Can I retire at age 72 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$211,402$209,519$207,682$205,889$204,138$202,766
2 years$104,655$102,706$100,817$98,985$97,209$95,825
3 years$69,077$67,119$65,235$63,421$61,673$60,321
4 years$51,291$49,340$47,474$45,691$43,986$42,675
5 years$40,623$38,683$36,842$35,095$33,437$32,172
6 years$33,513$31,588$29,774$28,066$26,458$25,240
7 years$28,436$26,527$24,742$23,074$21,517$20,347
8 years$24,630$22,739$20,983$19,357$17,851$16,728
9 years$21,672$19,798$18,073$16,488$15,033$13,957
10 years$19,307$17,451$15,756$14,212$12,809$11,780
11 years$17,373$15,536$13,872$12,369$11,016$10,033
12 years$15,762$13,944$12,311$10,849$9,546$8,609
13 years$14,400$12,601$10,999$9,578$8,324$7,431
14 years$13,234$11,454$9,883$8,503$7,297$6,447
15 years$12,224$10,464$8,923$7,583$6,425$5,617
16 years$11,342$9,600$8,090$6,790$5,678$4,911
17 years$10,564$8,841$7,361$6,100$5,035$4,307
18 years$9,873$8,170$6,720$5,498$4,477$3,787
19 years$9,256$7,572$6,152$4,968$3,990$3,338
20 years$8,701$7,036$5,646$4,499$3,564$2,947
21 years$8,199$6,554$5,193$4,083$3,190$2,607
22 years$7,744$6,118$4,786$3,713$2,859$2,310
23 years$7,329$5,722$4,419$3,381$2,566$2,049
24 years$6,949$5,361$4,087$3,084$2,307$1,819
25 years$6,600$5,031$3,785$2,816$2,076$1,617
26 years$6,278$4,728$3,511$2,575$1,870$1,439
27 years$5,981$4,450$3,260$2,357$1,686$1,281
28 years$5,706$4,193$3,031$2,160$1,521$1,141
29 years$5,450$3,956$2,820$1,980$1,373$1,018
30 years$5,211$3,736$2,627$1,817$1,241$908
31 years$4,988$3,532$2,449$1,669$1,122$810
32 years$4,780$3,342$2,285$1,534$1,015$723
33 years$4,585$3,164$2,134$1,411$918$646
34 years$4,401$2,999$1,993$1,298$832$577
35 years$4,229$2,845$1,864$1,195$753$516
36 years$4,066$2,700$1,743$1,100$682$461
37 years$3,912$2,564$1,632$1,014$619$413
38 years$3,767$2,437$1,528$935$561$369
39 years$3,630$2,317$1,432$862$509$330
40 years$3,500$2,205$1,342$795$461$295
41 years$3,376$2,099$1,258$733$418$264
42 years$3,259$1,999$1,180$677$380$237
43 years$3,148$1,905$1,108$625$345$212
44 years$3,042$1,815$1,040$577$313$190
45 years$2,941$1,731$976$533$284$170
46 years$2,844$1,651$917$492$258$152
47 years$2,752$1,576$861$455$234$136
48 years$2,664$1,504$809$420$213$122
49 years$2,580$1,437$761$388$193$109
50 years$2,499$1,372$715$359$175$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,560,000, adding $4,901 every year, while hoping to spend $34,525 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: 62/23/15 Blend
71$2,560,000$2,560,000$2,560,000$2,560,000
72$2,826,175$2,690,495$2,650,815$2,990,632
73$3,077,711$2,785,595$2,702,883$3,196,832
74$3,353,746$2,884,198$2,755,538$3,417,475
75$3,656,743$2,986,439$2,808,764$3,657,508
76$3,989,415$3,092,458$2,862,541$3,918,817
77$4,354,749$3,202,402$2,916,850$4,203,474
78$4,756,037$3,316,424$2,971,669$4,513,763
79$5,196,905$3,434,681$3,026,972$4,852,195
80$5,681,348$3,557,339$3,082,735$5,221,535
81$6,213,767$3,684,570$3,138,927$5,624,827
82$6,799,010$3,816,552$3,195,520$6,065,423
83$7,442,417$3,953,472$3,252,478$6,547,011
84$8,149,874$4,095,522$3,309,766$7,073,653
85$8,927,864$4,242,906$3,367,347$7,649,822
86$9,783,530$4,395,832$3,425,177$8,280,442
87$10,724,743$4,554,521$3,483,213$8,970,938
88$11,760,173$4,719,198$3,541,406$9,727,280
89$12,899,374$4,890,103$3,599,707$10,556,047
90$14,152,873$5,067,480$3,658,060$11,464,481
91$15,532,269$5,251,589$3,716,408$12,460,560
92$17,050,340$5,442,698$3,774,687$13,553,072
93$18,721,169$5,641,084$3,832,834$14,751,694
94$20,560,271$5,847,040$3,890,776$16,067,087
95$22,584,742$6,060,868$3,948,441$17,510,992
96$24,813,420$6,282,885$4,005,748$19,096,346
97$27,267,061$6,513,419$4,062,613$20,837,396
98$29,968,538$6,752,813$4,118,947$22,749,839
99$32,943,053$7,001,425$4,174,656$24,850,965
100$36,218,377$7,259,627$4,229,639$27,159,824