Can I retire at age 72 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$652,375$646,564$640,894$635,360$629,957$610,770
2 years$322,958$316,943$311,114$305,462$299,980$280,814
3 years$213,166$207,126$201,311$195,712$190,319$171,776
4 years$158,282$152,259$146,503$141,000$135,737$117,958
5 years$125,359$119,373$113,692$108,301$103,185$86,218
6 years$103,418$97,477$91,880$86,609$81,647$65,507
7 years$87,752$81,861$76,353$71,206$66,401$51,088
8 years$76,008$70,170$64,753$59,733$55,086$40,589
9 years$66,878$61,096$55,772$50,879$46,390$32,695
10 years$59,579$53,853$48,623$43,859$39,527$26,613
11 years$53,611$47,942$42,807$38,170$33,994$21,840
12 years$48,641$43,030$37,990$33,480$29,459$18,038
13 years$44,439$38,887$33,942$29,558$25,689$14,975
14 years$40,840$35,347$30,497$26,238$22,519$12,484
15 years$37,724$32,290$27,535$23,400$19,827$10,443
16 years$35,000$29,626$24,964$20,952$17,523$8,760
17 years$32,599$27,284$22,716$18,825$15,537$7,366
18 years$30,467$25,212$20,737$16,965$13,815$6,205
19 years$28,562$23,366$18,984$15,330$12,314$5,236
20 years$26,850$21,713$17,422$13,884$10,999$4,424
21 years$25,302$20,225$16,025$12,601$9,843$3,742
22 years$23,897$18,879$14,770$11,457$8,823$3,168
23 years$22,617$17,657$13,637$10,434$7,920$2,684
24 years$21,444$16,544$12,612$9,516$7,118$2,276
25 years$20,367$15,525$11,681$8,691$6,405$1,931
26 years$19,375$14,591$10,834$7,947$5,770$1,639
27 years$18,458$13,732$10,060$7,274$5,202$1,392
28 years$17,607$12,940$9,352$6,664$4,694$1,182
29 years$16,817$12,207$8,703$6,111$4,238$1,004
30 years$16,081$11,528$8,107$5,609$3,830$854
31 years$15,394$10,898$7,558$5,151$3,462$726
32 years$14,751$10,312$7,051$4,734$3,132$617
33 years$14,148$9,765$6,584$4,353$2,834$525
34 years$13,582$9,255$6,152$4,005$2,566$446
35 years$13,049$8,779$5,751$3,687$2,324$379
36 years$12,547$8,332$5,380$3,396$2,106$323
37 years$12,073$7,914$5,036$3,129$1,909$275
38 years$11,626$7,521$4,716$2,884$1,730$234
39 years$11,202$7,152$4,418$2,659$1,569$199
40 years$10,801$6,804$4,141$2,453$1,423$169
41 years$10,420$6,477$3,883$2,263$1,291$144
42 years$10,058$6,168$3,642$2,088$1,172$122
43 years$9,714$5,877$3,418$1,928$1,063$104
44 years$9,386$5,602$3,208$1,780$965$89
45 years$9,074$5,342$3,013$1,644$876$75
46 years$8,777$5,096$2,829$1,518$796$64
47 years$8,493$4,863$2,658$1,403$722$55
48 years$8,221$4,643$2,498$1,296$656$46
49 years$7,962$4,434$2,348$1,198$596$40
50 years$7,713$4,235$2,207$1,107$541$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $7,900,000, adding $2,196 every year, while hoping to spend $21,884 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: 56/24/20 Blend
71$7,900,000$7,900,000$7,900,000$7,900,000
72$8,708,065$8,289,365$8,166,915$9,148,782
73$9,573,003$8,672,260$8,417,222$9,832,620
74$10,525,432$9,073,183$8,675,182$10,574,694
75$11,574,252$9,492,994$8,941,026$11,382,641
76$12,729,270$9,932,596$9,214,995$12,262,789
77$14,001,296$10,392,933$9,497,338$13,222,097
78$15,402,238$10,874,997$9,788,308$14,268,217
79$16,945,220$11,379,825$10,088,170$15,409,563
80$18,644,702$11,908,506$10,397,194$16,655,391
81$20,516,620$12,462,182$10,715,658$18,015,878
82$22,578,534$13,042,047$11,043,852$19,502,222
83$24,849,794$13,649,357$11,382,070$21,126,740
84$27,351,722$14,285,424$11,730,618$22,902,987
85$30,107,814$14,951,627$12,089,811$24,845,873
86$33,143,965$15,649,410$12,459,972$26,971,809
87$36,488,704$16,380,286$12,841,437$29,298,852
88$40,173,475$17,145,843$13,234,548$31,846,876
89$44,232,925$17,947,745$13,639,660$34,637,755
90$48,705,234$18,787,735$14,057,139$37,695,566
91$53,632,475$19,667,641$14,487,361$41,046,812
92$59,061,014$20,589,382$14,930,714$44,720,666
93$65,041,941$21,554,965$15,387,597$48,749,249
94$71,631,559$22,566,499$15,858,421$53,167,920
95$78,891,911$23,626,190$16,343,611$58,015,612
96$86,891,368$24,736,356$16,843,604$63,335,190
97$95,705,273$25,899,422$17,358,850$69,173,855
98$105,416,652$27,117,935$17,889,813$75,583,581
99$116,116,999$28,394,563$18,436,971$82,621,601
100$127,907,139$29,732,102$19,000,815$90,350,942