Can I retire at age 72 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$989,037
2 years$519,185$509,516$500,145$491,059$482,246$458,524
3 years$342,685$332,974$323,627$314,626$305,956$282,934
4 years$254,453$244,771$235,517$226,670$218,211$196,064
5 years$201,527$191,904$182,771$174,105$165,880$144,671
6 years$166,255$156,704$147,706$139,233$131,255$111,006
7 years$141,070$131,600$122,745$114,471$106,746$87,459
8 years$122,190$112,805$104,097$96,027$88,556$70,224
9 years$107,513$98,217$89,659$81,794$74,577$57,185
10 years$95,779$86,574$78,167$70,507$63,543$47,073
11 years$86,184$77,071$68,817$61,362$54,649$39,078
12 years$78,195$69,175$61,073$53,823$47,358$32,660
13 years$71,439$62,514$54,565$47,517$41,297$27,445
14 years$65,654$56,824$49,027$42,181$36,201$23,165
15 years$60,645$51,909$44,264$37,618$31,874$19,624
16 years$56,266$47,626$40,132$33,683$28,170$16,676
17 years$52,406$43,862$36,519$30,264$24,978$14,206
18 years$48,979$40,530$33,337$27,274$22,209$12,128
19 years$45,916$37,563$30,518$24,644$19,795$10,372
20 years$43,163$34,905$28,008$22,320$17,682$8,884
21 years$40,676$32,513$25,762$20,257$15,823$7,619
22 years$38,417$30,350$23,744$18,418$14,183$6,542
23 years$36,358$28,385$21,923$16,774$12,732$5,622
24 years$34,474$26,595$20,275$15,299$11,443$4,835
25 years$32,743$24,958$18,779$13,972$10,297$4,162
26 years$31,147$23,457$17,417$12,775$9,276$3,584
27 years$29,672$22,076$16,173$11,693$8,363$3,088
28 years$28,306$20,802$15,035$10,713$7,546$2,662
29 years$27,035$19,624$13,991$9,824$6,814$2,295
30 years$25,852$18,533$13,032$9,016$6,157$1,980
31 years$24,747$17,520$12,150$8,281$5,566$1,708
32 years$23,713$16,577$11,336$7,610$5,035$1,474
33 years$22,744$15,699$10,584$6,998$4,557$1,272
34 years$21,834$14,879$9,889$6,439$4,126$1,099
35 years$20,977$14,112$9,246$5,927$3,737$949
36 years$20,171$13,395$8,649$5,459$3,386$819
37 years$19,409$12,722$8,095$5,030$3,068$708
38 years$18,689$12,090$7,581$4,636$2,782$611
39 years$18,008$11,497$7,103$4,275$2,523$528
40 years$17,363$10,938$6,657$3,943$2,288$456
41 years$16,751$10,412$6,242$3,638$2,076$394
42 years$16,169$9,916$5,856$3,357$1,884$340
43 years$15,616$9,448$5,495$3,099$1,710$294
44 years$15,089$9,006$5,158$2,861$1,552$254
45 years$14,588$8,588$4,843$2,643$1,409$220
46 years$14,109$8,193$4,549$2,441$1,279$190
47 years$13,653$7,818$4,273$2,255$1,161$164
48 years$13,216$7,464$4,016$2,084$1,055$142
49 years$12,799$7,127$3,775$1,926$958$122
50 years$12,400$6,808$3,549$1,780$870$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $12,700,000, adding $4,615 every year, while hoping to spend $53,790 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: 75/5/20 Blend
71$12,700,000$12,700,000$12,700,000$12,700,000
72$14,000,160$13,327,060$13,130,210$14,983,744
73$15,370,945$13,922,854$13,512,840$16,232,345
74$16,879,746$14,546,039$13,906,485$17,593,577
75$18,540,586$15,197,900$14,311,458$19,084,318
76$20,368,912$15,879,785$14,728,079$20,717,475
77$22,381,750$16,593,103$15,156,679$22,507,260
78$24,597,856$17,339,333$15,597,595$24,469,323
79$27,037,900$18,120,023$16,051,177$26,620,903
80$29,724,657$18,936,795$16,517,782$28,980,980
81$32,683,223$19,791,349$16,997,779$31,570,464
82$35,941,253$20,685,465$17,491,545$34,412,381
83$39,529,218$21,621,010$17,999,469$37,532,095
84$43,480,697$22,599,939$18,521,951$40,957,545
85$47,832,691$23,624,299$19,059,399$44,719,504
86$52,625,973$24,696,237$19,612,237$48,851,870
87$57,905,472$25,818,002$20,180,896$53,391,985
88$63,720,696$26,991,951$20,765,822$58,380,984
89$70,126,203$28,220,552$21,367,473$63,864,183
90$77,182,110$29,506,394$21,986,318$69,891,502
91$84,954,666$30,852,187$22,622,840$76,517,936
92$93,516,871$32,260,774$23,277,534$83,804,075
93$102,949,172$33,735,131$23,950,911$91,816,666
94$113,340,215$35,278,380$24,643,494$100,629,251
95$124,787,686$36,893,790$25,355,821$110,322,848
96$137,399,233$38,584,789$26,088,444$120,986,723
97$151,293,478$40,354,967$26,841,930$132,719,224
98$166,601,142$42,208,089$27,616,864$145,628,708
99$183,466,272$44,148,100$28,413,843$159,834,562
100$202,047,609$46,179,133$29,233,483$175,468,330