Can I retire at age 72 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$240,305$238,165$236,076$234,038$232,047$225,251
2 years$118,963$116,747$114,600$112,518$110,499$103,707
3 years$78,521$76,296$74,154$72,091$70,105$63,530
4 years$58,304$56,085$53,965$51,938$49,999$43,692
5 years$46,177$43,972$41,879$39,893$38,009$31,986
6 years$38,095$35,906$33,845$31,903$30,075$24,343
7 years$32,324$30,154$28,125$26,229$24,459$19,017
8 years$27,998$25,847$23,852$22,003$20,291$15,135
9 years$24,635$22,505$20,544$18,742$17,088$12,214
10 years$21,946$19,837$17,911$16,156$14,560$9,961
11 years$19,748$17,660$15,768$14,060$12,522$8,190
12 years$17,917$15,850$13,994$12,333$10,851$6,778
13 years$16,369$14,324$12,503$10,888$9,463$5,638
14 years$15,044$13,020$11,234$9,665$8,295$4,710
15 years$13,896$11,894$10,142$8,620$7,303$3,948
16 years$12,892$10,913$9,196$7,718$6,455$3,319
17 years$12,008$10,050$8,368$6,934$5,723$2,797
18 years$11,223$9,287$7,639$6,249$5,089$2,362
19 years$10,521$8,607$6,993$5,647$4,536$1,997
20 years$9,890$7,998$6,418$5,114$4,051$1,691
21 years$9,320$7,450$5,903$4,641$3,626$1,434
22 years$8,803$6,954$5,441$4,220$3,250$1,217
23 years$8,331$6,504$5,023$3,843$2,917$1,033
24 years$7,899$6,094$4,646$3,505$2,622$878
25 years$7,502$5,719$4,303$3,201$2,359$747
26 years$7,137$5,375$3,991$2,927$2,125$636
27 years$6,799$5,058$3,706$2,679$1,916$541
28 years$6,486$4,766$3,445$2,455$1,729$461
29 years$6,195$4,497$3,206$2,251$1,561$392
30 years$5,924$4,246$2,986$2,066$1,411$334
31 years$5,670$4,014$2,784$1,897$1,275$285
32 years$5,433$3,798$2,597$1,744$1,154$243
33 years$5,211$3,597$2,425$1,604$1,044$207
34 years$5,003$3,409$2,266$1,475$945$176
35 years$4,807$3,234$2,119$1,358$856$150
36 years$4,622$3,069$1,982$1,251$776$128
37 years$4,447$2,915$1,855$1,152$703$109
38 years$4,282$2,770$1,737$1,062$637$93
39 years$4,126$2,634$1,627$979$578$80
40 years$3,978$2,506$1,525$903$524$68
41 years$3,838$2,386$1,430$834$476$58
42 years$3,705$2,272$1,342$769$432$49
43 years$3,578$2,165$1,259$710$392$42
44 years$3,457$2,064$1,182$656$356$36
45 years$3,343$1,968$1,110$606$323$31
46 years$3,233$1,877$1,042$559$293$26
47 years$3,128$1,791$979$517$266$22
48 years$3,028$1,710$920$477$242$19
49 years$2,933$1,633$865$441$219$16
50 years$2,841$1,560$813$408$199$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,910,000, adding $3,893 every year, while hoping to spend $28,656 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: 74/16/10 Blend
71$2,910,000$2,910,000$2,910,000$2,910,000
72$3,210,836$3,056,606$3,011,501$3,442,283
73$3,507,851$3,175,890$3,081,896$3,714,780
74$3,834,202$3,300,058$3,153,689$4,009,256
75$4,192,849$3,429,320$3,226,897$4,331,073
76$4,587,057$3,563,894$3,301,535$4,682,931
77$5,020,420$3,704,008$3,377,620$5,067,802
78$5,496,899$3,849,900$3,455,166$5,488,956
79$6,020,857$4,001,820$3,534,189$5,949,995
80$6,597,102$4,160,026$3,614,702$6,454,886
81$7,230,931$4,324,792$3,696,718$7,007,995
82$7,928,179$4,496,400$3,780,252$7,614,129
83$8,695,277$4,675,147$3,865,314$8,278,585
84$9,539,309$4,861,343$3,951,916$9,007,191
85$10,468,082$5,055,312$4,040,068$9,806,370
86$11,490,196$5,257,392$4,129,780$10,683,193
87$12,615,128$5,467,936$4,221,060$11,645,449
88$13,853,321$5,687,315$4,313,915$12,701,716
89$15,216,279$5,915,914$4,408,351$13,861,442
90$16,716,683$6,154,136$4,504,374$15,135,035
91$18,368,500$6,402,405$4,601,986$16,533,957
92$20,187,124$6,661,160$4,701,190$18,070,837
93$22,189,517$6,930,862$4,801,985$19,759,582
94$24,394,367$7,211,994$4,904,372$21,615,515
95$26,822,270$7,505,060$5,008,346$23,655,515
96$29,495,920$7,810,585$5,113,903$25,898,176
97$32,440,321$8,129,122$5,221,037$28,363,982
98$35,683,030$8,461,245$5,329,737$31,075,499
99$39,254,409$8,807,556$5,439,994$34,057,588
100$43,187,919$9,168,686$5,551,793$37,337,639