Can I retire at age 72 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$437,669$433,771$429,967$426,254$422,629$416,314
2 years$216,668$212,633$208,722$204,930$201,252$194,903
3 years$143,010$138,958$135,057$131,301$127,683$121,498
4 years$106,189$102,149$98,287$94,595$91,064$85,092
5 years$84,102$80,086$76,275$72,658$69,226$63,483
6 years$69,382$65,396$61,641$58,105$54,776$49,269
7 years$58,872$54,920$51,224$47,771$44,547$39,279
8 years$50,993$47,076$43,442$40,074$36,956$31,925
9 years$44,868$40,988$37,417$34,134$31,123$26,326
10 years$39,971$36,129$32,621$29,424$26,518$21,952
11 years$35,967$32,164$28,719$25,608$22,806$18,467
12 years$32,632$28,868$25,487$22,461$19,764$15,645
13 years$29,813$26,089$22,771$19,830$17,234$13,331
14 years$27,399$23,714$20,460$17,603$15,107$11,413
15 years$25,308$21,663$18,473$15,699$13,302$9,810
16 years$23,481$19,875$16,748$14,057$11,756$8,460
17 years$21,870$18,304$15,240$12,630$10,424$7,317
18 years$20,440$16,914$13,912$11,382$9,268$6,343
19 years$19,162$15,676$12,736$10,285$8,261$5,509
20 years$18,013$14,567$11,688$9,315$7,379$4,794
21 years$16,975$13,568$10,751$8,454$6,603$4,178
22 years$16,032$12,666$9,909$7,686$5,919$3,645
23 years$15,173$11,846$9,149$7,000$5,313$3,184
24 years$14,387$11,099$8,461$6,384$4,776$2,784
25 years$13,664$10,416$7,837$5,831$4,297$2,437
26 years$12,998$9,789$7,268$5,331$3,871$2,134
27 years$12,383$9,213$6,749$4,880$3,490$1,870
28 years$11,813$8,681$6,274$4,471$3,149$1,640
29 years$11,282$8,190$5,839$4,100$2,843$1,438
30 years$10,789$7,734$5,439$3,763$2,569$1,262
31 years$10,327$7,311$5,070$3,456$2,323$1,108
32 years$9,896$6,918$4,731$3,176$2,101$973
33 years$9,492$6,551$4,417$2,921$1,902$855
34 years$9,112$6,209$4,127$2,687$1,722$751
35 years$8,754$5,889$3,858$2,474$1,559$660
36 years$8,418$5,590$3,610$2,278$1,413$580
37 years$8,100$5,309$3,378$2,099$1,281$510
38 years$7,800$5,046$3,164$1,935$1,161$449
39 years$7,515$4,798$2,964$1,784$1,053$395
40 years$7,246$4,565$2,778$1,645$955$347
41 years$6,990$4,345$2,605$1,518$866$305
42 years$6,748$4,138$2,444$1,401$786$269
43 years$6,517$3,943$2,293$1,293$713$236
44 years$6,297$3,758$2,152$1,194$648$208
45 years$6,088$3,584$2,021$1,103$588$183
46 years$5,888$3,419$1,898$1,019$534$161
47 years$5,698$3,263$1,783$941$485$142
48 years$5,515$3,115$1,676$870$440$125
49 years$5,341$2,974$1,575$804$400$110
50 years$5,175$2,841$1,481$743$363$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $5,300,000, adding $5,752 every year, while hoping to spend $32,695 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: 78/15/7 Blend
71$5,300,000$5,300,000$5,300,000$5,300,000
72$5,846,533$5,565,633$5,483,483$6,297,371
73$6,408,092$5,803,562$5,632,393$6,831,911
74$7,025,835$6,052,054$5,785,195$7,413,150
75$7,705,457$6,311,591$5,941,985$8,049,608
76$8,453,234$6,582,679$6,102,863$8,746,766
77$9,276,082$6,865,849$6,267,927$9,510,658
78$10,181,620$7,161,653$6,437,280$10,347,930
79$11,178,243$7,470,672$6,611,027$11,265,895
80$12,275,202$7,793,513$6,789,274$12,272,609
81$13,482,689$8,130,812$6,972,131$13,376,941
82$14,811,935$8,483,234$7,159,710$14,588,658
83$16,275,316$8,851,476$7,352,124$15,918,514
84$17,886,468$9,236,267$7,549,489$17,378,354
85$19,660,415$9,638,372$7,751,925$18,981,222
86$21,613,716$10,058,591$7,959,553$20,741,486
87$23,764,613$10,497,760$8,172,496$22,674,966
88$26,133,210$10,956,757$8,390,881$24,799,090
89$28,741,659$11,436,499$8,614,837$27,133,054
90$31,614,370$11,937,950$8,844,496$29,698,000
91$34,778,242$12,462,114$9,079,992$32,517,217
92$38,262,912$13,010,048$9,321,462$35,616,358
93$42,101,044$13,582,855$9,569,046$39,023,682
94$46,328,628$14,181,693$9,822,886$42,770,317
95$50,985,324$14,807,771$10,083,128$46,890,554
96$56,114,834$15,462,359$10,349,921$51,422,171
97$61,765,319$16,146,786$10,623,414$56,406,781
98$67,989,846$16,862,443$10,903,763$61,890,232
99$74,846,895$17,610,788$11,191,125$67,923,031
100$82,400,909$18,393,348$11,485,658$74,560,822