Can I retire at age 72 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$218,009$216,067$214,172$212,323$210,517$208,928
2 years$107,925$105,915$103,967$102,078$100,246$98,644
3 years$71,235$69,217$67,274$65,403$63,600$62,035
4 years$52,894$50,882$48,958$47,119$45,360$43,843
5 years$41,892$39,892$37,993$36,192$34,482$33,018
6 years$34,560$32,575$30,704$28,943$27,285$25,876
7 years$29,325$27,356$25,515$23,796$22,190$20,836
8 years$25,400$23,449$21,639$19,961$18,408$17,111
9 years$22,349$20,417$18,638$17,003$15,503$14,260
10 years$19,910$17,996$16,249$14,657$13,209$12,021
11 years$17,916$16,021$14,305$12,756$11,360$10,226
12 years$16,255$14,380$12,695$11,188$9,844$8,763
13 years$14,850$12,995$11,343$9,878$8,585$7,555
14 years$13,648$11,812$10,191$8,768$7,525$6,546
15 years$12,606$10,791$9,201$7,820$6,626$5,695
16 years$11,696$9,900$8,342$7,002$5,856$4,973
17 years$10,894$9,118$7,591$6,291$5,192$4,355
18 years$10,181$8,425$6,930$5,669$4,617$3,824
19 years$9,545$7,808$6,344$5,123$4,115$3,366
20 years$8,973$7,256$5,822$4,640$3,676$2,968
21 years$8,455$6,759$5,355$4,211$3,289$2,621
22 years$7,986$6,309$4,936$3,829$2,948$2,318
23 years$7,558$5,901$4,557$3,487$2,647$2,053
24 years$7,166$5,528$4,215$3,180$2,379$1,821
25 years$6,806$5,188$3,904$2,904$2,141$1,616
26 years$6,475$4,876$3,620$2,656$1,928$1,435
27 years$6,168$4,589$3,362$2,431$1,738$1,276
28 years$5,884$4,324$3,125$2,227$1,569$1,135
29 years$5,620$4,079$2,908$2,042$1,416$1,010
30 years$5,374$3,852$2,709$1,874$1,280$900
31 years$5,144$3,642$2,526$1,721$1,157$802
32 years$4,929$3,446$2,356$1,582$1,047$715
33 years$4,728$3,263$2,200$1,455$947$637
34 years$4,539$3,093$2,056$1,339$858$569
35 years$4,361$2,934$1,922$1,232$777$507
36 years$4,193$2,784$1,798$1,135$704$453
37 years$4,035$2,645$1,683$1,046$638$404
38 years$3,885$2,513$1,576$964$578$361
39 years$3,743$2,390$1,476$889$524$322
40 years$3,609$2,274$1,384$820$476$288
41 years$3,482$2,164$1,298$756$432$257
42 years$3,361$2,061$1,217$698$392$230
43 years$3,246$1,964$1,142$644$355$205
44 years$3,137$1,872$1,072$595$323$184
45 years$3,032$1,785$1,007$549$293$164
46 years$2,933$1,703$946$507$266$147
47 years$2,838$1,625$888$469$241$131
48 years$2,747$1,551$835$433$219$117
49 years$2,661$1,482$785$400$199$105
50 years$2,578$1,415$738$370$181$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,640,000, adding $5,817 every year, while hoping to spend $36,441 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: 44/26/30 Blend
71$2,640,000$2,640,000$2,640,000$2,640,000
72$2,915,280$2,775,360$2,734,440$3,017,920
73$3,173,866$2,872,580$2,787,271$3,189,229
74$3,457,606$2,973,342$2,840,650$3,370,923
75$3,769,028$3,077,782$2,894,558$3,567,210
76$4,110,915$3,186,039$2,948,972$3,779,469
77$4,486,334$3,298,261$3,003,869$4,009,221
78$4,898,663$3,414,599$3,059,221$4,258,137
79$5,351,624$3,535,212$3,115,002$4,528,056
80$5,849,316$3,660,263$3,171,181$4,821,001
81$6,396,254$3,789,924$3,227,724$5,139,198
82$6,997,416$3,924,374$3,284,596$5,485,098
83$7,658,280$4,063,797$3,341,758$5,861,397
84$8,384,888$4,208,386$3,399,170$6,271,063
85$9,183,892$4,358,342$3,456,788$6,717,364
86$10,062,622$4,513,874$3,514,563$7,203,895
87$11,029,155$4,675,199$3,572,447$7,734,618
88$12,092,389$4,842,544$3,630,384$8,313,891
89$13,262,127$5,016,144$3,688,316$8,946,515
90$14,549,173$5,196,244$3,746,184$9,637,776
91$15,965,429$5,383,099$3,803,921$10,393,495
92$17,524,008$5,576,977$3,861,458$11,220,080
93$19,239,360$5,778,152$3,918,720$12,124,592
94$21,127,408$5,986,914$3,975,630$13,114,805
95$23,205,693$6,203,563$4,032,104$14,199,281
96$25,493,548$6,428,411$4,088,053$15,387,451
97$28,012,271$6,661,784$4,143,384$16,689,704
98$30,785,333$6,904,022$4,197,997$18,117,481
99$33,838,595$7,155,477$4,251,788$19,683,386
100$37,200,554$7,416,518$4,304,646$21,401,303