Can I retire at age 72 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$412,895$409,217$405,629$402,127$398,707$386,563
2 years$204,404$200,597$196,907$193,330$189,860$177,730
3 years$134,915$131,092$127,412$123,869$120,455$108,719
4 years$100,178$96,367$92,723$89,240$85,910$74,657
5 years$79,341$75,553$71,957$68,545$65,307$54,569
6 years$65,455$61,694$58,152$54,816$51,675$41,460
7 years$55,539$51,811$48,325$45,067$42,026$32,334
8 years$48,106$44,411$40,983$37,806$34,865$25,690
9 years$42,328$38,668$35,299$32,202$29,361$20,693
10 years$37,708$34,084$30,774$27,759$25,017$16,844
11 years$33,931$30,343$27,093$24,158$21,515$13,823
12 years$30,785$27,234$24,044$21,190$18,645$11,416
13 years$28,126$24,612$21,482$18,708$16,259$9,478
14 years$25,848$22,371$19,302$16,607$14,252$7,901
15 years$23,876$20,437$17,427$14,810$12,549$6,610
16 years$22,152$18,750$15,800$13,261$11,091$5,545
17 years$20,632$17,268$14,377$11,915$9,834$4,662
18 years$19,283$15,957$13,125$10,738$8,744$3,927
19 years$18,077$14,789$12,015$9,702$7,793$3,314
20 years$16,993$13,742$11,027$8,787$6,961$2,800
21 years$16,014$12,800$10,143$7,975$6,230$2,368
22 years$15,125$11,949$9,348$7,251$5,584$2,005
23 years$14,314$11,175$8,631$6,604$5,012$1,699
24 years$13,572$10,471$7,982$6,023$4,505$1,440
25 years$12,891$9,826$7,393$5,501$4,054$1,222
26 years$12,263$9,235$6,857$5,029$3,652$1,037
27 years$11,682$8,691$6,367$4,604$3,292$881
28 years$11,144$8,190$5,919$4,218$2,971$748
29 years$10,644$7,726$5,508$3,868$2,683$636
30 years$10,178$7,296$5,131$3,550$2,424$540
31 years$9,743$6,898$4,783$3,260$2,191$459
32 years$9,336$6,526$4,463$2,996$1,982$390
33 years$8,954$6,181$4,167$2,755$1,794$332
34 years$8,596$5,858$3,893$2,535$1,624$282
35 years$8,259$5,556$3,640$2,334$1,471$240
36 years$7,941$5,274$3,405$2,149$1,333$204
37 years$7,641$5,009$3,187$1,980$1,208$174
38 years$7,358$4,760$2,985$1,825$1,095$148
39 years$7,090$4,526$2,796$1,683$993$126
40 years$6,836$4,306$2,621$1,552$901$107
41 years$6,595$4,099$2,458$1,432$817$91
42 years$6,366$3,904$2,305$1,322$742$77
43 years$6,148$3,720$2,163$1,220$673$66
44 years$5,941$3,546$2,031$1,127$611$56
45 years$5,743$3,381$1,907$1,040$555$48
46 years$5,555$3,225$1,791$961$504$41
47 years$5,375$3,078$1,682$888$457$35
48 years$5,203$2,938$1,581$820$415$29
49 years$5,039$2,806$1,486$758$377$25
50 years$4,882$2,680$1,397$701$343$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $5,000,000, adding $6,024 every year, while hoping to spend $57,032 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: 51/32/17 Blend
71$5,000,000$5,000,000$5,000,000$5,000,000
72$5,516,214$5,251,214$5,173,714$5,771,489
73$6,018,186$5,447,842$5,286,352$6,144,312
74$6,569,448$5,652,193$5,400,851$6,542,986
75$7,174,967$5,864,585$5,517,215$6,975,185
76$7,840,215$6,085,352$5,635,443$7,444,096
77$8,571,220$6,314,837$5,755,534$7,953,222
78$9,374,624$6,553,404$5,877,484$8,506,419
79$10,257,744$6,801,428$6,001,287$9,107,921
80$11,228,639$7,059,304$6,126,936$9,762,392
81$12,296,190$7,327,440$6,254,418$10,474,958
82$13,470,182$7,606,265$6,383,722$11,251,258
83$14,761,394$7,896,225$6,514,830$12,097,500
84$16,181,703$8,197,787$6,647,724$13,020,510
85$17,744,195$8,511,437$6,782,381$14,027,804
86$19,463,288$8,837,683$6,918,776$15,127,650
87$21,354,868$9,177,054$7,056,879$16,329,150
88$23,436,439$9,530,103$7,196,658$17,642,321
89$25,727,285$9,897,408$7,338,076$19,078,189
90$28,248,659$10,279,571$7,481,092$20,648,894
91$31,023,974$10,677,222$7,625,661$22,367,797
92$34,079,030$11,091,017$7,771,732$24,249,612
93$37,442,257$11,521,643$7,919,250$26,310,536
94$41,144,978$11,969,814$8,068,156$28,568,405
95$45,221,711$12,436,280$8,218,385$31,042,857
96$49,710,489$12,921,821$8,369,864$33,755,518
97$54,653,221$13,427,253$8,522,517$36,730,203
98$60,096,089$13,953,427$8,676,260$39,993,136
99$66,089,978$14,501,233$8,831,002$43,573,202
100$72,690,962$15,071,601$8,986,648$47,502,208