Can I retire at age 72 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,007,465$998,491$989,735$981,190$972,845$947,789
2 years$498,745$489,456$480,454$471,726$463,260$438,182
3 years$329,194$319,865$310,886$302,239$293,911$269,598
4 years$244,435$235,135$226,245$217,746$209,620$186,257
5 years$193,593$184,348$175,575$167,250$159,350$137,002
6 years$159,709$150,534$141,891$133,751$126,088$104,778
7 years$135,516$126,419$117,912$109,964$102,543$82,272
8 years$117,379$108,364$99,999$92,246$85,069$65,828
9 years$103,281$94,350$86,129$78,573$71,641$53,412
10 years$92,008$83,165$75,089$67,731$61,042$43,804
11 years$82,791$74,037$66,107$58,946$52,498$36,225
12 years$75,116$66,452$58,669$51,704$45,493$30,157
13 years$68,627$60,053$52,416$45,647$39,671$25,240
14 years$63,069$54,586$47,096$40,520$34,776$21,216
15 years$58,257$49,866$42,522$36,137$30,619$17,898
16 years$54,051$45,751$38,552$32,357$27,061$15,144
17 years$50,343$42,135$35,081$29,072$23,994$12,845
18 years$47,051$38,934$32,024$26,200$21,335$10,917
19 years$44,109$36,084$29,317$23,674$19,016$9,295
20 years$41,464$33,531$26,906$21,441$16,986$7,926
21 years$39,074$31,233$24,748$19,459$15,200$6,766
22 years$36,905$29,155$22,809$17,693$13,625$5,782
23 years$34,927$27,268$21,060$16,113$12,230$4,946
24 years$33,116$25,548$19,477$14,696$10,993$4,234
25 years$31,453$23,976$18,040$13,421$9,892$3,626
26 years$29,921$22,533$16,731$12,272$8,910$3,108
27 years$28,504$21,206$15,536$11,233$8,033$2,665
28 years$27,191$19,983$14,443$10,292$7,249$2,286
29 years$25,971$18,851$13,440$9,438$6,545$1,961
30 years$24,834$17,803$12,519$8,661$5,914$1,684
31 years$23,772$16,830$11,671$7,955$5,347$1,445
32 years$22,779$15,925$10,889$7,311$4,837$1,241
33 years$21,848$15,081$10,167$6,723$4,377$1,066
34 years$20,974$14,293$9,500$6,186$3,963$916
35 years$20,152$13,557$8,882$5,694$3,590$787
36 years$19,376$12,867$8,309$5,244$3,252$676
37 years$18,645$12,221$7,777$4,832$2,948$581
38 years$17,954$11,614$7,283$4,454$2,672$499
39 years$17,299$11,044$6,823$4,106$2,423$429
40 years$16,679$10,508$6,395$3,788$2,198$369
41 years$16,091$10,002$5,997$3,495$1,994$317
42 years$15,532$9,526$5,625$3,225$1,809$272
43 years$15,001$9,076$5,278$2,977$1,642$234
44 years$14,495$8,651$4,955$2,749$1,491$201
45 years$14,013$8,250$4,652$2,539$1,353$173
46 years$13,554$7,870$4,370$2,345$1,229$149
47 years$13,115$7,511$4,105$2,166$1,116$128
48 years$12,696$7,170$3,858$2,002$1,013$110
49 years$12,295$6,847$3,626$1,850$920$95
50 years$11,911$6,540$3,409$1,710$836$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $12,200,000, adding $2,138 every year, while hoping to spend $53,200 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: 34/43/23 Blend
71$12,200,000$12,200,000$12,200,000$12,200,000
72$13,446,605$12,800,005$12,610,905$13,809,408
73$14,761,555$13,370,601$12,976,766$14,650,170
74$16,208,846$13,967,373$13,353,101$15,551,197
75$17,801,922$14,591,548$13,740,203$16,521,770
76$19,555,594$15,244,410$14,138,376$17,568,091
77$21,486,184$15,927,305$14,547,931$18,696,955
78$23,611,675$16,641,644$14,969,187$19,915,814
79$25,951,885$17,388,903$15,402,474$21,232,836
80$28,528,648$18,170,631$15,848,127$22,656,982
81$31,366,026$18,988,447$16,306,495$24,198,080
82$34,490,531$19,844,051$16,777,933$25,866,915
83$37,931,378$20,739,223$17,262,807$27,675,324
84$41,720,761$21,675,827$17,761,493$29,636,298
85$45,894,152$22,655,817$18,274,377$31,764,102
86$50,490,643$23,681,239$18,801,856$34,074,401
87$55,553,307$24,754,238$19,344,337$36,584,397
88$61,129,610$25,877,062$19,902,238$39,312,989
89$67,271,857$27,052,064$20,475,990$42,280,939
90$74,037,684$28,281,714$21,066,034$45,511,059
91$81,490,605$29,568,595$21,672,823$49,028,422
92$89,700,608$30,915,417$22,296,824$52,860,583
93$98,744,817$32,325,020$22,938,514$57,037,833
94$108,708,220$33,800,377$23,598,386$61,593,476
95$119,684,470$35,344,607$24,276,943$66,564,126
96$131,776,770$36,960,977$24,974,705$71,990,050
97$145,098,846$38,652,910$25,692,203$77,915,530
98$159,776,020$40,423,994$26,429,983$84,389,268
99$175,946,394$42,277,990$27,188,608$91,464,841
100$193,762,153$44,218,838$27,968,653$99,201,182