263$13,796,746
94$21,517,980$5,825,675$3,763,990$14,958,801
95$23,609,109$6,007,428$3,786,379$16,233,134
96$25,910,266$6,194,820$3,806,251$17,631,051
97$28,442,772$6,388,024$3,823,419$19,165,006
98$31,230,118$6,587,221$3,837,686$20,848,722
99$34,298,187$6,792,592$3,848,846$22,697,319
100$37,675,502$7,004,328$3,856,682$24,727,455