Can I retire at age 72 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$237,002$234,891$232,831$230,821$228,858$223,962
2 years$117,328$115,143$113,025$110,972$108,980$104,072
3 years$77,441$75,247$73,135$71,101$69,141$64,374
4 years$57,502$55,314$53,223$51,224$49,312$44,722
5 years$45,542$43,367$41,303$39,345$37,486$33,086
6 years$37,571$35,413$33,379$31,464$29,662$25,456
7 years$31,880$29,739$27,738$25,869$24,123$20,113
8 years$27,613$25,492$23,524$21,701$20,012$16,196
9 years$24,296$22,196$20,261$18,484$16,853$13,229
10 years$21,645$19,564$17,664$15,933$14,360$10,923
11 years$19,476$17,417$15,551$13,867$12,350$9,097
12 years$17,671$15,632$13,802$12,163$10,702$7,628
13 years$16,144$14,127$12,331$10,738$9,332$6,431
14 years$14,837$12,841$11,079$9,532$8,181$5,447
15 years$13,705$11,731$10,003$8,501$7,203$4,630
16 years$12,715$10,763$9,069$7,612$6,366$3,949
17 years$11,843$9,912$8,253$6,839$5,645$3,376
18 years$11,068$9,159$7,534$6,163$5,019$2,893
19 years$10,376$8,489$6,897$5,569$4,473$2,483
20 years$9,754$7,888$6,329$5,044$3,996$2,135
21 years$9,192$7,347$5,822$4,578$3,576$1,838
22 years$8,682$6,859$5,366$4,162$3,205$1,584
23 years$8,216$6,415$4,954$3,791$2,877$1,367
24 years$7,791$6,010$4,582$3,457$2,586$1,180
25 years$7,399$5,640$4,244$3,157$2,327$1,020
26 years$7,039$5,301$3,936$2,887$2,096$882
27 years$6,706$4,989$3,655$2,642$1,890$763
28 years$6,397$4,701$3,398$2,421$1,705$660
29 years$6,110$4,435$3,162$2,220$1,540$572
30 years$5,842$4,188$2,945$2,038$1,391$495
31 years$5,592$3,959$2,746$1,871$1,258$429
32 years$5,359$3,746$2,562$1,720$1,138$372
33 years$5,140$3,548$2,392$1,581$1,030$322
34 years$4,934$3,362$2,235$1,455$932$279
35 years$4,741$3,189$2,089$1,340$844$242
36 years$4,558$3,027$1,955$1,234$765$210
37 years$4,386$2,875$1,829$1,137$693$182
38 years$4,224$2,732$1,713$1,048$629$158
39 years$4,070$2,598$1,605$966$570$137
40 years$3,924$2,472$1,504$891$517$119
41 years$3,785$2,353$1,411$822$469$103
42 years$3,654$2,241$1,323$759$426$90
43 years$3,529$2,135$1,242$700$386$78
44 years$3,410$2,035$1,166$647$351$67
45 years$3,297$1,941$1,094$597$318$59
46 years$3,188$1,851$1,028$552$289$51
47 years$3,085$1,767$966$510$262$44
48 years$2,987$1,687$907$471$238$38
49 years$2,892$1,611$853$435$216$33
50 years$2,802$1,539$802$402$197$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,870,000, adding $3,676 every year, while hoping to spend $50,754 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: 53/36/11 Blend
71$2,870,000$2,870,000$2,870,000$2,870,000
72$3,166,532$3,014,422$2,969,937$3,325,162
73$3,435,516$3,108,127$3,015,428$3,527,180
74$3,730,236$3,204,722$3,060,742$3,741,072
75$4,053,262$3,304,296$3,105,819$3,972,599
76$4,407,428$3,406,939$3,150,596$4,223,442
77$4,795,851$3,512,744$3,195,007$4,495,450
78$5,221,968$3,621,809$3,238,980$4,790,659
79$5,689,562$3,734,231$3,282,439$5,111,308
80$6,202,802$3,850,113$3,325,305$5,459,860
81$6,766,278$3,969,559$3,367,494$5,839,028
82$7,385,050$4,092,678$3,408,916$6,251,795
83$8,064,687$4,219,582$3,449,477$6,701,449
84$8,811,327$4,350,384$3,489,077$7,191,605
85$9,631,733$4,485,203$3,527,611$7,726,245
86$10,533,351$4,624,159$3,564,967$8,309,753
87$11,524,389$4,767,379$3,601,030$8,946,955
88$12,613,887$4,914,991$3,635,675$9,643,168
89$13,811,805$5,067,127$3,668,771$10,404,243
90$15,129,117$5,223,924$3,700,183$11,236,627
91$16,577,912$5,385,521$3,729,764$12,147,416
92$18,171,512$5,552,065$3,757,364$13,144,429
93$19,924,592$5,723,702$3,782,822$14,236,276
94$21,853,324$5,900,586$3,805,969$15,432,439
95$23,975,523$6,082,876$3,826,630$16,743,366
96$26,310,822$6,270,732$3,844,617$18,180,561
97$28,880,849$6,464,321$3,859,735$19,756,698
98$31,709,438$6,663,816$3,871,779$21,485,741
99$34,822,850$6,869,392$3,880,533$23,383,067
100$38,250,020$7,081,231$3,885,770$25,465,622