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%12%
1 years$528,506$523,798$519,205$514,722$510,345$506,069
2 years$261,637$256,764$252,041$247,463$243,021$238,712
3 years$172,692$167,798$163,088$158,552$154,183$149,973
4 years$128,228$123,349$118,686$114,228$109,964$105,887
5 years$101,557$96,707$92,105$87,738$83,593$79,660
6 years$83,782$78,969$74,435$70,165$66,144$62,361
7 years$71,090$66,318$61,856$57,686$53,793$50,160
8 years$61,576$56,847$52,458$48,392$44,627$41,145
9 years$54,180$49,495$45,182$41,219$37,582$34,250
10 years$48,267$43,628$39,391$35,531$32,022$28,838
11 years$43,432$38,839$34,679$30,923$27,540$24,502
12 years$39,405$34,860$30,777$27,123$23,865$20,970
13 years$36,001$31,503$27,497$23,946$20,811$18,055
14 years$33,086$28,636$24,706$21,256$18,243$15,623
15 years$30,561$26,159$22,306$18,957$16,062$13,575
16 years$28,354$24,000$20,224$16,974$14,196$11,837
17 years$26,409$22,104$18,403$15,251$12,587$10,353
18 years$24,682$20,425$16,800$13,744$11,192$9,078
19 years$23,139$18,929$15,379$12,419$9,976$7,977
20 years$21,752$17,590$14,114$11,248$8,910$7,024
21 years$20,498$16,384$12,982$10,208$7,974$6,194
22 years$19,360$15,294$11,965$9,282$7,147$5,471
23 years$18,322$14,304$11,048$8,453$6,416$4,838
24 years$17,373$13,402$10,217$7,709$5,767$4,283
25 years$16,500$12,577$9,463$7,041$5,189$3,796
26 years$15,696$11,821$8,777$6,438$4,674$3,366
27 years$14,953$11,125$8,150$5,893$4,214$2,988
28 years$14,264$10,483$7,577$5,399$3,803$2,654
29 years$13,624$9,889$7,051$4,951$3,434$2,358
30 years$13,028$9,339$6,567$4,544$3,103$2,097
31 years$12,471$8,829$6,123$4,173$2,805$1,865
32 years$11,950$8,354$5,712$3,835$2,537$1,660
33 years$11,461$7,911$5,334$3,527$2,296$1,478
34 years$11,003$7,498$4,984$3,245$2,079$1,316
35 years$10,571$7,112$4,659$2,987$1,883$1,172
36 years$10,165$6,750$4,359$2,751$1,706$1,045
37 years$9,781$6,411$4,080$2,535$1,546$931
38 years$9,418$6,093$3,820$2,336$1,402$830
39 years$9,075$5,794$3,579$2,154$1,271$740
40 years$8,750$5,512$3,355$1,987$1,153$660
41 years$8,441$5,247$3,146$1,833$1,046$588
42 years$8,148$4,997$2,951$1,692$949$525
43 years$7,869$4,761$2,769$1,562$861$468
44 years$7,604$4,538$2,599$1,442$782$418
45 years$7,351$4,328$2,441$1,332$710$373
46 years$7,110$4,129$2,292$1,230$645$332
47 years$6,880$3,940$2,153$1,137$585$297
48 years$6,660$3,761$2,024$1,050$532$265
49 years$6,450$3,592$1,902$971$483$236
50 years$6,249$3,431$1,788$897$438$211

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 $4,678 every year, while hoping to spend $44,591 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: 66/7/27 Blend
71$6,400,000$6,400,000$6,400,000$6,400,000
72$7,057,625$6,718,425$6,619,225$7,473,163
73$7,730,059$7,000,184$6,793,525$8,035,735
74$8,469,586$7,294,254$6,972,169$8,645,170
75$9,283,003$7,601,192$7,155,256$9,310,536
76$10,177,798$7,921,579$7,342,887$10,037,349
77$11,162,223$8,256,026$7,535,162$10,831,683
78$12,245,367$8,605,168$7,732,187$11,700,227
79$13,437,246$8,969,673$7,934,068$12,650,343
80$14,748,897$9,350,239$8,140,911$13,690,140
81$16,192,480$9,747,596$8,352,826$14,828,547
82$17,781,392$10,162,508$8,569,926$16,075,395
83$19,530,398$10,595,775$8,792,322$17,441,513
84$21,455,765$11,048,234$9,020,131$18,938,826
85$23,575,417$11,520,761$9,253,469$20,580,469
86$25,909,105$12,014,274$9,492,456$22,380,906
87$28,478,592$12,529,732$9,737,212$24,356,073
88$31,307,861$13,068,141$9,987,860$26,523,518
89$34,423,334$13,630,552$10,244,526$28,902,573
90$37,854,132$14,218,066$10,507,335$31,514,533
91$41,632,338$14,831,836$10,776,415$34,382,855
92$45,793,310$15,473,070$11,051,899$37,533,380
93$50,376,007$16,143,029$11,333,917$40,994,573
94$55,423,360$16,843,038$11,622,603$44,797,794
95$60,982,677$17,574,481$11,918,094$48,977,590
96$67,106,087$18,338,808$12,220,528$53,572,021
97$73,851,035$19,137,537$12,530,043$58,623,019
98$81,280,822$19,972,257$12,846,780$64,176,781
99$89,465,202$20,844,634$13,170,884$70,284,201
100$98,481,042$21,756,410$13,502,497$77,001,355