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

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$561,538$556,536$551,656$546,893$542,242$538,148
2 years$277,989$272,812$267,794$262,929$258,210$254,083
3 years$183,485$178,285$173,280$168,461$163,819$159,786
4 years$136,242$131,059$126,104$121,367$116,837$112,930
5 years$107,904$102,752$97,862$93,221$88,818$85,047
6 years$89,018$83,904$79,087$74,550$70,279$66,649
7 years$75,534$70,463$65,722$61,292$57,155$53,669
8 years$65,425$60,400$55,737$51,416$47,416$44,073
9 years$57,566$52,589$48,006$43,795$39,931$36,731
10 years$51,283$46,354$41,853$37,752$34,023$30,964
11 years$46,146$41,267$36,847$32,855$29,261$26,340
12 years$41,868$37,039$32,701$28,819$25,357$22,572
13 years$38,251$33,472$29,216$25,442$22,112$19,459
14 years$35,153$30,425$26,250$22,585$19,383$16,860
15 years$32,471$27,794$23,701$20,142$17,066$14,670
16 years$30,127$25,500$21,488$18,035$15,083$12,809
17 years$28,060$23,485$19,553$16,204$13,374$11,218
18 years$26,225$21,701$17,850$14,603$11,891$9,851
19 years$24,585$20,112$16,341$13,195$10,599$8,669
20 years$23,111$18,689$14,997$11,951$9,467$7,644
21 years$21,779$17,408$13,794$10,846$8,472$6,751
22 years$20,570$16,250$12,713$9,862$7,594$5,972
23 years$19,467$15,198$11,738$8,981$6,817$5,289
24 years$18,458$14,240$10,856$8,191$6,127$4,689
25 years$17,531$13,364$10,055$7,481$5,514$4,162
26 years$16,677$12,560$9,325$6,840$4,966$3,697
27 years$15,888$11,820$8,659$6,261$4,478$3,287
28 years$15,156$11,138$8,050$5,736$4,040$2,924
29 years$14,476$10,507$7,491$5,260$3,648$2,603
30 years$13,842$9,923$6,978$4,828$3,296$2,318
31 years$13,250$9,381$6,505$4,434$2,980$2,065
32 years$12,697$8,876$6,070$4,075$2,696$1,841
33 years$12,178$8,406$5,667$3,747$2,440$1,642
34 years$11,690$7,967$5,295$3,448$2,209$1,464
35 years$11,232$7,556$4,950$3,174$2,001$1,307
36 years$10,800$7,172$4,631$2,923$1,813$1,166
37 years$10,392$6,812$4,335$2,693$1,643$1,041
38 years$10,007$6,474$4,059$2,482$1,489$930
39 years$9,642$6,156$3,803$2,289$1,351$830
40 years$9,297$5,857$3,565$2,111$1,225$742
41 years$8,969$5,575$3,342$1,948$1,111$662
42 years$8,657$5,309$3,135$1,798$1,009$592
43 years$8,361$5,059$2,942$1,659$915$529
44 years$8,079$4,822$2,762$1,532$831$473
45 years$7,811$4,598$2,593$1,415$754$422
46 years$7,555$4,387$2,435$1,307$685$378
47 years$7,310$4,186$2,288$1,208$622$338
48 years$7,076$3,996$2,150$1,116$565$302
49 years$6,853$3,816$2,021$1,031$513$270
50 years$6,639$3,645$1,900$953$466$241

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 $3,265 every year, while hoping to spend $42,339 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: 32/49/19 Blend
71$6,800,000$6,800,000$6,800,000$6,800,000
72$7,496,968$7,136,568$7,031,168$7,692,461
73$8,216,610$7,441,211$7,221,664$8,143,283
74$9,008,237$7,759,363$7,417,122$8,624,446
75$9,879,146$8,091,641$7,617,664$9,141,830
76$10,837,378$8,438,690$7,823,415$9,698,625
77$11,891,792$8,801,188$8,034,501$10,298,329
78$13,052,150$9,179,841$8,251,052$10,944,773
79$14,329,208$9,575,392$8,473,201$11,642,158
80$15,734,816$9,988,615$8,701,082$12,395,088
81$17,282,033$10,420,323$8,934,834$13,208,613
82$18,985,248$10,871,366$9,174,598$14,088,271
83$20,860,314$11,342,634$9,420,518$15,040,140
84$22,924,702$11,835,059$9,672,742$16,070,887
85$25,197,662$12,349,618$9,931,419$17,187,832
86$27,700,406$12,887,330$10,196,703$18,399,012
87$30,456,305$13,449,267$10,468,751$19,713,248
88$33,491,115$14,036,549$10,747,721$21,140,230
89$36,833,216$14,650,347$11,033,777$22,690,601
90$40,513,881$15,291,891$11,327,086$24,376,053
91$44,567,570$15,962,467$11,627,816$26,209,432
92$49,032,255$16,663,420$11,936,141$28,204,857
93$53,949,780$17,396,163$12,252,236$30,377,841
94$59,366,253$18,162,171$12,576,282$32,745,439
95$65,332,486$18,962,992$12,908,462$35,326,402
96$71,904,466$19,800,245$13,248,963$38,141,341
97$79,143,893$20,675,628$13,597,974$41,212,924
98$87,118,754$21,590,918$13,955,690$44,566,078
99$95,903,970$22,547,976$14,322,308$48,228,219
100$105,582,099$23,548,751$14,698,030$52,229,502