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

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$594,569$589,273$584,106$579,063$574,138$552,888
2 years$294,341$288,859$283,547$278,396$273,399$252,230
3 years$194,278$188,773$183,473$178,371$173,456$153,033
4 years$144,257$138,768$133,522$128,506$123,710$104,190
5 years$114,251$108,796$103,618$98,705$94,042$75,476
6 years$94,255$88,840$83,739$78,935$74,413$56,812
7 years$79,977$74,608$69,587$64,897$60,517$43,879
8 years$69,273$63,953$59,016$54,440$50,205$34,513
9 years$60,953$55,682$50,830$46,371$42,280$27,513
10 years$54,300$49,081$44,315$39,972$36,025$22,157
11 years$48,860$43,694$39,014$34,788$30,982$17,983
12 years$44,331$39,217$34,624$30,514$26,849$14,686
13 years$40,501$35,441$30,934$26,939$23,413$12,052
14 years$37,221$32,215$27,795$23,913$20,523$9,929
15 years$34,381$29,429$25,095$21,327$18,070$8,206
16 years$31,899$27,000$22,752$19,096$15,971$6,800
17 years$29,711$24,866$20,704$17,157$14,161$5,646
18 years$27,768$22,978$18,900$15,462$12,591$4,696
19 years$26,031$21,296$17,302$13,971$11,223$3,912
20 years$24,471$19,789$15,879$12,654$10,024$3,263
21 years$23,060$18,433$14,605$11,484$8,971$2,724
22 years$21,780$17,206$13,461$10,442$8,041$2,275
23 years$20,613$16,092$12,429$9,509$7,218$1,902
24 years$19,544$15,078$11,495$8,673$6,488$1,591
25 years$18,563$14,150$10,646$7,921$5,838$1,332
26 years$17,658$13,298$9,874$7,242$5,259$1,115
27 years$16,822$12,515$9,169$6,629$4,741$934
28 years$16,047$11,793$8,524$6,074$4,278$782
29 years$15,327$11,125$7,932$5,570$3,863$656
30 years$14,656$10,507$7,388$5,112$3,490$549
31 years$14,030$9,932$6,888$4,695$3,156$461
32 years$13,444$9,398$6,427$4,314$2,854$386
33 years$12,894$8,900$6,000$3,968$2,583$324
34 years$12,378$8,435$5,606$3,650$2,339$271
35 years$11,893$8,001$5,242$3,360$2,118$228
36 years$11,435$7,594$4,903$3,095$1,919$191
37 years$11,004$7,212$4,590$2,852$1,740$160
38 years$10,596$6,854$4,298$2,628$1,577$134
39 years$10,209$6,518$4,027$2,423$1,430$113
40 years$9,844$6,201$3,774$2,235$1,297$94
41 years$9,496$5,903$3,539$2,062$1,177$79
42 years$9,167$5,622$3,320$1,903$1,068$66
43 years$8,853$5,356$3,115$1,757$969$56
44 years$8,555$5,106$2,924$1,622$880$47
45 years$8,270$4,869$2,746$1,498$799$39
46 years$7,999$4,645$2,579$1,384$725$33
47 years$7,740$4,432$2,423$1,279$658$28
48 years$7,493$4,231$2,277$1,181$598$23
49 years$7,256$4,041$2,140$1,092$543$19
50 years$7,030$3,860$2,012$1,009$493$16

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 $6,891 every year, while hoping to spend $30,574 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: 75/16/9 Blend
71$7,200,000$7,200,000$7,200,000$7,200,000
72$7,941,508$7,559,908$7,448,308$8,524,695
73$8,719,011$7,897,813$7,665,296$9,247,661
74$9,574,795$8,251,251$7,888,528$10,035,141
75$10,516,812$8,620,950$8,118,182$10,897,222
76$11,553,825$9,007,674$8,354,438$11,841,291
77$12,695,488$9,412,223$8,597,485$12,875,480
78$13,952,440$9,835,434$8,847,513$14,008,741
79$15,336,405$10,278,187$9,104,721$15,250,928
80$16,860,301$10,741,400$9,369,311$16,612,892
81$18,538,360$11,226,038$9,641,492$18,106,578
82$20,386,268$11,733,109$9,921,478$19,745,139
83$22,421,309$12,263,672$10,209,488$21,543,057
84$24,662,526$12,818,836$10,505,749$23,516,280
85$27,130,905$13,399,761$10,810,494$25,682,370
86$29,849,573$14,007,664$11,123,961$28,060,667
87$32,844,012$14,643,822$11,446,396$30,672,468
88$36,142,301$15,309,569$11,778,050$33,541,230
89$39,775,384$16,006,307$12,119,183$36,692,787
90$43,777,358$16,735,501$12,470,061$40,155,591
91$48,185,798$17,498,690$12,830,957$43,960,980
92$53,042,108$18,297,484$13,202,153$48,143,473
93$58,391,914$19,133,572$13,583,936$52,741,089
94$64,285,495$20,008,722$13,976,604$57,795,710
95$70,778,256$20,924,790$14,380,460$63,353,466
96$77,931,251$21,883,718$14,795,819$69,465,174
97$85,811,760$22,887,542$15,223,000$76,186,814
98$94,493,925$23,938,396$15,662,336$83,580,052
99$104,059,445$25,038,517$16,114,164$91,712,819
100$114,598,353$26,190,249$16,578,833$100,659,955