Can I retire at age 72 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$553,280$548,351$543,543$538,850$534,267$527,373
2 years$273,901$268,800$263,856$259,063$254,413$247,477
3 years$180,787$175,664$170,732$165,984$161,410$154,647
4 years$134,239$129,131$124,249$119,582$115,119$108,582
5 years$106,317$101,241$96,423$91,850$87,512$81,220
6 years$87,709$82,671$77,924$73,454$69,245$63,206
7 years$74,423$69,427$64,755$60,390$56,315$50,530
8 years$64,463$59,511$54,917$50,660$46,718$41,188
9 years$56,720$51,815$47,300$43,151$39,344$34,065
10 years$50,529$45,673$41,238$37,197$33,523$28,492
11 years$45,467$40,660$36,305$32,372$28,831$24,044
12 years$41,252$36,494$32,220$28,395$24,984$20,435
13 years$37,689$32,980$28,786$25,068$21,787$17,469
14 years$34,636$29,978$25,864$22,253$19,098$15,007
15 years$31,994$27,385$23,352$19,846$16,815$12,943
16 years$29,684$25,125$21,172$17,770$14,862$11,201
17 years$27,647$23,140$19,266$15,966$13,177$9,721
18 years$25,839$21,382$17,587$14,388$11,717$8,457
19 years$24,224$19,817$16,100$13,001$10,443$7,373
20 years$22,771$18,415$14,776$11,775$9,328$6,439
21 years$21,459$17,152$13,591$10,687$8,348$5,633
22 years$20,267$16,011$12,526$9,717$7,482$4,934
23 years$19,181$14,975$11,566$8,849$6,717$4,326
24 years$18,187$14,031$10,696$8,071$6,037$3,798
25 years$17,274$13,167$9,907$7,371$5,432$3,337
26 years$16,432$12,375$9,188$6,739$4,893$2,934
27 years$15,654$11,646$8,532$6,169$4,412$2,581
28 years$14,933$10,974$7,932$5,652$3,981$2,272
29 years$14,263$10,353$7,381$5,183$3,595$2,002
30 years$13,638$9,777$6,875$4,757$3,248$1,764
31 years$13,055$9,243$6,410$4,369$2,936$1,555
32 years$12,510$8,745$5,980$4,015$2,656$1,371
33 years$11,999$8,282$5,584$3,692$2,404$1,210
34 years$11,519$7,850$5,217$3,397$2,176$1,067
35 years$11,067$7,445$4,878$3,127$1,971$942
36 years$10,641$7,067$4,563$2,880$1,786$832
37 years$10,239$6,712$4,271$2,654$1,619$734
38 years$9,860$6,378$3,999$2,446$1,468$648
39 years$9,500$6,065$3,747$2,255$1,331$573
40 years$9,160$5,771$3,512$2,080$1,207$506
41 years$8,837$5,493$3,293$1,919$1,095$447
42 years$8,530$5,231$3,089$1,771$994$395
43 years$8,238$4,984$2,899$1,635$902$349
44 years$7,961$4,751$2,721$1,510$819$308
45 years$7,696$4,531$2,555$1,394$743$272
46 years$7,444$4,322$2,400$1,288$675$241
47 years$7,203$4,125$2,254$1,190$613$213
48 years$6,972$3,938$2,119$1,099$556$188
49 years$6,752$3,760$1,991$1,016$505$166
50 years$6,542$3,592$1,872$939$459$147

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $6,700,000, adding $3,896 every year, while hoping to spend $53,447 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: 63/14/23 Blend
71$6,700,000$6,700,000$6,700,000$6,700,000
72$7,387,419$7,032,319$6,928,469$7,808,171
73$8,084,068$7,320,035$7,103,705$8,380,534
74$8,849,985$7,620,058$7,283,021$8,999,106
75$9,692,177$7,932,935$7,466,496$9,673,514
76$10,618,367$8,259,237$7,654,211$10,409,223
77$11,637,062$8,599,561$7,846,249$11,212,245
78$12,757,636$8,954,533$8,042,692$12,089,202
79$13,990,417$9,324,808$8,243,625$13,047,378
80$15,346,784$9,711,068$8,449,130$14,094,796
81$16,839,275$10,114,029$8,659,295$15,240,284
82$18,481,704$10,534,439$8,874,205$16,493,564
83$20,289,293$10,973,082$9,093,945$17,865,340
84$22,278,813$11,430,775$9,318,605$19,367,396
85$24,468,744$11,908,375$9,548,271$21,012,710
86$26,879,450$12,406,780$9,783,031$22,815,571
87$29,533,367$12,926,925$10,022,976$24,791,715
88$32,455,218$13,469,791$10,268,193$26,958,472
89$35,672,245$14,036,406$10,518,773$29,334,927
90$39,214,467$14,627,843$10,774,804$31,942,100
91$43,114,960$15,245,225$11,036,378$34,803,142
92$47,410,174$15,889,729$11,303,584$37,943,552
93$52,140,270$16,562,584$11,576,513$41,391,415
94$57,349,505$17,265,078$11,855,253$45,177,667
95$63,086,646$17,998,558$12,139,896$49,336,385
96$69,405,431$18,764,435$12,430,530$53,905,107
97$76,365,077$19,564,184$12,727,245$58,925,180
98$84,030,836$20,399,351$13,030,129$64,442,157
99$92,474,613$21,271,550$13,339,269$70,506,216
100$101,775,643$22,182,476$13,654,754$77,172,636