Can I retire at age 72 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$145,339$144,045$142,781$141,549$140,345$138,937
2 years$71,950$70,610$69,311$68,052$66,831$65,413
3 years$47,490$46,144$44,849$43,602$42,400$41,016
4 years$35,263$33,921$32,639$31,413$30,240$28,901
5 years$27,928$26,595$25,329$24,128$22,988$21,697
6 years$23,040$21,716$20,470$19,295$18,190$16,949
7 years$19,550$18,237$17,010$15,864$14,793$13,603
8 years$16,933$15,633$14,426$13,308$12,272$11,132
9 years$14,900$13,611$12,425$11,335$10,335$9,245
10 years$13,273$11,998$10,833$9,771$8,806$7,765
11 years$11,944$10,681$9,537$8,504$7,573$6,581
12 years$10,836$9,586$8,464$7,459$6,563$5,619
13 years$9,900$8,663$7,562$6,585$5,723$4,825
14 years$9,099$7,875$6,794$5,846$5,017$4,164
15 years$8,404$7,194$6,134$5,213$4,417$3,609
16 years$7,797$6,600$5,562$4,668$3,904$3,138
17 years$7,263$6,078$5,061$4,194$3,461$2,737
18 years$6,788$5,617$4,620$3,780$3,078$2,393
19 years$6,363$5,206$4,229$3,415$2,743$2,097
20 years$5,982$4,837$3,881$3,093$2,450$1,841
21 years$5,637$4,506$3,570$2,807$2,193$1,619
22 years$5,324$4,206$3,290$2,552$1,966$1,425
23 years$5,039$3,934$3,038$2,325$1,764$1,257
24 years$4,777$3,686$2,810$2,120$1,586$1,109
25 years$4,538$3,459$2,602$1,936$1,427$980
26 years$4,316$3,251$2,414$1,770$1,285$866
27 years$4,112$3,059$2,241$1,620$1,159$766
28 years$3,923$2,883$2,084$1,485$1,046$679
29 years$3,747$2,720$1,939$1,361$944$601
30 years$3,583$2,568$1,806$1,250$853$533
31 years$3,429$2,428$1,684$1,148$771$472
32 years$3,286$2,297$1,571$1,055$698$419
33 years$3,152$2,176$1,467$970$631$372
34 years$3,026$2,062$1,370$892$572$330
35 years$2,907$1,956$1,281$821$518$293
36 years$2,795$1,856$1,199$757$469$260
37 years$2,690$1,763$1,122$697$425$231
38 years$2,590$1,676$1,051$642$386$205
39 years$2,496$1,593$984$592$350$182
40 years$2,406$1,516$923$546$317$162
41 years$2,321$1,443$865$504$288$144
42 years$2,241$1,374$811$465$261$128
43 years$2,164$1,309$761$429$237$114
44 years$2,091$1,248$715$397$215$101
45 years$2,022$1,190$671$366$195$90
46 years$1,955$1,135$630$338$177$80
47 years$1,892$1,083$592$313$161$71
48 years$1,832$1,034$557$289$146$63
49 years$1,774$988$523$267$133$56
50 years$1,718$944$492$247$121$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,760,000, adding $2,157 every year, while hoping to spend $46,489 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: 75/13/12 Blend
71$1,760,000$1,760,000$1,760,000$1,760,000
72$1,941,745$1,848,465$1,821,185$2,082,597
73$2,090,339$1,889,576$1,832,731$2,216,940
74$2,252,532$1,931,143$1,843,105$2,358,082
75$2,429,660$1,973,140$1,852,220$2,511,477
76$2,623,199$2,015,536$1,859,982$2,678,325
77$2,834,768$2,058,301$1,866,295$2,859,950
78$3,066,153$2,101,396$1,871,054$3,057,810
79$3,319,320$2,144,784$1,874,154$3,273,512
80$3,596,434$2,188,421$1,875,481$3,508,825
81$3,899,877$2,232,261$1,874,917$3,765,697
82$4,232,274$2,276,252$1,872,336$4,046,276
83$4,596,516$2,320,338$1,867,610$4,352,927
84$4,995,787$2,364,460$1,860,600$4,688,256
85$5,433,591$2,408,553$1,851,164$5,055,134
86$5,913,790$2,452,545$1,839,151$5,456,725
87$6,440,638$2,496,361$1,824,404$5,896,514
88$7,018,819$2,539,919$1,806,758$6,378,341
89$7,653,494$2,583,130$1,786,039$6,906,438
90$8,350,346$2,625,899$1,762,067$7,485,468
91$9,115,638$2,668,124$1,734,653$8,120,569
92$9,956,266$2,709,695$1,703,597$8,817,402
93$10,879,829$2,750,495$1,668,691$9,582,206
94$11,894,699$2,790,396$1,629,719$10,421,856
95$13,010,096$2,829,264$1,586,454$11,343,926
96$14,236,182$2,866,954$1,538,656$12,356,766
97$15,584,149$2,903,311$1,486,077$13,469,574
98$17,066,328$2,938,169$1,428,457$14,692,488
99$18,696,307$2,971,352$1,365,523$16,036,679
100$20,489,053$3,002,672$1,296,991$17,514,459