Can I retire at age 72 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$644,117$638,379$632,782$627,318$621,983$606,209
2 years$318,870$312,931$307,176$301,595$296,182$280,393
3 years$210,468$204,504$198,763$193,235$187,910$172,599
4 years$156,278$150,332$144,648$139,215$134,019$119,304
5 years$123,772$117,862$112,253$106,930$101,879$87,801
6 years$102,109$96,243$90,717$85,513$80,614$67,186
7 years$86,641$80,825$75,386$70,305$65,560$52,784
8 years$75,046$69,282$63,934$58,977$54,389$42,259
9 years$66,032$60,322$55,066$50,235$45,803$34,309
10 years$58,825$53,171$48,008$43,303$39,027$28,155
11 years$52,932$47,335$42,265$37,687$33,564$23,298
12 years$48,025$42,486$37,509$33,057$29,086$19,408
13 years$43,876$38,395$33,512$29,184$25,364$16,255
14 years$40,323$34,900$30,111$25,906$22,234$13,673
15 years$37,246$31,881$27,186$23,104$19,576$11,543
16 years$34,557$29,251$24,648$20,687$17,301$9,773
17 years$32,186$26,939$22,429$18,587$15,341$8,296
18 years$30,082$24,893$20,475$16,751$13,640$7,056
19 years$28,201$23,070$18,744$15,136$12,158$6,012
20 years$26,510$21,438$17,202$13,708$10,860$5,130
21 years$24,982$19,969$15,822$12,441$9,718$4,383
22 years$23,595$18,640$14,583$11,312$8,711$3,749
23 years$22,330$17,434$13,465$10,302$7,819$3,209
24 years$21,173$16,334$12,453$9,396$7,028$2,749
25 years$20,110$15,329$11,534$8,581$6,324$2,357
26 years$19,130$14,407$10,697$7,846$5,697$2,021
27 years$18,224$13,558$9,933$7,182$5,136$1,735
28 years$17,384$12,776$9,234$6,580$4,634$1,489
29 years$16,604$12,053$8,593$6,034$4,185$1,279
30 years$15,877$11,382$8,004$5,538$3,781$1,098
31 years$15,199$10,760$7,462$5,086$3,419$944
32 years$14,564$10,181$6,962$4,674$3,092$811
33 years$13,969$9,642$6,501$4,298$2,799$697
34 years$13,410$9,138$6,074$3,955$2,534$599
35 years$12,884$8,667$5,678$3,640$2,295$515
36 years$12,388$8,227$5,312$3,353$2,079$443
37 years$11,921$7,813$4,972$3,089$1,885$381
38 years$11,479$7,426$4,656$2,847$1,709$328
39 years$11,060$7,061$4,362$2,625$1,549$282
40 years$10,664$6,718$4,089$2,422$1,405$243
41 years$10,288$6,395$3,834$2,234$1,275$209
42 years$9,931$6,090$3,596$2,062$1,157$180
43 years$9,591$5,803$3,375$1,903$1,050$155
44 years$9,268$5,531$3,168$1,757$953$133
45 years$8,959$5,275$2,974$1,623$865$114
46 years$8,666$5,032$2,794$1,499$786$98
47 years$8,385$4,802$2,625$1,385$713$85
48 years$8,117$4,584$2,466$1,280$648$73
49 years$7,861$4,377$2,318$1,183$588$63
50 years$7,616$4,182$2,179$1,093$534$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $7,800,000, adding $6,968 every year, while hoping to spend $50,444 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: 59/24/17 Blend
71$7,800,000$7,800,000$7,800,000$7,800,000
72$8,602,787$8,189,387$8,068,487$9,072,155
73$9,426,600$8,536,995$8,285,110$9,738,080
74$10,332,750$8,899,946$8,507,298$10,457,786
75$11,329,584$9,278,936$8,735,186$11,241,496
76$12,426,296$9,674,699$8,968,909$12,095,397
77$13,633,018$10,087,998$9,208,607$13,026,293
78$14,960,910$10,519,635$9,454,420$14,041,668
79$16,422,274$10,970,448$9,706,494$15,149,756
80$18,030,660$11,441,314$9,964,976$16,359,613
81$19,801,001$11,933,152$10,230,016$17,681,208
82$21,749,750$12,446,923$10,501,769$19,125,507
83$23,895,037$12,983,635$10,780,390$20,704,577
84$26,256,837$13,544,339$11,066,040$22,431,702
85$28,857,163$14,130,140$11,358,880$24,321,498
86$31,720,269$14,742,193$11,659,078$26,390,057
87$34,872,882$15,381,705$11,966,803$28,655,088
88$38,344,451$16,049,944$12,282,226$31,136,090
89$42,167,428$16,748,235$12,605,524$33,854,526
90$46,377,572$17,477,965$12,936,875$36,834,026
91$51,014,287$18,240,587$13,276,462$40,100,609
92$56,120,991$19,037,623$13,624,471$43,682,921
93$61,745,532$19,870,666$13,981,090$47,612,504
94$67,940,632$20,741,384$14,346,513$51,924,093
95$74,764,389$21,651,525$14,720,934$56,655,937
96$82,280,825$22,602,918$15,104,553$61,850,155
97$90,560,487$23,597,479$15,497,574$67,553,136
98$99,681,116$24,637,214$15,900,202$73,815,966
99$109,728,377$25,724,226$16,312,646$80,694,911
100$120,796,673$26,860,714$16,735,121$88,251,938