Can I retire at age 72 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$237,828$235,709$233,642$231,625$229,655$223,469
2 years$117,736$115,544$113,419$111,358$109,360$103,171
3 years$77,711$75,509$73,389$71,348$69,382$63,385
4 years$57,703$55,507$53,409$51,402$49,484$43,725
5 years$45,701$43,518$41,447$39,482$37,617$32,111
6 years$37,702$35,536$33,496$31,574$29,765$24,518
7 years$31,991$29,843$27,835$25,959$24,207$19,219
8 years$27,709$25,581$23,606$21,776$20,082$15,351
9 years$24,381$22,273$20,332$18,548$16,912$12,433
10 years$21,720$19,632$17,726$15,989$14,410$10,177
11 years$19,544$17,478$15,606$13,915$12,393$8,400
12 years$17,732$15,687$13,850$12,205$10,739$6,979
13 years$16,200$14,176$12,374$10,776$9,365$5,830
14 years$14,888$12,886$11,118$9,565$8,209$4,890
15 years$13,752$11,772$10,038$8,531$7,228$4,117
16 years$12,759$10,800$9,101$7,638$6,388$3,476
17 years$11,884$9,947$8,281$6,863$5,664$2,942
18 years$11,107$9,191$7,560$6,185$5,036$2,495
19 years$10,413$8,518$6,921$5,589$4,489$2,119
20 years$9,788$7,916$6,351$5,062$4,010$1,803
21 years$9,224$7,373$5,842$4,594$3,588$1,536
22 years$8,712$6,882$5,384$4,177$3,216$1,309
23 years$8,245$6,437$4,972$3,804$2,887$1,117
24 years$7,818$6,031$4,598$3,469$2,595$954
25 years$7,425$5,660$4,259$3,168$2,335$815
26 years$7,063$5,319$3,950$2,897$2,103$697
27 years$6,729$5,006$3,668$2,652$1,896$596
28 years$6,419$4,717$3,409$2,429$1,711$510
29 years$6,131$4,450$3,173$2,228$1,545$437
30 years$5,862$4,203$2,955$2,045$1,396$374
31 years$5,612$3,973$2,755$1,878$1,262$320
32 years$5,377$3,759$2,571$1,726$1,142$274
33 years$5,158$3,560$2,400$1,587$1,033$235
34 years$4,951$3,374$2,243$1,460$936$201
35 years$4,757$3,200$2,097$1,344$847$173
36 years$4,574$3,038$1,961$1,238$768$148
37 years$4,401$2,885$1,836$1,141$696$127
38 years$4,238$2,742$1,719$1,051$631$109
39 years$4,084$2,607$1,611$969$572$93
40 years$3,937$2,480$1,510$894$519$80
41 years$3,799$2,361$1,416$825$471$68
42 years$3,667$2,249$1,328$761$427$59
43 years$3,541$2,143$1,246$703$388$50
44 years$3,422$2,042$1,170$649$352$43
45 years$3,308$1,948$1,098$599$319$37
46 years$3,200$1,858$1,031$554$290$32
47 years$3,096$1,773$969$511$263$27
48 years$2,997$1,693$911$473$239$23
49 years$2,902$1,616$856$437$217$20
50 years$2,812$1,544$805$404$197$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,880,000, adding $6,242 every year, while hoping to spend $51,416 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: 56/23/21 Blend
71$2,880,000$2,880,000$2,880,000$2,880,000
72$3,180,199$3,027,559$2,982,919$3,339,935
73$3,449,873$3,121,203$3,028,140$3,543,377
74$3,745,330$3,217,712$3,073,153$3,758,894
75$4,069,147$3,317,173$3,117,897$3,992,569
76$4,424,159$3,419,674$3,162,306$4,246,162
77$4,813,492$3,525,306$3,206,312$4,521,606
78$5,240,585$3,634,164$3,249,840$4,821,032
79$5,709,230$3,746,343$3,292,815$5,146,786
80$6,223,601$3,861,943$3,335,154$5,501,451
81$6,788,296$3,981,066$3,376,770$5,887,871
82$7,408,382$4,103,818$3,417,571$6,309,177
83$8,089,439$4,230,307$3,457,461$6,768,818
84$8,837,614$4,360,644$3,496,338$7,270,592
85$9,659,678$4,494,944$3,534,094$7,818,684
86$10,563,093$4,633,324$3,570,613$8,417,701
87$11,556,078$4,775,905$3,605,778$9,072,719
88$12,647,686$4,922,813$3,639,460$9,789,328
89$13,847,894$5,074,175$3,671,526$10,573,686
90$15,167,694$5,230,124$3,701,836$11,432,578
91$16,619,193$5,390,795$3,730,242$12,373,478
92$18,215,734$5,556,327$3,756,589$13,404,618
93$19,972,015$5,726,863$3,780,711$14,535,069
94$21,904,233$5,902,552$3,802,437$15,774,825
95$24,030,231$6,083,544$3,821,585$17,134,894
96$26,369,673$6,269,995$3,837,966$18,627,408
97$28,944,220$6,462,065$3,851,379$20,265,730
98$31,777,744$6,659,920$3,861,613$22,064,585
99$34,896,545$6,863,728$3,868,449$24,040,198
100$38,329,605$7,073,662$3,871,654$26,210,446