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

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$232,873$230,799$228,775$226,800$224,871$220,964
2 years$115,284$113,137$111,056$109,038$107,081$103,158
3 years$76,092$73,936$71,860$69,862$67,937$64,119
4 years$56,501$54,351$52,296$50,332$48,453$44,770
5 years$44,748$42,612$40,584$38,659$36,833$33,296
6 years$36,916$34,796$32,798$30,916$29,145$25,757
7 years$31,324$29,221$27,255$25,418$23,703$20,465
8 years$27,132$25,048$23,114$21,323$19,664$16,576
9 years$23,873$21,809$19,909$18,162$16,560$13,620
10 years$21,267$19,223$17,357$15,656$14,110$11,316
11 years$19,137$17,113$15,281$13,625$12,135$9,484
12 years$17,363$15,360$13,561$11,951$10,516$8,004
13 years$15,863$13,881$12,116$10,551$9,170$6,793
14 years$14,578$12,618$10,886$9,366$8,038$5,792
15 years$13,466$11,526$9,829$8,353$7,078$4,958
16 years$12,494$10,575$8,911$7,479$6,255$4,258
17 years$11,637$9,739$8,109$6,720$5,546$3,667
18 years$10,876$9,000$7,402$6,056$4,931$3,165
19 years$10,196$8,341$6,777$5,472$4,396$2,737
20 years$9,584$7,751$6,219$4,956$3,926$2,371
21 years$9,032$7,219$5,720$4,498$3,513$2,057
22 years$8,530$6,739$5,272$4,090$3,149$1,787
23 years$8,073$6,303$4,868$3,725$2,827$1,553
24 years$7,655$5,905$4,502$3,397$2,541$1,352
25 years$7,270$5,542$4,170$3,102$2,287$1,177
26 years$6,916$5,209$3,867$2,837$2,060$1,026
27 years$6,589$4,902$3,591$2,596$1,857$895
28 years$6,285$4,619$3,338$2,379$1,676$781
29 years$6,003$4,357$3,107$2,181$1,513$682
30 years$5,740$4,115$2,894$2,002$1,367$595
31 years$5,495$3,890$2,698$1,839$1,236$520
32 years$5,265$3,681$2,517$1,690$1,118$455
33 years$5,050$3,486$2,350$1,554$1,012$397
34 years$4,848$3,304$2,196$1,430$916$347
35 years$4,658$3,134$2,053$1,316$830$304
36 years$4,479$2,974$1,921$1,212$752$266
37 years$4,310$2,825$1,798$1,117$681$232
38 years$4,150$2,685$1,683$1,029$618$203
39 years$3,999$2,553$1,577$949$560$178
40 years$3,855$2,429$1,478$875$508$156
41 years$3,719$2,312$1,386$808$461$136
42 years$3,590$2,202$1,300$745$418$119
43 years$3,467$2,098$1,220$688$380$104
44 years$3,351$2,000$1,145$635$345$91
45 years$3,239$1,907$1,075$587$313$80
46 years$3,133$1,819$1,010$542$284$70
47 years$3,032$1,736$949$501$258$61
48 years$2,935$1,657$892$463$234$54
49 years$2,842$1,583$838$428$213$47
50 years$2,753$1,512$788$395$193$41

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 $3,860 every year, while hoping to spend $50,121 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: 67/11/22 Blend
71$2,820,000$2,820,000$2,820,000$2,820,000
72$3,111,622$2,962,162$2,918,452$3,302,484
73$3,375,679$3,053,979$2,962,891$3,522,795
74$3,664,990$3,148,616$3,007,140$3,757,522
75$3,982,078$3,246,157$3,051,138$4,013,040
76$4,329,721$3,346,691$3,094,823$4,291,398
77$4,710,981$3,450,306$3,138,128$4,594,849
78$5,129,227$3,557,098$3,180,981$4,925,877
79$5,588,173$3,667,160$3,223,309$5,287,219
80$6,091,908$3,780,593$3,265,031$5,681,886
81$6,644,937$3,897,496$3,306,064$6,113,197
82$7,252,222$4,017,974$3,346,318$6,584,809
83$7,919,229$4,142,136$3,385,700$7,100,749
84$8,651,980$4,270,090$3,424,111$7,665,452
85$9,457,109$4,401,952$3,461,446$8,283,807
86$10,341,924$4,537,837$3,497,594$8,961,198
87$11,314,476$4,677,867$3,532,440$9,703,557
88$12,383,636$4,822,165$3,565,859$10,517,419
89$13,559,174$4,970,859$3,597,723$11,409,986
90$14,851,858$5,124,079$3,627,895$12,389,191
91$16,273,551$5,281,962$3,656,232$13,463,775
92$17,837,319$5,444,645$3,682,583$14,643,369
93$19,557,565$5,612,271$3,706,788$15,938,586
94$21,450,151$5,784,987$3,728,680$17,361,120
95$23,532,560$5,962,944$3,748,084$18,923,853
96$25,824,050$6,146,298$3,764,814$20,640,983
97$28,345,845$6,335,208$3,778,677$22,528,153
98$31,121,326$6,529,839$3,789,468$24,602,600
99$34,176,259$6,730,358$3,796,973$26,883,320
100$37,539,033$6,936,941$3,800,966$29,391,241