Can I retire at age 72 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$445,927$441,955$438,080$434,297$430,604$424,519
2 years$220,756$216,645$212,660$208,797$205,049$198,931
3 years$145,709$141,580$137,605$133,778$130,092$124,130
4 years$108,192$104,076$100,141$96,380$92,783$87,023
5 years$85,689$81,597$77,714$74,029$70,532$64,992
6 years$70,691$66,630$62,804$59,201$55,809$50,495
7 years$59,983$55,956$52,191$48,673$45,388$40,301
8 years$51,955$47,964$44,262$40,830$37,654$32,793
9 years$45,714$41,762$38,123$34,778$31,710$27,074
10 years$40,725$36,811$33,236$29,979$27,018$22,604
11 years$36,645$32,771$29,261$26,091$23,237$19,039
12 years$33,248$29,413$25,968$22,885$20,136$16,150
13 years$30,376$26,581$23,201$20,204$17,559$13,780
14 years$27,916$24,161$20,846$17,935$15,392$11,813
15 years$25,786$22,072$18,821$15,995$13,553$10,168
16 years$23,924$20,250$17,064$14,322$11,978$8,781
17 years$22,283$18,650$15,528$12,868$10,620$7,605
18 years$20,826$17,233$14,175$11,597$9,443$6,602
19 years$19,523$15,972$12,976$10,479$8,417$5,743
20 years$18,353$14,842$11,909$9,490$7,518$5,004
21 years$17,295$13,824$10,954$8,613$6,728$4,368
22 years$16,335$12,905$10,096$7,831$6,031$3,817
23 years$15,459$12,069$9,322$7,132$5,413$3,339
24 years$14,658$11,308$8,621$6,505$4,866$2,925
25 years$13,922$10,612$7,985$5,941$4,378$2,563
26 years$13,244$9,974$7,405$5,432$3,944$2,249
27 years$12,617$9,386$6,877$4,972$3,556$1,974
28 years$12,035$8,845$6,393$4,555$3,208$1,733
29 years$11,495$8,344$5,949$4,177$2,897$1,523
30 years$10,992$7,880$5,541$3,834$2,618$1,339
31 years$10,522$7,449$5,166$3,521$2,367$1,177
32 years$10,083$7,049$4,820$3,236$2,141$1,036
33 years$9,671$6,675$4,500$2,976$1,937$911
34 years$9,284$6,326$4,205$2,738$1,754$802
35 years$8,920$6,001$3,931$2,520$1,589$706
36 years$8,576$5,695$3,678$2,321$1,440$622
37 years$8,253$5,409$3,442$2,139$1,305$548
38 years$7,947$5,141$3,223$1,971$1,183$482
39 years$7,657$4,888$3,020$1,818$1,073$425
40 years$7,383$4,651$2,831$1,676$973$374
41 years$7,122$4,427$2,654$1,547$883$330
42 years$6,875$4,216$2,490$1,427$801$291
43 years$6,640$4,017$2,336$1,318$727$256
44 years$6,416$3,829$2,193$1,217$660$226
45 years$6,203$3,652$2,059$1,124$599$199
46 years$5,999$3,484$1,934$1,038$544$175
47 years$5,805$3,324$1,817$959$494$155
48 years$5,619$3,174$1,707$886$448$136
49 years$5,442$3,031$1,605$819$407$120
50 years$5,272$2,895$1,509$757$370$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $5,400,000, adding $3,977 every year, while hoping to spend $27,501 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: 57/23/20 Blend
71$5,400,000$5,400,000$5,400,000$5,400,000
72$5,954,902$5,668,702$5,585,002$6,262,308
73$6,533,041$5,917,208$5,742,839$6,720,581
74$7,169,229$6,176,968$5,905,042$7,216,466
75$7,869,357$6,448,507$6,071,727$7,756,285
76$8,639,918$6,732,369$6,243,016$8,344,272
77$9,488,064$7,029,130$6,419,031$8,985,085
78$10,421,677$7,339,388$6,599,900$9,683,846
79$11,449,443$7,663,773$6,785,751$10,446,189
80$12,580,930$8,002,942$6,976,718$11,278,310
81$13,826,684$8,357,585$7,172,937$12,187,028
82$15,198,324$8,728,425$7,374,549$13,179,846
83$16,708,652$9,116,217$7,581,695$14,265,016
84$18,371,777$9,521,754$7,794,525$15,451,623
85$20,203,245$9,945,866$8,013,188$16,749,662
86$22,220,185$10,389,423$8,237,838$18,170,137
87$24,441,473$10,853,334$8,468,635$19,725,155
88$26,887,910$11,338,554$8,705,741$21,428,047
89$29,582,415$11,846,082$8,949,322$23,293,485
90$32,550,246$12,376,964$9,199,549$25,337,622
91$35,819,235$12,932,299$9,456,597$27,578,240
92$39,420,049$13,513,234$9,720,646$30,034,920
93$43,386,485$14,120,973$9,991,878$32,729,216
94$47,755,783$14,756,778$10,270,483$35,684,866
95$52,568,982$15,421,969$10,556,653$38,928,005
96$57,871,304$16,117,931$10,850,587$42,487,415
97$63,712,582$16,846,115$11,152,486$46,394,790
98$70,147,729$17,608,039$11,462,559$50,685,033
99$77,237,261$18,405,295$11,781,017$55,396,583
100$85,047,860$19,239,553$12,108,080$60,571,775