Can I retire at age 72 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$120,565$119,492$118,444$117,421$116,422$113,332
2 years$59,686$58,574$57,497$56,452$55,439$52,347
3 years$39,395$38,279$37,204$36,170$35,173$32,176
4 years$29,252$28,139$27,075$26,058$25,086$22,207
5 years$23,168$22,061$21,011$20,015$19,070$16,317
6 years$19,113$18,015$16,980$16,006$15,089$12,466
7 years$16,217$15,129$14,111$13,160$12,272$9,777
8 years$14,047$12,968$11,967$11,039$10,180$7,814
9 years$12,360$11,291$10,307$9,403$8,573$6,332
10 years$11,011$9,953$8,986$8,106$7,305$5,187
11 years$9,908$8,860$7,911$7,054$6,283$4,284
12 years$8,989$7,952$7,021$6,188$5,444$3,562
13 years$8,213$7,187$6,273$5,463$4,748$2,977
14 years$7,548$6,532$5,636$4,849$4,162$2,499
15 years$6,972$5,968$5,089$4,325$3,664$2,105
16 years$6,468$5,475$4,614$3,872$3,238$1,779
17 years$6,025$5,042$4,198$3,479$2,871$1,506
18 years$5,631$4,659$3,832$3,135$2,553$1,278
19 years$5,279$4,318$3,508$2,833$2,276$1,087
20 years$4,962$4,013$3,220$2,566$2,033$925
21 years$4,676$3,738$2,962$2,329$1,819$789
22 years$4,416$3,489$2,730$2,117$1,631$673
23 years$4,180$3,263$2,520$1,928$1,464$575
24 years$3,963$3,057$2,331$1,759$1,316$491
25 years$3,764$2,869$2,159$1,606$1,184$420
26 years$3,581$2,697$2,002$1,469$1,066$359
27 years$3,411$2,538$1,859$1,344$961$308
28 years$3,254$2,391$1,728$1,232$867$264
29 years$3,108$2,256$1,608$1,129$783$226
30 years$2,972$2,131$1,498$1,037$708$193
31 years$2,845$2,014$1,397$952$640$166
32 years$2,726$1,906$1,303$875$579$142
33 years$2,615$1,805$1,217$805$524$122
34 years$2,510$1,710$1,137$740$474$105
35 years$2,412$1,622$1,063$681$430$90
36 years$2,319$1,540$994$628$389$77
37 years$2,231$1,463$931$578$353$66
38 years$2,149$1,390$872$533$320$57
39 years$2,070$1,322$817$491$290$49
40 years$1,996$1,257$765$453$263$42
41 years$1,926$1,197$718$418$239$36
42 years$1,859$1,140$673$386$217$31
43 years$1,795$1,086$632$356$197$26
44 years$1,735$1,035$593$329$178$23
45 years$1,677$987$557$304$162$19
46 years$1,622$942$523$281$147$17
47 years$1,570$899$491$259$134$14
48 years$1,519$858$462$240$121$12
49 years$1,471$819$434$221$110$11
50 years$1,425$783$408$205$100$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,460,000, adding $4,525 every year, while hoping to spend $32,141 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: 55/37/8 Blend
71$1,460,000$1,460,000$1,460,000$1,460,000
72$1,613,588$1,536,208$1,513,578$1,699,027
73$1,743,976$1,577,284$1,530,085$1,798,352
74$1,886,586$1,619,296$1,546,067$1,902,499
75$2,042,632$1,662,255$1,561,475$2,015,111
76$2,213,448$1,706,173$1,576,252$2,136,999
77$2,400,505$1,751,061$1,590,341$2,269,052
78$2,605,422$1,796,929$1,603,684$2,412,253
79$2,829,983$1,843,787$1,616,215$2,567,679
80$3,076,152$1,891,643$1,627,869$2,736,519
81$3,346,092$1,940,505$1,638,574$2,920,083
82$3,642,185$1,990,381$1,648,258$3,119,810
83$3,967,055$2,041,277$1,656,842$3,337,287
84$4,323,593$2,093,198$1,664,245$3,574,262
85$4,714,982$2,146,148$1,670,380$3,832,658
86$5,144,731$2,200,130$1,675,158$4,114,596
87$5,616,701$2,255,144$1,678,484$4,422,409
88$6,135,150$2,311,191$1,680,258$4,758,669
89$6,704,765$2,368,270$1,680,377$5,126,208
90$7,330,712$2,426,375$1,678,730$5,528,147
91$8,018,680$2,485,503$1,675,203$5,967,923
92$8,774,938$2,545,646$1,669,675$6,449,321
93$9,606,393$2,606,793$1,662,020$6,976,516
94$10,520,653$2,668,934$1,652,105$7,554,102
95$11,526,101$2,732,053$1,639,793$8,187,143
96$12,631,974$2,796,135$1,624,936$8,881,220
97$13,848,447$2,861,157$1,607,384$9,642,480
98$15,186,733$2,927,098$1,586,976$10,477,696
99$16,659,186$2,993,932$1,563,545$11,394,332
100$18,279,415$3,061,627$1,536,916$12,400,612