Can I retire at age 72 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$132,952$131,768$130,613$129,485$128,384$126,570
2 years$65,818$64,592$63,404$62,252$61,135$59,311
3 years$43,443$42,212$41,027$39,886$38,787$37,009
4 years$32,257$31,030$29,857$28,735$27,663$25,946
5 years$25,548$24,328$23,170$22,072$21,029$19,377
6 years$21,076$19,866$18,725$17,651$16,639$15,055
7 years$17,884$16,683$15,561$14,512$13,532$12,016
8 years$15,490$14,300$13,197$12,173$11,226$9,777
9 years$13,630$12,451$11,366$10,369$9,454$8,072
10 years$12,142$10,975$9,909$8,938$8,055$6,739
11 years$10,926$9,770$8,724$7,779$6,928$5,676
12 years$9,913$8,769$7,742$6,823$6,004$4,815
13 years$9,056$7,925$6,917$6,024$5,235$4,108
14 years$8,323$7,204$6,215$5,347$4,589$3,522
15 years$7,688$6,581$5,611$4,769$4,041$3,031
16 years$7,133$6,038$5,088$4,270$3,571$2,618
17 years$6,644$5,560$4,630$3,837$3,166$2,267
18 years$6,209$5,138$4,226$3,458$2,815$1,968
19 years$5,821$4,762$3,869$3,124$2,509$1,712
20 years$5,472$4,425$3,551$2,830$2,242$1,492
21 years$5,157$4,122$3,266$2,568$2,006$1,302
22 years$4,870$3,847$3,010$2,335$1,798$1,138
23 years$4,609$3,598$2,779$2,126$1,614$996
24 years$4,370$3,372$2,570$1,939$1,451$872
25 years$4,151$3,164$2,381$1,771$1,305$764
26 years$3,949$2,974$2,208$1,619$1,176$670
27 years$3,762$2,799$2,050$1,482$1,060$588
28 years$3,588$2,637$1,906$1,358$957$517
29 years$3,427$2,488$1,774$1,245$864$454
30 years$3,277$2,349$1,652$1,143$780$399
31 years$3,137$2,221$1,540$1,050$706$351
32 years$3,006$2,102$1,437$965$638$309
33 years$2,883$1,990$1,342$887$578$272
34 years$2,768$1,886$1,254$816$523$239
35 years$2,659$1,789$1,172$751$474$211
36 years$2,557$1,698$1,096$692$429$185
37 years$2,461$1,613$1,026$638$389$163
38 years$2,369$1,533$961$588$353$144
39 years$2,283$1,457$900$542$320$127
40 years$2,201$1,387$844$500$290$112
41 years$2,123$1,320$791$461$263$98
42 years$2,050$1,257$742$426$239$87
43 years$1,980$1,198$697$393$217$76
44 years$1,913$1,142$654$363$197$67
45 years$1,849$1,089$614$335$179$59
46 years$1,789$1,039$577$309$162$52
47 years$1,731$991$542$286$147$46
48 years$1,675$946$509$264$134$41
49 years$1,623$904$479$244$121$36
50 years$1,572$863$450$226$110$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,610,000, adding $5,909 every year, while hoping to spend $27,786 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: 53/26/21 Blend
71$1,610,000$1,610,000$1,610,000$1,610,000
72$1,780,315$1,694,985$1,670,030$1,864,106
73$1,932,343$1,748,475$1,696,412$1,975,847
74$2,098,947$1,803,655$1,722,747$2,093,988
75$2,281,583$1,860,578$1,749,003$2,221,953
76$2,481,858$1,919,300$1,775,147$2,360,689
77$2,701,539$1,979,877$1,801,146$2,511,235
78$2,942,573$2,042,367$1,826,961$2,674,738
79$3,207,104$2,106,833$1,852,554$2,852,457
80$3,497,497$2,173,335$1,877,882$3,045,782
81$3,816,352$2,241,939$1,902,901$3,256,239
82$4,166,537$2,312,711$1,927,566$3,485,511
83$4,551,209$2,385,720$1,951,825$3,735,452
84$4,973,849$2,461,036$1,975,627$4,008,100
85$5,438,287$2,538,733$1,998,917$4,305,702
86$5,948,748$2,618,886$2,021,635$4,630,733
87$6,509,881$2,701,573$2,043,721$4,985,917
88$7,126,813$2,786,874$2,065,110$5,374,255
89$7,805,188$2,874,871$2,085,732$5,799,053
90$8,551,229$2,965,651$2,105,515$6,263,951
91$9,371,787$3,059,301$2,124,383$6,772,960
92$10,274,415$3,155,913$2,142,255$7,330,498
93$11,267,433$3,255,579$2,159,048$7,941,431
94$12,360,006$3,358,398$2,174,672$8,611,121
95$13,562,236$3,464,469$2,189,032$9,345,474
96$14,885,251$3,573,895$2,202,032$10,150,996
97$16,341,313$3,686,782$2,213,566$11,034,856
98$17,943,933$3,803,240$2,223,526$12,004,952
99$19,707,997$3,923,382$2,231,798$13,069,984
100$21,649,911$4,047,326$2,238,261$14,239,539