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%16.3%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$963,326
2 years$506,921$497,480$488,330$479,459$470,854$445,366
3 years$334,590$325,109$315,982$307,194$298,729$274,017
4 years$248,442$238,989$229,954$221,316$213,056$189,310
5 years$196,766$187,371$178,454$169,992$161,962$139,248
6 years$162,327$153,002$144,217$135,944$128,155$106,496
7 years$137,738$128,491$119,845$111,767$104,224$83,621
8 years$119,304$110,140$101,638$93,759$86,464$66,907
9 years$104,974$95,897$87,541$79,861$72,815$54,288
10 years$93,517$84,529$76,320$68,841$62,042$44,522
11 years$84,149$75,251$67,191$59,913$53,358$36,819
12 years$76,348$67,541$59,630$52,551$46,239$30,651
13 years$69,752$61,037$53,276$46,395$40,322$25,653
14 years$64,103$55,481$47,869$41,184$35,346$21,564
15 years$59,212$50,683$43,219$36,729$31,121$18,192
16 years$54,937$46,501$39,184$32,887$27,505$15,392
17 years$51,168$42,826$35,656$29,549$24,388$13,055
18 years$47,822$39,573$32,549$26,629$21,684$11,096
19 years$44,832$36,676$29,797$24,062$19,328$9,448
20 years$42,144$34,081$27,347$21,793$17,264$8,056
21 years$39,715$31,745$25,154$19,778$15,449$6,877
22 years$37,510$29,633$23,183$17,983$13,848$5,877
23 years$35,499$27,715$21,405$16,377$12,431$5,027
24 years$33,659$25,967$19,796$14,937$11,173$4,303
25 years$31,969$24,369$18,335$13,641$10,054$3,686
26 years$30,411$22,903$17,005$12,473$9,056$3,159
27 years$28,972$21,554$15,791$11,417$8,165$2,709
28 years$27,637$20,310$14,680$10,460$7,368$2,323
29 years$26,397$19,160$13,661$9,592$6,653$1,994
30 years$25,241$18,095$12,724$8,803$6,011$1,711
31 years$24,162$17,106$11,863$8,085$5,435$1,469
32 years$23,153$16,186$11,068$7,431$4,916$1,261
33 years$22,207$15,328$10,334$6,833$4,449$1,083
34 years$21,318$14,527$9,656$6,287$4,028$931
35 years$20,482$13,779$9,027$5,787$3,648$800
36 years$19,694$13,078$8,445$5,330$3,306$687
37 years$18,951$12,421$7,904$4,911$2,996$590
38 years$18,248$11,805$7,402$4,527$2,716$507
39 years$17,583$11,225$6,935$4,174$2,463$436
40 years$16,953$10,680$6,500$3,850$2,234$375
41 years$16,355$10,166$6,095$3,552$2,027$322
42 years$15,787$9,682$5,717$3,278$1,839$277
43 years$15,247$9,225$5,365$3,026$1,669$238
44 years$14,733$8,793$5,036$2,794$1,515$205
45 years$14,243$8,385$4,729$2,580$1,375$176
46 years$13,776$7,999$4,441$2,383$1,249$151
47 years$13,330$7,634$4,172$2,202$1,134$130
48 years$12,904$7,287$3,921$2,035$1,030$112
49 years$12,497$6,959$3,685$1,880$935$96
50 years$12,107$6,648$3,465$1,738$850$83

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 $5,066 every year, while hoping to spend $39,000 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: 72/17/11 Blend
71$12,400,000$12,400,000$12,400,000$12,400,000
72$13,670,026$13,012,826$12,820,626$14,623,989
73$15,022,872$13,608,958$13,208,621$15,851,802
74$16,512,403$14,232,994$13,608,307$17,190,489
75$18,152,517$14,886,260$14,020,034$18,655,240
76$19,958,531$15,570,145$14,444,163$20,258,498
77$21,947,325$16,286,106$14,881,066$22,013,955
78$24,137,496$17,035,669$15,331,126$23,936,686
79$26,549,538$17,820,434$15,794,736$26,043,279
80$29,206,034$18,642,078$16,272,303$28,352,000
81$32,131,869$19,502,359$16,764,244$30,882,953
82$35,354,463$20,403,118$17,270,990$33,658,273
83$38,904,034$21,346,287$17,792,984$36,702,331
84$42,813,879$22,333,888$18,330,682$40,041,958
85$47,120,689$23,368,044$18,884,555$43,706,698
86$51,864,898$24,450,976$19,455,086$47,729,085
87$57,091,060$25,585,016$20,042,773$52,144,943
88$62,848,272$26,772,606$20,648,130$56,993,721
89$69,190,639$28,016,307$21,271,686$62,318,864
90$76,177,780$29,318,802$21,913,983$68,168,219
91$83,875,395$30,682,905$22,575,583$74,594,478
92$92,355,882$32,111,564$23,257,062$81,655,678
93$101,699,023$33,607,871$23,959,014$89,415,739
94$111,992,734$35,175,067$24,682,052$97,945,065
95$123,333,896$36,816,549$25,426,804$107,321,203
96$135,829,270$38,535,877$26,193,919$117,629,571
97$149,596,506$40,336,785$26,984,065$128,964,258
98$164,765,247$42,223,185$27,797,929$141,428,906
99$181,478,362$44,199,181$28,636,219$155,137,683
100$199,893,288$46,269,073$29,499,665$170,216,356