Can I retire at age 72 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$602,827$597,458$592,219$587,105$582,112$559,679
2 years$298,429$292,871$287,485$282,262$277,196$254,863
3 years$196,977$191,395$186,022$180,848$175,865$154,334
4 years$146,260$140,695$135,376$130,291$125,428$104,864
5 years$115,838$110,307$105,057$100,076$95,349$75,804
6 years$95,564$90,074$84,902$80,031$75,446$56,933
7 years$81,087$75,644$70,554$65,798$61,358$43,872
8 years$70,235$64,841$59,835$55,197$50,902$34,426
9 years$61,799$56,456$51,536$47,015$42,867$27,376
10 years$55,054$49,763$44,930$40,528$36,525$21,990
11 years$49,539$44,301$39,556$35,271$31,413$17,802
12 years$44,947$39,762$35,105$30,938$27,221$14,499
13 years$41,064$35,933$31,364$27,313$23,738$11,866
14 years$37,738$32,662$28,181$24,246$20,808$9,748
15 years$34,859$29,838$25,443$21,623$18,321$8,034
16 years$32,342$27,376$23,068$19,361$16,192$6,638
17 years$30,123$25,212$20,991$17,396$14,357$5,495
18 years$28,153$23,297$19,162$15,677$12,766$4,557
19 years$26,393$21,591$17,542$14,165$11,378$3,785
20 years$24,810$20,064$16,099$12,830$10,163$3,147
21 years$23,381$18,689$14,808$11,644$9,095$2,619
22 years$22,082$17,445$13,648$10,587$8,153$2,181
23 years$20,899$16,316$12,602$9,642$7,318$1,818
24 years$19,816$15,287$11,654$8,794$6,578$1,516
25 years$18,821$14,346$10,794$8,031$5,919$1,264
26 years$17,904$13,483$10,011$7,343$5,332$1,055
27 years$17,056$12,689$9,296$6,721$4,807$881
28 years$16,270$11,957$8,642$6,158$4,337$736
29 years$15,540$11,280$8,042$5,647$3,916$614
30 years$14,860$10,653$7,491$5,183$3,539$513
31 years$14,225$10,070$6,984$4,760$3,199$429
32 years$13,630$9,529$6,516$4,374$2,894$358
33 years$13,073$9,024$6,084$4,023$2,619$299
34 years$12,550$8,552$5,684$3,701$2,371$250
35 years$12,058$8,112$5,314$3,407$2,148$209
36 years$11,594$7,699$4,972$3,138$1,946$175
37 years$11,156$7,313$4,653$2,891$1,764$146
38 years$10,743$6,950$4,358$2,665$1,599$122
39 years$10,351$6,608$4,083$2,457$1,450$102
40 years$9,980$6,287$3,827$2,266$1,315$85
41 years$9,628$5,985$3,588$2,091$1,193$71
42 years$9,294$5,700$3,366$1,930$1,083$60
43 years$8,976$5,431$3,158$1,781$983$50
44 years$8,673$5,177$2,965$1,645$892$42
45 years$8,385$4,936$2,784$1,519$810$35
46 years$8,110$4,709$2,615$1,403$735$29
47 years$7,848$4,494$2,456$1,296$668$24
48 years$7,597$4,290$2,308$1,198$606$20
49 years$7,357$4,097$2,170$1,107$551$17
50 years$7,127$3,913$2,040$1,023$500$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $7,300,000, adding $2,045 every year, while hoping to spend $35,488 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: 60/27/13 Blend
71$7,300,000$7,300,000$7,300,000$7,300,000
72$8,046,709$7,659,809$7,546,659$8,503,737
73$8,829,715$7,997,381$7,761,714$9,149,106
74$9,691,397$8,350,304$7,982,783$9,848,604
75$10,639,745$8,719,294$8,210,031$10,610,789
76$11,683,558$9,105,099$8,443,626$11,441,714
77$12,832,535$9,508,502$8,683,741$12,348,037
78$14,097,361$9,930,326$8,930,554$13,337,080
79$15,489,810$10,371,431$9,184,246$14,416,895
80$17,022,856$10,832,717$9,445,004$15,596,342
81$18,710,795$11,315,128$9,713,019$16,885,167
82$20,569,380$11,819,653$9,988,489$18,294,091
83$22,615,968$12,347,327$10,271,615$19,834,911
84$24,869,686$12,899,235$10,562,603$21,520,610
85$27,351,611$13,476,514$10,861,667$23,365,473
86$30,084,966$14,080,354$11,169,023$25,385,224
87$33,095,343$14,712,002$11,484,896$27,597,167
88$36,410,942$15,372,765$11,809,515$30,020,348
89$40,062,839$16,064,011$12,143,114$32,675,733
90$44,085,275$16,787,174$12,485,936$35,586,403
91$48,515,985$17,543,758$12,838,226$38,777,767
92$53,396,549$18,335,335$13,200,240$42,277,796
93$58,772,786$19,163,555$13,572,237$46,117,289
94$64,695,188$20,030,147$13,954,484$50,330,157
95$71,219,393$20,936,921$14,347,256$54,953,738
96$78,406,714$21,885,773$14,750,832$60,029,146
97$86,324,715$22,878,691$15,165,500$65,601,656
98$95,047,847$23,917,759$15,591,557$71,721,127
99$104,658,157$25,005,158$16,029,303$78,442,464
100$115,246,054$26,143,176$16,479,050$85,826,139