Can I retire at age 72 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$980,580
2 years$523,273$513,528$504,083$494,925$486,043$446,124
3 years$345,384$335,596$326,175$317,104$308,366$269,894
4 years$256,456$246,699$237,372$228,455$219,929$183,198
5 years$203,114$193,415$184,210$175,476$167,186$132,289
6 years$167,564$157,938$148,869$140,329$132,289$99,249
7 years$142,181$132,636$123,711$115,372$107,586$76,391
8 years$123,152$113,693$104,917$96,783$89,253$59,872
9 years$108,360$98,991$90,365$82,438$75,164$47,553
10 years$96,533$87,255$78,782$71,062$64,044$38,150
11 years$86,863$77,678$69,359$61,845$55,080$30,843
12 years$78,810$69,720$61,554$54,247$47,731$25,087
13 years$72,002$63,006$54,994$47,892$41,622$20,503
14 years$66,171$57,271$49,413$42,513$36,486$16,820
15 years$61,122$52,318$44,613$37,914$32,125$13,842
16 years$56,709$48,001$40,448$33,948$28,392$11,420
17 years$52,819$44,207$36,806$30,502$25,174$9,441
18 years$49,365$40,849$33,599$27,488$22,384$7,818
19 years$46,278$37,859$30,759$24,838$19,951$6,482
20 years$43,503$35,180$28,229$22,496$17,821$5,381
21 years$40,996$32,769$25,965$20,416$15,948$4,471
22 years$38,720$30,589$23,931$18,563$14,295$3,718
23 years$36,645$28,609$22,096$16,906$12,832$3,094
24 years$34,745$26,805$20,435$15,419$11,534$2,576
25 years$33,000$25,155$18,927$14,082$10,378$2,145
26 years$31,392$23,642$17,554$12,875$9,349$1,788
27 years$29,906$22,249$16,300$11,785$8,428$1,490
28 years$28,528$20,966$15,153$10,798$7,605$1,242
29 years$27,248$19,779$14,101$9,902$6,867$1,036
30 years$26,055$18,679$13,135$9,087$6,205$864
31 years$24,942$17,658$12,245$8,346$5,610$720
32 years$23,900$16,708$11,425$7,670$5,075$601
33 years$22,923$15,822$10,668$7,053$4,592$501
34 years$22,006$14,996$9,967$6,490$4,158$418
35 years$21,143$14,224$9,319$5,974$3,766$349
36 years$20,329$13,500$8,717$5,502$3,412$291
37 years$19,562$12,822$8,159$5,069$3,093$243
38 years$18,837$12,186$7,641$4,673$2,804$203
39 years$18,150$11,587$7,159$4,308$2,543$169
40 years$17,500$11,024$6,710$3,974$2,306$141
41 years$16,882$10,494$6,292$3,666$2,092$118
42 years$16,296$9,994$5,902$3,384$1,898$98
43 years$15,739$9,523$5,538$3,123$1,723$82
44 years$15,208$9,077$5,198$2,884$1,564$69
45 years$14,703$8,656$4,881$2,663$1,420$57
46 years$14,220$8,257$4,584$2,460$1,289$48
47 years$13,760$7,880$4,307$2,273$1,171$40
48 years$13,320$7,522$4,047$2,100$1,063$33
49 years$12,900$7,184$3,804$1,941$965$28
50 years$12,497$6,862$3,577$1,794$877$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $12,800,000, adding $4,918 every year, while hoping to spend $55,873 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: 39/44/17 Blend
71$12,800,000$12,800,000$12,800,000$12,800,000
72$14,110,673$13,432,273$13,233,873$14,589,070
73$15,490,513$14,031,006$13,617,759$15,530,221
74$17,009,224$14,657,204$14,012,633$16,541,464
75$18,680,913$15,312,154$14,418,804$17,633,712
76$20,521,121$15,997,205$14,836,588$18,814,325
77$22,546,974$16,713,767$15,266,314$20,091,372
78$24,777,346$17,463,322$15,708,315$21,473,704
79$27,233,028$18,247,417$16,162,936$22,971,036
80$29,936,934$19,067,678$16,630,532$24,594,026
81$32,914,312$19,925,805$17,111,466$26,354,374
82$36,192,982$20,823,580$17,606,110$28,264,925
83$39,803,602$21,762,871$18,114,850$30,339,785
84$43,779,951$22,745,633$18,638,079$32,594,444
85$48,159,253$23,773,917$19,176,202$35,045,918
86$52,982,527$24,849,869$19,729,636$37,712,899
87$58,294,973$25,975,741$20,298,807$40,615,927
88$64,146,398$27,153,890$20,884,154$43,777,575
89$70,591,686$28,386,786$21,486,129$47,222,651
90$77,691,318$29,677,018$22,105,194$50,978,422
91$85,511,939$31,027,298$22,741,825$55,074,870
92$94,126,991$32,440,470$23,396,510$59,544,955
93$103,617,403$33,919,512$24,069,752$64,424,922
94$114,072,354$35,467,544$24,762,065$69,754,631
95$125,590,119$37,087,839$25,473,979$75,577,919
96$138,278,991$38,783,823$26,206,037$81,943,008
97$152,258,306$40,559,089$26,958,797$88,902,943
98$167,659,570$42,417,400$27,732,833$96,516,079
99$184,627,696$44,362,703$28,528,734$104,846,622
100$203,322,377$46,399,132$29,347,102$113,965,220