Can I retire at age 72 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$203,970$202,153$200,381$198,651$196,961$195,474
2 years$100,975$99,095$97,272$95,505$93,791$92,292
3 years$66,648$64,760$62,942$61,191$59,505$58,040
4 years$49,488$47,605$45,805$44,085$42,439$41,020
5 years$39,195$37,323$35,547$33,861$32,262$30,892
6 years$32,335$30,477$28,727$27,079$25,528$24,209
7 years$27,436$25,595$23,872$22,263$20,761$19,495
8 years$23,765$21,939$20,246$18,676$17,223$16,009
9 years$20,910$19,102$17,438$15,908$14,504$13,342
10 years$18,628$16,838$15,202$13,713$12,358$11,247
11 years$16,762$14,989$13,384$11,934$10,629$9,568
12 years$15,208$13,454$11,878$10,468$9,211$8,199
13 years$13,894$12,158$10,612$9,242$8,032$7,068
14 years$12,769$11,052$9,535$8,204$7,041$6,124
15 years$11,795$10,096$8,609$7,316$6,199$5,329
16 years$10,943$9,263$7,805$6,551$5,479$4,653
17 years$10,192$8,531$7,102$5,886$4,858$4,075
18 years$9,526$7,883$6,484$5,304$4,319$3,578
19 years$8,930$7,306$5,935$4,793$3,850$3,149
20 years$8,395$6,789$5,447$4,341$3,439$2,777
21 years$7,911$6,323$5,010$3,940$3,077$2,452
22 years$7,472$5,903$4,618$3,582$2,758$2,169
23 years$7,071$5,521$4,264$3,262$2,476$1,921
24 years$6,705$5,172$3,943$2,975$2,226$1,703
25 years$6,368$4,854$3,652$2,717$2,003$1,512
26 years$6,058$4,562$3,387$2,485$1,804$1,343
27 years$5,771$4,293$3,145$2,274$1,626$1,194
28 years$5,505$4,046$2,924$2,084$1,468$1,062
29 years$5,258$3,817$2,721$1,911$1,325$945
30 years$5,028$3,604$2,535$1,754$1,197$842
31 years$4,813$3,407$2,363$1,611$1,083$750
32 years$4,612$3,224$2,205$1,480$979$669
33 years$4,423$3,053$2,058$1,361$886$596
34 years$4,246$2,894$1,923$1,252$802$532
35 years$4,080$2,745$1,798$1,153$727$475
36 years$3,923$2,605$1,682$1,062$658$424
37 years$3,775$2,474$1,574$978$597$378
38 years$3,635$2,351$1,474$902$541$338
39 years$3,502$2,236$1,381$831$491$302
40 years$3,377$2,127$1,295$767$445$269
41 years$3,258$2,025$1,214$707$404$241
42 years$3,145$1,929$1,139$653$366$215
43 years$3,037$1,838$1,069$603$332$192
44 years$2,935$1,752$1,003$557$302$172
45 years$2,837$1,670$942$514$274$153
46 years$2,744$1,593$885$475$249$137
47 years$2,655$1,521$831$439$226$123
48 years$2,570$1,452$781$405$205$110
49 years$2,489$1,386$734$375$186$98
50 years$2,412$1,324$690$346$169$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,470,000, adding $2,881 every year, while hoping to spend $40,399 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: 70/9/21 Blend
71$2,470,000$2,470,000$2,470,000$2,470,000
72$2,724,912$2,594,002$2,555,717$2,901,330
73$2,959,869$2,678,124$2,598,349$3,103,578
74$3,217,437$2,765,013$2,641,056$3,319,850
75$3,499,881$2,854,764$2,683,796$3,555,593
76$3,809,693$2,947,472$2,726,528$3,812,728
77$4,149,620$3,043,237$2,769,205$4,093,375
78$4,522,687$3,142,161$2,811,779$4,399,865
79$4,932,225$3,244,351$2,854,198$4,734,768
80$5,381,906$3,349,918$2,896,407$5,100,914
81$5,875,772$3,458,975$2,938,348$5,501,420
82$6,418,276$3,571,641$2,979,958$5,939,720
83$7,014,326$3,688,037$3,021,173$6,419,595
84$7,669,327$3,808,291$3,061,922$6,945,213
85$8,389,234$3,932,532$3,102,132$7,521,163
86$9,180,606$4,060,897$3,141,724$8,152,502
87$10,050,672$4,193,525$3,180,616$8,844,802
88$11,007,395$4,330,562$3,218,720$9,604,198
89$12,059,547$4,472,158$3,255,945$10,437,454
90$13,216,795$4,618,468$3,292,194$11,352,020
91$14,489,789$4,769,652$3,327,362$12,356,103
92$15,890,261$4,925,879$3,361,343$13,458,748
93$17,431,140$5,087,320$3,394,021$14,669,918
94$19,126,672$5,254,154$3,425,276$16,000,594
95$20,992,551$5,426,566$3,454,981$17,462,873
96$23,046,070$5,604,747$3,483,002$19,070,083
97$25,306,286$5,788,896$3,509,199$20,836,914
98$27,794,193$5,979,218$3,533,423$22,779,547
99$30,532,927$6,175,926$3,555,518$24,915,816
100$33,547,978$6,379,239$3,575,322$27,265,371