Can I retire at age 72 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$933,143$924,831$916,722$908,807$901,078$893,528
2 years$461,952$453,349$445,011$436,926$429,085$421,475
3 years$304,909$296,268$287,951$279,943$272,229$264,796
4 years$226,403$217,789$209,555$201,683$194,156$186,957
5 years$179,311$170,749$162,623$154,912$147,594$140,650
6 years$147,927$139,429$131,424$123,884$116,786$110,106
7 years$125,519$117,093$109,214$101,852$94,979$88,564
8 years$108,720$100,370$92,622$85,441$78,794$72,646
9 years$95,662$87,390$79,775$72,777$66,356$60,473
10 years$85,221$77,030$69,550$62,734$56,538$50,917
11 years$76,684$68,575$61,231$54,598$48,625$43,261
12 years$69,575$61,550$54,341$47,890$42,137$37,025
13 years$63,564$55,623$48,550$42,279$36,745$31,879
14 years$58,417$50,560$43,622$37,531$32,210$27,584
15 years$53,959$46,187$39,385$33,471$28,360$23,968
16 years$50,063$42,376$35,708$29,970$25,065$20,900
17 years$46,629$39,027$32,493$26,927$22,224$18,279
18 years$43,580$36,062$29,662$24,267$19,761$16,027
19 years$40,855$33,422$27,154$21,927$17,613$14,085
20 years$38,405$31,057$24,921$19,859$15,732$12,401
21 years$36,192$28,929$22,922$18,024$14,079$10,937
22 years$34,182$27,004$21,126$16,388$12,620$9,659
23 years$32,350$25,256$19,506$14,925$11,328$8,542
24 years$30,673$23,664$18,040$13,612$10,182$7,562
25 years$29,133$22,207$16,709$12,431$9,162$6,701
26 years$27,714$20,871$15,497$11,367$8,253$5,944
27 years$26,402$19,642$14,390$10,404$7,441$5,275
28 years$25,185$18,509$13,377$9,532$6,714$4,686
29 years$24,055$17,461$12,449$8,741$6,063$4,164
30 years$23,002$16,490$11,596$8,022$5,478$3,702
31 years$22,019$15,588$10,810$7,368$4,953$3,294
32 years$21,099$14,750$10,086$6,771$4,480$2,931
33 years$20,237$13,968$9,417$6,227$4,054$2,609
34 years$19,427$13,239$8,799$5,729$3,671$2,324
35 years$18,665$12,557$8,227$5,274$3,325$2,070
36 years$17,947$11,918$7,696$4,857$3,012$1,844
37 years$17,269$11,320$7,203$4,475$2,730$1,644
38 years$16,629$10,758$6,745$4,125$2,475$1,465
39 years$16,023$10,229$6,320$3,803$2,245$1,306
40 years$15,449$9,732$5,923$3,508$2,036$1,165
41 years$14,904$9,264$5,554$3,237$1,847$1,039
42 years$14,387$8,823$5,210$2,987$1,676$927
43 years$13,894$8,407$4,889$2,757$1,521$827
44 years$13,426$8,013$4,589$2,546$1,381$737
45 years$12,980$7,641$4,309$2,351$1,253$658
46 years$12,554$7,290$4,047$2,172$1,138$587
47 years$12,148$6,956$3,802$2,007$1,033$524
48 years$11,759$6,641$3,573$1,854$938$467
49 years$11,388$6,342$3,358$1,714$852$417
50 years$11,033$6,058$3,157$1,584$774$372

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $11,300,000, adding $6,840 every year, while hoping to spend $58,301 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: 29/49/22 Blend
71$11,300,000$11,300,000$11,300,000$11,300,000
72$12,459,655$11,860,755$11,685,605$12,734,930
73$13,668,509$12,379,901$12,015,041$13,467,216
74$14,998,711$12,922,530$12,353,560$14,248,327
75$16,462,578$13,489,733$12,701,402$15,086,909
76$18,073,680$14,082,649$13,058,819$15,987,943
77$19,846,971$14,702,474$13,426,064$16,956,879
78$21,798,925$15,350,458$13,803,401$17,999,684
79$23,947,696$16,027,912$14,191,096$19,122,896
80$26,313,289$16,736,207$14,589,425$20,333,674
81$28,917,744$17,476,781$14,998,670$21,639,867
82$31,785,349$18,251,139$15,419,121$23,050,074
83$34,942,867$19,060,857$15,851,074$24,573,728
84$38,419,788$19,907,587$16,294,833$26,221,170
85$42,248,605$20,793,058$16,750,710$28,003,744
86$46,465,128$21,719,082$17,219,023$29,933,899
87$51,108,811$22,687,557$17,700,100$32,025,294
88$56,223,133$23,700,471$18,194,277$34,292,922
89$61,856,005$24,759,907$18,701,898$36,753,243
90$68,060,220$25,868,045$19,223,314$39,424,330
91$74,893,955$27,027,171$19,758,887$42,326,033
92$82,421,315$28,239,680$20,308,987$45,480,153
93$90,712,944$29,508,079$20,873,993$48,910,642
94$99,846,686$30,834,996$21,454,293$52,643,816
95$109,908,322$32,223,185$22,050,286$56,708,596
96$120,992,379$33,675,529$22,662,378$61,136,765
97$133,203,021$35,195,050$23,290,988$65,963,261
98$146,655,037$36,784,914$23,936,543$71,226,493
99$161,474,914$38,448,439$24,599,482$76,968,689
100$177,802,043$40,189,100$25,280,252$83,236,284