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%17.8%
1 years$652,375$646,564$640,894$635,360$629,957$610,036
2 years$322,958$316,943$311,114$305,462$299,980$280,090
3 years$213,166$207,126$201,311$195,712$190,319$171,085
4 years$158,282$152,259$146,503$141,000$135,737$117,306
5 years$125,359$119,373$113,692$108,301$103,185$85,607
6 years$103,418$97,477$91,880$86,609$81,647$64,936
7 years$87,752$81,861$76,353$71,206$66,401$50,555
8 years$76,008$70,170$64,753$59,733$55,086$40,096
9 years$66,878$61,096$55,772$50,879$46,390$32,238
10 years$59,579$53,853$48,623$43,859$39,527$26,192
11 years$53,611$47,942$42,807$38,170$33,994$21,452
12 years$48,641$43,030$37,990$33,480$29,459$17,683
13 years$44,439$38,887$33,942$29,558$25,689$14,650
14 years$40,840$35,347$30,497$26,238$22,519$12,188
15 years$37,724$32,290$27,535$23,400$19,827$10,174
16 years$35,000$29,626$24,964$20,952$17,523$8,516
17 years$32,599$27,284$22,716$18,825$15,537$7,145
18 years$30,467$25,212$20,737$16,965$13,815$6,005
19 years$28,562$23,366$18,984$15,330$12,314$5,056
20 years$26,850$21,713$17,422$13,884$10,999$4,262
21 years$25,302$20,225$16,025$12,601$9,843$3,596
22 years$23,897$18,879$14,770$11,457$8,823$3,038
23 years$22,617$17,657$13,637$10,434$7,920$2,568
24 years$21,444$16,544$12,612$9,516$7,118$2,172
25 years$20,367$15,525$11,681$8,691$6,405$1,838
26 years$19,375$14,591$10,834$7,947$5,770$1,557
27 years$18,458$13,732$10,060$7,274$5,202$1,319
28 years$17,607$12,940$9,352$6,664$4,694$1,117
29 years$16,817$12,207$8,703$6,111$4,238$947
30 years$16,081$11,528$8,107$5,609$3,830$803
31 years$15,394$10,898$7,558$5,151$3,462$681
32 years$14,751$10,312$7,051$4,734$3,132$577
33 years$14,148$9,765$6,584$4,353$2,834$490
34 years$13,582$9,255$6,152$4,005$2,566$415
35 years$13,049$8,779$5,751$3,687$2,324$352
36 years$12,547$8,332$5,380$3,396$2,106$299
37 years$12,073$7,914$5,036$3,129$1,909$254
38 years$11,626$7,521$4,716$2,884$1,730$215
39 years$11,202$7,152$4,418$2,659$1,569$183
40 years$10,801$6,804$4,141$2,453$1,423$155
41 years$10,420$6,477$3,883$2,263$1,291$132
42 years$10,058$6,168$3,642$2,088$1,172$112
43 years$9,714$5,877$3,418$1,928$1,063$95
44 years$9,386$5,602$3,208$1,780$965$80
45 years$9,074$5,342$3,013$1,644$876$68
46 years$8,777$5,096$2,829$1,518$796$58
47 years$8,493$4,863$2,658$1,403$722$49
48 years$8,221$4,643$2,498$1,296$656$42
49 years$7,962$4,434$2,348$1,198$596$35
50 years$7,713$4,235$2,207$1,107$541$30

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 $6,370 every year, while hoping to spend $44,428 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: 49/38/13 Blend
71$7,900,000$7,900,000$7,900,000$7,900,000
72$8,712,371$8,293,671$8,171,221$9,107,894
73$9,553,761$8,652,789$8,397,685$9,739,735
74$10,479,485$9,028,016$8,630,248$10,420,534
75$11,498,096$9,420,093$8,869,065$11,159,052
76$12,619,022$9,829,797$9,114,298$11,960,710
77$13,852,648$10,257,942$9,366,113$12,831,462
78$15,210,417$10,705,381$9,624,677$13,777,851
79$16,704,941$11,173,006$9,890,165$14,807,065
80$18,350,112$11,661,751$10,162,753$15,927,002
81$20,161,241$12,172,594$10,442,622$17,146,344
82$22,155,196$12,706,560$10,729,959$18,474,634
83$24,350,567$13,264,721$11,024,953$19,922,362
84$26,767,834$13,848,203$11,327,799$21,501,063
85$29,429,569$14,458,180$11,638,696$23,223,419
86$32,360,640$15,095,886$11,957,847$25,103,378
87$35,588,452$15,762,611$12,285,462$27,156,281
88$39,143,202$16,459,707$12,621,752$29,399,002
89$43,058,165$17,188,589$12,966,938$31,850,101
90$47,370,009$17,950,741$13,321,242$34,530,001
91$52,119,139$18,747,716$13,684,892$37,461,168
92$57,350,077$19,581,140$14,058,121$40,668,324
93$63,111,887$20,452,718$14,441,170$44,178,675
94$69,458,632$21,364,234$14,834,283$48,022,158
95$76,449,890$22,317,559$15,237,708$52,231,722
96$84,151,309$23,314,650$15,651,702$56,843,632
97$92,635,235$24,357,560$16,076,527$61,897,806
98$101,981,387$25,448,438$16,512,448$67,438,184
99$112,277,613$26,589,536$16,959,740$73,513,136
100$123,620,719$27,783,213$17,418,680$80,175,915