Can I retire at age 72 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$462,443$458,324$454,305$450,382$446,552$440,607
2 years$228,932$224,668$220,536$216,530$212,644$206,663
3 years$151,105$146,823$142,702$138,733$134,910$129,081
4 years$112,200$107,931$103,850$99,949$96,219$90,585
5 years$88,862$84,619$80,592$76,771$73,144$67,723
6 years$73,309$69,098$65,130$61,394$57,876$52,674
7 years$62,204$58,028$54,124$50,475$47,069$42,087
8 years$53,879$49,741$45,901$42,343$39,048$34,286
9 years$47,408$43,308$39,535$36,066$32,884$28,340
10 years$42,233$38,174$34,467$31,090$28,019$23,689
11 years$38,003$33,984$30,344$27,057$24,097$19,978
12 years$34,480$30,502$26,930$23,733$20,882$16,969
13 years$31,501$27,565$24,060$20,953$18,210$14,497
14 years$28,950$25,056$21,618$18,599$15,963$12,445
15 years$26,741$22,889$19,518$16,587$14,055$10,726
16 years$24,810$21,000$17,696$14,852$12,422$9,276
17 years$23,108$19,341$16,103$13,345$11,014$8,044
18 years$21,597$17,872$14,700$12,026$9,793$6,994
19 years$20,247$16,563$13,457$10,867$8,729$6,093
20 years$19,033$15,391$12,350$9,842$7,797$5,317
21 years$17,936$14,336$11,360$8,932$6,977$4,648
22 years$16,940$13,383$10,470$8,121$6,254$4,068
23 years$16,032$12,516$9,667$7,396$5,614$3,564
24 years$15,201$11,727$8,940$6,746$5,046$3,126
25 years$14,438$11,005$8,280$6,161$4,541$2,745
26 years$13,734$10,343$7,680$5,633$4,090$2,411
27 years$13,084$9,734$7,131$5,156$3,687$2,120
28 years$12,481$9,172$6,629$4,724$3,327$1,865
29 years$11,921$8,653$6,169$4,332$3,004$1,641
30 years$11,399$8,172$5,746$3,976$2,715$1,445
31 years$10,912$7,725$5,357$3,651$2,454$1,273
32 years$10,456$7,310$4,998$3,356$2,220$1,122
33 years$10,029$6,922$4,667$3,086$2,009$989
34 years$9,627$6,561$4,361$2,839$1,819$872
35 years$9,250$6,223$4,077$2,614$1,648$769
36 years$8,894$5,906$3,814$2,407$1,493$678
37 years$8,558$5,610$3,570$2,218$1,353$598
38 years$8,241$5,331$3,343$2,044$1,227$528
39 years$7,941$5,069$3,132$1,885$1,112$466
40 years$7,656$4,823$2,936$1,739$1,009$411
41 years$7,386$4,591$2,753$1,604$915$363
42 years$7,130$4,372$2,582$1,480$831$320
43 years$6,886$4,166$2,423$1,367$754$283
44 years$6,654$3,971$2,274$1,262$684$250
45 years$6,432$3,787$2,135$1,165$621$220
46 years$6,221$3,613$2,006$1,076$564$195
47 years$6,020$3,447$1,884$994$512$172
48 years$5,828$3,291$1,771$919$465$152
49 years$5,644$3,143$1,664$849$422$134
50 years$5,468$3,002$1,565$785$384$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $5,600,000, adding $2,005 every year, while hoping to spend $37,930 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: 42/41/17 Blend
71$5,600,000$5,600,000$5,600,000$5,600,000
72$6,173,268$5,876,468$5,789,668$6,401,719
73$6,762,584$6,124,058$5,943,265$6,810,862
74$7,410,739$6,382,508$6,100,736$7,249,765
75$8,123,695$6,652,311$6,262,171$7,724,242
76$8,908,020$6,933,982$6,427,661$8,237,572
77$9,770,950$7,228,060$6,597,300$8,793,351
78$10,720,460$7,535,108$6,771,183$9,395,529
79$11,765,336$7,855,717$6,949,406$10,048,445
80$12,915,258$8,190,505$7,132,069$10,756,862
81$14,180,892$8,540,117$7,319,271$11,526,012
82$15,573,992$8,905,232$7,511,115$12,361,644
83$17,107,507$9,286,556$7,707,706$13,270,076
84$18,795,707$9,684,832$7,909,149$14,258,248
85$20,654,316$10,100,836$8,115,552$15,333,792
86$22,700,659$10,535,379$8,327,025$16,505,095
87$24,953,825$10,989,312$8,543,680$17,781,379
88$27,434,853$11,463,526$8,765,631$19,172,782
89$30,166,921$11,958,951$8,992,992$20,690,456
90$33,175,571$12,476,565$9,225,882$22,346,661
91$36,488,951$13,017,388$9,464,420$24,154,885
92$40,138,073$13,582,489$9,708,728$26,129,966
93$44,157,114$14,172,989$9,958,928$28,288,223
94$48,583,734$14,790,059$10,215,146$30,647,614
95$53,459,430$15,434,927$10,477,509$33,227,896
96$58,829,933$16,108,879$10,746,146$36,050,810
97$64,745,632$16,813,261$11,021,188$39,140,281
98$71,262,056$17,549,481$11,302,768$42,522,640
99$78,440,396$18,319,015$11,591,020$46,226,865
100$86,348,079$19,123,409$11,886,082$50,284,856