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%16.8%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$961,382
2 years$506,921$497,480$488,330$479,459$470,854$443,442
3 years$334,590$325,109$315,982$307,194$298,729$272,175
4 years$248,442$238,989$229,954$221,316$213,056$187,563
5 years$196,766$187,371$178,454$169,992$161,962$137,601
6 years$162,327$153,002$144,217$135,944$128,155$104,948
7 years$137,738$128,491$119,845$111,767$104,224$82,173
8 years$119,304$110,140$101,638$93,759$86,464$65,556
9 years$104,974$95,897$87,541$79,861$72,815$53,031
10 years$93,517$84,529$76,320$68,841$62,042$43,356
11 years$84,149$75,251$67,191$59,913$53,358$35,740
12 years$76,348$67,541$59,630$52,551$46,239$29,655
13 years$69,752$61,037$53,276$46,395$40,322$24,736
14 years$64,103$55,481$47,869$41,184$35,346$20,722
15 years$59,212$50,683$43,219$36,729$31,121$17,420
16 years$54,937$46,501$39,184$32,887$27,505$14,686
17 years$51,168$42,826$35,656$29,549$24,388$12,412
18 years$47,822$39,573$32,549$26,629$21,684$10,510
19 years$44,832$36,676$29,797$24,062$19,328$8,915
20 years$42,144$34,081$27,347$21,793$17,264$7,573
21 years$39,715$31,745$25,154$19,778$15,449$6,440
22 years$37,510$29,633$23,183$17,983$13,848$5,482
23 years$35,499$27,715$21,405$16,377$12,431$4,671
24 years$33,659$25,967$19,796$14,937$11,173$3,982
25 years$31,969$24,369$18,335$13,641$10,054$3,398
26 years$30,411$22,903$17,005$12,473$9,056$2,900
27 years$28,972$21,554$15,791$11,417$8,165$2,477
28 years$27,637$20,310$14,680$10,460$7,368$2,116
29 years$26,397$19,160$13,661$9,592$6,653$1,808
30 years$25,241$18,095$12,724$8,803$6,011$1,545
31 years$24,162$17,106$11,863$8,085$5,435$1,321
32 years$23,153$16,186$11,068$7,431$4,916$1,130
33 years$22,207$15,328$10,334$6,833$4,449$966
34 years$21,318$14,527$9,656$6,287$4,028$827
35 years$20,482$13,779$9,027$5,787$3,648$707
36 years$19,694$13,078$8,445$5,330$3,306$605
37 years$18,951$12,421$7,904$4,911$2,996$518
38 years$18,248$11,805$7,402$4,527$2,716$443
39 years$17,583$11,225$6,935$4,174$2,463$379
40 years$16,953$10,680$6,500$3,850$2,234$325
41 years$16,355$10,166$6,095$3,552$2,027$278
42 years$15,787$9,682$5,717$3,278$1,839$238
43 years$15,247$9,225$5,365$3,026$1,669$204
44 years$14,733$8,793$5,036$2,794$1,515$174
45 years$14,243$8,385$4,729$2,580$1,375$149
46 years$13,776$7,999$4,441$2,383$1,249$128
47 years$13,330$7,634$4,172$2,202$1,134$109
48 years$12,904$7,287$3,921$2,035$1,030$94
49 years$12,497$6,959$3,685$1,880$935$80
50 years$12,107$6,648$3,465$1,738$850$69

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 $4,529 every year, while hoping to spend $51,697 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: 41/31/28 Blend
71$12,400,000$12,400,000$12,400,000$12,400,000
72$13,669,472$13,012,272$12,820,072$14,117,163
73$15,008,753$13,594,868$13,194,539$15,024,057
74$16,482,907$14,204,278$13,579,818$15,999,891
75$18,105,639$14,841,763$13,976,217$17,055,206
76$19,892,045$15,508,641$14,384,051$18,197,343
77$21,858,764$16,206,294$14,803,647$19,434,365
78$24,024,126$16,936,170$15,235,337$20,775,120
79$26,408,332$17,699,788$15,679,466$22,229,329
80$29,033,639$18,498,735$16,136,386$23,807,667
81$31,924,576$19,334,678$16,606,460$25,521,863
82$35,108,167$20,209,362$17,090,061$27,384,804
83$38,614,194$21,124,615$17,587,572$29,410,650
84$42,475,473$22,082,352$18,099,387$31,614,965
85$46,728,165$23,084,582$18,625,911$34,014,859
86$51,412,119$24,133,406$19,167,559$36,629,139
87$56,571,242$25,231,031$19,724,759$39,478,486
88$62,253,921$26,379,763$20,297,951$42,585,638
89$68,513,474$27,582,025$20,887,586$45,975,605
90$75,408,656$28,840,352$21,494,128$49,675,891
91$83,004,211$30,157,401$22,118,053$53,716,752
92$91,371,485$31,535,958$22,759,852$58,131,471
93$100,589,097$32,978,940$23,420,027$62,956,665
94$110,743,683$34,489,407$24,099,097$68,232,622
95$121,930,715$36,070,564$24,797,592$74,003,674
96$134,255,395$37,725,769$25,516,059$80,318,605
97$147,833,657$39,458,543$26,255,058$87,231,102
98$162,793,254$41,272,576$27,015,167$94,800,255
99$179,274,968$43,171,734$27,796,977$103,091,100
100$197,433,936$45,160,070$28,601,097$112,175,226