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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$983,302
2 years$523,273$513,528$504,083$494,925$486,043$448,791
3 years$345,384$335,596$326,175$317,104$308,366$272,422
4 years$256,456$246,699$237,372$228,455$219,929$185,567
5 years$203,114$193,415$184,210$175,476$167,186$134,497
6 years$167,564$157,938$148,869$140,329$132,289$101,294
7 years$142,181$132,636$123,711$115,372$107,586$78,279
8 years$123,152$113,693$104,917$96,783$89,253$61,608
9 years$108,360$98,991$90,365$82,438$75,164$49,142
10 years$96,533$87,255$78,782$71,062$64,044$39,600
11 years$86,863$77,678$69,359$61,845$55,080$32,162
12 years$78,810$69,720$61,554$54,247$47,731$26,282
13 years$72,002$63,006$54,994$47,892$41,622$21,583
14 years$66,171$57,271$49,413$42,513$36,486$17,794
15 years$61,122$52,318$44,613$37,914$32,125$14,717
16 years$56,709$48,001$40,448$33,948$28,392$12,203
17 years$52,819$44,207$36,806$30,502$25,174$10,140
18 years$49,365$40,849$33,599$27,488$22,384$8,441
19 years$46,278$37,859$30,759$24,838$19,951$7,037
20 years$43,503$35,180$28,229$22,496$17,821$5,873
21 years$40,996$32,769$25,965$20,416$15,948$4,907
22 years$38,720$30,589$23,931$18,563$14,295$4,102
23 years$36,645$28,609$22,096$16,906$12,832$3,433
24 years$34,745$26,805$20,435$15,419$11,534$2,874
25 years$33,000$25,155$18,927$14,082$10,378$2,407
26 years$31,392$23,642$17,554$12,875$9,349$2,017
27 years$29,906$22,249$16,300$11,785$8,428$1,690
28 years$28,528$20,966$15,153$10,798$7,605$1,417
29 years$27,248$19,779$14,101$9,902$6,867$1,189
30 years$26,055$18,679$13,135$9,087$6,205$997
31 years$24,942$17,658$12,245$8,346$5,610$836
32 years$23,900$16,708$11,425$7,670$5,075$702
33 years$22,923$15,822$10,668$7,053$4,592$589
34 years$22,006$14,996$9,967$6,490$4,158$494
35 years$21,143$14,224$9,319$5,974$3,766$415
36 years$20,329$13,500$8,717$5,502$3,412$348
37 years$19,562$12,822$8,159$5,069$3,093$292
38 years$18,837$12,186$7,641$4,673$2,804$245
39 years$18,150$11,587$7,159$4,308$2,543$206
40 years$17,500$11,024$6,710$3,974$2,306$173
41 years$16,882$10,494$6,292$3,666$2,092$145
42 years$16,296$9,994$5,902$3,384$1,898$122
43 years$15,739$9,523$5,538$3,123$1,723$102
44 years$15,208$9,077$5,198$2,884$1,564$86
45 years$14,703$8,656$4,881$2,663$1,420$72
46 years$14,220$8,257$4,584$2,460$1,289$61
47 years$13,760$7,880$4,307$2,273$1,171$51
48 years$13,320$7,522$4,047$2,100$1,063$43
49 years$12,900$7,184$3,804$1,941$965$36
50 years$12,497$6,862$3,577$1,794$877$30

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 $5,706 every year, while hoping to spend $56,357 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: 47/38/15 Blend
71$12,800,000$12,800,000$12,800,000$12,800,000
72$14,111,486$13,433,086$13,234,686$14,714,885
73$15,490,894$14,031,344$13,618,084$15,731,964
74$17,009,113$14,657,027$14,012,438$16,828,990
75$18,680,242$15,311,421$14,418,054$18,018,409
76$20,519,816$15,995,870$14,835,248$19,308,853
77$22,544,954$16,711,784$15,264,346$20,709,800
78$24,774,518$17,460,640$15,705,680$22,231,660
79$27,229,291$18,243,984$16,159,593$23,885,867
80$29,932,176$19,063,437$16,626,437$25,684,985
81$32,908,409$19,920,696$17,106,573$27,642,817
82$36,185,796$20,817,540$17,600,373$29,774,531
83$39,794,980$21,755,832$18,108,218$32,096,802
84$43,769,726$22,737,525$18,630,501$34,627,955
85$48,147,238$23,764,664$19,167,623$37,388,140
86$52,968,516$24,839,393$19,719,998$40,399,509
87$58,278,738$25,963,956$20,288,051$43,686,423
88$64,127,687$27,140,707$20,872,218$47,275,674
89$70,570,220$28,372,112$21,472,947$51,196,725
90$77,666,790$29,660,752$22,090,698$55,481,989
91$85,484,009$31,009,336$22,725,943$60,167,120
92$94,095,284$32,420,700$23,379,169$65,291,344
93$103,581,504$33,897,815$24,050,872$70,897,819
94$114,031,807$35,443,797$24,741,565$77,034,034
95$125,544,417$37,061,908$25,451,773$83,752,247
96$138,227,576$38,755,571$26,182,036$91,109,967
97$152,200,563$40,528,368$26,932,909$99,170,488
98$167,594,819$42,384,056$27,704,959$108,003,475
99$184,555,187$44,326,572$28,498,772$117,685,608
100$203,241,282$46,360,040$29,314,948$128,301,296