Can I retire at age 72 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$437,669$433,771$429,967$426,254$422,629$410,747
2 years$216,668$212,633$208,722$204,930$201,252$189,372
3 years$143,010$138,958$135,057$131,301$127,683$116,176
4 years$106,189$102,149$98,287$94,595$91,064$80,020
5 years$84,102$80,086$76,275$72,658$69,226$58,674
6 years$69,382$65,396$61,641$58,105$54,776$44,726
7 years$58,872$54,920$51,224$47,771$44,547$35,000
8 years$50,993$47,076$43,442$40,074$36,956$27,906
9 years$44,868$40,988$37,417$34,134$31,123$22,560
10 years$39,971$36,129$32,621$29,424$26,518$18,433
11 years$35,967$32,164$28,719$25,608$22,806$15,185
12 years$32,632$28,868$25,487$22,461$19,764$12,592
13 years$29,813$26,089$22,771$19,830$17,234$10,496
14 years$27,399$23,714$20,460$17,603$15,107$8,787
15 years$25,308$21,663$18,473$15,699$13,302$7,381
16 years$23,481$19,875$16,748$14,057$11,756$6,219
17 years$21,870$18,304$15,240$12,630$10,424$5,252
18 years$20,440$16,914$13,912$11,382$9,268$4,444
19 years$19,162$15,676$12,736$10,285$8,261$3,766
20 years$18,013$14,567$11,688$9,315$7,379$3,197
21 years$16,975$13,568$10,751$8,454$6,603$2,717
22 years$16,032$12,666$9,909$7,686$5,919$2,311
23 years$15,173$11,846$9,149$7,000$5,313$1,967
24 years$14,387$11,099$8,461$6,384$4,776$1,676
25 years$13,664$10,416$7,837$5,831$4,297$1,429
26 years$12,998$9,789$7,268$5,331$3,871$1,219
27 years$12,383$9,213$6,749$4,880$3,490$1,040
28 years$11,813$8,681$6,274$4,471$3,149$888
29 years$11,282$8,190$5,839$4,100$2,843$758
30 years$10,789$7,734$5,439$3,763$2,569$647
31 years$10,327$7,311$5,070$3,456$2,323$553
32 years$9,896$6,918$4,731$3,176$2,101$472
33 years$9,492$6,551$4,417$2,921$1,902$404
34 years$9,112$6,209$4,127$2,687$1,722$345
35 years$8,754$5,889$3,858$2,474$1,559$295
36 years$8,418$5,590$3,610$2,278$1,413$252
37 years$8,100$5,309$3,378$2,099$1,281$216
38 years$7,800$5,046$3,164$1,935$1,161$184
39 years$7,515$4,798$2,964$1,784$1,053$158
40 years$7,246$4,565$2,778$1,645$955$135
41 years$6,990$4,345$2,605$1,518$866$115
42 years$6,748$4,138$2,444$1,401$786$99
43 years$6,517$3,943$2,293$1,293$713$84
44 years$6,297$3,758$2,152$1,194$648$72
45 years$6,088$3,584$2,021$1,103$588$62
46 years$5,888$3,419$1,898$1,019$534$53
47 years$5,698$3,263$1,783$941$485$45
48 years$5,515$3,115$1,676$870$440$39
49 years$5,341$2,974$1,575$804$400$33
50 years$5,175$2,841$1,481$743$363$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $5,300,000, adding $2,797 every year, while hoping to spend $42,122 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: 53/23/24 Blend
71$5,300,000$5,300,000$5,300,000$5,300,000
72$5,843,485$5,562,585$5,480,435$6,114,186
73$6,394,703$5,790,334$5,619,212$6,529,002
74$7,000,734$6,027,831$5,761,227$6,975,590
75$7,667,123$6,275,510$5,906,542$7,460,709
76$8,399,982$6,533,822$6,055,224$7,988,055
77$9,206,043$6,803,242$6,207,337$8,561,690
78$10,092,724$7,084,266$6,362,947$9,186,083
79$11,068,199$7,377,412$6,522,123$9,866,148
80$12,141,471$7,683,220$6,684,929$10,607,293
81$13,322,462$8,002,260$6,851,436$11,415,467
82$14,622,106$8,335,123$7,021,712$12,297,215
83$16,052,447$8,682,430$7,195,825$13,259,739
84$17,626,758$9,044,830$7,373,846$14,310,964
85$19,359,662$9,423,003$7,555,846$15,459,615
86$21,267,275$9,817,657$7,741,894$16,715,291
87$23,367,351$10,229,536$7,932,061$18,088,560
88$25,679,456$10,659,418$8,126,420$19,591,054
89$28,225,147$11,108,117$8,325,042$21,235,579
90$31,028,180$11,576,482$8,527,999$23,036,233
91$34,114,731$12,065,406$8,735,363$25,008,536
92$37,513,642$12,575,820$8,947,207$27,169,579
93$41,256,698$13,108,700$9,163,603$29,538,177
94$45,378,920$13,665,065$9,384,622$32,135,051
95$49,918,901$14,245,984$9,610,338$34,983,016
96$54,919,167$14,852,576$9,840,823$38,107,198
97$60,426,579$15,486,009$10,076,148$41,535,267
98$66,492,776$16,147,509$10,316,384$45,297,696
99$73,174,659$16,838,357$10,561,603$49,428,046
100$80,534,932$17,559,894$10,811,874$53,963,282