Can I retire at age 72 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$203,145$201,335$199,570$197,846$196,164$189,354
2 years$100,567$98,694$96,878$95,118$93,411$86,621
3 years$66,378$64,497$62,687$60,943$59,264$52,707
4 years$49,288$47,412$45,620$43,906$42,268$35,993
5 years$39,036$37,172$35,403$33,724$32,131$26,156
6 years$32,204$30,354$28,611$26,970$25,424$19,754
7 years$27,325$25,491$23,776$22,173$20,677$15,309
8 years$23,668$21,850$20,164$18,600$17,153$12,084
9 years$20,825$19,025$17,367$15,843$14,446$9,669
10 years$18,552$16,769$15,141$13,657$12,308$7,816
11 years$16,694$14,929$13,330$11,886$10,586$6,369
12 years$15,146$13,399$11,830$10,426$9,173$5,222
13 years$13,838$12,109$10,569$9,204$7,999$4,303
14 years$12,717$11,007$9,496$8,170$7,012$3,560
15 years$11,747$10,055$8,574$7,287$6,174$2,955
16 years$10,899$9,225$7,774$6,524$5,457$2,459
17 years$10,151$8,496$7,074$5,862$4,838$2,051
18 years$9,487$7,851$6,457$5,283$4,302$1,714
19 years$8,894$7,276$5,911$4,774$3,834$1,434
20 years$8,361$6,761$5,425$4,323$3,425$1,201
21 years$7,879$6,298$4,990$3,924$3,065$1,008
22 years$7,441$5,879$4,599$3,568$2,747$846
23 years$7,043$5,498$4,247$3,249$2,466$710
24 years$6,678$5,152$3,927$2,963$2,217$597
25 years$6,342$4,834$3,637$2,706$1,995$502
26 years$6,033$4,544$3,374$2,474$1,797$422
27 years$5,748$4,276$3,133$2,265$1,620$356
28 years$5,483$4,029$2,912$2,075$1,462$299
29 years$5,237$3,801$2,710$1,903$1,320$252
30 years$5,007$3,590$2,524$1,746$1,193$212
31 years$4,793$3,394$2,353$1,604$1,078$179
32 years$4,593$3,211$2,196$1,474$975$151
33 years$4,405$3,041$2,050$1,356$883$127
34 years$4,229$2,882$1,916$1,247$799$107
35 years$4,063$2,734$1,791$1,148$724$90
36 years$3,907$2,595$1,675$1,057$656$76
37 years$3,760$2,464$1,568$974$594$64
38 years$3,620$2,342$1,468$898$539$54
39 years$3,488$2,227$1,376$828$489$46
40 years$3,363$2,119$1,290$764$443$38
41 years$3,245$2,017$1,209$705$402$32
42 years$3,132$1,921$1,134$650$365$27
43 years$3,025$1,830$1,064$600$331$23
44 years$2,923$1,744$999$554$301$19
45 years$2,826$1,664$938$512$273$16
46 years$2,733$1,587$881$473$248$14
47 years$2,645$1,514$828$437$225$12
48 years$2,560$1,446$778$404$204$10
49 years$2,479$1,381$731$373$186$8
50 years$2,402$1,319$687$345$169$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,460,000, adding $4,477 every year, while hoping to spend $33,613 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: 67/22/11 Blend
71$2,460,000$2,460,000$2,460,000$2,460,000
72$2,715,538$2,585,158$2,547,028$2,890,770
73$2,956,759$2,676,067$2,596,589$3,098,831
74$3,221,458$2,770,304$2,646,685$3,321,805
75$3,511,994$2,867,996$2,697,296$3,564,715
76$3,830,966$2,969,276$2,748,404$3,829,508
77$4,181,237$3,074,283$2,799,988$4,118,327
78$4,565,960$3,183,160$2,852,025$4,433,531
79$4,988,609$3,296,056$2,904,489$4,777,718
80$5,453,012$3,413,128$2,957,354$5,153,745
81$5,963,384$3,534,536$3,010,590$5,564,759
82$6,524,370$3,660,449$3,064,166$6,014,226
83$7,141,088$3,791,042$3,118,047$6,505,961
84$7,819,174$3,926,499$3,172,197$7,044,163
85$8,564,841$4,067,008$3,226,576$7,633,459
86$9,384,931$4,212,768$3,281,143$8,278,941
87$10,286,984$4,363,984$3,335,852$8,986,220
88$11,279,308$4,520,870$3,390,654$9,761,473
89$12,371,054$4,683,651$3,445,498$10,611,503
90$13,572,309$4,852,556$3,500,329$11,543,804
91$14,894,183$5,027,830$3,555,089$12,566,629
92$16,348,919$5,209,723$3,609,714$13,689,069
93$17,950,007$5,398,498$3,664,138$14,921,138
94$19,712,312$5,594,428$3,718,290$16,273,864
95$21,652,210$5,797,799$3,772,096$17,759,399
96$23,787,750$6,008,905$3,825,475$19,391,125
97$26,138,816$6,228,056$3,878,344$21,183,788
98$28,727,319$6,455,575$3,930,612$23,153,628
99$31,577,403$6,691,796$3,982,185$25,318,540
100$34,715,672$6,937,068$4,032,963$27,698,235