Can I retire at age 72 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$141,210$139,952$138,725$137,527$136,358$131,259
2 years$69,906$68,604$67,342$66,119$64,932$59,854
3 years$46,141$44,834$43,575$42,363$41,196$36,297
4 years$34,261$32,957$31,711$30,520$29,381$24,700
5 years$27,135$25,839$24,609$23,442$22,335$17,883
6 years$22,385$21,099$19,888$18,747$17,673$13,454
7 years$18,994$17,719$16,527$15,413$14,373$10,385
8 years$16,452$15,189$14,016$12,930$11,924$8,163
9 years$14,476$13,225$12,072$11,013$10,041$6,504
10 years$12,896$11,657$10,525$9,493$8,556$5,234
11 years$11,604$10,377$9,266$8,262$7,358$4,246
12 years$10,529$9,314$8,223$7,247$6,377$3,465
13 years$9,619$8,417$7,347$6,398$5,560$2,841
14 years$8,840$7,651$6,601$5,679$4,874$2,339
15 years$8,166$6,989$5,960$5,065$4,292$1,932
16 years$7,576$6,413$5,404$4,535$3,793$1,600
17 years$7,056$5,906$4,917$4,075$3,363$1,327
18 years$6,595$5,457$4,489$3,672$2,990$1,103
19 years$6,182$5,058$4,109$3,318$2,665$918
20 years$5,812$4,700$3,771$3,005$2,381$765
21 years$5,477$4,378$3,469$2,727$2,131$638
22 years$5,173$4,086$3,197$2,480$1,910$533
23 years$4,895$3,822$2,952$2,258$1,714$445
24 years$4,642$3,581$2,730$2,060$1,541$372
25 years$4,409$3,361$2,529$1,881$1,386$311
26 years$4,194$3,158$2,345$1,720$1,249$260
27 years$3,995$2,972$2,178$1,574$1,126$218
28 years$3,811$2,801$2,024$1,443$1,016$182
29 years$3,640$2,642$1,884$1,323$917$153
30 years$3,481$2,495$1,755$1,214$829$128
31 years$3,332$2,359$1,636$1,115$749$107
32 years$3,193$2,232$1,526$1,025$678$90
33 years$3,062$2,114$1,425$942$614$75
34 years$2,940$2,003$1,332$867$555$63
35 years$2,825$1,900$1,245$798$503$53
36 years$2,716$1,804$1,165$735$456$44
37 years$2,613$1,713$1,090$677$413$37
38 years$2,516$1,628$1,021$624$375$31
39 years$2,425$1,548$956$576$340$26
40 years$2,338$1,473$896$531$308$22
41 years$2,255$1,402$841$490$280$18
42 years$2,177$1,335$788$452$254$15
43 years$2,103$1,272$740$417$230$13
44 years$2,032$1,213$694$385$209$11
45 years$1,964$1,156$652$356$190$9
46 years$1,900$1,103$612$329$172$8
47 years$1,838$1,053$575$304$156$6
48 years$1,780$1,005$541$281$142$5
49 years$1,723$960$508$259$129$4
50 years$1,670$917$478$240$117$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,710,000, adding $3,610 every year, while hoping to spend $41,724 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: 63/10/27 Blend
71$1,710,000$1,710,000$1,710,000$1,710,000
72$1,888,144$1,797,514$1,771,009$1,993,322
73$2,036,340$1,841,198$1,785,943$2,108,722
74$2,198,255$1,885,624$1,799,980$2,229,819
75$2,375,242$1,930,785$1,813,045$2,361,190
76$2,568,794$1,976,671$1,825,059$2,503,847
77$2,780,553$2,023,270$1,835,941$2,658,908
78$3,012,329$2,070,569$1,845,604$2,827,603
79$3,266,113$2,118,554$1,853,958$3,011,287
80$3,544,098$2,167,205$1,860,908$3,211,456
81$3,848,701$2,216,502$1,866,353$3,429,756
82$4,182,580$2,266,423$1,870,188$3,668,002
83$4,548,667$2,316,941$1,872,303$3,928,196
84$4,950,188$2,368,028$1,872,581$4,212,541
85$5,390,697$2,419,651$1,870,903$4,523,470
86$5,874,108$2,471,775$1,867,139$4,863,659
87$6,404,735$2,524,360$1,861,156$5,236,063
88$6,987,328$2,577,363$1,852,814$5,643,934
89$7,627,118$2,630,736$1,841,965$6,090,861
90$8,329,869$2,684,428$1,828,457$6,580,795
91$9,101,932$2,738,381$1,812,126$7,118,096
92$9,950,301$2,792,534$1,792,805$7,707,565
93$10,882,684$2,846,820$1,770,315$8,354,497
94$11,907,569$2,901,165$1,744,472$9,064,726
95$13,034,310$2,955,491$1,715,081$9,844,685
96$14,273,212$3,009,713$1,681,939$10,701,461
97$15,635,628$3,063,737$1,644,832$11,642,868
98$17,134,067$3,117,465$1,603,539$12,677,517
99$18,782,310$3,170,789$1,557,826$13,814,902
100$20,595,542$3,223,594$1,507,449$15,065,483