Can I retire at age 72 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$289,027$286,452$283,940$281,489$279,095$277,569
2 years$143,083$140,418$137,835$135,331$132,902$131,362
3 years$94,441$91,765$89,188$86,708$84,319$82,813
4 years$70,125$67,457$64,906$62,468$60,137$58,676
5 years$55,539$52,887$50,370$47,982$45,715$44,304
6 years$45,818$43,186$40,706$38,371$36,173$34,814
7 years$38,878$36,268$33,827$31,547$29,418$28,111
8 years$33,674$31,088$28,688$26,464$24,405$23,151
9 years$29,630$27,068$24,709$22,542$20,553$19,350
10 years$26,396$23,859$21,542$19,431$17,512$16,361
11 years$23,752$21,240$18,965$16,911$15,061$13,960
12 years$21,550$19,064$16,831$14,833$13,051$12,001
13 years$19,688$17,228$15,038$13,095$11,381$10,379
14 years$18,094$15,660$13,511$11,625$9,977$9,022
15 years$16,713$14,306$12,199$10,367$8,784$7,876
16 years$15,506$13,125$11,060$9,283$7,763$6,901
17 years$14,443$12,088$10,064$8,340$6,884$6,065
18 years$13,498$11,170$9,187$7,516$6,121$5,344
19 years$12,654$10,352$8,411$6,792$5,455$4,720
20 years$11,895$9,620$7,719$6,151$4,873$4,177
21 years$11,210$8,960$7,100$5,583$4,361$3,703
22 years$10,587$8,364$6,544$5,076$3,909$3,287
23 years$10,020$7,823$6,042$4,623$3,509$2,922
24 years$9,501$7,329$5,588$4,216$3,154$2,601
25 years$9,024$6,878$5,175$3,850$2,838$2,318
26 years$8,584$6,464$4,800$3,521$2,556$2,067
27 years$8,177$6,084$4,457$3,223$2,305$1,845
28 years$7,801$5,733$4,143$2,953$2,080$1,647
29 years$7,451$5,408$3,856$2,708$1,878$1,472
30 years$7,124$5,107$3,592$2,485$1,697$1,317
31 years$6,820$4,828$3,348$2,282$1,534$1,178
32 years$6,535$4,569$3,124$2,097$1,388$1,054
33 years$6,268$4,326$2,917$1,929$1,256$944
34 years$6,017$4,100$2,725$1,775$1,137$846
35 years$5,781$3,889$2,548$1,634$1,030$758
36 years$5,559$3,691$2,384$1,504$933$679
37 years$5,349$3,506$2,231$1,386$846$609
38 years$5,151$3,332$2,089$1,278$767$546
39 years$4,963$3,168$1,957$1,178$695$490
40 years$4,785$3,014$1,835$1,087$631$439
41 years$4,616$2,869$1,720$1,003$572$394
42 years$4,456$2,733$1,614$925$519$354
43 years$4,304$2,604$1,514$854$471$317
44 years$4,158$2,482$1,421$789$428$285
45 years$4,020$2,367$1,335$728$388$256
46 years$3,888$2,258$1,254$673$352$230
47 years$3,763$2,155$1,178$622$320$206
48 years$3,642$2,057$1,107$574$291$185
49 years$3,527$1,964$1,040$531$264$166
50 years$3,417$1,876$978$491$240$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $3,500,000, adding $2,247 every year, while hoping to spend $57,216 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: 40/31/29 Blend
71$3,500,000$3,500,000$3,500,000$3,500,000
72$3,859,318$3,673,818$3,619,568$3,980,563
73$4,192,091$3,792,957$3,679,946$4,188,240
74$4,556,889$3,916,017$3,740,429$4,407,315
75$4,956,919$4,043,129$3,800,960$4,643,256
76$5,395,711$4,174,429$3,861,479$4,897,645
77$5,877,155$4,310,058$3,921,921$5,172,225
78$6,405,536$4,450,162$3,982,216$5,468,909
79$6,985,573$4,594,892$4,042,292$5,789,807
80$7,622,463$4,744,403$4,102,071$6,137,236
81$8,321,934$4,898,858$4,161,469$6,513,749
82$9,090,293$5,058,424$4,220,400$6,922,155
83$9,934,489$5,223,273$4,278,770$7,365,545
84$10,862,179$5,393,585$4,336,481$7,847,323
85$11,881,795$5,569,545$4,393,427$8,371,235
86$13,002,630$5,751,345$4,449,499$8,941,407
87$14,234,921$5,939,183$4,504,580$9,562,381
88$15,589,945$6,133,265$4,558,545$10,239,158
89$17,080,127$6,333,804$4,611,265$10,977,245
90$18,719,159$6,541,019$4,662,601$11,782,707
91$20,522,123$6,755,138$4,712,407$12,662,225
92$22,505,638$6,976,398$4,760,531$13,623,153
93$24,688,014$7,205,044$4,806,811$14,673,596
94$27,089,428$7,441,326$4,851,075$15,822,476
95$29,732,107$7,685,509$4,893,143$17,079,626
96$32,640,546$7,937,863$4,932,827$18,455,871
97$35,841,732$8,198,668$4,969,927$19,963,142
98$39,365,402$8,468,217$5,004,234$21,614,578
99$43,244,323$8,746,809$5,035,525$23,424,654
100$47,514,598$9,034,757$5,063,570$25,409,317