Can I retire at age 72 with 2,990,000?

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$246,911$244,712$242,566$240,472$238,427$231,165
2 years$122,233$119,957$117,751$115,611$113,537$106,283
3 years$80,679$78,393$76,192$74,073$72,032$65,014
4 years$59,907$57,627$55,449$53,366$51,374$44,645
5 years$47,446$45,180$43,030$40,990$39,054$32,632
6 years$39,142$36,893$34,775$32,780$30,902$24,793
7 years$33,213$30,983$28,898$26,950$25,131$19,336
8 years$28,768$26,558$24,508$22,608$20,849$15,362
9 years$25,312$23,124$21,109$19,257$17,558$12,374
10 years$22,550$20,382$18,403$16,600$14,960$10,073
11 years$20,291$18,145$16,202$14,447$12,866$8,266
12 years$18,410$16,286$14,379$12,672$11,150$6,827
13 years$16,819$14,718$12,846$11,187$9,723$5,668
14 years$15,457$13,378$11,542$9,931$8,523$4,725
15 years$14,278$12,221$10,421$8,856$7,504$3,953
16 years$13,247$11,213$9,448$7,930$6,632$3,316
17 years$12,338$10,326$8,598$7,125$5,881$2,788
18 years$11,531$9,542$7,849$6,421$5,229$2,348
19 years$10,810$8,844$7,185$5,802$4,660$1,982
20 years$10,162$8,218$6,594$5,255$4,163$1,674
21 years$9,576$7,655$6,065$4,769$3,725$1,416
22 years$9,045$7,145$5,590$4,336$3,339$1,199
23 years$8,560$6,683$5,161$3,949$2,997$1,016
24 years$8,116$6,261$4,773$3,602$2,694$861
25 years$7,709$5,876$4,421$3,289$2,424$731
26 years$7,333$5,523$4,100$3,008$2,184$620
27 years$6,986$5,197$3,808$2,753$1,969$527
28 years$6,664$4,897$3,540$2,522$1,777$447
29 years$6,365$4,620$3,294$2,313$1,604$380
30 years$6,086$4,363$3,068$2,123$1,449$323
31 years$5,826$4,125$2,860$1,950$1,310$275
32 years$5,583$3,903$2,669$1,792$1,185$233
33 years$5,355$3,696$2,492$1,648$1,073$199
34 years$5,140$3,503$2,328$1,516$971$169
35 years$4,939$3,323$2,177$1,396$880$144
36 years$4,749$3,154$2,036$1,285$797$122
37 years$4,570$2,995$1,906$1,184$722$104
38 years$4,400$2,846$1,785$1,091$655$88
39 years$4,240$2,707$1,672$1,006$594$75
40 years$4,088$2,575$1,567$928$539$64
41 years$3,944$2,451$1,470$856$489$54
42 years$3,807$2,335$1,379$790$443$46
43 years$3,676$2,224$1,294$730$402$39
44 years$3,553$2,120$1,214$674$365$34
45 years$3,434$2,022$1,140$622$332$29
46 years$3,322$1,929$1,071$575$301$24
47 years$3,214$1,841$1,006$531$273$21
48 years$3,112$1,757$945$491$248$18
49 years$3,013$1,678$889$453$226$15
50 years$2,919$1,603$835$419$205$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,990,000, adding $3,849 every year, while hoping to spend $23,922 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: 79/5/16 Blend
71$2,990,000$2,990,000$2,990,000$2,990,000
72$3,298,950$3,140,480$3,094,135$3,548,014
73$3,609,990$3,268,911$3,172,336$3,841,067
74$3,951,955$3,402,833$3,252,355$4,159,101
75$4,327,973$3,542,490$3,334,227$4,507,391
76$4,741,491$3,688,138$3,417,989$4,888,958
77$5,196,309$3,840,042$3,503,677$5,307,127
78$5,696,610$3,998,481$3,591,328$5,765,564
79$6,247,005$4,163,749$3,680,979$6,268,303
80$6,852,576$4,336,148$3,772,667$6,819,790
81$7,518,918$4,515,999$3,866,431$7,424,920
82$8,252,200$4,703,635$3,962,309$8,089,087
83$9,059,216$4,899,405$4,060,338$8,818,231
84$9,947,455$5,103,675$4,160,558$9,618,897
85$10,925,166$5,316,826$4,263,008$10,498,294
86$12,001,441$5,539,258$4,367,726$11,464,363
87$13,186,296$5,771,389$4,474,753$12,525,853
88$14,490,768$6,013,658$4,584,128$13,692,403
89$15,927,020$6,266,520$4,695,889$14,974,632
90$17,508,453$6,530,457$4,810,078$16,384,238
91$19,249,834$6,805,967$4,926,734$17,934,110
92$21,167,434$7,093,577$5,045,897$19,638,447
93$23,279,184$7,393,834$5,167,606$21,512,897
94$25,604,841$7,707,312$5,291,902$23,574,695
95$28,166,178$8,034,614$5,418,824$25,842,834
96$30,987,185$8,376,367$5,548,411$28,338,240
97$34,094,299$8,733,229$5,680,703$31,083,969
98$37,516,650$9,105,890$5,815,740$34,105,425
99$41,286,340$9,495,071$5,953,559$37,430,598
100$45,438,743$9,901,526$6,094,200$41,090,330