Can I retire at age 72 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$233,699$231,617$229,586$227,604$225,668$220,213
2 years$115,692$113,538$111,450$109,425$107,461$101,998
3 years$76,362$74,198$72,115$70,110$68,178$62,877
4 years$56,701$54,544$52,481$50,510$48,625$43,528
5 years$44,907$42,763$40,728$38,797$36,964$32,084
6 years$37,047$34,919$32,914$31,026$29,248$24,591
7 years$31,435$29,325$27,352$25,508$23,787$19,353
8 years$27,228$25,137$23,196$21,398$19,733$15,521
9 years$23,958$21,886$19,979$18,226$16,618$12,624
10 years$21,343$19,292$17,418$15,711$14,160$10,379
11 years$19,205$17,174$15,335$13,674$12,178$8,605
12 years$17,424$15,415$13,609$11,994$10,553$7,182
13 years$15,919$13,930$12,159$10,589$9,202$6,027
14 years$14,630$12,662$10,925$9,399$8,067$5,081
15 years$13,514$11,567$9,864$8,383$7,103$4,298
16 years$12,538$10,613$8,943$7,506$6,277$3,647
17 years$11,678$9,774$8,138$6,744$5,566$3,102
18 years$10,914$9,032$7,429$6,077$4,949$2,645
19 years$10,232$8,370$6,801$5,492$4,411$2,258
20 years$9,618$7,778$6,241$4,974$3,940$1,931
21 years$9,064$7,245$5,741$4,514$3,526$1,654
22 years$8,561$6,763$5,291$4,104$3,160$1,418
23 years$8,102$6,325$4,885$3,738$2,837$1,217
24 years$7,682$5,926$4,518$3,409$2,550$1,045
25 years$7,296$5,562$4,185$3,113$2,295$898
26 years$6,941$5,227$3,881$2,847$2,067$772
27 years$6,612$4,919$3,604$2,606$1,863$664
28 years$6,307$4,635$3,350$2,387$1,681$571
29 years$6,024$4,373$3,118$2,189$1,518$492
30 years$5,761$4,130$2,904$2,009$1,372$424
31 years$5,514$3,904$2,707$1,845$1,240$365
32 years$5,284$3,694$2,526$1,696$1,122$314
33 years$5,068$3,498$2,359$1,559$1,015$271
34 years$4,865$3,316$2,204$1,435$919$234
35 years$4,674$3,145$2,060$1,321$833$201
36 years$4,495$2,985$1,927$1,216$754$174
37 years$4,325$2,835$1,804$1,121$684$150
38 years$4,165$2,694$1,689$1,033$620$129
39 years$4,013$2,562$1,583$953$562$111
40 years$3,869$2,437$1,483$879$510$96
41 years$3,733$2,320$1,391$811$463$83
42 years$3,603$2,210$1,305$748$420$71
43 years$3,480$2,105$1,224$691$381$62
44 years$3,362$2,007$1,149$638$346$53
45 years$3,251$1,914$1,079$589$314$46
46 years$3,144$1,826$1,014$544$285$40
47 years$3,042$1,742$952$503$259$34
48 years$2,945$1,663$895$464$235$29
49 years$2,852$1,588$841$429$213$25
50 years$2,763$1,517$791$397$194$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,830,000, adding $6,056 every year, while hoping to spend $34,027 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: 50/36/14 Blend
71$2,830,000$2,830,000$2,830,000$2,830,000
72$3,124,907$2,974,917$2,931,052$3,268,907
73$3,407,443$3,084,483$2,993,038$3,478,043
74$3,717,657$3,198,278$3,055,959$3,701,132
75$4,058,337$3,316,472$3,119,813$3,942,807
76$4,432,552$3,439,245$3,184,592$4,204,825
77$4,843,686$3,566,781$3,250,289$4,489,120
78$5,295,465$3,699,276$3,316,897$4,797,818
79$5,791,993$3,836,932$3,384,403$5,133,254
80$6,337,794$3,979,959$3,452,798$5,498,000
81$6,937,849$4,128,577$3,522,067$5,894,881
82$7,597,648$4,283,016$3,592,195$6,327,007
83$8,323,239$4,443,514$3,663,164$6,797,797
84$9,121,286$4,610,322$3,734,956$7,311,016
85$9,999,129$4,783,700$3,807,549$7,870,803
86$10,964,857$4,963,918$3,880,919$8,481,714
87$12,027,383$5,151,261$3,955,040$9,148,763
88$13,196,525$5,346,022$4,029,884$9,877,469
89$14,483,105$5,548,511$4,105,419$10,673,904
90$15,899,042$5,759,049$4,181,611$11,544,755
91$17,457,473$5,977,971$4,258,424$12,497,380
92$19,172,871$6,205,627$4,335,816$13,539,880
93$21,061,183$6,442,382$4,413,746$14,681,175
94$23,139,983$6,688,618$4,492,165$15,931,084
95$25,428,633$6,944,732$4,571,024$17,300,419
96$27,948,468$7,211,139$4,650,269$18,801,086
97$30,723,000$7,488,273$4,729,841$20,446,194
98$33,778,133$7,776,585$4,809,678$22,250,178
99$37,142,414$8,076,549$4,889,713$24,228,937
100$40,847,297$8,388,657$4,969,875$26,399,978