Can I retire at age 72 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$199,841$198,061$196,325$194,629$192,974$187,022
2 years$98,931$97,089$95,303$93,572$91,892$85,947
3 years$65,299$63,449$61,667$59,952$58,300$52,549
4 years$48,486$46,641$44,878$43,192$41,580$36,067
5 years$38,401$36,567$34,827$33,176$31,609$26,349
6 years$31,680$29,860$28,146$26,531$25,011$20,008
7 years$26,881$25,076$23,389$21,813$20,341$15,595
8 years$23,283$21,495$19,836$18,298$16,874$12,383
9 years$20,487$18,715$17,085$15,586$14,211$9,969
10 years$18,251$16,497$14,895$13,435$12,108$8,109
11 years$16,423$14,686$13,113$11,693$10,413$6,650
12 years$14,900$13,181$11,638$10,256$9,024$5,489
13 years$13,613$11,912$10,397$9,055$7,869$4,554
14 years$12,510$10,828$9,342$8,038$6,898$3,794
15 years$11,556$9,891$8,435$7,168$6,074$3,171
16 years$10,722$9,075$7,647$6,418$5,368$2,658
17 years$9,986$8,358$6,959$5,767$4,760$2,234
18 years$9,333$7,723$6,352$5,197$4,232$1,880
19 years$8,749$7,158$5,815$4,696$3,772$1,585
20 years$8,225$6,651$5,337$4,253$3,369$1,338
21 years$7,751$6,195$4,909$3,860$3,015$1,131
22 years$7,320$5,783$4,524$3,510$2,703$957
23 years$6,928$5,409$4,177$3,196$2,426$810
24 years$6,569$5,068$3,863$2,915$2,181$686
25 years$6,239$4,756$3,578$2,662$1,962$582
26 years$5,935$4,470$3,319$2,434$1,767$493
27 years$5,654$4,207$3,082$2,228$1,594$419
28 years$5,394$3,964$2,865$2,041$1,438$355
29 years$5,152$3,739$2,666$1,872$1,298$302
30 years$4,926$3,531$2,483$1,718$1,173$256
31 years$4,716$3,338$2,315$1,578$1,061$218
32 years$4,519$3,159$2,160$1,450$959$185
33 years$4,334$2,991$2,017$1,334$868$157
34 years$4,160$2,835$1,884$1,227$786$133
35 years$3,997$2,689$1,762$1,129$712$113
36 years$3,844$2,552$1,648$1,040$645$96
37 years$3,698$2,424$1,543$958$585$82
38 years$3,561$2,304$1,445$883$530$70
39 years$3,432$2,191$1,353$815$481$59
40 years$3,309$2,084$1,269$751$436$50
41 years$3,192$1,984$1,190$693$396$43
42 years$3,081$1,890$1,116$640$359$36
43 years$2,976$1,800$1,047$591$326$31
44 years$2,875$1,716$983$545$296$26
45 years$2,780$1,636$923$504$268$22
46 years$2,689$1,561$867$465$244$19
47 years$2,602$1,490$814$430$221$16
48 years$2,518$1,422$765$397$201$14
49 years$2,439$1,358$719$367$183$12
50 years$2,363$1,297$676$339$166$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,420,000, adding $5,101 every year, while hoping to spend $51,793 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: 58/37/5 Blend
71$2,420,000$2,420,000$2,420,000$2,420,000
72$2,672,102$2,543,842$2,506,332$2,824,341
73$2,889,549$2,613,383$2,535,186$2,996,573
74$3,127,439$2,684,595$2,563,272$3,177,852
75$3,387,804$2,757,506$2,590,508$3,374,115
76$3,672,880$2,832,144$2,616,809$3,586,797
77$3,985,128$2,908,533$2,642,086$3,817,479
78$4,327,260$2,986,700$2,666,245$4,067,899
79$4,702,262$3,066,670$2,689,186$4,339,970
80$5,113,424$3,148,468$2,710,805$4,635,798
81$5,564,367$3,232,117$2,730,991$4,957,703
82$6,059,082$3,317,640$2,749,629$5,308,238
83$6,601,963$3,405,059$2,766,596$5,690,214
84$7,197,851$3,494,395$2,781,765$6,106,726
85$7,852,078$3,585,666$2,795,000$6,561,184
86$8,570,517$3,678,891$2,806,160$7,057,340
87$9,359,639$3,774,086$2,815,095$7,599,331
88$10,226,572$3,871,266$2,821,651$8,191,708
89$11,179,168$3,970,444$2,825,662$8,839,489
90$12,226,078$4,071,630$2,826,956$9,548,197
91$13,376,831$4,174,833$2,825,353$10,323,919
92$14,641,928$4,280,060$2,820,662$11,173,356
93$16,032,935$4,387,314$2,812,685$12,103,896
94$17,562,597$4,496,595$2,801,212$13,123,672
95$19,244,956$4,607,901$2,786,026$14,241,648
96$21,095,480$4,721,228$2,766,897$15,467,697
97$23,131,216$4,836,564$2,743,585$16,812,698
98$25,370,942$4,953,898$2,715,837$18,288,637
99$27,835,351$5,073,212$2,683,391$19,908,720
100$30,547,242$5,194,485$2,645,970$21,687,495