Can I retire at age 72 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,037,285
2 years$539,626$529,576$519,835$510,392$501,232$485,848
3 years$356,177$346,083$336,368$327,013$318,002$303,014
4 years$264,470$254,408$244,790$235,594$226,802$212,325
5 years$209,461$199,459$189,967$180,959$172,411$158,488
6 years$172,800$162,873$153,521$144,714$136,423$123,070
7 years$146,624$136,781$127,577$118,978$110,948$98,169
8 years$127,001$117,246$108,195$99,807$92,042$79,836
9 years$111,746$102,084$93,189$85,014$77,513$65,873
10 years$99,550$89,982$81,244$73,283$66,045$54,963
11 years$89,578$80,106$71,526$63,778$56,801$46,265
12 years$81,273$71,899$63,477$55,942$49,222$39,221
13 years$74,252$64,975$56,713$49,388$42,923$33,442
14 years$68,239$59,061$50,957$43,841$37,626$28,650
15 years$63,032$53,953$46,007$39,099$33,129$24,643
16 years$58,481$49,501$41,712$35,009$29,279$21,267
17 years$54,469$45,589$37,956$31,455$25,961$18,405
18 years$50,907$42,126$34,649$28,347$23,083$15,966
19 years$47,724$39,042$31,720$25,614$20,575$13,879
20 years$44,863$36,280$29,111$23,199$18,378$12,086
21 years$42,277$33,793$26,776$21,054$16,446$10,540
22 years$39,930$31,544$24,679$19,143$14,742$9,204
23 years$37,790$29,503$22,786$17,434$13,233$8,046
24 years$35,831$27,642$21,073$15,901$11,894$7,041
25 years$34,032$25,941$19,518$14,522$10,703$6,167
26 years$32,373$24,380$18,102$13,278$9,641$5,405
27 years$30,841$22,945$16,809$12,153$8,692$4,740
28 years$29,420$21,621$15,627$11,135$7,843$4,160
29 years$28,100$20,397$14,542$10,211$7,082$3,652
30 years$26,869$19,262$13,545$9,371$6,399$3,208
31 years$25,721$18,209$12,628$8,607$5,785$2,818
32 years$24,647$17,230$11,782$7,910$5,233$2,477
33 years$23,639$16,317$11,001$7,274$4,736$2,178
34 years$22,693$15,465$10,279$6,693$4,288$1,915
35 years$21,803$14,668$9,610$6,161$3,884$1,685
36 years$20,965$13,922$8,990$5,674$3,519$1,482
37 years$20,173$13,223$8,414$5,228$3,189$1,304
38 years$19,425$12,566$7,880$4,819$2,891$1,148
39 years$18,717$11,949$7,382$4,443$2,622$1,010
40 years$18,046$11,369$6,919$4,098$2,378$890
41 years$17,410$10,822$6,488$3,781$2,158$783
42 years$16,806$10,307$6,086$3,489$1,958$690
43 years$16,231$9,820$5,711$3,221$1,777$607
44 years$15,683$9,361$5,361$2,974$1,613$535
45 years$15,162$8,926$5,034$2,747$1,464$471
46 years$14,665$8,515$4,728$2,537$1,329$415
47 years$14,190$8,126$4,442$2,344$1,207$365
48 years$13,737$7,757$4,174$2,166$1,096$322
49 years$13,303$7,408$3,923$2,002$996$283
50 years$12,888$7,076$3,688$1,850$904$250

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $13,200,000, adding $4,944 every year, while hoping to spend $59,367 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: 69/23/8 Blend
71$13,200,000$13,200,000$13,200,000$13,200,000
72$14,551,500$13,851,900$13,647,300$15,534,646
73$15,972,587$14,467,477$14,041,318$16,802,067
74$17,536,635$15,111,227$14,446,547$18,180,327
75$19,258,163$15,784,469$14,863,298$19,686,406
76$21,153,171$16,488,583$15,291,893$21,332,828
77$23,239,285$17,225,015$15,732,663$23,133,374
78$25,535,931$17,995,279$16,185,945$25,103,206
79$28,064,511$18,800,963$16,652,089$27,259,012
80$30,848,609$19,643,728$17,131,453$29,619,155
81$33,914,214$20,525,317$17,624,403$32,203,845
82$37,289,959$21,447,554$18,131,316$35,035,330
83$41,007,401$22,412,350$18,652,581$38,138,094
84$45,101,308$23,421,707$19,188,595$41,539,094
85$49,609,996$24,477,725$19,739,767$45,268,002
86$54,575,682$25,582,600$20,306,516$49,357,486
87$60,044,891$26,738,637$20,889,273$53,843,513
88$66,068,888$27,948,248$21,488,482$58,765,684
89$72,704,163$29,213,961$22,104,595$64,167,601
90$80,012,969$30,538,426$22,738,080$70,097,277
91$88,063,902$31,924,419$23,389,416$76,607,580
92$96,932,553$33,374,848$24,059,094$83,756,732
93$106,702,219$34,892,762$24,747,619$91,608,848
94$117,464,691$36,481,353$25,455,511$100,234,537
95$129,321,120$38,143,969$26,183,300$109,711,562
96$142,382,967$39,884,117$26,931,534$120,125,571
97$156,773,062$41,705,471$27,700,773$131,570,893
98$172,626,759$43,611,883$28,491,593$144,151,425
99$190,093,212$45,607,389$29,304,585$157,981,605
100$209,336,787$47,696,219$30,140,356$173,187,484