Can I retire at age 72 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$151,120$149,774$148,460$147,178$145,927$140,248
2 years$74,812$73,418$72,068$70,759$69,489$63,836
3 years$49,379$47,980$46,633$45,336$44,087$38,638
4 years$36,665$35,270$33,937$32,662$31,443$26,240
5 years$29,039$27,652$26,336$25,088$23,902$18,958
6 years$23,956$22,580$21,284$20,063$18,913$14,231
7 years$20,327$18,963$17,687$16,495$15,381$10,960
8 years$17,607$16,255$15,000$13,837$12,760$8,595
9 years$15,492$14,153$12,919$11,786$10,746$6,831
10 years$13,801$12,475$11,263$10,160$9,156$5,483
11 years$12,419$11,106$9,916$8,842$7,875$4,436
12 years$11,267$9,968$8,800$7,756$6,824$3,611
13 years$10,294$9,008$7,862$6,847$5,951$2,953
14 years$9,460$8,188$7,064$6,078$5,216$2,424
15 years$8,739$7,480$6,378$5,421$4,593$1,996
16 years$8,108$6,863$5,783$4,853$4,059$1,648
17 years$7,551$6,320$5,262$4,361$3,599$1,364
18 years$7,058$5,840$4,804$3,930$3,200$1,130
19 years$6,616$5,413$4,398$3,551$2,852$938
20 years$6,220$5,030$4,036$3,216$2,548$779
21 years$5,861$4,685$3,712$2,919$2,280$648
22 years$5,536$4,373$3,421$2,654$2,044$539
23 years$5,239$4,090$3,159$2,417$1,835$449
24 years$4,967$3,832$2,922$2,204$1,649$374
25 years$4,718$3,596$2,706$2,013$1,484$312
26 years$4,488$3,380$2,510$1,841$1,337$260
27 years$4,276$3,181$2,330$1,685$1,205$217
28 years$4,079$2,997$2,166$1,544$1,087$181
29 years$3,896$2,828$2,016$1,416$982$151
30 years$3,725$2,670$1,878$1,299$887$126
31 years$3,566$2,524$1,751$1,193$802$105
32 years$3,417$2,389$1,633$1,097$726$88
33 years$3,277$2,262$1,525$1,008$657$73
34 years$3,146$2,144$1,425$928$594$61
35 years$3,023$2,034$1,332$854$538$51
36 years$2,906$1,930$1,246$787$488$43
37 years$2,797$1,833$1,167$725$442$36
38 years$2,693$1,742$1,092$668$401$30
39 years$2,595$1,657$1,023$616$364$25
40 years$2,502$1,576$959$568$330$21
41 years$2,414$1,500$899$524$299$17
42 years$2,330$1,429$844$484$271$15
43 years$2,250$1,361$792$447$246$12
44 years$2,174$1,298$743$412$224$10
45 years$2,102$1,237$698$381$203$8
46 years$2,033$1,181$655$352$184$7
47 years$1,967$1,127$616$325$167$6
48 years$1,904$1,075$579$300$152$5
49 years$1,844$1,027$544$278$138$4
50 years$1,787$981$511$257$125$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,830,000, adding $2,140 every year, while hoping to spend $34,580 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: 49/39/12 Blend
71$1,830,000$1,830,000$1,830,000$1,830,000
72$2,018,867$1,921,877$1,893,512$2,111,079
73$2,187,999$1,979,257$1,920,152$2,232,037
74$2,373,223$2,038,288$1,946,525$2,359,560
75$2,576,145$2,099,017$1,972,587$2,497,298
76$2,798,531$2,161,489$1,998,288$2,646,217
77$3,042,329$2,225,749$2,023,578$2,807,382
78$3,309,682$2,291,846$2,048,404$2,981,963
79$3,602,951$2,359,829$2,072,707$3,171,248
80$3,924,738$2,429,747$2,096,429$3,376,655
81$4,277,908$2,501,650$2,119,506$3,599,743
82$4,665,615$2,575,592$2,141,870$3,842,230
83$5,091,337$2,651,625$2,163,451$4,106,005
84$5,558,901$2,729,802$2,184,175$4,393,150
85$6,072,527$2,810,181$2,203,963$4,705,955
86$6,636,862$2,892,816$2,222,732$5,046,941
87$7,257,023$2,977,766$2,240,396$5,418,888
88$7,938,653$3,065,090$2,256,862$5,824,852
89$8,687,963$3,154,847$2,272,034$6,268,201
90$9,511,799$3,247,098$2,285,811$6,752,645
91$10,417,702$3,341,906$2,298,086$7,282,268
92$11,413,983$3,439,334$2,308,747$7,861,568
93$12,509,795$3,539,447$2,317,675$8,495,502
94$13,715,224$3,642,310$2,324,748$9,189,527
95$15,041,384$3,747,991$2,329,834$9,949,655
96$16,500,520$3,856,557$2,332,798$10,782,510
97$18,106,123$3,968,078$2,333,496$11,695,387
98$19,873,057$4,082,623$2,331,778$12,696,323
99$21,817,702$4,200,265$2,327,486$13,794,172
100$23,958,105$4,321,075$2,320,454$14,998,690