Can I retire at age 72 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$205,622$203,790$202,003$200,259$198,556$195,267
2 years$101,793$99,897$98,060$96,278$94,551$91,246
3 years$67,188$65,284$63,451$61,687$59,987$56,770
4 years$49,889$47,991$46,176$44,442$42,783$39,679
5 years$39,512$37,625$35,835$34,135$32,523$29,541
6 years$32,596$30,724$28,960$27,298$25,734$22,877
7 years$27,659$25,802$24,066$22,444$20,929$18,197
8 years$23,957$22,117$20,410$18,827$17,363$14,756
9 years$21,079$19,257$17,579$16,037$14,622$12,139
10 years$18,779$16,974$15,326$13,824$12,458$10,098
11 years$16,898$15,111$13,492$12,031$10,715$8,473
12 years$15,331$13,563$11,974$10,553$9,285$7,160
13 years$14,007$12,257$10,698$9,316$8,097$6,085
14 years$12,872$11,141$9,612$8,270$7,098$5,196
15 years$11,890$10,178$8,679$7,375$6,249$4,454
16 years$11,032$9,338$7,868$6,604$5,523$3,830
17 years$10,275$8,600$7,160$5,934$4,897$3,303
18 years$9,603$7,946$6,536$5,347$4,354$2,855
19 years$9,002$7,365$5,984$4,832$3,881$2,473
20 years$8,463$6,844$5,491$4,376$3,467$2,145
21 years$7,975$6,375$5,051$3,972$3,102$1,864
22 years$7,532$5,950$4,655$3,611$2,781$1,621
23 years$7,129$5,565$4,298$3,289$2,496$1,412
24 years$6,759$5,214$3,975$2,999$2,244$1,231
25 years$6,420$4,893$3,682$2,739$2,019$1,074
26 years$6,107$4,599$3,415$2,505$1,819$937
27 years$5,818$4,328$3,171$2,293$1,640$819
28 years$5,550$4,078$2,948$2,100$1,479$716
29 years$5,301$3,848$2,743$1,926$1,336$626
30 years$5,069$3,634$2,555$1,768$1,207$547
31 years$4,852$3,435$2,382$1,624$1,091$479
32 years$4,649$3,250$2,223$1,492$987$419
33 years$4,459$3,078$2,075$1,372$893$367
34 years$4,281$2,917$1,939$1,262$809$321
35 years$4,113$2,767$1,813$1,162$733$282
36 years$3,955$2,626$1,696$1,070$664$247
37 years$3,805$2,494$1,587$986$602$216
38 years$3,664$2,370$1,486$909$545$189
39 years$3,531$2,254$1,393$838$495$166
40 years$3,404$2,145$1,305$773$449$146
41 years$3,284$2,041$1,224$713$407$128
42 years$3,170$1,944$1,148$658$369$112
43 years$3,062$1,852$1,077$608$335$98
44 years$2,958$1,766$1,011$561$304$86
45 years$2,860$1,684$950$518$276$75
46 years$2,766$1,606$892$479$251$66
47 years$2,677$1,533$838$442$228$58
48 years$2,591$1,463$787$409$207$51
49 years$2,509$1,397$740$378$188$45
50 years$2,431$1,335$696$349$171$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,490,000, adding $6,573 every year, while hoping to spend $53,114 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: 35/48/17 Blend
71$2,490,000$2,490,000$2,490,000$2,490,000
72$2,750,760$2,618,790$2,580,195$2,832,469
73$2,974,825$2,690,598$2,610,119$2,964,413
74$3,219,964$2,764,144$2,639,265$3,101,232
75$3,488,271$2,839,458$2,667,551$3,247,729
76$3,782,051$2,916,568$2,694,890$3,404,792
77$4,103,843$2,995,503$2,721,192$3,573,401
78$4,456,443$3,076,290$2,746,360$3,754,629
79$4,842,929$3,158,957$2,770,292$3,949,661
80$5,266,692$3,243,531$2,792,881$4,159,799
81$5,731,468$3,330,037$2,814,015$4,386,477
82$6,241,369$3,418,500$2,833,576$4,631,274
83$6,800,927$3,508,944$2,851,439$4,895,927
84$7,415,132$3,601,393$2,867,473$5,182,351
85$8,089,482$3,695,868$2,881,540$5,492,652
86$8,830,033$3,792,390$2,893,496$5,829,151
87$9,643,456$3,890,977$2,903,188$6,194,404
88$10,537,100$3,991,646$2,910,456$6,591,227
89$11,519,062$4,094,414$2,915,133$7,022,721
90$12,598,259$4,199,293$2,917,044$7,492,302
91$13,784,519$4,306,296$2,916,002$8,003,733
92$15,088,666$4,415,430$2,911,814$8,561,160
93$16,522,627$4,526,704$2,904,277$9,169,151
94$18,099,542$4,640,119$2,893,177$9,832,739
95$19,833,888$4,755,678$2,878,291$10,557,468
96$21,741,615$4,873,376$2,859,384$11,349,449
97$23,840,297$4,993,210$2,836,211$12,215,414
98$26,149,298$5,115,167$2,808,515$13,162,781
99$28,689,952$5,239,236$2,776,025$14,199,725
100$31,485,765$5,365,396$2,738,460$15,335,253