Can I retire at age 72 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$305,543$302,821$300,166$297,574$295,043$283,561
2 years$151,259$148,442$145,711$143,064$140,497$129,067
3 years$99,837$97,008$94,285$91,663$89,137$78,120
4 years$74,132$71,311$68,615$66,038$63,573$53,053
5 years$58,713$55,909$53,248$50,723$48,327$38,330
6 years$48,436$45,654$43,033$40,564$38,240$28,773
7 years$41,099$38,340$35,760$33,350$31,099$22,159
8 years$35,599$32,864$30,328$27,976$25,800$17,378
9 years$31,323$28,614$26,121$23,830$21,727$13,811
10 years$27,904$25,222$22,773$20,541$18,513$11,087
11 years$25,109$22,454$20,049$17,877$15,921$8,969
12 years$22,781$20,153$17,793$15,681$13,797$7,300
13 years$20,813$18,213$15,897$13,844$12,031$5,970
14 years$19,128$16,555$14,283$12,289$10,547$4,901
15 years$17,668$15,123$12,896$10,960$9,286$4,036
16 years$16,392$13,875$11,692$9,813$8,207$3,333
17 years$15,268$12,779$10,639$8,817$7,277$2,757
18 years$14,269$11,808$9,712$7,946$6,470$2,285
19 years$13,377$10,944$8,891$7,180$5,767$1,896
20 years$12,575$10,169$8,160$6,503$5,151$1,575
21 years$11,850$9,472$7,506$5,902$4,610$1,310
22 years$11,192$8,842$6,917$5,366$4,132$1,090
23 years$10,593$8,270$6,387$4,887$3,709$908
24 years$10,044$7,748$5,907$4,457$3,334$756
25 years$9,539$7,271$5,471$4,070$3,000$630
26 years$9,074$6,834$5,074$3,722$2,702$526
27 years$8,645$6,431$4,712$3,407$2,436$438
28 years$8,246$6,060$4,380$3,121$2,198$366
29 years$7,876$5,717$4,076$2,862$1,985$305
30 years$7,532$5,399$3,797$2,627$1,794$255
31 years$7,210$5,104$3,540$2,413$1,622$213
32 years$6,909$4,830$3,303$2,217$1,467$178
33 years$6,626$4,574$3,084$2,039$1,328$148
34 years$6,361$4,335$2,881$1,876$1,202$124
35 years$6,112$4,111$2,694$1,727$1,089$103
36 years$5,876$3,902$2,520$1,590$986$86
37 years$5,655$3,706$2,359$1,465$894$72
38 years$5,445$3,522$2,209$1,351$810$60
39 years$5,247$3,349$2,069$1,245$735$50
40 years$5,058$3,187$1,940$1,149$667$42
41 years$4,880$3,033$1,819$1,060$605$35
42 years$4,711$2,889$1,706$978$549$29
43 years$4,550$2,753$1,601$903$498$25
44 years$4,396$2,624$1,503$834$452$20
45 years$4,250$2,502$1,411$770$410$17
46 years$4,111$2,387$1,325$711$373$14
47 years$3,978$2,278$1,245$657$338$12
48 years$3,850$2,174$1,170$607$307$10
49 years$3,729$2,076$1,100$561$279$8
50 years$3,612$1,984$1,034$519$253$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $3,700,000, adding $4,757 every year, while hoping to spend $28,273 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: 49/33/18 Blend
71$3,700,000$3,700,000$3,700,000$3,700,000
72$4,082,307$3,886,207$3,828,857$4,261,580
73$4,468,620$4,046,549$3,927,041$4,546,478
74$4,893,389$4,213,800$4,027,567$4,852,511
75$5,360,508$4,388,269$4,130,484$5,184,358
76$5,874,264$4,570,278$4,235,839$5,544,455
77$6,439,383$4,760,166$4,343,684$5,935,479
78$7,061,072$4,958,286$4,454,070$6,360,374
79$7,745,067$5,165,008$4,567,046$6,822,375
80$8,497,687$5,380,717$4,682,666$7,325,038
81$9,325,898$5,605,818$4,800,982$7,872,274
82$10,237,372$5,840,736$4,922,047$8,468,382
83$11,240,563$6,085,911$5,045,915$9,118,091
84$12,344,788$6,341,808$5,172,640$9,826,602
85$13,560,310$6,608,911$5,302,278$10,599,636
86$14,898,441$6,887,727$5,434,883$11,443,486
87$16,371,644$7,178,787$5,570,513$12,365,075
88$17,993,650$7,482,646$5,709,224$13,372,023
89$19,779,592$7,799,885$5,851,073$14,472,712
90$21,746,143$8,131,113$5,996,117$15,676,366
91$23,911,678$8,476,965$6,144,415$16,993,139
92$26,296,441$8,838,108$6,296,024$18,434,203
93$28,922,741$9,215,239$6,451,004$20,011,859
94$31,815,162$9,609,087$6,609,415$21,739,643
95$35,000,793$10,020,416$6,771,314$23,632,459
96$38,509,483$10,450,026$6,936,762$25,706,713
97$42,374,126$10,898,753$7,105,819$27,980,468
98$46,630,967$11,367,472$7,278,545$30,473,610
99$51,319,949$11,857,102$7,455,000$33,208,036
100$56,485,085$12,368,600$7,635,243$36,207,855