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

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$553,280$548,351$543,543$538,850$534,267$528,029
2 years$273,901$268,800$263,856$259,063$254,413$248,134
3 years$180,787$175,664$170,732$165,984$161,410$155,285
4 years$134,239$129,131$124,249$119,582$115,119$109,195
5 years$106,317$101,241$96,423$91,850$87,512$81,807
6 years$87,709$82,671$77,924$73,454$69,245$63,766
7 years$74,423$69,427$64,755$60,390$56,315$51,063
8 years$64,463$59,511$54,917$50,660$46,718$41,694
9 years$56,720$51,815$47,300$43,151$39,344$34,545
10 years$50,529$45,673$41,238$37,197$33,523$28,946
11 years$45,467$40,660$36,305$32,372$28,831$24,472
12 years$41,252$36,494$32,220$28,395$24,984$20,839
13 years$37,689$32,980$28,786$25,068$21,787$17,850
14 years$34,636$29,978$25,864$22,253$19,098$15,364
15 years$31,994$27,385$23,352$19,846$16,815$13,278
16 years$29,684$25,125$21,172$17,770$14,862$11,514
17 years$27,647$23,140$19,266$15,966$13,177$10,014
18 years$25,839$21,382$17,587$14,388$11,717$8,731
19 years$24,224$19,817$16,100$13,001$10,443$7,628
20 years$22,771$18,415$14,776$11,775$9,328$6,677
21 years$21,459$17,152$13,591$10,687$8,348$5,854
22 years$20,267$16,011$12,526$9,717$7,482$5,139
23 years$19,181$14,975$11,566$8,849$6,717$4,517
24 years$18,187$14,031$10,696$8,071$6,037$3,974
25 years$17,274$13,167$9,907$7,371$5,432$3,500
26 years$16,432$12,375$9,188$6,739$4,893$3,085
27 years$15,654$11,646$8,532$6,169$4,412$2,721
28 years$14,933$10,974$7,932$5,652$3,981$2,401
29 years$14,263$10,353$7,381$5,183$3,595$2,120
30 years$13,638$9,777$6,875$4,757$3,248$1,873
31 years$13,055$9,243$6,410$4,369$2,936$1,655
32 years$12,510$8,745$5,980$4,015$2,656$1,463
33 years$11,999$8,282$5,584$3,692$2,404$1,294
34 years$11,519$7,850$5,217$3,397$2,176$1,145
35 years$11,067$7,445$4,878$3,127$1,971$1,013
36 years$10,641$7,067$4,563$2,880$1,786$896
37 years$10,239$6,712$4,271$2,654$1,619$793
38 years$9,860$6,378$3,999$2,446$1,468$702
39 years$9,500$6,065$3,747$2,255$1,331$622
40 years$9,160$5,771$3,512$2,080$1,207$551
41 years$8,837$5,493$3,293$1,919$1,095$488
42 years$8,530$5,231$3,089$1,771$994$432
43 years$8,238$4,984$2,899$1,635$902$383
44 years$7,961$4,751$2,721$1,510$819$339
45 years$7,696$4,531$2,555$1,394$743$301
46 years$7,444$4,322$2,400$1,288$675$266
47 years$7,203$4,125$2,254$1,190$613$236
48 years$6,972$3,938$2,119$1,099$556$209
49 years$6,752$3,760$1,991$1,016$505$185
50 years$6,542$3,592$1,872$939$459$164

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 $2,751 every year, while hoping to spend $38,023 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: 68/17/15 Blend
71$6,700,000$6,700,000$6,700,000$6,700,000
72$7,386,238$7,031,138$6,927,288$7,862,482
73$8,099,178$7,335,207$7,118,896$8,484,240
74$8,883,563$7,652,902$7,315,648$9,159,289
75$9,746,642$7,984,849$7,517,677$9,896,670
76$10,696,398$8,331,706$7,725,118$10,702,505
77$11,741,631$8,694,160$7,938,110$11,583,532
78$12,892,035$9,072,931$8,156,795$12,547,166
79$14,158,292$9,468,774$8,381,317$13,601,569
80$15,552,173$9,882,479$8,611,826$14,755,725
81$17,086,646$10,314,871$8,848,473$16,019,523
82$18,776,001$10,766,818$9,091,415$17,403,851
83$20,635,987$11,239,225$9,340,810$18,920,696
84$22,683,953$11,733,043$9,596,823$20,583,255
85$24,939,019$12,249,265$9,859,620$22,406,058
86$27,422,253$12,788,933$10,129,371$24,405,104
87$30,156,870$13,353,138$10,406,252$26,598,012
88$33,168,450$13,943,021$10,690,441$29,004,183
89$36,485,183$14,559,780$10,982,121$31,644,982
90$40,138,129$15,204,666$11,281,479$34,543,937
91$44,161,516$15,878,993$11,588,707$37,726,962
92$48,593,062$16,584,134$11,904,000$41,222,595
93$53,474,328$17,321,531$12,227,557$45,062,270
94$58,851,113$18,092,690$12,559,585$49,280,607
95$64,773,886$18,899,192$12,900,291$53,915,740
96$71,298,261$19,742,690$13,249,889$59,009,672
97$78,485,522$20,624,920$13,608,598$64,608,670
98$86,403,200$21,547,697$13,976,641$70,763,698
99$95,125,715$22,512,922$14,354,247$77,530,897
100$104,735,072$23,522,589$14,741,648$84,972,112