Can I retire at age 72 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$561,538$556,536$551,656$546,893$542,242$520,727
2 years$277,989$272,812$267,794$262,929$258,210$236,802
3 years$183,485$178,285$173,280$168,461$163,819$143,191
4 years$136,242$131,059$126,104$121,367$116,837$97,145
5 years$107,904$102,752$97,862$93,221$88,818$70,113
6 years$89,018$83,904$79,087$74,550$70,279$52,572
7 years$75,534$70,463$65,722$61,292$57,155$40,442
8 years$65,425$60,400$55,737$51,416$47,416$31,678
9 years$57,566$52,589$48,006$43,795$39,931$25,144
10 years$51,283$46,354$41,853$37,752$34,023$20,159
11 years$46,146$41,267$36,847$32,855$29,261$16,287
12 years$41,868$37,039$32,701$28,819$25,357$13,239
13 years$38,251$33,472$29,216$25,442$22,112$10,812
14 years$35,153$30,425$26,250$22,585$19,383$8,864
15 years$32,471$27,794$23,701$20,142$17,066$7,290
16 years$30,127$25,500$21,488$18,035$15,083$6,010
17 years$28,060$23,485$19,553$16,204$13,374$4,964
18 years$26,225$21,701$17,850$14,603$11,891$4,108
19 years$24,585$20,112$16,341$13,195$10,599$3,404
20 years$23,111$18,689$14,997$11,951$9,467$2,823
21 years$21,779$17,408$13,794$10,846$8,472$2,344
22 years$20,570$16,250$12,713$9,862$7,594$1,948
23 years$19,467$15,198$11,738$8,981$6,817$1,619
24 years$18,458$14,240$10,856$8,191$6,127$1,347
25 years$17,531$13,364$10,055$7,481$5,514$1,121
26 years$16,677$12,560$9,325$6,840$4,966$933
27 years$15,888$11,820$8,659$6,261$4,478$777
28 years$15,156$11,138$8,050$5,736$4,040$647
29 years$14,476$10,507$7,491$5,260$3,648$539
30 years$13,842$9,923$6,978$4,828$3,296$450
31 years$13,250$9,381$6,505$4,434$2,980$375
32 years$12,697$8,876$6,070$4,075$2,696$312
33 years$12,178$8,406$5,667$3,747$2,440$260
34 years$11,690$7,967$5,295$3,448$2,209$217
35 years$11,232$7,556$4,950$3,174$2,001$181
36 years$10,800$7,172$4,631$2,923$1,813$151
37 years$10,392$6,812$4,335$2,693$1,643$126
38 years$10,007$6,474$4,059$2,482$1,489$105
39 years$9,642$6,156$3,803$2,289$1,351$87
40 years$9,297$5,857$3,565$2,111$1,225$73
41 years$8,969$5,575$3,342$1,948$1,111$61
42 years$8,657$5,309$3,135$1,798$1,009$51
43 years$8,361$5,059$2,942$1,659$915$42
44 years$8,079$4,822$2,762$1,532$831$35
45 years$7,811$4,598$2,593$1,415$754$29
46 years$7,555$4,387$2,435$1,307$685$25
47 years$7,310$4,186$2,288$1,208$622$20
48 years$7,076$3,996$2,150$1,116$565$17
49 years$6,853$3,816$2,021$1,031$513$14
50 years$6,639$3,645$1,900$953$466$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $6,800,000, adding $6,573 every year, while hoping to spend $24,279 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: 55/37/8 Blend
71$6,800,000$6,800,000$6,800,000$6,800,000
72$7,500,380$7,139,980$7,034,580$7,898,318
73$8,239,586$7,464,006$7,244,406$8,491,972
74$9,053,378$7,803,096$7,460,447$9,134,747
75$9,949,336$8,157,962$7,682,886$9,833,978
76$10,935,817$8,529,351$7,911,911$10,595,033
77$12,022,026$8,918,044$8,147,716$11,423,813
78$13,218,107$9,324,863$8,390,498$12,326,800
79$14,535,237$9,750,665$8,640,464$13,311,120
80$15,985,735$10,196,351$8,897,823$14,384,605
81$17,583,173$10,662,865$9,162,793$15,555,865
82$19,342,507$11,151,196$9,435,597$16,834,368
83$21,280,216$11,662,378$9,716,463$18,230,524
84$23,414,463$12,197,499$10,005,629$19,755,781
85$25,765,258$12,757,697$10,303,338$21,422,730
86$28,354,654$13,344,163$10,609,839$23,245,221
87$31,206,950$13,958,149$10,925,390$25,238,487
88$34,348,924$14,600,963$11,250,256$27,419,290
89$37,810,084$15,273,980$11,584,709$29,806,069
90$41,622,946$15,978,638$11,929,030$32,419,115
91$45,823,341$16,716,446$12,283,507$35,280,754
92$50,450,754$17,488,984$12,648,437$38,415,556
93$55,548,696$18,297,910$13,024,125$41,850,561
94$61,165,115$19,144,960$13,410,885$45,615,532
95$67,352,849$20,031,954$13,809,042$49,743,226
96$74,170,121$20,960,802$14,218,926$54,269,702
97$81,681,095$21,933,502$14,640,881$59,234,652
98$89,956,474$22,952,152$15,075,259$64,681,774
99$99,074,176$24,018,949$15,522,421$70,659,176
100$109,120,060$25,136,196$15,982,741$77,219,823