Can I retire at age 72 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$174,242$172,690$171,176$169,698$168,254$162,608
2 years$86,258$84,652$83,095$81,585$80,121$74,488
3 years$56,934$55,321$53,768$52,273$50,832$45,390
4 years$42,275$40,667$39,129$37,659$36,254$31,043
5 years$33,482$31,883$30,366$28,926$27,560$22,595
6 years$27,622$26,035$24,540$23,132$21,807$17,092
7 years$23,438$21,864$20,393$19,018$17,735$13,269
8 years$20,301$18,742$17,295$15,954$14,713$10,493
9 years$17,862$16,318$14,896$13,589$12,390$8,411
10 years$15,913$14,383$12,987$11,714$10,557$6,812
11 years$14,319$12,805$11,433$10,195$9,080$5,561
12 years$12,991$11,493$10,147$8,942$7,868$4,569
13 years$11,869$10,386$9,065$7,895$6,861$3,773
14 years$10,908$9,441$8,145$7,008$6,014$3,128
15 years$10,076$8,624$7,354$6,250$5,296$2,601
16 years$9,348$7,913$6,668$5,596$4,680$2,170
17 years$8,707$7,287$6,067$5,028$4,150$1,814
18 years$8,137$6,734$5,539$4,531$3,690$1,519
19 years$7,629$6,241$5,070$4,094$3,289$1,274
20 years$7,171$5,799$4,653$3,708$2,938$1,070
21 years$6,758$5,402$4,280$3,365$2,629$899
22 years$6,383$5,042$3,945$3,060$2,356$757
23 years$6,041$4,716$3,642$2,787$2,115$637
24 years$5,728$4,419$3,369$2,542$1,901$537
25 years$5,440$4,147$3,120$2,321$1,711$452
26 years$5,175$3,897$2,894$2,122$1,541$382
27 years$4,930$3,668$2,687$1,943$1,389$322
28 years$4,703$3,456$2,498$1,780$1,254$272
29 years$4,492$3,260$2,324$1,632$1,132$229
30 years$4,295$3,079$2,165$1,498$1,023$194
31 years$4,111$2,911$2,019$1,376$925$163
32 years$3,940$2,754$1,883$1,264$837$138
33 years$3,779$2,608$1,758$1,163$757$117
34 years$3,627$2,472$1,643$1,070$685$99
35 years$3,485$2,345$1,536$985$621$83
36 years$3,351$2,225$1,437$907$562$70
37 years$3,225$2,114$1,345$836$510$59
38 years$3,105$2,009$1,260$770$462$50
39 years$2,992$1,910$1,180$710$419$42
40 years$2,885$1,817$1,106$655$380$36
41 years$2,783$1,730$1,037$604$345$30
42 years$2,686$1,647$973$558$313$26
43 years$2,594$1,570$913$515$284$22
44 years$2,507$1,496$857$475$258$18
45 years$2,424$1,427$805$439$234$15
46 years$2,344$1,361$756$406$212$13
47 years$2,268$1,299$710$375$193$11
48 years$2,196$1,240$667$346$175$9
49 years$2,126$1,184$627$320$159$8
50 years$2,060$1,131$590$296$145$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,110,000, adding $6,199 every year, while hoping to spend $23,604 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: 38/43/19 Blend
71$2,110,000$2,110,000$2,110,000$2,110,000
72$2,331,614$2,219,784$2,187,079$2,406,707
73$2,544,324$2,303,439$2,235,232$2,545,057
74$2,777,940$2,390,402$2,284,207$2,691,782
75$3,034,568$2,480,810$2,334,006$2,849,861
76$3,316,531$2,574,807$2,384,632$3,020,331
77$3,626,385$2,672,541$2,436,085$3,204,332
78$3,966,950$2,774,168$2,488,367$3,403,113
79$4,341,327$2,879,851$2,541,476$3,618,048
80$4,752,939$2,989,760$2,595,412$3,850,645
81$5,205,552$3,104,071$2,650,171$4,102,562
82$5,703,318$3,222,970$2,705,752$4,375,619
83$6,250,809$3,346,649$2,762,148$4,671,818
84$6,853,067$3,475,310$2,819,354$4,993,359
85$7,515,641$3,609,162$2,877,365$5,342,660
86$8,244,651$3,748,425$2,936,171$5,722,381
87$9,046,836$3,893,328$2,995,763$6,135,446
88$9,929,622$4,044,110$3,056,130$6,585,069
89$10,901,193$4,201,021$3,117,259$7,074,789
90$11,970,564$4,364,321$3,179,137$7,608,495
91$13,147,671$4,534,282$3,241,748$8,190,468
92$14,443,461$4,711,189$3,305,073$8,825,417
93$15,869,994$4,895,338$3,369,094$9,518,522
94$17,440,564$5,087,039$3,433,789$10,275,486
95$19,169,814$5,286,617$3,499,133$11,102,582
96$21,073,882$5,494,408$3,565,101$12,006,715
97$23,170,551$5,710,767$3,631,665$12,995,487
98$25,479,415$5,936,062$3,698,794$14,077,263
99$28,022,065$6,170,679$3,766,453$15,261,251
100$30,822,293$6,415,020$3,834,607$16,557,590