Can I retire at age 72 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$164,332$162,869$161,440$160,046$158,685$157,159
2 years$81,353$79,838$78,369$76,945$75,564$74,027
3 years$53,696$52,175$50,710$49,300$47,941$46,440
4 years$39,871$38,354$36,904$35,518$34,192$32,739
5 years$31,578$30,070$28,639$27,281$25,992$24,591
6 years$26,051$24,554$23,145$21,817$20,567$19,220
7 years$22,105$20,621$19,233$17,937$16,726$15,434
8 years$19,146$17,676$16,311$15,047$13,876$12,638
9 years$16,847$15,390$14,049$12,816$11,686$10,502
10 years$15,008$13,565$12,248$11,048$9,957$8,827
11 years$13,504$12,077$10,783$9,615$8,563$7,485
12 years$12,253$10,839$9,570$8,434$7,421$6,394
13 years$11,194$9,796$8,550$7,446$6,471$5,495
14 years$10,288$8,904$7,682$6,609$5,672$4,745
15 years$9,503$8,134$6,936$5,894$4,994$4,115
16 years$8,816$7,463$6,288$5,278$4,414$3,581
17 years$8,212$6,873$5,722$4,742$3,914$3,125
18 years$7,675$6,351$5,224$4,274$3,480$2,734
19 years$7,195$5,886$4,782$3,862$3,102$2,398
20 years$6,763$5,469$4,389$3,497$2,771$2,107
21 years$6,374$5,095$4,037$3,174$2,479$1,854
22 years$6,020$4,756$3,720$2,886$2,222$1,634
23 years$5,697$4,448$3,435$2,628$1,995$1,441
24 years$5,402$4,167$3,177$2,397$1,793$1,273
25 years$5,131$3,911$2,943$2,189$1,614$1,125
26 years$4,881$3,676$2,729$2,002$1,453$996
27 years$4,649$3,459$2,534$1,832$1,310$882
28 years$4,435$3,259$2,356$1,679$1,182$781
29 years$4,236$3,075$2,192$1,539$1,068$693
30 years$4,051$2,904$2,042$1,413$965$614
31 years$3,878$2,745$1,904$1,298$872$545
32 years$3,716$2,598$1,776$1,192$789$484
33 years$3,564$2,460$1,658$1,097$714$430
34 years$3,421$2,331$1,550$1,009$646$382
35 years$3,287$2,211$1,449$929$586$339
36 years$3,161$2,099$1,355$855$530$302
37 years$3,041$1,993$1,269$788$481$268
38 years$2,928$1,894$1,188$726$436$238
39 years$2,822$1,801$1,113$670$395$212
40 years$2,721$1,714$1,043$618$359$188
41 years$2,625$1,632$978$570$325$168
42 years$2,534$1,554$918$526$295$149
43 years$2,447$1,480$861$486$268$133
44 years$2,364$1,411$808$448$243$118
45 years$2,286$1,346$759$414$221$105
46 years$2,211$1,284$713$382$200$94
47 years$2,139$1,225$670$353$182$83
48 years$2,071$1,170$629$327$165$74
49 years$2,006$1,117$591$302$150$66
50 years$1,943$1,067$556$279$136$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $1,990,000, adding $6,293 every year, while hoping to spend $30,821 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: 58/27/15 Blend
71$1,990,000$1,990,000$1,990,000$1,990,000
72$2,199,471$2,094,001$2,063,156$2,318,236
73$2,391,024$2,163,814$2,099,479$2,469,114
74$2,601,082$2,236,015$2,135,985$2,629,564
75$2,831,501$2,310,687$2,172,649$2,803,754
76$3,084,323$2,387,920$2,209,441$2,993,011
77$3,361,799$2,467,804$2,246,333$3,198,795
78$3,666,409$2,550,432$2,283,291$3,422,712
79$4,000,882$2,635,903$2,320,281$3,666,530
80$4,368,227$2,724,318$2,357,266$3,932,194
81$4,771,759$2,815,781$2,394,206$4,221,846
82$5,215,126$2,910,402$2,431,060$4,537,844
83$5,702,351$3,008,295$2,467,783$4,882,784
84$6,237,865$3,109,575$2,504,328$5,259,523
85$6,826,548$3,214,365$2,540,644$5,671,208
86$7,473,778$3,322,791$2,576,678$6,121,303
87$8,185,480$3,434,984$2,612,373$6,613,624
88$8,968,180$3,551,080$2,647,669$7,152,372
89$9,829,072$3,671,220$2,682,502$7,742,174
90$10,776,077$3,795,549$2,716,806$8,388,125
91$11,817,927$3,924,221$2,750,509$9,095,837
92$12,964,240$4,057,393$2,783,536$9,871,493
93$14,225,615$4,195,227$2,815,807$10,721,899
94$15,613,729$4,337,895$2,847,238$11,654,555
95$17,141,450$4,485,572$2,877,741$12,677,722
96$18,822,954$4,638,442$2,907,222$13,800,498
97$20,673,864$4,796,694$2,935,582$15,032,908
98$22,711,393$4,960,526$2,962,718$16,385,991
99$24,954,506$5,130,143$2,988,520$17,871,914
100$27,424,103$5,305,758$3,012,873$19,504,075