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%16.8%
1 years$503,732$499,245$494,868$490,595$486,423$472,938
2 years$249,372$244,728$240,227$235,863$231,630$218,145
3 years$164,597$159,933$155,443$151,120$146,955$133,892
4 years$122,217$117,567$113,123$108,873$104,810$92,269
5 years$96,796$92,174$87,788$83,625$79,675$67,691
6 years$79,855$75,267$70,946$66,876$63,044$51,628
7 years$67,758$63,209$58,956$54,982$51,272$40,424
8 years$58,690$54,182$49,999$46,123$42,535$32,249
9 years$51,640$47,175$43,064$39,287$35,820$26,088
10 years$46,004$41,583$37,545$33,866$30,521$21,328
11 years$41,396$37,019$33,054$29,473$26,249$17,582
12 years$37,558$33,226$29,334$25,852$22,747$14,588
13 years$34,313$30,026$26,208$22,823$19,836$12,169
14 years$31,535$27,293$23,548$20,260$17,388$10,194
15 years$29,129$24,933$21,261$18,068$15,310$8,569
16 years$27,025$22,875$19,276$16,178$13,531$7,225
17 years$25,171$21,067$17,540$14,536$11,997$6,106
18 years$23,525$19,467$16,012$13,100$10,667$5,170
19 years$22,054$18,042$14,658$11,837$9,508$4,386
20 years$20,732$16,766$13,453$10,721$8,493$3,725
21 years$19,537$15,616$12,374$9,730$7,600$3,168
22 years$18,452$14,577$11,405$8,846$6,812$2,697
23 years$17,463$13,634$10,530$8,057$6,115$2,298
24 years$16,558$12,774$9,739$7,348$5,496$1,959
25 years$15,727$11,988$9,020$6,711$4,946$1,671
26 years$14,960$11,267$8,365$6,136$4,455$1,427
27 years$14,252$10,603$7,768$5,616$4,017$1,218
28 years$13,596$9,991$7,221$5,146$3,624$1,041
29 years$12,985$9,426$6,720$4,719$3,273$889
30 years$12,417$8,902$6,260$4,331$2,957$760
31 years$11,886$8,415$5,836$3,977$2,673$650
32 years$11,390$7,962$5,445$3,655$2,418$556
33 years$10,924$7,540$5,084$3,361$2,189$475
34 years$10,487$7,147$4,750$3,093$1,982$407
35 years$10,076$6,778$4,441$2,847$1,795$348
36 years$9,688$6,434$4,154$2,622$1,626$298
37 years$9,322$6,111$3,888$2,416$1,474$255
38 years$8,977$5,807$3,641$2,227$1,336$218
39 years$8,650$5,522$3,412$2,053$1,212$187
40 years$8,340$5,254$3,198$1,894$1,099$160
41 years$8,046$5,001$2,998$1,747$997$137
42 years$7,766$4,763$2,813$1,613$905$117
43 years$7,501$4,538$2,639$1,489$821$100
44 years$7,248$4,326$2,477$1,374$745$86
45 years$7,007$4,125$2,326$1,269$677$73
46 years$6,777$3,935$2,185$1,172$614$63
47 years$6,558$3,755$2,053$1,083$558$54
48 years$6,348$3,585$1,929$1,001$507$46
49 years$6,148$3,423$1,813$925$460$39
50 years$5,956$3,270$1,704$855$418$34

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 $3,904 every year, while hoping to spend $23,591 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: 34/48/18 Blend
71$6,100,000$6,100,000$6,100,000$6,100,000
72$6,726,227$6,402,927$6,308,377$6,917,473
73$7,387,201$6,691,570$6,494,607$7,346,980
74$8,114,805$6,993,565$6,686,285$7,807,368
75$8,915,808$7,309,543$6,883,569$8,303,342
76$9,797,672$7,640,163$7,086,620$8,838,060
77$10,768,619$7,986,115$7,295,606$9,414,981
78$11,837,707$8,348,123$7,510,698$10,037,897
79$13,014,919$8,726,947$7,732,072$10,710,961
80$14,311,254$9,123,381$7,959,909$11,438,730
81$15,738,832$9,538,257$8,194,397$12,226,199
82$17,311,011$9,972,449$8,435,727$13,078,847
83$19,042,506$10,426,872$8,684,096$14,002,686
84$20,949,536$10,902,483$8,939,708$15,004,312
85$23,049,971$11,400,286$9,202,770$16,090,966
86$25,363,503$11,921,335$9,473,498$17,270,596
87$27,911,832$12,466,732$9,752,111$18,551,928
88$30,718,870$13,037,633$10,038,838$19,944,547
89$33,810,966$13,635,249$10,333,911$21,458,979
90$37,217,158$14,260,850$10,637,571$23,106,787
91$40,969,442$14,915,765$10,950,063$24,900,674
92$45,103,077$15,601,389$11,271,642$26,854,602
93$49,656,918$16,319,184$11,602,569$28,983,913
94$54,673,780$17,070,681$11,943,111$31,305,470
95$60,200,845$17,857,484$12,293,545$33,837,811
96$66,290,107$18,681,276$12,654,154$36,601,316
97$72,998,860$19,543,821$13,025,231$39,618,395
98$80,390,241$20,446,965$13,407,073$42,913,690
99$88,533,826$21,392,647$13,799,991$46,514,303
100$97,506,286$22,382,897$14,204,301$50,450,042