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%16.4%
1 years$561,538$556,536$551,656$546,893$542,242$528,062
2 years$277,989$272,812$267,794$262,929$258,210$244,021
3 years$183,485$178,285$173,280$168,461$163,819$150,065
4 years$136,242$131,059$126,104$121,367$116,837$103,623
5 years$107,904$102,752$97,862$93,221$88,818$76,180
6 years$89,018$83,904$79,087$74,550$70,279$58,230
7 years$75,534$70,463$65,722$61,292$57,155$45,697
8 years$65,425$60,400$55,737$51,416$47,416$36,542
9 years$57,566$52,589$48,006$43,795$39,931$29,632
10 years$51,283$46,354$41,853$37,752$34,023$24,286
11 years$46,146$41,267$36,847$32,855$29,261$20,071
12 years$41,868$37,039$32,701$28,819$25,357$16,698
13 years$38,251$33,472$29,216$25,442$22,112$13,966
14 years$35,153$30,425$26,250$22,585$19,383$11,732
15 years$32,471$27,794$23,701$20,142$17,066$9,890
16 years$30,127$25,500$21,488$18,035$15,083$8,362
17 years$28,060$23,485$19,553$16,204$13,374$7,087
18 years$26,225$21,701$17,850$14,603$11,891$6,019
19 years$24,585$20,112$16,341$13,195$10,599$5,121
20 years$23,111$18,689$14,997$11,951$9,467$4,363
21 years$21,779$17,408$13,794$10,846$8,472$3,722
22 years$20,570$16,250$12,713$9,862$7,594$3,178
23 years$19,467$15,198$11,738$8,981$6,817$2,717
24 years$18,458$14,240$10,856$8,191$6,127$2,324
25 years$17,531$13,364$10,055$7,481$5,514$1,989
26 years$16,677$12,560$9,325$6,840$4,966$1,703
27 years$15,888$11,820$8,659$6,261$4,478$1,459
28 years$15,156$11,138$8,050$5,736$4,040$1,250
29 years$14,476$10,507$7,491$5,260$3,648$1,072
30 years$13,842$9,923$6,978$4,828$3,296$919
31 years$13,250$9,381$6,505$4,434$2,980$789
32 years$12,697$8,876$6,070$4,075$2,696$677
33 years$12,178$8,406$5,667$3,747$2,440$581
34 years$11,690$7,967$5,295$3,448$2,209$498
35 years$11,232$7,556$4,950$3,174$2,001$428
36 years$10,800$7,172$4,631$2,923$1,813$367
37 years$10,392$6,812$4,335$2,693$1,643$315
38 years$10,007$6,474$4,059$2,482$1,489$271
39 years$9,642$6,156$3,803$2,289$1,351$233
40 years$9,297$5,857$3,565$2,111$1,225$200
41 years$8,969$5,575$3,342$1,948$1,111$172
42 years$8,657$5,309$3,135$1,798$1,009$147
43 years$8,361$5,059$2,942$1,659$915$127
44 years$8,079$4,822$2,762$1,532$831$109
45 years$7,811$4,598$2,593$1,415$754$93
46 years$7,555$4,387$2,435$1,307$685$80
47 years$7,310$4,186$2,288$1,208$622$69
48 years$7,076$3,996$2,150$1,116$565$59
49 years$6,853$3,816$2,021$1,031$513$51
50 years$6,639$3,645$1,900$953$466$44

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 $5,876 every year, while hoping to spend $51,451 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: 68/26/6 Blend
71$6,800,000$6,800,000$6,800,000$6,800,000
72$7,499,661$7,139,261$7,033,861$8,002,768
73$8,209,883$7,434,341$7,214,752$8,631,791
74$8,990,823$7,742,156$7,399,978$9,312,581
75$9,849,641$8,063,275$7,589,631$10,055,637
76$10,794,223$8,398,294$7,783,802$10,867,036
77$11,833,259$8,747,837$7,982,586$11,753,469
78$12,976,326$9,112,555$8,186,076$12,722,293
79$14,233,971$9,493,130$8,394,370$13,781,606
80$15,617,819$9,890,277$8,607,564$14,940,319
81$17,140,677$10,304,741$8,825,758$16,208,239
82$18,816,657$10,737,304$9,049,052$17,596,161
83$20,661,307$11,188,782$9,277,546$19,115,965
84$22,691,759$11,660,032$9,511,343$20,780,729
85$24,926,893$12,151,948$9,750,547$22,604,851
86$27,387,508$12,665,465$9,995,262$24,604,179
87$30,096,525$13,201,564$10,245,595$26,796,164
88$33,079,200$13,761,270$10,501,652$29,200,017
89$36,363,362$14,345,656$10,763,540$31,836,893
90$39,979,676$14,955,844$11,031,370$34,730,083
91$43,961,932$15,593,009$11,305,250$37,905,236
92$48,347,365$16,258,383$11,585,292$41,390,597
93$53,177,003$16,953,251$11,871,606$45,217,269
94$58,496,058$17,678,961$12,164,306$49,419,506
95$64,354,349$18,436,923$12,463,503$54,035,033
96$70,806,775$19,228,614$12,769,312$59,105,398
97$77,913,828$20,055,578$13,081,847$64,676,363
98$85,742,171$20,919,434$13,401,221$70,798,328
99$94,365,261$21,821,875$13,727,550$77,526,808
100$103,864,043$22,764,673$14,060,949$84,922,953