Can I retire at age 72 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$454,185$450,139$446,192$442,340$438,578$421,010
2 years$224,844$220,656$216,598$212,663$208,847$191,368
3 years$148,407$144,201$140,153$136,255$132,501$115,662
4 years$110,196$106,003$101,996$98,164$94,501$78,430
5 years$87,275$83,108$79,153$75,400$71,838$56,575
6 years$72,000$67,864$63,967$60,298$56,843$42,398
7 years$61,093$56,992$53,157$49,574$46,229$32,596
8 years$52,917$48,853$45,081$41,586$38,351$25,517
9 years$46,561$42,535$38,829$35,422$32,297$20,242
10 years$41,479$37,493$33,852$30,534$27,519$16,218
11 years$37,324$33,377$29,802$26,574$23,667$13,095
12 years$33,864$29,958$26,449$23,309$20,509$10,637
13 years$30,938$27,073$23,630$20,578$17,885$8,681
14 years$28,433$24,609$21,232$18,267$15,677$7,112
15 years$26,263$22,480$19,170$16,291$13,804$5,845
16 years$24,367$20,625$17,380$14,587$12,200$4,815
17 years$22,696$18,995$15,815$13,106$10,817$3,974
18 years$21,211$17,552$14,437$11,811$9,618$3,286
19 years$19,885$16,267$13,217$10,673$8,573$2,721
20 years$18,693$15,116$12,130$9,666$7,657$2,255
21 years$17,615$14,080$11,157$8,773$6,853$1,871
22 years$16,637$13,144$10,283$7,976$6,142$1,553
23 years$15,746$12,293$9,494$7,264$5,514$1,291
24 years$14,930$11,518$8,781$6,625$4,956$1,073
25 years$14,180$10,809$8,133$6,051$4,459$892
26 years$13,489$10,158$7,543$5,532$4,017$742
27 years$12,850$9,560$7,004$5,064$3,622$617
28 years$12,258$9,009$6,511$4,640$3,268$514
29 years$11,708$8,499$6,059$4,255$2,951$428
30 years$11,196$8,026$5,644$3,905$2,666$356
31 years$10,717$7,587$5,262$3,586$2,411$297
32 years$10,269$7,179$4,909$3,296$2,180$247
33 years$9,850$6,799$4,584$3,031$1,973$206
34 years$9,456$6,444$4,283$2,789$1,787$171
35 years$9,085$6,112$4,004$2,567$1,618$143
36 years$8,735$5,801$3,746$2,364$1,466$119
37 years$8,405$5,510$3,506$2,178$1,329$99
38 years$8,094$5,236$3,283$2,008$1,205$83
39 years$7,799$4,979$3,076$1,851$1,092$69
40 years$7,519$4,737$2,883$1,708$991$57
41 years$7,254$4,509$2,703$1,575$899$48
42 years$7,002$4,294$2,536$1,454$816$40
43 years$6,763$4,092$2,380$1,342$740$33
44 years$6,535$3,900$2,234$1,239$672$28
45 years$6,318$3,719$2,097$1,144$610$23
46 years$6,110$3,548$1,970$1,057$554$19
47 years$5,913$3,386$1,851$977$503$16
48 years$5,724$3,232$1,739$902$457$13
49 years$5,543$3,087$1,635$834$415$11
50 years$5,370$2,949$1,537$771$377$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $5,500,000, adding $3,033 every year, while hoping to spend $21,243 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: 58/27/15 Blend
71$5,500,000$5,500,000$5,500,000$5,500,000
72$6,064,129$5,772,629$5,687,379$6,392,374
73$6,660,067$6,032,885$5,855,303$6,875,011
74$7,316,080$6,305,182$6,028,142$7,398,280
75$8,038,271$6,590,087$6,206,036$7,968,204
76$8,833,368$6,888,195$6,389,132$8,589,275
77$9,708,784$7,200,129$6,577,580$9,266,429
78$10,672,687$7,526,542$6,771,535$10,005,097
79$11,734,076$7,868,117$6,971,156$10,811,250
80$12,902,869$8,225,572$7,176,607$11,691,454
81$14,189,994$8,599,658$7,388,056$12,652,933
82$15,607,493$8,991,161$7,605,676$13,703,635
83$17,168,637$9,400,907$7,829,646$14,852,302
84$18,888,046$9,829,760$8,060,147$16,108,552
85$20,781,833$10,278,625$8,297,368$17,482,970
86$22,867,754$10,748,451$8,541,504$18,987,203
87$25,165,373$11,240,233$8,792,753$20,634,069
88$27,696,250$11,755,014$9,051,319$22,437,675
89$30,484,143$12,293,885$9,317,413$24,413,548
90$33,555,232$12,857,991$9,591,253$26,578,779
91$36,938,365$13,448,532$9,873,059$28,952,182
92$40,665,334$14,066,766$10,163,062$31,554,468
93$44,771,170$14,714,009$10,461,497$34,408,437
94$49,294,477$15,391,644$10,768,605$37,539,192
95$54,277,796$16,101,117$11,084,636$40,974,373
96$59,768,005$16,843,946$11,409,845$44,744,411
97$65,816,763$17,621,720$11,744,496$48,882,816
98$72,480,995$18,436,106$12,088,859$53,426,486
99$79,823,433$19,288,852$12,443,212$58,416,055
100$87,913,204$20,181,787$12,807,841$63,896,269