Can I retire at age 72 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,099,119
2 years$568,242$557,659$547,403$537,458$527,812$518,452
3 years$375,065$364,436$354,206$344,355$334,866$325,723
4 years$278,495$267,899$257,771$248,088$238,829$229,973
5 years$220,569$210,036$200,041$190,555$181,554$173,012
6 years$181,964$171,510$161,663$152,389$143,658$135,440
7 years$154,399$144,034$134,343$125,287$116,832$108,942
8 years$133,736$123,464$113,933$105,100$96,923$89,361
9 years$117,672$107,498$98,131$89,522$81,624$74,387
10 years$104,829$94,754$85,552$77,169$69,547$62,632
11 years$94,328$84,354$75,319$67,160$59,813$53,214
12 years$85,583$75,711$66,844$58,908$51,833$45,544
13 years$78,190$68,421$59,720$52,007$45,199$39,213
14 years$71,858$62,193$53,659$46,166$39,621$33,931
15 years$66,375$56,814$48,447$41,172$34,886$29,483
16 years$61,582$52,126$43,924$36,865$30,832$25,708
17 years$57,358$48,006$39,969$33,123$27,338$22,484
18 years$53,607$44,360$36,487$29,851$24,308$19,715
19 years$50,255$41,112$33,402$26,973$21,666$17,325
20 years$47,242$38,203$30,655$24,429$19,352$15,254
21 years$44,519$35,585$28,196$22,171$17,318$13,453
22 years$42,047$33,217$25,987$20,158$15,523$11,882
23 years$39,794$31,067$23,995$18,359$13,935$10,508
24 years$37,731$29,108$22,191$16,744$12,525$9,302
25 years$35,836$27,317$20,553$15,292$11,270$8,243
26 years$34,090$25,673$19,062$13,982$10,152$7,311
27 years$32,476$24,161$17,701$12,798$9,153$6,489
28 years$30,980$22,767$16,455$11,726$8,259$5,764
29 years$29,590$21,478$15,313$10,753$7,457$5,122
30 years$28,294$20,284$14,264$9,868$6,738$4,554
31 years$27,085$19,175$13,297$9,063$6,092$4,051
32 years$25,954$18,144$12,407$8,329$5,511$3,605
33 years$24,893$17,182$11,584$7,660$4,987$3,210
34 years$23,897$16,285$10,824$7,047$4,515$2,858
35 years$22,960$15,446$10,119$6,488$4,090$2,546
36 years$22,076$14,660$9,466$5,975$3,705$2,269
37 years$21,243$13,924$8,860$5,505$3,358$2,022
38 years$20,455$13,233$8,297$5,074$3,045$1,802
39 years$19,710$12,583$7,774$4,679$2,761$1,607
40 years$19,003$11,972$7,286$4,315$2,504$1,433
41 years$18,333$11,396$6,832$3,981$2,272$1,278
42 years$17,697$10,853$6,409$3,674$2,062$1,140
43 years$17,091$10,341$6,014$3,392$1,871$1,017
44 years$16,515$9,857$5,645$3,132$1,698$907
45 years$15,966$9,400$5,301$2,892$1,542$809
46 years$15,442$8,967$4,978$2,672$1,400$722
47 years$14,943$8,557$4,677$2,468$1,271$644
48 years$14,465$8,169$4,395$2,281$1,154$575
49 years$14,008$7,801$4,131$2,108$1,048$513
50 years$13,571$7,452$3,884$1,948$952$458

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $13,900,000, adding $4,462 every year, while hoping to spend $23,836 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: 61/31/8 Blend
71$13,900,000$13,900,000$13,900,000$13,900,000
72$15,322,403$14,585,703$14,370,253$16,230,914
73$16,859,926$15,275,041$14,826,295$17,528,739
74$18,553,479$15,997,357$15,296,815$18,941,036
75$20,418,949$16,754,244$15,782,274$20,481,378
76$22,473,848$17,547,367$16,283,146$22,162,118
77$24,737,469$18,378,477$16,799,921$23,996,835
78$27,231,076$19,249,407$17,333,103$26,000,461
79$29,978,097$20,162,080$17,883,213$28,189,414
80$33,004,352$21,118,511$18,450,790$30,581,749
81$36,338,293$22,120,815$19,036,389$33,197,327
82$40,011,272$23,171,208$19,640,581$36,057,991
83$44,057,839$24,272,014$20,263,957$39,187,770
84$48,516,066$25,425,670$20,907,127$42,613,102
85$53,427,908$26,634,732$21,570,720$46,363,071
86$58,839,599$27,901,879$22,255,384$50,469,682
87$64,802,088$29,229,920$22,961,788$54,968,153
88$71,371,517$30,621,802$23,690,624$59,897,240
89$78,609,755$32,080,614$24,442,604$65,299,595
90$86,584,982$33,609,596$25,218,462$71,222,165
91$95,372,328$35,212,144$26,018,959$77,716,621
92$105,054,587$36,891,821$26,844,876$84,839,842
93$115,722,997$38,652,362$27,697,021$92,654,442
94$127,478,099$40,497,684$28,576,228$101,229,348
95$140,430,690$42,431,895$29,483,356$110,640,449
96$154,702,864$44,459,302$30,419,292$120,971,291
97$170,429,169$46,584,421$31,384,951$132,313,867
98$187,757,876$48,811,989$32,381,279$144,769,464
99$206,852,376$51,146,973$33,409,248$158,449,614
100$227,892,726$53,594,582$34,469,866$173,477,132