Can I retire at age 72 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$974,433$965,753$957,285$949,019$940,949$930,348
2 years$482,393$473,408$464,701$456,259$448,071$437,399
3 years$318,401$309,378$300,693$292,330$284,274$273,863
4 years$236,421$227,425$218,827$210,607$202,747$192,676
5 years$187,245$178,304$169,819$161,766$154,125$144,424
6 years$154,473$145,599$137,239$129,366$121,954$112,634
7 years$131,073$122,274$114,046$106,359$99,181$90,247
8 years$113,531$104,811$96,720$89,222$82,280$73,731
9 years$99,894$91,257$83,305$75,997$69,292$61,124
10 years$88,992$80,438$72,627$65,510$59,040$51,249
11 years$80,077$71,610$63,940$57,014$50,777$43,354
12 years$72,653$64,273$56,745$50,009$44,002$36,941
13 years$66,377$58,084$50,698$44,150$38,370$31,663
14 years$61,001$52,797$45,552$39,192$33,635$27,271
15 years$56,347$48,231$41,128$34,952$29,615$23,585
16 years$52,278$44,251$37,288$31,296$26,174$20,467
17 years$48,692$40,753$33,931$28,119$23,208$17,813
18 years$45,508$37,658$30,974$25,341$20,635$15,541
19 years$42,662$34,901$28,356$22,898$18,393$13,589
20 years$40,104$32,432$26,023$20,738$16,429$11,903
21 years$37,793$30,209$23,936$18,821$14,702$10,443
22 years$35,695$28,199$22,061$17,113$13,178$9,175
23 years$33,782$26,374$20,370$15,585$11,829$8,070
24 years$32,031$24,711$18,838$14,214$10,633$7,106
25 years$30,422$23,190$17,448$12,981$9,568$6,263
26 years$28,940$21,795$16,182$11,870$8,618$5,524
27 years$27,570$20,511$15,027$10,864$7,770$4,876
28 years$26,300$19,328$13,969$9,954$7,011$4,307
29 years$25,119$18,233$13,000$9,128$6,331$3,806
30 years$24,020$17,219$12,109$8,377$5,720$3,365
31 years$22,993$16,278$11,289$7,694$5,172$2,976
32 years$22,033$15,402$10,532$7,071$4,678$2,633
33 years$21,132$14,586$9,834$6,502$4,234$2,330
34 years$20,286$13,825$9,188$5,983$3,833$2,063
35 years$19,491$13,112$8,591$5,507$3,472$1,827
36 years$18,741$12,446$8,036$5,072$3,146$1,618
37 years$18,034$11,820$7,522$4,673$2,851$1,434
38 years$17,365$11,234$7,044$4,308$2,585$1,271
39 years$16,732$10,682$6,599$3,972$2,344$1,126
40 years$16,132$10,163$6,186$3,663$2,126$998
41 years$15,564$9,674$5,800$3,380$1,929$885
42 years$15,023$9,213$5,441$3,119$1,750$784
43 years$14,509$8,779$5,105$2,879$1,588$695
44 years$14,020$8,368$4,792$2,659$1,442$617
45 years$13,554$7,979$4,500$2,455$1,309$547
46 years$13,109$7,612$4,226$2,268$1,188$485
47 years$12,685$7,264$3,971$2,095$1,079$430
48 years$12,280$6,935$3,731$1,936$980$382
49 years$11,892$6,622$3,507$1,789$890$338
50 years$11,521$6,326$3,297$1,654$808$300

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $11,800,000, adding $3,995 every year, while hoping to spend $21,803 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: 57/21/22 Blend
71$11,800,000$11,800,000$11,800,000$11,800,000
72$13,007,721$12,382,321$12,199,421$13,671,841
73$14,311,310$12,965,856$12,584,903$14,708,943
74$15,747,135$13,577,254$12,982,569$15,835,999
75$17,328,660$14,217,857$13,392,802$17,063,868
76$19,070,723$14,889,072$13,816,000$18,402,271
77$20,989,674$15,592,374$14,252,574$19,861,897
78$23,103,532$16,329,311$14,702,946$21,454,499
79$25,432,149$17,101,504$15,167,552$23,193,005
80$27,997,405$17,910,655$15,646,842$25,091,636
81$30,823,410$18,758,546$16,141,280$27,166,033
82$33,936,730$19,647,048$16,651,346$29,433,407
83$37,366,643$20,578,119$17,177,532$31,912,690
84$41,145,411$21,553,817$17,720,349$34,624,718
85$45,308,585$22,576,297$18,280,323$37,592,415
86$49,895,342$23,647,817$18,857,996$40,841,012
87$54,948,856$24,770,749$19,453,928$44,398,276
88$60,516,699$25,947,576$20,068,694$48,294,770
89$66,651,299$27,180,903$20,702,892$52,564,133
90$73,410,428$28,473,464$21,357,136$57,243,397
91$80,857,751$29,828,122$22,032,058$62,373,327
92$89,063,422$31,247,882$22,728,313$67,998,800
93$98,104,756$32,735,892$23,446,576$74,169,228
94$108,066,946$34,295,456$24,187,542$80,939,011
95$119,043,878$35,930,037$24,951,928$88,368,048
96$131,139,012$37,643,267$25,740,475$96,522,294
97$144,466,357$39,438,953$26,553,948$105,474,377
98$159,151,554$41,321,090$27,393,134$115,304,275
99$175,333,055$43,293,866$28,258,845$126,100,063
100$193,163,431$45,361,670$29,151,922$137,958,735