Can I retire at age 72 with 2,950,000?

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 $2,950,000?

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$243,608$241,438$239,321$237,255$235,237$229,271
2 years$120,598$118,352$116,175$114,065$112,018$106,046
3 years$79,600$77,344$75,173$73,082$71,069$65,278
4 years$59,105$56,856$54,707$52,652$50,687$45,121
5 years$46,811$44,576$42,455$40,442$38,531$33,207
6 years$38,618$36,400$34,310$32,341$30,488$25,410
7 years$32,768$30,568$28,512$26,590$24,795$19,963
8 years$28,383$26,203$24,180$22,305$20,570$15,983
9 years$24,974$22,814$20,826$18,999$17,323$12,976
10 years$22,248$20,110$18,157$16,378$14,760$10,648
11 years$20,019$17,902$15,985$14,253$12,694$8,812
12 years$18,163$16,068$14,186$12,502$11,000$7,340
13 years$16,594$14,521$12,674$11,038$9,593$6,148
14 years$15,250$13,199$11,388$9,798$8,409$5,171
15 years$14,087$12,058$10,282$8,738$7,404$4,366
16 years$13,070$11,063$9,322$7,824$6,544$3,696
17 years$12,173$10,188$8,483$7,030$5,802$3,137
18 years$11,377$9,414$7,744$6,335$5,159$2,669
19 years$10,666$8,725$7,089$5,724$4,598$2,274
20 years$10,026$8,108$6,506$5,185$4,107$1,940
21 years$9,448$7,552$5,984$4,705$3,675$1,658
22 years$8,924$7,050$5,515$4,278$3,295$1,418
23 years$8,445$6,593$5,092$3,896$2,957$1,214
24 years$8,008$6,178$4,710$3,554$2,658$1,040
25 years$7,606$5,797$4,362$3,245$2,392$891
26 years$7,235$5,449$4,046$2,967$2,155$764
27 years$6,892$5,128$3,757$2,716$1,943$656
28 years$6,575$4,832$3,492$2,489$1,753$563
29 years$6,280$4,558$3,250$2,282$1,583$484
30 years$6,005$4,305$3,027$2,094$1,430$415
31 years$5,748$4,070$2,822$1,923$1,293$357
32 years$5,508$3,851$2,633$1,768$1,170$307
33 years$5,283$3,647$2,459$1,626$1,058$264
34 years$5,072$3,456$2,297$1,496$958$227
35 years$4,873$3,278$2,148$1,377$868$195
36 years$4,685$3,111$2,009$1,268$786$168
37 years$4,508$2,955$1,880$1,168$713$144
38 years$4,341$2,808$1,761$1,077$646$124
39 years$4,183$2,671$1,650$993$586$107
40 years$4,033$2,541$1,546$916$531$92
41 years$3,891$2,419$1,450$845$482$79
42 years$3,756$2,303$1,360$780$438$68
43 years$3,627$2,195$1,276$720$397$58
44 years$3,505$2,092$1,198$665$360$50
45 years$3,388$1,995$1,125$614$327$43
46 years$3,277$1,903$1,057$567$297$37
47 years$3,171$1,816$993$524$270$32
48 years$3,070$1,734$933$484$245$28
49 years$2,973$1,656$877$447$223$24
50 years$2,880$1,581$824$414$202$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $2,950,000, adding $4,801 every year, while hoping to spend $46,806 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: 54/37/9 Blend
71$2,950,000$2,950,000$2,950,000$2,950,000
72$3,255,852$3,099,502$3,053,777$3,424,172
73$3,538,148$3,201,577$3,106,278$3,640,836
74$3,847,669$3,307,084$3,158,968$3,870,996
75$4,187,143$3,416,143$3,211,805$4,120,378
76$4,559,575$3,528,877$3,264,743$4,390,811
77$4,968,272$3,645,413$3,317,733$4,684,310
78$5,416,881$3,765,883$3,370,723$5,003,090
79$5,909,416$3,890,425$3,423,655$5,349,590
80$6,450,300$4,019,179$3,476,471$5,726,489
81$7,044,406$4,152,293$3,529,107$6,136,739
82$7,697,099$4,289,920$3,581,497$6,583,587
83$8,414,293$4,432,216$3,633,567$7,070,606
84$9,202,502$4,579,346$3,685,243$7,601,729
85$10,068,902$4,731,478$3,736,443$8,181,284
86$11,021,398$4,888,789$3,787,082$8,814,036
87$12,068,702$5,051,460$3,837,070$9,505,232
88$13,220,408$5,219,681$3,886,311$10,260,645
89$14,487,091$5,393,646$3,934,703$11,086,636
90$15,880,399$5,573,560$3,982,140$11,990,204
91$17,413,166$5,759,631$4,028,509$12,979,058
92$19,099,534$5,952,077$4,073,689$14,061,688
93$20,955,084$6,151,126$4,117,554$15,247,441
94$22,996,982$6,357,012$4,159,972$16,546,612
95$25,244,146$6,569,976$4,200,803$17,970,539
96$27,717,416$6,790,273$4,239,897$19,531,710
97$30,439,759$7,018,162$4,277,100$21,243,876
98$33,436,478$7,253,916$4,312,247$23,122,188
99$36,735,456$7,497,816$4,345,164$25,183,330
100$40,367,417$7,750,153$4,375,671$27,445,682