Can I retire at age 72 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$462,443$458,324$454,305$450,382$446,552$444,670
2 years$228,932$224,668$220,536$216,530$212,644$210,744
3 years$151,105$146,823$142,702$138,733$134,910$133,051
4 years$112,200$107,931$103,850$99,949$96,219$94,415
5 years$88,862$84,619$80,592$76,771$73,144$71,401
6 years$73,309$69,098$65,130$61,394$57,876$56,196
7 years$62,204$58,028$54,124$50,475$47,069$45,452
8 years$53,879$49,741$45,901$42,343$39,048$37,495
9 years$47,408$43,308$39,535$36,066$32,884$31,394
10 years$42,233$38,174$34,467$31,090$28,019$26,592
11 years$38,003$33,984$30,344$27,057$24,097$22,732
12 years$34,480$30,502$26,930$23,733$20,882$19,578
13 years$31,501$27,565$24,060$20,953$18,210$16,965
14 years$28,950$25,056$21,618$18,599$15,963$14,776
15 years$26,741$22,889$19,518$16,587$14,055$12,924
16 years$24,810$21,000$17,696$14,852$12,422$11,347
17 years$23,108$19,341$16,103$13,345$11,014$9,992
18 years$21,597$17,872$14,700$12,026$9,793$8,824
19 years$20,247$16,563$13,457$10,867$8,729$7,810
20 years$19,033$15,391$12,350$9,842$7,797$6,926
21 years$17,936$14,336$11,360$8,932$6,977$6,153
22 years$16,940$13,383$10,470$8,121$6,254$5,475
23 years$16,032$12,516$9,667$7,396$5,614$4,879
24 years$15,201$11,727$8,940$6,746$5,046$4,352
25 years$14,438$11,005$8,280$6,161$4,541$3,887
26 years$13,734$10,343$7,680$5,633$4,090$3,474
27 years$13,084$9,734$7,131$5,156$3,687$3,108
28 years$12,481$9,172$6,629$4,724$3,327$2,782
29 years$11,921$8,653$6,169$4,332$3,004$2,493
30 years$11,399$8,172$5,746$3,976$2,715$2,234
31 years$10,912$7,725$5,357$3,651$2,454$2,004
32 years$10,456$7,310$4,998$3,356$2,220$1,798
33 years$10,029$6,922$4,667$3,086$2,009$1,614
34 years$9,627$6,561$4,361$2,839$1,819$1,449
35 years$9,250$6,223$4,077$2,614$1,648$1,302
36 years$8,894$5,906$3,814$2,407$1,493$1,170
37 years$8,558$5,610$3,570$2,218$1,353$1,051
38 years$8,241$5,331$3,343$2,044$1,227$945
39 years$7,941$5,069$3,132$1,885$1,112$850
40 years$7,656$4,823$2,936$1,739$1,009$764
41 years$7,386$4,591$2,753$1,604$915$687
42 years$7,130$4,372$2,582$1,480$831$618
43 years$6,886$4,166$2,423$1,367$754$556
44 years$6,654$3,971$2,274$1,262$684$501
45 years$6,432$3,787$2,135$1,165$621$451
46 years$6,221$3,613$2,006$1,076$564$406
47 years$6,020$3,447$1,884$994$512$365
48 years$5,828$3,291$1,771$919$465$329
49 years$5,644$3,143$1,664$849$422$296
50 years$5,468$3,002$1,565$785$384$266

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $5,600,000, adding $3,122 every year, while hoping to spend $48,990 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: 69/7/24 Blend
71$5,600,000$5,600,000$5,600,000$5,600,000
72$6,174,420$5,877,620$5,790,820$6,562,591
73$6,752,086$6,113,499$5,932,688$7,058,876
74$7,387,032$6,359,293$6,077,666$7,595,819
75$8,085,049$6,615,438$6,225,807$8,182,270
76$8,852,516$6,882,387$6,377,164$8,823,124
77$9,696,463$7,160,614$6,531,790$9,523,776
78$10,624,634$7,450,616$6,689,736$10,290,162
79$11,645,561$7,752,910$6,851,056$11,128,823
80$12,768,645$8,068,039$7,015,803$12,046,959
81$14,004,243$8,396,570$7,184,029$13,052,501
82$15,363,768$8,739,094$7,355,786$14,154,183
83$16,859,794$9,096,231$7,531,127$15,361,624
84$18,506,175$9,468,629$7,710,102$16,685,421
85$20,318,178$9,856,965$7,892,763$18,137,244
86$22,312,623$10,261,947$8,079,162$19,729,947
87$24,508,044$10,684,316$8,269,347$21,477,691
88$26,924,863$11,124,846$8,463,369$23,396,072
89$29,585,583$11,584,348$8,661,276$25,502,275
90$32,515,000$12,063,668$8,863,116$27,815,227
91$35,740,436$12,563,693$9,068,936$30,355,780
92$39,291,996$13,085,350$9,278,781$33,146,905
93$43,202,856$13,629,608$9,492,697$36,213,912
94$47,509,570$14,197,482$9,710,725$39,584,680
95$52,252,420$14,790,033$9,932,908$43,289,927
96$57,475,793$15,408,370$10,159,286$47,363,496
97$63,228,598$16,053,654$10,389,897$51,842,672
98$69,564,733$16,727,102$10,624,776$56,768,536
99$76,543,589$17,429,983$10,863,959$62,186,350
100$84,230,610$18,163,627$11,107,477$68,145,982