Can I retire at age 72 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$635,859$630,195$624,669$619,275$614,009$609,373
2 years$314,782$308,919$303,237$297,729$292,385$287,712
3 years$207,770$201,882$196,215$190,758$185,501$180,934
4 years$154,274$148,405$142,794$137,430$132,301$127,876
5 years$122,186$116,351$110,814$105,559$100,573$96,303
6 years$100,800$95,009$89,554$84,417$79,580$75,471
7 years$85,531$79,789$74,420$69,404$64,720$60,773
8 years$74,084$68,394$63,114$58,221$53,691$49,907
9 years$65,185$59,549$54,360$49,591$45,216$41,592
10 years$58,071$52,490$47,392$42,748$38,526$35,062
11 years$52,254$46,728$41,723$37,204$33,134$29,826
12 years$47,409$41,941$37,029$32,633$28,713$25,559
13 years$43,314$37,902$33,083$28,810$25,038$22,035
14 years$39,806$34,452$29,725$25,574$21,948$19,092
15 years$36,769$31,473$26,838$22,808$19,325$16,611
16 years$34,114$28,876$24,332$20,422$17,080$14,504
17 years$31,774$26,593$22,141$18,349$15,144$12,703
18 years$29,696$24,573$20,212$16,536$13,465$11,154
19 years$27,839$22,774$18,503$14,942$12,002$9,816
20 years$26,170$21,163$16,981$13,533$10,720$8,655
21 years$24,662$19,713$15,620$12,282$9,594$7,645
22 years$23,292$18,401$14,396$11,167$8,599$6,762
23 years$22,044$17,210$13,292$10,170$7,719$5,989
24 years$20,901$16,125$12,293$9,275$6,938$5,310
25 years$19,852$15,132$11,386$8,471$6,243$4,713
26 years$18,885$14,222$10,560$7,745$5,624$4,187
27 years$17,990$13,384$9,806$7,090$5,070$3,722
28 years$17,162$12,612$9,116$6,496$4,575$3,311
29 years$16,391$11,898$8,483$5,957$4,131$2,947
30 years$15,674$11,236$7,901$5,467$3,733$2,625
31 years$15,004$10,622$7,366$5,021$3,375$2,339
32 years$14,377$10,051$6,873$4,614$3,053$2,085
33 years$13,790$9,518$6,417$4,243$2,763$1,859
34 years$13,238$9,021$5,996$3,904$2,501$1,658
35 years$12,719$8,556$5,606$3,594$2,266$1,480
36 years$12,229$8,121$5,244$3,310$2,053$1,321
37 years$11,768$7,713$4,908$3,050$1,860$1,179
38 years$11,331$7,330$4,596$2,811$1,687$1,053
39 years$10,918$6,970$4,306$2,592$1,529$940
40 years$10,527$6,632$4,036$2,391$1,387$840
41 years$10,156$6,313$3,785$2,206$1,259$750
42 years$9,803$6,012$3,550$2,035$1,142$670
43 years$9,468$5,728$3,331$1,879$1,036$599
44 years$9,149$5,460$3,127$1,735$941$535
45 years$8,845$5,207$2,936$1,602$854$478
46 years$8,554$4,967$2,758$1,480$775$428
47 years$8,278$4,740$2,591$1,367$704$382
48 years$8,013$4,525$2,435$1,263$639$342
49 years$7,760$4,321$2,289$1,168$581$305
50 years$7,518$4,128$2,152$1,079$528$273

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $7,700,000, adding $5,819 every year, while hoping to spend $54,828 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: 47/40/13 Blend
71$7,700,000$7,700,000$7,700,000$7,700,000
72$8,491,402$8,083,302$7,963,952$8,859,356
73$9,299,189$8,421,048$8,172,408$9,452,091
74$10,187,532$8,773,505$8,386,010$10,088,921
75$11,164,590$9,141,337$8,604,871$10,778,863
76$12,239,354$9,525,237$8,829,110$11,526,879
77$13,421,726$9,925,932$9,058,843$12,338,419
78$14,722,620$10,344,181$9,294,192$13,219,471
79$16,154,060$10,780,778$9,535,280$14,176,613
80$17,729,293$11,236,555$9,782,231$15,217,071
81$19,462,916$11,712,382$10,035,171$16,348,789
82$21,371,014$12,209,169$10,294,230$17,580,496
83$23,471,309$12,727,870$10,559,538$18,921,790
84$25,783,328$13,269,481$10,831,228$20,383,220
85$28,328,588$13,835,046$11,109,435$21,976,388
86$31,130,799$14,425,658$11,394,296$23,714,050
87$34,216,085$15,042,460$11,685,949$25,610,235
88$37,613,233$15,686,648$11,984,536$27,680,377
89$41,353,965$16,359,476$12,290,200$29,941,447
90$45,473,233$17,062,253$12,603,085$32,412,121
91$50,009,552$17,796,354$12,923,338$35,112,943
92$55,005,365$18,563,214$13,251,109$38,066,517
93$60,507,439$19,364,337$13,586,547$41,297,718
94$66,567,307$20,201,299$13,929,805$44,833,919
95$73,241,756$21,075,747$14,281,038$48,705,246
96$80,593,365$21,989,408$14,640,402$52,944,853
97$88,691,087$22,944,088$15,008,054$57,589,236
98$97,610,908$23,941,679$15,384,155$62,678,567
99$107,436,561$24,984,161$15,768,864$68,257,066
100$118,260,315$26,073,610$16,162,346$74,373,416