Can I retire at age 72 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$578,053$572,904$567,881$562,978$558,190$553,051
2 years$286,165$280,836$275,670$270,662$265,805$260,627
3 years$188,882$183,529$178,377$173,416$168,637$163,582
4 years$140,249$134,913$129,813$124,936$120,274$115,379
5 years$111,078$105,774$100,740$95,963$91,430$86,710
6 years$91,636$86,372$81,413$76,743$72,346$67,807
7 years$77,755$72,535$67,655$63,094$58,836$54,481
8 years$67,349$62,176$57,376$52,928$48,810$44,638
9 years$59,259$54,135$49,418$45,083$41,105$37,114
10 years$52,792$47,718$43,084$38,862$35,024$31,212
11 years$47,503$42,480$37,930$33,822$30,122$26,486
12 years$43,099$38,128$33,662$29,666$26,103$22,640
13 years$39,376$34,457$30,075$26,191$22,762$19,468
14 years$36,187$31,320$27,023$23,249$19,953$16,823
15 years$33,426$28,611$24,398$20,734$17,568$14,598
16 years$31,013$26,250$22,120$18,565$15,527$12,712
17 years$28,885$24,176$20,128$16,681$13,767$11,102
18 years$26,996$22,339$18,375$15,033$12,241$9,721
19 years$25,308$20,704$16,821$13,583$10,911$8,530
20 years$23,791$19,239$15,438$12,302$9,746$7,500
21 years$22,420$17,921$14,200$11,165$8,721$6,604
22 years$21,175$16,728$13,087$10,152$7,817$5,824
23 years$20,040$15,645$12,084$9,245$7,017$5,143
24 years$19,001$14,659$11,175$8,432$6,307$4,546
25 years$18,047$13,757$10,351$7,701$5,676$4,022
26 years$17,168$12,929$9,600$7,041$5,112$3,562
27 years$16,355$12,168$8,914$6,445$4,609$3,156
28 years$15,601$11,466$8,287$5,905$4,159$2,799
29 years$14,901$10,816$7,712$5,415$3,756$2,483
30 years$14,249$10,215$7,183$4,970$3,393$2,204
31 years$13,640$9,657$6,697$4,564$3,068$1,958
32 years$13,070$9,137$6,248$4,195$2,775$1,739
33 years$12,536$8,653$5,834$3,857$2,512$1,546
34 years$12,034$8,201$5,451$3,549$2,274$1,374
35 years$11,562$7,779$5,096$3,267$2,060$1,222
36 years$11,118$7,383$4,767$3,009$1,866$1,087
37 years$10,698$7,012$4,462$2,772$1,691$967
38 years$10,301$6,664$4,179$2,555$1,533$861
39 years$9,926$6,337$3,915$2,356$1,390$766
40 years$9,570$6,029$3,669$2,173$1,261$682
41 years$9,233$5,739$3,441$2,005$1,144$607
42 years$8,912$5,466$3,228$1,850$1,038$541
43 years$8,607$5,208$3,029$1,708$942$481
44 years$8,317$4,964$2,843$1,577$855$429
45 years$8,041$4,734$2,669$1,457$776$382
46 years$7,777$4,516$2,507$1,345$705$340
47 years$7,525$4,309$2,355$1,243$640$303
48 years$7,285$4,114$2,213$1,149$581$270
49 years$7,055$3,928$2,080$1,062$528$240
50 years$6,834$3,753$1,956$981$480$214

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $7,000,000, adding $3,438 every year, while hoping to spend $27,336 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: 36/48/16 Blend
71$7,000,000$7,000,000$7,000,000$7,000,000
72$7,717,546$7,346,546$7,238,046$7,957,489
73$8,475,651$7,677,442$7,451,436$8,462,283
74$9,310,166$8,023,635$7,671,057$9,004,044
75$10,228,856$8,385,847$7,897,091$9,588,326
76$11,240,278$8,764,832$8,129,722$10,218,936
77$12,353,859$9,161,382$8,369,141$10,900,043
78$13,579,989$9,576,325$8,615,543$11,636,219
79$14,930,114$10,010,531$8,869,130$12,432,475
80$16,416,848$10,464,910$9,130,108$13,294,309
81$18,054,091$10,940,414$9,398,691$14,227,749
82$19,857,158$11,438,045$9,675,097$15,239,412
83$21,842,927$11,958,848$9,959,552$16,336,558
84$24,029,995$12,503,921$10,252,286$17,527,156
85$26,438,855$13,074,414$10,553,539$18,819,953
86$29,092,090$13,671,532$10,863,554$20,224,556
87$32,014,584$14,296,537$11,182,583$21,751,515
88$35,233,757$14,950,753$11,510,886$23,412,418
89$38,779,828$15,635,567$11,848,728$25,219,994
90$42,686,092$16,352,432$12,196,382$27,188,230
91$46,989,244$17,102,872$12,554,131$29,332,496
92$51,729,716$17,888,481$12,922,264$31,669,686
93$56,952,064$18,710,934$13,301,077$34,218,366
94$62,705,388$19,571,984$13,690,877$36,998,950
95$69,043,794$20,473,467$14,091,977$40,033,879
96$76,026,905$21,417,311$14,504,702$43,347,830
97$83,720,424$22,405,534$14,929,384$46,967,940
98$92,196,752$23,440,250$15,366,364$50,924,055
99$101,535,677$24,523,679$15,815,993$55,249,003
100$111,825,120$25,658,143$16,278,633$59,978,893