Can I retire at age 72 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$196,538$194,788$193,080$191,412$189,785$185,347
2 years$97,296$95,484$93,728$92,025$90,374$85,928
3 years$64,220$62,400$60,648$58,961$57,337$53,022
4 years$47,685$45,871$44,136$42,478$40,893$36,743
5 years$37,766$35,963$34,252$32,627$31,086$27,112
6 years$31,156$29,367$27,680$26,092$24,597$20,803
7 years$26,437$24,662$23,003$21,452$20,004$16,390
8 years$22,899$21,140$19,508$17,996$16,596$13,160
9 years$20,148$18,406$16,802$15,328$13,976$10,717
10 years$17,949$16,224$14,649$13,213$11,908$8,822
11 years$16,151$14,443$12,896$11,499$10,241$7,323
12 years$14,654$12,964$11,445$10,086$8,875$6,121
13 years$13,388$11,715$10,226$8,905$7,739$5,143
14 years$12,304$10,649$9,188$7,905$6,784$4,341
15 years$11,365$9,728$8,295$7,050$5,973$3,678
16 years$10,544$8,925$7,521$6,312$5,279$3,125
17 years$9,821$8,220$6,844$5,671$4,681$2,662
18 years$9,179$7,595$6,247$5,111$4,162$2,273
19 years$8,605$7,039$5,719$4,618$3,710$1,944
20 years$8,089$6,541$5,249$4,183$3,314$1,665
21 years$7,623$6,093$4,828$3,796$2,965$1,428
22 years$7,199$5,688$4,450$3,452$2,658$1,226
23 years$6,814$5,319$4,108$3,143$2,386$1,054
24 years$6,460$4,984$3,800$2,867$2,145$906
25 years$6,136$4,677$3,519$2,618$1,930$780
26 years$5,837$4,396$3,264$2,394$1,738$672
27 years$5,561$4,137$3,031$2,191$1,567$579
28 years$5,305$3,898$2,818$2,008$1,414$499
29 years$5,066$3,678$2,622$1,841$1,277$430
30 years$4,845$3,473$2,442$1,690$1,154$371
31 years$4,638$3,283$2,277$1,552$1,043$320
32 years$4,444$3,107$2,124$1,426$944$276
33 years$4,262$2,942$1,983$1,311$854$238
34 years$4,092$2,788$1,853$1,207$773$206
35 years$3,931$2,645$1,733$1,111$700$178
36 years$3,780$2,510$1,621$1,023$634$154
37 years$3,637$2,384$1,517$943$575$133
38 years$3,502$2,266$1,421$869$521$115
39 years$3,375$2,155$1,331$801$473$99
40 years$3,254$2,050$1,248$739$429$85
41 years$3,139$1,951$1,170$682$389$74
42 years$3,030$1,858$1,097$629$353$64
43 years$2,926$1,771$1,030$581$320$55
44 years$2,828$1,688$967$536$291$48
45 years$2,734$1,609$908$495$264$41
46 years$2,644$1,535$852$457$240$36
47 years$2,559$1,465$801$423$218$31
48 years$2,477$1,399$753$391$198$27
49 years$2,399$1,336$707$361$180$23
50 years$2,324$1,276$665$334$163$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,380,000, adding $4,559 every year, while hoping to spend $58,359 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: 29/49/22 Blend
71$2,380,000$2,380,000$2,380,000$2,380,000
72$2,627,463$2,501,323$2,464,433$2,685,441
73$2,833,370$2,561,794$2,484,898$2,791,053
74$3,058,325$2,623,272$2,504,092$2,899,027
75$3,304,207$2,685,746$2,521,912$3,013,893
76$3,573,088$2,749,199$2,538,248$3,136,279
77$3,867,248$2,813,615$2,552,985$3,266,879
78$4,189,198$2,878,973$2,566,001$3,406,456
79$4,541,703$2,945,250$2,577,168$3,555,855
80$4,927,808$3,012,418$2,586,354$3,716,004
81$5,350,865$3,080,447$2,593,418$3,887,926
82$5,814,567$3,149,303$2,598,211$4,072,752
83$6,322,981$3,218,947$2,600,580$4,271,724
84$6,880,586$3,289,336$2,600,360$4,486,217
85$7,492,316$3,360,424$2,597,382$4,717,744
86$8,163,604$3,432,156$2,591,467$4,967,974
87$8,900,436$3,504,477$2,582,426$5,238,747
88$9,709,406$3,577,322$2,570,062$5,532,094
89$10,597,776$3,650,621$2,554,170$5,850,252
90$11,573,548$3,724,300$2,534,533$6,195,692
91$12,645,534$3,798,275$2,510,924$6,571,135
92$13,823,444$3,872,456$2,483,106$6,979,585
93$15,117,976$3,946,747$2,450,830$7,424,354
94$16,540,913$4,021,041$2,413,836$7,909,094
95$18,105,237$4,095,223$2,371,852$8,437,834
96$19,825,253$4,169,171$2,324,591$9,015,017
97$21,716,720$4,242,751$2,271,755$9,645,543
98$23,796,998$4,315,819$2,213,031$10,334,814
99$26,085,217$4,388,220$2,148,094$11,088,793
100$28,602,455$4,459,787$2,076,600$11,914,049