Can I retire at age 72 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$133,778$132,586$131,424$130,289$129,181$127,251
2 years$66,227$64,993$63,798$62,639$61,515$59,574
3 years$43,713$42,474$41,282$40,133$39,028$37,137
4 years$32,458$31,223$30,042$28,914$27,835$26,009
5 years$25,707$24,479$23,314$22,209$21,160$19,404
6 years$21,207$19,989$18,841$17,760$16,743$15,060
7 years$17,995$16,787$15,657$14,602$13,616$12,006
8 years$15,586$14,389$13,279$12,249$11,296$9,758
9 years$13,714$12,528$11,437$10,434$9,513$8,047
10 years$12,217$11,043$9,971$8,994$8,106$6,710
11 years$10,994$9,831$8,778$7,827$6,971$5,645
12 years$9,974$8,824$7,790$6,866$6,041$4,782
13 years$9,113$7,974$6,960$6,061$5,268$4,075
14 years$8,375$7,248$6,254$5,381$4,618$3,489
15 years$7,736$6,622$5,646$4,798$4,066$2,999
16 years$7,177$6,075$5,119$4,297$3,593$2,586
17 years$6,685$5,595$4,658$3,860$3,186$2,236
18 years$6,248$5,170$4,252$3,479$2,833$1,939
19 years$5,857$4,791$3,893$3,144$2,525$1,684
20 years$5,506$4,452$3,573$2,847$2,255$1,465
21 years$5,189$4,147$3,286$2,584$2,018$1,277
22 years$4,900$3,871$3,029$2,349$1,809$1,114
23 years$4,638$3,621$2,797$2,140$1,624$973
24 years$4,397$3,392$2,586$1,951$1,460$851
25 years$4,177$3,184$2,395$1,782$1,314$745
26 years$3,973$2,992$2,222$1,630$1,183$652
27 years$3,785$2,816$2,063$1,492$1,067$572
28 years$3,611$2,653$1,918$1,367$963$501
29 years$3,449$2,503$1,785$1,253$869$440
30 years$3,298$2,364$1,662$1,150$785$386
31 years$3,157$2,235$1,550$1,056$710$339
32 years$3,025$2,115$1,446$971$642$298
33 years$2,901$2,003$1,350$893$581$261
34 years$2,785$1,898$1,261$821$526$230
35 years$2,676$1,800$1,179$756$477$202
36 years$2,573$1,709$1,103$696$432$177
37 years$2,476$1,623$1,033$642$391$156
38 years$2,384$1,542$967$591$355$137
39 years$2,297$1,467$906$545$322$121
40 years$2,215$1,395$849$503$292$106
41 years$2,137$1,328$796$464$265$93
42 years$2,062$1,265$747$428$240$82
43 years$1,992$1,205$701$395$218$72
44 years$1,925$1,149$658$365$198$64
45 years$1,861$1,095$618$337$180$56
46 years$1,800$1,045$580$311$163$49
47 years$1,742$997$545$288$148$43
48 years$1,686$952$512$266$135$38
49 years$1,633$909$481$246$122$34
50 years$1,582$868$453$227$111$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,620,000, adding $5,225 every year, while hoping to spend $23,420 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: 38/32/30 Blend
71$1,620,000$1,620,000$1,620,000$1,620,000
72$1,790,630$1,704,770$1,679,660$1,842,532
73$1,948,355$1,763,385$1,711,009$1,939,932
74$2,121,384$1,824,087$1,742,625$2,042,618
75$2,311,252$1,886,954$1,774,489$2,153,163
76$2,519,651$1,952,066$1,806,586$2,272,294
77$2,748,445$2,019,507$1,838,897$2,400,816
78$2,999,688$2,089,365$1,871,401$2,539,612
79$3,275,641$2,161,728$1,904,078$2,689,651
80$3,578,796$2,236,692$1,936,904$2,852,003
81$3,911,897$2,314,354$1,969,855$3,027,841
82$4,277,969$2,394,816$2,002,903$3,218,458
83$4,680,342$2,478,182$2,036,020$3,425,276
84$5,122,687$2,564,563$2,069,177$3,649,858
85$5,609,047$2,654,073$2,102,341$3,893,926
86$6,143,877$2,746,830$2,135,476$4,159,375
87$6,732,085$2,842,957$2,168,547$4,448,290
88$7,379,078$2,942,582$2,201,514$4,762,967
89$8,090,815$3,045,840$2,234,336$5,105,932
90$8,873,859$3,152,867$2,266,968$5,479,968
91$9,735,445$3,263,810$2,299,363$5,888,136
92$10,683,540$3,378,816$2,331,471$6,333,810
93$11,726,926$3,498,043$2,363,240$6,820,701
94$12,875,278$3,621,652$2,394,614$7,352,900
95$14,139,256$3,749,813$2,425,534$7,934,908
96$15,530,607$3,882,701$2,455,936$8,571,685
97$17,062,274$4,020,498$2,485,755$9,268,690
98$18,748,519$4,163,395$2,514,920$10,031,939
99$20,605,056$4,311,590$2,543,358$10,868,055
100$22,649,202$4,465,288$2,570,991$11,784,336