Can I retire at age 72 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$226,267$224,251$222,285$220,366$218,491$215,761
2 years$112,013$109,927$107,905$105,945$104,044$101,296
3 years$73,934$71,839$69,822$67,880$66,010$63,331
4 years$54,898$52,809$50,812$48,904$47,079$44,489
5 years$43,479$41,403$39,433$37,563$35,788$33,295
6 years$35,869$33,809$31,867$30,039$28,318$25,924
7 years$30,436$28,392$26,482$24,697$23,030$20,737
8 years$26,362$24,337$22,459$20,718$19,106$16,913
9 years$23,196$21,190$19,344$17,647$16,090$13,996
10 years$20,664$18,678$16,864$15,212$13,709$11,714
11 years$18,594$16,628$14,847$13,239$11,790$9,891
12 years$16,870$14,924$13,176$11,612$10,217$8,412
13 years$15,413$13,487$11,772$10,252$8,910$7,196
14 years$14,165$12,260$10,577$9,100$7,810$6,185
15 years$13,084$11,199$9,550$8,116$6,877$5,338
16 years$12,139$10,275$8,658$7,267$6,078$4,623
17 years$11,307$9,463$7,879$6,529$5,389$4,015
18 years$10,567$8,744$7,192$5,884$4,792$3,496
19 years$9,906$8,104$6,584$5,317$4,271$3,050
20 years$9,312$7,531$6,043$4,815$3,815$2,665
21 years$8,776$7,015$5,558$4,370$3,414$2,333
22 years$8,288$6,548$5,123$3,974$3,060$2,045
23 years$7,844$6,124$4,730$3,619$2,747$1,795
24 years$7,438$5,738$4,374$3,301$2,469$1,577
25 years$7,064$5,385$4,052$3,014$2,222$1,386
26 years$6,720$5,061$3,758$2,756$2,001$1,220
27 years$6,402$4,763$3,489$2,523$1,804$1,074
28 years$6,107$4,488$3,244$2,311$1,628$947
29 years$5,833$4,234$3,019$2,120$1,470$834
30 years$5,577$3,998$2,812$1,945$1,328$736
31 years$5,339$3,780$2,621$1,787$1,201$649
32 years$5,116$3,576$2,446$1,642$1,086$573
33 years$4,907$3,387$2,284$1,510$983$506
34 years$4,711$3,210$2,134$1,389$890$447
35 years$4,526$3,045$1,995$1,279$806$395
36 years$4,352$2,890$1,866$1,178$730$349
37 years$4,187$2,745$1,747$1,085$662$308
38 years$4,032$2,608$1,636$1,000$600$272
39 years$3,885$2,480$1,532$922$544$241
40 years$3,746$2,360$1,436$851$494$213
41 years$3,614$2,246$1,347$785$448$188
42 years$3,488$2,139$1,263$724$406$166
43 years$3,369$2,038$1,185$669$369$147
44 years$3,256$1,943$1,113$617$335$130
45 years$3,147$1,853$1,045$570$304$115
46 years$3,044$1,768$981$527$276$102
47 years$2,946$1,687$922$487$251$90
48 years$2,851$1,610$866$450$228$80
49 years$2,761$1,538$814$416$207$70
50 years$2,675$1,469$766$384$188$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,740,000, adding $4,336 every year, while hoping to spend $37,786 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: 86/7/7 Blend
71$2,740,000$2,740,000$2,740,000$2,740,000
72$3,023,953$2,878,733$2,836,263$3,282,017
73$3,292,192$2,979,586$2,891,073$3,551,781
74$3,586,525$3,084,116$2,946,454$3,842,526
75$3,909,574$3,192,461$3,002,383$4,160,810
76$4,264,226$3,304,767$3,058,839$4,509,378
77$4,653,663$3,421,186$3,115,796$4,891,255
78$5,081,389$3,541,877$3,173,227$5,309,770
79$5,551,264$3,667,002$3,231,104$5,768,593
80$6,067,540$3,796,733$3,289,394$6,271,765
81$6,634,904$3,931,247$3,348,063$6,823,735
82$7,258,515$4,070,730$3,407,074$7,429,408
83$7,944,061$4,215,373$3,466,388$8,094,182
84$8,697,805$4,365,376$3,525,962$8,824,007
85$9,526,650$4,520,948$3,585,751$9,625,435
86$10,438,200$4,682,306$3,645,705$10,505,687
87$11,440,833$4,849,676$3,705,772$11,472,715
88$12,543,779$5,023,291$3,765,897$12,535,280
89$13,757,209$5,203,397$3,826,019$13,703,035
90$15,092,329$5,390,248$3,886,075$14,986,614
91$16,561,485$5,584,108$3,945,997$16,397,734
92$18,178,282$5,785,255$4,005,714$17,949,302
93$19,957,710$5,993,975$4,065,148$19,655,541
94$21,916,284$6,210,568$4,124,218$21,532,119
95$24,072,203$6,435,345$4,182,838$23,596,300
96$26,445,521$6,668,630$4,240,916$25,867,107
97$29,058,333$6,910,761$4,298,356$28,365,498
98$31,934,986$7,162,091$4,355,054$31,114,566
99$35,102,308$7,422,987$4,410,901$34,139,754
100$38,589,859$7,693,830$4,465,783$37,469,101