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%16.4%
1 years$264,253$261,899$259,603$257,361$255,172$248,500
2 years$130,818$128,382$126,021$123,731$121,511$114,834
3 years$86,346$83,899$81,544$79,276$77,091$70,619
4 years$64,114$61,675$59,343$57,114$54,982$48,764
5 years$50,778$48,354$46,053$43,869$41,797$35,850
6 years$41,891$39,484$37,217$35,082$33,072$27,402
7 years$35,545$33,159$30,928$28,843$26,897$21,504
8 years$30,788$28,423$26,229$24,196$22,313$17,196
9 years$27,090$24,748$22,591$20,609$18,791$13,944
10 years$24,133$21,814$19,696$17,766$16,011$11,429
11 years$21,716$19,420$17,340$15,461$13,770$9,445
12 years$19,703$17,430$15,388$13,562$11,933$7,858
13 years$18,000$15,752$13,749$11,973$10,406$6,572
14 years$16,543$14,318$12,353$10,628$9,121$5,521
15 years$15,281$13,080$11,153$9,478$8,031$4,654
16 years$14,177$12,000$10,112$8,487$7,098$3,935
17 years$13,205$11,052$9,202$7,625$6,294$3,335
18 years$12,341$10,212$8,400$6,872$5,596$2,833
19 years$11,569$9,465$7,690$6,210$4,988$2,410
20 years$10,876$8,795$7,057$5,624$4,455$2,053
21 years$10,249$8,192$6,491$5,104$3,987$1,752
22 years$9,680$7,647$5,983$4,641$3,574$1,496
23 years$9,161$7,152$5,524$4,226$3,208$1,278
24 years$8,686$6,701$5,109$3,855$2,883$1,093
25 years$8,250$6,289$4,732$3,520$2,595$936
26 years$7,848$5,910$4,388$3,219$2,337$801
27 years$7,477$5,562$4,075$2,946$2,107$687
28 years$7,132$5,241$3,788$2,699$1,901$588
29 years$6,812$4,945$3,525$2,475$1,717$505
30 years$6,514$4,670$3,284$2,272$1,551$433
31 years$6,235$4,414$3,061$2,087$1,402$371
32 years$5,975$4,177$2,856$1,918$1,269$318
33 years$5,731$3,956$2,667$1,763$1,148$273
34 years$5,501$3,749$2,492$1,622$1,039$235
35 years$5,286$3,556$2,330$1,494$942$201
36 years$5,082$3,375$2,179$1,376$853$173
37 years$4,890$3,206$2,040$1,267$773$148
38 years$4,709$3,046$1,910$1,168$701$127
39 years$4,538$2,897$1,790$1,077$636$109
40 years$4,375$2,756$1,677$993$577$94
41 years$4,221$2,624$1,573$917$523$81
42 years$4,074$2,499$1,475$846$475$69
43 years$3,935$2,381$1,384$781$431$60
44 years$3,802$2,269$1,300$721$391$51
45 years$3,676$2,164$1,220$666$355$44
46 years$3,555$2,064$1,146$615$322$38
47 years$3,440$1,970$1,077$568$293$32
48 years$3,330$1,881$1,012$525$266$28
49 years$3,225$1,796$951$485$241$24
50 years$3,124$1,715$894$449$219$21

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 $5,294 every year, while hoping to spend $43,152 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: 63/32/5 Blend
71$3,200,000$3,200,000$3,200,000$3,200,000
72$3,531,861$3,362,261$3,312,661$3,751,409
73$3,846,197$3,481,098$3,377,722$4,017,087
74$4,191,150$3,604,312$3,443,516$4,301,452
75$4,569,795$3,732,072$3,510,022$4,610,775
76$4,985,524$3,864,553$3,577,217$4,947,469
77$5,442,070$4,001,939$3,645,076$5,314,184
78$5,943,546$4,144,419$3,713,572$5,713,840
79$6,494,484$4,292,192$3,782,672$6,149,647
80$7,099,876$4,445,463$3,852,346$6,625,139
81$7,765,220$4,604,448$3,922,557$7,144,204
82$8,496,576$4,769,370$3,993,266$7,711,121
83$9,300,619$4,940,461$4,064,432$8,330,601
84$10,184,702$5,117,963$4,136,010$9,007,828
85$11,156,927$5,302,128$4,207,952$9,748,509
86$12,226,220$5,493,219$4,280,205$10,558,927
87$13,402,417$5,691,510$4,352,715$11,445,999
88$14,696,353$5,897,283$4,425,420$12,417,341
89$16,119,968$6,110,837$4,498,259$13,481,337
90$17,686,416$6,332,479$4,571,162$14,647,221
91$19,410,192$6,562,532$4,644,057$15,925,161
92$21,307,265$6,801,329$4,716,866$17,326,351
93$23,395,232$7,049,221$4,789,507$18,863,122
94$25,693,483$7,306,570$4,861,893$20,549,052
95$28,223,381$7,573,755$4,933,929$22,399,097
96$31,008,467$7,851,170$5,005,518$24,429,727
97$34,074,681$8,139,228$5,076,553$26,659,083
98$37,450,604$8,438,356$5,146,923$29,107,148
99$41,167,731$8,749,001$5,216,510$31,795,930
100$45,260,766$9,071,628$5,285,190$34,749,673