Can I retire at age 72 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$194,887$193,151$191,457$189,804$188,190$185,531
2 years$96,479$94,682$92,940$91,252$89,614$86,940
3 years$63,680$61,876$60,139$58,466$56,855$54,249
4 years$47,284$45,485$43,765$42,121$40,549$38,032
5 years$37,449$35,661$33,964$32,353$30,825$28,404
6 years$30,895$29,120$27,448$25,873$24,391$22,068
7 years$26,215$24,455$22,809$21,272$19,836$17,613
8 years$22,706$20,962$19,344$17,844$16,456$14,332
9 years$19,979$18,251$16,661$15,199$13,858$11,832
10 years$17,798$16,088$14,525$13,102$11,808$9,879
11 years$16,015$14,322$12,788$11,403$10,155$8,321
12 years$14,531$12,855$11,349$10,002$8,800$7,058
13 years$13,275$11,617$10,140$8,830$7,674$6,022
14 years$12,200$10,559$9,110$7,838$6,727$5,163
15 years$11,269$9,646$8,226$6,990$5,923$4,444
16 years$10,456$8,850$7,458$6,259$5,235$3,838
17 years$9,738$8,151$6,786$5,624$4,642$3,323
18 years$9,102$7,532$6,195$5,068$4,127$2,885
19 years$8,532$6,980$5,671$4,580$3,679$2,510
20 years$8,021$6,486$5,205$4,148$3,286$2,187
21 years$7,559$6,042$4,787$3,764$2,940$1,909
22 years$7,139$5,640$4,412$3,423$2,636$1,668
23 years$6,756$5,275$4,074$3,117$2,366$1,459
24 years$6,406$4,942$3,768$2,843$2,127$1,278
25 years$6,084$4,638$3,490$2,596$1,914$1,120
26 years$5,788$4,359$3,236$2,374$1,724$983
27 years$5,514$4,102$3,005$2,173$1,554$863
28 years$5,260$3,866$2,794$1,991$1,402$758
29 years$5,024$3,647$2,600$1,826$1,266$666
30 years$4,804$3,444$2,422$1,675$1,144$585
31 years$4,599$3,256$2,258$1,539$1,034$515
32 years$4,407$3,080$2,106$1,414$936$453
33 years$4,226$2,917$1,967$1,300$847$398
34 years$4,057$2,765$1,838$1,197$767$351
35 years$3,898$2,622$1,718$1,101$694$309
36 years$3,748$2,489$1,607$1,014$629$272
37 years$3,607$2,364$1,504$935$570$239
38 years$3,473$2,247$1,409$862$517$211
39 years$3,346$2,136$1,320$794$469$186
40 years$3,226$2,033$1,237$733$425$164
41 years$3,113$1,935$1,160$676$386$144
42 years$3,005$1,843$1,088$624$350$127
43 years$2,902$1,756$1,021$576$318$112
44 years$2,804$1,674$958$532$288$99
45 years$2,711$1,596$900$491$262$87
46 years$2,622$1,522$845$454$238$77
47 years$2,537$1,453$794$419$216$68
48 years$2,456$1,387$746$387$196$60
49 years$2,378$1,324$701$358$178$53
50 years$2,304$1,265$659$331$162$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,360,000, adding $6,122 every year, while hoping to spend $21,757 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: 68/10/22 Blend
71$2,360,000$2,360,000$2,360,000$2,360,000
72$2,607,035$2,481,955$2,445,375$2,769,454
73$2,849,803$2,580,421$2,504,146$2,977,472
74$3,116,605$2,682,984$2,564,156$3,201,865
75$3,409,868$2,789,819$2,625,425$3,446,824
76$3,732,268$2,901,114$2,687,970$3,714,376
77$4,086,752$3,017,061$2,751,810$4,006,757
78$4,476,568$3,137,865$2,816,963$4,326,423
79$4,905,294$3,263,737$2,883,448$4,676,083
80$5,376,872$3,394,898$2,951,281$5,058,718
81$5,895,645$3,531,579$3,020,481$5,477,612
82$6,466,398$3,674,024$3,091,064$5,936,379
83$7,094,404$3,822,484$3,163,048$6,439,000
84$7,785,472$3,977,225$3,236,449$6,989,862
85$8,546,003$4,138,522$3,311,283$7,593,792
86$9,383,051$4,306,665$3,387,566$8,256,111
87$10,304,386$4,481,956$3,465,314$8,982,678
88$11,318,572$4,664,710$3,544,540$9,779,944
89$12,435,043$4,855,258$3,625,259$10,655,020
90$13,664,197$5,053,945$3,707,485$11,615,734
91$15,017,489$5,261,132$3,791,230$12,670,713
92$16,507,543$5,477,197$3,876,505$13,829,458
93$18,148,267$5,702,534$3,963,323$15,102,436
94$19,954,989$5,937,558$4,051,694$16,501,179
95$21,944,599$6,182,699$4,141,626$18,038,390
96$24,135,706$6,438,409$4,233,128$19,728,064
97$26,548,817$6,705,160$4,326,208$21,585,621
98$29,206,531$6,983,448$4,420,870$23,628,047
99$32,133,749$7,273,788$4,517,121$25,874,057
100$35,357,910$7,576,722$4,614,963$28,344,271