Can I retire at age 72 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$594,569$589,273$584,106$579,063$574,138$551,576
2 years$294,341$288,859$283,547$278,396$273,399$250,945
3 years$194,278$188,773$183,473$178,371$173,456$151,815
4 years$144,257$138,768$133,522$128,506$123,710$103,049
5 years$114,251$108,796$103,618$98,705$94,042$74,413
6 years$94,255$88,840$83,739$78,935$74,413$55,827
7 years$79,977$74,608$69,587$64,897$60,517$42,970
8 years$69,273$63,953$59,016$54,440$50,205$33,678
9 years$60,953$55,682$50,830$46,371$42,280$26,749
10 years$54,300$49,081$44,315$39,972$36,025$21,459
11 years$48,860$43,694$39,014$34,788$30,982$17,349
12 years$44,331$39,217$34,624$30,514$26,849$14,111
13 years$40,501$35,441$30,934$26,939$23,413$11,533
14 years$37,221$32,215$27,795$23,913$20,523$9,461
15 years$34,381$29,429$25,095$21,327$18,070$7,786
16 years$31,899$27,000$22,752$19,096$15,971$6,424
17 years$29,711$24,866$20,704$17,157$14,161$5,310
18 years$27,768$22,978$18,900$15,462$12,591$4,397
19 years$26,031$21,296$17,302$13,971$11,223$3,646
20 years$24,471$19,789$15,879$12,654$10,024$3,027
21 years$23,060$18,433$14,605$11,484$8,971$2,515
22 years$21,780$17,206$13,461$10,442$8,041$2,092
23 years$20,613$16,092$12,429$9,509$7,218$1,740
24 years$19,544$15,078$11,495$8,673$6,488$1,449
25 years$18,563$14,150$10,646$7,921$5,838$1,207
26 years$17,658$13,298$9,874$7,242$5,259$1,005
27 years$16,822$12,515$9,169$6,629$4,741$838
28 years$16,047$11,793$8,524$6,074$4,278$699
29 years$15,327$11,125$7,932$5,570$3,863$583
30 years$14,656$10,507$7,388$5,112$3,490$486
31 years$14,030$9,932$6,888$4,695$3,156$405
32 years$13,444$9,398$6,427$4,314$2,854$338
33 years$12,894$8,900$6,000$3,968$2,583$282
34 years$12,378$8,435$5,606$3,650$2,339$235
35 years$11,893$8,001$5,242$3,360$2,118$196
36 years$11,435$7,594$4,903$3,095$1,919$164
37 years$11,004$7,212$4,590$2,852$1,740$137
38 years$10,596$6,854$4,298$2,628$1,577$114
39 years$10,209$6,518$4,027$2,423$1,430$95
40 years$9,844$6,201$3,774$2,235$1,297$79
41 years$9,496$5,903$3,539$2,062$1,177$66
42 years$9,167$5,622$3,320$1,903$1,068$55
43 years$8,853$5,356$3,115$1,757$969$46
44 years$8,555$5,106$2,924$1,622$880$39
45 years$8,270$4,869$2,746$1,498$799$32
46 years$7,999$4,645$2,579$1,384$725$27
47 years$7,740$4,432$2,423$1,279$658$22
48 years$7,493$4,231$2,277$1,181$598$19
49 years$7,256$4,041$2,140$1,092$543$16
50 years$7,030$3,860$2,012$1,009$493$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $7,200,000, adding $5,583 every year, while hoping to spend $53,183 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: 57/35/8 Blend
71$7,200,000$7,200,000$7,200,000$7,200,000
72$7,940,159$7,558,559$7,446,959$8,377,922
73$8,693,469$7,872,342$7,639,846$8,987,120
74$9,521,834$8,199,718$7,837,412$9,644,119
75$10,432,853$8,541,297$8,039,758$10,358,651
76$11,434,901$8,897,716$8,246,986$11,136,218
77$12,537,200$9,269,644$8,459,199$11,982,868
78$13,749,917$9,657,779$8,676,505$12,905,252
79$15,084,249$10,062,850$8,899,008$13,910,680
80$16,552,535$10,485,623$9,126,818$15,007,193
81$18,168,373$10,926,898$9,360,045$16,203,635
82$19,946,741$11,387,510$9,598,801$17,509,732
83$21,904,147$11,868,336$9,843,199$18,936,182
84$24,058,777$12,370,292$10,093,353$20,494,757
85$26,430,672$12,894,336$10,349,381$22,198,406
86$29,041,915$13,441,473$10,611,399$24,061,379
87$31,916,837$14,012,752$10,879,528$26,099,354
88$35,082,249$14,609,271$11,153,887$28,329,587
89$38,567,695$15,232,182$11,434,598$30,771,067
90$42,405,729$15,882,688$11,721,786$33,444,696
91$46,632,222$16,562,048$12,015,575$36,373,478
92$51,286,702$17,271,582$12,316,090$39,582,738
93$56,412,726$18,012,671$12,623,460$43,100,354
94$62,058,291$18,786,758$12,937,812$46,957,013
95$68,276,284$19,595,356$13,259,276$51,186,506
96$75,124,985$20,440,049$13,587,983$55,826,031
97$82,668,617$21,322,495$13,924,063$60,916,548
98$90,977,947$22,244,428$14,267,651$66,503,159
99$100,130,959$23,207,666$14,618,878$72,635,526
100$110,213,585$24,214,110$14,977,878$79,368,336