Can I retire at age 72 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$178,371$176,782$175,232$173,719$172,241$168,902
2 years$88,302$86,658$85,064$83,519$82,020$78,669
3 years$58,283$56,632$55,042$53,511$52,037$48,779
4 years$43,277$41,630$40,057$38,552$37,113$33,973
5 years$34,275$32,639$31,085$29,611$28,213$25,200
6 years$28,276$26,652$25,122$23,681$22,324$19,442
7 years$23,993$22,382$20,876$19,469$18,155$15,404
8 years$20,782$19,186$17,705$16,332$15,061$12,441
9 years$18,286$16,705$15,249$13,911$12,684$10,192
10 years$16,290$14,724$13,294$11,992$10,807$8,442
11 years$14,658$13,108$11,704$10,436$9,295$7,052
12 years$13,299$11,765$10,387$9,154$8,055$5,933
13 years$12,150$10,632$9,280$8,082$7,024$5,019
14 years$11,166$9,664$8,338$7,174$6,157$4,265
15 years$10,314$8,829$7,528$6,398$5,421$3,638
16 years$9,570$8,100$6,826$5,729$4,791$3,113
17 years$8,913$7,460$6,211$5,147$4,248$2,672
18 years$8,330$6,893$5,670$4,639$3,777$2,297
19 years$7,809$6,389$5,191$4,191$3,367$1,980
20 years$7,341$5,937$4,764$3,796$3,007$1,708
21 years$6,918$5,530$4,382$3,445$2,691$1,476
22 years$6,534$5,162$4,038$3,133$2,412$1,277
23 years$6,184$4,828$3,729$2,853$2,165$1,106
24 years$5,863$4,523$3,448$2,602$1,946$959
25 years$5,569$4,245$3,194$2,376$1,751$832
26 years$5,297$3,990$2,962$2,173$1,578$722
27 years$5,047$3,755$2,751$1,989$1,422$627
28 years$4,814$3,538$2,557$1,822$1,283$545
29 years$4,598$3,338$2,380$1,671$1,159$474
30 years$4,397$3,152$2,216$1,533$1,047$412
31 years$4,209$2,980$2,066$1,408$947$359
32 years$4,033$2,819$1,928$1,294$856$312
33 years$3,868$2,670$1,800$1,190$775$272
34 years$3,713$2,531$1,682$1,095$702$237
35 years$3,568$2,400$1,573$1,008$636$206
36 years$3,431$2,278$1,471$928$576$179
37 years$3,301$2,164$1,377$855$522$156
38 years$3,179$2,056$1,289$788$473$136
39 years$3,063$1,955$1,208$727$429$119
40 years$2,953$1,860$1,132$671$389$103
41 years$2,849$1,771$1,062$619$353$90
42 years$2,750$1,687$996$571$320$78
43 years$2,656$1,607$935$527$291$68
44 years$2,566$1,532$877$487$264$60
45 years$2,481$1,461$824$449$240$52
46 years$2,400$1,393$774$415$218$45
47 years$2,322$1,330$727$384$198$39
48 years$2,248$1,269$683$354$179$34
49 years$2,177$1,212$642$328$163$30
50 years$2,109$1,158$604$303$148$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,160,000, adding $3,904 every year, while hoping to spend $25,143 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: 42/33/25 Blend
71$2,160,000$2,160,000$2,160,000$2,160,000
72$2,384,347$2,269,867$2,236,387$2,466,886
73$2,600,798$2,354,339$2,284,554$2,610,829
74$2,838,485$2,442,106$2,333,492$2,763,924
75$3,099,547$2,533,306$2,383,200$2,929,226
76$3,386,340$2,628,077$2,433,677$3,107,875
77$3,701,461$2,726,568$2,484,920$3,301,122
78$4,047,771$2,828,930$2,536,925$3,510,344
79$4,428,420$2,935,324$2,589,689$3,737,054
80$4,846,881$3,045,917$2,643,205$3,982,913
81$5,306,977$3,160,881$2,697,467$4,249,752
82$5,812,924$3,280,399$2,752,466$4,539,581
83$6,369,363$3,404,659$2,808,195$4,854,612
84$6,981,409$3,533,859$2,864,641$5,197,278
85$7,654,699$3,668,204$2,921,792$5,570,257
86$8,395,442$3,807,910$2,979,636$5,976,492
87$9,210,479$3,953,200$3,038,156$6,419,224
88$10,107,350$4,104,308$3,097,336$6,902,019
89$11,094,359$4,261,479$3,157,156$7,428,800
90$12,180,659$4,424,967$3,217,597$8,003,888
91$13,376,334$4,595,038$3,278,634$8,632,034
92$14,692,495$4,771,970$3,340,243$9,318,472
93$16,141,386$4,956,053$3,402,398$10,068,962
94$17,736,496$5,147,589$3,465,067$10,889,845
95$19,492,692$5,346,893$3,528,220$11,788,102
96$21,426,352$5,554,297$3,591,820$12,771,419
97$23,555,526$5,770,143$3,655,832$13,848,260
98$25,900,101$5,994,792$3,720,215$15,027,945
99$28,481,994$6,228,619$3,784,924$16,320,735
100$31,325,352$6,472,016$3,849,914$17,737,930