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%19.6%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$973,689
2 years$519,185$509,516$500,145$491,059$482,246$443,392
3 years$342,685$332,974$323,627$314,626$305,956$268,499
4 years$254,453$244,771$235,517$226,670$218,211$182,435
5 years$201,527$191,904$182,771$174,105$165,880$131,877
6 years$166,255$156,704$147,706$139,233$131,255$99,049
7 years$141,070$131,600$122,745$114,471$106,746$76,325
8 years$122,190$112,805$104,097$96,027$88,556$59,891
9 years$107,513$98,217$89,659$81,794$74,577$47,627
10 years$95,779$86,574$78,167$70,507$63,543$38,257
11 years$86,184$77,071$68,817$61,362$54,649$30,970
12 years$78,195$69,175$61,073$53,823$47,358$25,224
13 years$71,439$62,514$54,565$47,517$41,297$20,643
14 years$65,654$56,824$49,027$42,181$36,201$16,960
15 years$60,645$51,909$44,264$37,618$31,874$13,977
16 years$56,266$47,626$40,132$33,683$28,170$11,548
17 years$52,406$43,862$36,519$30,264$24,978$9,560
18 years$48,979$40,530$33,337$27,274$22,209$7,929
19 years$45,916$37,563$30,518$24,644$19,795$6,584
20 years$43,163$34,905$28,008$22,320$17,682$5,474
21 years$40,676$32,513$25,762$20,257$15,823$4,556
22 years$38,417$30,350$23,744$18,418$14,183$3,794
23 years$36,358$28,385$21,923$16,774$12,732$3,162
24 years$34,474$26,595$20,275$15,299$11,443$2,637
25 years$32,743$24,958$18,779$13,972$10,297$2,200
26 years$31,147$23,457$17,417$12,775$9,276$1,836
27 years$29,672$22,076$16,173$11,693$8,363$1,533
28 years$28,306$20,802$15,035$10,713$7,546$1,280
29 years$27,035$19,624$13,991$9,824$6,814$1,069
30 years$25,852$18,533$13,032$9,016$6,157$893
31 years$24,747$17,520$12,150$8,281$5,566$746
32 years$23,713$16,577$11,336$7,610$5,035$623
33 years$22,744$15,699$10,584$6,998$4,557$521
34 years$21,834$14,879$9,889$6,439$4,126$435
35 years$20,977$14,112$9,246$5,927$3,737$364
36 years$20,171$13,395$8,649$5,459$3,386$304
37 years$19,409$12,722$8,095$5,030$3,068$254
38 years$18,689$12,090$7,581$4,636$2,782$213
39 years$18,008$11,497$7,103$4,275$2,523$178
40 years$17,363$10,938$6,657$3,943$2,288$149
41 years$16,751$10,412$6,242$3,638$2,076$124
42 years$16,169$9,916$5,856$3,357$1,884$104
43 years$15,616$9,448$5,495$3,099$1,710$87
44 years$15,089$9,006$5,158$2,861$1,552$73
45 years$14,588$8,588$4,843$2,643$1,409$61
46 years$14,109$8,193$4,549$2,441$1,279$51
47 years$13,653$7,818$4,273$2,255$1,161$42
48 years$13,216$7,464$4,016$2,084$1,055$35
49 years$12,799$7,127$3,775$1,926$958$30
50 years$12,400$6,808$3,549$1,780$870$25

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 $5,118 every year, while hoping to spend $43,954 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: 46/25/29 Blend
71$12,700,000$12,700,000$12,700,000$12,700,000
72$14,000,679$13,327,579$13,130,729$14,527,495
73$15,381,982$13,933,864$13,523,842$15,508,110
74$16,902,704$14,568,383$13,928,651$16,566,826
75$18,577,020$15,232,475$14,345,501$17,714,769
76$20,420,550$15,927,539$14,774,749$18,960,332
77$22,450,502$16,655,045$15,216,759$20,312,732
78$24,685,842$17,416,531$15,671,909$21,782,100
79$27,147,466$18,213,609$16,140,586$23,379,569
80$29,858,402$19,047,970$16,623,190$25,117,373
81$32,844,022$19,921,384$17,120,130$27,008,963
82$36,132,288$20,835,707$17,631,830$29,069,127
83$39,754,010$21,792,885$18,158,725$31,314,122
84$43,743,138$22,794,956$18,701,261$33,761,829
85$48,137,085$23,844,056$19,259,901$36,431,910
86$52,977,078$24,942,425$19,835,117$39,345,995
87$58,308,545$26,092,409$20,427,399$42,527,873
88$64,181,548$27,296,468$21,037,248$46,003,717
89$70,651,251$28,557,180$21,665,181$49,802,323
90$77,778,444$29,877,247$22,311,730$53,955,375
91$85,630,115$31,259,502$22,977,443$58,497,736
92$94,280,082$32,706,913$23,662,882$63,467,775
93$103,809,690$34,222,591$24,368,629$68,907,716
94$114,308,578$35,809,798$25,095,278$74,864,034
95$125,875,528$37,471,953$25,843,445$81,387,884
96$138,619,392$39,212,639$26,613,760$88,535,574
97$152,660,124$41,035,613$27,406,875$96,369,093
98$168,129,910$42,944,810$28,223,458$104,956,679
99$185,174,415$44,944,360$29,064,198$114,373,464
100$203,954,159$47,038,589$29,929,804$124,702,166