Can I retire at age 72 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$235,350$233,254$231,209$229,212$227,263$222,220
2 years$116,510$114,340$112,237$110,198$108,220$103,166
3 years$76,902$74,723$72,625$70,605$68,660$63,752
4 years$57,102$54,929$52,852$50,867$48,969$44,245
5 years$45,225$43,065$41,016$39,071$37,225$32,699
6 years$37,309$35,166$33,147$31,245$29,455$25,131
7 years$31,657$29,532$27,545$25,688$23,955$19,833
8 years$27,421$25,315$23,360$21,549$19,873$15,953
9 years$24,127$22,041$20,120$18,355$16,736$13,014
10 years$21,494$19,428$17,541$15,822$14,260$10,733
11 years$19,341$17,296$15,443$13,770$12,264$8,927
12 years$17,548$15,524$13,705$12,078$10,628$7,475
13 years$16,032$14,029$12,245$10,663$9,267$6,294
14 years$14,733$12,752$11,002$9,466$8,124$5,324
15 years$13,609$11,649$9,933$8,442$7,153$4,519
16 years$12,627$10,688$9,006$7,559$6,322$3,849
17 years$11,760$9,843$8,195$6,791$5,605$3,286
18 years$10,991$9,095$7,481$6,120$4,984$2,811
19 years$10,304$8,429$6,849$5,530$4,442$2,410
20 years$9,686$7,833$6,285$5,009$3,968$2,069
21 years$9,128$7,296$5,781$4,546$3,551$1,778
22 years$8,621$6,811$5,328$4,133$3,183$1,530
23 years$8,159$6,370$4,920$3,764$2,857$1,318
24 years$7,736$5,968$4,550$3,433$2,568$1,136
25 years$7,348$5,601$4,214$3,135$2,311$980
26 years$6,990$5,264$3,908$2,867$2,082$846
27 years$6,659$4,954$3,629$2,624$1,877$731
28 years$6,352$4,668$3,374$2,404$1,693$632
29 years$6,067$4,404$3,140$2,205$1,529$546
30 years$5,801$4,159$2,925$2,023$1,382$472
31 years$5,553$3,932$2,726$1,858$1,249$408
32 years$5,321$3,720$2,544$1,708$1,130$353
33 years$5,104$3,523$2,375$1,570$1,023$306
34 years$4,900$3,339$2,219$1,445$926$265
35 years$4,708$3,167$2,075$1,330$839$229
36 years$4,526$3,006$1,941$1,225$760$198
37 years$4,356$2,855$1,817$1,129$689$172
38 years$4,194$2,713$1,701$1,040$624$149
39 years$4,041$2,580$1,594$959$566$129
40 years$3,896$2,455$1,494$885$513$112
41 years$3,759$2,337$1,401$816$466$97
42 years$3,628$2,225$1,314$753$423$84
43 years$3,504$2,120$1,233$695$384$73
44 years$3,386$2,021$1,157$642$348$63
45 years$3,274$1,927$1,087$593$316$54
46 years$3,166$1,839$1,021$548$287$47
47 years$3,064$1,755$959$506$261$41
48 years$2,966$1,675$901$468$237$35
49 years$2,872$1,599$847$432$215$31
50 years$2,783$1,528$796$399$195$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,850,000, adding $6,000 every year, while hoping to spend $56,456 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: 53/17/30 Blend
71$2,850,000$2,850,000$2,850,000$2,850,000
72$3,146,889$2,995,839$2,951,664$3,286,935
73$3,407,803$3,082,566$2,990,476$3,471,624
74$3,693,438$3,171,651$3,028,696$3,666,326
75$4,006,256$3,263,149$3,066,245$3,877,130
76$4,348,968$3,357,118$3,103,038$4,105,606
77$4,724,560$3,453,614$3,138,987$4,353,479
78$5,136,321$3,552,696$3,173,998$4,622,651
79$5,587,871$3,654,424$3,207,973$4,915,219
80$6,083,201$3,758,858$3,240,807$5,233,490
81$6,626,703$3,866,057$3,272,390$5,580,007
82$7,223,217$3,976,085$3,302,605$5,957,573
83$7,878,074$4,089,002$3,331,332$6,369,273
84$8,597,147$4,204,872$3,358,441$6,818,510
85$9,386,904$4,323,759$3,383,796$7,309,030
86$10,254,470$4,445,725$3,407,255$7,844,964
87$11,207,697$4,570,836$3,428,669$8,430,861
88$12,255,231$4,699,157$3,447,879$9,071,735
89$13,406,601$4,830,752$3,464,719$9,773,111
90$14,672,303$4,965,688$3,479,016$10,541,078
91$16,063,901$5,104,029$3,490,586$11,382,344
92$17,594,135$5,245,843$3,499,237$12,304,304
93$19,277,042$5,391,194$3,504,766$13,315,105
94$21,128,087$5,540,149$3,506,963$14,423,725
95$23,164,310$5,692,774$3,505,603$15,640,060
96$25,404,483$5,849,134$3,500,455$16,975,015
97$27,869,293$6,009,294$3,491,273$18,440,606
98$30,581,530$6,173,319$3,477,800$20,050,077
99$33,566,307$6,341,272$3,459,767$21,818,023
100$36,851,294$6,513,218$3,436,892$23,760,530