Can I retire at age 72 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$289,027$286,452$283,940$281,489$279,095$270,703
2 years$143,083$140,418$137,835$135,331$132,902$124,518
3 years$94,441$91,765$89,188$86,708$84,319$76,206
4 years$70,125$67,457$64,906$62,468$60,137$52,357
5 years$55,539$52,887$50,370$47,982$45,715$38,289
6 years$45,818$43,186$40,706$38,371$36,173$29,107
7 years$38,878$36,268$33,827$31,547$29,418$22,713
8 years$33,674$31,088$28,688$26,464$24,405$18,056
9 years$29,630$27,068$24,709$22,542$20,553$14,553
10 years$26,396$23,859$21,542$19,431$17,512$11,853
11 years$23,752$21,240$18,965$16,911$15,061$9,734
12 years$21,550$19,064$16,831$14,833$13,051$8,045
13 years$19,688$17,228$15,038$13,095$11,381$6,683
14 years$18,094$15,660$13,511$11,625$9,977$5,575
15 years$16,713$14,306$12,199$10,367$8,784$4,667
16 years$15,506$13,125$11,060$9,283$7,763$3,918
17 years$14,443$12,088$10,064$8,340$6,884$3,297
18 years$13,498$11,170$9,187$7,516$6,121$2,779
19 years$12,654$10,352$8,411$6,792$5,455$2,347
20 years$11,895$9,620$7,719$6,151$4,873$1,984
21 years$11,210$8,960$7,100$5,583$4,361$1,680
22 years$10,587$8,364$6,544$5,076$3,909$1,423
23 years$10,020$7,823$6,042$4,623$3,509$1,207
24 years$9,501$7,329$5,588$4,216$3,154$1,024
25 years$9,024$6,878$5,175$3,850$2,838$870
26 years$8,584$6,464$4,800$3,521$2,556$739
27 years$8,177$6,084$4,457$3,223$2,305$628
28 years$7,801$5,733$4,143$2,953$2,080$534
29 years$7,451$5,408$3,856$2,708$1,878$454
30 years$7,124$5,107$3,592$2,485$1,697$386
31 years$6,820$4,828$3,348$2,282$1,534$328
32 years$6,535$4,569$3,124$2,097$1,388$279
33 years$6,268$4,326$2,917$1,929$1,256$238
34 years$6,017$4,100$2,725$1,775$1,137$202
35 years$5,781$3,889$2,548$1,634$1,030$172
36 years$5,559$3,691$2,384$1,504$933$147
37 years$5,349$3,506$2,231$1,386$846$125
38 years$5,151$3,332$2,089$1,278$767$106
39 years$4,963$3,168$1,957$1,178$695$91
40 years$4,785$3,014$1,835$1,087$631$77
41 years$4,616$2,869$1,720$1,003$572$66
42 years$4,456$2,733$1,614$925$519$56
43 years$4,304$2,604$1,514$854$471$48
44 years$4,158$2,482$1,421$789$428$41
45 years$4,020$2,367$1,335$728$388$35
46 years$3,888$2,258$1,254$673$352$29
47 years$3,763$2,155$1,178$622$320$25
48 years$3,642$2,057$1,107$574$291$21
49 years$3,527$1,964$1,040$531$264$18
50 years$3,417$1,876$978$491$240$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $3,500,000, adding $2,388 every year, while hoping to spend $33,418 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: 66/13/21 Blend
71$3,500,000$3,500,000$3,500,000$3,500,000
72$3,859,463$3,673,963$3,619,713$4,093,489
73$4,217,572$3,818,431$3,705,417$4,395,319
74$4,611,088$3,968,858$3,792,872$4,721,116
75$5,043,587$4,125,500$3,882,101$5,076,502
76$5,519,009$4,288,626$3,973,128$5,464,384
77$6,041,695$4,458,516$4,065,975$5,887,962
78$6,616,428$4,635,462$4,160,665$6,350,760
79$7,248,475$4,819,771$4,257,218$6,856,655
80$7,943,641$5,011,762$4,355,657$7,409,920
81$8,708,323$5,211,769$4,456,003$8,015,254
82$9,549,568$5,420,141$4,558,274$8,677,836
83$10,475,138$5,637,242$4,662,491$9,403,366
84$11,493,589$5,863,455$4,768,671$10,198,123
85$12,614,347$6,099,176$4,876,834$11,069,020
86$13,847,798$6,344,822$4,986,995$12,023,672
87$15,205,384$6,600,829$5,099,170$13,070,464
88$16,699,714$6,867,651$5,213,373$14,218,633
89$18,344,683$7,145,765$5,329,620$15,478,351
90$20,155,600$7,435,665$5,447,920$16,860,825
91$22,149,332$7,737,874$5,568,286$18,378,395
92$24,344,467$8,052,933$5,690,728$20,044,657
93$26,761,487$8,381,411$5,815,251$21,874,588
94$29,422,960$8,723,902$5,941,864$23,884,684
95$32,353,756$9,081,027$6,070,570$26,093,118
96$35,581,277$9,453,435$6,201,372$28,519,912
97$39,135,719$9,841,806$6,334,270$31,187,118
98$43,050,356$10,246,848$6,469,262$34,119,037
99$47,361,855$10,669,306$6,606,345$37,342,434
100$52,110,618$11,109,956$6,745,511$40,886,803