Can I retire at age 72 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$233,699$231,617$229,586$227,604$225,668$223,219
2 years$115,692$113,538$111,450$109,425$107,461$104,995
3 years$76,362$74,198$72,115$70,110$68,178$65,771
4 years$56,701$54,544$52,481$50,510$48,625$46,296
5 years$44,907$42,763$40,728$38,797$36,964$34,721
6 years$37,047$34,919$32,914$31,026$29,248$27,093
7 years$31,435$29,325$27,352$25,508$23,787$21,720
8 years$27,228$25,137$23,196$21,398$19,733$17,755
9 years$23,958$21,886$19,979$18,226$16,618$14,728
10 years$21,343$19,292$17,418$15,711$14,160$12,356
11 years$19,205$17,174$15,335$13,674$12,178$10,459
12 years$17,424$15,415$13,609$11,994$10,553$8,918
13 years$15,919$13,930$12,159$10,589$9,202$7,648
14 years$14,630$12,662$10,925$9,399$8,067$6,592
15 years$13,514$11,567$9,864$8,383$7,103$5,705
16 years$12,538$10,613$8,943$7,506$6,277$4,954
17 years$11,678$9,774$8,138$6,744$5,566$4,314
18 years$10,914$9,032$7,429$6,077$4,949$3,767
19 years$10,232$8,370$6,801$5,492$4,411$3,296
20 years$9,618$7,778$6,241$4,974$3,940$2,889
21 years$9,064$7,245$5,741$4,514$3,526$2,537
22 years$8,561$6,763$5,291$4,104$3,160$2,230
23 years$8,102$6,325$4,885$3,738$2,837$1,963
24 years$7,682$5,926$4,518$3,409$2,550$1,730
25 years$7,296$5,562$4,185$3,113$2,295$1,526
26 years$6,941$5,227$3,881$2,847$2,067$1,347
27 years$6,612$4,919$3,604$2,606$1,863$1,190
28 years$6,307$4,635$3,350$2,387$1,681$1,052
29 years$6,024$4,373$3,118$2,189$1,518$930
30 years$5,761$4,130$2,904$2,009$1,372$823
31 years$5,514$3,904$2,707$1,845$1,240$729
32 years$5,284$3,694$2,526$1,696$1,122$645
33 years$5,068$3,498$2,359$1,559$1,015$572
34 years$4,865$3,316$2,204$1,435$919$506
35 years$4,674$3,145$2,060$1,321$833$449
36 years$4,495$2,985$1,927$1,216$754$398
37 years$4,325$2,835$1,804$1,121$684$353
38 years$4,165$2,694$1,689$1,033$620$313
39 years$4,013$2,562$1,583$953$562$278
40 years$3,869$2,437$1,483$879$510$246
41 years$3,733$2,320$1,391$811$463$218
42 years$3,603$2,210$1,305$748$420$194
43 years$3,480$2,105$1,224$691$381$172
44 years$3,362$2,007$1,149$638$346$153
45 years$3,251$1,914$1,079$589$314$136
46 years$3,144$1,826$1,014$544$285$120
47 years$3,042$1,742$952$503$259$107
48 years$2,945$1,663$895$464$235$95
49 years$2,852$1,588$841$429$213$84
50 years$2,763$1,517$791$397$194$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,830,000, adding $4,264 every year, while hoping to spend $26,995 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: 63/10/27 Blend
71$2,830,000$2,830,000$2,830,000$2,830,000
72$3,123,058$2,973,068$2,929,203$3,297,125
73$3,412,888$3,090,026$2,998,609$3,532,568
74$3,731,375$3,211,810$3,069,435$3,786,291
75$4,081,415$3,338,628$3,141,701$4,062,851
76$4,466,196$3,470,698$3,215,425$4,364,491
77$4,889,232$3,608,246$3,290,625$4,693,679
78$5,354,393$3,751,510$3,367,321$5,053,132
79$5,865,944$3,900,737$3,445,529$5,445,841
80$6,428,584$4,056,186$3,525,268$5,875,102
81$7,047,489$4,218,129$3,606,553$6,344,541
82$7,728,362$4,386,847$3,689,403$6,858,152
83$8,477,489$4,562,636$3,773,831$7,420,334
84$9,301,792$4,745,805$3,859,854$8,035,930
85$10,208,903$4,936,676$3,947,487$8,710,275
86$11,207,225$5,135,588$4,036,742$9,449,246
87$12,306,023$5,342,892$4,127,633$10,259,312
88$13,515,501$5,558,958$4,220,173$11,147,601
89$14,846,905$5,784,170$4,314,372$12,121,965
90$16,312,626$6,018,931$4,410,240$13,191,051
91$17,926,318$6,263,663$4,507,787$14,364,385
92$19,703,025$6,518,805$4,607,021$15,652,461
93$21,659,326$6,784,819$4,707,948$17,066,837
94$23,813,487$7,062,184$4,810,574$18,620,250
95$26,185,637$7,351,406$4,914,903$20,326,726
96$28,797,956$7,653,009$5,020,936$22,201,721
97$31,674,886$7,967,544$5,128,676$24,262,261
98$34,843,357$8,295,587$5,238,120$26,527,105
99$38,333,048$8,637,740$5,349,265$29,016,918
100$42,176,662$8,994,631$5,462,108$31,754,469