Can I retire at age 72 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,055,204
2 years$543,714$533,587$523,774$514,258$505,029$499,623
3 years$358,875$348,705$338,916$329,490$320,411$315,123
4 years$266,474$256,335$246,644$237,379$228,520$223,391
5 years$211,048$200,970$191,406$182,330$173,717$168,762
6 years$174,109$164,107$154,685$145,811$137,456$132,681
7 years$147,735$137,817$128,544$119,879$111,789$107,197
8 years$127,963$118,135$109,015$100,564$92,740$88,330
9 years$112,593$102,857$93,895$85,658$78,100$73,873
10 years$100,304$90,664$81,860$73,838$66,545$62,498
11 years$90,256$80,713$72,068$64,261$57,231$53,361
12 years$81,889$72,443$63,958$56,366$49,595$45,899
13 years$74,814$65,468$57,143$49,762$43,248$39,722
14 years$68,756$59,508$51,343$44,173$37,911$34,552
15 years$63,510$54,362$46,356$39,395$33,380$30,183
16 years$58,924$49,876$42,028$35,274$29,501$26,462
17 years$54,882$45,934$38,244$31,693$26,158$23,272
18 years$51,293$42,445$34,912$28,562$23,258$20,521
19 years$48,086$39,338$31,960$25,808$20,731$18,137
20 years$45,202$36,554$29,331$23,374$18,517$16,062
21 years$42,597$34,049$26,979$21,214$16,571$14,249
22 years$40,232$31,783$24,866$19,288$14,853$12,660
23 years$38,076$29,726$22,959$17,566$13,333$11,264
24 years$36,102$27,852$21,233$16,021$11,984$10,033
25 years$34,289$26,137$19,666$14,632$10,784$8,946
26 years$32,619$24,565$18,239$13,378$9,714$7,984
27 years$31,074$23,119$16,937$12,246$8,758$7,131
28 years$29,643$21,784$15,745$11,220$7,902$6,374
29 years$28,312$20,551$14,652$10,289$7,136$5,701
30 years$27,073$19,408$13,648$9,442$6,447$5,102
31 years$25,916$18,347$12,723$8,672$5,829$4,569
32 years$24,833$17,360$11,871$7,970$5,273$4,092
33 years$23,818$16,441$11,084$7,329$4,772$3,667
34 years$22,865$15,582$10,356$6,743$4,320$3,288
35 years$21,968$14,779$9,683$6,208$3,913$2,948
36 years$21,123$14,028$9,058$5,717$3,546$2,645
37 years$20,326$13,323$8,478$5,267$3,213$2,373
38 years$19,572$12,662$7,939$4,855$2,913$2,130
39 years$18,859$12,040$7,438$4,477$2,642$1,912
40 years$18,183$11,455$6,972$4,129$2,396$1,716
41 years$17,542$10,904$6,537$3,810$2,174$1,541
42 years$16,933$10,385$6,132$3,516$1,973$1,384
43 years$16,354$9,895$5,754$3,245$1,790$1,243
44 years$15,802$9,432$5,401$2,997$1,625$1,117
45 years$15,277$8,994$5,072$2,768$1,475$1,003
46 years$14,776$8,580$4,764$2,556$1,339$902
47 years$14,298$8,188$4,475$2,362$1,216$810
48 years$13,841$7,816$4,205$2,182$1,105$728
49 years$13,404$7,464$3,953$2,017$1,003$654
50 years$12,985$7,130$3,716$1,864$911$588

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $13,300,000, adding $4,715 every year, while hoping to spend $50,301 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: 37/37/26 Blend
71$13,300,000$13,300,000$13,300,000$13,300,000
72$14,661,464$13,956,564$13,750,414$15,089,586
73$16,103,413$14,586,915$14,157,533$16,035,352
74$17,690,755$15,246,468$14,576,604$17,051,285
75$19,438,268$15,936,601$15,007,976$18,147,703
76$21,362,232$16,658,756$15,452,004$19,331,901
77$23,480,591$17,414,446$15,909,058$20,611,881
78$25,813,114$18,205,256$16,379,514$21,996,421
79$28,381,586$19,032,848$16,863,762$23,495,152
80$31,210,011$19,898,961$17,362,201$25,118,645
81$34,324,841$20,805,419$17,875,243$26,878,504
82$37,755,223$21,754,132$18,403,312$28,787,469
83$41,533,275$22,747,104$18,946,842$30,859,530
84$45,694,390$23,786,433$19,506,282$33,110,053
85$50,277,567$24,874,317$20,082,092$35,555,917
86$55,325,782$26,013,062$20,674,745$38,215,667
87$60,886,392$27,205,082$21,284,729$41,109,681
88$67,011,581$28,452,909$21,912,545$44,260,353
89$73,758,856$29,759,194$22,558,709$47,692,300
90$81,191,583$31,126,719$23,223,750$51,432,579
91$89,379,592$32,558,396$23,908,213$55,510,941
92$98,399,832$34,057,279$24,612,660$59,960,098
93$108,337,097$35,626,568$25,337,666$64,816,019
94$119,284,829$37,269,617$26,083,826$70,118,267
95$131,345,995$38,989,943$26,851,748$75,910,354
96$144,634,066$40,791,229$27,642,060$82,240,145
97$159,274,079$42,677,337$28,455,407$89,160,296
98$175,403,824$44,652,316$29,292,453$96,728,738
99$193,175,143$46,720,408$30,153,879$105,009,215
100$212,755,360$48,886,061$31,040,386$114,071,865