Can I retire at age 72 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$964,498
2 years$506,921$497,480$488,330$479,459$470,854$446,527
3 years$334,590$325,109$315,982$307,194$298,729$275,131
4 years$248,442$238,989$229,954$221,316$213,056$190,368
5 years$196,766$187,371$178,454$169,992$161,962$140,247
6 years$162,327$153,002$144,217$135,944$128,155$107,435
7 years$137,738$128,491$119,845$111,767$104,224$84,502
8 years$119,304$110,140$101,638$93,759$86,464$67,731
9 years$104,974$95,897$87,541$79,861$72,815$55,056
10 years$93,517$84,529$76,320$68,841$62,042$45,236
11 years$84,149$75,251$67,191$59,913$53,358$37,481
12 years$76,348$67,541$59,630$52,551$46,239$31,264
13 years$69,752$61,037$53,276$46,395$40,322$26,219
14 years$64,103$55,481$47,869$41,184$35,346$22,085
15 years$59,212$50,683$43,219$36,729$31,121$18,670
16 years$54,937$46,501$39,184$32,887$27,505$15,831
17 years$51,168$42,826$35,656$29,549$24,388$13,457
18 years$47,822$39,573$32,549$26,629$21,684$11,463
19 years$44,832$36,676$29,797$24,062$19,328$9,782
20 years$42,144$34,081$27,347$21,793$17,264$8,359
21 years$39,715$31,745$25,154$19,778$15,449$7,153
22 years$37,510$29,633$23,183$17,983$13,848$6,127
23 years$35,499$27,715$21,405$16,377$12,431$5,253
24 years$33,659$25,967$19,796$14,937$11,173$4,507
25 years$31,969$24,369$18,335$13,641$10,054$3,870
26 years$30,411$22,903$17,005$12,473$9,056$3,325
27 years$28,972$21,554$15,791$11,417$8,165$2,858
28 years$27,637$20,310$14,680$10,460$7,368$2,457
29 years$26,397$19,160$13,661$9,592$6,653$2,114
30 years$25,241$18,095$12,724$8,803$6,011$1,819
31 years$24,162$17,106$11,863$8,085$5,435$1,565
32 years$23,153$16,186$11,068$7,431$4,916$1,348
33 years$22,207$15,328$10,334$6,833$4,449$1,160
34 years$21,318$14,527$9,656$6,287$4,028$999
35 years$20,482$13,779$9,027$5,787$3,648$861
36 years$19,694$13,078$8,445$5,330$3,306$741
37 years$18,951$12,421$7,904$4,911$2,996$639
38 years$18,248$11,805$7,402$4,527$2,716$550
39 years$17,583$11,225$6,935$4,174$2,463$474
40 years$16,953$10,680$6,500$3,850$2,234$409
41 years$16,355$10,166$6,095$3,552$2,027$352
42 years$15,787$9,682$5,717$3,278$1,839$303
43 years$15,247$9,225$5,365$3,026$1,669$261
44 years$14,733$8,793$5,036$2,794$1,515$225
45 years$14,243$8,385$4,729$2,580$1,375$194
46 years$13,776$7,999$4,441$2,383$1,249$167
47 years$13,330$7,634$4,172$2,202$1,134$144
48 years$12,904$7,287$3,921$2,035$1,030$124
49 years$12,497$6,959$3,685$1,880$935$107
50 years$12,107$6,648$3,465$1,738$850$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $12,400,000, adding $4,763 every year, while hoping to spend $28,717 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: 36/47/17 Blend
71$12,400,000$12,400,000$12,400,000$12,400,000
72$13,669,713$13,012,513$12,820,313$14,090,751
73$15,033,469$13,619,572$13,219,239$15,003,489
74$16,535,366$14,255,413$13,630,566$15,985,142
75$18,189,463$14,921,419$14,054,680$17,044,296
76$20,011,254$15,619,034$14,491,978$18,187,880
77$22,017,812$16,349,777$14,942,869$19,423,488
78$24,227,949$17,115,236$15,407,775$20,759,441
79$26,662,396$17,917,078$15,887,132$22,204,861
80$29,343,997$18,757,052$16,381,388$23,769,752
81$32,297,926$19,636,989$16,891,005$25,465,086
82$35,551,922$20,558,809$17,416,461$27,302,897
83$39,136,553$21,524,525$17,958,248$29,296,391
84$43,085,504$22,536,250$18,516,872$31,460,063
85$47,435,895$23,596,195$19,092,856$33,809,821
86$52,228,628$24,706,681$19,686,739$36,363,131
87$57,508,781$25,870,141$20,299,077$39,139,172
88$63,326,022$27,089,124$20,930,442$42,159,009
89$69,735,090$28,366,305$21,581,426$45,445,777
90$76,796,302$29,704,486$22,252,637$49,024,897
91$84,576,127$31,106,608$22,944,702$52,924,296
92$93,147,813$32,575,752$23,658,270$57,174,668
93$102,592,075$34,115,149$24,394,007$61,809,743
94$112,997,862$35,728,187$25,152,601$66,866,601
95$124,463,193$37,418,417$25,934,763$72,386,005
96$137,096,084$39,189,565$26,741,223$78,412,770
97$151,015,565$41,045,535$27,572,735$84,996,176
98$166,352,808$42,990,421$28,430,076$92,190,417
99$183,252,359$45,028,517$29,314,049$100,055,096
100$201,873,510$47,164,323$30,225,479$108,655,770