Can I retire at age 72 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,126,609
2 years$580,506$569,695$559,217$549,058$539,204$533,432
3 years$383,160$372,302$361,850$351,787$342,093$336,447
4 years$284,506$273,681$263,334$253,443$243,984$238,507
5 years$225,329$214,569$204,358$194,668$185,472$180,182
6 years$185,891$175,212$165,152$155,678$146,758$141,660
7 years$157,732$147,143$137,242$127,991$119,354$114,450
8 years$136,622$126,129$116,392$107,369$99,015$94,307
9 years$120,212$109,818$100,248$91,454$83,385$78,872
10 years$107,092$96,799$87,399$78,834$71,048$66,727
11 years$96,364$86,174$76,945$68,610$61,104$56,972
12 years$87,430$77,345$68,286$60,180$52,951$49,005
13 years$79,877$69,898$61,009$53,130$46,175$42,410
14 years$73,408$63,535$54,817$47,163$40,476$36,890
15 years$67,807$58,040$49,493$42,061$35,639$32,225
16 years$62,911$53,251$44,872$37,661$31,498$28,253
17 years$58,596$49,042$40,832$33,838$27,928$24,847
18 years$54,764$45,317$37,274$30,495$24,832$21,910
19 years$51,339$41,999$34,123$27,555$22,133$19,364
20 years$48,261$39,028$31,316$24,956$19,770$17,149
21 years$45,480$36,353$28,805$22,649$17,692$15,214
22 years$42,955$33,934$26,548$20,593$15,858$13,517
23 years$40,653$31,738$24,513$18,755$14,235$12,026
24 years$38,545$29,736$22,670$17,105$12,795$10,712
25 years$36,610$27,906$20,997$15,622$11,514$9,551
26 years$34,826$26,227$19,474$14,284$10,371$8,524
27 years$33,177$24,683$18,083$13,074$9,350$7,614
28 years$31,649$23,259$16,810$11,979$8,437$6,806
29 years$30,228$21,942$15,644$10,985$7,618$6,087
30 years$28,905$20,722$14,571$10,081$6,884$5,448
31 years$27,670$19,589$13,584$9,259$6,224$4,878
32 years$26,514$18,535$12,675$8,509$5,630$4,369
33 years$25,430$17,553$11,834$7,825$5,095$3,916
34 years$24,412$16,636$11,057$7,200$4,613$3,510
35 years$23,455$15,779$10,338$6,628$4,178$3,148
36 years$22,553$14,977$9,671$6,104$3,785$2,824
37 years$21,701$14,225$9,052$5,624$3,431$2,534
38 years$20,897$13,518$8,476$5,184$3,110$2,274
39 years$20,135$12,855$7,942$4,780$2,821$2,041
40 years$19,414$12,230$7,444$4,408$2,558$1,833
41 years$18,729$11,642$6,980$4,067$2,321$1,646
42 years$18,079$11,087$6,547$3,754$2,106$1,478
43 years$17,460$10,564$6,144$3,465$1,911$1,327
44 years$16,872$10,070$5,767$3,199$1,735$1,193
45 years$16,311$9,602$5,415$2,955$1,575$1,071
46 years$15,776$9,160$5,086$2,729$1,430$963
47 years$15,265$8,742$4,778$2,522$1,299$865
48 years$14,777$8,345$4,490$2,330$1,179$777
49 years$14,311$7,969$4,220$2,153$1,071$699
50 years$13,864$7,612$3,968$1,990$973$628

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,200,000, adding $6,977 every year, while hoping to spend $49,949 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: 51/41/8 Blend
71$14,200,000$14,200,000$14,200,000$14,200,000
72$15,655,597$14,902,997$14,682,897$16,421,832
73$17,199,322$15,580,098$15,121,628$17,621,439
74$18,898,834$16,288,704$15,573,384$18,918,838
75$20,769,969$17,030,304$16,038,546$20,327,997
76$22,830,178$17,806,461$16,517,510$21,859,428
77$25,098,691$18,618,813$17,010,681$23,524,675
78$27,596,698$19,469,075$17,518,479$25,336,420
79$30,347,546$20,359,045$18,041,333$27,308,595
80$33,376,965$21,290,607$18,579,687$29,456,506
81$36,713,304$22,265,735$19,133,995$31,796,974
82$40,387,804$23,286,499$19,704,727$34,348,485
83$44,434,890$24,355,068$20,292,366$37,131,361
84$48,892,496$25,473,714$20,897,407$40,167,939
85$53,802,423$26,644,818$21,520,363$43,482,778
86$59,210,734$27,870,878$22,161,759$47,102,885
87$65,168,187$29,154,509$22,822,136$51,057,958
88$71,730,716$30,498,454$23,502,052$55,380,656
89$78,959,958$31,905,587$24,202,079$60,106,906
90$86,923,832$33,378,919$24,922,807$65,276,223
91$95,697,185$34,921,609$25,664,843$70,932,082
92$105,362,495$36,536,964$26,428,812$77,122,312
93$116,010,648$38,228,454$27,215,356$83,899,537
94$127,741,800$39,999,715$28,025,136$91,321,666
95$140,666,319$41,854,556$28,858,834$99,452,423
96$154,905,827$43,796,972$29,717,147$108,361,938
97$170,594,347$45,831,150$30,600,799$118,127,396
98$187,879,573$47,961,479$31,510,528$128,833,751
99$206,924,258$50,192,559$32,447,098$140,574,517
100$227,907,750$52,529,212$33,411,294$153,452,631