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

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$528,506$523,798$519,205$514,722$510,345$498,412
2 years$261,637$256,764$252,041$247,463$243,021$231,067
3 years$172,692$167,798$163,088$158,552$154,183$142,581
4 years$128,228$123,349$118,686$114,228$109,964$98,804
5 years$101,557$96,707$92,105$87,738$83,593$72,905
6 years$83,782$78,969$74,435$70,165$66,144$55,940
7 years$71,090$66,318$61,856$57,686$53,793$44,074
8 years$61,576$56,847$52,458$48,392$44,627$35,388
9 years$54,180$49,495$45,182$41,219$37,582$28,818
10 years$48,267$43,628$39,391$35,531$32,022$23,722
11 years$43,432$38,839$34,679$30,923$27,540$19,693
12 years$39,405$34,860$30,777$27,123$23,865$16,459
13 years$36,001$31,503$27,497$23,946$20,811$13,830
14 years$33,086$28,636$24,706$21,256$18,243$11,674
15 years$30,561$26,159$22,306$18,957$16,062$9,889
16 years$28,354$24,000$20,224$16,974$14,196$8,403
17 years$26,409$22,104$18,403$15,251$12,587$7,159
18 years$24,682$20,425$16,800$13,744$11,192$6,111
19 years$23,139$18,929$15,379$12,419$9,976$5,227
20 years$21,752$17,590$14,114$11,248$8,910$4,477
21 years$20,498$16,384$12,982$10,208$7,974$3,840
22 years$19,360$15,294$11,965$9,282$7,147$3,297
23 years$18,322$14,304$11,048$8,453$6,416$2,833
24 years$17,373$13,402$10,217$7,709$5,767$2,437
25 years$16,500$12,577$9,463$7,041$5,189$2,097
26 years$15,696$11,821$8,777$6,438$4,674$1,806
27 years$14,953$11,125$8,150$5,893$4,214$1,556
28 years$14,264$10,483$7,577$5,399$3,803$1,341
29 years$13,624$9,889$7,051$4,951$3,434$1,157
30 years$13,028$9,339$6,567$4,544$3,103$998
31 years$12,471$8,829$6,123$4,173$2,805$861
32 years$11,950$8,354$5,712$3,835$2,537$743
33 years$11,461$7,911$5,334$3,527$2,296$641
34 years$11,003$7,498$4,984$3,245$2,079$554
35 years$10,571$7,112$4,659$2,987$1,883$478
36 years$10,165$6,750$4,359$2,751$1,706$413
37 years$9,781$6,411$4,080$2,535$1,546$357
38 years$9,418$6,093$3,820$2,336$1,402$308
39 years$9,075$5,794$3,579$2,154$1,271$266
40 years$8,750$5,512$3,355$1,987$1,153$230
41 years$8,441$5,247$3,146$1,833$1,046$199
42 years$8,148$4,997$2,951$1,692$949$172
43 years$7,869$4,761$2,769$1,562$861$148
44 years$7,604$4,538$2,599$1,442$782$128
45 years$7,351$4,328$2,441$1,332$710$111
46 years$7,110$4,129$2,292$1,230$645$96
47 years$6,880$3,940$2,153$1,137$585$83
48 years$6,660$3,761$2,024$1,050$532$71
49 years$6,450$3,592$1,902$971$483$62
50 years$6,249$3,431$1,788$897$438$53

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 $3,533 every year, while hoping to spend $42,275 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$6,400,000$6,400,000$6,400,000$6,400,000
72$7,056,444$6,717,244$6,618,044$7,271,688
73$7,731,221$7,001,409$6,794,769$7,712,558
74$8,473,409$7,298,081$6,975,996$8,183,960
75$9,289,838$7,607,828$7,161,833$8,691,986
76$10,188,035$7,931,246$7,352,389$9,239,928
77$11,176,293$8,268,955$7,547,772$9,831,398
78$12,263,750$8,621,609$7,748,097$10,470,354
79$13,460,473$8,989,888$7,953,479$11,161,142
80$14,777,554$9,374,506$8,164,034$11,908,530
81$16,227,218$9,776,210$8,379,882$12,717,748
82$17,822,932$10,195,781$8,601,145$13,594,539
83$19,579,535$10,634,039$8,827,948$14,545,210
84$21,513,379$11,091,839$9,060,416$15,576,684
85$23,642,483$11,570,078$9,298,679$16,696,566
86$25,986,700$12,069,695$9,542,869$17,913,209
87$28,567,906$12,591,673$9,793,118$19,235,793
88$31,410,208$13,137,041$10,049,563$20,674,402
89$34,540,169$13,706,875$10,312,343$22,240,120
90$37,987,059$14,302,305$10,581,598$23,945,130
91$41,783,130$14,924,509$10,857,474$25,802,824
92$45,963,925$15,574,726$11,140,114$27,827,926
93$50,568,607$16,254,249$11,429,670$30,036,625
94$55,640,332$16,964,434$11,726,290$32,446,725
95$61,226,655$17,706,700$12,030,130$35,077,805
96$67,379,979$18,482,534$12,341,346$37,951,401
97$74,158,052$19,293,493$12,660,095$41,091,204
98$81,624,505$20,141,206$12,986,540$44,523,274
99$89,849,460$21,027,380$13,320,845$48,276,284
100$98,910,186$21,953,804$13,663,175$52,381,783