Can I retire at age 72 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$159,378$157,958$156,573$155,221$153,901$151,351
2 years$78,900$77,430$76,006$74,625$73,286$70,725
3 years$52,077$50,602$49,181$47,813$46,496$44,003
4 years$38,669$37,198$35,791$34,447$33,161$30,755
5 years$30,626$29,163$27,775$26,458$25,209$22,897
6 years$25,265$23,814$22,447$21,159$19,947$17,732
7 years$21,438$19,999$18,653$17,396$16,222$14,105
8 years$18,569$17,143$15,819$14,593$13,458$11,438
9 years$16,339$14,926$13,625$12,430$11,333$9,409
10 years$14,555$13,156$11,879$10,715$9,657$7,827
11 years$13,097$11,712$10,458$9,325$8,305$6,568
12 years$11,883$10,512$9,281$8,179$7,197$5,550
13 years$10,857$9,500$8,292$7,221$6,276$4,717
14 years$9,977$8,635$7,451$6,410$5,501$4,027
15 years$9,216$7,889$6,727$5,717$4,844$3,452
16 years$8,551$7,238$6,099$5,119$4,281$2,969
17 years$7,964$6,666$5,550$4,599$3,796$2,560
18 years$7,443$6,159$5,066$4,145$3,375$2,213
19 years$6,978$5,708$4,638$3,745$3,008$1,917
20 years$6,559$5,305$4,256$3,392$2,687$1,663
21 years$6,181$4,941$3,915$3,078$2,405$1,445
22 years$5,838$4,612$3,608$2,799$2,155$1,257
23 years$5,525$4,314$3,332$2,549$1,935$1,094
24 years$5,239$4,042$3,081$2,325$1,739$954
25 years$4,976$3,793$2,854$2,123$1,565$832
26 years$4,733$3,565$2,647$1,941$1,410$726
27 years$4,509$3,355$2,458$1,777$1,271$635
28 years$4,302$3,161$2,285$1,628$1,147$555
29 years$4,108$2,982$2,126$1,493$1,035$485
30 years$3,929$2,816$1,980$1,370$936$424
31 years$3,761$2,662$1,846$1,258$846$371
32 years$3,604$2,519$1,723$1,157$765$325
33 years$3,456$2,386$1,608$1,064$692$284
34 years$3,318$2,261$1,503$979$627$249
35 years$3,188$2,145$1,405$901$568$218
36 years$3,065$2,036$1,314$830$515$191
37 years$2,950$1,933$1,230$764$466$168
38 years$2,840$1,837$1,152$705$423$147
39 years$2,737$1,747$1,079$650$383$129
40 years$2,639$1,662$1,012$599$348$113
41 years$2,546$1,582$949$553$315$99
42 years$2,457$1,507$890$510$286$87
43 years$2,373$1,436$835$471$260$76
44 years$2,293$1,369$784$435$236$67
45 years$2,217$1,305$736$402$214$58
46 years$2,144$1,245$691$371$194$51
47 years$2,075$1,188$649$343$176$45
48 years$2,008$1,134$610$317$160$39
49 years$1,945$1,083$574$293$146$35
50 years$1,884$1,035$539$271$132$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,930,000, adding $2,301 every year, while hoping to spend $49,883 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: 75/7/18 Blend
71$1,930,000$1,930,000$1,930,000$1,930,000
72$2,129,233$2,026,943$1,997,028$2,279,953
73$2,293,340$2,073,189$2,010,854$2,426,321
74$2,472,514$2,120,028$2,023,470$2,580,339
75$2,668,239$2,167,438$2,034,785$2,747,840
76$2,882,149$2,215,392$2,044,700$2,930,155
77$3,116,043$2,263,861$2,053,112$3,128,750
78$3,371,901$2,312,812$2,059,914$3,345,239
79$3,651,905$2,362,209$2,064,990$3,581,402
80$3,958,455$2,412,014$2,068,224$3,839,197
81$4,294,196$2,462,181$2,069,488$4,120,785
82$4,662,040$2,512,664$2,068,652$4,428,544
83$5,065,194$2,563,410$2,065,577$4,765,095
84$5,507,190$2,614,364$2,060,120$5,133,327
85$5,991,918$2,665,462$2,052,129$5,536,422
86$6,523,662$2,716,638$2,041,444$5,977,887
87$7,107,142$2,767,820$2,027,899$6,461,587
88$7,747,557$2,818,929$2,011,319$6,991,780
89$8,450,631$2,869,880$1,991,522$7,573,159
90$9,222,673$2,920,582$1,968,316$8,210,893
91$10,070,631$2,970,936$1,941,499$8,910,683
92$11,002,159$3,020,835$1,910,863$9,678,806
93$12,025,688$3,070,165$1,876,186$10,522,184
94$13,150,509$3,118,804$1,837,239$11,448,442
95$14,386,855$3,166,619$1,793,781$12,465,984
96$15,746,000$3,213,470$1,745,559$13,584,071
97$17,240,367$3,259,204$1,692,309$14,812,911
98$18,883,639$3,303,661$1,633,757$16,163,750
99$20,690,896$3,346,665$1,569,612$17,648,984
100$22,678,747$3,388,032$1,499,575$19,282,274