Can I retire at age 72 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$124,694$123,584$122,500$121,442$120,410$117,261
2 years$61,730$60,580$59,466$58,386$57,338$54,187
3 years$40,744$39,590$38,478$37,408$36,377$33,323
4 years$30,254$29,103$28,002$26,951$25,945$23,010
5 years$23,961$22,817$21,731$20,701$19,723$16,917
6 years$19,767$18,632$17,562$16,554$15,606$12,931
7 years$16,773$15,647$14,594$13,610$12,692$10,147
8 years$14,528$13,412$12,377$11,417$10,529$8,114
9 years$12,783$11,678$10,660$9,725$8,867$6,580
10 years$11,388$10,293$9,294$8,383$7,555$5,393
11 years$10,247$9,164$8,182$7,296$6,498$4,457
12 years$9,297$8,225$7,261$6,399$5,631$3,708
13 years$8,494$7,433$6,488$5,650$4,910$3,101
14 years$7,806$6,756$5,829$5,015$4,304$2,605
15 years$7,211$6,172$5,263$4,473$3,790$2,196
16 years$6,690$5,663$4,772$4,005$3,349$1,857
17 years$6,231$5,215$4,342$3,598$2,970$1,574
18 years$5,823$4,819$3,964$3,243$2,641$1,337
19 years$5,459$4,466$3,629$2,930$2,354$1,137
20 years$5,132$4,150$3,330$2,654$2,102$969
21 years$4,836$3,866$3,063$2,408$1,881$827
22 years$4,568$3,608$2,823$2,190$1,686$706
23 years$4,323$3,375$2,607$1,994$1,514$603
24 years$4,099$3,162$2,411$1,819$1,361$516
25 years$3,893$2,967$2,233$1,661$1,224$442
26 years$3,703$2,789$2,071$1,519$1,103$378
27 years$3,528$2,625$1,923$1,390$994$324
28 years$3,365$2,473$1,788$1,274$897$278
29 years$3,214$2,333$1,664$1,168$810$238
30 years$3,074$2,204$1,549$1,072$732$204
31 years$2,942$2,083$1,445$985$662$175
32 years$2,819$1,971$1,348$905$599$150
33 years$2,704$1,867$1,258$832$542$129
34 years$2,596$1,769$1,176$766$491$111
35 years$2,494$1,678$1,099$705$444$95
36 years$2,398$1,593$1,028$649$403$82
37 years$2,308$1,513$963$598$365$70
38 years$2,222$1,438$901$551$331$60
39 years$2,141$1,367$844$508$300$52
40 years$2,064$1,301$792$469$272$44
41 years$1,992$1,238$742$433$247$38
42 years$1,922$1,179$696$399$224$33
43 years$1,857$1,123$653$368$203$28
44 years$1,794$1,071$613$340$184$24
45 years$1,734$1,021$576$314$167$21
46 years$1,678$974$541$290$152$18
47 years$1,623$930$508$268$138$15
48 years$1,571$887$477$248$125$13
49 years$1,522$847$449$229$114$11
50 years$1,474$809$422$212$103$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,510,000, adding $2,242 every year, while hoping to spend $50,518 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: 72/16/12 Blend
71$1,510,000$1,510,000$1,510,000$1,510,000
72$1,666,333$1,586,303$1,562,898$1,782,013
73$1,782,548$1,610,281$1,561,504$1,882,857
74$1,908,924$1,633,741$1,558,370$1,986,822
75$2,046,444$1,656,603$1,553,385$2,099,304
76$2,196,189$1,678,785$1,546,432$2,221,132
77$2,359,350$1,700,195$1,537,387$2,353,221
78$2,537,237$1,720,738$1,526,123$2,496,578
79$2,731,291$1,740,310$1,512,504$2,652,313
80$2,943,099$1,758,802$1,496,389$2,821,649
81$3,174,408$1,776,096$1,477,631$3,005,934
82$3,427,141$1,792,068$1,456,075$3,206,655
83$3,703,413$1,806,583$1,431,558$3,425,447
84$4,005,557$1,819,502$1,403,911$3,664,117
85$4,336,138$1,830,672$1,372,956$3,924,652
86$4,697,982$1,839,932$1,338,508$4,209,245
87$5,094,200$1,847,113$1,300,371$4,520,311
88$5,528,219$1,852,031$1,258,344$4,860,515
89$6,003,811$1,854,495$1,212,212$5,232,791
90$6,525,132$1,854,298$1,161,754$5,640,375
91$7,096,760$1,851,222$1,106,737$6,086,833
92$7,723,735$1,845,038$1,046,918$6,576,095
93$8,411,609$1,835,498$982,043$7,112,495
94$9,166,498$1,822,342$911,846$7,700,809
95$9,995,138$1,805,294$836,050$8,346,301
96$10,904,950$1,784,061$754,366$9,054,773
97$11,904,107$1,758,332$666,489$9,832,622
98$13,001,614$1,727,778$572,104$10,686,898
99$14,207,390$1,692,051$470,881$11,625,373
100$15,532,363$1,650,781$362,475$12,656,612