Can I retire at age 72 with 6,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$520,248$515,614$511,093$506,680$502,371$482,629
2 years$257,549$252,752$248,103$243,596$239,224$219,577
3 years$169,994$165,176$160,539$156,074$151,774$132,838
4 years$126,225$121,422$116,831$112,443$108,246$90,168
5 years$99,970$95,196$90,666$86,367$82,287$65,111
6 years$82,473$77,735$73,272$69,068$65,111$48,849
7 years$69,980$65,282$60,889$56,785$52,953$37,599
8 years$60,614$55,958$51,639$47,635$43,929$29,468
9 years$53,333$48,722$44,476$40,575$36,995$23,405
10 years$47,512$42,946$38,776$34,976$31,521$18,777
11 years$42,753$38,232$34,137$30,439$27,110$15,180
12 years$38,789$34,315$30,296$26,700$23,493$12,347
13 years$35,438$31,011$27,068$23,572$20,486$10,091
14 years$32,569$28,188$24,320$20,924$17,958$8,279
15 years$30,084$25,750$21,958$18,661$15,812$6,813
16 years$27,911$23,625$19,908$16,709$13,974$5,621
17 years$25,997$21,758$18,116$15,013$12,391$4,647
18 years$24,297$20,106$16,537$13,529$11,017$3,848
19 years$22,777$18,634$15,139$12,225$9,820$3,191
20 years$21,412$17,315$13,894$11,072$8,771$2,649
21 years$20,178$16,128$12,780$10,049$7,849$2,201
22 years$19,057$15,055$11,778$9,136$7,036$1,830
23 years$18,036$14,081$10,875$8,321$6,316$1,523
24 years$17,101$13,193$10,058$7,589$5,677$1,268
25 years$16,242$12,381$9,316$6,931$5,108$1,056
26 years$15,451$11,636$8,640$6,337$4,601$880
27 years$14,719$10,951$8,023$5,801$4,148$733
28 years$14,041$10,319$7,458$5,315$3,743$611
29 years$13,411$9,735$6,940$4,874$3,380$510
30 years$12,824$9,193$6,465$4,473$3,054$425
31 years$12,276$8,691$6,027$4,108$2,761$355
32 years$11,763$8,223$5,623$3,775$2,498$296
33 years$11,282$7,788$5,250$3,472$2,260$247
34 years$10,831$7,381$4,906$3,194$2,047$206
35 years$10,406$7,001$4,586$2,940$1,854$172
36 years$10,006$6,645$4,291$2,708$1,679$143
37 years$9,628$6,311$4,016$2,495$1,522$120
38 years$9,271$5,998$3,761$2,300$1,380$100
39 years$8,933$5,703$3,523$2,121$1,251$83
40 years$8,613$5,426$3,302$1,956$1,135$70
41 years$8,309$5,165$3,097$1,805$1,030$58
42 years$8,021$4,919$2,905$1,665$934$48
43 years$7,746$4,687$2,726$1,537$848$40
44 years$7,485$4,468$2,559$1,419$770$34
45 years$7,236$4,260$2,402$1,311$699$28
46 years$6,999$4,064$2,256$1,211$634$24
47 years$6,773$3,878$2,120$1,119$576$20
48 years$6,556$3,702$1,992$1,034$523$16
49 years$6,349$3,536$1,872$955$475$14
50 years$6,151$3,377$1,760$883$432$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $6,300,000, adding $4,036 every year, while hoping to spend $52,942 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: 50/43/7 Blend
71$6,300,000$6,300,000$6,300,000$6,300,000
72$6,946,763$6,612,863$6,515,213$7,281,564
73$7,599,003$6,880,564$6,677,143$7,777,916
74$8,315,997$7,159,607$6,842,723$8,310,959
75$9,104,294$7,450,493$7,012,020$8,888,905
76$9,971,110$7,753,745$7,185,100$9,515,970
77$10,924,393$8,069,908$7,362,031$10,196,786
78$11,972,903$8,399,555$7,542,880$10,936,441
79$13,126,288$8,743,283$7,727,716$11,740,528
80$14,395,181$9,101,716$7,916,606$12,615,191
81$15,791,297$9,475,507$8,109,620$13,567,184
82$17,327,543$9,865,340$8,306,826$14,603,934
83$19,018,140$10,271,930$8,508,292$15,733,603
84$20,878,758$10,696,022$8,714,088$16,965,167
85$22,926,664$11,138,399$8,924,282$18,308,499
86$25,180,881$11,599,879$9,138,943$19,774,453
87$27,662,374$12,081,315$9,358,140$21,374,972
88$30,394,239$12,583,603$9,581,941$23,123,192
89$33,401,929$13,107,677$9,810,414$25,033,562
90$36,713,489$13,654,516$10,043,626$27,121,983
91$40,359,822$14,225,145$10,281,644$29,405,949
92$44,374,979$14,820,633$10,524,535$31,904,710
93$48,796,485$15,442,101$10,772,365$34,639,453
94$53,665,684$16,090,722$11,025,197$37,633,492
95$59,028,139$16,767,722$11,283,096$40,912,490
96$64,934,053$17,474,385$11,546,123$44,504,693
97$71,438,749$18,212,053$11,814,342$48,441,194
98$78,603,189$18,982,131$12,087,810$52,756,222
99$86,494,550$19,786,090$12,366,586$57,487,458
100$95,186,855$20,625,470$12,650,728$62,676,389