Can I retire at age 72 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$586,311$581,089$575,993$571,020$566,164$557,703
2 years$290,253$284,847$279,608$274,529$269,602$261,097
3 years$191,580$186,151$180,925$175,893$171,047$162,762
4 years$142,253$136,841$131,667$126,721$121,992$113,991
5 years$112,665$107,285$102,179$97,334$92,736$85,043
6 years$92,945$87,606$82,576$77,839$73,379$66,002
7 years$78,866$73,571$68,621$63,996$59,677$52,619
8 years$68,311$63,064$58,196$53,684$49,508$42,767
9 years$60,106$54,909$50,124$45,727$41,693$35,267
10 years$53,546$48,399$43,699$39,417$35,524$29,408
11 years$48,182$43,087$38,472$34,305$30,552$24,739
12 years$43,715$38,673$34,143$30,090$26,476$20,959
13 years$39,939$34,949$30,505$26,565$23,087$17,859
14 years$36,704$31,768$27,409$23,581$20,238$15,290
15 years$33,904$29,020$24,746$21,030$17,819$13,142
16 years$31,456$26,625$22,436$18,830$15,749$11,334
17 years$29,298$24,521$20,416$16,919$13,964$9,801
18 years$27,382$22,659$18,637$15,247$12,416$8,497
19 years$25,670$21,000$17,061$13,777$11,067$7,380
20 years$24,131$19,514$15,658$12,478$9,885$6,422
21 years$22,740$18,177$14,402$11,325$8,846$5,596
22 years$21,477$16,967$13,274$10,297$7,929$4,883
23 years$20,326$15,869$12,256$9,377$7,118$4,266
24 years$19,273$14,868$11,335$8,553$6,398$3,730
25 years$18,305$13,953$10,498$7,811$5,757$3,264
26 years$17,413$13,114$9,737$7,142$5,186$2,859
27 years$16,589$12,341$9,041$6,537$4,675$2,505
28 years$15,824$11,629$8,405$5,989$4,218$2,197
29 years$15,114$10,971$7,822$5,492$3,809$1,927
30 years$14,453$10,361$7,286$5,041$3,442$1,691
31 years$13,835$9,794$6,792$4,629$3,112$1,485
32 years$13,257$9,268$6,337$4,255$2,815$1,304
33 years$12,715$8,777$5,917$3,912$2,547$1,145
34 years$12,206$8,318$5,529$3,600$2,306$1,006
35 years$11,728$7,890$5,169$3,314$2,089$885
36 years$11,276$7,488$4,835$3,052$1,893$778
37 years$10,851$7,112$4,526$2,812$1,715$684
38 years$10,448$6,759$4,238$2,592$1,555$601
39 years$10,068$6,427$3,971$2,390$1,410$529
40 years$9,707$6,115$3,722$2,204$1,279$465
41 years$9,364$5,821$3,490$2,034$1,161$409
42 years$9,039$5,544$3,274$1,877$1,053$360
43 years$8,730$5,282$3,072$1,733$956$317
44 years$8,436$5,035$2,883$1,600$867$279
45 years$8,155$4,801$2,707$1,477$788$245
46 years$7,888$4,580$2,543$1,365$715$216
47 years$7,633$4,371$2,389$1,261$649$190
48 years$7,389$4,173$2,245$1,165$590$167
49 years$7,155$3,985$2,110$1,077$536$147
50 years$6,932$3,806$1,984$995$486$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $7,100,000, adding $2,352 every year, while hoping to spend $51,296 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: 83/11/6 Blend
71$7,100,000$7,100,000$7,100,000$7,100,000
72$7,826,626$7,450,326$7,340,276$8,473,342
73$8,570,363$7,760,814$7,531,597$9,206,548
74$9,388,243$8,084,796$7,727,608$10,004,326
75$10,287,772$8,422,879$7,928,411$10,878,717
76$11,277,225$8,775,700$8,134,113$11,837,365
77$12,365,714$9,143,922$8,344,818$12,888,692
78$13,563,284$9,528,241$8,560,636$14,041,969
79$14,880,997$9,929,383$8,781,676$15,307,409
80$16,331,047$10,348,111$9,008,050$16,696,256
81$17,926,866$10,785,221$9,239,872$18,220,898
82$19,683,255$11,241,545$9,477,256$19,894,975
83$21,616,523$11,717,956$9,720,320$21,733,512
84$23,744,639$12,215,368$9,969,182$23,753,059
85$26,087,406$12,734,734$10,223,963$25,971,845
86$28,666,640$13,277,055$10,484,785$28,409,949
87$31,506,383$13,843,376$10,751,771$31,089,489
88$34,633,126$14,434,794$11,025,047$34,034,830
89$38,076,059$15,052,453$11,304,740$37,272,810
90$41,867,347$15,697,553$11,590,979$40,832,998
91$46,042,435$16,371,351$11,883,895$44,747,965
92$50,640,376$17,075,160$12,183,618$49,053,593
93$55,704,208$17,810,357$12,490,283$53,789,413
94$61,281,354$18,578,382$12,804,025$58,998,978
95$67,424,072$19,380,742$13,124,979$64,730,266
96$74,189,946$20,219,017$13,453,284$71,036,140
97$81,642,430$21,094,858$13,789,079$77,974,838
98$89,851,448$22,009,997$14,132,504$85,610,526
99$98,894,054$22,966,244$14,483,700$94,013,898
100$108,855,154$23,965,497$14,842,811$103,262,845