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

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$569,796$564,720$559,768$554,935$550,216$530,061
2 years$282,077$276,824$271,732$266,796$262,007$241,927
3 years$186,183$180,907$175,829$170,939$166,228$146,852
4 years$138,246$132,986$127,958$123,152$118,555$100,032
5 years$109,491$104,263$99,301$94,592$90,124$72,502
6 years$90,327$85,138$80,250$75,646$71,312$54,604
7 years$76,644$71,499$66,688$62,193$57,996$42,197
8 years$66,387$61,288$56,557$52,172$48,113$33,210
9 years$58,413$53,362$48,712$44,439$40,518$26,491
10 years$52,037$47,036$42,468$38,307$34,524$21,347
11 years$46,825$41,873$37,389$33,338$29,691$17,337
12 years$42,484$37,583$33,181$29,242$25,730$14,168
13 years$38,814$33,964$29,645$25,817$22,437$11,635
14 years$35,670$30,873$26,637$22,917$19,668$9,592
15 years$32,949$28,203$24,049$20,438$17,317$7,933
16 years$30,570$25,875$21,804$18,300$15,305$6,578
17 years$28,473$23,830$19,841$16,442$13,571$5,466
18 years$26,611$22,020$18,112$14,818$12,066$4,550
19 years$24,947$20,408$16,581$13,389$10,755$3,793
20 years$23,451$18,964$15,217$12,127$9,607$3,166
21 years$22,099$17,665$13,997$11,006$8,597$2,645
22 years$20,872$16,489$12,900$10,007$7,706$2,211
23 years$19,754$15,422$11,911$9,113$6,917$1,850
24 years$18,730$14,449$11,016$8,312$6,217$1,549
25 years$17,789$13,560$10,203$7,591$5,595$1,297
26 years$16,922$12,744$9,463$6,941$5,039$1,087
27 years$16,121$11,994$8,787$6,353$4,543$911
28 years$15,379$11,302$8,168$5,821$4,100$764
29 years$14,688$10,662$7,601$5,338$3,702$641
30 years$14,045$10,069$7,080$4,899$3,345$537
31 years$13,445$9,519$6,601$4,499$3,024$451
32 years$12,883$9,006$6,159$4,135$2,736$378
33 years$12,357$8,529$5,750$3,802$2,476$317
34 years$11,862$8,084$5,373$3,498$2,241$266
35 years$11,397$7,667$5,023$3,220$2,030$224
36 years$10,959$7,277$4,699$2,966$1,839$188
37 years$10,545$6,912$4,398$2,733$1,667$158
38 years$10,154$6,569$4,119$2,519$1,511$132
39 years$9,784$6,246$3,859$2,322$1,371$111
40 years$9,433$5,943$3,617$2,142$1,243$93
41 years$9,101$5,657$3,392$1,976$1,128$78
42 years$8,785$5,388$3,181$1,824$1,023$66
43 years$8,484$5,133$2,985$1,684$929$55
44 years$8,198$4,893$2,802$1,555$843$46
45 years$7,926$4,666$2,631$1,436$765$39
46 years$7,666$4,451$2,471$1,326$695$33
47 years$7,418$4,248$2,322$1,225$631$27
48 years$7,180$4,055$2,182$1,132$573$23
49 years$6,954$3,872$2,051$1,046$520$19
50 years$6,737$3,699$1,928$967$473$16

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 $3,485 every year, while hoping to spend $46,635 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: 68/19/13 Blend
71$6,900,000$6,900,000$6,900,000$6,900,000
72$7,607,395$7,241,695$7,134,745$8,102,310
73$8,333,730$7,546,919$7,324,139$8,737,294
74$9,132,588$7,865,535$7,518,316$9,425,649
75$10,011,317$8,198,152$7,717,385$10,177,307
76$10,978,014$8,545,404$7,921,460$10,998,478
77$12,041,599$8,907,956$8,130,656$11,895,995
78$13,211,899$9,286,503$8,345,090$12,877,377
79$14,499,745$9,681,774$8,564,883$13,950,901
80$15,917,069$10,094,531$8,790,156$15,125,676
81$17,477,018$10,525,571$9,021,034$16,411,730
82$19,194,078$10,975,728$9,257,644$17,820,104
83$21,084,213$11,445,877$9,500,113$19,362,949
84$23,165,009$11,936,932$9,748,574$21,053,646
85$25,455,849$12,449,850$10,003,159$22,906,926
86$27,978,086$12,985,634$10,264,006$24,939,011
87$30,755,253$13,545,331$10,531,252$27,167,762
88$33,813,277$14,130,041$10,805,038$29,612,847
89$37,180,731$14,740,913$11,085,506$32,295,924
90$40,889,098$15,379,151$11,372,803$35,240,846
91$44,973,071$16,046,013$11,667,077$38,473,881
92$49,470,877$16,742,821$11,968,477$42,023,959
93$54,424,642$17,470,955$12,277,156$45,922,943
94$59,880,785$18,231,861$12,593,270$50,205,927
95$65,890,456$19,027,053$12,916,976$54,911,565
96$72,510,021$19,858,117$13,248,433$60,082,431
97$79,801,593$20,726,714$13,587,805$65,765,424
98$87,833,614$21,634,582$13,935,255$72,012,202
99$96,681,508$22,583,542$14,290,952$78,879,668
100$106,428,386$23,575,500$14,655,063$86,430,507