Can I retire at age 72 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$240,305$238,165$236,076$234,038$232,047$226,162
2 years$118,963$116,747$114,600$112,518$110,499$104,608
3 years$78,521$76,296$74,154$72,091$70,105$64,393
4 years$58,304$56,085$53,965$51,938$49,999$44,509
5 years$46,177$43,972$41,879$39,893$38,009$32,756
6 years$38,095$35,906$33,845$31,903$30,075$25,065
7 years$32,324$30,154$28,125$26,229$24,459$19,693
8 years$27,998$25,847$23,852$22,003$20,291$15,766
9 years$24,635$22,505$20,544$18,742$17,088$12,800
10 years$21,946$19,837$17,911$16,156$14,560$10,504
11 years$19,748$17,660$15,768$14,060$12,522$8,692
12 years$17,917$15,850$13,994$12,333$10,851$7,241
13 years$16,369$14,324$12,503$10,888$9,463$6,064
14 years$15,044$13,020$11,234$9,665$8,295$5,101
15 years$13,896$11,894$10,142$8,620$7,303$4,306
16 years$12,892$10,913$9,196$7,718$6,455$3,646
17 years$12,008$10,050$8,368$6,934$5,723$3,095
18 years$11,223$9,287$7,639$6,249$5,089$2,632
19 years$10,521$8,607$6,993$5,647$4,536$2,243
20 years$9,890$7,998$6,418$5,114$4,051$1,914
21 years$9,320$7,450$5,903$4,641$3,626$1,635
22 years$8,803$6,954$5,441$4,220$3,250$1,399
23 years$8,331$6,504$5,023$3,843$2,917$1,197
24 years$7,899$6,094$4,646$3,505$2,622$1,026
25 years$7,502$5,719$4,303$3,201$2,359$879
26 years$7,137$5,375$3,991$2,927$2,125$754
27 years$6,799$5,058$3,706$2,679$1,916$647
28 years$6,486$4,766$3,445$2,455$1,729$556
29 years$6,195$4,497$3,206$2,251$1,561$477
30 years$5,924$4,246$2,986$2,066$1,411$410
31 years$5,670$4,014$2,784$1,897$1,275$352
32 years$5,433$3,798$2,597$1,744$1,154$303
33 years$5,211$3,597$2,425$1,604$1,044$260
34 years$5,003$3,409$2,266$1,475$945$224
35 years$4,807$3,234$2,119$1,358$856$192
36 years$4,622$3,069$1,982$1,251$776$165
37 years$4,447$2,915$1,855$1,152$703$142
38 years$4,282$2,770$1,737$1,062$637$122
39 years$4,126$2,634$1,627$979$578$105
40 years$3,978$2,506$1,525$903$524$91
41 years$3,838$2,386$1,430$834$476$78
42 years$3,705$2,272$1,342$769$432$67
43 years$3,578$2,165$1,259$710$392$58
44 years$3,457$2,064$1,182$656$356$50
45 years$3,343$1,968$1,110$606$323$43
46 years$3,233$1,877$1,042$559$293$37
47 years$3,128$1,791$979$517$266$32
48 years$3,028$1,710$920$477$242$27
49 years$2,933$1,633$865$441$219$23
50 years$2,841$1,560$813$408$199$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,910,000, adding $4,216 every year, while hoping to spend $53,380 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: 62/22/16 Blend
71$2,910,000$2,910,000$2,910,000$2,910,000
72$3,211,169$3,056,939$3,011,834$3,397,171
73$3,481,912$3,149,933$3,055,934$3,615,761
74$3,778,482$3,245,695$3,099,723$3,847,872
75$4,103,457$3,344,303$3,143,133$4,099,990
76$4,459,676$3,445,840$3,186,094$4,374,060
77$4,850,265$3,550,389$3,228,531$4,672,228
78$5,278,669$3,658,035$3,270,364$4,996,851
79$5,748,681$3,768,867$3,311,509$5,350,530
80$6,264,480$3,882,974$3,351,878$5,736,124
81$6,830,667$4,000,450$3,391,376$6,156,785
82$7,452,312$4,121,389$3,429,904$6,615,981
83$8,135,000$4,245,890$3,467,358$7,117,534
84$8,884,883$4,374,051$3,503,627$7,665,652
85$9,708,737$4,505,975$3,538,595$8,264,970
86$10,614,029$4,641,769$3,572,138$8,920,592
87$11,608,982$4,781,538$3,604,128$9,638,143
88$12,702,660$4,925,394$3,634,427$10,423,816
89$13,905,043$5,073,451$3,662,892$11,284,434
90$15,227,131$5,225,824$3,689,373$12,227,514
91$16,681,041$5,382,632$3,713,710$13,261,336
92$18,280,123$5,543,997$3,735,735$14,395,023
93$20,039,087$5,710,043$3,755,273$15,638,624
94$21,974,138$5,880,899$3,772,138$17,003,212
95$24,103,132$6,056,696$3,786,138$18,500,984
96$26,445,745$6,237,567$3,797,066$20,145,380
97$29,023,653$6,423,650$3,804,710$21,951,208
98$31,860,741$6,615,085$3,808,844$23,934,782
99$34,983,328$6,812,015$3,809,231$26,114,078
100$38,420,412$7,014,588$3,805,625$28,508,903