Can I retire at age 72 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$569,796$564,720$559,768$554,935$550,216$537,788
2 years$282,077$276,824$271,732$266,796$262,007$249,554
3 years$186,183$180,907$175,829$170,939$166,228$154,137
4 years$138,246$132,986$127,958$123,152$118,555$106,920
5 years$109,491$104,263$99,301$94,592$90,124$78,977
6 years$90,327$85,138$80,250$75,646$71,312$60,665
7 years$76,644$71,499$66,688$62,193$57,996$47,850
8 years$66,387$61,288$56,557$52,172$48,113$38,466
9 years$58,413$53,362$48,712$44,439$40,518$31,361
10 years$52,037$47,036$42,468$38,307$34,524$25,848
11 years$46,825$41,873$37,389$33,338$29,691$21,485
12 years$42,484$37,583$33,181$29,242$25,730$17,980
13 years$38,814$33,964$29,645$25,817$22,437$15,129
14 years$35,670$30,873$26,637$22,917$19,668$12,787
15 years$32,949$28,203$24,049$20,438$17,317$10,848
16 years$30,570$25,875$21,804$18,300$15,305$9,231
17 years$28,473$23,830$19,841$16,442$13,571$7,875
18 years$26,611$22,020$18,112$14,818$12,066$6,733
19 years$24,947$20,408$16,581$13,389$10,755$5,767
20 years$23,451$18,964$15,217$12,127$9,607$4,947
21 years$22,099$17,665$13,997$11,006$8,597$4,249
22 years$20,872$16,489$12,900$10,007$7,706$3,654
23 years$19,754$15,422$11,911$9,113$6,917$3,145
24 years$18,730$14,449$11,016$8,312$6,217$2,709
25 years$17,789$13,560$10,203$7,591$5,595$2,336
26 years$16,922$12,744$9,463$6,941$5,039$2,015
27 years$16,121$11,994$8,787$6,353$4,543$1,739
28 years$15,379$11,302$8,168$5,821$4,100$1,501
29 years$14,688$10,662$7,601$5,338$3,702$1,296
30 years$14,045$10,069$7,080$4,899$3,345$1,120
31 years$13,445$9,519$6,601$4,499$3,024$968
32 years$12,883$9,006$6,159$4,135$2,736$837
33 years$12,357$8,529$5,750$3,802$2,476$724
34 years$11,862$8,084$5,373$3,498$2,241$626
35 years$11,397$7,667$5,023$3,220$2,030$541
36 years$10,959$7,277$4,699$2,966$1,839$468
37 years$10,545$6,912$4,398$2,733$1,667$405
38 years$10,154$6,569$4,119$2,519$1,511$350
39 years$9,784$6,246$3,859$2,322$1,371$303
40 years$9,433$5,943$3,617$2,142$1,243$262
41 years$9,101$5,657$3,392$1,976$1,128$227
42 years$8,785$5,388$3,181$1,824$1,023$197
43 years$8,484$5,133$2,985$1,684$929$170
44 years$8,198$4,893$2,802$1,555$843$147
45 years$7,926$4,666$2,631$1,436$765$127
46 years$7,666$4,451$2,471$1,326$695$110
47 years$7,418$4,248$2,322$1,225$631$96
48 years$7,180$4,055$2,182$1,132$573$83
49 years$6,954$3,872$2,051$1,046$520$72
50 years$6,737$3,699$1,928$967$473$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $6,900,000, adding $3,115 every year, while hoping to spend $23,390 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: 62/8/30 Blend
71$6,900,000$6,900,000$6,900,000$6,900,000
72$7,607,013$7,241,313$7,134,363$8,016,868
73$8,358,042$7,571,251$7,348,478$8,626,245
74$9,184,891$7,916,571$7,568,981$9,288,588
75$10,095,271$8,278,004$7,796,062$10,011,396
76$11,097,675$8,656,313$8,029,917$10,800,598
77$12,201,464$9,052,298$8,270,745$11,662,717
78$13,416,952$9,466,799$8,518,754$12,604,936
79$14,755,504$9,900,696$8,774,156$13,635,159
80$16,229,645$10,354,909$9,037,169$14,762,088
81$17,853,174$10,830,405$9,308,019$15,995,304
82$19,641,298$11,328,195$9,586,938$17,345,353
83$21,610,774$11,849,340$9,874,164$18,823,847
84$23,780,068$12,394,953$10,169,944$20,443,572
85$26,169,527$12,966,198$10,474,529$22,218,607
86$28,801,574$13,564,297$10,788,181$24,164,454
87$31,700,916$14,190,529$11,111,167$26,298,187
88$34,894,781$14,846,236$11,443,762$28,638,605
89$38,413,172$15,532,825$11,786,252$31,206,414
90$42,289,151$16,251,769$12,138,927$34,024,418
91$46,559,152$17,004,613$12,502,088$37,117,733
92$51,263,323$17,792,977$12,876,046$40,514,021
93$56,445,906$18,618,557$13,261,117$44,243,753
94$62,155,655$19,483,133$13,657,631$48,340,489
95$68,446,295$20,388,569$14,065,925$52,841,197
96$75,377,029$21,336,821$14,486,345$57,786,600
97$83,013,099$22,329,938$14,919,250$63,221,556
98$91,426,397$23,370,067$15,365,007$69,195,480
99$100,696,149$24,459,460$15,823,995$75,762,808
100$110,909,660$25,600,477$16,296,602$82,983,509