Can I retire at age 72 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$528,506$523,798$519,205$514,722$510,345$493,613
2 years$261,637$256,764$252,041$247,463$243,021$226,324
3 years$172,692$167,798$163,088$158,552$154,183$138,044
4 years$128,228$123,349$118,686$114,228$109,964$94,508
5 years$101,557$96,707$92,105$87,738$83,593$68,860
6 years$83,782$78,969$74,435$70,165$66,144$52,147
7 years$71,090$66,318$61,856$57,686$53,793$40,530
8 years$61,576$56,847$52,458$48,392$44,627$32,087
9 years$54,180$49,495$45,182$41,219$37,582$25,752
10 years$48,267$43,628$39,391$35,531$32,022$20,883
11 years$43,432$38,839$34,679$30,923$27,540$17,071
12 years$39,405$34,860$30,777$27,123$23,865$14,043
13 years$36,001$31,503$27,497$23,946$20,811$11,611
14 years$33,086$28,636$24,706$21,256$18,243$9,640
15 years$30,561$26,159$22,306$18,957$16,062$8,030
16 years$28,354$24,000$20,224$16,974$14,196$6,707
17 years$26,409$22,104$18,403$15,251$12,587$5,614
18 years$24,682$20,425$16,800$13,744$11,192$4,708
19 years$23,139$18,929$15,379$12,419$9,976$3,955
20 years$21,752$17,590$14,114$11,248$8,910$3,326
21 years$20,498$16,384$12,982$10,208$7,974$2,800
22 years$19,360$15,294$11,965$9,282$7,147$2,360
23 years$18,322$14,304$11,048$8,453$6,416$1,990
24 years$17,373$13,402$10,217$7,709$5,767$1,679
25 years$16,500$12,577$9,463$7,041$5,189$1,418
26 years$15,696$11,821$8,777$6,438$4,674$1,198
27 years$14,953$11,125$8,150$5,893$4,214$1,012
28 years$14,264$10,483$7,577$5,399$3,803$855
29 years$13,624$9,889$7,051$4,951$3,434$723
30 years$13,028$9,339$6,567$4,544$3,103$612
31 years$12,471$8,829$6,123$4,173$2,805$517
32 years$11,950$8,354$5,712$3,835$2,537$438
33 years$11,461$7,911$5,334$3,527$2,296$370
34 years$11,003$7,498$4,984$3,245$2,079$313
35 years$10,571$7,112$4,659$2,987$1,883$265
36 years$10,165$6,750$4,359$2,751$1,706$224
37 years$9,781$6,411$4,080$2,535$1,546$190
38 years$9,418$6,093$3,820$2,336$1,402$161
39 years$9,075$5,794$3,579$2,154$1,271$136
40 years$8,750$5,512$3,355$1,987$1,153$115
41 years$8,441$5,247$3,146$1,833$1,046$98
42 years$8,148$4,997$2,951$1,692$949$83
43 years$7,869$4,761$2,769$1,562$861$70
44 years$7,604$4,538$2,599$1,442$782$59
45 years$7,351$4,328$2,441$1,332$710$50
46 years$7,110$4,129$2,292$1,230$645$42
47 years$6,880$3,940$2,153$1,137$585$36
48 years$6,660$3,761$2,024$1,050$532$30
49 years$6,450$3,592$1,902$971$483$26
50 years$6,249$3,431$1,788$897$438$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $6,400,000, adding $6,947 every year, while hoping to spend $54,949 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: 58/36/6 Blend
71$6,400,000$6,400,000$6,400,000$6,400,000
72$7,059,966$6,720,766$6,621,566$7,460,516
73$7,721,617$6,991,618$6,784,923$8,001,004
74$8,448,915$7,273,900$6,951,911$8,582,965
75$9,248,498$7,568,115$7,122,593$9,215,867
76$10,127,678$7,874,786$7,297,034$9,904,587
77$11,094,514$8,194,463$7,475,297$10,654,486
78$12,157,882$8,527,720$7,657,447$11,471,459
79$13,327,563$8,875,155$7,843,549$12,361,988
80$14,614,334$9,237,397$8,033,667$13,333,201
81$16,030,066$9,615,100$8,227,865$14,392,939
82$17,587,843$10,008,950$8,426,209$15,549,826
83$19,302,079$10,419,664$8,628,763$16,813,352
84$21,188,656$10,847,992$8,835,591$18,193,953
85$23,265,073$11,294,718$9,046,757$19,703,116
86$25,550,612$11,760,661$9,262,325$21,353,478
87$28,066,520$12,246,679$9,482,359$23,158,947
88$30,836,208$12,753,669$9,706,921$25,134,830
89$33,885,471$13,282,569$9,936,073$27,297,971
90$37,242,735$13,834,360$10,169,877$29,666,915
91$40,939,319$14,410,069$10,408,393$32,262,070
92$45,009,736$15,010,769$10,651,680$35,105,906
93$49,492,016$15,637,583$10,899,798$38,223,158
94$54,428,063$16,291,687$11,152,804$41,641,057
95$59,864,056$16,974,310$11,410,752$45,389,585
96$65,850,876$17,686,737$11,673,699$49,501,754
97$72,444,593$18,430,315$11,941,696$54,013,914
98$79,706,992$19,206,452$12,214,793$58,966,090
99$87,706,158$20,016,620$12,493,041$64,402,357
100$96,517,113$20,862,362$12,776,485$70,371,255