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%17.1%
1 years$586,311$581,089$575,993$571,020$566,164$549,803
2 years$290,253$284,847$279,608$274,529$269,602$253,249
3 years$191,580$186,151$180,925$175,893$171,047$155,213
4 years$142,253$136,841$131,667$126,721$121,992$106,800
5 years$112,665$107,285$102,179$97,334$92,736$78,227
6 years$92,945$87,606$82,576$77,839$73,379$59,566
7 years$78,866$73,571$68,621$63,996$59,677$46,560
8 years$68,311$63,064$58,196$53,684$49,508$37,080
9 years$60,106$54,909$50,124$45,727$41,693$29,940
10 years$53,546$48,399$43,699$39,417$35,524$24,432
11 years$48,182$43,087$38,472$34,305$30,552$20,101
12 years$43,715$38,673$34,143$30,090$26,476$16,646
13 years$39,939$34,949$30,505$26,565$23,087$13,857
14 years$36,704$31,768$27,409$23,581$20,238$11,584
15 years$33,904$29,020$24,746$21,030$17,819$9,718
16 years$31,456$26,625$22,436$18,830$15,749$8,175
17 years$29,298$24,521$20,416$16,919$13,964$6,894
18 years$27,382$22,659$18,637$15,247$12,416$5,825
19 years$25,670$21,000$17,061$13,777$11,067$4,930
20 years$24,131$19,514$15,658$12,478$9,885$4,178
21 years$22,740$18,177$14,402$11,325$8,846$3,545
22 years$21,477$16,967$13,274$10,297$7,929$3,011
23 years$20,326$15,869$12,256$9,377$7,118$2,559
24 years$19,273$14,868$11,335$8,553$6,398$2,177
25 years$18,305$13,953$10,498$7,811$5,757$1,852
26 years$17,413$13,114$9,737$7,142$5,186$1,577
27 years$16,589$12,341$9,041$6,537$4,675$1,344
28 years$15,824$11,629$8,405$5,989$4,218$1,145
29 years$15,114$10,971$7,822$5,492$3,809$976
30 years$14,453$10,361$7,286$5,041$3,442$832
31 years$13,835$9,794$6,792$4,629$3,112$710
32 years$13,257$9,268$6,337$4,255$2,815$606
33 years$12,715$8,777$5,917$3,912$2,547$517
34 years$12,206$8,318$5,529$3,600$2,306$441
35 years$11,728$7,890$5,169$3,314$2,089$376
36 years$11,276$7,488$4,835$3,052$1,893$321
37 years$10,851$7,112$4,526$2,812$1,715$274
38 years$10,448$6,759$4,238$2,592$1,555$234
39 years$10,068$6,427$3,971$2,390$1,410$200
40 years$9,707$6,115$3,722$2,204$1,279$170
41 years$9,364$5,821$3,490$2,034$1,161$146
42 years$9,039$5,544$3,274$1,877$1,053$124
43 years$8,730$5,282$3,072$1,733$956$106
44 years$8,436$5,035$2,883$1,600$867$91
45 years$8,155$4,801$2,707$1,477$788$77
46 years$7,888$4,580$2,543$1,365$715$66
47 years$7,633$4,371$2,389$1,261$649$56
48 years$7,389$4,173$2,245$1,165$590$48
49 years$7,155$3,985$2,110$1,077$536$41
50 years$6,932$3,806$1,984$995$486$35

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 $5,456 every year, while hoping to spend $58,856 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: 69/20/11 Blend
71$7,100,000$7,100,000$7,100,000$7,100,000
72$7,829,828$7,453,528$7,343,478$8,351,766
73$8,565,848$7,756,128$7,526,862$9,001,478
74$9,374,970$8,071,584$7,714,417$9,704,388
75$10,264,587$8,400,462$7,906,220$10,471,810
76$11,242,846$8,743,356$8,102,350$11,310,071
77$12,318,723$9,100,887$8,302,885$12,226,136
78$13,502,106$9,473,704$8,507,906$13,227,668
79$14,803,891$9,862,485$8,717,490$14,323,106
80$16,236,082$10,267,941$8,931,720$15,521,733
81$17,811,905$10,690,813$9,150,676$16,833,774
82$19,545,934$11,131,877$9,374,438$18,270,481
83$21,454,226$11,591,947$9,603,089$19,844,244
84$23,554,475$12,071,869$9,836,710$21,568,703
85$25,866,174$12,572,533$10,075,382$23,458,878
86$28,410,804$13,094,868$10,319,188$25,531,307
87$31,212,035$13,639,845$10,568,209$27,804,201
88$34,295,946$14,208,481$10,822,528$30,297,612
89$37,691,274$14,801,839$11,082,225$33,033,626
90$41,429,687$15,421,031$11,347,382$36,036,563
91$45,546,075$16,067,222$11,618,079$39,333,207
92$50,078,887$16,741,629$11,894,397$42,953,060
93$55,070,491$17,445,525$12,176,417$46,928,612
94$60,567,570$18,180,245$12,464,216$51,295,652
95$66,621,567$18,947,182$12,757,872$56,093,595
96$73,289,170$19,747,797$13,057,464$61,365,862
97$80,632,842$20,583,616$13,363,066$67,160,279
98$88,721,417$21,456,238$13,674,753$73,529,528
99$97,630,743$22,367,335$13,992,599$80,531,643
100$107,444,402$23,318,658$14,316,674$88,230,553