Can I retire at age 72 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$255,995$253,715$251,490$249,319$247,198$240,637
2 years$126,730$124,370$122,083$119,865$117,714$111,149
3 years$83,648$81,277$78,996$76,799$74,682$68,320
4 years$62,110$59,747$57,489$55,329$53,264$47,152
5 years$49,192$46,843$44,613$42,498$40,490$34,647
6 years$40,582$38,251$36,054$33,986$32,039$26,468
7 years$34,434$32,123$29,961$27,942$26,056$20,760
8 years$29,826$27,535$25,410$23,440$21,616$16,591
9 years$26,243$23,974$21,885$19,965$18,204$13,445
10 years$23,379$21,132$19,080$17,210$15,511$11,013
11 years$21,037$18,813$16,798$14,978$13,340$9,096
12 years$19,087$16,885$14,908$13,138$11,560$7,562
13 years$17,438$15,259$13,319$11,599$10,080$6,321
14 years$16,026$13,870$11,967$10,296$8,836$5,306
15 years$14,803$12,671$10,805$9,182$7,780$4,470
16 years$13,734$11,625$9,796$8,222$6,876$3,777
17 years$12,792$10,706$8,914$7,387$6,097$3,199
18 years$11,956$9,893$8,137$6,657$5,421$2,715
19 years$11,208$9,169$7,449$6,015$4,832$2,308
20 years$10,536$8,520$6,837$5,448$4,316$1,965
21 years$9,929$7,936$6,288$4,945$3,862$1,675
22 years$9,377$7,408$5,796$4,496$3,462$1,429
23 years$8,875$6,929$5,351$4,094$3,108$1,220
24 years$8,415$6,492$4,949$3,734$2,793$1,043
25 years$7,992$6,092$4,584$3,410$2,514$892
26 years$7,603$5,726$4,251$3,118$2,264$763
27 years$7,243$5,389$3,948$2,854$2,041$653
28 years$6,909$5,078$3,670$2,615$1,842$559
29 years$6,599$4,790$3,415$2,398$1,663$479
30 years$6,310$4,524$3,181$2,201$1,503$411
31 years$6,041$4,276$2,966$2,021$1,359$352
32 years$5,788$4,046$2,767$1,858$1,229$302
33 years$5,552$3,832$2,584$1,708$1,112$259
34 years$5,329$3,632$2,414$1,572$1,007$222
35 years$5,120$3,445$2,257$1,447$912$190
36 years$4,924$3,270$2,111$1,333$826$163
37 years$4,738$3,105$1,976$1,228$749$140
38 years$4,562$2,951$1,850$1,132$679$120
39 years$4,396$2,806$1,734$1,043$616$103
40 years$4,238$2,670$1,625$962$559$88
41 years$4,089$2,542$1,524$888$507$76
42 years$3,947$2,420$1,429$819$460$65
43 years$3,812$2,306$1,341$756$417$56
44 years$3,683$2,198$1,259$698$379$48
45 years$3,561$2,096$1,182$645$344$41
46 years$3,444$2,000$1,110$596$312$35
47 years$3,333$1,908$1,043$550$283$30
48 years$3,226$1,822$980$509$257$26
49 years$3,124$1,740$921$470$234$22
50 years$3,027$1,662$866$435$212$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $3,100,000, adding $3,728 every year, while hoping to spend $53,922 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: 68/15/17 Blend
71$3,100,000$3,100,000$3,100,000$3,100,000
72$3,420,045$3,255,745$3,207,695$3,638,396
73$3,711,517$3,357,904$3,257,781$3,886,733
74$4,030,912$3,463,262$3,307,736$4,151,578
75$4,381,022$3,571,918$3,357,502$4,439,930
76$4,764,919$3,683,975$3,407,011$4,754,097
77$5,185,990$3,799,539$3,456,196$5,096,620
78$5,647,965$3,918,720$3,504,982$5,470,298
79$6,154,951$4,041,631$3,553,292$5,878,215
80$6,711,472$4,168,387$3,601,044$6,323,764
81$7,322,513$4,299,109$3,648,150$6,810,684
82$7,993,565$4,433,921$3,694,518$7,343,093
83$8,730,674$4,572,949$3,740,050$7,925,526
84$9,540,504$4,716,324$3,784,643$8,562,979
85$10,430,395$4,864,184$3,828,188$9,260,953
86$11,408,433$5,016,666$3,870,570$10,025,511
87$12,483,525$5,173,915$3,911,666$10,863,329
88$13,665,488$5,336,080$3,951,350$11,781,763
89$14,965,132$5,503,313$3,989,485$12,788,916
90$16,394,373$5,675,772$4,025,930$13,893,715
91$17,966,333$5,853,619$4,060,533$15,105,996
92$19,695,476$6,037,023$4,093,137$16,436,594
93$21,597,733$6,226,156$4,123,576$17,897,445
94$23,690,659$6,421,195$4,151,673$19,501,704
95$25,993,598$6,622,326$4,177,246$21,263,861
96$28,527,862$6,829,736$4,200,100$23,199,882
97$31,316,932$7,043,621$4,220,032$25,327,360
98$34,386,682$7,264,182$4,236,826$27,665,678
99$37,765,624$7,491,627$4,250,260$30,236,194
100$41,485,169$7,726,168$4,260,095$33,062,439