Can I retire at age 72 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$280,769$278,268$275,828$273,446$271,121$264,782
2 years$138,994$136,406$133,897$131,465$129,105$122,755
3 years$91,743$89,143$86,640$84,231$81,910$75,746
4 years$68,121$65,529$63,052$60,683$58,419$52,490
5 years$53,952$51,376$48,931$46,611$44,409$38,731
6 years$44,509$41,952$39,543$37,275$35,139$29,718
7 years$37,767$35,231$32,861$30,646$28,578$23,414
8 years$32,712$30,200$27,869$25,708$23,708$18,800
9 years$28,783$26,294$24,003$21,897$19,965$15,309
10 years$25,642$23,177$20,926$18,876$17,012$12,602
11 years$23,073$20,633$18,423$16,428$14,631$10,462
12 years$20,934$18,519$16,350$14,409$12,679$8,744
13 years$19,126$16,736$14,608$12,721$11,056$7,347
14 years$17,577$15,213$13,125$11,292$9,692$6,202
15 years$16,236$13,897$11,850$10,071$8,533$5,254
16 years$15,063$12,750$10,744$9,017$7,542$4,464
17 years$14,030$11,742$9,777$8,102$6,687$3,803
18 years$13,112$10,851$8,925$7,302$5,946$3,247
19 years$12,293$10,056$8,170$6,598$5,300$2,777
20 years$11,556$9,345$7,498$5,975$4,734$2,378
21 years$10,890$8,704$6,897$5,423$4,236$2,040
22 years$10,285$8,125$6,357$4,931$3,797$1,751
23 years$9,734$7,599$5,869$4,491$3,408$1,505
24 years$9,229$7,120$5,428$4,096$3,064$1,295
25 years$8,766$6,682$5,027$3,740$2,757$1,114
26 years$8,339$6,280$4,663$3,420$2,483$959
27 years$7,944$5,910$4,330$3,130$2,239$827
28 years$7,578$5,569$4,025$2,868$2,020$713
29 years$7,238$5,254$3,746$2,630$1,824$614
30 years$6,921$4,962$3,489$2,414$1,648$530
31 years$6,625$4,690$3,253$2,217$1,490$457
32 years$6,348$4,438$3,035$2,037$1,348$395
33 years$6,089$4,203$2,834$1,874$1,220$341
34 years$5,845$3,983$2,648$1,724$1,104$294
35 years$5,616$3,778$2,475$1,587$1,000$254
36 years$5,400$3,586$2,316$1,461$906$219
37 years$5,196$3,406$2,167$1,347$821$189
38 years$5,003$3,237$2,030$1,241$745$164
39 years$4,821$3,078$1,901$1,144$675$141
40 years$4,648$2,928$1,782$1,056$613$122
41 years$4,484$2,788$1,671$974$556$105
42 years$4,329$2,655$1,568$899$504$91
43 years$4,181$2,529$1,471$830$458$79
44 years$4,040$2,411$1,381$766$415$68
45 years$3,905$2,299$1,297$707$377$59
46 years$3,777$2,193$1,218$654$342$51
47 years$3,655$2,093$1,144$604$311$44
48 years$3,538$1,998$1,075$558$282$38
49 years$3,426$1,908$1,011$516$256$33
50 years$3,320$1,823$950$477$233$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $3,400,000, adding $4,891 every year, while hoping to spend $27,621 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: 33/49/18 Blend
71$3,400,000$3,400,000$3,400,000$3,400,000
72$3,751,845$3,571,645$3,518,945$3,854,565
73$4,105,145$3,717,267$3,607,441$4,076,554
74$4,493,555$3,869,099$3,697,976$4,312,747
75$4,920,629$4,027,416$3,790,589$4,566,723
76$5,390,279$4,192,505$3,885,320$4,840,059
77$5,906,817$4,364,667$3,982,208$5,134,485
78$6,474,994$4,544,218$4,081,294$5,451,899
79$7,100,044$4,731,485$4,182,618$5,794,380
80$7,787,735$4,926,814$4,286,221$6,164,211
81$8,544,419$5,130,563$4,392,145$6,563,894
82$9,377,099$5,343,110$4,500,431$6,996,178
83$10,293,488$5,564,848$4,611,121$7,464,077
84$11,302,087$5,796,188$4,724,256$7,970,902
85$12,412,261$6,037,562$4,839,880$8,520,289
86$13,634,329$6,289,421$4,958,034$9,116,230
87$14,979,663$6,552,235$5,078,760$9,763,110
88$16,460,792$6,826,497$5,202,102$10,465,747
89$18,091,522$7,112,725$5,328,101$11,229,436
90$19,887,065$7,411,457$5,456,801$12,059,993
91$21,864,186$7,723,258$5,588,244$12,963,815
92$24,041,355$8,048,720$5,722,472$13,947,928
93$26,438,927$8,388,461$5,859,529$15,020,062
94$29,079,330$8,743,128$5,999,455$16,188,713
95$31,987,278$9,113,397$6,142,293$17,463,225
96$35,190,005$9,499,979$6,288,085$18,853,874
97$38,717,522$9,903,614$6,436,872$20,371,962
98$42,602,896$10,325,078$6,588,694$22,029,922
99$46,882,568$10,765,184$6,743,592$23,841,430
100$51,596,694$11,224,781$6,901,606$25,821,534