Can I retire at age 72 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$219,660$217,704$215,795$213,932$212,112$205,405
2 years$108,743$106,717$104,755$102,852$101,006$94,309
3 years$71,775$69,741$67,783$65,898$64,082$57,606
4 years$53,295$51,267$49,329$47,476$45,704$39,498
5 years$42,210$40,194$38,281$36,466$34,743$28,824
6 years$34,822$32,821$30,937$29,162$27,491$21,864
7 years$29,547$27,563$25,709$23,976$22,358$17,022
8 years$25,593$23,627$21,803$20,113$18,548$13,501
9 years$22,519$20,571$18,779$17,132$15,620$10,855
10 years$20,061$18,133$16,372$14,768$13,309$8,819
11 years$18,051$16,143$14,414$12,852$11,446$7,223
12 years$16,378$14,489$12,792$11,273$9,919$5,954
13 years$14,963$13,094$11,429$9,952$8,650$4,933
14 years$13,751$11,902$10,269$8,835$7,582$4,104
15 years$12,702$10,872$9,271$7,879$6,676$3,426
16 years$11,785$9,975$8,406$7,055$5,900$2,867
17 years$10,976$9,187$7,649$6,339$5,232$2,406
18 years$10,259$8,489$6,982$5,712$4,652$2,022
19 years$9,617$7,868$6,392$5,162$4,146$1,702
20 years$9,040$7,311$5,866$4,675$3,703$1,435
21 years$8,519$6,810$5,396$4,243$3,314$1,211
22 years$8,046$6,357$4,973$3,858$2,971$1,023
23 years$7,615$5,945$4,592$3,513$2,667$865
24 years$7,220$5,570$4,247$3,204$2,397$731
25 years$6,858$5,227$3,933$2,926$2,157$619
26 years$6,524$4,913$3,648$2,676$1,943$524
27 years$6,215$4,624$3,387$2,449$1,752$444
28 years$5,929$4,357$3,149$2,244$1,580$376
29 years$5,662$4,110$2,930$2,058$1,427$319
30 years$5,415$3,882$2,730$1,888$1,289$270
31 years$5,183$3,669$2,545$1,734$1,166$229
32 years$4,967$3,472$2,374$1,594$1,055$194
33 years$4,764$3,288$2,217$1,466$954$165
34 years$4,573$3,116$2,071$1,349$864$140
35 years$4,394$2,956$1,937$1,242$783$119
36 years$4,225$2,806$1,812$1,143$709$101
37 years$4,065$2,665$1,696$1,053$643$85
38 years$3,914$2,532$1,588$971$583$73
39 years$3,772$2,408$1,488$895$528$62
40 years$3,637$2,291$1,394$826$479$52
41 years$3,508$2,181$1,307$762$435$44
42 years$3,387$2,077$1,226$703$395$38
43 years$3,271$1,979$1,151$649$358$32
44 years$3,160$1,886$1,080$599$325$27
45 years$3,055$1,799$1,014$554$295$23
46 years$2,955$1,716$953$511$268$20
47 years$2,860$1,638$895$472$243$17
48 years$2,768$1,563$841$436$221$14
49 years$2,681$1,493$791$403$201$12
50 years$2,597$1,426$743$373$182$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,660,000, adding $2,615 every year, while hoping to spend $27,535 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: 38/39/23 Blend
71$2,660,000$2,660,000$2,660,000$2,660,000
72$2,934,017$2,793,037$2,751,807$3,025,250
73$3,203,990$2,900,599$2,814,696$3,199,355
74$3,500,577$3,012,509$2,878,768$3,384,628
75$3,826,464$3,128,950$2,944,035$3,584,311
76$4,184,610$3,250,115$3,010,507$3,799,723
77$4,578,274$3,376,204$3,078,192$4,032,313
78$5,011,046$3,507,426$3,147,100$4,283,674
79$5,486,884$3,644,001$3,217,239$4,555,553
80$6,010,146$3,786,157$3,288,616$4,849,871
81$6,585,633$3,934,131$3,361,238$5,168,737
82$7,218,638$4,088,174$3,435,109$5,514,472
83$7,914,989$4,248,544$3,510,235$5,889,623
84$8,681,110$4,415,515$3,586,620$6,296,992
85$9,524,076$4,589,368$3,664,265$6,739,660
86$10,451,687$4,770,402$3,743,173$7,221,014
87$11,472,532$4,958,925$3,823,343$7,744,777
88$12,596,079$5,155,262$3,904,773$8,315,047
89$13,832,759$5,359,749$3,987,463$8,936,328
90$15,194,064$5,572,740$4,071,406$9,613,578
91$16,692,658$5,794,604$4,156,598$10,352,250
92$18,342,497$6,025,727$4,243,032$11,158,342
93$20,158,955$6,266,511$4,330,697$12,038,457
94$22,158,976$6,517,378$4,419,583$12,999,859
95$24,361,229$6,778,767$4,509,676$14,050,543
96$26,786,286$7,051,139$4,600,962$15,199,309
97$29,456,816$7,334,973$4,693,423$16,455,841
98$32,397,797$7,630,772$4,787,038$17,830,801
99$35,636,754$7,939,062$4,881,786$19,335,925
100$39,204,018$8,260,391$4,977,641$20,984,132