Can I retire at age 72 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$421,153$417,402$413,742$410,169$406,681$399,123
2 years$208,492$204,609$200,846$197,197$193,658$186,071
3 years$137,614$133,714$129,960$126,346$122,864$115,486
4 years$102,182$98,294$94,578$91,025$87,628$80,515
5 years$80,928$77,064$73,396$69,916$66,613$59,785
6 years$66,764$62,928$59,315$55,912$52,709$46,174
7 years$56,650$52,847$49,291$45,969$42,866$36,626
8 years$49,068$45,300$41,803$38,562$35,562$29,614
9 years$43,175$39,442$36,005$32,846$29,948$24,290
10 years$38,462$34,766$31,390$28,314$25,517$20,143
11 years$34,610$30,950$27,635$24,641$21,946$16,850
12 years$31,401$27,779$24,525$21,614$19,018$14,193
13 years$28,688$25,104$21,912$19,082$16,584$12,022
14 years$26,365$22,819$19,688$16,939$14,537$10,230
15 years$24,353$20,846$17,775$15,106$12,800$8,739
16 years$22,595$19,125$16,116$13,526$11,312$7,489
17 years$21,045$17,614$14,665$12,153$10,030$6,435
18 years$19,669$16,276$13,387$10,952$8,919$5,542
19 years$18,439$15,084$12,255$9,896$7,949$4,782
20 years$17,333$14,017$11,247$8,963$7,101$4,134
21 years$16,334$13,056$10,345$8,135$6,354$3,578
22 years$15,427$12,188$9,535$7,396$5,696$3,100
23 years$14,601$11,399$8,804$6,736$5,113$2,690
24 years$13,844$10,680$8,142$6,144$4,595$2,335
25 years$13,149$10,023$7,541$5,611$4,135$2,029
26 years$12,508$9,420$6,994$5,130$3,725$1,764
27 years$11,916$8,865$6,495$4,696$3,358$1,535
28 years$11,367$8,353$6,038$4,302$3,030$1,336
29 years$10,857$7,881$5,618$3,945$2,736$1,163
30 years$10,381$7,442$5,233$3,621$2,472$1,014
31 years$9,938$7,035$4,879$3,325$2,235$883
32 years$9,523$6,657$4,552$3,056$2,022$770
33 years$9,133$6,304$4,250$2,810$1,830$671
34 years$8,768$5,975$3,971$2,586$1,657$585
35 years$8,424$5,667$3,713$2,380$1,501$511
36 years$8,100$5,379$3,473$2,192$1,360$445
37 years$7,794$5,109$3,251$2,020$1,232$389
38 years$7,505$4,855$3,044$1,862$1,117$339
39 years$7,232$4,617$2,852$1,717$1,013$296
40 years$6,973$4,393$2,673$1,583$919$258
41 years$6,727$4,181$2,507$1,461$834$225
42 years$6,493$3,982$2,351$1,348$756$197
43 years$6,271$3,794$2,207$1,245$686$172
44 years$6,060$3,617$2,071$1,149$623$150
45 years$5,858$3,449$1,945$1,061$566$131
46 years$5,666$3,290$1,827$980$514$114
47 years$5,483$3,140$1,716$906$466$100
48 years$5,307$2,997$1,613$837$424$87
49 years$5,140$2,862$1,516$773$385$76
50 years$4,979$2,734$1,425$715$349$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $5,100,000, adding $2,020 every year, while hoping to spend $20,417 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: 49/43/8 Blend
71$5,100,000$5,100,000$5,100,000$5,100,000
72$5,622,284$5,351,984$5,272,934$5,885,852
73$6,174,033$5,592,507$5,427,853$6,306,843
74$6,781,377$5,844,132$5,587,279$6,761,529
75$7,449,963$6,107,381$5,751,339$7,254,912
76$8,186,018$6,382,801$5,920,167$7,790,613
77$8,996,399$6,670,966$6,093,900$8,372,605
78$9,888,664$6,972,475$6,272,678$9,005,251
79$10,871,141$7,287,960$6,456,646$9,693,344
80$11,953,007$7,618,080$6,645,953$10,442,149
81$13,144,373$7,963,524$6,840,752$11,257,451
82$14,456,381$8,325,019$7,041,199$12,145,607
83$15,901,309$8,703,323$7,247,456$13,113,600
84$17,492,687$9,099,230$7,459,690$14,169,111
85$19,245,423$9,513,574$7,678,072$15,320,578
86$21,175,945$9,947,228$7,902,776$16,577,281
87$23,302,356$10,401,107$8,133,984$17,949,424
88$25,644,605$10,876,170$8,371,881$19,448,225
89$28,224,674$11,373,421$8,616,658$21,086,024
90$31,066,786$11,893,914$8,868,511$22,876,393
91$34,197,633$12,438,751$9,127,642$24,834,258
92$37,646,632$13,009,089$9,394,258$26,976,043
93$41,446,194$13,606,141$9,668,571$29,319,814
94$45,632,040$14,231,176$9,950,802$31,885,450
95$50,243,529$14,885,525$10,241,175$34,694,824
96$55,324,036$15,570,583$10,539,922$37,772,005
97$60,921,359$16,287,812$10,847,281$41,143,484
98$67,088,168$17,038,746$11,163,495$44,838,412
99$73,882,506$17,824,989$11,488,817$48,888,876
100$81,368,334$18,648,225$11,823,504$53,330,195