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%15.6%
1 years$305,543$302,821$300,166$297,574$295,043$288,262
2 years$151,259$148,442$145,711$143,064$140,497$133,702
3 years$99,837$97,008$94,285$91,663$89,137$82,541
4 years$74,132$71,311$68,615$66,038$63,573$57,227
5 years$58,713$55,909$53,248$50,723$48,327$42,249
6 years$48,436$45,654$43,033$40,564$38,240$32,435
7 years$41,099$38,340$35,760$33,350$31,099$25,569
8 years$35,599$32,864$30,328$27,976$25,800$20,543
9 years$31,323$28,614$26,121$23,830$21,727$16,738
10 years$27,904$25,222$22,773$20,541$18,513$13,787
11 years$25,109$22,454$20,049$17,877$15,921$11,453
12 years$22,781$20,153$17,793$15,681$13,797$9,578
13 years$20,813$18,213$15,897$13,844$12,031$8,054
14 years$19,128$16,555$14,283$12,289$10,547$6,803
15 years$17,668$15,123$12,896$10,960$9,286$5,767
16 years$16,392$13,875$11,692$9,813$8,207$4,904
17 years$15,268$12,779$10,639$8,817$7,277$4,181
18 years$14,269$11,808$9,712$7,946$6,470$3,572
19 years$13,377$10,944$8,891$7,180$5,767$3,057
20 years$12,575$10,169$8,160$6,503$5,151$2,620
21 years$11,850$9,472$7,506$5,902$4,610$2,249
22 years$11,192$8,842$6,917$5,366$4,132$1,932
23 years$10,593$8,270$6,387$4,887$3,709$1,662
24 years$10,044$7,748$5,907$4,457$3,334$1,431
25 years$9,539$7,271$5,471$4,070$3,000$1,232
26 years$9,074$6,834$5,074$3,722$2,702$1,062
27 years$8,645$6,431$4,712$3,407$2,436$916
28 years$8,246$6,060$4,380$3,121$2,198$790
29 years$7,876$5,717$4,076$2,862$1,985$682
30 years$7,532$5,399$3,797$2,627$1,794$589
31 years$7,210$5,104$3,540$2,413$1,622$508
32 years$6,909$4,830$3,303$2,217$1,467$439
33 years$6,626$4,574$3,084$2,039$1,328$379
34 years$6,361$4,335$2,881$1,876$1,202$328
35 years$6,112$4,111$2,694$1,727$1,089$283
36 years$5,876$3,902$2,520$1,590$986$245
37 years$5,655$3,706$2,359$1,465$894$212
38 years$5,445$3,522$2,209$1,351$810$183
39 years$5,247$3,349$2,069$1,245$735$158
40 years$5,058$3,187$1,940$1,149$667$137
41 years$4,880$3,033$1,819$1,060$605$118
42 years$4,711$2,889$1,706$978$549$102
43 years$4,550$2,753$1,601$903$498$88
44 years$4,396$2,624$1,503$834$452$76
45 years$4,250$2,502$1,411$770$410$66
46 years$4,111$2,387$1,325$711$373$57
47 years$3,978$2,278$1,245$657$338$49
48 years$3,850$2,174$1,170$607$307$43
49 years$3,729$2,076$1,100$561$279$37
50 years$3,612$1,984$1,034$519$253$32

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 $2,173 every year, while hoping to spend $43,275 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: 74/5/21 Blend
71$3,700,000$3,700,000$3,700,000$3,700,000
72$4,079,641$3,883,541$3,826,191$4,360,785
73$4,449,721$4,027,791$3,908,325$4,692,071
74$4,856,097$4,177,658$3,991,759$5,049,555
75$5,302,429$4,333,372$4,076,492$5,440,214
76$5,792,742$4,495,174$4,162,521$5,867,344
77$6,331,476$4,663,311$4,249,839$6,334,576
78$6,923,519$4,838,046$4,338,441$6,845,909
79$7,574,257$5,019,649$4,428,317$7,405,748
80$8,289,623$5,208,403$4,519,458$8,018,943
81$9,076,154$5,404,604$4,611,849$8,690,840
82$9,941,052$5,608,561$4,705,477$9,427,323
83$10,892,252$5,820,593$4,800,323$10,234,877
84$11,938,498$6,041,038$4,896,370$11,120,645
85$13,089,420$6,270,244$4,993,593$12,092,495
86$14,355,632$6,508,577$5,091,970$13,159,096
87$15,748,827$6,756,418$5,191,471$14,329,997
88$17,281,888$7,014,164$5,292,067$15,615,720
89$18,969,013$7,282,230$5,393,723$17,027,856
90$20,825,842$7,561,048$5,496,402$18,579,174
91$22,869,610$7,851,072$5,600,064$20,283,745
92$25,119,308$8,152,772$5,704,664$22,157,070
93$27,595,860$8,466,641$5,810,153$24,216,228
94$30,322,324$8,793,192$5,916,479$26,480,038
95$33,324,105$9,132,963$6,023,585$28,969,234
96$36,629,198$9,486,513$6,131,410$31,706,660
97$40,268,451$9,854,427$6,239,887$34,717,490
98$44,275,855$10,237,315$6,348,945$38,029,459
99$48,688,864$10,635,816$6,458,507$41,673,128
100$53,548,752$11,050,594$6,568,490$45,682,170