Can I retire at age 72 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$236,176$234,072$232,020$230,017$228,060$225,491
2 years$116,919$114,741$112,631$110,585$108,600$106,014
3 years$77,172$74,985$72,880$70,853$68,900$66,377
4 years$57,302$55,122$53,038$51,045$49,140$46,699
5 years$45,383$43,216$41,159$39,208$37,356$35,004
6 years$37,440$35,289$33,263$31,355$29,558$27,300
7 years$31,769$29,636$27,642$25,779$24,039$21,873
8 years$27,517$25,403$23,442$21,625$19,943$17,870
9 years$24,212$22,118$20,191$18,420$16,794$14,815
10 years$21,569$19,496$17,603$15,878$14,310$12,421
11 years$19,408$17,356$15,497$13,819$12,307$10,508
12 years$17,609$15,578$13,753$12,121$10,665$8,954
13 years$16,088$14,078$12,288$10,701$9,300$7,674
14 years$14,785$12,796$11,041$9,499$8,152$6,610
15 years$13,657$11,690$9,968$8,471$7,178$5,716
16 years$12,671$10,725$9,038$7,585$6,344$4,961
17 years$11,802$9,878$8,224$6,815$5,625$4,317
18 years$11,030$9,127$7,507$6,142$5,001$3,767
19 years$10,340$8,459$6,873$5,550$4,458$3,293
20 years$9,720$7,861$6,307$5,026$3,982$2,885
21 years$9,160$7,322$5,802$4,562$3,563$2,531
22 years$8,651$6,835$5,347$4,148$3,194$2,224
23 years$8,188$6,392$4,937$3,777$2,867$1,956
24 years$7,763$5,989$4,566$3,445$2,577$1,722
25 years$7,374$5,621$4,229$3,146$2,319$1,518
26 years$7,014$5,282$3,922$2,877$2,089$1,339
27 years$6,682$4,971$3,642$2,633$1,883$1,182
28 years$6,374$4,684$3,386$2,413$1,699$1,044
29 years$6,088$4,419$3,151$2,212$1,534$922
30 years$5,822$4,174$2,935$2,030$1,386$815
31 years$5,573$3,945$2,736$1,865$1,253$721
32 years$5,340$3,733$2,553$1,714$1,134$638
33 years$5,122$3,535$2,384$1,576$1,026$565
34 years$4,917$3,351$2,227$1,450$929$500
35 years$4,724$3,178$2,082$1,335$841$443
36 years$4,542$3,016$1,948$1,229$762$392
37 years$4,371$2,865$1,823$1,133$691$348
38 years$4,209$2,723$1,707$1,044$626$308
39 years$4,055$2,589$1,599$963$568$273
40 years$3,910$2,463$1,499$888$515$242
41 years$3,772$2,345$1,406$819$467$214
42 years$3,641$2,233$1,319$756$424$190
43 years$3,517$2,128$1,237$698$385$169
44 years$3,398$2,028$1,162$644$349$149
45 years$3,285$1,934$1,091$595$317$133
46 years$3,177$1,845$1,024$550$288$118
47 years$3,075$1,761$962$508$262$104
48 years$2,976$1,681$904$469$238$92
49 years$2,882$1,605$850$434$216$82
50 years$2,792$1,533$799$401$196$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,860,000, adding $2,394 every year, while hoping to spend $35,600 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: 69/26/5 Blend
71$2,860,000$2,860,000$2,860,000$2,860,000
72$3,154,189$3,002,609$2,958,279$3,369,974
73$3,438,039$3,111,859$3,019,504$3,622,189
74$3,749,647$3,225,269$3,081,586$3,893,371
75$4,091,809$3,343,005$3,144,517$4,189,011
76$4,467,602$3,465,241$3,208,287$4,511,498
77$4,880,417$3,592,157$3,272,883$4,863,458
78$5,333,987$3,723,940$3,338,293$5,247,782
79$5,832,429$3,860,788$3,404,501$5,667,650
80$6,380,274$4,002,905$3,471,489$6,126,565
81$6,982,518$4,150,502$3,539,239$6,628,381
82$7,644,660$4,303,803$3,607,730$7,177,342
83$8,372,765$4,463,038$3,676,938$7,778,117
84$9,173,508$4,628,449$3,746,837$8,435,851
85$10,054,250$4,800,286$3,817,399$9,156,205
86$11,023,096$4,978,813$3,888,594$9,945,413
87$12,088,978$5,164,301$3,960,389$10,810,340
88$13,261,738$5,357,037$4,032,747$11,758,545
89$14,552,221$5,557,316$4,105,629$12,798,354
90$15,972,372$5,765,450$4,178,992$13,938,932
91$17,535,358$5,981,760$4,252,792$15,190,377
92$19,255,683$6,206,585$4,326,979$16,563,807
93$21,149,330$6,440,275$4,401,500$18,071,468
94$23,233,910$6,683,198$4,476,299$19,726,849
95$25,528,829$6,935,735$4,551,316$21,544,807
96$28,055,470$7,198,285$4,626,485$23,541,707
97$30,837,393$7,471,266$4,701,737$25,735,573
98$33,900,560$7,755,111$4,776,998$28,146,262
99$37,273,579$8,050,274$4,852,190$30,795,647
100$40,987,974$8,357,228$4,927,228$33,707,821