Can I retire at age 72 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$184,977$183,329$181,722$180,153$178,621$175,734
2 years$91,573$89,867$88,215$86,612$85,057$82,157
3 years$60,442$58,729$57,081$55,493$53,964$51,140
4 years$44,880$43,172$41,540$39,980$38,488$35,762
5 years$35,545$33,848$32,237$30,708$29,258$26,638
6 years$29,324$27,639$26,052$24,558$23,151$20,641
7 years$24,882$23,211$21,649$20,190$18,828$16,428
8 years$21,552$19,896$18,360$16,937$15,619$13,329
9 years$18,963$17,323$15,814$14,427$13,154$10,972
10 years$16,893$15,270$13,787$12,436$11,208$9,132
11 years$15,201$13,594$12,138$10,823$9,639$7,668
12 years$13,792$12,201$10,772$9,493$8,353$6,484
13 years$12,600$11,026$9,624$8,381$7,284$5,514
14 years$11,580$10,022$8,647$7,440$6,385$4,711
15 years$10,696$9,156$7,807$6,635$5,622$4,041
16 years$9,924$8,400$7,078$5,941$4,969$3,478
17 years$9,243$7,736$6,441$5,338$4,406$3,001
18 years$8,639$7,149$5,880$4,810$3,917$2,596
19 years$8,099$6,625$5,383$4,347$3,491$2,250
20 years$7,613$6,157$4,940$3,937$3,119$1,953
21 years$7,174$5,735$4,544$3,573$2,791$1,699
22 years$6,776$5,353$4,188$3,249$2,502$1,479
23 years$6,413$5,007$3,867$2,959$2,246$1,289
24 years$6,080$4,691$3,576$2,698$2,018$1,124
25 years$5,775$4,402$3,312$2,464$1,816$981
26 years$5,494$4,137$3,072$2,253$1,636$858
27 years$5,234$3,894$2,853$2,062$1,475$750
28 years$4,992$3,669$2,652$1,890$1,331$656
29 years$4,768$3,461$2,468$1,733$1,202$574
30 years$4,560$3,269$2,299$1,590$1,086$502
31 years$4,365$3,090$2,143$1,461$982$440
32 years$4,182$2,924$1,999$1,342$888$385
33 years$4,012$2,769$1,867$1,234$804$338
34 years$3,851$2,624$1,744$1,136$728$296
35 years$3,700$2,489$1,631$1,045$659$259
36 years$3,558$2,363$1,526$963$597$228
37 years$3,423$2,244$1,428$887$541$200
38 years$3,296$2,132$1,337$818$491$175
39 years$3,176$2,028$1,253$754$445$154
40 years$3,062$1,929$1,174$695$404$135
41 years$2,954$1,836$1,101$642$366$118
42 years$2,852$1,749$1,033$592$332$104
43 years$2,754$1,666$969$547$302$91
44 years$2,661$1,588$910$505$274$80
45 years$2,573$1,515$854$466$248$70
46 years$2,489$1,445$802$431$226$61
47 years$2,408$1,379$754$398$205$54
48 years$2,331$1,316$708$368$186$47
49 years$2,257$1,257$666$340$169$42
50 years$2,187$1,201$626$314$153$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,240,000, adding $4,504 every year, while hoping to spend $22,110 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: 52/18/30 Blend
71$2,240,000$2,240,000$2,240,000$2,240,000
72$2,473,126$2,354,406$2,319,686$2,580,643
73$2,701,860$2,446,247$2,373,870$2,747,884
74$2,953,184$2,541,847$2,429,129$2,927,140
75$3,229,378$2,641,367$2,485,475$3,121,727
76$3,532,956$2,744,976$2,542,919$3,333,120
77$3,866,685$2,852,847$2,601,475$3,562,943
78$4,233,616$2,965,166$2,661,154$3,812,980
79$4,637,109$3,082,123$2,721,966$4,085,199
80$5,080,865$3,203,918$2,783,923$4,381,760
81$5,568,964$3,330,760$2,847,035$4,705,045
82$6,105,899$3,462,868$2,911,311$5,057,672
83$6,696,622$3,600,470$2,976,761$5,442,525
84$7,346,588$3,743,804$3,043,394$5,862,777
85$8,061,808$3,893,118$3,111,216$6,321,924
86$8,848,906$4,048,674$3,180,234$6,823,811
87$9,715,178$4,210,743$3,250,456$7,372,674
88$10,668,667$4,379,610$3,321,887$7,973,175
89$11,718,231$4,555,571$3,394,530$8,630,451
90$12,873,633$4,738,937$3,468,390$9,350,153
91$14,145,631$4,930,033$3,543,469$10,138,510
92$15,546,078$5,129,197$3,619,767$11,002,378
93$17,088,035$5,336,784$3,697,286$11,949,308
94$18,785,893$5,553,165$3,776,024$12,987,618
95$20,655,512$5,778,728$3,855,978$14,126,467
96$22,714,365$6,013,877$3,937,145$15,375,944
97$24,981,710$6,259,036$4,019,518$16,747,163
98$27,478,763$6,514,648$4,103,091$18,252,363
99$30,228,907$6,781,176$4,187,855$19,905,028
100$33,257,906$7,059,104$4,273,799$21,720,010