Can I retire at age 72 with 2,760,000?

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 $2,760,000?

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%
1 years$227,918$225,888$223,907$221,974$220,086$217,246
2 years$112,831$110,729$108,693$106,718$104,803$101,946
3 years$74,473$72,363$70,331$68,375$66,491$63,706
4 years$55,298$53,194$51,183$49,261$47,422$44,729
5 years$43,796$41,705$39,720$37,837$36,050$33,458
6 years$36,131$34,055$32,100$30,258$28,525$26,037
7 years$30,658$28,600$26,675$24,877$23,198$20,815
8 years$26,555$24,515$22,623$20,869$19,245$16,967
9 years$23,365$21,345$19,485$17,776$16,207$14,033
10 years$20,815$18,814$16,987$15,323$13,809$11,737
11 years$18,730$16,749$14,955$13,335$11,877$9,904
12 years$16,993$15,033$13,273$11,697$10,292$8,418
13 years$15,525$13,586$11,858$10,327$8,975$7,196
14 years$14,268$12,349$10,655$9,167$7,867$6,182
15 years$13,179$11,281$9,620$8,175$6,927$5,332
16 years$12,228$10,350$8,722$7,320$6,122$4,614
17 years$11,389$9,532$7,936$6,577$5,428$4,004
18 years$10,644$8,808$7,245$5,927$4,827$3,484
19 years$9,979$8,163$6,632$5,356$4,302$3,037
20 years$9,380$7,586$6,087$4,851$3,843$2,653
21 years$8,840$7,066$5,599$4,402$3,439$2,320
22 years$8,349$6,596$5,160$4,003$3,082$2,032
23 years$7,901$6,169$4,764$3,645$2,767$1,782
24 years$7,492$5,780$4,406$3,325$2,487$1,564
25 years$7,116$5,424$4,081$3,036$2,238$1,374
26 years$6,769$5,098$3,785$2,776$2,016$1,209
27 years$6,449$4,798$3,515$2,541$1,817$1,063
28 years$6,151$4,521$3,267$2,328$1,640$936
29 years$5,875$4,265$3,041$2,135$1,481$825
30 years$5,618$4,028$2,832$1,959$1,338$727
31 years$5,378$3,807$2,640$1,800$1,210$641
32 years$5,153$3,603$2,464$1,654$1,094$565
33 years$4,943$3,412$2,300$1,521$990$498
34 years$4,745$3,234$2,149$1,399$897$440
35 years$4,559$3,067$2,009$1,288$812$388
36 years$4,384$2,911$1,880$1,186$736$343
37 years$4,218$2,765$1,759$1,093$667$302
38 years$4,062$2,628$1,648$1,008$605$267
39 years$3,914$2,499$1,544$929$548$236
40 years$3,773$2,377$1,447$857$497$208
41 years$3,640$2,263$1,357$791$451$184
42 years$3,514$2,155$1,273$730$409$163
43 years$3,394$2,053$1,194$673$372$144
44 years$3,279$1,957$1,121$622$337$127
45 years$3,170$1,866$1,052$574$306$112
46 years$3,066$1,780$989$530$278$99
47 years$2,967$1,699$929$490$252$88
48 years$2,872$1,622$873$453$229$77
49 years$2,782$1,549$820$419$208$68
50 years$2,695$1,480$771$387$189$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,760,000, adding $2,383 every year, while hoping to spend $51,715 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: 43/45/12 Blend
71$2,760,000$2,760,000$2,760,000$2,760,000
72$3,043,978$2,897,698$2,854,918$3,164,173
73$3,299,439$2,984,661$2,895,533$3,335,333
74$3,579,225$3,074,152$2,935,776$3,515,269
75$3,885,760$3,166,240$2,975,579$3,709,055
76$4,221,718$3,260,996$3,014,871$3,917,984
77$4,590,041$3,358,493$3,053,578$4,143,474
78$4,993,971$3,458,805$3,091,618$4,387,088
79$5,437,078$3,562,008$3,128,909$4,650,542
80$5,923,294$3,668,180$3,165,362$4,935,726
81$6,456,951$3,777,402$3,200,882$5,244,718
82$7,042,819$3,889,754$3,235,371$5,579,806
83$7,686,154$4,005,319$3,268,724$5,943,506
84$8,392,747$4,124,184$3,300,830$6,338,589
85$9,168,973$4,246,436$3,331,575$6,768,104
86$10,021,860$4,372,163$3,360,834$7,235,407
87$10,959,147$4,501,456$3,388,480$7,744,193
88$11,989,362$4,634,410$3,414,376$8,298,530
89$13,121,899$4,771,118$3,438,379$8,902,897
90$14,367,108$4,911,678$3,460,340$9,562,226
91$15,736,392$5,056,188$3,480,100$10,281,947
92$17,242,313$5,204,751$3,497,493$11,068,041
93$18,898,714$5,357,469$3,512,344$11,927,093
94$20,720,845$5,514,447$3,524,469$12,866,359
95$22,725,508$5,675,792$3,533,676$13,893,826
96$24,931,219$5,841,614$3,539,763$15,018,295
97$27,358,374$6,012,025$3,542,516$16,249,458
98$30,029,451$6,187,136$3,541,713$17,597,992
99$32,969,214$6,367,065$3,537,119$19,075,657
100$36,204,951$6,551,928$3,528,490$20,695,409