Can I retire at age 72 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$237,002$234,891$232,831$230,821$228,858$224,974
2 years$117,328$115,143$113,025$110,972$108,980$105,079
3 years$77,441$75,247$73,135$71,101$69,141$65,345
4 years$57,502$55,314$53,223$51,224$49,312$45,649
5 years$45,542$43,367$41,303$39,345$37,486$33,967
6 years$37,571$35,413$33,379$31,464$29,662$26,291
7 years$31,880$29,739$27,738$25,869$24,123$20,901
8 years$27,613$25,492$23,524$21,701$20,012$16,939
9 years$24,296$22,196$20,261$18,484$16,853$13,927
10 years$21,645$19,564$17,664$15,933$14,360$11,578
11 years$19,476$17,417$15,551$13,867$12,350$9,709
12 years$17,671$15,632$13,802$12,163$10,702$8,199
13 years$16,144$14,127$12,331$10,738$9,332$6,963
14 years$14,837$12,841$11,079$9,532$8,181$5,942
15 years$13,705$11,731$10,003$8,501$7,203$5,090
16 years$12,715$10,763$9,069$7,612$6,366$4,374
17 years$11,843$9,912$8,253$6,839$5,645$3,769
18 years$11,068$9,159$7,534$6,163$5,019$3,256
19 years$10,376$8,489$6,897$5,569$4,473$2,818
20 years$9,754$7,888$6,329$5,044$3,996$2,443
21 years$9,192$7,347$5,822$4,578$3,576$2,121
22 years$8,682$6,859$5,366$4,162$3,205$1,843
23 years$8,216$6,415$4,954$3,791$2,877$1,604
24 years$7,791$6,010$4,582$3,457$2,586$1,397
25 years$7,399$5,640$4,244$3,157$2,327$1,218
26 years$7,039$5,301$3,936$2,887$2,096$1,062
27 years$6,706$4,989$3,655$2,642$1,890$927
28 years$6,397$4,701$3,398$2,421$1,705$810
29 years$6,110$4,435$3,162$2,220$1,540$707
30 years$5,842$4,188$2,945$2,038$1,391$618
31 years$5,592$3,959$2,746$1,871$1,258$541
32 years$5,359$3,746$2,562$1,720$1,138$473
33 years$5,140$3,548$2,392$1,581$1,030$414
34 years$4,934$3,362$2,235$1,455$932$362
35 years$4,741$3,189$2,089$1,340$844$317
36 years$4,558$3,027$1,955$1,234$765$277
37 years$4,386$2,875$1,829$1,137$693$243
38 years$4,224$2,732$1,713$1,048$629$213
39 years$4,070$2,598$1,605$966$570$186
40 years$3,924$2,472$1,504$891$517$163
41 years$3,785$2,353$1,411$822$469$143
42 years$3,654$2,241$1,323$759$426$125
43 years$3,529$2,135$1,242$700$386$110
44 years$3,410$2,035$1,166$647$351$96
45 years$3,297$1,941$1,094$597$318$84
46 years$3,188$1,851$1,028$552$289$74
47 years$3,085$1,767$966$510$262$65
48 years$2,987$1,687$907$471$238$57
49 years$2,892$1,611$853$435$216$50
50 years$2,802$1,539$802$402$197$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,870,000, adding $5,639 every year, while hoping to spend $29,527 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: 64/25/11 Blend
71$2,870,000$2,870,000$2,870,000$2,870,000
72$3,168,557$3,016,447$2,971,962$3,363,178
73$3,460,333$3,132,836$3,040,106$3,610,256
74$3,780,881$3,253,939$3,109,543$3,876,065
75$4,133,104$3,379,955$3,180,286$4,165,654
76$4,520,200$3,511,093$3,252,346$4,481,334
77$4,945,695$3,647,570$3,325,733$4,825,650
78$5,413,469$3,789,615$3,400,459$5,201,399
79$5,927,801$3,937,464$3,476,533$5,611,663
80$6,493,403$4,091,366$3,553,963$6,059,831
81$7,115,467$4,251,580$3,632,757$6,549,633
82$7,799,713$4,418,375$3,712,922$7,085,177
83$8,552,443$4,592,035$3,794,465$7,670,981
84$9,380,603$4,772,856$3,877,390$8,312,023
85$10,291,843$4,961,144$3,961,701$9,013,779
86$11,294,594$5,157,223$4,047,401$9,782,280
87$12,398,144$5,361,428$4,134,491$10,624,166
88$13,612,728$5,574,112$4,222,970$11,546,747
89$14,949,625$5,795,642$4,312,837$12,558,074
90$16,421,259$6,026,401$4,404,090$13,667,011
91$18,041,324$6,266,791$4,496,723$14,883,320
92$19,824,905$6,517,230$4,590,730$16,217,749
93$21,788,628$6,778,157$4,686,102$17,682,139
94$23,950,810$7,050,029$4,782,829$19,289,527
95$26,331,637$7,333,325$4,880,898$21,054,275
96$28,953,351$7,628,544$4,980,294$22,992,197
97$31,840,459$7,936,210$5,081,001$25,120,715
98$35,019,970$8,256,867$5,182,998$27,459,017
99$38,521,642$8,591,089$5,286,264$30,028,240
100$42,378,267$8,939,470$5,390,772$32,851,665