Can I retire at age 72 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$982,691$973,938$965,398$957,062$948,923$938,622
2 years$486,481$477,420$468,640$460,126$451,868$441,497
3 years$321,099$311,999$303,241$294,807$286,684$276,564
4 years$238,424$229,353$220,682$212,392$204,465$194,674
5 years$188,832$179,815$171,258$163,137$155,431$145,998
6 years$155,782$146,833$138,402$130,462$122,987$113,923
7 years$132,184$123,310$115,013$107,260$100,022$91,331
8 years$114,493$105,699$97,540$89,978$82,978$74,659
9 years$100,741$92,030$84,011$76,641$69,879$61,930
10 years$89,746$81,120$73,243$66,065$59,541$51,956
11 years$80,756$72,217$64,482$57,497$51,207$43,980
12 years$73,269$64,818$57,226$50,432$44,375$37,498
13 years$66,939$58,576$51,128$44,524$38,696$32,161
14 years$61,518$53,244$45,938$39,524$33,920$27,719
15 years$56,825$48,640$41,476$35,248$29,866$23,988
16 years$52,721$44,626$37,604$31,561$26,396$20,831
17 years$49,105$41,099$34,218$28,357$23,404$18,142
18 years$45,894$37,977$31,237$25,556$20,810$15,840
19 years$43,024$35,197$28,596$23,092$18,548$13,860
20 years$40,444$32,707$26,244$20,914$16,568$12,150
21 years$38,113$30,465$24,139$18,981$14,826$10,667
22 years$35,997$28,438$22,248$17,258$13,290$9,379
23 years$34,068$26,597$20,542$15,717$11,930$8,256
24 years$32,302$24,920$18,998$14,335$10,723$7,276
25 years$30,680$23,386$17,596$13,091$9,649$6,417
26 years$29,185$21,979$16,319$11,970$8,691$5,665
27 years$27,803$20,685$15,154$10,957$7,836$5,004
28 years$26,523$19,491$14,088$10,039$7,070$4,423
29 years$25,332$18,388$13,110$9,206$6,384$3,912
30 years$24,223$17,365$12,211$8,448$5,769$3,461
31 years$23,188$16,416$11,384$7,759$5,215$3,064
32 years$22,219$15,533$10,622$7,131$4,718$2,713
33 years$21,311$14,710$9,917$6,557$4,270$2,403
34 years$20,458$13,942$9,266$6,033$3,866$2,130
35 years$19,656$13,223$8,663$5,554$3,501$1,888
36 years$18,900$12,551$8,104$5,115$3,172$1,673
37 years$18,186$11,921$7,586$4,713$2,875$1,484
38 years$17,512$11,329$7,104$4,344$2,607$1,316
39 years$16,874$10,773$6,655$4,005$2,364$1,167
40 years$16,269$10,249$6,238$3,694$2,144$1,035
41 years$15,695$9,756$5,849$3,409$1,945$919
42 years$15,150$9,292$5,487$3,146$1,765$815
43 years$14,632$8,853$5,149$2,904$1,602$723
44 years$14,139$8,439$4,833$2,681$1,454$642
45 years$13,669$8,047$4,538$2,476$1,320$570
46 years$13,221$7,677$4,262$2,287$1,198$506
47 years$12,793$7,326$4,004$2,113$1,088$449
48 years$12,384$6,994$3,763$1,953$988$399
49 years$11,993$6,678$3,537$1,805$898$354
50 years$11,619$6,379$3,325$1,668$815$314

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $11,900,000, adding $2,613 every year, while hoping to spend $33,262 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: 89/6/5 Blend
71$11,900,000$11,900,000$11,900,000$11,900,000
72$13,116,495$12,485,795$12,301,345$14,285,667
73$14,418,987$13,062,209$12,678,050$15,622,504
74$15,853,219$13,665,752$13,066,259$17,087,324
75$17,432,592$14,297,718$13,466,324$18,696,900
76$19,171,875$14,959,465$13,878,604$20,465,822
77$21,087,341$15,652,414$14,303,473$22,410,159
78$23,196,923$16,378,055$14,741,312$24,547,613
79$25,520,380$17,137,951$15,192,517$26,897,681
80$28,079,488$17,933,740$15,657,495$29,481,845
81$30,898,239$18,767,136$16,136,664$32,323,767
82$34,003,074$19,639,940$16,630,457$35,449,515
83$37,423,128$20,554,038$17,139,319$38,887,805
84$41,190,508$21,511,407$17,663,707$42,670,275
85$45,340,593$22,514,119$18,204,093$46,831,780
86$49,912,368$23,564,346$18,760,966$51,410,718
87$54,948,797$24,664,366$19,334,825$56,449,395
88$60,497,220$25,816,565$19,926,188$61,994,420
89$66,609,807$27,023,448$20,535,586$68,097,144
90$73,344,047$28,287,637$21,163,567$74,814,146
91$80,763,291$29,611,882$21,810,698$82,207,760
92$88,937,350$30,999,067$22,477,559$90,346,669
93$97,943,152$32,452,214$23,164,750$99,306,543
94$107,865,474$33,974,493$23,872,890$109,170,761
95$118,797,734$35,569,225$24,602,613$120,031,188
96$130,842,880$37,239,893$25,354,577$131,989,046
97$144,114,355$38,990,149$26,129,457$145,155,863
98$158,737,174$40,823,821$26,927,948$159,654,529
99$174,849,099$42,744,923$27,750,769$175,620,448
100$192,601,945$44,757,661$28,598,657$193,202,818