Can I retire at age 72 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$189,932$188,240$186,589$184,978$183,405$176,477
2 years$94,026$92,275$90,577$88,932$87,336$80,436
3 years$62,061$60,302$58,610$56,980$55,409$48,755
4 years$46,082$44,329$42,653$41,051$39,518$33,161
5 years$36,497$34,754$33,100$31,531$30,041$23,996
6 years$30,109$28,379$26,750$25,215$23,771$18,043
7 years$25,548$23,833$22,229$20,731$19,332$13,919
8 years$22,129$20,429$18,852$17,391$16,038$10,935
9 years$19,471$17,787$16,237$14,813$13,506$8,707
10 years$17,346$15,679$14,156$12,769$11,508$7,003
11 years$15,608$13,958$12,463$11,113$9,897$5,676
12 years$14,161$12,528$11,060$9,747$8,577$4,629
13 years$12,938$11,321$9,882$8,606$7,479$3,794
14 years$11,890$10,291$8,879$7,639$6,556$3,121
15 years$10,983$9,401$8,016$6,813$5,772$2,576
16 years$10,190$8,625$7,268$6,100$5,102$2,131
17 years$9,491$7,943$6,614$5,481$4,524$1,767
18 years$8,870$7,340$6,037$4,939$4,022$1,468
19 years$8,316$6,803$5,527$4,463$3,585$1,221
20 years$7,817$6,321$5,072$4,042$3,202$1,017
21 years$7,366$5,888$4,666$3,669$2,866$847
22 years$6,957$5,496$4,300$3,336$2,569$707
23 years$6,585$5,141$3,970$3,038$2,306$590
24 years$6,243$4,816$3,672$2,771$2,072$493
25 years$5,930$4,520$3,401$2,530$1,865$412
26 years$5,641$4,248$3,154$2,314$1,680$344
27 years$5,374$3,998$2,929$2,118$1,514$288
28 years$5,126$3,767$2,723$1,940$1,367$241
29 years$4,896$3,554$2,534$1,779$1,234$201
30 years$4,682$3,356$2,360$1,633$1,115$168
31 years$4,482$3,173$2,200$1,500$1,008$141
32 years$4,294$3,002$2,053$1,378$912$118
33 years$4,119$2,843$1,917$1,267$825$99
34 years$3,954$2,695$1,791$1,166$747$83
35 years$3,799$2,556$1,674$1,073$677$69
36 years$3,653$2,426$1,566$989$613$58
37 years$3,515$2,304$1,466$911$556$49
38 years$3,385$2,190$1,373$840$504$41
39 years$3,261$2,082$1,286$774$457$34
40 years$3,144$1,981$1,206$714$414$28
41 years$3,034$1,886$1,131$659$376$24
42 years$2,928$1,796$1,060$608$341$20
43 years$2,828$1,711$995$561$310$17
44 years$2,733$1,631$934$518$281$14
45 years$2,642$1,555$877$479$255$12
46 years$2,555$1,484$824$442$232$10
47 years$2,473$1,416$774$408$210$8
48 years$2,393$1,352$727$377$191$7
49 years$2,318$1,291$684$349$173$6
50 years$2,246$1,233$643$322$158$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,300,000, adding $4,025 every year, while hoping to spend $23,521 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: 57/31/12 Blend
71$2,300,000$2,300,000$2,300,000$2,300,000
72$2,538,752$2,416,852$2,381,202$2,675,623
73$2,772,678$2,510,251$2,435,946$2,861,981
74$3,029,677$2,607,439$2,491,736$3,061,996
75$3,312,076$2,708,576$2,548,581$3,279,384
76$3,622,442$2,813,830$2,606,492$3,515,812
77$3,963,599$2,923,376$2,665,478$3,773,112
78$4,338,662$3,037,397$2,725,547$4,053,301
79$4,751,061$3,156,085$2,786,709$4,358,598
80$5,204,575$3,279,639$2,848,969$4,691,442
81$5,703,368$3,408,268$2,912,336$5,054,517
82$6,252,028$3,542,189$2,976,815$5,450,777
83$6,855,609$3,681,630$3,042,413$5,883,471
84$7,519,680$3,826,829$3,109,132$6,356,176
85$8,250,377$3,978,034$3,176,978$6,872,826
86$9,054,462$4,135,504$3,245,954$7,437,755
87$9,939,384$4,299,510$3,316,060$8,055,728
88$10,913,351$4,470,336$3,387,297$8,731,995
89$11,985,407$4,648,276$3,459,666$9,472,334
90$13,165,518$4,833,641$3,533,164$10,283,103
91$14,464,664$5,026,754$3,607,789$11,171,305
92$15,894,946$5,227,951$3,683,536$12,144,651
93$17,469,696$5,437,585$3,760,400$13,211,627
94$19,203,604$5,656,026$3,838,372$14,381,583
95$21,112,859$5,883,659$3,917,445$15,664,810
96$23,215,298$6,120,886$3,997,607$17,072,642
97$25,530,577$6,368,128$4,078,846$18,617,562
98$28,080,355$6,625,825$4,161,146$20,313,315
99$30,888,499$6,894,439$4,244,492$22,175,042
100$33,981,308$7,174,448$4,328,865$24,219,416