Can I retire at age 72 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$975,456
2 years$502,833$493,468$484,392$475,592$467,057$461,645
3 years$331,892$322,487$313,434$304,717$296,320$291,027
4 years$246,438$237,062$228,100$219,531$211,338$206,205
5 years$195,180$185,859$177,015$168,621$160,656$155,698
6 years$161,018$151,768$143,054$134,848$127,121$122,345
7 years$136,627$127,455$118,879$110,866$103,384$98,791
8 years$118,342$109,252$100,818$93,002$85,767$81,358
9 years$104,127$95,124$86,835$79,217$72,228$68,002
10 years$92,762$83,847$75,705$68,286$61,542$57,496
11 years$83,470$74,644$66,649$59,429$52,928$49,061
12 years$75,732$66,996$59,149$52,128$45,866$42,174
13 years$69,189$60,545$52,846$46,021$39,996$36,475
14 years$63,586$55,034$47,482$40,852$35,061$31,707
15 years$58,735$50,274$42,870$36,433$30,870$27,679
16 years$54,494$46,126$38,868$32,622$27,283$24,251
17 years$50,755$42,480$35,369$29,310$24,191$21,313
18 years$47,436$39,254$32,287$26,415$21,510$18,780
19 years$44,470$36,380$29,557$23,868$19,172$16,587
20 years$41,804$33,806$27,126$21,617$17,125$14,678
21 years$39,395$31,489$24,951$19,619$15,325$13,012
22 years$37,207$29,394$22,996$17,838$13,736$11,553
23 years$35,213$27,491$21,233$16,245$12,331$10,270
24 years$33,388$25,758$19,637$14,817$11,083$9,141
25 years$31,711$24,172$18,187$13,531$9,973$8,145
26 years$30,166$22,718$16,868$12,372$8,983$7,263
27 years$28,738$21,380$15,663$11,325$8,099$6,482
28 years$27,414$20,147$14,561$10,376$7,308$5,790
29 years$26,184$19,006$13,550$9,515$6,599$5,174
30 years$25,037$17,949$12,622$8,732$5,963$4,627
31 years$23,967$16,968$11,767$8,020$5,391$4,139
32 years$22,966$16,055$10,979$7,371$4,876$3,705
33 years$22,027$15,204$10,251$6,778$4,413$3,318
34 years$21,146$14,410$9,578$6,236$3,996$2,972
35 years$20,317$13,668$8,955$5,741$3,619$2,663
36 years$19,535$12,973$8,377$5,287$3,279$2,387
37 years$18,798$12,321$7,841$4,871$2,972$2,140
38 years$18,101$11,710$7,342$4,490$2,694$1,919
39 years$17,441$11,135$6,879$4,140$2,443$1,721
40 years$16,816$10,594$6,448$3,819$2,216$1,544
41 years$16,223$10,084$6,046$3,523$2,010$1,385
42 years$15,660$9,604$5,671$3,251$1,824$1,243
43 years$15,124$9,151$5,322$3,001$1,656$1,115
44 years$14,614$8,722$4,995$2,771$1,503$1,001
45 years$14,128$8,318$4,690$2,559$1,364$899
46 years$13,665$7,935$4,405$2,364$1,239$807
47 years$13,223$7,572$4,139$2,184$1,125$724
48 years$12,800$7,229$3,889$2,018$1,022$650
49 years$12,396$6,903$3,656$1,865$928$584
50 years$12,009$6,594$3,437$1,724$843$524

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $12,300,000, adding $3,306 every year, while hoping to spend $32,311 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: 62/21/17 Blend
71$12,300,000$12,300,000$12,300,000$12,300,000
72$13,558,010$12,906,110$12,715,460$14,340,234
73$14,906,549$13,504,131$13,107,049$15,465,142
74$16,391,555$14,130,372$13,510,674$16,688,713
75$18,026,915$14,786,181$13,926,703$18,023,707
76$19,827,929$15,472,973$14,355,517$19,480,957
77$21,811,459$16,192,230$14,797,507$21,072,379
78$23,996,082$16,945,504$15,253,078$22,811,078
79$26,402,273$17,734,423$15,722,646$24,711,476
80$29,052,590$18,560,696$16,206,641$26,789,437
81$31,971,895$19,426,110$16,705,503$29,062,419
82$35,187,580$20,332,542$17,219,690$31,549,632
83$38,729,834$21,281,957$17,749,670$34,272,216
84$42,631,921$22,276,417$18,295,928$37,253,440
85$46,930,498$23,318,082$18,858,963$40,518,911
86$51,665,958$24,409,218$19,439,288$44,096,818
87$56,882,815$25,552,198$20,037,433$48,018,189
88$62,630,119$26,749,513$20,653,944$52,317,184
89$68,961,924$28,003,772$21,289,384$57,031,408
90$75,937,794$29,317,711$21,944,332$62,202,261
91$83,623,368$30,694,198$22,619,386$67,875,328
92$92,090,979$32,136,240$23,315,163$74,100,800
93$101,420,333$33,646,991$24,032,295$80,933,943
94$111,699,268$35,229,754$24,771,438$88,435,612
95$123,024,577$36,887,996$25,533,265$96,672,825
96$135,502,926$38,625,349$26,318,471$105,719,379
97$149,251,855$40,445,623$27,127,771$115,656,551
98$164,400,896$42,352,810$27,961,903$126,573,850
99$181,092,788$44,351,098$28,821,627$138,569,856
100$199,484,827$46,444,877$29,707,726$151,753,147