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

Use the below retirement simulation to view the chances of a successful retirement.
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%19%
1 years$289,027$286,452$283,940$281,489$279,095$268,978
2 years$143,083$140,418$137,835$135,331$132,902$122,821
3 years$94,441$91,765$89,188$86,708$84,319$74,590
4 years$70,125$67,457$64,906$62,468$60,137$50,834
5 years$55,539$52,887$50,370$47,982$45,715$36,864
6 years$45,818$43,186$40,706$38,371$36,173$27,779
7 years$38,878$36,268$33,827$31,547$29,418$21,479
8 years$33,674$31,088$28,688$26,464$24,405$16,915
9 years$29,630$27,068$24,709$22,542$20,553$13,501
10 years$26,396$23,859$21,542$19,431$17,512$10,886
11 years$23,752$21,240$18,965$16,911$15,061$8,847
12 years$21,550$19,064$16,831$14,833$13,051$7,234
13 years$19,688$17,228$15,038$13,095$11,381$5,945
14 years$18,094$15,660$13,511$11,625$9,977$4,905
15 years$16,713$14,306$12,199$10,367$8,784$4,059
16 years$15,506$13,125$11,060$9,283$7,763$3,369
17 years$14,443$12,088$10,064$8,340$6,884$2,801
18 years$13,498$11,170$9,187$7,516$6,121$2,334
19 years$12,654$10,352$8,411$6,792$5,455$1,947
20 years$11,895$9,620$7,719$6,151$4,873$1,626
21 years$11,210$8,960$7,100$5,583$4,361$1,360
22 years$10,587$8,364$6,544$5,076$3,909$1,138
23 years$10,020$7,823$6,042$4,623$3,509$953
24 years$9,501$7,329$5,588$4,216$3,154$798
25 years$9,024$6,878$5,175$3,850$2,838$669
26 years$8,584$6,464$4,800$3,521$2,556$561
27 years$8,177$6,084$4,457$3,223$2,305$471
28 years$7,801$5,733$4,143$2,953$2,080$395
29 years$7,451$5,408$3,856$2,708$1,878$331
30 years$7,124$5,107$3,592$2,485$1,697$278
31 years$6,820$4,828$3,348$2,282$1,534$234
32 years$6,535$4,569$3,124$2,097$1,388$196
33 years$6,268$4,326$2,917$1,929$1,256$165
34 years$6,017$4,100$2,725$1,775$1,137$138
35 years$5,781$3,889$2,548$1,634$1,030$116
36 years$5,559$3,691$2,384$1,504$933$98
37 years$5,349$3,506$2,231$1,386$846$82
38 years$5,151$3,332$2,089$1,278$767$69
39 years$4,963$3,168$1,957$1,178$695$58
40 years$4,785$3,014$1,835$1,087$631$49
41 years$4,616$2,869$1,720$1,003$572$41
42 years$4,456$2,733$1,614$925$519$34
43 years$4,304$2,604$1,514$854$471$29
44 years$4,158$2,482$1,421$789$428$24
45 years$4,020$2,367$1,335$728$388$20
46 years$3,888$2,258$1,254$673$352$17
47 years$3,763$2,155$1,178$622$320$14
48 years$3,642$2,057$1,107$574$291$12
49 years$3,527$1,964$1,040$531$264$10
50 years$3,417$1,876$978$491$240$9

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 $4,565 every year, while hoping to spend $44,088 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: 33/42/25 Blend
71$3,500,000$3,500,000$3,500,000$3,500,000
72$3,861,709$3,676,209$3,621,959$3,959,542
73$4,208,694$3,809,434$3,696,385$4,166,885
74$4,589,594$3,947,709$3,771,827$4,385,909
75$5,007,821$4,091,236$3,848,272$4,621,083
76$5,467,135$4,240,223$3,925,706$4,873,864
77$5,971,678$4,394,889$4,004,112$5,145,848
78$6,526,012$4,555,460$4,083,472$5,438,791
79$7,135,161$4,722,175$4,163,765$5,754,619
80$7,804,665$4,895,278$4,244,968$6,095,449
81$8,540,621$5,075,028$4,327,055$6,463,605
82$9,349,752$5,261,691$4,409,999$6,861,643
83$10,239,460$5,455,548$4,493,767$7,292,370
84$11,217,904$5,656,888$4,578,327$7,758,871
85$12,294,070$5,866,016$4,663,642$8,264,541
86$13,477,862$6,083,247$4,749,670$8,813,108
87$14,780,189$6,308,911$4,836,369$9,408,675
88$16,213,072$6,543,352$4,923,691$10,055,752
89$17,789,757$6,786,927$5,011,586$10,759,300
90$19,524,836$7,040,011$5,099,998$11,524,778
91$21,434,390$7,302,992$5,188,869$12,358,190
92$23,536,136$7,576,277$5,278,134$13,266,140
93$25,849,596$7,860,289$5,367,726$14,255,898
94$28,396,282$8,155,470$5,457,572$15,335,463
95$31,199,896$8,462,281$5,547,593$16,513,636
96$34,286,554$8,781,202$5,637,707$17,800,107
97$37,685,037$9,112,734$5,727,824$19,205,538
98$41,427,054$9,457,402$5,817,849$20,741,669
99$45,547,548$9,815,749$5,907,682$22,421,420
100$50,085,023$10,188,346$5,997,215$24,259,017