Can I retire at age 72 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$191,583$189,877$188,212$186,587$185,000$179,799
2 years$94,843$93,077$91,365$89,705$88,095$82,895
3 years$62,601$60,827$59,119$57,475$55,891$50,854
4 years$46,483$44,714$43,024$41,408$39,862$35,028
5 years$36,814$35,056$33,388$31,805$30,303$25,684
6 years$30,371$28,626$26,983$25,435$23,977$19,578
7 years$25,770$24,040$22,423$20,911$19,500$15,321
8 years$22,321$20,607$19,016$17,542$16,177$12,215
9 years$19,640$17,942$16,379$14,942$13,624$9,876
10 years$17,497$15,815$14,279$12,880$11,608$8,069
11 years$15,744$14,079$12,571$11,209$9,983$6,647
12 years$14,284$12,637$11,157$9,832$8,651$5,512
13 years$13,050$11,420$9,968$8,680$7,544$4,594
14 years$11,994$10,380$8,956$7,705$6,613$3,846
15 years$11,078$9,483$8,086$6,872$5,823$3,231
16 years$10,278$8,700$7,331$6,153$5,146$2,722
17 years$9,573$8,013$6,671$5,528$4,563$2,299
18 years$8,947$7,404$6,090$4,982$4,057$1,945
19 years$8,388$6,862$5,575$4,502$3,616$1,649
20 years$7,885$6,376$5,116$4,077$3,230$1,399
21 years$7,431$5,939$4,706$3,700$2,891$1,189
22 years$7,018$5,544$4,337$3,365$2,591$1,012
23 years$6,642$5,185$4,005$3,064$2,326$861
24 years$6,298$4,858$3,704$2,795$2,090$734
25 years$5,981$4,559$3,430$2,552$1,881$625
26 years$5,690$4,285$3,182$2,334$1,694$533
27 years$5,420$4,033$2,954$2,136$1,528$455
28 years$5,171$3,800$2,746$1,957$1,378$388
29 years$4,939$3,585$2,556$1,795$1,245$332
30 years$4,723$3,386$2,381$1,647$1,125$283
31 years$4,521$3,200$2,219$1,513$1,017$242
32 years$4,332$3,028$2,071$1,390$920$207
33 years$4,155$2,868$1,933$1,278$832$177
34 years$3,989$2,718$1,807$1,176$754$151
35 years$3,832$2,578$1,689$1,083$683$129
36 years$3,685$2,447$1,580$997$618$110
37 years$3,546$2,324$1,479$919$561$94
38 years$3,414$2,209$1,385$847$508$81
39 years$3,290$2,100$1,297$781$461$69
40 years$3,172$1,998$1,216$720$418$59
41 years$3,060$1,902$1,140$665$379$50
42 years$2,954$1,811$1,070$613$344$43
43 years$2,853$1,726$1,004$566$312$37
44 years$2,756$1,645$942$523$283$32
45 years$2,665$1,569$885$483$257$27
46 years$2,577$1,497$831$446$234$23
47 years$2,494$1,428$781$412$212$20
48 years$2,414$1,363$734$381$193$17
49 years$2,338$1,302$690$352$175$14
50 years$2,265$1,244$648$325$159$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,320,000, adding $4,221 every year, while hoping to spend $35,116 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: 27/47/26 Blend
71$2,320,000$2,320,000$2,320,000$2,320,000
72$2,560,994$2,438,034$2,402,074$2,609,225
73$2,784,852$2,520,134$2,445,180$2,730,366
74$3,030,367$2,605,081$2,488,554$2,857,022
75$3,299,710$2,692,976$2,532,166$2,992,289
76$3,595,274$2,783,925$2,575,987$3,136,921
77$3,919,694$2,878,040$2,619,985$3,291,749
78$4,275,873$2,975,433$2,664,124$3,457,684
79$4,667,007$3,076,224$2,708,367$3,635,725
80$5,096,619$3,180,537$2,752,675$3,826,972
81$5,568,590$3,288,499$2,797,005$4,032,628
82$6,087,193$3,400,242$2,841,312$4,254,021
83$6,657,137$3,515,905$2,885,546$4,492,607
84$7,283,611$3,635,630$2,929,658$4,749,984
85$7,972,330$3,759,567$2,973,593$5,027,914
86$8,729,591$3,887,868$3,017,291$5,328,329
87$9,562,331$4,020,696$3,060,692$5,653,357
88$10,478,194$4,158,215$3,103,730$6,005,336
89$11,485,600$4,300,598$3,146,335$6,386,839
90$12,593,829$4,448,025$3,188,435$6,800,694
91$13,813,103$4,600,681$3,229,951$7,250,016
92$15,154,686$4,758,761$3,270,801$7,738,227
93$16,630,989$4,922,466$3,310,898$8,269,098
94$18,255,687$5,092,003$3,350,150$8,846,774
95$20,043,846$5,267,591$3,388,459$9,475,821
96$22,012,069$5,449,453$3,425,723$10,161,261
97$24,178,649$5,637,825$3,461,834$10,908,624
98$26,563,742$5,832,950$3,496,677$11,723,997
99$29,189,560$6,035,080$3,530,131$12,614,080
100$32,080,575$6,244,479$3,562,070$13,586,251