Can I retire at age 72 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$503,732$499,245$494,868$490,595$486,423$476,992
2 years$249,372$244,728$240,227$235,863$231,630$222,167
3 years$164,597$159,933$155,443$151,120$146,955$137,755
4 years$122,217$117,567$113,123$108,873$104,810$95,943
5 years$96,796$92,174$87,788$83,625$79,675$71,167
6 years$79,855$75,267$70,946$66,876$63,044$54,904
7 years$67,758$63,209$58,956$54,982$51,272$43,502
8 years$58,690$54,182$49,999$46,123$42,535$35,133
9 years$51,640$47,175$43,064$39,287$35,820$28,782
10 years$46,004$41,583$37,545$33,866$30,521$23,839
11 years$41,396$37,019$33,054$29,473$26,249$19,916
12 years$37,558$33,226$29,334$25,852$22,747$16,754
13 years$34,313$30,026$26,208$22,823$19,836$14,173
14 years$31,535$27,293$23,548$20,260$17,388$12,044
15 years$29,129$24,933$21,261$18,068$15,310$10,275
16 years$27,025$22,875$19,276$16,178$13,531$8,793
17 years$25,171$21,067$17,540$14,536$11,997$7,545
18 years$23,525$19,467$16,012$13,100$10,667$6,488
19 years$22,054$18,042$14,658$11,837$9,508$5,590
20 years$20,732$16,766$13,453$10,721$8,493$4,825
21 years$19,537$15,616$12,374$9,730$7,600$4,169
22 years$18,452$14,577$11,405$8,846$6,812$3,608
23 years$17,463$13,634$10,530$8,057$6,115$3,125
24 years$16,558$12,774$9,739$7,348$5,496$2,709
25 years$15,727$11,988$9,020$6,711$4,946$2,350
26 years$14,960$11,267$8,365$6,136$4,455$2,040
27 years$14,252$10,603$7,768$5,616$4,017$1,772
28 years$13,596$9,991$7,221$5,146$3,624$1,540
29 years$12,985$9,426$6,720$4,719$3,273$1,339
30 years$12,417$8,902$6,260$4,331$2,957$1,164
31 years$11,886$8,415$5,836$3,977$2,673$1,013
32 years$11,390$7,962$5,445$3,655$2,418$882
33 years$10,924$7,540$5,084$3,361$2,189$767
34 years$10,487$7,147$4,750$3,093$1,982$668
35 years$10,076$6,778$4,441$2,847$1,795$582
36 years$9,688$6,434$4,154$2,622$1,626$507
37 years$9,322$6,111$3,888$2,416$1,474$441
38 years$8,977$5,807$3,641$2,227$1,336$384
39 years$8,650$5,522$3,412$2,053$1,212$335
40 years$8,340$5,254$3,198$1,894$1,099$292
41 years$8,046$5,001$2,998$1,747$997$254
42 years$7,766$4,763$2,813$1,613$905$222
43 years$7,501$4,538$2,639$1,489$821$193
44 years$7,248$4,326$2,477$1,374$745$168
45 years$7,007$4,125$2,326$1,269$677$147
46 years$6,777$3,935$2,185$1,172$614$128
47 years$6,558$3,755$2,053$1,083$558$111
48 years$6,348$3,585$1,929$1,001$507$97
49 years$6,148$3,423$1,813$925$460$85
50 years$5,956$3,270$1,704$855$418$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $6,100,000, adding $3,447 every year, while hoping to spend $40,855 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: 36/46/18 Blend
71$6,100,000$6,100,000$6,100,000$6,100,000
72$6,725,756$6,402,456$6,307,906$6,930,910
73$7,368,313$6,672,707$6,475,751$7,350,527
74$8,075,043$6,954,830$6,647,850$7,799,142
75$8,852,446$7,249,366$6,824,302$8,282,596
76$9,707,687$7,556,877$7,005,208$8,804,023
77$10,648,660$7,877,953$7,190,672$9,366,858
78$11,684,063$8,213,212$7,380,798$9,974,869
79$12,823,477$8,563,299$7,575,695$10,632,189
80$14,077,463$8,928,892$7,775,471$11,343,356
81$15,457,653$9,310,697$7,980,239$12,113,345
82$16,976,869$9,709,455$8,190,112$12,947,622
83$18,649,234$10,125,943$8,405,205$13,852,187
84$20,490,313$10,560,972$8,625,636$14,833,627
85$22,517,256$11,015,390$8,851,526$15,899,179
86$24,748,960$11,490,089$9,082,997$17,056,793
87$27,206,250$11,985,999$9,320,173$18,315,200
88$29,912,069$12,504,094$9,563,180$19,683,999
89$32,891,701$13,045,396$9,812,148$21,173,736
90$36,173,006$13,610,972$10,067,207$22,796,005
91$39,786,685$14,201,942$10,328,490$24,563,548
92$43,766,566$14,819,477$10,596,134$26,490,377
93$48,149,927$15,464,802$10,870,275$28,591,899
94$52,977,844$16,139,202$11,151,054$30,885,055
95$58,295,582$16,844,021$11,438,613$33,388,477
96$64,153,021$17,580,667$11,733,096$36,122,661
97$70,605,124$18,350,615$12,034,649$39,110,151
98$77,712,459$19,155,407$12,343,423$42,375,746
99$85,541,769$19,996,662$12,659,566$45,946,736
100$94,166,602$20,876,071$12,983,234$49,853,141