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

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$586,311$581,089$575,993$571,020$566,164$560,485
2 years$290,253$284,847$279,608$274,529$269,602$263,882
3 years$191,580$186,151$180,925$175,893$171,047$165,463
4 years$142,253$136,841$131,667$126,721$121,992$116,588
5 years$112,665$107,285$102,179$97,334$92,736$87,527
6 years$92,945$87,606$82,576$77,839$73,379$68,372
7 years$78,866$73,571$68,621$63,996$59,677$54,874
8 years$68,311$63,064$58,196$53,684$49,508$44,908
9 years$60,106$54,909$50,124$45,727$41,693$37,296
10 years$53,546$48,399$43,699$39,417$35,524$31,327
11 years$48,182$43,087$38,472$34,305$30,552$26,550
12 years$43,715$38,673$34,143$30,090$26,476$22,666
13 years$39,939$34,949$30,505$26,565$23,087$19,465
14 years$36,704$31,768$27,409$23,581$20,238$16,799
15 years$33,904$29,020$24,746$21,030$17,819$14,557
16 years$31,456$26,625$22,436$18,830$15,749$12,659
17 years$29,298$24,521$20,416$16,919$13,964$11,040
18 years$27,382$22,659$18,637$15,247$12,416$9,653
19 years$25,670$21,000$17,061$13,777$11,067$8,459
20 years$24,131$19,514$15,658$12,478$9,885$7,426
21 years$22,740$18,177$14,402$11,325$8,846$6,530
22 years$21,477$16,967$13,274$10,297$7,929$5,750
23 years$20,326$15,869$12,256$9,377$7,118$5,069
24 years$19,273$14,868$11,335$8,553$6,398$4,474
25 years$18,305$13,953$10,498$7,811$5,757$3,952
26 years$17,413$13,114$9,737$7,142$5,186$3,494
27 years$16,589$12,341$9,041$6,537$4,675$3,092
28 years$15,824$11,629$8,405$5,989$4,218$2,737
29 years$15,114$10,971$7,822$5,492$3,809$2,425
30 years$14,453$10,361$7,286$5,041$3,442$2,149
31 years$13,835$9,794$6,792$4,629$3,112$1,905
32 years$13,257$9,268$6,337$4,255$2,815$1,690
33 years$12,715$8,777$5,917$3,912$2,547$1,500
34 years$12,206$8,318$5,529$3,600$2,306$1,331
35 years$11,728$7,890$5,169$3,314$2,089$1,182
36 years$11,276$7,488$4,835$3,052$1,893$1,049
37 years$10,851$7,112$4,526$2,812$1,715$932
38 years$10,448$6,759$4,238$2,592$1,555$828
39 years$10,068$6,427$3,971$2,390$1,410$736
40 years$9,707$6,115$3,722$2,204$1,279$654
41 years$9,364$5,821$3,490$2,034$1,161$581
42 years$9,039$5,544$3,274$1,877$1,053$516
43 years$8,730$5,282$3,072$1,733$956$459
44 years$8,436$5,035$2,883$1,600$867$408
45 years$8,155$4,801$2,707$1,477$788$363
46 years$7,888$4,580$2,543$1,365$715$323
47 years$7,633$4,371$2,389$1,261$649$287
48 years$7,389$4,173$2,245$1,165$590$255
49 years$7,155$3,985$2,110$1,077$536$227
50 years$6,932$3,806$1,984$995$486$202

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 $5,882 every year, while hoping to spend $49,203 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: 42/33/25 Blend
71$7,100,000$7,100,000$7,100,000$7,100,000
72$7,830,267$7,453,967$7,343,917$8,101,577
73$8,576,603$7,766,860$7,537,587$8,609,301
74$9,397,416$8,093,436$7,736,095$9,153,657
75$10,300,250$8,434,312$7,939,553$9,742,209
76$11,293,420$8,790,137$8,148,072$10,379,058
77$12,386,082$9,161,588$8,361,766$11,068,706
78$13,588,330$9,549,372$8,580,752$11,816,100
79$14,911,280$9,954,233$8,805,148$12,626,673
80$16,367,186$10,376,945$9,035,076$13,506,396
81$17,969,545$10,818,321$9,270,657$14,461,830
82$19,733,231$11,279,212$9,512,016$15,500,184
83$21,674,633$11,760,506$9,759,281$16,629,386
84$23,811,809$12,263,134$10,012,581$17,858,150
85$26,164,658$12,788,072$10,272,047$19,196,056
86$28,755,105$13,336,339$10,537,812$20,653,640
87$31,607,309$13,909,003$10,810,012$22,242,489
88$34,747,893$14,507,182$11,088,785$23,975,348
89$38,206,190$15,132,046$11,374,272$25,866,235
90$42,014,524$15,784,820$11,666,613$27,930,572
91$46,208,515$16,466,786$11,965,954$30,185,325
92$50,827,412$17,179,286$12,272,441$32,649,164
93$55,914,462$17,923,725$12,586,223$35,342,631
94$61,517,326$18,701,576$12,907,450$38,288,332
95$67,688,518$19,514,379$13,236,274$41,511,148
96$74,485,910$20,363,746$13,572,853$45,038,462
97$81,973,270$21,251,367$13,917,341$48,900,413
98$90,220,870$22,179,010$14,269,898$53,130,180
99$99,306,144$23,148,527$14,630,684$57,764,286
100$109,314,423$24,161,857$14,999,864$62,842,937