Can I retire at age 72 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$966,175$957,569$949,172$940,977$932,974$906,744
2 years$478,304$469,397$460,763$452,393$444,274$418,047
3 years$315,702$306,756$298,144$289,852$281,865$256,464
4 years$234,417$225,498$216,973$208,822$201,029$176,648
5 years$185,659$176,793$168,380$160,396$152,819$129,525
6 years$153,164$144,365$136,076$128,270$120,920$98,735
7 years$129,962$121,237$113,080$105,458$98,341$77,264
8 years$112,569$103,923$95,901$88,466$81,583$61,604
9 years$99,048$90,484$82,599$75,353$68,705$49,803
10 years$88,237$79,757$72,012$64,955$58,540$40,691
11 years$79,398$71,003$63,398$56,530$50,346$33,522
12 years$72,038$63,728$56,264$49,585$43,629$27,797
13 years$65,814$57,592$50,268$43,776$38,045$23,170
14 years$60,484$52,349$45,166$38,859$33,350$19,397
15 years$55,870$47,822$40,779$34,656$29,364$16,294
16 years$51,835$43,876$36,972$31,030$25,952$13,728
17 years$48,280$40,408$33,643$27,881$23,011$11,593
18 years$45,122$37,339$30,712$25,126$20,460$9,810
19 years$42,301$34,605$28,115$22,704$18,237$8,315
20 years$39,765$32,157$25,803$20,562$16,289$7,057
21 years$37,473$29,953$23,734$18,662$14,577$5,997
22 years$35,392$27,960$21,874$16,968$13,066$5,101
23 years$33,495$26,150$20,197$15,453$11,729$4,343
24 years$31,759$24,501$18,679$14,094$10,542$3,700
25 years$30,164$22,993$17,300$12,871$9,487$3,154
26 years$28,695$21,610$16,045$11,769$8,545$2,690
27 years$27,336$20,337$14,899$10,772$7,704$2,295
28 years$26,077$19,164$13,851$9,870$6,952$1,959
29 years$24,906$18,079$12,889$9,051$6,277$1,673
30 years$23,816$17,074$12,006$8,306$5,672$1,429
31 years$22,798$16,140$11,193$7,629$5,128$1,221
32 years$21,846$15,272$10,443$7,011$4,638$1,043
33 years$20,953$14,463$9,751$6,447$4,198$891
34 years$20,114$13,707$9,111$5,932$3,801$762
35 years$19,326$13,001$8,518$5,461$3,442$651
36 years$18,582$12,340$7,968$5,029$3,119$557
37 years$17,881$11,720$7,458$4,634$2,827$476
38 years$17,218$11,138$6,984$4,271$2,563$407
39 years$16,590$10,592$6,543$3,938$2,324$348
40 years$15,996$10,077$6,133$3,632$2,108$298
41 years$15,432$9,592$5,751$3,351$1,912$255
42 years$14,896$9,135$5,395$3,093$1,735$218
43 years$14,386$8,704$5,062$2,855$1,575$186
44 years$13,901$8,297$4,752$2,636$1,430$159
45 years$13,439$7,912$4,462$2,435$1,298$136
46 years$12,998$7,548$4,190$2,249$1,178$116
47 years$12,578$7,203$3,937$2,078$1,070$100
48 years$12,176$6,876$3,700$1,920$972$85
49 years$11,791$6,566$3,477$1,774$883$73
50 years$11,423$6,272$3,269$1,640$802$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $11,700,000, adding $3,891 every year, while hoping to spend $23,491 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: 61/15/24 Blend
71$11,700,000$11,700,000$11,700,000$11,700,000
72$12,897,414$12,277,314$12,095,964$13,601,706
73$14,187,956$12,853,908$12,476,184$14,656,522
74$15,609,345$13,457,968$12,868,355$15,804,393
75$17,174,905$14,090,814$13,272,851$17,056,766
76$18,899,314$14,753,833$13,690,060$18,423,824
77$20,798,748$15,448,475$14,120,382$19,916,768
78$22,891,034$16,176,264$14,564,228$21,547,922
79$25,195,813$16,938,794$15,022,023$23,330,848
80$27,734,732$17,737,741$15,494,206$25,280,468
81$30,531,642$18,574,857$15,981,230$27,413,204
82$33,612,827$19,451,984$16,483,559$29,747,131
83$37,007,253$20,371,048$17,001,676$32,302,141
84$40,746,837$21,334,074$17,536,076$35,100,132
85$44,866,751$22,343,180$18,087,271$38,165,207
86$49,405,753$23,400,590$18,655,788$41,523,903
87$54,406,556$24,508,634$19,242,173$45,205,432
88$59,916,225$25,669,758$19,846,986$49,241,957
89$65,986,627$26,886,523$20,470,807$53,668,890
90$72,674,916$28,161,616$21,114,232$58,525,223
91$80,044,077$29,497,855$21,777,879$63,853,892
92$88,163,517$30,898,193$22,462,382$69,702,176
93$97,109,720$32,365,729$23,168,396$76,122,139
94$106,966,972$33,903,710$23,896,598$83,171,119
95$117,828,154$35,515,542$24,647,684$90,912,261
96$129,795,618$37,204,797$25,422,374$99,415,109
97$142,982,157$38,975,218$26,221,410$108,756,258
98$157,512,066$40,830,732$27,045,555$119,020,068
99$173,522,315$42,775,457$27,895,601$130,299,458
100$191,163,847$44,813,710$28,772,359$142,696,776