Can I retire at age 72 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$142,862$141,589$140,348$139,136$137,953$136,854
2 years$70,724$69,406$68,130$66,892$65,692$64,584
3 years$46,681$45,358$44,085$42,859$41,678$40,595
4 years$34,662$33,343$32,082$30,877$29,725$28,677
5 years$27,452$26,141$24,897$23,717$22,596$21,585
6 years$22,647$21,346$20,121$18,966$17,880$16,907
7 years$19,217$17,927$16,720$15,593$14,541$13,606
8 years$16,645$15,366$14,180$13,081$12,063$11,167
9 years$14,646$13,379$12,213$11,142$10,159$9,301
10 years$13,047$11,793$10,648$9,604$8,656$7,836
11 years$11,740$10,499$9,374$8,359$7,444$6,662
12 years$10,652$9,423$8,319$7,332$6,451$5,705
13 years$9,732$8,516$7,433$6,473$5,626$4,915
14 years$8,943$7,741$6,678$5,746$4,931$4,256
15 years$8,261$7,071$6,030$5,124$4,342$3,701
16 years$7,665$6,488$5,467$4,588$3,837$3,229
17 years$7,139$5,975$4,975$4,123$3,402$2,826
18 years$6,672$5,521$4,541$3,715$3,025$2,480
19 years$6,255$5,117$4,157$3,357$2,697$2,181
20 years$5,880$4,755$3,815$3,040$2,409$1,921
21 years$5,541$4,429$3,509$2,759$2,155$1,696
22 years$5,233$4,134$3,234$2,509$1,932$1,499
23 years$4,953$3,867$2,986$2,285$1,734$1,327
24 years$4,696$3,623$2,762$2,084$1,559$1,175
25 years$4,460$3,400$2,558$1,903$1,403$1,042
26 years$4,243$3,195$2,372$1,740$1,264$925
27 years$4,042$3,007$2,203$1,593$1,139$822
28 years$3,856$2,834$2,048$1,459$1,028$730
29 years$3,683$2,673$1,906$1,338$928$650
30 years$3,522$2,525$1,775$1,228$839$578
31 years$3,371$2,387$1,655$1,128$758$515
32 years$3,230$2,258$1,544$1,037$686$458
33 years$3,098$2,139$1,442$953$621$408
34 years$2,974$2,027$1,347$877$562$364
35 years$2,858$1,922$1,259$807$509$325
36 years$2,748$1,825$1,178$744$461$289
37 years$2,644$1,733$1,103$685$418$258
38 years$2,546$1,647$1,033$632$379$230
39 years$2,453$1,566$968$582$344$206
40 years$2,365$1,490$907$537$312$183
41 years$2,282$1,418$850$496$283$164
42 years$2,203$1,351$798$457$257$146
43 years$2,127$1,287$748$422$233$130
44 years$2,055$1,227$703$390$211$117
45 years$1,987$1,170$660$360$192$104
46 years$1,922$1,116$620$333$174$93
47 years$1,860$1,065$582$307$158$83
48 years$1,800$1,017$547$284$144$74
49 years$1,743$971$514$262$130$66
50 years$1,689$927$483$242$119$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,730,000, adding $6,601 every year, while hoping to spend $57,775 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: 37/47/16 Blend
71$1,730,000$1,730,000$1,730,000$1,730,000
72$1,913,269$1,821,579$1,794,764$1,974,541
73$2,046,950$1,849,364$1,793,416$2,047,040
74$2,192,331$1,876,574$1,790,087$2,119,310
75$2,350,542$1,903,121$1,784,649$2,196,141
76$2,522,832$1,928,907$1,776,969$2,277,970
77$2,710,569$1,953,833$1,766,906$2,365,283
78$2,915,264$1,977,787$1,754,314$2,458,618
79$3,138,576$2,000,654$1,739,039$2,558,569
80$3,382,333$2,022,309$1,720,919$2,665,794
81$3,648,549$2,042,619$1,699,787$2,781,018
82$3,939,436$2,061,443$1,675,466$2,905,048
83$4,257,434$2,078,629$1,647,769$3,038,771
84$4,605,227$2,094,017$1,616,504$3,183,171
85$4,985,772$2,107,435$1,581,469$3,339,337
86$5,402,322$2,118,701$1,542,450$3,508,470
87$5,858,463$2,127,622$1,499,226$3,691,899
88$6,358,142$2,133,990$1,451,565$3,891,094
89$6,905,703$2,137,587$1,399,224$4,107,679
90$7,505,936$2,138,180$1,341,949$4,343,449
91$8,164,112$2,135,521$1,279,474$4,600,389
92$8,886,037$2,129,347$1,211,523$4,880,691
93$9,678,109$2,119,381$1,137,805$5,186,777
94$10,547,371$2,105,326$1,058,016$5,521,324
95$11,501,584$2,086,868$971,841$5,887,290
96$12,549,295$2,063,674$878,947$6,287,942
97$13,699,922$2,035,392$778,990$6,726,887
98$14,963,836$2,001,649$671,608$7,208,111
99$16,352,465$1,962,047$556,425$7,736,017
100$17,878,397$1,916,168$433,046$8,315,466