Can I retire at age 72 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$207,273$205,427$203,626$201,868$200,151$194,055
2 years$102,611$100,700$98,848$97,052$95,310$89,221
3 years$67,728$65,808$63,961$62,182$60,469$54,577
4 years$50,289$48,376$46,547$44,799$43,127$37,478
5 years$39,829$37,927$36,122$34,410$32,784$27,393
6 years$32,858$30,971$29,192$27,518$25,941$20,813
7 years$27,881$26,009$24,259$22,624$21,097$16,232
8 years$24,149$22,295$20,574$18,979$17,502$12,896
9 years$21,249$19,411$17,720$16,166$14,739$10,388
10 years$18,930$17,110$15,449$13,935$12,559$8,456
11 years$17,033$15,232$13,601$12,127$10,801$6,939
12 years$15,454$13,672$12,070$10,637$9,360$5,731
13 years$14,119$12,355$10,784$9,391$8,162$4,758
14 years$12,976$11,230$9,690$8,337$7,155$3,967
15 years$11,986$10,259$8,748$7,435$6,300$3,318
16 years$11,120$9,413$7,932$6,657$5,568$2,783
17 years$10,357$8,669$7,217$5,981$4,937$2,340
18 years$9,680$8,010$6,589$5,390$4,389$1,971
19 years$9,075$7,424$6,032$4,871$3,912$1,663
20 years$8,531$6,899$5,535$4,411$3,495$1,405
21 years$8,039$6,426$5,092$4,003$3,127$1,189
22 years$7,593$5,998$4,693$3,640$2,803$1,007
23 years$7,186$5,610$4,333$3,315$2,516$853
24 years$6,813$5,256$4,007$3,024$2,262$723
25 years$6,471$4,933$3,711$2,761$2,035$613
26 years$6,156$4,636$3,442$2,525$1,833$521
27 years$5,864$4,363$3,196$2,311$1,653$442
28 years$5,594$4,111$2,971$2,117$1,491$376
29 years$5,343$3,878$2,765$1,942$1,347$319
30 years$5,109$3,663$2,576$1,782$1,217$271
31 years$4,891$3,463$2,401$1,637$1,100$231
32 years$4,687$3,276$2,240$1,504$995$196
33 years$4,495$3,103$2,092$1,383$901$167
34 years$4,315$2,941$1,954$1,273$815$142
35 years$4,146$2,789$1,827$1,171$738$121
36 years$3,986$2,647$1,709$1,079$669$103
37 years$3,836$2,514$1,600$994$606$87
38 years$3,694$2,390$1,498$916$550$74
39 years$3,559$2,272$1,404$845$499$63
40 years$3,432$2,162$1,316$779$452$54
41 years$3,311$2,058$1,234$719$410$46
42 years$3,196$1,960$1,157$664$372$39
43 years$3,086$1,867$1,086$612$338$33
44 years$2,982$1,780$1,019$566$307$28
45 years$2,883$1,697$957$522$278$24
46 years$2,789$1,619$899$482$253$20
47 years$2,698$1,545$845$446$230$17
48 years$2,612$1,475$794$412$208$15
49 years$2,530$1,409$746$381$189$13
50 years$2,451$1,346$701$352$172$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,510,000, adding $3,622 every year, while hoping to spend $45,962 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: 29/43/28 Blend
71$2,510,000$2,510,000$2,510,000$2,510,000
72$2,769,756$2,636,726$2,597,821$2,826,040
73$3,003,368$2,717,022$2,635,945$2,951,109
74$3,259,268$2,799,713$2,673,805$3,081,237
75$3,539,681$2,884,866$2,711,345$3,220,220
76$3,847,056$2,972,553$2,748,504$3,368,856
77$4,184,094$3,062,846$2,785,216$3,528,020
78$4,553,765$3,155,819$2,821,415$3,698,677
79$4,959,344$3,251,549$2,857,027$3,881,886
80$5,404,437$3,350,114$2,891,977$4,078,814
81$5,893,014$3,451,595$2,926,183$4,290,742
82$6,429,453$3,556,075$2,959,562$4,519,082
83$7,018,572$3,663,637$2,992,022$4,765,386
84$7,665,681$3,774,370$3,023,469$5,031,364
85$8,376,628$3,888,361$3,053,802$5,318,894
86$9,157,856$4,005,703$3,082,917$5,630,048
87$10,016,464$4,126,490$3,110,702$5,967,104
88$10,960,273$4,250,817$3,137,039$6,332,571
89$11,997,896$4,378,783$3,161,806$6,729,211
90$13,138,828$4,510,489$3,184,873$7,160,065
91$14,393,524$4,646,039$3,206,102$7,628,483
92$15,773,507$4,785,538$3,225,350$8,138,154
93$17,291,472$4,929,097$3,242,466$8,693,140
94$18,961,405$5,076,825$3,257,291$9,297,915
95$20,798,716$5,228,837$3,269,658$9,957,407
96$22,820,385$5,385,250$3,279,392$10,677,045
97$25,045,121$5,546,184$3,286,308$11,462,809
98$27,493,537$5,711,761$3,290,213$12,321,285
99$30,188,346$5,882,106$3,290,904$13,259,731
100$33,154,576$6,057,348$3,288,168$14,286,140