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%18.8%
1 years$982,691$973,938$965,398$957,062$948,923$915,254
2 years$486,481$477,420$468,640$460,126$451,868$418,306
3 years$321,099$311,999$303,241$294,807$286,684$254,284
4 years$238,424$229,353$220,682$212,392$204,465$173,474
5 years$188,832$179,815$171,258$163,137$155,431$125,931
6 years$155,782$146,833$138,402$130,462$122,987$95,000
7 years$132,184$123,310$115,013$107,260$100,022$73,541
8 years$114,493$105,699$97,540$89,978$82,978$57,981
9 years$100,741$92,030$84,011$76,641$69,879$46,335
10 years$89,746$81,120$73,243$66,065$59,541$37,409
11 years$80,756$72,217$64,482$57,497$51,207$30,441
12 years$73,269$64,818$57,226$50,432$44,375$24,926
13 years$66,939$58,576$51,128$44,524$38,696$20,511
14 years$61,518$53,244$45,938$39,524$33,920$16,946
15 years$56,825$48,640$41,476$35,248$29,866$14,045
16 years$52,721$44,626$37,604$31,561$26,396$11,672
17 years$49,105$41,099$34,218$28,357$23,404$9,720
18 years$45,894$37,977$31,237$25,556$20,810$8,110
19 years$43,024$35,197$28,596$23,092$18,548$6,776
20 years$40,444$32,707$26,244$20,914$16,568$5,668
21 years$38,113$30,465$24,139$18,981$14,826$4,746
22 years$35,997$28,438$22,248$17,258$13,290$3,978
23 years$34,068$26,597$20,542$15,717$11,930$3,336
24 years$32,302$24,920$18,998$14,335$10,723$2,800
25 years$30,680$23,386$17,596$13,091$9,649$2,351
26 years$29,185$21,979$16,319$11,970$8,691$1,974
27 years$27,803$20,685$15,154$10,957$7,836$1,659
28 years$26,523$19,491$14,088$10,039$7,070$1,394
29 years$25,332$18,388$13,110$9,206$6,384$1,172
30 years$24,223$17,365$12,211$8,448$5,769$986
31 years$23,188$16,416$11,384$7,759$5,215$829
32 years$22,219$15,533$10,622$7,131$4,718$697
33 years$21,311$14,710$9,917$6,557$4,270$586
34 years$20,458$13,942$9,266$6,033$3,866$493
35 years$19,656$13,223$8,663$5,554$3,501$415
36 years$18,900$12,551$8,104$5,115$3,172$349
37 years$18,186$11,921$7,586$4,713$2,875$294
38 years$17,512$11,329$7,104$4,344$2,607$247
39 years$16,874$10,773$6,655$4,005$2,364$208
40 years$16,269$10,249$6,238$3,694$2,144$175
41 years$15,695$9,756$5,849$3,409$1,945$147
42 years$15,150$9,292$5,487$3,146$1,765$124
43 years$14,632$8,853$5,149$2,904$1,602$104
44 years$14,139$8,439$4,833$2,681$1,454$88
45 years$13,669$8,047$4,538$2,476$1,320$74
46 years$13,221$7,677$4,262$2,287$1,198$62
47 years$12,793$7,326$4,004$2,113$1,088$52
48 years$12,384$6,994$3,763$1,953$988$44
49 years$11,993$6,678$3,537$1,805$898$37
50 years$11,619$6,379$3,325$1,668$815$31

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 $2,981 every year, while hoping to spend $42,484 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: 30/45/25 Blend
71$11,900,000$11,900,000$11,900,000$11,900,000
72$13,116,875$12,486,175$12,301,725$13,408,808
73$14,409,593$13,052,795$12,668,630$14,201,399
74$15,832,746$13,645,755$13,046,403$15,049,494
75$17,399,590$14,266,302$13,435,362$15,961,009
76$19,124,738$14,915,741$13,835,836$16,941,475
77$21,024,289$15,595,439$14,248,164$17,996,949
78$23,115,981$16,306,830$14,672,692$19,134,061
79$25,419,363$17,051,417$15,109,780$20,360,075
80$27,955,976$17,830,774$15,559,795$21,682,952
81$30,749,553$18,646,550$16,023,116$23,111,414
82$33,826,251$19,500,474$16,500,134$24,655,026
83$37,214,890$20,394,358$16,991,249$26,324,275
84$40,947,228$21,330,101$17,496,875$28,130,663
85$45,058,261$22,309,693$18,017,437$30,086,809
86$49,586,555$23,335,218$18,553,372$32,206,560
87$54,574,603$24,408,864$19,105,129$34,505,114
88$60,069,234$25,532,920$19,673,173$36,999,152
89$66,122,050$26,709,787$20,257,978$39,706,991
90$72,789,915$27,941,982$20,860,036$42,648,744
91$80,135,489$29,232,142$21,479,850$45,846,502
92$88,227,823$30,583,032$22,117,940$49,324,534
93$97,143,009$31,997,548$22,774,839$53,109,500
94$106,964,897$33,478,728$23,451,096$57,230,696
95$117,785,885$35,029,755$24,147,277$61,720,320
96$129,707,798$36,653,966$24,863,963$66,613,758
97$142,842,839$38,354,856$25,601,752$71,949,912
98$157,314,658$40,136,093$26,361,260$77,771,549
99$173,259,510$42,001,519$27,143,119$84,125,693
100$190,827,549$43,955,162$27,947,982$91,064,054