Can I retire at age 72 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$470,701$466,508$462,417$458,425$454,526$450,154
2 years$233,020$228,680$224,474$220,396$216,441$212,037
3 years$153,804$149,445$145,250$141,210$137,319$133,019
4 years$114,203$109,858$105,705$101,734$97,937$93,775
5 years$90,449$86,130$82,031$78,141$74,450$70,438
6 years$74,618$70,332$66,293$62,490$58,910$55,052
7 years$63,315$59,064$55,090$51,377$47,910$44,208
8 years$54,841$50,629$46,721$43,099$39,746$36,200
9 years$48,254$44,082$40,241$36,711$33,472$30,081
10 years$42,987$38,856$35,083$31,645$28,519$25,282
11 years$38,681$34,591$30,886$27,540$24,528$21,441
12 years$35,095$31,047$27,411$24,157$21,255$18,315
13 years$32,063$28,058$24,490$21,327$18,535$15,739
14 years$29,467$25,504$22,004$18,931$16,248$13,592
15 years$27,218$23,298$19,867$16,884$14,306$11,786
16 years$25,253$21,375$18,012$15,117$12,643$10,256
17 years$23,521$19,686$16,390$13,583$11,210$8,951
18 years$21,983$18,191$14,962$12,241$9,968$7,832
19 years$20,608$16,859$13,697$11,061$8,885$6,868
20 years$19,372$15,666$12,571$10,018$7,936$6,034
21 years$18,256$14,592$11,563$9,092$7,102$5,310
22 years$17,242$13,621$10,657$8,266$6,366$4,679
23 years$16,318$12,740$9,840$7,528$5,714$4,128
24 years$15,472$11,936$9,100$6,866$5,136$3,646
25 years$14,695$11,202$8,428$6,271$4,622$3,224
26 years$13,979$10,528$7,817$5,734$4,163$2,852
27 years$13,318$9,908$7,259$5,248$3,753$2,526
28 years$12,704$9,336$6,748$4,808$3,387$2,238
29 years$12,134$8,808$6,279$4,409$3,058$1,984
30 years$11,603$8,318$5,849$4,047$2,763$1,760
31 years$11,107$7,863$5,453$3,717$2,498$1,562
32 years$10,643$7,440$5,088$3,416$2,260$1,386
33 years$10,208$7,046$4,750$3,141$2,045$1,231
34 years$9,799$6,678$4,438$2,890$1,852$1,094
35 years$9,415$6,334$4,150$2,660$1,677$972
36 years$9,053$6,012$3,882$2,450$1,520$864
37 years$8,711$5,710$3,633$2,257$1,377$768
38 years$8,388$5,426$3,403$2,081$1,249$683
39 years$8,082$5,160$3,188$1,919$1,132$607
40 years$7,793$4,909$2,988$1,770$1,027$540
41 years$7,518$4,673$2,802$1,633$932$480
42 years$7,257$4,451$2,628$1,507$845$427
43 years$7,009$4,241$2,466$1,391$767$380
44 years$6,772$4,042$2,315$1,284$696$338
45 years$6,547$3,855$2,174$1,186$632$301
46 years$6,333$3,677$2,042$1,096$574$268
47 years$6,128$3,509$1,918$1,012$521$238
48 years$5,932$3,350$1,802$935$473$212
49 years$5,744$3,199$1,694$864$430$189
50 years$5,565$3,056$1,593$799$391$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $5,700,000, adding $6,411 every year, while hoping to spend $28,336 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: 54/37/9 Blend
71$5,700,000$5,700,000$5,700,000$5,700,000
72$6,288,013$5,985,913$5,897,563$6,613,241
73$6,899,241$6,249,073$6,064,982$7,097,486
74$7,571,865$6,524,179$6,237,060$7,620,605
75$8,312,116$6,811,785$6,413,923$8,189,268
76$9,126,863$7,112,474$6,595,700$8,807,799
77$10,023,672$7,426,853$6,782,525$9,480,949
78$11,010,880$7,755,563$6,974,533$10,213,941
79$12,097,674$8,099,270$7,171,864$11,012,512
80$13,294,177$8,458,674$7,374,662$11,882,974
81$14,611,544$8,834,510$7,583,074$12,832,261
82$16,062,064$9,227,544$7,797,250$13,867,999
83$17,659,283$9,638,582$8,017,346$14,998,576
84$19,418,123$10,068,466$8,243,520$16,233,213
85$21,355,028$10,518,077$8,475,935$17,582,055
86$23,488,120$10,988,342$8,714,758$19,056,259
87$25,837,366$11,480,229$8,960,160$20,668,098
88$28,424,770$11,994,752$9,212,317$22,431,078
89$31,274,576$12,532,974$9,471,410$24,360,056
90$34,413,502$13,096,010$9,737,621$26,471,380
91$37,870,990$13,685,025$10,011,142$28,783,040
92$41,679,482$14,301,242$10,292,167$31,314,836
93$45,874,728$14,945,942$10,580,893$34,088,556
94$50,496,123$15,620,466$10,877,526$37,128,185
95$55,587,079$16,326,220$11,182,274$40,460,121
96$61,195,433$17,064,677$11,495,353$44,113,422
97$67,373,902$17,837,381$11,816,982$48,120,079
98$74,180,575$18,645,948$12,147,386$52,515,308
99$81,679,467$19,492,072$12,486,796$57,337,882
100$89,941,119$20,377,530$12,835,450$62,630,490