Can I retire at age 72 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$231,221$229,162$227,152$225,191$223,276$216,911
2 years$114,466$112,334$110,268$108,265$106,322$99,959
3 years$75,553$73,412$71,351$69,366$67,455$61,293
4 years$56,100$53,965$51,925$49,975$48,109$42,196
5 years$44,431$42,309$40,296$38,385$36,572$30,924
6 years$36,655$34,549$32,565$30,697$28,938$23,560
7 years$31,102$29,014$27,062$25,238$23,535$18,426
8 years$26,940$24,870$22,951$21,171$19,524$14,683
9 years$23,704$21,654$19,767$18,033$16,442$11,863
10 years$21,117$19,087$17,234$15,545$14,010$9,687
11 years$19,001$16,992$15,172$13,529$12,049$7,975
12 years$17,240$15,251$13,465$11,866$10,441$6,608
13 years$15,750$13,783$12,030$10,476$9,105$5,505
14 years$14,475$12,528$10,809$9,300$7,981$4,605
15 years$13,370$11,445$9,759$8,294$7,027$3,866
16 years$12,405$10,500$8,848$7,426$6,211$3,255
17 years$11,554$9,670$8,051$6,672$5,507$2,746
18 years$10,799$8,936$7,350$6,013$4,896$2,322
19 years$10,123$8,282$6,728$5,433$4,364$1,967
20 years$9,516$7,696$6,175$4,921$3,898$1,668
21 years$8,968$7,168$5,680$4,466$3,489$1,416
22 years$8,470$6,691$5,235$4,061$3,127$1,204
23 years$8,016$6,258$4,833$3,698$2,807$1,024
24 years$7,601$5,864$4,470$3,373$2,523$872
25 years$7,219$5,503$4,140$3,080$2,270$743
26 years$6,867$5,172$3,840$2,816$2,045$633
27 years$6,542$4,867$3,566$2,578$1,844$540
28 years$6,241$4,586$3,315$2,362$1,664$460
29 years$5,961$4,327$3,085$2,166$1,502$393
30 years$5,700$4,086$2,873$1,988$1,357$335
31 years$5,456$3,863$2,679$1,826$1,227$286
32 years$5,228$3,655$2,499$1,678$1,110$244
33 years$5,014$3,461$2,334$1,543$1,005$208
34 years$4,814$3,280$2,180$1,420$910$178
35 years$4,625$3,111$2,038$1,307$824$152
36 years$4,447$2,953$1,907$1,204$746$130
37 years$4,279$2,805$1,785$1,109$677$111
38 years$4,120$2,666$1,671$1,022$613$95
39 years$3,970$2,535$1,566$942$556$81
40 years$3,828$2,412$1,468$869$504$69
41 years$3,693$2,296$1,376$802$458$59
42 years$3,565$2,186$1,291$740$415$51
43 years$3,443$2,083$1,211$683$377$43
44 years$3,327$1,986$1,137$631$342$37
45 years$3,216$1,893$1,068$583$311$32
46 years$3,111$1,806$1,003$538$282$27
47 years$3,010$1,724$942$497$256$23
48 years$2,914$1,646$885$459$233$20
49 years$2,822$1,571$832$425$211$17
50 years$2,734$1,501$782$392$192$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,800,000, adding $5,159 every year, while hoping to spend $28,627 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: 48/28/24 Blend
71$2,800,000$2,800,000$2,800,000$2,800,000
72$3,090,922$2,942,522$2,899,122$3,217,973
73$3,375,737$3,056,246$2,965,783$3,421,097
74$3,688,643$3,174,584$3,033,719$3,638,289
75$4,032,477$3,297,730$3,102,940$3,873,574
76$4,410,361$3,425,890$3,173,460$4,128,666
77$4,825,736$3,559,277$3,245,289$4,405,452
78$5,282,393$3,698,114$3,318,438$4,706,005
79$5,784,508$3,842,633$3,392,917$5,032,605
80$6,336,684$3,993,077$3,468,736$5,387,760
81$6,943,989$4,149,702$3,545,902$5,774,229
82$7,612,010$4,312,771$3,624,424$6,195,046
83$8,346,901$4,482,563$3,704,308$6,653,549
84$9,155,442$4,659,366$3,785,559$7,153,412
85$10,045,105$4,843,483$3,868,183$7,698,676
86$11,024,122$5,035,229$3,952,183$8,293,790
87$12,101,562$5,234,935$4,037,561$8,943,650
88$13,287,420$5,442,946$4,124,318$9,653,642
89$14,592,708$5,659,621$4,212,454$10,429,698
90$16,029,559$5,885,338$4,301,966$11,278,346
91$17,611,344$6,120,489$4,392,852$12,206,774
92$19,352,794$6,365,486$4,485,105$13,222,893
93$21,270,142$6,620,758$4,578,719$14,335,414
94$23,381,276$6,886,754$4,673,685$15,553,929
95$25,705,905$7,163,944$4,769,993$16,888,999
96$28,265,747$7,452,817$4,867,628$18,352,254
97$31,084,736$7,753,888$4,966,576$19,956,498
98$34,189,242$8,067,692$5,066,819$21,715,835
99$37,608,325$8,394,788$5,168,338$23,645,795
100$41,374,004$8,735,763$5,271,107$25,763,484