Can I retire at age 72 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$569,796$564,720$559,768$554,935$550,216$539,106
2 years$282,077$276,824$271,732$266,796$262,007$250,864
3 years$186,183$180,907$175,829$170,939$166,228$155,398
4 years$138,246$132,986$127,958$123,152$118,555$108,122
5 years$109,491$104,263$99,301$94,592$90,124$80,116
6 years$90,327$85,138$80,250$75,646$71,312$61,742
7 years$76,644$71,499$66,688$62,193$57,996$48,864
8 years$66,387$61,288$56,557$52,172$48,113$39,418
9 years$58,413$53,362$48,712$44,439$40,518$32,254
10 years$52,037$47,036$42,468$38,307$34,524$26,682
11 years$46,825$41,873$37,389$33,338$29,691$22,263
12 years$42,484$37,583$33,181$29,242$25,730$18,704
13 years$38,814$33,964$29,645$25,817$22,437$15,801
14 years$35,670$30,873$26,637$22,917$19,668$13,410
15 years$32,949$28,203$24,049$20,438$17,317$11,424
16 years$30,570$25,875$21,804$18,300$15,305$9,762
17 years$28,473$23,830$19,841$16,442$13,571$8,365
18 years$26,611$22,020$18,112$14,818$12,066$7,183
19 years$24,947$20,408$16,581$13,389$10,755$6,180
20 years$23,451$18,964$15,217$12,127$9,607$5,325
21 years$22,099$17,665$13,997$11,006$8,597$4,595
22 years$20,872$16,489$12,900$10,007$7,706$3,970
23 years$19,754$15,422$11,911$9,113$6,917$3,433
24 years$18,730$14,449$11,016$8,312$6,217$2,971
25 years$17,789$13,560$10,203$7,591$5,595$2,574
26 years$16,922$12,744$9,463$6,941$5,039$2,231
27 years$16,121$11,994$8,787$6,353$4,543$1,934
28 years$15,379$11,302$8,168$5,821$4,100$1,678
29 years$14,688$10,662$7,601$5,338$3,702$1,457
30 years$14,045$10,069$7,080$4,899$3,345$1,265
31 years$13,445$9,519$6,601$4,499$3,024$1,099
32 years$12,883$9,006$6,159$4,135$2,736$954
33 years$12,357$8,529$5,750$3,802$2,476$829
34 years$11,862$8,084$5,373$3,498$2,241$721
35 years$11,397$7,667$5,023$3,220$2,030$627
36 years$10,959$7,277$4,699$2,966$1,839$545
37 years$10,545$6,912$4,398$2,733$1,667$474
38 years$10,154$6,569$4,119$2,519$1,511$412
39 years$9,784$6,246$3,859$2,322$1,371$358
40 years$9,433$5,943$3,617$2,142$1,243$312
41 years$9,101$5,657$3,392$1,976$1,128$271
42 years$8,785$5,388$3,181$1,824$1,023$236
43 years$8,484$5,133$2,985$1,684$929$205
44 years$8,198$4,893$2,802$1,555$843$179
45 years$7,926$4,666$2,631$1,436$765$155
46 years$7,666$4,451$2,471$1,326$695$135
47 years$7,418$4,248$2,322$1,225$631$118
48 years$7,180$4,055$2,182$1,132$573$102
49 years$6,954$3,872$2,051$1,046$520$89
50 years$6,737$3,699$1,928$967$473$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $6,900,000, adding $3,377 every year, while hoping to spend $52,439 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: 21/49/30 Blend
71$6,900,000$6,900,000$6,900,000$6,900,000
72$7,607,283$7,241,583$7,134,633$7,694,624
73$8,327,432$7,540,626$7,317,849$8,075,086
74$9,119,277$7,852,565$7,505,445$8,476,936
75$9,990,079$8,177,975$7,697,512$8,905,372
76$10,947,831$8,517,461$7,894,143$9,362,584
77$12,001,346$8,871,653$8,095,433$9,850,963
78$13,160,330$9,241,210$8,301,477$10,373,125
79$14,435,477$9,626,823$8,512,370$10,931,930
80$15,838,573$10,029,214$8,728,211$11,530,507
81$17,382,601$10,449,139$8,949,100$12,172,279
82$19,081,867$10,887,388$9,175,135$12,860,995
83$20,952,135$11,344,787$9,406,420$13,600,759
84$23,010,774$11,822,203$9,643,056$14,396,067
85$25,276,921$12,320,539$9,885,147$15,251,846
86$27,771,666$12,840,745$10,132,798$16,173,497
87$30,518,244$13,383,809$10,386,115$17,166,938
88$33,542,261$13,950,771$10,645,205$18,238,661
89$36,871,928$14,542,716$10,910,177$19,395,788
90$40,538,334$15,160,779$11,181,137$20,646,130
91$44,575,737$15,806,150$11,458,198$21,998,260
92$49,021,883$16,480,072$11,741,468$23,461,588
93$53,918,367$17,183,848$12,031,060$25,046,444
94$59,311,025$17,918,841$12,327,085$26,764,171
95$65,250,363$18,686,477$12,629,656$28,627,224
96$71,792,037$19,488,251$12,938,886$30,649,288
97$78,997,374$20,325,725$13,254,888$32,845,392
98$86,933,956$21,200,535$13,577,777$35,232,054
99$95,676,253$22,114,395$13,907,666$37,827,424
100$105,306,329$23,069,098$14,244,670$40,651,449