Can I retire at age 72 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$644,117$638,379$632,782$627,318$621,983$597,541
2 years$318,870$312,931$307,176$301,595$296,182$271,857
3 years$210,468$204,504$198,763$193,235$187,910$164,467
4 years$156,278$150,332$144,648$139,215$134,019$111,636
5 years$123,772$117,862$112,253$106,930$101,879$80,614
6 years$102,109$96,243$90,717$85,513$80,614$60,480
7 years$86,641$80,825$75,386$70,305$65,560$46,551
8 years$75,046$69,282$63,934$58,977$54,389$36,485
9 years$66,032$60,322$55,066$50,235$45,803$28,978
10 years$58,825$53,171$48,008$43,303$39,027$23,247
11 years$52,932$47,335$42,265$37,687$33,564$18,795
12 years$48,025$42,486$37,509$33,057$29,086$15,287
13 years$43,876$38,395$33,512$29,184$25,364$12,494
14 years$40,323$34,900$30,111$25,906$22,234$10,250
15 years$37,246$31,881$27,186$23,104$19,576$8,435
16 years$34,557$29,251$24,648$20,687$17,301$6,959
17 years$32,186$26,939$22,429$18,587$15,341$5,753
18 years$30,082$24,893$20,475$16,751$13,640$4,764
19 years$28,201$23,070$18,744$15,136$12,158$3,950
20 years$26,510$21,438$17,202$13,708$10,860$3,279
21 years$24,982$19,969$15,822$12,441$9,718$2,725
22 years$23,595$18,640$14,583$11,312$8,711$2,266
23 years$22,330$17,434$13,465$10,302$7,819$1,885
24 years$21,173$16,334$12,453$9,396$7,028$1,570
25 years$20,110$15,329$11,534$8,581$6,324$1,307
26 years$19,130$14,407$10,697$7,846$5,697$1,089
27 years$18,224$13,558$9,933$7,182$5,136$908
28 years$17,384$12,776$9,234$6,580$4,634$757
29 years$16,604$12,053$8,593$6,034$4,185$631
30 years$15,877$11,382$8,004$5,538$3,781$526
31 years$15,199$10,760$7,462$5,086$3,419$439
32 years$14,564$10,181$6,962$4,674$3,092$366
33 years$13,969$9,642$6,501$4,298$2,799$306
34 years$13,410$9,138$6,074$3,955$2,534$255
35 years$12,884$8,667$5,678$3,640$2,295$213
36 years$12,388$8,227$5,312$3,353$2,079$178
37 years$11,921$7,813$4,972$3,089$1,885$148
38 years$11,479$7,426$4,656$2,847$1,709$124
39 years$11,060$7,061$4,362$2,625$1,549$103
40 years$10,664$6,718$4,089$2,422$1,405$86
41 years$10,288$6,395$3,834$2,234$1,275$72
42 years$9,931$6,090$3,596$2,062$1,157$60
43 years$9,591$5,803$3,375$1,903$1,050$50
44 years$9,268$5,531$3,168$1,757$953$42
45 years$8,959$5,275$2,974$1,623$865$35
46 years$8,666$5,032$2,794$1,499$786$29
47 years$8,385$4,802$2,625$1,385$713$24
48 years$8,117$4,584$2,466$1,280$648$20
49 years$7,861$4,377$2,318$1,183$588$17
50 years$7,616$4,182$2,179$1,093$534$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $7,800,000, adding $3,455 every year, while hoping to spend $32,168 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: 47/38/15 Blend
71$7,800,000$7,800,000$7,800,000$7,800,000
72$8,599,164$8,185,764$8,064,864$8,966,860
73$9,442,052$8,552,640$8,300,810$9,588,953
74$10,369,837$8,936,414$8,543,583$10,260,183
75$11,391,143$9,337,882$8,793,376$10,987,995
76$12,515,476$9,757,874$9,050,390$11,777,675
77$13,753,308$10,197,263$9,314,831$12,635,027
78$15,116,177$10,656,961$9,586,910$13,566,423
79$16,616,801$11,137,926$9,866,845$14,578,865
80$18,269,189$11,641,159$10,154,859$15,680,044
81$20,088,782$12,167,711$10,451,182$16,878,411
82$22,092,591$12,718,682$10,756,050$18,183,253
83$24,299,363$13,295,226$11,069,706$19,604,777
84$26,729,756$13,898,550$11,392,399$21,154,203
85$29,406,533$14,529,920$11,724,386$22,843,864
86$32,354,776$15,190,664$12,065,931$24,687,323
87$35,602,127$15,882,170$12,417,303$26,699,491
88$39,179,044$16,605,896$12,778,782$28,896,768
89$43,119,089$17,363,367$13,150,654$31,297,191
90$47,459,248$18,156,184$13,533,213$33,920,598
91$52,240,276$18,986,022$13,926,760$36,788,815
92$57,507,086$19,854,638$14,331,608$39,925,850
93$63,309,166$20,763,873$14,748,074$43,358,121
94$69,701,053$21,715,656$15,176,488$47,114,693
95$76,742,846$22,712,008$15,617,185$51,227,552
96$84,500,768$23,755,048$16,070,512$55,731,896
97$93,047,798$24,846,997$16,536,826$60,666,465
98$102,464,355$25,990,182$17,016,492$66,073,896
99$112,839,061$27,187,042$17,509,886$72,001,119
100$124,269,571$28,440,133$18,017,393$78,499,795