Can I retire at age 72 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$272,511$270,084$267,715$265,404$263,147$254,418
2 years$134,906$132,394$129,959$127,598$125,308$116,598
3 years$89,044$86,521$84,092$81,753$79,500$71,084
4 years$66,118$63,602$61,197$58,899$56,700$48,641
5 years$52,365$49,865$47,492$45,240$43,103$35,422
6 years$43,200$40,718$38,380$36,179$34,106$26,810
7 years$36,656$34,195$31,894$29,744$27,737$20,825
8 years$31,750$29,312$27,049$24,952$23,011$16,478
9 years$27,937$25,521$23,297$21,253$19,378$13,216
10 years$24,887$22,496$20,311$18,321$16,511$10,711
11 years$22,394$20,026$17,881$15,944$14,200$8,750
12 years$20,318$17,975$15,869$13,985$12,306$7,193
13 years$18,563$16,244$14,178$12,347$10,731$5,943
14 years$17,060$14,765$12,739$10,960$9,406$4,931
15 years$15,758$13,488$11,502$9,775$8,282$4,104
16 years$14,620$12,375$10,428$8,752$7,320$3,426
17 years$13,617$11,397$9,489$7,864$6,490$2,865
18 years$12,727$10,531$8,662$7,087$5,771$2,401
19 years$11,931$9,760$7,930$6,404$5,144$2,016
20 years$11,216$9,070$7,278$5,800$4,594$1,694
21 years$10,569$8,448$6,694$5,264$4,112$1,425
22 years$9,982$7,886$6,170$4,786$3,685$1,200
23 years$9,447$7,376$5,697$4,359$3,308$1,011
24 years$8,958$6,911$5,268$3,975$2,973$853
25 years$8,508$6,485$4,880$3,630$2,676$719
26 years$8,093$6,095$4,526$3,319$2,410$607
27 years$7,710$5,736$4,202$3,038$2,173$513
28 years$7,355$5,405$3,907$2,784$1,961$433
29 years$7,025$5,099$3,635$2,553$1,770$366
30 years$6,717$4,816$3,386$2,343$1,600$309
31 years$6,430$4,552$3,157$2,152$1,446$261
32 years$6,162$4,307$2,945$1,977$1,308$221
33 years$5,910$4,079$2,750$1,818$1,184$187
34 years$5,673$3,866$2,570$1,673$1,072$158
35 years$5,451$3,667$2,402$1,540$971$133
36 years$5,241$3,481$2,247$1,418$880$113
37 years$5,043$3,306$2,104$1,307$797$95
38 years$4,856$3,142$1,970$1,205$723$81
39 years$4,679$2,987$1,846$1,111$655$68
40 years$4,512$2,842$1,730$1,025$595$58
41 years$4,353$2,706$1,622$945$539$49
42 years$4,201$2,577$1,522$872$489$41
43 years$4,058$2,455$1,428$805$444$35
44 years$3,921$2,340$1,340$744$403$30
45 years$3,791$2,232$1,258$687$366$25
46 years$3,666$2,129$1,182$634$332$21
47 years$3,548$2,032$1,110$586$302$18
48 years$3,434$1,939$1,043$541$274$15
49 years$3,326$1,852$981$500$249$13
50 years$3,222$1,769$922$463$226$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $3,300,000, adding $5,796 every year, while hoping to spend $33,466 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: 85/7/8 Blend
71$3,300,000$3,300,000$3,300,000$3,300,000
72$3,642,579$3,467,679$3,416,529$3,948,559
73$3,978,514$3,601,987$3,495,375$4,283,470
74$4,347,593$3,741,755$3,575,741$4,646,199
75$4,753,162$3,887,215$3,657,642$5,043,655
76$5,198,904$4,038,609$3,741,093$5,479,309
77$5,688,882$4,196,190$3,826,109$5,956,986
78$6,227,568$4,360,223$3,912,703$6,480,895
79$6,819,890$4,530,984$4,000,889$7,055,675
80$7,471,277$4,708,761$4,090,677$7,686,433
81$8,187,712$4,893,856$4,182,080$8,378,796
82$8,975,787$5,086,582$4,275,108$9,138,962
83$9,842,762$5,287,270$4,369,769$9,973,758
84$10,796,639$5,496,262$4,466,071$10,890,706
85$11,846,234$5,713,916$4,564,023$11,898,089
86$13,001,261$5,940,608$4,663,628$13,005,034
87$14,272,421$6,176,730$4,764,891$14,221,597
88$15,671,508$6,422,690$4,867,815$15,558,853
89$17,211,516$6,678,916$4,972,401$17,029,006
90$18,906,763$6,945,855$5,078,649$18,645,501
91$20,773,024$7,223,974$5,186,555$20,423,148
92$22,827,684$7,513,760$5,296,116$22,378,267
93$25,089,897$7,815,723$5,407,325$24,528,838
94$27,580,771$8,130,398$5,520,175$26,894,670
95$30,323,562$8,458,340$5,634,653$29,497,588
96$33,343,899$8,800,132$5,750,747$32,361,640
97$36,670,021$9,156,383$5,868,442$35,513,321
98$40,333,046$9,527,729$5,987,718$38,981,826
99$44,367,265$9,914,835$6,108,555$42,799,321
100$48,810,462$10,318,398$6,230,927$47,001,247