Can I retire at age 72 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$206,448$204,609$202,815$201,063$199,354$193,593
2 years$102,202$100,298$98,454$96,665$94,930$89,172
3 years$67,458$65,546$63,706$61,934$60,228$54,653
4 years$50,089$48,183$46,362$44,620$42,955$37,606
5 years$39,671$37,776$35,979$34,273$32,654$27,545
6 years$32,727$30,847$29,076$27,408$25,838$20,974
7 years$27,770$25,905$24,162$22,534$21,013$16,394
8 years$24,053$22,206$20,492$18,903$17,432$13,056
9 years$21,164$19,334$17,649$16,101$14,680$10,542
10 years$18,854$17,042$15,387$13,879$12,509$8,603
11 years$16,965$15,172$13,547$12,079$10,758$7,078
12 years$15,393$13,617$12,022$10,595$9,322$5,861
13 years$14,063$12,306$10,741$9,354$8,129$4,879
14 years$12,924$11,186$9,651$8,303$7,126$4,079
15 years$11,938$10,218$8,713$7,405$6,274$3,422
16 years$11,076$9,375$7,900$6,630$5,545$2,879
17 years$10,316$8,634$7,189$5,957$4,917$2,427
18 years$9,642$7,978$6,562$5,369$4,372$2,051
19 years$9,039$7,394$6,008$4,851$3,897$1,736
20 years$8,497$6,871$5,513$4,394$3,481$1,471
21 years$8,007$6,400$5,071$3,988$3,115$1,248
22 years$7,562$5,974$4,674$3,626$2,792$1,060
23 years$7,157$5,588$4,316$3,302$2,506$901
24 years$6,786$5,235$3,991$3,012$2,253$766
25 years$6,445$4,913$3,697$2,750$2,027$652
26 years$6,131$4,617$3,428$2,515$1,826$555
27 years$5,841$4,346$3,184$2,302$1,646$473
28 years$5,572$4,095$2,960$2,109$1,485$403
29 years$5,322$3,863$2,754$1,934$1,341$344
30 years$5,089$3,648$2,565$1,775$1,212$293
31 years$4,871$3,449$2,392$1,630$1,096$250
32 years$4,668$3,263$2,231$1,498$991$213
33 years$4,477$3,090$2,084$1,378$897$182
34 years$4,298$2,929$1,947$1,268$812$155
35 years$4,129$2,778$1,820$1,167$736$132
36 years$3,971$2,637$1,703$1,075$666$113
37 years$3,821$2,504$1,594$990$604$97
38 years$3,679$2,380$1,492$913$548$82
39 years$3,545$2,263$1,398$841$497$70
40 years$3,418$2,153$1,310$776$450$60
41 years$3,297$2,050$1,229$716$409$51
42 years$3,183$1,952$1,153$661$371$44
43 years$3,074$1,860$1,082$610$337$37
44 years$2,970$1,773$1,015$563$305$32
45 years$2,872$1,691$953$520$277$27
46 years$2,777$1,613$895$481$252$23
47 years$2,688$1,539$841$444$229$20
48 years$2,602$1,469$791$410$208$17
49 years$2,519$1,403$743$379$189$14
50 years$2,441$1,340$699$350$171$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,500,000, adding $6,468 every year, while hoping to spend $59,965 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: 83/9/8 Blend
71$2,500,000$2,500,000$2,500,000$2,500,000
72$2,761,672$2,629,172$2,590,422$2,987,775
73$2,979,560$2,694,199$2,613,399$3,201,573
74$3,217,663$2,760,403$2,635,135$3,427,589
75$3,477,979$2,827,777$2,655,527$3,673,927
76$3,762,710$2,896,315$2,674,464$3,942,591
77$4,074,277$2,966,005$2,691,829$4,235,786
78$4,415,349$3,036,835$2,707,501$4,555,942
79$4,788,863$3,108,788$2,721,351$4,905,734
80$5,198,055$3,181,846$2,733,244$5,288,109
81$5,646,487$3,255,988$2,743,038$5,706,310
82$6,138,084$3,331,186$2,750,585$6,163,914
83$6,677,166$3,407,412$2,755,728$6,664,857
84$7,268,495$3,484,633$2,758,302$7,213,476
85$7,917,312$3,562,811$2,758,136$7,814,550
86$8,629,393$3,641,903$2,755,048$8,473,341
87$9,411,098$3,721,863$2,748,849$9,195,647
88$10,269,434$3,802,639$2,739,340$9,987,858
89$11,212,121$3,884,173$2,726,312$10,857,009
90$12,247,660$3,966,400$2,709,547$11,810,856
91$13,385,419$4,049,252$2,688,815$12,857,939
92$14,635,718$4,132,651$2,663,876$14,007,671
93$16,009,924$4,216,514$2,634,478$15,270,422
94$17,520,562$4,300,749$2,600,359$16,657,616
95$19,181,430$4,385,256$2,561,242$18,181,844
96$21,007,731$4,469,928$2,516,838$19,856,975
97$23,016,212$4,554,648$2,466,846$21,698,295
98$25,225,329$4,639,288$2,410,948$23,722,642
99$27,655,411$4,723,712$2,348,813$25,948,575
100$30,328,860$4,807,771$2,280,096$28,396,539