Can I retire at age 72 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$264,253$261,899$259,603$257,361$255,172$250,945
2 years$130,818$128,382$126,021$123,731$121,511$117,264
3 years$86,346$83,899$81,544$79,276$77,091$72,958
4 years$64,114$61,675$59,343$57,114$54,982$50,993
5 years$50,778$48,354$46,053$43,869$41,797$37,964
6 years$41,891$39,484$37,217$35,082$33,072$29,400
7 years$35,545$33,159$30,928$28,843$26,897$23,386
8 years$30,788$28,423$26,229$24,196$22,313$18,964
9 years$27,090$24,748$22,591$20,609$18,791$15,601
10 years$24,133$21,814$19,696$17,766$16,011$12,977
11 years$21,716$19,420$17,340$15,461$13,770$10,890
12 years$19,703$17,430$15,388$13,562$11,933$9,202
13 years$18,000$15,752$13,749$11,973$10,406$7,820
14 years$16,543$14,318$12,353$10,628$9,121$6,677
15 years$15,281$13,080$11,153$9,478$8,031$5,724
16 years$14,177$12,000$10,112$8,487$7,098$4,922
17 years$13,205$11,052$9,202$7,625$6,294$4,245
18 years$12,341$10,212$8,400$6,872$5,596$3,669
19 years$11,569$9,465$7,690$6,210$4,988$3,178
20 years$10,876$8,795$7,057$5,624$4,455$2,757
21 years$10,249$8,192$6,491$5,104$3,987$2,395
22 years$9,680$7,647$5,983$4,641$3,574$2,084
23 years$9,161$7,152$5,524$4,226$3,208$1,815
24 years$8,686$6,701$5,109$3,855$2,883$1,582
25 years$8,250$6,289$4,732$3,520$2,595$1,380
26 years$7,848$5,910$4,388$3,219$2,337$1,205
27 years$7,477$5,562$4,075$2,946$2,107$1,052
28 years$7,132$5,241$3,788$2,699$1,901$920
29 years$6,812$4,945$3,525$2,475$1,717$804
30 years$6,514$4,670$3,284$2,272$1,551$703
31 years$6,235$4,414$3,061$2,087$1,402$615
32 years$5,975$4,177$2,856$1,918$1,269$539
33 years$5,731$3,956$2,667$1,763$1,148$472
34 years$5,501$3,749$2,492$1,622$1,039$413
35 years$5,286$3,556$2,330$1,494$942$362
36 years$5,082$3,375$2,179$1,376$853$317
37 years$4,890$3,206$2,040$1,267$773$278
38 years$4,709$3,046$1,910$1,168$701$243
39 years$4,538$2,897$1,790$1,077$636$213
40 years$4,375$2,756$1,677$993$577$187
41 years$4,221$2,624$1,573$917$523$164
42 years$4,074$2,499$1,475$846$475$144
43 years$3,935$2,381$1,384$781$431$126
44 years$3,802$2,269$1,300$721$391$110
45 years$3,676$2,164$1,220$666$355$97
46 years$3,555$2,064$1,146$615$322$85
47 years$3,440$1,970$1,077$568$293$74
48 years$3,330$1,881$1,012$525$266$65
49 years$3,225$1,796$951$485$241$57
50 years$3,124$1,715$894$449$219$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $3,200,000, adding $2,320 every year, while hoping to spend $43,144 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: 34/47/19 Blend
71$3,200,000$3,200,000$3,200,000$3,200,000
72$3,528,793$3,359,193$3,309,593$3,628,086
73$3,842,825$3,477,889$3,374,560$3,820,120
74$4,187,442$3,600,954$3,440,256$4,022,909
75$4,565,719$3,728,559$3,506,663$4,240,690
76$4,981,041$3,860,877$3,573,755$4,474,813
77$5,437,140$3,998,092$3,641,508$4,726,761
78$5,938,123$4,140,394$3,709,893$4,998,162
79$6,488,518$4,287,979$3,778,881$5,290,803
80$7,093,312$4,441,055$3,848,438$5,606,648
81$7,757,997$4,599,835$3,918,529$5,947,855
82$8,488,628$4,764,542$3,989,115$6,316,792
83$9,291,871$4,935,408$4,060,153$6,716,065
84$10,175,074$5,112,674$4,131,600$7,148,537
85$11,146,329$5,296,593$4,203,406$7,617,355
86$12,214,554$5,487,425$4,275,520$8,125,979
87$13,389,574$5,685,445$4,347,886$8,678,214
88$14,682,214$5,890,935$4,420,443$9,278,244
89$16,104,401$6,104,192$4,493,129$9,930,671
90$17,669,276$6,325,523$4,565,874$10,640,558
91$19,391,318$6,555,249$4,638,607$11,413,474
92$21,286,481$6,793,705$4,711,249$12,255,546
93$23,372,344$7,041,239$4,783,718$13,173,516
94$25,668,277$7,298,213$4,855,926$14,174,803
95$28,195,621$7,565,006$4,927,780$15,267,573
96$30,977,893$7,842,010$4,999,179$16,460,810
97$34,041,006$8,129,636$5,070,020$17,764,405
98$37,413,513$8,428,313$5,140,190$19,189,246
99$41,126,876$8,738,485$5,209,570$20,747,318
100$45,215,763$9,060,616$5,278,037$22,451,815