Can I retire at age 72 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$186,629$184,966$183,344$181,761$180,216$174,937
2 years$92,390$90,670$89,002$87,385$85,817$80,542
3 years$60,982$59,254$57,590$55,989$54,446$49,340
4 years$45,281$43,558$41,911$40,337$38,831$33,933
5 years$35,862$34,150$32,525$30,982$29,519$24,841
6 years$29,585$27,886$26,285$24,777$23,357$18,905
7 years$25,104$23,419$21,843$20,370$18,996$14,769
8 years$21,744$20,074$18,524$17,088$15,759$11,755
9 years$19,132$17,478$15,955$14,555$13,271$9,486
10 years$17,044$15,406$13,910$12,547$11,308$7,736
11 years$15,337$13,715$12,246$10,920$9,725$6,360
12 years$13,915$12,310$10,868$9,578$8,427$5,264
13 years$12,713$11,125$9,710$8,456$7,349$4,379
14 years$11,683$10,112$8,724$7,506$6,442$3,658
15 years$10,792$9,237$7,877$6,694$5,672$3,067
16 years$10,013$8,475$7,142$5,994$5,013$2,578
17 years$9,326$7,805$6,499$5,385$4,445$2,172
18 years$8,716$7,212$5,932$4,853$3,952$1,834
19 years$8,171$6,684$5,431$4,385$3,523$1,551
20 years$7,681$6,211$4,984$3,972$3,146$1,313
21 years$7,238$5,786$4,584$3,605$2,816$1,114
22 years$6,836$5,401$4,225$3,278$2,524$945
23 years$6,470$5,051$3,901$2,985$2,266$803
24 years$6,135$4,733$3,608$2,722$2,036$682
25 years$5,827$4,441$3,342$2,486$1,832$580
26 years$5,543$4,174$3,099$2,273$1,651$494
27 years$5,280$3,928$2,878$2,081$1,488$420
28 years$5,037$3,702$2,675$1,906$1,343$358
29 years$4,811$3,492$2,490$1,748$1,213$305
30 years$4,600$3,298$2,319$1,604$1,096$260
31 years$4,404$3,118$2,162$1,474$991$221
32 years$4,220$2,950$2,017$1,354$896$189
33 years$4,047$2,794$1,883$1,245$811$161
34 years$3,885$2,648$1,760$1,146$734$137
35 years$3,733$2,511$1,645$1,055$665$117
36 years$3,589$2,384$1,539$971$602$100
37 years$3,454$2,264$1,441$895$546$85
38 years$3,326$2,152$1,349$825$495$72
39 years$3,205$2,046$1,264$761$449$62
40 years$3,090$1,946$1,185$702$407$53
41 years$2,981$1,853$1,111$647$369$45
42 years$2,877$1,765$1,042$597$335$38
43 years$2,779$1,681$978$551$304$33
44 years$2,685$1,603$918$509$276$28
45 years$2,596$1,528$862$470$251$24
46 years$2,511$1,458$809$434$228$20
47 years$2,430$1,391$760$401$207$17
48 years$2,352$1,328$715$371$188$15
49 years$2,278$1,268$672$343$170$13
50 years$2,207$1,212$631$317$155$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,260,000, adding $5,180 every year, while hoping to spend $21,904 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: 56/34/10 Blend
71$2,260,000$2,260,000$2,260,000$2,260,000
72$2,495,863$2,376,083$2,341,053$2,629,237
73$2,727,136$2,469,206$2,396,173$2,813,079
74$2,981,264$2,566,157$2,452,405$3,010,353
75$3,260,555$2,667,101$2,509,763$3,224,699
76$3,567,554$2,772,211$2,568,262$3,457,748
77$3,905,060$2,881,666$2,627,915$3,711,296
78$4,276,162$2,995,652$2,688,735$3,987,314
79$4,684,258$3,114,367$2,750,736$4,287,973
80$5,133,096$3,238,014$2,813,929$4,615,659
81$5,626,803$3,366,809$2,878,327$4,972,997
82$6,169,927$3,500,973$2,943,941$5,362,875
83$6,767,480$3,640,740$3,010,783$5,788,469
84$7,424,981$3,786,355$3,078,863$6,253,275
85$8,148,516$3,938,073$3,148,191$6,761,139
86$8,944,786$4,096,160$3,218,777$7,316,293
87$9,821,176$4,260,894$3,290,628$7,923,396
88$10,785,825$4,432,567$3,363,754$8,587,574
89$11,847,700$4,611,483$3,438,160$9,314,470
90$13,016,679$4,797,960$3,513,852$10,110,296
91$14,303,651$4,992,331$3,590,837$10,981,889
92$15,720,611$5,194,943$3,669,118$11,936,776
93$17,280,778$5,406,159$3,748,697$12,983,245
94$18,998,717$5,626,360$3,829,578$14,130,420
95$20,890,477$5,855,943$3,911,760$15,388,348
96$22,973,744$6,095,323$3,995,242$16,768,091
97$25,268,006$6,344,934$4,080,024$18,281,831
98$27,794,738$6,605,231$4,166,099$19,942,980
99$30,577,602$6,876,688$4,253,465$21,766,311
100$33,642,675$7,159,803$4,342,113$23,768,093