Can I retire at age 72 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,049,969
2 years$547,802$537,599$527,712$518,125$508,826$490,182
3 years$361,573$351,327$341,464$331,968$322,820$304,678
4 years$268,478$258,263$248,499$239,164$230,238$212,737
5 years$212,635$202,481$192,845$183,701$175,023$158,215
6 years$175,418$165,341$155,848$146,907$138,490$122,392
7 years$148,845$138,853$129,510$120,780$112,629$97,247
8 years$128,925$119,023$109,835$101,320$93,437$78,767
9 years$113,439$103,631$94,601$86,302$78,687$64,721
10 years$101,058$91,345$82,475$74,393$67,046$53,771
11 years$90,935$81,319$72,610$64,744$57,661$45,064
12 years$82,505$72,988$64,439$56,789$49,968$38,031
13 years$75,377$65,960$57,572$50,137$43,573$32,279
14 years$69,273$59,956$51,729$44,506$38,196$27,524
15 years$63,987$54,771$46,704$39,691$33,631$23,561
16 years$59,367$50,251$42,344$35,539$29,723$20,234
17 years$55,295$46,279$38,532$31,932$26,354$17,424
18 years$51,679$42,764$35,174$28,777$23,433$15,039
19 years$48,447$39,633$32,200$26,002$20,887$13,006
20 years$45,542$36,829$29,552$23,550$18,656$11,266
21 years$42,918$34,305$27,182$21,373$16,695$9,774
22 years$40,535$32,022$25,053$19,433$14,965$8,489
23 years$38,362$29,950$23,132$17,698$13,433$7,381
24 years$36,374$28,061$21,393$16,142$12,074$6,424
25 years$34,547$26,334$19,814$14,742$10,865$5,595
26 years$32,864$24,750$18,376$13,479$9,787$4,877
27 years$31,308$23,292$17,064$12,338$8,824$4,253
28 years$29,866$21,948$15,863$11,304$7,962$3,711
29 years$28,525$20,706$14,762$10,366$7,189$3,240
30 years$27,277$19,554$13,750$9,513$6,496$2,829
31 years$26,111$18,485$12,819$8,737$5,873$2,471
32 years$25,020$17,491$11,960$8,030$5,312$2,160
33 years$23,997$16,564$11,168$7,384$4,808$1,888
34 years$23,037$15,699$10,434$6,794$4,353$1,650
35 years$22,134$14,890$9,755$6,254$3,943$1,443
36 years$21,282$14,133$9,126$5,760$3,572$1,262
37 years$20,479$13,423$8,542$5,307$3,238$1,104
38 years$19,720$12,757$7,999$4,892$2,935$966
39 years$19,001$12,130$7,494$4,510$2,662$845
40 years$18,320$11,541$7,024$4,160$2,414$740
41 years$17,674$10,986$6,586$3,838$2,190$647
42 years$17,060$10,463$6,178$3,542$1,987$566
43 years$16,477$9,969$5,798$3,270$1,804$496
44 years$15,921$9,502$5,442$3,019$1,637$434
45 years$15,392$9,061$5,110$2,788$1,486$380
46 years$14,887$8,644$4,799$2,576$1,350$332
47 years$14,405$8,249$4,509$2,380$1,225$291
48 years$13,945$7,875$4,237$2,199$1,113$255
49 years$13,504$7,520$3,983$2,032$1,011$223
50 years$13,083$7,184$3,744$1,878$918$195

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $13,400,000, adding $3,814 every year, while hoping to spend $24,768 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: 64/19/17 Blend
71$13,400,000$13,400,000$13,400,000$13,400,000
72$14,770,734$14,060,534$13,852,834$15,653,466
73$16,250,996$14,723,147$14,290,551$16,908,867
74$17,881,415$15,417,398$14,742,102$18,276,542
75$19,677,280$16,144,812$15,207,923$19,770,021
76$21,655,439$16,906,985$15,688,465$21,401,586
77$23,834,461$17,705,593$16,184,195$23,184,748
78$26,234,802$18,542,394$16,695,592$25,134,369
79$28,879,009$19,419,229$17,223,152$27,266,804
80$31,791,926$20,338,028$17,767,385$29,600,051
81$35,000,928$21,300,818$18,328,818$32,153,914
82$38,536,185$22,309,720$18,907,996$34,950,188
83$42,430,940$23,366,961$19,505,478$38,012,862
84$46,721,829$24,474,874$20,121,845$41,368,342
85$51,449,220$25,635,908$20,757,691$45,045,691
86$56,657,601$26,852,628$21,413,635$49,076,905
87$62,395,995$28,127,726$22,090,310$53,497,208
88$68,718,423$29,464,021$22,788,372$58,345,376
89$75,684,418$30,864,473$23,508,498$63,664,105
90$83,359,580$32,332,184$24,251,384$69,500,404
91$91,816,202$33,870,406$25,017,750$75,906,033
92$101,133,949$35,482,550$25,808,339$82,937,989
93$111,400,610$37,172,193$26,623,917$90,659,035
94$122,712,927$38,943,085$27,465,272$99,138,288
95$135,177,507$40,799,158$28,333,221$108,451,864
96$148,911,833$42,744,537$29,228,604$118,683,589
97$164,045,366$44,783,545$30,152,288$129,925,784
98$180,720,771$46,920,717$31,105,168$142,280,130
99$199,095,266$49,160,808$32,088,167$155,858,619
100$219,342,100$51,508,805$33,102,237$170,784,602