Can I retire at age 72 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$992,186
2 years$515,097$505,504$496,207$487,192$478,448$465,815
3 years$339,987$330,352$321,079$312,149$303,547$291,229
4 years$252,449$242,844$233,663$224,886$216,493$204,583
5 years$199,940$190,393$181,332$172,734$164,574$153,109
6 years$164,946$155,470$146,543$138,137$130,222$119,214
7 years$139,959$130,563$121,778$113,570$105,905$95,360
8 years$121,228$111,917$103,277$95,271$87,859$77,774
9 years$106,667$97,444$88,953$81,150$73,990$64,362
10 years$95,025$85,892$77,551$69,952$63,043$53,865
11 years$85,506$76,465$68,275$60,879$54,219$45,483
12 years$77,579$68,630$60,592$53,399$46,985$38,681
13 years$70,877$62,022$54,135$47,143$40,972$33,090
14 years$65,137$56,376$48,641$41,849$35,916$28,444
15 years$60,167$51,501$43,916$37,322$31,623$24,548
16 years$55,823$47,251$39,816$33,417$27,949$21,259
17 years$51,993$43,516$36,231$30,025$24,781$18,463
18 years$48,593$40,211$33,074$27,059$22,034$16,074
19 years$45,555$37,267$30,278$24,450$19,640$14,024
20 years$42,823$34,630$27,788$22,144$17,542$12,257
21 years$40,355$32,257$25,559$20,097$15,698$10,730
22 years$38,115$30,111$23,557$18,273$14,071$9,405
23 years$36,072$28,162$21,751$16,642$12,631$8,254
24 years$34,202$26,386$20,116$15,178$11,353$7,251
25 years$32,485$24,762$18,631$13,862$10,216$6,376
26 years$30,902$23,272$17,279$12,674$9,202$5,610
27 years$29,439$21,902$16,045$11,601$8,297$4,940
28 years$28,083$20,638$14,916$10,629$7,486$4,353
29 years$26,822$19,470$13,881$9,747$6,760$3,837
30 years$25,648$18,387$12,930$8,945$6,108$3,384
31 years$24,552$17,382$12,054$8,216$5,522$2,986
32 years$23,526$16,447$11,246$7,550$4,995$2,635
33 years$22,565$15,575$10,501$6,943$4,521$2,327
34 years$21,662$14,762$9,811$6,388$4,093$2,055
35 years$20,812$14,001$9,173$5,881$3,707$1,815
36 years$20,012$13,289$8,581$5,416$3,359$1,604
37 years$19,256$12,622$8,032$4,990$3,044$1,417
38 years$18,542$11,995$7,521$4,600$2,760$1,252
39 years$17,867$11,406$7,047$4,241$2,503$1,107
40 years$17,226$10,852$6,605$3,912$2,270$979
41 years$16,619$10,330$6,193$3,609$2,060$865
42 years$16,042$9,838$5,810$3,331$1,869$765
43 years$15,493$9,374$5,451$3,075$1,696$677
44 years$14,971$8,935$5,117$2,839$1,540$599
45 years$14,473$8,520$4,805$2,622$1,398$529
46 years$13,998$8,128$4,513$2,422$1,269$468
47 years$13,545$7,757$4,240$2,237$1,152$414
48 years$13,112$7,405$3,984$2,068$1,046$366
49 years$12,698$7,071$3,745$1,911$950$324
50 years$12,302$6,755$3,521$1,766$863$287

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $12,600,000, adding $6,383 every year, while hoping to spend $24,530 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: 44/38/18 Blend
71$12,600,000$12,600,000$12,600,000$12,600,000
72$13,891,784$13,223,984$13,028,684$14,430,461
73$15,282,646$13,845,860$13,439,045$15,431,366
74$16,814,554$14,497,385$13,862,331$16,512,670
75$18,501,869$15,179,987$14,298,950$17,684,197
76$20,360,415$15,895,161$14,749,320$18,954,295
77$22,407,630$16,644,477$15,213,875$20,332,125
78$24,662,731$17,429,579$15,693,062$21,827,743
79$27,146,892$18,252,191$16,187,342$23,452,190
80$29,883,447$19,114,120$16,697,190$25,217,589
81$32,898,109$20,017,262$17,223,096$27,137,254
82$36,219,213$20,963,605$17,765,567$29,225,811
83$39,877,982$21,955,232$18,325,123$31,499,328
84$43,908,825$22,994,327$18,902,304$33,975,458
85$48,349,658$24,083,181$19,497,663$36,673,603
86$53,242,263$25,224,197$20,111,775$39,615,087
87$58,632,683$26,419,892$20,745,228$42,823,349
88$64,571,657$27,672,907$21,398,634$46,324,156
89$71,115,097$28,986,010$22,072,619$50,145,841
90$78,324,617$30,362,105$22,767,832$54,319,557
91$86,268,116$31,804,236$23,484,942$58,879,564
92$95,020,414$33,315,594$24,224,639$63,863,542
93$104,663,965$34,899,527$24,987,633$69,312,937
94$115,289,630$36,559,544$25,774,659$75,273,342
95$126,997,535$38,299,325$26,586,473$81,794,914
96$139,898,021$40,122,729$27,423,857$88,932,838
97$154,112,678$42,033,801$28,287,615$96,747,834
98$169,775,499$44,036,786$29,178,578$105,306,719
99$187,034,143$46,136,131$30,097,603$114,683,022
100$206,051,327$48,336,504$31,045,575$124,957,665