Can I retire at age 72 with 7,200,000?

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 $7,200,000?

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$594,569$589,273$584,106$579,063$574,138$557,547
2 years$294,341$288,859$283,547$278,396$273,399$256,816
3 years$194,278$188,773$183,473$178,371$173,456$157,400
4 years$144,257$138,768$133,522$128,506$123,710$108,304
5 years$114,251$108,796$103,618$98,705$94,042$79,329
6 years$94,255$88,840$83,739$78,935$74,413$60,405
7 years$79,977$74,608$69,587$64,897$60,517$47,216
8 years$69,273$63,953$59,016$54,440$50,205$37,602
9 years$60,953$55,682$50,830$46,371$42,280$30,362
10 years$54,300$49,081$44,315$39,972$36,025$24,776
11 years$48,860$43,694$39,014$34,788$30,982$20,385
12 years$44,331$39,217$34,624$30,514$26,849$16,881
13 years$40,501$35,441$30,934$26,939$23,413$14,052
14 years$37,221$32,215$27,795$23,913$20,523$11,747
15 years$34,381$29,429$25,095$21,327$18,070$9,855
16 years$31,899$27,000$22,752$19,096$15,971$8,290
17 years$29,711$24,866$20,704$17,157$14,161$6,991
18 years$27,768$22,978$18,900$15,462$12,591$5,907
19 years$26,031$21,296$17,302$13,971$11,223$4,999
20 years$24,471$19,789$15,879$12,654$10,024$4,237
21 years$23,060$18,433$14,605$11,484$8,971$3,595
22 years$21,780$17,206$13,461$10,442$8,041$3,053
23 years$20,613$16,092$12,429$9,509$7,218$2,595
24 years$19,544$15,078$11,495$8,673$6,488$2,207
25 years$18,563$14,150$10,646$7,921$5,838$1,879
26 years$17,658$13,298$9,874$7,242$5,259$1,600
27 years$16,822$12,515$9,169$6,629$4,741$1,363
28 years$16,047$11,793$8,524$6,074$4,278$1,161
29 years$15,327$11,125$7,932$5,570$3,863$990
30 years$14,656$10,507$7,388$5,112$3,490$844
31 years$14,030$9,932$6,888$4,695$3,156$720
32 years$13,444$9,398$6,427$4,314$2,854$614
33 years$12,894$8,900$6,000$3,968$2,583$524
34 years$12,378$8,435$5,606$3,650$2,339$447
35 years$11,893$8,001$5,242$3,360$2,118$382
36 years$11,435$7,594$4,903$3,095$1,919$326
37 years$11,004$7,212$4,590$2,852$1,740$278
38 years$10,596$6,854$4,298$2,628$1,577$237
39 years$10,209$6,518$4,027$2,423$1,430$203
40 years$9,844$6,201$3,774$2,235$1,297$173
41 years$9,496$5,903$3,539$2,062$1,177$148
42 years$9,167$5,622$3,320$1,903$1,068$126
43 years$8,853$5,356$3,115$1,757$969$108
44 years$8,555$5,106$2,924$1,622$880$92
45 years$8,270$4,869$2,746$1,498$799$78
46 years$7,999$4,645$2,579$1,384$725$67
47 years$7,740$4,432$2,423$1,279$658$57
48 years$7,493$4,231$2,277$1,181$598$49
49 years$7,256$4,041$2,140$1,092$543$42
50 years$7,030$3,860$2,012$1,009$493$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $7,200,000, adding $6,857 every year, while hoping to spend $22,001 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: 61/17/22 Blend
71$7,200,000$7,200,000$7,200,000$7,200,000
72$7,941,473$7,559,873$7,448,273$8,379,532
73$8,728,094$7,906,898$7,674,381$9,023,985
74$9,594,214$8,270,190$7,907,327$9,724,016
75$10,547,917$8,650,522$8,147,315$10,487,564
76$11,598,113$9,048,706$8,394,559$11,320,812
77$12,754,619$9,465,592$8,649,276$12,230,560
78$14,028,255$9,902,071$8,911,691$13,224,291
79$15,430,941$10,359,075$9,182,036$14,310,237
80$16,975,812$10,837,585$9,460,550$15,497,458
81$18,677,344$11,338,626$9,747,477$16,795,923
82$20,551,487$11,863,273$10,043,072$18,216,602
83$22,615,818$12,412,652$10,347,594$19,771,573
84$24,889,705$12,987,946$10,661,312$21,474,126
85$27,394,491$13,590,392$10,984,502$23,338,892
86$30,153,696$14,221,288$11,317,450$25,381,978
87$33,193,236$14,881,994$11,660,448$27,621,115
88$36,541,671$15,573,937$12,013,798$30,075,824
89$40,230,472$16,298,610$12,377,811$32,767,598
90$44,294,320$17,057,582$12,752,807$35,720,102
91$48,771,431$17,852,494$13,139,116$38,959,395
92$53,703,918$18,685,067$13,537,078$42,514,169
93$59,138,190$19,557,108$13,947,042$46,416,024
94$65,125,387$20,470,507$14,369,369$50,699,755
95$71,721,863$21,427,249$14,804,430$55,403,684
96$78,989,721$22,429,412$15,252,607$60,570,015
97$86,997,396$23,479,177$15,714,292$66,245,229
98$95,820,301$24,578,827$16,189,892$72,480,522
99$105,541,542$25,730,760$16,679,823$79,332,278
100$116,252,697$26,937,485$17,184,516$86,862,607