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

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$635,859$630,195$624,669$619,275$614,009$600,385
2 years$314,782$308,919$303,237$297,729$292,385$278,730
3 years$207,770$201,882$196,215$190,758$185,501$172,242
4 years$154,274$148,405$142,794$137,430$132,301$119,539
5 years$122,186$116,351$110,814$105,559$100,573$88,344
6 years$100,800$95,009$89,554$84,417$79,580$67,897
7 years$85,531$79,789$74,420$69,404$64,720$53,585
8 years$74,084$68,394$63,114$58,221$53,691$43,101
9 years$65,185$59,549$54,360$49,591$45,216$35,162
10 years$58,071$52,490$47,392$42,748$38,526$28,998
11 years$52,254$46,728$41,723$37,204$33,134$24,119
12 years$47,409$41,941$37,029$32,633$28,713$20,197
13 years$43,314$37,902$33,083$28,810$25,038$17,006
14 years$39,806$34,452$29,725$25,574$21,948$14,383
15 years$36,769$31,473$26,838$22,808$19,325$12,211
16 years$34,114$28,876$24,332$20,422$17,080$10,398
17 years$31,774$26,593$22,141$18,349$15,144$8,877
18 years$29,696$24,573$20,212$16,536$13,465$7,595
19 years$27,839$22,774$18,503$14,942$12,002$6,510
20 years$26,170$21,163$16,981$13,533$10,720$5,589
21 years$24,662$19,713$15,620$12,282$9,594$4,804
22 years$23,292$18,401$14,396$11,167$8,599$4,134
23 years$22,044$17,210$13,292$10,170$7,719$3,561
24 years$20,901$16,125$12,293$9,275$6,938$3,070
25 years$19,852$15,132$11,386$8,471$6,243$2,649
26 years$18,885$14,222$10,560$7,745$5,624$2,287
27 years$17,990$13,384$9,806$7,090$5,070$1,975
28 years$17,162$12,612$9,116$6,496$4,575$1,707
29 years$16,391$11,898$8,483$5,957$4,131$1,475
30 years$15,674$11,236$7,901$5,467$3,733$1,276
31 years$15,004$10,622$7,366$5,021$3,375$1,103
32 years$14,377$10,051$6,873$4,614$3,053$955
33 years$13,790$9,518$6,417$4,243$2,763$826
34 years$13,238$9,021$5,996$3,904$2,501$715
35 years$12,719$8,556$5,606$3,594$2,266$619
36 years$12,229$8,121$5,244$3,310$2,053$536
37 years$11,768$7,713$4,908$3,050$1,860$464
38 years$11,331$7,330$4,596$2,811$1,687$402
39 years$10,918$6,970$4,306$2,592$1,529$348
40 years$10,527$6,632$4,036$2,391$1,387$301
41 years$10,156$6,313$3,785$2,206$1,259$261
42 years$9,803$6,012$3,550$2,035$1,142$226
43 years$9,468$5,728$3,331$1,879$1,036$196
44 years$9,149$5,460$3,127$1,735$941$170
45 years$8,845$5,207$2,936$1,602$854$147
46 years$8,554$4,967$2,758$1,480$775$127
47 years$8,278$4,740$2,591$1,367$704$110
48 years$8,013$4,525$2,435$1,263$639$96
49 years$7,760$4,321$2,289$1,168$581$83
50 years$7,518$4,128$2,152$1,079$528$72

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 $4,991 every year, while hoping to spend $52,585 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: 53/23/24 Blend
71$7,700,000$7,700,000$7,700,000$7,700,000
72$8,490,548$8,082,448$7,963,098$8,883,831
73$9,300,634$8,422,538$8,173,912$9,495,796
74$10,191,586$8,777,530$8,390,026$10,155,549
75$11,171,598$9,148,099$8,611,561$10,872,424
76$12,249,695$9,534,950$8,838,643$11,651,897
77$13,435,824$9,938,823$9,071,397$12,499,984
78$14,740,943$10,360,490$9,309,954$13,423,305
79$16,177,126$10,800,761$9,554,444$14,429,141
80$17,757,677$11,260,482$9,805,002$15,525,498
81$19,497,254$11,740,540$10,061,764$16,721,187
82$21,412,010$12,241,862$10,324,869$18,025,899
83$23,519,740$12,765,418$10,594,457$19,450,299
84$25,840,056$13,312,226$10,870,674$21,006,120
85$28,394,565$13,883,349$11,153,665$22,706,276
86$31,207,077$14,479,899$11,443,579$24,564,979
87$34,303,828$15,103,043$11,740,568$26,597,872
88$37,713,726$15,754,000$12,044,784$28,822,171
89$41,468,628$16,434,047$12,356,386$31,256,830
90$45,603,634$17,144,522$12,675,532$33,922,712
91$50,157,426$17,886,825$13,002,383$36,842,786
92$55,172,624$18,662,420$13,337,104$40,042,340
93$60,696,195$19,472,842$13,679,860$43,549,218
94$66,779,894$20,319,698$14,030,822$47,394,077
95$73,480,749$21,204,669$14,390,161$51,610,674
96$80,861,605$22,129,518$14,758,051$56,236,182
97$88,991,711$23,096,087$15,134,668$61,311,536
98$97,947,378$24,106,307$15,520,192$66,881,816
99$107,812,697$25,162,202$15,914,804$72,996,670
100$118,680,330$26,265,888$16,318,689$79,710,776