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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.6%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$970,173
2 years$502,833$493,468$484,392$475,592$467,057$456,337
3 years$331,892$322,487$313,434$304,717$296,320$285,860
4 years$246,438$237,062$228,100$219,531$211,338$201,218
5 years$195,180$185,859$177,015$168,621$160,656$150,905
6 years$161,018$151,768$143,054$134,848$127,121$117,753
7 years$136,627$127,455$118,879$110,866$103,384$94,401
8 years$118,342$109,252$100,818$93,002$85,767$77,169
9 years$104,127$95,124$86,835$79,217$72,228$64,012
10 years$92,762$83,847$75,705$68,286$61,542$53,702
11 years$83,470$74,644$66,649$59,429$52,928$45,458
12 years$75,732$66,996$59,149$52,128$45,866$38,758
13 years$69,189$60,545$52,846$46,021$39,996$33,242
14 years$63,586$55,034$47,482$40,852$35,061$28,650
15 years$58,735$50,274$42,870$36,433$30,870$24,794
16 years$54,494$46,126$38,868$32,622$27,283$21,531
17 years$50,755$42,480$35,369$29,310$24,191$18,752
18 years$47,436$39,254$32,287$26,415$21,510$16,373
19 years$44,470$36,380$29,557$23,868$19,172$14,326
20 years$41,804$33,806$27,126$21,617$17,125$12,558
21 years$39,395$31,489$24,951$19,619$15,325$11,026
22 years$37,207$29,394$22,996$17,838$13,736$9,694
23 years$35,213$27,491$21,233$16,245$12,331$8,534
24 years$33,388$25,758$19,637$14,817$11,083$7,520
25 years$31,711$24,172$18,187$13,531$9,973$6,633
26 years$30,166$22,718$16,868$12,372$8,983$5,855
27 years$28,738$21,380$15,663$11,325$8,099$5,172
28 years$27,414$20,147$14,561$10,376$7,308$4,572
29 years$26,184$19,006$13,550$9,515$6,599$4,043
30 years$25,037$17,949$12,622$8,732$5,963$3,578
31 years$23,967$16,968$11,767$8,020$5,391$3,167
32 years$22,966$16,055$10,979$7,371$4,876$2,804
33 years$22,027$15,204$10,251$6,778$4,413$2,484
34 years$21,146$14,410$9,578$6,236$3,996$2,201
35 years$20,317$13,668$8,955$5,741$3,619$1,951
36 years$19,535$12,973$8,377$5,287$3,279$1,730
37 years$18,798$12,321$7,841$4,871$2,972$1,534
38 years$18,101$11,710$7,342$4,490$2,694$1,360
39 years$17,441$11,135$6,879$4,140$2,443$1,206
40 years$16,816$10,594$6,448$3,819$2,216$1,070
41 years$16,223$10,084$6,046$3,523$2,010$950
42 years$15,660$9,604$5,671$3,251$1,824$843
43 years$15,124$9,151$5,322$3,001$1,656$748
44 years$14,614$8,722$4,995$2,771$1,503$664
45 years$14,128$8,318$4,690$2,559$1,364$589
46 years$13,665$7,935$4,405$2,364$1,239$523
47 years$13,223$7,572$4,139$2,184$1,125$464
48 years$12,800$7,229$3,889$2,018$1,022$412
49 years$12,396$6,903$3,656$1,865$928$366
50 years$12,009$6,594$3,437$1,724$843$325

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 $5,223 every year, while hoping to spend $20,065 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: 34/42/24 Blend
71$12,300,000$12,300,000$12,300,000$12,300,000
72$13,559,988$12,908,088$12,717,438$13,921,794
73$14,921,757$13,519,235$13,122,123$14,803,351
74$16,421,755$14,159,656$13,539,692$15,751,144
75$18,074,059$14,830,764$13,970,557$16,772,821
76$19,894,182$15,534,040$14,415,140$17,874,954
77$21,899,220$16,271,040$14,873,878$19,064,741
78$24,108,010$17,043,391$15,347,223$20,350,070
79$26,541,312$17,852,801$15,835,640$21,739,586
80$29,222,000$18,701,063$16,339,608$23,242,769
81$32,175,283$19,590,054$16,859,624$24,870,014
82$35,428,939$20,521,744$17,396,199$26,632,725
83$39,013,579$21,498,198$17,949,859$28,543,410
84$42,962,936$22,521,581$18,521,151$30,615,798
85$47,314,180$23,594,163$19,110,635$32,864,956
86$52,108,276$24,718,327$19,718,890$35,307,425
87$57,390,363$25,896,568$20,346,516$37,961,367
88$63,210,185$27,131,504$20,994,129$40,846,726
89$69,622,558$28,425,882$21,662,367$43,985,409
90$76,687,889$29,782,580$22,351,886$47,401,479
91$84,472,744$31,204,617$23,063,364$51,121,376
92$93,050,478$32,695,158$23,797,501$55,174,154
93$102,501,930$34,257,523$24,555,020$59,591,743
94$112,916,179$35,895,194$25,336,666$64,409,237
95$124,391,391$37,611,820$26,143,206$69,665,217
96$137,035,745$39,411,231$26,975,435$75,402,098
97$150,968,450$41,297,441$27,834,172$81,666,518
98$166,320,876$43,274,659$28,720,260$88,509,763
99$183,237,789$45,347,301$29,634,572$95,988,235
100$201,878,720$47,519,996$30,578,008$104,163,970