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

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 $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%12.4%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,057,816
2 years$547,802$537,599$527,712$518,125$508,826$498,030
3 years$361,573$351,327$341,464$331,968$322,820$312,282
4 years$268,478$258,263$248,499$239,164$230,238$220,039
5 years$212,635$202,481$192,845$183,701$175,023$165,193
6 years$175,418$165,341$155,848$146,907$138,490$129,040
7 years$148,845$138,853$129,510$120,780$112,629$103,565
8 years$128,925$119,023$109,835$101,320$93,437$84,757
9 years$113,439$103,631$94,601$86,302$78,687$70,389
10 years$101,058$91,345$82,475$74,393$67,046$59,123
11 years$90,935$81,319$72,610$64,744$57,661$50,109
12 years$82,505$72,988$64,439$56,789$49,968$42,778
13 years$75,377$65,960$57,572$50,137$43,573$36,737
14 years$69,273$59,956$51,729$44,506$38,196$31,705
15 years$63,987$54,771$46,704$39,691$33,631$27,474
16 years$59,367$50,251$42,344$35,539$29,723$23,891
17 years$55,295$46,279$38,532$31,932$26,354$20,837
18 years$51,679$42,764$35,174$28,777$23,433$18,219
19 years$48,447$39,633$32,200$26,002$20,887$15,964
20 years$45,542$36,829$29,552$23,550$18,656$14,015
21 years$42,918$34,305$27,182$21,373$16,695$12,324
22 years$40,535$32,022$25,053$19,433$14,965$10,852
23 years$38,362$29,950$23,132$17,698$13,433$9,567
24 years$36,374$28,061$21,393$16,142$12,074$8,444
25 years$34,547$26,334$19,814$14,742$10,865$7,459
26 years$32,864$24,750$18,376$13,479$9,787$6,595
27 years$31,308$23,292$17,064$12,338$8,824$5,835
28 years$29,866$21,948$15,863$11,304$7,962$5,166
29 years$28,525$20,706$14,762$10,366$7,189$4,576
30 years$27,277$19,554$13,750$9,513$6,496$4,056
31 years$26,111$18,485$12,819$8,737$5,873$3,596
32 years$25,020$17,491$11,960$8,030$5,312$3,190
33 years$23,997$16,564$11,168$7,384$4,808$2,830
34 years$23,037$15,699$10,434$6,794$4,353$2,512
35 years$22,134$14,890$9,755$6,254$3,943$2,230
36 years$21,282$14,133$9,126$5,760$3,572$1,980
37 years$20,479$13,423$8,542$5,307$3,238$1,759
38 years$19,720$12,757$7,999$4,892$2,935$1,563
39 years$19,001$12,130$7,494$4,510$2,662$1,388
40 years$18,320$11,541$7,024$4,160$2,414$1,234
41 years$17,674$10,986$6,586$3,838$2,190$1,097
42 years$17,060$10,463$6,178$3,542$1,987$975
43 years$16,477$9,969$5,798$3,270$1,804$866
44 years$15,921$9,502$5,442$3,019$1,637$770
45 years$15,392$9,061$5,110$2,788$1,486$685
46 years$14,887$8,644$4,799$2,576$1,350$609
47 years$14,405$8,249$4,509$2,380$1,225$542
48 years$13,945$7,875$4,237$2,199$1,113$482
49 years$13,504$7,520$3,983$2,032$1,011$428
50 years$13,083$7,184$3,744$1,878$918$381

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 $6,371 every year, while hoping to spend $22,701 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: 38/38/24 Blend
71$13,400,000$13,400,000$13,400,000$13,400,000
72$14,773,372$14,063,172$13,855,472$15,228,640
73$16,256,102$14,728,113$14,295,476$16,225,756
74$17,889,310$15,424,876$14,749,460$17,300,078
75$19,688,320$16,154,996$15,217,868$18,460,707
76$21,670,020$16,920,082$15,701,158$19,715,470
77$23,853,018$17,721,822$16,199,802$21,072,950
78$26,257,821$18,561,986$16,714,291$22,542,562
79$28,907,025$19,442,430$17,245,126$24,134,631
80$31,825,531$20,365,099$17,792,827$25,860,491
81$35,040,780$21,332,033$18,357,931$27,732,578
82$38,583,009$22,345,372$18,940,992$29,764,545
83$42,485,539$23,407,359$19,542,578$31,971,382
84$46,785,090$24,520,346$20,163,281$34,369,547
85$51,522,125$25,686,799$20,803,707$36,977,121
86$56,741,234$26,909,304$21,464,483$39,813,961
87$62,491,553$28,190,573$22,146,257$42,901,886
88$68,827,231$29,533,450$22,849,695$46,264,870
89$75,807,936$30,940,916$23,575,487$49,929,259
90$83,499,423$32,416,099$24,324,344$53,924,011
91$91,974,153$33,962,277$25,096,998$58,280,960
92$101,311,975$35,582,887$25,894,206$63,035,100
93$111,600,884$37,281,536$26,716,750$68,224,913
94$122,937,847$39,062,004$27,565,433$73,892,709
95$135,429,720$40,928,255$28,441,089$80,085,025
96$149,194,260$42,884,448$29,344,573$86,853,040
97$164,361,230$44,934,941$30,276,772$94,253,052
98$181,073,629$47,084,307$31,238,597$102,346,992
99$199,489,041$49,337,340$32,230,992$111,202,996
100$219,781,121$51,699,067$33,254,928$120,896,027