Can I retire at age 72 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$229,570$227,525$225,530$223,583$221,681$215,189
2 years$113,648$111,532$109,481$107,492$105,562$99,074
3 years$75,013$72,887$70,841$68,871$66,973$60,692
4 years$55,699$53,580$51,554$49,618$47,766$41,740
5 years$44,114$42,007$40,008$38,111$36,311$30,557
6 years$36,393$34,302$32,333$30,478$28,732$23,255
7 years$30,880$28,807$26,869$25,057$23,366$18,167
8 years$26,747$24,693$22,787$21,020$19,385$14,459
9 years$23,534$21,500$19,626$17,904$16,325$11,668
10 years$20,966$18,951$17,110$15,434$13,909$9,516
11 years$18,866$16,871$15,064$13,432$11,963$7,824
12 years$17,117$15,142$13,369$11,782$10,367$6,475
13 years$15,638$13,684$11,944$10,401$9,040$5,386
14 years$14,372$12,439$10,732$9,233$7,924$4,500
15 years$13,275$11,363$9,689$8,234$6,977$3,772
16 years$12,316$10,425$8,785$7,373$6,166$3,171
17 years$11,472$9,601$7,994$6,625$5,468$2,672
18 years$10,721$8,872$7,297$5,970$4,862$2,256
19 years$10,051$8,222$6,680$5,395$4,333$1,908
20 years$9,448$7,641$6,131$4,886$3,870$1,616
21 years$8,904$7,117$5,639$4,434$3,464$1,370
22 years$8,409$6,643$5,197$4,032$3,105$1,162
23 years$7,959$6,213$4,799$3,672$2,787$987
24 years$7,546$5,822$4,438$3,349$2,505$839
25 years$7,167$5,463$4,111$3,058$2,254$714
26 years$6,818$5,135$3,812$2,796$2,030$607
27 years$6,495$4,832$3,540$2,560$1,831$517
28 years$6,196$4,553$3,291$2,345$1,652$440
29 years$5,918$4,296$3,063$2,151$1,491$375
30 years$5,659$4,057$2,853$1,974$1,348$319
31 years$5,417$3,835$2,659$1,813$1,218$272
32 years$5,191$3,629$2,481$1,666$1,102$232
33 years$4,979$3,436$2,317$1,532$997$198
34 years$4,779$3,257$2,165$1,409$903$169
35 years$4,592$3,089$2,024$1,298$818$144
36 years$4,415$2,932$1,893$1,195$741$123
37 years$4,249$2,785$1,772$1,101$672$105
38 years$4,091$2,647$1,659$1,015$609$89
39 years$3,942$2,517$1,555$936$552$76
40 years$3,801$2,394$1,457$863$501$65
41 years$3,667$2,279$1,366$796$454$55
42 years$3,539$2,171$1,282$735$412$47
43 years$3,418$2,068$1,203$678$374$40
44 years$3,303$1,971$1,129$626$340$34
45 years$3,193$1,880$1,060$578$308$29
46 years$3,088$1,793$996$534$280$25
47 years$2,989$1,711$935$494$254$21
48 years$2,893$1,634$879$456$231$18
49 years$2,802$1,560$826$422$210$16
50 years$2,714$1,490$777$390$190$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,780,000, adding $3,910 every year, while hoping to spend $31,931 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: 86/9/5 Blend
71$2,780,000$2,780,000$2,780,000$2,780,000
72$3,067,593$2,920,253$2,877,163$3,331,220
73$3,346,513$3,029,371$2,939,574$3,612,650
74$3,652,813$3,142,766$3,003,005$3,917,020
75$3,989,252$3,260,613$3,067,457$4,250,430
76$4,358,868$3,383,096$3,132,930$4,615,777
77$4,765,011$3,510,406$3,199,421$5,016,252
78$5,211,369$3,642,743$3,266,929$5,455,370
79$5,702,006$3,780,314$3,335,448$5,937,002
80$6,241,398$3,923,338$3,404,974$6,465,412
81$6,834,479$4,072,039$3,475,499$7,045,295
82$7,486,683$4,226,656$3,547,015$7,681,823
83$8,203,997$4,387,434$3,619,512$8,380,694
84$8,993,017$4,554,631$3,692,978$9,148,182
85$9,861,012$4,728,516$3,767,400$9,991,202
86$10,815,990$4,909,368$3,842,763$10,917,368
87$11,866,774$5,097,480$3,919,048$11,935,069
88$13,023,086$5,293,157$3,996,237$13,053,547
89$14,295,638$5,496,719$4,074,308$14,282,982
90$15,696,232$5,708,497$4,153,237$15,634,590
91$17,237,874$5,928,839$4,232,996$17,120,729
92$18,934,892$6,158,108$4,313,557$18,755,011
93$20,803,078$6,396,682$4,394,887$20,552,435
94$22,859,828$6,644,956$4,476,953$22,529,526
95$25,124,315$6,903,342$4,559,714$24,704,488
96$27,617,661$7,172,272$4,643,131$27,097,382
97$30,363,145$7,452,196$4,727,158$29,730,306
98$33,386,415$7,743,583$4,811,748$32,627,612
99$36,715,736$8,046,925$4,896,847$35,816,130
100$40,382,250$8,362,733$4,982,401$39,325,420