Can I retire at age 72 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$99,921$99,031$98,162$97,315$96,487$93,812
2 years$49,466$48,544$47,652$46,786$45,946$43,271
3 years$32,650$31,724$30,834$29,976$29,150$26,559
4 years$24,243$23,321$22,439$21,596$20,790$18,303
5 years$19,201$18,284$17,414$16,588$15,804$13,427
6 years$15,840$14,930$14,073$13,265$12,505$10,241
7 years$13,441$12,538$11,695$10,906$10,170$8,018
8 years$11,642$10,748$9,918$9,149$8,437$6,397
9 years$10,243$9,358$8,542$7,793$7,105$5,175
10 years$9,125$8,248$7,447$6,718$6,054$4,231
11 years$8,211$7,343$6,557$5,846$5,207$3,487
12 years$7,450$6,591$5,819$5,128$4,512$2,894
13 years$6,806$5,956$5,199$4,527$3,935$2,414
14 years$6,255$5,414$4,671$4,019$3,449$2,022
15 years$5,778$4,946$4,217$3,584$3,037$1,700
16 years$5,361$4,538$3,824$3,209$2,684$1,433
17 years$4,993$4,179$3,479$2,883$2,380$1,211
18 years$4,667$3,862$3,176$2,599$2,116$1,026
19 years$4,375$3,579$2,908$2,348$1,886$870
20 years$4,112$3,326$2,668$2,127$1,685$739
21 years$3,875$3,098$2,455$1,930$1,508$628
22 years$3,660$2,892$2,262$1,755$1,351$535
23 years$3,464$2,704$2,089$1,598$1,213$456
24 years$3,285$2,534$1,932$1,458$1,090$389
25 years$3,120$2,378$1,789$1,331$981$332
26 years$2,968$2,235$1,659$1,217$884$283
27 years$2,827$2,103$1,541$1,114$797$242
28 years$2,697$1,982$1,432$1,021$719$206
29 years$2,576$1,870$1,333$936$649$176
30 years$2,463$1,766$1,242$859$587$151
31 years$2,358$1,669$1,158$789$530$129
32 years$2,259$1,579$1,080$725$480$110
33 years$2,167$1,496$1,008$667$434$94
34 years$2,080$1,418$942$613$393$81
35 years$1,999$1,345$881$565$356$69
36 years$1,922$1,276$824$520$323$59
37 years$1,849$1,212$771$479$292$51
38 years$1,781$1,152$722$442$265$43
39 years$1,716$1,095$677$407$240$37
40 years$1,654$1,042$634$376$218$32
41 years$1,596$992$595$347$198$27
42 years$1,541$945$558$320$179$23
43 years$1,488$900$524$295$163$20
44 years$1,438$858$491$273$148$17
45 years$1,390$818$461$252$134$15
46 years$1,344$781$433$233$122$12
47 years$1,301$745$407$215$111$11
48 years$1,259$711$383$199$100$9
49 years$1,219$679$360$183$91$8
50 years$1,181$649$338$170$83$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,210,000, adding $4,358 every year, while hoping to spend $27,561 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: 64/23/13 Blend
71$1,210,000$1,210,000$1,210,000$1,210,000
72$1,337,915$1,273,785$1,255,030$1,419,187
73$1,445,058$1,306,876$1,267,749$1,507,181
74$1,562,205$1,340,665$1,279,970$1,599,672
75$1,690,349$1,375,156$1,291,648$1,700,017
76$1,830,581$1,410,354$1,302,734$1,808,981
77$1,984,102$1,446,264$1,313,178$1,927,405
78$2,152,237$1,482,887$1,322,926$2,056,218
79$2,336,443$1,520,226$1,331,921$2,196,439
80$2,538,325$1,558,283$1,340,106$2,349,194
81$2,759,651$1,597,056$1,347,417$2,515,721
82$3,002,369$1,636,545$1,353,789$2,697,385
83$3,268,623$1,676,748$1,359,153$2,895,688
84$3,560,776$1,717,662$1,363,437$3,112,286
85$3,881,428$1,759,280$1,366,566$3,349,003
86$4,233,447$1,801,598$1,368,459$3,607,847
87$4,619,990$1,844,608$1,369,033$3,891,034
88$5,044,533$1,888,298$1,368,201$4,201,001
89$5,510,910$1,932,659$1,365,870$4,540,435
90$6,023,339$1,977,676$1,361,943$4,912,298
91$6,586,472$2,023,333$1,356,320$5,319,851
92$7,205,429$2,069,614$1,348,894$5,766,688
93$7,885,855$2,116,497$1,339,554$6,256,770
94$8,633,967$2,163,960$1,328,183$6,794,461
95$9,456,614$2,211,977$1,314,660$7,384,570
96$10,361,344$2,260,519$1,298,857$8,032,394
97$11,356,471$2,309,555$1,280,639$8,743,773
98$12,451,157$2,359,049$1,259,866$9,525,141
99$13,655,495$2,408,962$1,236,391$10,383,587
100$14,980,607$2,459,252$1,210,061$11,326,925