Can I retire at age 72 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$239,479$237,346$235,265$233,234$231,250$230,179
2 years$118,554$116,346$114,206$112,132$110,119$109,038
3 years$78,251$76,033$73,899$71,844$69,864$68,806
4 years$58,103$55,893$53,780$51,759$49,828$48,801
5 years$46,018$43,821$41,735$39,756$37,878$36,886
6 years$37,964$35,783$33,728$31,793$29,972$29,016
7 years$32,213$30,050$28,028$26,139$24,375$23,456
8 years$27,902$25,759$23,770$21,927$20,221$19,338
9 years$24,550$22,428$20,473$18,677$17,029$16,183
10 years$21,871$19,769$17,849$16,100$14,510$13,699
11 years$19,680$17,599$15,714$14,012$12,479$11,703
12 years$17,855$15,796$13,946$12,290$10,814$10,073
13 years$16,313$14,275$12,460$10,850$9,430$8,723
14 years$14,992$12,975$11,195$9,632$8,266$7,593
15 years$13,848$11,853$10,108$8,590$7,278$6,637
16 years$12,848$10,875$9,164$7,691$6,433$5,823
17 years$11,967$10,016$8,339$6,911$5,704$5,124
18 years$11,184$9,255$7,612$6,228$5,071$4,522
19 years$10,485$8,577$6,969$5,627$4,520$3,999
20 years$9,856$7,970$6,396$5,097$4,038$3,544
21 years$9,288$7,424$5,883$4,626$3,613$3,147
22 years$8,772$6,930$5,422$4,206$3,239$2,798
23 years$8,302$6,482$5,006$3,830$2,907$2,491
24 years$7,872$6,073$4,630$3,493$2,613$2,220
25 years$7,477$5,699$4,288$3,190$2,351$1,981
26 years$7,112$5,356$3,977$2,917$2,118$1,770
27 years$6,776$5,041$3,693$2,670$1,910$1,582
28 years$6,463$4,750$3,433$2,446$1,723$1,415
29 years$6,173$4,481$3,195$2,243$1,556$1,267
30 years$5,903$4,232$2,976$2,059$1,406$1,135
31 years$5,651$4,001$2,774$1,891$1,271$1,017
32 years$5,415$3,785$2,588$1,738$1,150$912
33 years$5,193$3,585$2,417$1,598$1,040$818
34 years$4,986$3,398$2,258$1,470$942$734
35 years$4,790$3,223$2,111$1,354$853$658
36 years$4,606$3,059$1,975$1,247$773$591
37 years$4,432$2,905$1,849$1,149$701$531
38 years$4,268$2,761$1,731$1,059$635$477
39 years$4,112$2,625$1,622$976$576$428
40 years$3,965$2,498$1,520$900$522$385
41 years$3,825$2,378$1,425$831$474$346
42 years$3,692$2,264$1,337$767$430$311
43 years$3,566$2,157$1,255$708$390$280
44 years$3,446$2,056$1,178$653$354$251
45 years$3,331$1,961$1,106$603$322$226
46 years$3,222$1,871$1,039$557$292$203
47 years$3,118$1,785$976$515$265$183
48 years$3,018$1,704$917$476$241$164
49 years$2,923$1,628$862$440$219$148
50 years$2,831$1,555$810$406$199$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,900,000, adding $6,515 every year, while hoping to spend $21,857 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: 58/30/12 Blend
71$2,900,000$2,900,000$2,900,000$2,900,000
72$3,202,520$3,048,820$3,003,870$3,378,403
73$3,505,922$3,174,957$3,081,244$3,623,951
74$3,839,537$3,306,541$3,160,478$3,888,478
75$4,206,426$3,443,818$3,241,610$4,176,300
76$4,609,959$3,587,042$3,324,680$4,489,658
77$5,053,847$3,736,480$3,409,730$4,831,012
78$5,542,183$3,892,411$3,496,799$5,203,071
79$6,079,473$4,055,127$3,585,930$5,608,813
80$6,670,685$4,224,933$3,677,164$6,051,514
81$7,321,291$4,402,151$3,770,545$6,534,777
82$8,037,319$4,587,113$3,866,115$7,062,567
83$8,825,414$4,780,169$3,963,918$7,639,245
84$9,692,895$4,981,687$4,063,998$8,269,612
85$10,647,829$5,192,048$4,166,401$8,958,949
86$11,699,104$5,411,655$4,271,171$9,713,068
87$12,856,512$5,640,925$4,378,355$10,538,367
88$14,130,845$5,880,300$4,487,999$11,441,887
89$15,533,994$6,130,237$4,600,149$12,431,378
90$17,079,060$6,391,217$4,714,853$13,515,373
91$18,780,482$6,663,745$4,832,159$14,703,263
92$20,654,169$6,948,346$4,952,114$16,005,389
93$22,717,652$7,245,572$5,074,767$17,433,136
94$24,990,247$7,556,001$5,200,167$18,999,038
95$27,493,242$7,880,235$5,328,362$20,716,897
96$30,250,094$8,218,907$5,459,403$22,601,911
97$33,286,649$8,572,679$5,593,339$24,670,815
98$36,631,391$8,942,244$5,730,220$26,942,039
99$40,315,706$9,328,327$5,870,095$29,435,877
100$44,374,180$9,731,687$6,013,015$32,174,681