Can I retire at age 72 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$652,375$646,564$640,894$635,360$629,957$619,521
2 years$322,958$316,943$311,114$305,462$299,980$289,496
3 years$213,166$207,126$201,311$195,712$190,319$180,114
4 years$158,282$152,259$146,503$141,000$135,737$125,890
5 years$125,359$119,373$113,692$108,301$103,185$93,723
6 years$103,418$97,477$91,880$86,609$81,647$72,582
7 years$87,752$81,861$76,353$71,206$66,401$57,735
8 years$76,008$70,170$64,753$59,733$55,086$46,817
9 years$66,878$61,096$55,772$50,879$46,390$38,515
10 years$59,579$53,853$48,623$43,859$39,527$32,038
11 years$53,611$47,942$42,807$38,170$33,994$26,884
12 years$48,641$43,030$37,990$33,480$29,459$22,717
13 years$44,439$38,887$33,942$29,558$25,689$19,307
14 years$40,840$35,347$30,497$26,238$22,519$16,485
15 years$37,724$32,290$27,535$23,400$19,827$14,131
16 years$35,000$29,626$24,964$20,952$17,523$12,152
17 years$32,599$27,284$22,716$18,825$15,537$10,479
18 years$30,467$25,212$20,737$16,965$13,815$9,058
19 years$28,562$23,366$18,984$15,330$12,314$7,845
20 years$26,850$21,713$17,422$13,884$10,999$6,806
21 years$25,302$20,225$16,025$12,601$9,843$5,913
22 years$23,897$18,879$14,770$11,457$8,823$5,144
23 years$22,617$17,657$13,637$10,434$7,920$4,480
24 years$21,444$16,544$12,612$9,516$7,118$3,905
25 years$20,367$15,525$11,681$8,691$6,405$3,406
26 years$19,375$14,591$10,834$7,947$5,770$2,974
27 years$18,458$13,732$10,060$7,274$5,202$2,598
28 years$17,607$12,940$9,352$6,664$4,694$2,270
29 years$16,817$12,207$8,703$6,111$4,238$1,985
30 years$16,081$11,528$8,107$5,609$3,830$1,736
31 years$15,394$10,898$7,558$5,151$3,462$1,519
32 years$14,751$10,312$7,051$4,734$3,132$1,330
33 years$14,148$9,765$6,584$4,353$2,834$1,164
34 years$13,582$9,255$6,152$4,005$2,566$1,020
35 years$13,049$8,779$5,751$3,687$2,324$893
36 years$12,547$8,332$5,380$3,396$2,106$783
37 years$12,073$7,914$5,036$3,129$1,909$686
38 years$11,626$7,521$4,716$2,884$1,730$601
39 years$11,202$7,152$4,418$2,659$1,569$527
40 years$10,801$6,804$4,141$2,453$1,423$462
41 years$10,420$6,477$3,883$2,263$1,291$405
42 years$10,058$6,168$3,642$2,088$1,172$355
43 years$9,714$5,877$3,418$1,928$1,063$311
44 years$9,386$5,602$3,208$1,780$965$273
45 years$9,074$5,342$3,013$1,644$876$239
46 years$8,777$5,096$2,829$1,518$796$210
47 years$8,493$4,863$2,658$1,403$722$184
48 years$8,221$4,643$2,498$1,296$656$161
49 years$7,962$4,434$2,348$1,198$596$141
50 years$7,713$4,235$2,207$1,107$541$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $7,900,000, adding $6,404 every year, while hoping to spend $45,762 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: 78/6/16 Blend
71$7,900,000$7,900,000$7,900,000$7,900,000
72$8,712,406$8,293,706$8,171,256$9,361,460
73$9,552,381$8,651,407$8,396,302$10,148,054
74$10,476,499$9,025,102$8,627,354$11,004,252
75$11,493,296$9,415,525$8,864,564$11,942,187
76$12,612,174$9,823,448$9,108,089$12,970,017
77$13,843,495$10,249,676$9,358,089$14,096,725
78$15,198,673$10,695,052$9,614,727$15,332,205
79$16,690,289$11,160,461$9,878,172$16,687,352
80$18,332,202$11,646,827$10,148,594$18,174,166
81$20,139,685$12,155,120$10,426,170$19,805,865
82$22,129,566$12,686,353$10,711,080$21,597,008
83$24,320,386$13,241,589$11,003,506$23,563,630
84$26,732,579$13,821,941$11,303,637$25,723,395
85$29,388,658$14,428,572$11,611,665$28,095,761
86$32,313,432$15,062,703$11,927,786$30,702,162
87$35,534,238$15,725,611$12,252,203$33,566,208
88$39,081,198$16,418,634$12,585,119$36,713,911
89$42,987,506$17,143,172$12,926,746$40,173,925
90$47,289,738$17,900,694$13,277,299$43,977,819
91$52,028,199$18,692,736$13,636,996$48,160,369
92$57,247,303$19,520,907$14,006,063$52,759,892
93$62,995,990$20,386,895$14,384,728$57,818,598
94$69,328,192$21,292,463$14,773,227$63,382,994
95$76,303,336$22,239,463$15,171,799$69,504,320
96$83,986,911$23,229,831$15,580,689$76,239,028
97$92,451,080$24,265,597$16,000,147$83,649,317
98$101,775,366$25,348,887$16,430,427$91,803,717
99$112,047,399$26,481,928$16,871,792$100,777,736
100$123,363,744$27,667,053$17,324,508$110,654,568