Can I retire at age 72 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$153,597$152,229$150,894$149,591$148,319$144,675
2 years$76,038$74,622$73,250$71,919$70,628$66,979
3 years$50,189$48,766$47,397$46,079$44,809$41,270
4 years$37,266$35,848$34,493$33,197$31,958$28,555
5 years$29,515$28,106$26,768$25,499$24,294$21,037
6 years$24,349$22,950$21,633$20,392$19,223$16,115
7 years$20,661$19,274$17,977$16,765$15,634$12,675
8 years$17,896$16,521$15,246$14,064$12,970$10,160
9 years$15,746$14,385$13,131$11,979$10,922$8,258
10 years$14,027$12,679$11,448$10,326$9,306$6,785
11 years$12,622$11,288$10,079$8,987$8,004$5,622
12 years$11,452$10,131$8,945$7,883$6,936$4,690
13 years$10,463$9,156$7,991$6,959$6,048$3,933
14 years$9,615$8,322$7,180$6,178$5,302$3,313
15 years$8,882$7,602$6,483$5,509$4,668$2,801
16 years$8,241$6,975$5,878$4,933$4,126$2,375
17 years$7,675$6,424$5,348$4,432$3,658$2,019
18 years$7,173$5,936$4,882$3,994$3,253$1,719
19 years$6,725$5,501$4,470$3,609$2,899$1,467
20 years$6,322$5,112$4,102$3,269$2,590$1,254
21 years$5,957$4,762$3,773$2,967$2,317$1,073
22 years$5,626$4,445$3,477$2,697$2,077$919
23 years$5,325$4,157$3,211$2,457$1,865$788
24 years$5,049$3,895$2,969$2,241$1,676$676
25 years$4,795$3,655$2,750$2,046$1,508$581
26 years$4,562$3,435$2,551$1,871$1,358$499
27 years$4,346$3,233$2,369$1,713$1,225$429
28 years$4,146$3,047$2,202$1,569$1,105$369
29 years$3,959$2,874$2,049$1,439$998$317
30 years$3,786$2,714$1,909$1,321$902$273
31 years$3,624$2,566$1,779$1,213$815$235
32 years$3,473$2,428$1,660$1,115$737$202
33 years$3,331$2,299$1,550$1,025$667$174
34 years$3,198$2,179$1,448$943$604$150
35 years$3,072$2,067$1,354$868$547$129
36 years$2,954$1,962$1,267$800$496$111
37 years$2,843$1,863$1,186$737$449$96
38 years$2,737$1,771$1,110$679$407$83
39 years$2,637$1,684$1,040$626$369$71
40 years$2,543$1,602$975$577$335$61
41 years$2,453$1,525$914$533$304$53
42 years$2,368$1,452$858$492$276$46
43 years$2,287$1,384$805$454$250$39
44 years$2,210$1,319$755$419$227$34
45 years$2,136$1,258$709$387$206$29
46 years$2,066$1,200$666$358$187$25
47 years$2,000$1,145$626$330$170$22
48 years$1,936$1,093$588$305$154$19
49 years$1,874$1,044$553$282$140$16
50 years$1,816$997$520$261$127$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,860,000, adding $6,544 every year, while hoping to spend $45,670 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: 57/34/9 Blend
71$1,860,000$1,860,000$1,860,000$1,860,000
72$2,056,470$1,957,890$1,929,060$2,168,959
73$2,217,638$2,005,234$1,945,091$2,292,878
74$2,393,713$2,053,368$1,960,128$2,422,163
75$2,586,170$2,102,280$1,974,091$2,561,919
76$2,796,629$2,151,962$1,986,892$2,713,154
77$3,026,874$2,202,397$1,998,442$2,876,974
78$3,278,872$2,253,571$2,008,647$3,054,599
79$3,554,786$2,305,465$2,017,406$3,247,374
80$3,857,000$2,358,058$2,024,614$3,456,778
81$4,188,137$2,411,327$2,030,162$3,684,442
82$4,551,089$2,465,244$2,033,935$3,932,160
83$4,949,039$2,519,779$2,035,810$4,201,911
84$5,385,492$2,574,900$2,035,661$4,495,872
85$5,864,310$2,630,568$2,033,353$4,816,445
86$6,389,747$2,686,743$2,028,748$5,166,273
87$6,966,488$2,743,380$2,021,698$5,548,269
88$7,599,694$2,800,429$2,012,048$5,965,644
89$8,295,049$2,857,837$1,999,638$6,421,935
90$9,058,816$2,915,543$1,984,299$6,921,038
91$9,897,894$2,973,483$1,965,851$7,467,248
92$10,819,883$3,031,588$1,944,111$8,065,295
93$11,833,156$3,089,780$1,918,884$8,720,396
94$12,946,936$3,147,978$1,889,965$9,438,294
95$14,171,386$3,206,092$1,857,141$10,225,322
96$15,517,702$3,264,024$1,820,189$11,088,458
97$16,998,218$3,321,672$1,778,876$12,035,390
98$18,626,524$3,378,922$1,732,957$13,074,593
99$20,417,595$3,435,654$1,682,176$14,215,405
100$22,387,926$3,491,738$1,626,265$15,468,118