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%15.2%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$998,857
2 years$523,273$513,528$504,083$494,925$486,043$464,153
3 years$345,384$335,596$326,175$317,104$308,366$287,102
4 years$256,456$246,699$237,372$228,455$219,929$199,455
5 years$203,114$193,415$184,210$175,476$167,186$147,561
6 years$167,564$157,938$148,869$140,329$132,289$113,532
7 years$142,181$132,636$123,711$115,372$107,586$89,701
8 years$123,152$113,693$104,917$96,783$89,253$72,235
9 years$108,360$98,991$90,365$82,438$75,164$59,000
10 years$96,533$87,255$78,782$71,062$64,044$48,717
11 years$86,863$77,678$69,359$61,845$55,080$40,572
12 years$78,810$69,720$61,554$54,247$47,731$34,019
13 years$72,002$63,006$54,994$47,892$41,622$28,682
14 years$66,171$57,271$49,413$42,513$36,486$24,292
15 years$61,122$52,318$44,613$37,914$32,125$20,651
16 years$56,709$48,001$40,448$33,948$28,392$17,610
17 years$52,819$44,207$36,806$30,502$25,174$15,056
18 years$49,365$40,849$33,599$27,488$22,384$12,901
19 years$46,278$37,859$30,759$24,838$19,951$11,075
20 years$43,503$35,180$28,229$22,496$17,821$9,522
21 years$40,996$32,769$25,965$20,416$15,948$8,198
22 years$38,720$30,589$23,931$18,563$14,295$7,066
23 years$36,645$28,609$22,096$16,906$12,832$6,096
24 years$34,745$26,805$20,435$15,419$11,534$5,264
25 years$33,000$25,155$18,927$14,082$10,378$4,548
26 years$31,392$23,642$17,554$12,875$9,349$3,933
27 years$29,906$22,249$16,300$11,785$8,428$3,402
28 years$28,528$20,966$15,153$10,798$7,605$2,945
29 years$27,248$19,779$14,101$9,902$6,867$2,550
30 years$26,055$18,679$13,135$9,087$6,205$2,208
31 years$24,942$17,658$12,245$8,346$5,610$1,913
32 years$23,900$16,708$11,425$7,670$5,075$1,658
33 years$22,923$15,822$10,668$7,053$4,592$1,437
34 years$22,006$14,996$9,967$6,490$4,158$1,246
35 years$21,143$14,224$9,319$5,974$3,766$1,080
36 years$20,329$13,500$8,717$5,502$3,412$937
37 years$19,562$12,822$8,159$5,069$3,093$813
38 years$18,837$12,186$7,641$4,673$2,804$705
39 years$18,150$11,587$7,159$4,308$2,543$612
40 years$17,500$11,024$6,710$3,974$2,306$531
41 years$16,882$10,494$6,292$3,666$2,092$460
42 years$16,296$9,994$5,902$3,384$1,898$399
43 years$15,739$9,523$5,538$3,123$1,723$347
44 years$15,208$9,077$5,198$2,884$1,564$301
45 years$14,703$8,656$4,881$2,663$1,420$261
46 years$14,220$8,257$4,584$2,460$1,289$227
47 years$13,760$7,880$4,307$2,273$1,171$197
48 years$13,320$7,522$4,047$2,100$1,063$171
49 years$12,900$7,184$3,804$1,941$965$148
50 years$12,497$6,862$3,577$1,794$877$129

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 $5,012 every year, while hoping to spend $49,274 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: 31/44/25 Blend
71$12,800,000$12,800,000$12,800,000$12,800,000
72$14,110,770$13,432,370$13,233,970$14,439,375
73$15,497,641$14,038,129$13,624,881$15,297,299
74$17,024,322$14,671,919$14,027,236$16,215,435
75$18,705,021$15,335,060$14,441,366$17,202,781
76$20,555,394$16,028,939$14,867,612$18,265,412
77$22,592,692$16,755,006$15,306,326$19,409,981
78$24,835,925$17,514,780$15,757,866$20,643,778
79$27,306,040$18,309,854$16,222,605$21,974,788
80$30,026,117$19,141,898$16,700,923$23,411,767
81$33,021,590$20,012,660$17,193,214$24,964,312
82$36,320,485$20,923,973$17,699,879$26,642,946
83$39,953,684$21,877,757$18,221,334$28,459,213
84$43,955,217$22,876,025$18,758,006$30,425,778
85$48,362,584$23,920,884$19,310,334$32,556,539
86$53,217,106$25,014,546$19,878,769$34,866,749
87$58,564,318$26,159,326$20,463,775$37,373,151
88$64,454,396$27,357,651$21,065,829$40,094,130
89$70,942,633$28,612,064$21,685,422$43,049,878
90$78,089,957$29,925,230$22,323,059$46,262,568
91$85,963,510$31,299,944$22,979,259$49,756,562
92$94,637,279$32,739,132$23,654,556$53,558,624
93$104,192,796$34,245,864$24,349,497$57,698,166
94$114,719,904$35,823,355$25,064,649$62,207,510
95$126,317,611$37,474,975$25,800,591$67,122,184
96$139,095,016$39,204,258$26,557,919$72,481,245
97$153,172,346$41,014,905$27,337,248$78,327,631
98$168,682,087$42,910,797$28,139,208$84,708,557
99$185,770,236$44,896,003$28,964,447$91,675,944
100$204,597,677$46,974,784$29,813,634$99,286,893