Can I retire at age 72 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$172,590$171,053$169,553$168,089$166,660$165,818
2 years$85,441$83,849$82,307$80,812$79,362$78,512
3 years$56,395$54,797$53,258$51,777$50,350$49,519
4 years$41,874$40,281$38,758$37,302$35,910$35,104
5 years$33,165$31,581$30,078$28,652$27,298$26,520
6 years$27,360$25,788$24,308$22,913$21,600$20,850
7 years$23,215$21,657$20,200$18,838$17,567$16,845
8 years$20,108$18,564$17,131$15,803$14,573$13,880
9 years$17,693$16,163$14,755$13,461$12,273$11,609
10 years$15,762$14,247$12,864$11,603$10,457$9,821
11 years$14,183$12,683$11,325$10,098$8,993$8,385
12 years$12,868$11,384$10,051$8,857$7,794$7,213
13 years$11,757$10,288$8,980$7,820$6,796$6,242
14 years$10,804$9,351$8,068$6,942$5,957$5,430
15 years$9,980$8,543$7,284$6,191$5,245$4,743
16 years$9,259$7,838$6,604$5,543$4,636$4,158
17 years$8,624$7,218$6,010$4,980$4,111$3,657
18 years$8,060$6,670$5,486$4,488$3,655$3,225
19 years$7,556$6,182$5,022$4,056$3,258$2,850
20 years$7,103$5,744$4,609$3,673$2,910$2,524
21 years$6,694$5,351$4,240$3,334$2,604$2,239
22 years$6,322$4,995$3,907$3,031$2,334$1,989
23 years$5,983$4,671$3,608$2,760$2,095$1,770
24 years$5,673$4,377$3,337$2,518$1,883$1,577
25 years$5,388$4,107$3,090$2,299$1,695$1,406
26 years$5,126$3,860$2,866$2,102$1,526$1,255
27 years$4,883$3,633$2,662$1,924$1,376$1,121
28 years$4,658$3,423$2,474$1,763$1,242$1,002
29 years$4,449$3,229$2,302$1,617$1,121$896
30 years$4,254$3,050$2,145$1,484$1,013$802
31 years$4,072$2,883$1,999$1,363$916$718
32 years$3,902$2,728$1,865$1,252$829$643
33 years$3,743$2,584$1,742$1,152$750$576
34 years$3,593$2,449$1,627$1,060$679$517
35 years$3,452$2,322$1,522$975$615$463
36 years$3,319$2,204$1,423$898$557$416
37 years$3,194$2,094$1,332$828$505$373
38 years$3,076$1,990$1,248$763$458$335
39 years$2,964$1,892$1,169$703$415$300
40 years$2,857$1,800$1,096$649$377$270
41 years$2,757$1,714$1,027$599$342$242
42 years$2,661$1,632$964$552$310$218
43 years$2,570$1,555$904$510$281$195
44 years$2,483$1,482$849$471$255$176
45 years$2,401$1,413$797$435$232$158
46 years$2,322$1,348$749$402$210$142
47 years$2,247$1,287$703$371$191$127
48 years$2,175$1,228$661$343$174$114
49 years$2,106$1,173$621$317$158$103
50 years$2,041$1,120$584$293$143$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,090,000, adding $6,327 every year, while hoping to spend $32,958 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: 77/15/8 Blend
71$2,090,000$2,090,000$2,090,000$2,090,000
72$2,309,706$2,198,936$2,166,541$2,484,432
73$2,510,229$2,271,617$2,204,053$2,672,806
74$2,730,101$2,346,755$2,241,717$2,874,411
75$2,971,260$2,424,435$2,279,504$3,094,492
76$3,235,842$2,504,746$2,317,381$3,334,873
77$3,526,200$2,587,779$2,355,315$3,597,562
78$3,844,923$2,673,631$2,393,268$3,884,769
79$4,194,866$2,762,400$2,431,204$4,198,928
80$4,579,172$2,854,188$2,469,079$4,542,720
81$5,001,306$2,949,101$2,506,852$4,919,096
82$5,465,081$3,047,249$2,544,473$5,331,308
83$5,974,702$3,148,747$2,581,895$5,782,935
84$6,534,797$3,253,711$2,619,064$6,277,921
85$7,150,468$3,362,265$2,655,925$6,820,609
86$7,827,335$3,474,535$2,692,418$7,415,783
87$8,571,590$3,590,654$2,728,480$8,068,711
88$9,390,053$3,710,757$2,764,045$8,785,200
89$10,290,240$3,834,986$2,799,043$9,571,642
90$11,280,433$3,963,488$2,833,398$10,435,081
91$12,369,753$4,096,415$2,867,033$11,383,275
92$13,568,254$4,233,925$2,899,865$12,424,774
93$14,887,010$4,376,182$2,931,805$13,568,993
94$16,338,226$4,523,355$2,962,761$14,826,306
95$17,935,346$4,675,622$2,992,635$16,208,144
96$19,693,188$4,833,163$3,021,325$17,727,098
97$21,628,076$4,996,171$3,048,721$19,397,041
98$23,757,996$5,164,840$3,074,711$21,233,259
99$26,102,771$5,339,376$3,099,172$23,252,592
100$28,684,238$5,519,990$3,121,979$25,473,594