Can I retire at age 72 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$619,343$613,826$608,444$603,190$598,061$581,716
2 years$306,605$300,895$295,361$289,995$284,791$268,443
3 years$202,373$196,638$191,118$185,803$180,683$164,844
4 years$150,267$144,550$139,085$133,860$128,865$113,656
5 years$119,012$113,329$107,936$102,818$97,961$83,425
6 years$98,182$92,542$87,228$82,224$77,513$63,663
7 years$83,309$77,716$72,487$67,601$63,039$49,875
8 years$72,160$66,617$61,475$56,709$52,297$39,813
9 years$63,492$58,002$52,948$48,303$44,041$32,226
10 years$56,562$51,126$46,161$41,638$37,526$26,363
11 years$50,896$45,515$40,640$36,237$32,273$21,746
12 years$46,178$40,851$36,067$31,785$27,967$18,056
13 years$42,189$36,918$32,223$28,062$24,388$15,071
14 years$38,772$33,557$28,953$24,910$21,378$12,634
15 years$35,814$30,655$26,140$22,215$18,823$10,628
16 years$33,228$28,126$23,700$19,891$16,636$8,967
17 years$30,948$25,903$21,566$17,872$14,751$7,583
18 years$28,925$23,935$19,687$16,106$13,116$6,426
19 years$27,116$22,183$18,023$14,554$11,690$5,455
20 years$25,490$20,613$16,540$13,181$10,442$4,637
21 years$24,021$19,201$15,214$11,963$9,344$3,947
22 years$22,687$17,923$14,022$10,877$8,376$3,362
23 years$21,471$16,763$12,947$9,906$7,519$2,867
24 years$20,358$15,706$11,974$9,035$6,758$2,446
25 years$19,336$14,739$11,090$8,251$6,081$2,089
26 years$18,394$13,852$10,285$7,544$5,478$1,784
27 years$17,523$13,037$9,551$6,905$4,939$1,525
28 years$16,716$12,284$8,879$6,327$4,456$1,304
29 years$15,966$11,589$8,262$5,802$4,024$1,115
30 years$15,267$10,945$7,696$5,325$3,636$954
31 years$14,614$10,346$7,175$4,890$3,287$816
32 years$14,004$9,790$6,694$4,494$2,973$699
33 years$13,431$9,271$6,251$4,133$2,691$598
34 years$12,894$8,787$5,840$3,803$2,436$512
35 years$12,388$8,334$5,460$3,500$2,207$438
36 years$11,912$7,910$5,108$3,224$1,999$375
37 years$11,462$7,513$4,781$2,970$1,812$322
38 years$11,037$7,140$4,477$2,738$1,643$275
39 years$10,635$6,789$4,194$2,524$1,490$236
40 years$10,254$6,460$3,931$2,328$1,351$202
41 years$9,892$6,149$3,686$2,148$1,226$173
42 years$9,549$5,856$3,458$1,983$1,112$148
43 years$9,222$5,580$3,245$1,830$1,010$127
44 years$8,911$5,319$3,046$1,690$916$109
45 years$8,615$5,072$2,860$1,561$832$93
46 years$8,332$4,838$2,686$1,442$755$80
47 years$8,063$4,617$2,524$1,332$686$68
48 years$7,805$4,408$2,372$1,231$623$59
49 years$7,558$4,209$2,229$1,137$566$50
50 years$7,323$4,021$2,096$1,051$514$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $7,500,000, adding $4,724 every year, while hoping to spend $56,796 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: 67/9/24 Blend
71$7,500,000$7,500,000$7,500,000$7,500,000
72$8,269,873$7,872,373$7,756,123$8,772,644
73$9,052,969$8,197,689$7,955,522$9,436,283
74$9,914,038$8,537,041$8,159,698$10,154,881
75$10,860,972$8,891,059$8,368,751$10,939,475
76$11,902,469$9,260,398$8,582,781$11,796,574
77$13,048,108$9,645,745$8,801,892$12,733,343
78$14,308,448$10,047,819$9,026,188$13,757,671
79$15,695,120$10,467,372$9,255,775$14,878,243
80$17,220,939$10,905,191$9,490,761$16,104,622
81$18,900,027$11,362,097$9,731,254$17,447,339
82$20,747,942$11,838,952$9,977,363$18,917,991
83$22,781,828$12,336,657$10,229,201$20,529,347
84$25,020,575$12,856,153$10,486,879$22,295,474
85$27,484,997$13,398,428$10,750,512$24,231,858
86$30,198,027$13,964,512$11,020,215$26,355,562
87$33,184,938$14,555,485$11,296,105$28,685,373
88$36,473,575$15,172,477$11,578,298$31,241,988
89$40,094,622$15,816,671$11,866,913$34,048,203
90$44,081,889$16,489,303$12,162,070$37,129,129
91$48,472,633$17,191,670$12,463,890$40,512,425
92$53,307,905$17,925,126$12,772,494$44,228,560
93$58,632,944$18,691,089$13,088,006$48,311,101
94$64,497,597$19,491,045$13,410,547$52,797,022
95$70,956,794$20,326,549$13,740,242$57,727,057
96$78,071,063$21,199,225$14,077,216$63,146,083
97$85,907,102$22,110,778$14,421,593$69,103,538
98$94,538,411$23,062,990$14,773,501$75,653,887
99$104,045,979$24,057,727$15,133,063$82,857,138
100$114,519,056$25,096,943$15,500,408$90,779,403