Can I retire at age 72 with 6,800,000?

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 $6,800,000?

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$561,538$556,536$551,656$546,893$542,242$537,026
2 years$277,989$272,812$267,794$262,929$258,210$252,956
3 years$183,485$178,285$173,280$168,461$163,819$158,690
4 years$136,242$131,059$126,104$121,367$116,837$111,872
5 years$107,904$102,752$97,862$93,221$88,818$84,031
6 years$89,018$83,904$79,087$74,550$70,279$65,676
7 years$75,534$70,463$65,722$61,292$57,155$52,739
8 years$65,425$60,400$55,737$51,416$47,416$43,186
9 years$57,566$52,589$48,006$43,795$39,931$35,886
10 years$51,283$46,354$41,853$37,752$34,023$30,161
11 years$46,146$41,267$36,847$32,855$29,261$25,578
12 years$41,868$37,039$32,701$28,819$25,357$21,850
13 years$38,251$33,472$29,216$25,442$22,112$18,777
14 years$35,153$30,425$26,250$22,585$19,383$16,215
15 years$32,471$27,794$23,701$20,142$17,066$14,061
16 years$30,127$25,500$21,488$18,035$15,083$12,236
17 years$28,060$23,485$19,553$16,204$13,374$10,679
18 years$26,225$21,701$17,850$14,603$11,891$9,344
19 years$24,585$20,112$16,341$13,195$10,599$8,193
20 years$23,111$18,689$14,997$11,951$9,467$7,198
21 years$21,779$17,408$13,794$10,846$8,472$6,334
22 years$20,570$16,250$12,713$9,862$7,594$5,582
23 years$19,467$15,198$11,738$8,981$6,817$4,925
24 years$18,458$14,240$10,856$8,191$6,127$4,350
25 years$17,531$13,364$10,055$7,481$5,514$3,846
26 years$16,677$12,560$9,325$6,840$4,966$3,403
27 years$15,888$11,820$8,659$6,261$4,478$3,013
28 years$15,156$11,138$8,050$5,736$4,040$2,670
29 years$14,476$10,507$7,491$5,260$3,648$2,367
30 years$13,842$9,923$6,978$4,828$3,296$2,099
31 years$13,250$9,381$6,505$4,434$2,980$1,863
32 years$12,697$8,876$6,070$4,075$2,696$1,654
33 years$12,178$8,406$5,667$3,747$2,440$1,469
34 years$11,690$7,967$5,295$3,448$2,209$1,305
35 years$11,232$7,556$4,950$3,174$2,001$1,159
36 years$10,800$7,172$4,631$2,923$1,813$1,030
37 years$10,392$6,812$4,335$2,693$1,643$916
38 years$10,007$6,474$4,059$2,482$1,489$814
39 years$9,642$6,156$3,803$2,289$1,351$724
40 years$9,297$5,857$3,565$2,111$1,225$644
41 years$8,969$5,575$3,342$1,948$1,111$573
42 years$8,657$5,309$3,135$1,798$1,009$510
43 years$8,361$5,059$2,942$1,659$915$453
44 years$8,079$4,822$2,762$1,532$831$403
45 years$7,811$4,598$2,593$1,415$754$359
46 years$7,555$4,387$2,435$1,307$685$320
47 years$7,310$4,186$2,288$1,208$622$284
48 years$7,076$3,996$2,150$1,116$565$253
49 years$6,853$3,816$2,021$1,031$513$225
50 years$6,639$3,645$1,900$953$466$201

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $6,800,000, adding $5,171 every year, while hoping to spend $29,265 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: 40/44/16 Blend
71$6,800,000$6,800,000$6,800,000$6,800,000
72$7,498,934$7,138,534$7,033,134$7,763,030
73$8,232,687$7,457,184$7,237,606$8,269,826
74$9,040,303$7,790,468$7,447,947$8,814,501
75$9,929,284$8,139,070$7,664,323$9,403,114
76$10,907,897$8,503,711$7,886,904$10,039,666
77$11,985,252$8,885,142$8,115,865$10,728,552
78$13,171,387$9,284,154$8,351,386$11,474,589
79$14,477,362$9,701,571$8,593,651$12,283,064
80$15,915,365$10,138,260$8,842,851$13,159,782
81$17,498,826$10,595,129$9,099,180$14,111,113
82$19,242,543$11,073,127$9,362,839$15,144,052
83$21,162,823$11,573,250$9,634,035$16,266,281
84$23,277,633$12,096,542$9,912,977$17,486,236
85$25,606,775$12,644,096$10,199,885$18,813,187
86$28,172,065$13,217,056$10,494,981$20,257,317
87$30,997,548$13,816,624$10,798,495$21,829,814
88$34,109,716$14,444,056$11,110,662$23,542,978
89$37,537,763$15,100,671$11,431,725$25,410,325
90$41,313,860$15,787,849$11,761,933$27,446,715
91$45,473,456$16,507,037$12,101,541$29,668,483
92$50,055,618$17,259,750$12,450,812$32,093,594
93$55,103,392$18,047,579$12,810,015$34,741,801
94$60,664,215$18,872,188$13,179,428$37,634,827
95$66,790,361$19,735,321$13,559,334$40,796,569
96$73,539,433$20,638,807$13,950,027$44,253,309
97$80,974,909$21,584,562$14,351,807$48,033,964
98$89,166,738$22,574,594$14,764,981$52,170,344
99$98,192,005$23,611,009$15,189,867$56,697,452
100$108,135,652$24,696,010$15,626,790$61,653,803