Can I retire at age 72 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$127,172$126,039$124,934$123,855$122,802$121,017
2 years$62,956$61,784$60,647$59,546$58,477$56,682
3 years$41,554$40,376$39,243$38,152$37,100$35,352
4 years$30,855$29,681$28,559$27,486$26,460$24,771
5 years$24,437$23,270$22,163$21,112$20,115$18,490
6 years$20,160$19,002$17,911$16,883$15,916$14,358
7 years$17,106$15,958$14,884$13,881$12,944$11,453
8 years$14,817$13,679$12,623$11,644$10,738$9,314
9 years$13,037$11,910$10,872$9,918$9,043$7,685
10 years$11,614$10,498$9,478$8,550$7,705$6,412
11 years$10,451$9,346$8,345$7,441$6,627$5,398
12 years$9,482$8,388$7,406$6,527$5,743$4,576
13 years$8,663$7,580$6,617$5,762$5,008$3,902
14 years$7,961$6,890$5,945$5,115$4,390$3,343
15 years$7,354$6,295$5,368$4,562$3,865$2,875
16 years$6,823$5,775$4,866$4,084$3,416$2,481
17 years$6,355$5,319$4,428$3,670$3,029$2,147
18 years$5,939$4,915$4,042$3,307$2,693$1,863
19 years$5,568$4,555$3,701$2,988$2,400$1,619
20 years$5,234$4,233$3,396$2,707$2,144$1,410
21 years$4,932$3,943$3,124$2,456$1,919$1,230
22 years$4,658$3,680$2,879$2,233$1,720$1,074
23 years$4,409$3,442$2,658$2,034$1,544$939
24 years$4,180$3,225$2,459$1,855$1,388$821
25 years$3,970$3,026$2,277$1,694$1,249$719
26 years$3,777$2,844$2,112$1,549$1,125$631
27 years$3,598$2,677$1,961$1,418$1,014$553
28 years$3,432$2,522$1,823$1,299$915$485
29 years$3,278$2,380$1,697$1,191$826$426
30 years$3,135$2,247$1,580$1,093$747$374
31 years$3,001$2,124$1,473$1,004$675$329
32 years$2,875$2,010$1,375$923$611$289
33 years$2,758$1,904$1,283$849$553$254
34 years$2,648$1,804$1,199$781$500$223
35 years$2,544$1,711$1,121$719$453$197
36 years$2,446$1,624$1,049$662$411$173
37 years$2,354$1,543$982$610$372$152
38 years$2,266$1,466$919$562$337$134
39 years$2,184$1,394$861$518$306$118
40 years$2,105$1,326$807$478$277$104
41 years$2,031$1,263$757$441$252$91
42 years$1,961$1,202$710$407$228$80
43 years$1,894$1,146$666$376$207$71
44 years$1,830$1,092$625$347$188$62
45 years$1,769$1,041$587$320$171$55
46 years$1,711$993$552$296$155$48
47 years$1,656$948$518$273$141$43
48 years$1,603$905$487$253$128$38
49 years$1,552$864$458$234$116$33
50 years$1,504$826$430$216$106$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,540,000, adding $5,872 every year, while hoping to spend $36,213 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: 48/24/28 Blend
71$1,540,000$1,540,000$1,540,000$1,540,000
72$1,703,137$1,621,517$1,597,647$1,771,027
73$1,838,327$1,662,441$1,612,638$1,860,303
74$1,986,092$1,704,156$1,626,917$1,953,185
75$2,147,677$1,746,664$1,640,423$2,053,355
76$2,324,453$1,789,963$1,653,090$2,161,519
77$2,517,928$1,834,052$1,664,849$2,278,456
78$2,729,763$1,878,927$1,675,628$2,405,021
79$2,961,788$1,924,584$1,685,351$2,542,161
80$3,216,018$1,971,016$1,693,937$2,690,915
81$3,494,671$2,018,215$1,701,303$2,852,432
82$3,800,191$2,066,171$1,707,361$3,027,975
83$4,135,270$2,114,873$1,712,017$3,218,939
84$4,502,872$2,164,306$1,715,174$3,426,861
85$4,906,262$2,214,455$1,716,729$3,653,433
86$5,349,037$2,265,299$1,716,576$3,900,523
87$5,835,159$2,316,818$1,714,601$4,170,188
88$6,368,991$2,368,989$1,710,686$4,464,697
89$6,955,342$2,421,783$1,704,708$4,786,550
90$7,599,506$2,475,170$1,696,536$5,138,503
91$8,307,320$2,529,117$1,686,033$5,523,595
92$9,085,209$2,583,587$1,673,058$5,945,174
93$9,940,255$2,638,537$1,657,460$6,406,934
94$10,880,259$2,693,923$1,639,083$6,912,942
95$11,913,815$2,749,695$1,617,762$7,467,687
96$13,050,393$2,805,799$1,593,326$8,076,113
97$14,300,425$2,862,175$1,565,594$8,743,671
98$15,675,405$2,918,759$1,534,379$9,476,372
99$17,187,998$2,975,480$1,499,482$10,280,840
100$18,852,157$3,032,261$1,460,698$11,164,376