Can I retire at age 72 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$611,085$605,642$600,331$595,148$590,086$578,646
2 years$302,517$296,883$291,423$286,129$280,994$269,514
3 years$199,675$194,016$188,570$183,325$178,274$167,113
4 years$148,264$142,623$137,231$132,076$127,146$116,390
5 years$117,425$111,818$106,497$101,447$96,655$86,334
6 years$96,873$91,308$86,065$81,128$76,480$66,605
7 years$82,198$76,680$71,520$66,700$62,198$52,773
8 years$71,197$65,729$60,655$55,953$51,600$42,621
9 years$62,646$57,229$52,242$47,659$43,454$34,916
10 years$55,808$50,444$45,546$41,083$37,025$28,920
11 years$50,218$44,908$40,098$35,754$31,843$24,161
12 years$45,562$40,307$35,586$31,361$27,594$20,324
13 years$41,626$36,426$31,794$27,687$24,063$17,193
14 years$38,255$33,110$28,567$24,578$21,093$14,611
15 years$35,336$30,246$25,792$21,919$18,572$12,464
16 years$32,785$27,751$23,384$19,626$16,414$10,666
17 years$30,536$25,557$21,279$17,634$14,554$9,152
18 years$28,539$23,616$19,425$15,892$12,941$7,871
19 years$26,754$21,887$17,782$14,360$11,534$6,782
20 years$25,150$20,339$16,320$13,005$10,303$5,853
21 years$23,701$18,945$15,011$11,803$9,220$5,058
22 years$22,385$17,684$13,835$10,732$8,264$4,376
23 years$21,185$16,540$12,774$9,774$7,418$3,791
24 years$20,087$15,496$11,814$8,914$6,668$3,286
25 years$19,078$14,543$10,942$8,141$6,000$2,851
26 years$18,149$13,668$10,148$7,444$5,405$2,475
27 years$17,289$12,863$9,423$6,813$4,873$2,150
28 years$16,493$12,121$8,760$6,242$4,397$1,868
29 years$15,753$11,434$8,152$5,724$3,970$1,624
30 years$15,063$10,799$7,594$5,254$3,587$1,412
31 years$14,419$10,208$7,079$4,825$3,243$1,229
32 years$13,817$9,659$6,605$4,434$2,934$1,069
33 years$13,252$9,147$6,167$4,078$2,655$931
34 years$12,722$8,670$5,762$3,752$2,404$810
35 years$12,223$8,223$5,387$3,454$2,177$706
36 years$11,753$7,805$5,040$3,181$1,973$615
37 years$11,309$7,413$4,717$2,931$1,788$535
38 years$10,890$7,045$4,417$2,701$1,621$466
39 years$10,493$6,699$4,139$2,491$1,470$406
40 years$10,117$6,373$3,879$2,297$1,333$354
41 years$9,760$6,067$3,637$2,120$1,210$308
42 years$9,421$5,778$3,412$1,956$1,098$269
43 years$9,099$5,505$3,202$1,806$996$234
44 years$8,792$5,248$3,005$1,667$904$204
45 years$8,500$5,004$2,822$1,540$821$178
46 years$8,221$4,774$2,650$1,422$745$155
47 years$7,955$4,556$2,490$1,314$677$135
48 years$7,701$4,349$2,340$1,214$615$118
49 years$7,458$4,153$2,199$1,122$558$103
50 years$7,225$3,967$2,068$1,037$507$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $7,400,000, adding $6,462 every year, while hoping to spend $48,614 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$7,400,000$7,400,000$7,400,000$7,400,000
72$8,161,466$7,769,266$7,654,566$8,624,754
73$8,942,210$8,098,235$7,859,269$9,266,260
74$9,800,961$8,441,694$8,069,200$9,959,677
75$10,745,624$8,800,302$8,284,483$10,714,914
76$11,784,910$9,174,748$8,505,245$11,537,941
77$12,928,414$9,565,754$8,731,614$12,435,325
78$14,186,711$9,974,075$8,963,722$13,414,290
79$15,571,451$10,400,501$9,201,702$14,482,781
80$17,095,473$10,845,859$9,445,693$15,649,538
81$18,772,920$11,311,015$9,695,833$16,924,180
82$20,619,379$11,796,876$9,952,264$18,317,286
83$22,652,023$12,304,390$10,215,132$19,840,501
84$24,889,774$12,834,550$10,484,584$21,506,637
85$27,353,485$13,388,396$10,760,771$23,329,795
86$30,066,130$13,967,017$11,043,847$25,325,498
87$33,053,026$14,571,552$11,333,966$27,510,827
88$36,342,070$15,203,194$11,631,290$29,904,589
89$39,964,003$15,863,192$11,935,980$32,527,483
90$43,952,696$16,552,854$12,248,200$35,402,299
91$48,345,476$17,273,548$12,568,120$38,554,127
92$53,183,472$18,026,709$12,895,909$42,010,592
93$58,512,006$18,813,838$13,231,742$45,802,110
94$64,381,021$19,636,506$13,575,796$49,962,171
95$70,845,550$20,496,360$13,928,250$54,527,655
96$77,966,238$21,395,124$14,289,288$59,539,171
97$85,809,911$22,334,602$14,659,096$65,041,444
98$94,450,209$23,316,684$15,037,863$71,083,723
99$103,968,279$24,343,350$15,425,780$77,720,251
100$114,453,543$25,416,674$15,823,043$85,010,767