Can I retire at age 72 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$213,880$211,975$210,116$208,302$206,530$201,865
2 years$105,881$103,909$101,998$100,145$98,348$93,673
3 years$69,886$67,906$65,999$64,164$62,396$57,857
4 years$51,892$49,918$48,031$46,226$44,501$40,134
5 years$41,099$39,136$37,274$35,506$33,829$29,645
6 years$33,905$31,958$30,123$28,395$26,768$22,771
7 years$28,769$26,838$25,032$23,345$21,769$17,961
8 years$24,919$23,005$21,229$19,583$18,060$14,439
9 years$21,926$20,030$18,285$16,681$15,209$11,772
10 years$19,533$17,656$15,941$14,379$12,959$9,702
11 years$17,576$15,718$14,034$12,514$11,145$8,065
12 years$15,947$14,107$12,455$10,976$9,658$6,749
13 years$14,569$12,749$11,128$9,691$8,422$5,679
14 years$13,389$11,588$9,998$8,602$7,383$4,800
15 years$12,368$10,586$9,027$7,672$6,500$4,072
16 years$11,475$9,713$8,184$6,869$5,745$3,465
17 years$10,688$8,945$7,448$6,172$5,094$2,956
18 years$9,989$8,266$6,799$5,562$4,529$2,527
19 years$9,364$7,660$6,224$5,026$4,037$2,165
20 years$8,803$7,118$5,712$4,552$3,606$1,857
21 years$8,295$6,631$5,254$4,131$3,227$1,595
22 years$7,835$6,189$4,842$3,756$2,892$1,372
23 years$7,415$5,789$4,471$3,421$2,596$1,181
24 years$7,030$5,424$4,135$3,120$2,334$1,017
25 years$6,677$5,090$3,830$2,849$2,100$877
26 years$6,352$4,784$3,552$2,605$1,892$756
27 years$6,051$4,502$3,298$2,385$1,705$653
28 years$5,773$4,242$3,066$2,185$1,539$563
29 years$5,513$4,002$2,853$2,004$1,390$487
30 years$5,272$3,780$2,658$1,839$1,256$420
31 years$5,047$3,573$2,478$1,689$1,135$363
32 years$4,836$3,381$2,312$1,552$1,027$314
33 years$4,638$3,202$2,159$1,427$929$272
34 years$4,453$3,034$2,017$1,313$841$235
35 years$4,278$2,878$1,886$1,209$762$203
36 years$4,114$2,732$1,764$1,113$690$176
37 years$3,958$2,594$1,651$1,026$626$152
38 years$3,811$2,466$1,546$945$567$132
39 years$3,673$2,345$1,448$872$514$114
40 years$3,541$2,231$1,358$804$467$99
41 years$3,416$2,123$1,273$742$423$85
42 years$3,297$2,022$1,194$685$384$74
43 years$3,185$1,927$1,121$632$349$64
44 years$3,077$1,837$1,052$584$316$55
45 years$2,975$1,751$988$539$287$48
46 years$2,877$1,671$928$498$261$41
47 years$2,784$1,594$871$460$237$36
48 years$2,695$1,522$819$425$215$31
49 years$2,610$1,454$770$393$195$27
50 years$2,529$1,388$724$363$177$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,590,000, adding $5,702 every year, while hoping to spend $21,135 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: 48/30/22 Blend
71$2,590,000$2,590,000$2,590,000$2,590,000
72$2,860,062$2,722,792$2,682,647$2,979,256
73$3,129,300$2,833,721$2,750,028$3,173,918
74$3,425,293$2,949,377$2,818,958$3,382,606
75$3,750,747$3,069,970$2,889,466$3,608,792
76$4,108,643$3,195,719$2,961,583$3,854,129
77$4,502,267$3,326,851$3,035,339$4,120,432
78$4,935,238$3,463,608$3,110,763$4,409,700
79$5,411,546$3,606,238$3,187,887$4,724,128
80$5,935,584$3,755,003$3,266,741$5,066,129
81$6,512,193$3,910,178$3,347,357$5,438,358
82$7,146,709$4,072,049$3,429,766$5,843,734
83$7,845,009$4,240,915$3,513,999$6,285,468
84$8,613,570$4,417,090$3,600,087$6,767,091
85$9,459,527$4,600,901$3,688,064$7,292,487
86$10,390,744$4,792,691$3,777,959$7,865,933
87$11,415,886$4,992,818$3,869,807$8,492,131
88$12,544,498$5,201,658$3,963,637$9,176,255
89$13,787,101$5,419,604$4,059,483$9,924,003
90$15,155,286$5,647,065$4,157,377$10,741,641
91$16,661,826$5,884,472$4,257,349$11,636,068
92$18,320,795$6,132,273$4,359,433$12,614,878
93$20,147,702$6,390,940$4,463,660$13,686,430
94$22,159,636$6,660,965$4,570,061$14,859,925
95$24,375,428$6,942,862$4,678,668$16,145,494
96$26,815,831$7,237,171$4,789,511$17,554,290
97$29,503,708$7,544,455$4,902,623$19,098,593
98$32,464,258$7,865,305$5,018,032$20,791,924
99$35,725,246$8,200,339$5,135,770$22,649,170
100$39,317,268$8,550,202$5,255,866$24,686,727