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

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$644,117$638,379$632,782$627,318$621,983$610,674
2 years$318,870$312,931$307,176$301,595$296,182$284,829
3 years$210,468$204,504$198,763$193,235$187,910$176,867
4 years$156,278$150,332$144,648$139,215$134,019$123,370
5 years$123,772$117,862$112,253$106,930$101,879$91,655
6 years$102,109$96,243$90,717$85,513$80,614$70,826
7 years$86,641$80,825$75,386$70,305$65,560$56,212
8 years$75,046$69,282$63,934$58,977$54,389$45,477
9 years$66,032$60,322$55,066$50,235$45,803$37,323
10 years$58,825$53,171$48,008$43,303$39,027$30,971
11 years$52,932$47,335$42,265$37,687$33,564$25,923
12 years$48,025$42,486$37,509$33,057$29,086$21,849
13 years$43,876$38,395$33,512$29,184$25,364$18,520
14 years$40,323$34,900$30,111$25,906$22,234$15,771
15 years$37,246$31,881$27,186$23,104$19,576$13,481
16 years$34,557$29,251$24,648$20,687$17,301$11,561
17 years$32,186$26,939$22,429$18,587$15,341$9,941
18 years$30,082$24,893$20,475$16,751$13,640$8,568
19 years$28,201$23,070$18,744$15,136$12,158$7,399
20 years$26,510$21,438$17,202$13,708$10,860$6,400
21 years$24,982$19,969$15,822$12,441$9,718$5,543
22 years$23,595$18,640$14,583$11,312$8,711$4,807
23 years$22,330$17,434$13,465$10,302$7,819$4,174
24 years$21,173$16,334$12,453$9,396$7,028$3,627
25 years$20,110$15,329$11,534$8,581$6,324$3,154
26 years$19,130$14,407$10,697$7,846$5,697$2,744
27 years$18,224$13,558$9,933$7,182$5,136$2,390
28 years$17,384$12,776$9,234$6,580$4,634$2,082
29 years$16,604$12,053$8,593$6,034$4,185$1,814
30 years$15,877$11,382$8,004$5,538$3,781$1,582
31 years$15,199$10,760$7,462$5,086$3,419$1,380
32 years$14,564$10,181$6,962$4,674$3,092$1,203
33 years$13,969$9,642$6,501$4,298$2,799$1,050
34 years$13,410$9,138$6,074$3,955$2,534$917
35 years$12,884$8,667$5,678$3,640$2,295$800
36 years$12,388$8,227$5,312$3,353$2,079$699
37 years$11,921$7,813$4,972$3,089$1,885$610
38 years$11,479$7,426$4,656$2,847$1,709$533
39 years$11,060$7,061$4,362$2,625$1,549$465
40 years$10,664$6,718$4,089$2,422$1,405$407
41 years$10,288$6,395$3,834$2,234$1,275$355
42 years$9,931$6,090$3,596$2,062$1,157$310
43 years$9,591$5,803$3,375$1,903$1,050$271
44 years$9,268$5,531$3,168$1,757$953$237
45 years$8,959$5,275$2,974$1,623$865$207
46 years$8,666$5,032$2,794$1,499$786$181
47 years$8,385$4,802$2,625$1,385$713$158
48 years$8,117$4,584$2,466$1,280$648$138
49 years$7,861$4,377$2,318$1,183$588$121
50 years$7,616$4,182$2,179$1,093$534$106

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 $6,511 every year, while hoping to spend $28,314 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: 64/7/29 Blend
71$7,800,000$7,800,000$7,800,000$7,800,000
72$8,602,316$8,188,916$8,068,016$9,085,932
73$9,449,626$8,560,047$8,308,169$9,785,642
74$10,382,414$8,948,415$8,555,418$10,546,215
75$11,409,366$9,354,833$8,809,970$11,376,717
76$12,540,058$9,780,157$9,072,041$12,284,029
77$13,785,039$10,225,279$9,341,849$13,275,722
78$15,155,934$10,691,139$9,619,622$14,360,131
79$16,665,552$11,178,717$9,905,592$15,546,434
80$18,328,008$11,689,044$10,199,999$16,844,732
81$20,158,855$12,223,198$10,503,090$18,266,148
82$22,175,232$12,782,309$10,815,118$19,822,929
83$24,396,026$13,367,562$11,136,344$21,528,560
84$26,842,046$13,980,198$11,467,037$23,397,891
85$29,536,226$14,621,519$11,807,474$25,447,273
86$32,503,835$15,292,888$12,157,939$27,694,714
87$35,772,721$15,995,733$12,518,724$30,160,048
88$39,373,567$16,731,553$12,890,130$32,865,115
89$43,340,189$17,501,917$13,272,467$35,833,973
90$47,709,848$18,308,470$13,666,054$39,093,117
91$52,523,604$19,152,937$14,071,218$42,671,732
92$57,826,704$20,037,124$14,488,297$46,601,963
93$63,669,011$20,962,926$14,917,638$50,919,220
94$70,105,468$21,932,327$15,359,596$55,662,508
95$77,196,623$22,947,409$15,814,541$60,874,792
96$85,009,199$24,010,352$16,282,848$66,603,403
97$93,616,721$25,123,443$16,764,907$72,900,483
98$103,100,212$26,289,077$17,261,118$79,823,471
99$113,548,959$27,509,768$17,771,890$87,435,646
100$125,061,353$28,788,146$18,297,649$95,806,723