Can I retire at age 72 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$161,029$159,595$158,195$156,829$155,496$154,516
2 years$79,717$78,233$76,794$75,399$74,046$73,057
3 years$52,617$51,126$49,691$48,309$46,978$46,011
4 years$39,070$37,583$36,162$34,804$33,505$32,568
5 years$30,943$29,466$28,063$26,733$25,470$24,565
6 years$25,527$24,061$22,679$21,378$20,153$19,282
7 years$21,660$20,206$18,847$17,576$16,390$15,553
8 years$18,761$17,320$15,983$14,744$13,597$12,794
9 years$16,508$15,081$13,767$12,559$11,451$10,681
10 years$14,706$13,293$12,002$10,826$9,757$9,020
11 years$13,233$11,834$10,566$9,422$8,391$7,687
12 years$12,006$10,621$9,377$8,264$7,271$6,600
13 years$10,969$9,599$8,378$7,296$6,341$5,701
14 years$10,081$8,725$7,528$6,477$5,558$4,949
15 years$9,312$7,970$6,797$5,776$4,894$4,315
16 years$8,639$7,313$6,162$5,172$4,325$3,775
17 years$8,047$6,735$5,607$4,647$3,835$3,313
18 years$7,520$6,223$5,119$4,188$3,410$2,915
19 years$7,050$5,768$4,686$3,784$3,039$2,571
20 years$6,627$5,359$4,300$3,427$2,715$2,272
21 years$6,245$4,992$3,956$3,110$2,430$2,011
22 years$5,899$4,660$3,646$2,828$2,178$1,783
23 years$5,583$4,358$3,366$2,575$1,955$1,583
24 years$5,293$4,084$3,113$2,349$1,757$1,407
25 years$5,027$3,832$2,883$2,145$1,581$1,251
26 years$4,782$3,602$2,674$1,961$1,424$1,114
27 years$4,556$3,390$2,483$1,795$1,284$993
28 years$4,346$3,194$2,308$1,645$1,159$885
29 years$4,151$3,013$2,148$1,508$1,046$790
30 years$3,969$2,846$2,001$1,384$945$705
31 years$3,800$2,690$1,865$1,271$855$630
32 years$3,641$2,545$1,741$1,169$773$563
33 years$3,492$2,410$1,625$1,075$700$503
34 years$3,352$2,285$1,518$989$633$450
35 years$3,221$2,167$1,420$910$574$403
36 years$3,097$2,057$1,328$838$520$360
37 years$2,980$1,953$1,243$772$471$322
38 years$2,870$1,856$1,164$712$427$289
39 years$2,765$1,765$1,091$656$387$258
40 years$2,666$1,679$1,022$605$351$231
41 years$2,572$1,599$958$559$319$207
42 years$2,483$1,523$899$515$289$186
43 years$2,398$1,451$844$476$262$166
44 years$2,317$1,383$792$439$238$149
45 years$2,240$1,319$744$406$216$134
46 years$2,166$1,258$698$375$196$120
47 years$2,096$1,200$656$346$178$107
48 years$2,029$1,146$617$320$162$96
49 years$1,965$1,094$580$296$147$86
50 years$1,904$1,045$545$273$134$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,950,000, adding $6,476 every year, while hoping to spend $57,589 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: 76/12/12 Blend
71$1,950,000$1,950,000$1,950,000$1,950,000
72$2,155,580$2,052,230$2,022,005$2,313,861
73$2,314,175$2,091,515$2,028,468$2,458,375
74$2,487,016$2,130,795$2,033,217$2,608,835
75$2,675,497$2,170,008$2,036,135$2,772,163
76$2,881,148$2,209,090$2,037,096$2,949,619
77$3,105,658$2,247,968$2,035,972$3,142,590
78$3,350,883$2,286,566$2,032,624$3,352,606
79$3,618,867$2,324,801$2,026,911$3,581,349
80$3,911,860$2,362,586$2,018,681$3,830,675
81$4,232,340$2,399,823$2,007,778$4,102,629
82$4,583,036$2,436,411$1,994,035$4,399,461
83$4,966,951$2,472,241$1,977,281$4,723,653
84$5,387,394$2,507,194$1,957,333$5,077,938
85$5,848,006$2,541,145$1,934,002$5,465,328
86$6,352,801$2,573,959$1,907,090$5,889,142
87$6,906,196$2,605,493$1,876,387$6,353,036
88$7,513,058$2,635,592$1,841,676$6,861,039
89$8,178,747$2,664,093$1,802,728$7,417,593
90$8,909,165$2,690,819$1,759,306$8,027,589
91$9,710,816$2,715,586$1,711,159$8,696,420
92$10,590,862$2,738,192$1,658,025$9,430,027
93$11,557,194$2,758,427$1,599,633$10,234,959
94$12,618,502$2,776,065$1,535,695$11,118,430
95$13,784,362$2,790,864$1,465,913$12,088,393
96$15,065,321$2,802,571$1,389,975$13,153,611
97$16,472,998$2,810,911$1,307,554$14,323,742
98$18,020,196$2,815,598$1,218,309$15,609,428
99$19,721,017$2,816,323$1,121,884$17,022,398
100$21,590,998$2,812,761$1,017,905$18,575,579