Can I retire at age 72 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$161,855$160,413$159,007$157,634$156,293$150,568
2 years$80,126$78,634$77,188$75,785$74,425$68,721
3 years$52,887$51,388$49,946$48,556$47,218$41,715
4 years$39,270$37,776$36,348$34,982$33,677$28,415
5 years$31,102$29,617$28,207$26,870$25,600$20,595
6 years$25,658$24,184$22,796$21,488$20,257$15,511
7 years$21,771$20,310$18,943$17,666$16,474$11,986
8 years$18,858$17,409$16,065$14,820$13,667$9,434
9 years$16,593$15,158$13,837$12,623$11,510$7,525
10 years$14,782$13,361$12,064$10,881$9,807$6,064
11 years$13,301$11,894$10,621$9,470$8,434$4,925
12 years$12,068$10,676$9,425$8,307$7,309$4,024
13 years$11,025$9,648$8,421$7,333$6,373$3,305
14 years$10,132$8,770$7,566$6,510$5,587$2,725
15 years$9,359$8,011$6,831$5,806$4,919$2,253
16 years$8,684$7,350$6,194$5,198$4,348$1,869
17 years$8,088$6,769$5,636$4,671$3,855$1,553
18 years$7,559$6,255$5,145$4,209$3,428$1,293
19 years$7,086$5,797$4,710$3,803$3,055$1,078
20 years$6,661$5,387$4,323$3,445$2,729$899
21 years$6,278$5,018$3,976$3,126$2,442$751
22 years$5,929$4,684$3,664$2,842$2,189$628
23 years$5,611$4,381$3,383$2,589$1,965$526
24 years$5,320$4,104$3,129$2,361$1,766$440
25 years$5,053$3,852$2,898$2,156$1,589$369
26 years$4,807$3,620$2,688$1,972$1,431$309
27 years$4,579$3,407$2,496$1,805$1,291$259
28 years$4,368$3,210$2,320$1,653$1,165$217
29 years$4,172$3,029$2,159$1,516$1,052$182
30 years$3,990$2,860$2,011$1,392$950$153
31 years$3,819$2,704$1,875$1,278$859$128
32 years$3,660$2,558$1,749$1,174$777$107
33 years$3,510$2,423$1,633$1,080$703$90
34 years$3,370$2,296$1,526$994$637$76
35 years$3,237$2,178$1,427$915$577$64
36 years$3,113$2,067$1,335$843$522$53
37 years$2,995$1,963$1,249$776$474$45
38 years$2,884$1,866$1,170$715$429$38
39 years$2,779$1,774$1,096$660$389$32
40 years$2,680$1,688$1,027$608$353$26
41 years$2,585$1,607$963$561$320$22
42 years$2,495$1,530$904$518$291$19
43 years$2,410$1,458$848$478$264$16
44 years$2,329$1,390$796$442$239$13
45 years$2,251$1,325$747$408$217$11
46 years$2,178$1,264$702$377$197$9
47 years$2,107$1,207$660$348$179$8
48 years$2,040$1,152$620$322$163$7
49 years$1,975$1,100$583$297$148$5
50 years$1,914$1,051$548$275$134$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,960,000, adding $2,194 every year, while hoping to spend $49,621 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: 41/46/13 Blend
71$1,960,000$1,960,000$1,960,000$1,960,000
72$2,162,183$2,058,303$2,027,923$2,242,437
73$2,329,929$2,106,364$2,043,062$2,347,237
74$2,513,123$2,155,116$2,057,045$2,455,525
75$2,713,286$2,204,542$2,069,781$2,571,642
76$2,932,097$2,254,620$2,081,175$2,696,322
77$3,171,401$2,305,327$2,091,124$2,830,375
78$3,433,232$2,356,635$2,099,525$2,974,692
79$3,719,827$2,408,516$2,106,264$3,130,255
80$4,033,652$2,460,935$2,111,226$3,298,146
81$4,377,420$2,513,857$2,114,288$3,479,557
82$4,754,122$2,567,241$2,115,322$3,675,804
83$5,167,048$2,621,042$2,114,191$3,888,332
84$5,619,825$2,675,211$2,110,754$4,118,739
85$6,116,446$2,729,695$2,104,864$4,368,782
86$6,661,310$2,784,436$2,096,363$4,640,401
87$7,259,260$2,839,371$2,085,088$4,935,731
88$7,915,635$2,894,429$2,070,868$5,257,128
89$8,636,311$2,949,538$2,053,524$5,607,188
90$9,427,765$3,004,615$2,032,867$5,988,772
91$10,297,129$3,059,574$2,008,700$6,405,034
92$11,252,262$3,114,318$1,980,817$6,859,453
93$12,301,820$3,168,748$1,949,002$7,355,860
94$13,455,341$3,222,752$1,913,029$7,898,482
95$14,723,332$3,276,212$1,872,661$8,491,978
96$16,117,367$3,329,002$1,827,650$9,141,483
97$17,650,199$3,380,984$1,777,738$9,852,658
98$19,335,880$3,432,013$1,722,652$10,631,745
99$21,189,889$3,481,930$1,662,111$11,485,625
100$23,229,282$3,530,569$1,595,816$12,421,882