Can I retire at age 72 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$545,022$540,167$535,431$530,807$526,293$508,429
2 years$269,813$264,788$259,918$255,196$250,616$232,797
3 years$178,088$173,042$168,184$163,506$159,001$141,787
4 years$132,235$127,204$122,395$117,797$113,401$96,924
5 years$104,731$99,729$94,983$90,480$86,206$70,509
6 years$86,400$81,437$76,761$72,357$68,211$53,308
7 years$73,312$68,390$63,789$59,489$55,474$41,361
8 years$63,500$58,623$54,098$49,904$46,021$32,687
9 years$55,873$51,042$46,594$42,507$38,757$26,186
10 years$49,775$44,991$40,622$36,641$33,022$21,194
11 years$44,789$40,053$35,763$31,889$28,400$17,292
12 years$40,637$35,949$31,739$27,971$24,611$14,197
13 years$37,126$32,488$28,356$24,694$21,461$11,714
14 years$34,119$29,530$25,478$21,921$18,813$9,705
15 years$31,516$26,977$23,004$19,549$16,564$8,067
16 years$29,240$24,750$20,856$17,504$14,640$6,723
17 years$27,235$22,794$18,978$15,728$12,981$5,615
18 years$25,454$21,063$17,325$14,174$11,542$4,699
19 years$23,862$19,521$15,860$12,807$10,287$3,938
20 years$22,431$18,140$14,555$11,599$9,189$3,304
21 years$21,139$16,896$13,388$10,527$8,223$2,776
22 years$19,965$15,772$12,339$9,572$7,371$2,334
23 years$18,895$14,751$11,393$8,717$6,616$1,963
24 years$17,915$13,821$10,537$7,950$5,947$1,653
25 years$17,016$12,970$9,759$7,261$5,351$1,392
26 years$16,187$12,190$9,051$6,639$4,820$1,173
27 years$15,420$11,472$8,405$6,077$4,346$989
28 years$14,710$10,810$7,813$5,568$3,921$834
29 years$14,050$10,198$7,271$5,106$3,541$703
30 years$13,435$9,631$6,773$4,686$3,199$593
31 years$12,861$9,105$6,314$4,303$2,893$501
32 years$12,323$8,615$5,891$3,955$2,617$422
33 years$11,820$8,158$5,500$3,637$2,368$357
34 years$11,347$7,732$5,139$3,346$2,144$301
35 years$10,902$7,334$4,805$3,080$1,942$254
36 years$10,482$6,961$4,495$2,837$1,759$214
37 years$10,087$6,611$4,207$2,614$1,595$181
38 years$9,713$6,283$3,940$2,409$1,446$153
39 years$9,359$5,975$3,691$2,221$1,311$129
40 years$9,023$5,684$3,460$2,049$1,189$109
41 years$8,705$5,411$3,244$1,890$1,079$92
42 years$8,403$5,153$3,043$1,745$979$78
43 years$8,115$4,910$2,856$1,611$888$66
44 years$7,842$4,680$2,680$1,487$806$55
45 years$7,581$4,463$2,517$1,373$732$47
46 years$7,332$4,258$2,364$1,269$665$40
47 years$7,095$4,063$2,221$1,172$604$33
48 years$6,868$3,879$2,087$1,083$548$28
49 years$6,651$3,704$1,962$1,001$498$24
50 years$6,444$3,538$1,844$925$452$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $6,600,000, adding $3,990 every year, while hoping to spend $52,628 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: 39/40/21 Blend
71$6,600,000$6,600,000$6,600,000$6,600,000
72$7,277,316$6,927,516$6,825,216$7,515,468
73$7,963,606$7,210,968$6,997,865$7,970,821
74$8,718,134$7,506,546$7,174,533$8,457,587
75$9,547,805$7,814,788$7,355,301$8,982,855
76$10,460,225$8,136,256$7,540,248$9,550,148
77$11,463,776$8,471,541$7,729,455$10,163,333
78$12,567,693$8,821,258$7,923,003$10,826,655
79$13,782,150$9,186,052$8,120,975$11,544,775
80$15,118,356$9,566,595$8,323,455$12,322,812
81$16,588,664$9,963,594$8,530,526$13,166,389
82$18,206,683$10,377,785$8,742,274$14,081,682
83$19,987,407$10,809,940$8,958,783$15,075,479
84$21,947,361$11,260,865$9,180,141$16,155,238
85$24,104,749$11,731,404$9,406,432$17,329,157
86$26,479,631$12,222,441$9,637,745$18,606,246
87$29,094,111$12,734,899$9,874,168$19,996,412
88$31,972,546$13,269,744$10,115,788$21,510,547
89$35,141,772$13,827,988$10,362,693$23,160,630
90$38,631,362$14,410,688$10,614,973$24,959,833
91$42,473,902$15,018,953$10,872,715$26,922,645
92$46,705,298$15,653,940$11,136,009$29,065,004
93$51,365,117$16,316,861$11,404,944$31,404,442
94$56,496,957$17,008,986$11,679,609$33,960,250
95$62,148,863$17,731,642$11,960,091$36,753,651
96$68,373,773$18,486,219$12,246,480$39,808,002
97$75,230,024$19,274,170$12,538,863$43,149,002
98$82,781,900$20,097,017$12,837,329$46,804,938
99$91,100,237$20,956,355$13,141,962$50,806,941
100$100,263,093$21,853,849$13,452,851$55,189,279