Can I retire at age 72 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$495,474$491,061$486,755$482,552$478,448$470,329
2 years$245,284$240,716$236,289$231,996$227,833$219,677
3 years$161,899$157,311$152,895$148,642$144,546$136,609
4 years$120,214$115,640$111,268$107,088$103,092$95,434
5 years$95,210$90,663$86,349$82,254$78,369$71,012
6 years$78,545$74,033$69,782$65,779$62,010$54,964
7 years$66,647$62,173$57,990$54,081$50,431$43,696
8 years$57,728$53,294$49,180$45,367$41,837$35,413
9 years$50,794$46,402$42,359$38,643$35,233$29,115
10 years$45,250$40,901$36,929$33,310$30,020$24,204
11 years$40,717$36,412$32,512$28,990$25,819$20,298
12 years$36,942$32,681$28,853$25,428$22,374$17,141
13 years$33,751$29,534$25,779$22,449$19,510$14,558
14 years$31,018$26,846$23,162$19,928$17,103$12,422
15 years$28,651$24,524$20,912$17,772$15,059$10,641
16 years$26,582$22,500$18,960$15,913$13,309$9,144
17 years$24,759$20,722$17,253$14,298$11,801$7,880
18 years$23,140$19,148$15,750$12,885$10,492$6,806
19 years$21,693$17,746$14,418$11,643$9,352$5,890
20 years$20,392$16,491$13,232$10,545$8,354$5,107
21 years$19,217$15,360$12,171$9,570$7,475$4,433
22 years$18,150$14,338$11,218$8,701$6,701$3,854
23 years$17,177$13,410$10,357$7,925$6,015$3,353
24 years$16,287$12,565$9,579$7,228$5,406$2,921
25 years$15,469$11,791$8,872$6,601$4,865$2,546
26 years$14,715$11,082$8,228$6,035$4,382$2,221
27 years$14,018$10,429$7,641$5,524$3,951$1,938
28 years$13,373$9,828$7,103$5,061$3,565$1,693
29 years$12,773$9,271$6,610$4,641$3,219$1,479
30 years$12,213$8,756$6,157$4,260$2,909$1,293
31 years$11,691$8,277$5,740$3,912$2,630$1,130
32 years$11,203$7,832$5,355$3,595$2,379$988
33 years$10,745$7,417$5,000$3,306$2,153$865
34 years$10,315$7,029$4,672$3,042$1,949$757
35 years$9,911$6,667$4,368$2,800$1,765$662
36 years$9,529$6,328$4,086$2,579$1,599$580
37 years$9,170$6,010$3,825$2,376$1,450$507
38 years$8,830$5,712$3,582$2,190$1,314$444
39 years$8,508$5,432$3,356$2,020$1,192$389
40 years$8,203$5,168$3,145$1,863$1,081$341
41 years$7,914$4,919$2,949$1,719$981$298
42 years$7,639$4,685$2,766$1,586$890$261
43 years$7,378$4,464$2,596$1,464$808$229
44 years$7,129$4,255$2,437$1,352$733$201
45 years$6,892$4,057$2,288$1,248$666$176
46 years$6,666$3,871$2,149$1,153$604$154
47 years$6,450$3,694$2,019$1,065$549$135
48 years$6,244$3,526$1,897$985$498$118
49 years$6,047$3,367$1,783$910$453$104
50 years$5,858$3,217$1,677$841$411$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $6,000,000, adding $3,089 every year, while hoping to spend $20,029 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: 59/28/13 Blend
71$6,000,000$6,000,000$6,000,000$6,000,000
72$6,615,186$6,297,186$6,204,186$6,983,985
73$7,268,625$6,584,438$6,390,716$7,520,188
74$7,988,042$6,885,093$6,582,823$8,102,110
75$8,780,148$7,199,788$6,780,673$8,736,190
76$9,652,335$7,529,189$6,984,437$9,427,453
77$10,612,747$7,873,994$7,194,290$10,181,422
78$11,670,362$8,234,935$7,410,413$11,004,175
79$12,835,070$8,612,777$7,632,993$11,902,390
80$14,117,769$9,008,325$7,862,220$12,883,417
81$15,530,470$9,422,421$8,098,293$13,955,338
82$17,086,406$9,855,948$8,341,414$15,127,043
83$18,800,159$10,309,830$8,591,791$16,408,315
84$20,687,801$10,785,036$8,849,641$17,809,914
85$22,767,037$11,282,584$9,115,185$19,343,683
86$25,057,382$11,803,537$9,388,651$21,022,651
87$27,580,337$12,349,013$9,670,273$22,861,159
88$30,359,597$12,920,180$9,960,293$24,874,989
89$33,421,273$13,518,266$10,258,959$27,081,510
90$36,794,137$14,144,556$10,566,529$29,499,842
91$40,509,896$14,800,396$10,883,265$32,151,032
92$44,603,490$15,487,199$11,209,438$35,058,247
93$49,113,419$16,206,446$11,545,328$38,246,994
94$54,082,114$16,959,687$11,891,222$41,745,352
95$59,556,327$17,748,550$12,247,416$45,584,238
96$65,587,583$18,574,739$12,614,214$49,797,693
97$72,232,656$19,440,041$12,991,931$54,423,198
98$79,554,114$20,346,330$13,380,887$59,502,028
99$87,620,903$21,295,569$13,781,416$65,079,630
100$96,509,001$22,289,818$14,193,859$71,206,056