Can I retire at age 72 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$536,764$531,983$527,318$522,765$518,319$508,270
2 years$265,725$260,776$255,980$251,329$246,819$236,735
3 years$175,390$170,420$165,636$161,029$156,592$146,788
4 years$130,232$125,277$120,540$116,012$111,683$102,234
5 years$103,144$98,218$93,544$89,109$84,899$75,834
6 years$85,091$80,203$75,598$71,261$67,178$58,505
7 years$72,201$67,354$62,822$58,588$54,634$46,355
8 years$62,538$57,735$53,278$49,148$45,324$37,437
9 years$55,027$50,269$45,888$41,863$38,169$30,670
10 years$49,021$44,309$40,007$36,086$32,522$25,403
11 years$44,110$39,446$35,221$31,406$27,970$21,222
12 years$40,021$35,405$31,258$27,547$24,238$17,853
13 years$36,563$31,995$27,927$24,320$21,136$15,102
14 years$33,602$29,083$25,092$21,589$18,528$12,834
15 years$31,039$26,568$22,655$19,253$16,313$10,948
16 years$28,797$24,375$20,540$17,239$14,418$9,369
17 years$26,822$22,449$18,691$15,489$12,784$8,039
18 years$25,068$20,744$17,062$13,959$11,367$6,914
19 years$23,500$19,225$15,620$12,613$10,132$5,957
20 years$22,091$17,865$14,335$11,424$9,050$5,141
21 years$20,818$16,640$13,185$10,368$8,098$4,443
22 years$19,662$15,533$12,152$9,427$7,259$3,844
23 years$18,609$14,528$11,221$8,585$6,516$3,330
24 years$17,644$13,612$10,377$7,830$5,857$2,886
25 years$16,758$12,774$9,611$7,151$5,270$2,504
26 years$15,941$12,005$8,914$6,538$4,747$2,174
27 years$15,187$11,299$8,277$5,985$4,280$1,888
28 years$14,487$10,647$7,695$5,483$3,862$1,641
29 years$13,837$10,044$7,161$5,028$3,487$1,427
30 years$13,231$9,485$6,670$4,615$3,151$1,241
31 years$12,666$8,967$6,218$4,238$2,849$1,079
32 years$12,137$8,484$5,802$3,895$2,577$939
33 years$11,641$8,035$5,417$3,582$2,332$818
34 years$11,175$7,615$5,061$3,296$2,111$712
35 years$10,736$7,223$4,732$3,034$1,912$620
36 years$10,324$6,856$4,427$2,794$1,733$540
37 years$9,934$6,511$4,143$2,574$1,570$470
38 years$9,565$6,188$3,880$2,373$1,424$410
39 years$9,217$5,884$3,635$2,188$1,291$357
40 years$8,887$5,598$3,407$2,018$1,171$311
41 years$8,573$5,329$3,195$1,862$1,062$271
42 years$8,275$5,075$2,997$1,718$964$236
43 years$7,992$4,836$2,812$1,586$875$206
44 years$7,723$4,609$2,640$1,465$794$179
45 years$7,466$4,395$2,479$1,353$721$156
46 years$7,221$4,193$2,328$1,249$655$136
47 years$6,988$4,002$2,187$1,154$594$119
48 years$6,764$3,820$2,055$1,067$540$104
49 years$6,551$3,648$1,932$986$490$90
50 years$6,346$3,485$1,816$911$445$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $6,500,000, adding $2,869 every year, while hoping to spend $59,492 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: 60/29/11 Blend
71$6,500,000$6,500,000$6,500,000$6,500,000
72$7,165,959$6,821,459$6,720,709$7,577,098
73$7,833,588$7,092,412$6,882,554$8,124,601
74$8,567,321$7,374,647$7,047,827$8,714,551
75$9,373,838$7,668,655$7,216,579$9,356,607
76$10,260,499$7,974,948$7,388,863$10,055,798
77$11,235,410$8,294,061$7,564,731$10,817,654
78$12,307,505$8,626,553$7,744,233$11,648,256
79$13,486,625$8,973,009$7,927,419$12,554,295
80$14,783,614$9,334,040$8,114,341$13,543,133
81$16,210,419$9,710,283$8,305,047$14,622,870
82$17,780,202$10,102,407$8,499,586$15,802,417
83$19,507,467$10,511,110$8,698,007$17,091,582
84$21,408,194$10,937,120$8,900,355$18,501,158
85$23,499,990$11,381,199$9,106,678$20,043,025
86$25,802,257$11,844,146$9,317,020$21,730,258
87$28,336,371$12,326,793$9,531,424$23,577,251
88$31,125,887$12,830,012$9,749,932$25,599,848
89$34,196,758$13,354,713$9,972,586$27,815,491
90$37,577,583$13,901,850$10,199,423$30,243,384
91$41,299,874$14,472,418$10,430,482$32,904,670
92$45,398,354$15,067,459$10,665,796$35,822,630
93$49,911,285$15,688,063$10,905,398$39,022,897
94$54,880,827$16,335,370$11,149,320$42,533,699
95$60,353,438$17,010,569$11,397,589$46,386,119
96$66,380,311$17,714,909$11,650,230$50,614,388
97$73,017,855$18,449,692$11,907,265$55,256,203
98$80,328,231$19,216,282$12,168,714$60,353,083
99$88,379,937$20,016,106$12,434,592$65,950,754
100$97,248,450$20,850,655$12,704,911$72,099,578