Can I retire at age 72 with 5,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$412,895$409,217$405,629$402,127$398,707$389,385
2 years$204,404$200,597$196,907$193,330$189,860$180,521
3 years$134,915$131,092$127,412$123,869$120,455$111,391
4 years$100,178$96,367$92,723$89,240$85,910$77,190
5 years$79,341$75,553$71,957$68,545$65,307$56,957
6 years$65,455$61,694$58,152$54,816$51,675$43,703
7 years$55,539$51,811$48,325$45,067$42,026$34,433
8 years$48,106$44,411$40,983$37,806$34,865$27,647
9 years$42,328$38,668$35,299$32,202$29,361$22,514
10 years$37,708$34,084$30,774$27,759$25,017$18,533
11 years$33,931$30,343$27,093$24,158$21,515$15,385
12 years$30,785$27,234$24,044$21,190$18,645$12,858
13 years$28,126$24,612$21,482$18,708$16,259$10,805
14 years$25,848$22,371$19,302$16,607$14,252$9,120
15 years$23,876$20,437$17,427$14,810$12,549$7,726
16 years$22,152$18,750$15,800$13,261$11,091$6,565
17 years$20,632$17,268$14,377$11,915$9,834$5,593
18 years$19,283$15,957$13,125$10,738$8,744$4,775
19 years$18,077$14,789$12,015$9,702$7,793$4,083
20 years$16,993$13,742$11,027$8,787$6,961$3,498
21 years$16,014$12,800$10,143$7,975$6,230$3,000
22 years$15,125$11,949$9,348$7,251$5,584$2,576
23 years$14,314$11,175$8,631$6,604$5,012$2,213
24 years$13,572$10,471$7,982$6,023$4,505$1,904
25 years$12,891$9,826$7,393$5,501$4,054$1,638
26 years$12,263$9,235$6,857$5,029$3,652$1,411
27 years$11,682$8,691$6,367$4,604$3,292$1,216
28 years$11,144$8,190$5,919$4,218$2,971$1,048
29 years$10,644$7,726$5,508$3,868$2,683$904
30 years$10,178$7,296$5,131$3,550$2,424$779
31 years$9,743$6,898$4,783$3,260$2,191$673
32 years$9,336$6,526$4,463$2,996$1,982$580
33 years$8,954$6,181$4,167$2,755$1,794$501
34 years$8,596$5,858$3,893$2,535$1,624$433
35 years$8,259$5,556$3,640$2,334$1,471$373
36 years$7,941$5,274$3,405$2,149$1,333$323
37 years$7,641$5,009$3,187$1,980$1,208$279
38 years$7,358$4,760$2,985$1,825$1,095$241
39 years$7,090$4,526$2,796$1,683$993$208
40 years$6,836$4,306$2,621$1,552$901$180
41 years$6,595$4,099$2,458$1,432$817$155
42 years$6,366$3,904$2,305$1,322$742$134
43 years$6,148$3,720$2,163$1,220$673$116
44 years$5,941$3,546$2,031$1,127$611$100
45 years$5,743$3,381$1,907$1,040$555$86
46 years$5,555$3,225$1,791$961$504$75
47 years$5,375$3,078$1,682$888$457$65
48 years$5,203$2,938$1,581$820$415$56
49 years$5,039$2,806$1,486$758$377$48
50 years$4,882$2,680$1,397$701$343$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $5,000,000, adding $5,745 every year, while hoping to spend $57,128 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: 56/26/18 Blend
71$5,000,000$5,000,000$5,000,000$5,000,000
72$5,515,926$5,250,926$5,173,426$5,798,088
73$6,017,767$5,447,438$5,285,952$6,187,377
74$6,568,880$5,651,664$5,400,333$6,604,604
75$7,174,233$5,863,922$5,516,571$7,057,844
76$7,839,294$6,084,543$5,634,665$7,550,563
77$8,570,090$6,313,874$5,754,614$8,086,573
78$9,373,259$6,552,274$5,876,414$8,670,069
79$10,256,116$6,800,120$6,000,059$9,305,666
80$11,226,718$7,057,804$6,125,539$9,998,443
81$12,293,943$7,325,736$6,252,844$10,753,988
82$13,467,571$7,604,342$6,381,960$11,578,450
83$14,758,377$7,894,069$6,512,869$12,478,597
84$16,178,235$8,195,382$6,645,554$13,461,882
85$17,740,225$8,508,766$6,779,990$14,536,503
86$19,458,760$8,834,728$6,916,152$15,711,489
87$21,349,721$9,173,796$7,054,010$16,996,779
88$23,430,603$9,526,523$7,193,530$18,403,316
89$25,720,687$9,893,485$7,334,676$19,943,146
90$28,241,214$10,275,283$7,477,405$21,629,536
91$31,015,591$10,672,545$7,621,671$23,477,093
92$34,069,609$11,085,927$7,767,424$25,501,902
93$37,431,685$11,516,113$7,914,608$27,721,678
94$41,133,132$11,963,818$8,063,163$30,155,928
95$45,208,454$12,429,788$8,213,022$32,826,136
96$49,695,671$12,914,802$8,364,113$35,755,966
97$54,636,677$13,419,675$8,516,358$38,971,477
98$60,077,635$13,945,256$8,669,673$42,501,375
99$66,069,413$14,492,433$8,823,967$46,377,277
100$72,668,065$15,062,133$8,979,141$50,634,009