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

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$305,543$302,821$300,166$297,574$295,043$283,898
2 years$151,259$148,442$145,711$143,064$140,497$129,397
3 years$99,837$97,008$94,285$91,663$89,137$78,433
4 years$74,132$71,311$68,615$66,038$63,573$53,346
5 years$58,713$55,909$53,248$50,723$48,327$38,603
6 years$48,436$45,654$43,033$40,564$38,240$29,025
7 years$41,099$38,340$35,760$33,350$31,099$22,392
8 years$35,599$32,864$30,328$27,976$25,800$17,592
9 years$31,323$28,614$26,121$23,830$21,727$14,007
10 years$27,904$25,222$22,773$20,541$18,513$11,265
11 years$25,109$22,454$20,049$17,877$15,921$9,131
12 years$22,781$20,153$17,793$15,681$13,797$7,447
13 years$20,813$18,213$15,897$13,844$12,031$6,103
14 years$19,128$16,555$14,283$12,289$10,547$5,021
15 years$17,668$15,123$12,896$10,960$9,286$4,144
16 years$16,392$13,875$11,692$9,813$8,207$3,429
17 years$15,268$12,779$10,639$8,817$7,277$2,843
18 years$14,269$11,808$9,712$7,946$6,470$2,361
19 years$13,377$10,944$8,891$7,180$5,767$1,964
20 years$12,575$10,169$8,160$6,503$5,151$1,635
21 years$11,850$9,472$7,506$5,902$4,610$1,363
22 years$11,192$8,842$6,917$5,366$4,132$1,137
23 years$10,593$8,270$6,387$4,887$3,709$949
24 years$10,044$7,748$5,907$4,457$3,334$793
25 years$9,539$7,271$5,471$4,070$3,000$662
26 years$9,074$6,834$5,074$3,722$2,702$554
27 years$8,645$6,431$4,712$3,407$2,436$463
28 years$8,246$6,060$4,380$3,121$2,198$387
29 years$7,876$5,717$4,076$2,862$1,985$324
30 years$7,532$5,399$3,797$2,627$1,794$271
31 years$7,210$5,104$3,540$2,413$1,622$227
32 years$6,909$4,830$3,303$2,217$1,467$190
33 years$6,626$4,574$3,084$2,039$1,328$159
34 years$6,361$4,335$2,881$1,876$1,202$133
35 years$6,112$4,111$2,694$1,727$1,089$111
36 years$5,876$3,902$2,520$1,590$986$93
37 years$5,655$3,706$2,359$1,465$894$78
38 years$5,445$3,522$2,209$1,351$810$65
39 years$5,247$3,349$2,069$1,245$735$55
40 years$5,058$3,187$1,940$1,149$667$46
41 years$4,880$3,033$1,819$1,060$605$38
42 years$4,711$2,889$1,706$978$549$32
43 years$4,550$2,753$1,601$903$498$27
44 years$4,396$2,624$1,503$834$452$23
45 years$4,250$2,502$1,411$770$410$19
46 years$4,111$2,387$1,325$711$373$16
47 years$3,978$2,278$1,245$657$338$13
48 years$3,850$2,174$1,170$607$307$11
49 years$3,729$2,076$1,100$561$279$9
50 years$3,612$1,984$1,034$519$253$8

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 $6,193 every year, while hoping to spend $40,542 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: 83/7/10 Blend
71$3,700,000$3,700,000$3,700,000$3,700,000
72$4,083,788$3,887,688$3,830,338$4,416,032
73$4,457,198$4,035,048$3,915,518$4,781,728
74$4,867,337$4,188,271$4,002,193$5,177,199
75$5,317,909$4,347,599$4,090,369$5,610,259
76$5,812,993$4,513,289$4,180,054$6,084,661
77$6,357,084$4,685,606$4,271,252$6,604,534
78$6,955,135$4,864,829$4,363,967$7,174,430
79$7,612,600$5,051,247$4,458,201$7,799,360
80$8,335,490$5,245,162$4,553,956$8,484,843
81$9,130,426$5,446,892$4,651,229$9,236,960
82$10,004,704$5,656,764$4,750,020$10,062,408
83$10,966,362$5,875,124$4,850,324$10,968,563
84$12,024,257$6,102,331$4,952,136$11,963,552
85$13,188,146$6,338,759$5,055,447$13,056,328
86$14,468,779$6,584,802$5,160,247$14,256,750
87$15,878,004$6,840,866$5,266,525$15,575,685
88$17,428,873$7,107,380$5,374,265$17,025,099
89$19,135,766$7,384,790$5,483,451$18,618,178
90$21,014,530$7,673,561$5,594,063$20,369,449
91$23,082,626$7,974,180$5,706,079$22,294,915
92$25,359,294$8,287,154$5,819,472$24,412,210
93$27,865,732$8,613,015$5,934,214$26,740,759
94$30,625,300$8,952,316$6,050,274$29,301,966
95$33,663,737$9,305,637$6,167,615$32,119,414
96$37,009,408$9,673,582$6,286,199$35,219,084
97$40,693,563$10,056,783$6,405,983$38,629,606
98$44,750,642$10,455,901$6,526,919$42,382,521
99$49,218,593$10,871,626$6,648,956$46,512,586
100$54,139,231$11,304,677$6,772,038$51,058,095