Can I retire at age 72 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,119,569
2 years$584,594$573,707$563,155$552,924$543,001$522,187
3 years$385,858$374,924$364,399$354,264$344,502$324,256
4 years$286,510$275,609$265,189$255,227$245,702$226,179
5 years$226,916$216,081$205,797$196,039$186,779$168,035
6 years$187,200$176,446$166,315$156,774$147,792$129,848
7 years$158,843$148,179$138,208$128,893$120,194$103,056
8 years$137,584$127,017$117,212$108,125$99,713$83,375
9 years$121,058$110,591$100,954$92,098$83,972$68,426
10 years$107,846$97,481$88,014$79,390$71,549$56,779
11 years$97,042$86,781$77,486$69,093$61,534$47,525
12 years$88,046$77,890$68,767$60,604$53,324$40,057
13 years$80,440$70,390$61,439$53,504$46,500$33,953
14 years$73,925$63,982$55,203$47,495$40,761$28,913
15 years$68,285$58,449$49,841$42,357$35,890$24,715
16 years$63,354$53,626$45,188$37,926$31,719$21,195
17 years$59,008$49,388$41,120$34,076$28,125$18,226
18 years$55,150$45,636$37,537$30,710$25,007$15,708
19 years$51,701$42,295$34,363$27,749$22,289$13,564
20 years$48,601$39,303$31,537$25,132$19,909$11,733
21 years$45,800$36,609$29,008$22,809$17,817$10,163
22 years$43,257$34,173$26,735$20,738$15,970$8,814
23 years$40,939$31,961$24,685$18,887$14,336$7,652
24 years$38,817$29,946$22,830$17,226$12,885$6,649
25 years$36,868$28,103$21,145$15,732$11,595$5,782
26 years$35,071$26,412$19,611$14,384$10,444$5,031
27 years$33,411$24,857$18,210$13,166$9,416$4,381
28 years$31,872$23,422$16,929$12,063$8,496$3,816
29 years$30,441$22,096$15,754$11,062$7,672$3,326
30 years$29,109$20,868$14,674$10,152$6,932$2,900
31 years$27,864$19,727$13,680$9,324$6,267$2,529
32 years$26,700$18,666$12,764$8,569$5,669$2,206
33 years$25,609$17,677$11,918$7,880$5,131$1,925
34 years$24,584$16,753$11,135$7,250$4,645$1,680
35 years$23,620$15,890$10,411$6,674$4,207$1,467
36 years$22,712$15,082$9,739$6,147$3,812$1,281
37 years$21,854$14,325$9,115$5,663$3,455$1,119
38 years$21,044$13,614$8,536$5,220$3,132$977
39 years$20,277$12,945$7,997$4,813$2,840$853
40 years$19,550$12,316$7,496$4,440$2,576$745
41 years$18,861$11,724$7,029$4,096$2,337$651
42 years$18,206$11,165$6,593$3,780$2,121$569
43 years$17,583$10,638$6,187$3,490$1,925$497
44 years$16,990$10,141$5,808$3,222$1,747$434
45 years$16,426$9,670$5,453$2,976$1,586$380
46 years$15,887$9,225$5,122$2,749$1,440$332
47 years$15,373$8,803$4,812$2,539$1,308$290
48 years$14,881$8,404$4,522$2,346$1,188$253
49 years$14,411$8,025$4,250$2,169$1,079$221
50 years$13,962$7,666$3,996$2,004$980$193

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,300,000, adding $4,075 every year, while hoping to spend $35,813 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: 48/30/22 Blend
71$14,300,000$14,300,000$14,300,000$14,300,000
72$15,762,803$15,004,903$14,783,253$16,420,905
73$17,332,505$15,702,039$15,240,388$17,577,547
74$19,061,115$16,432,134$15,711,636$18,828,906
75$20,964,806$17,196,765$16,197,432$20,187,055
76$23,061,395$17,997,586$16,698,226$21,662,042
77$25,370,520$18,836,330$17,214,479$23,264,904
78$27,913,817$19,714,814$17,746,667$25,007,765
79$30,715,128$20,634,942$18,295,283$26,903,949
80$33,800,727$21,598,710$18,860,831$28,968,097
81$37,199,566$22,608,212$19,443,833$31,216,300
82$40,943,548$23,665,641$20,044,828$33,666,247
83$45,067,830$24,773,297$20,664,370$36,337,384
84$49,611,152$25,933,591$21,303,029$39,251,093
85$54,616,204$27,149,052$21,961,395$42,430,883
86$60,130,030$28,422,329$22,640,075$45,902,612
87$66,204,470$29,756,200$23,339,695$49,694,717
88$72,896,649$31,153,577$24,060,898$53,838,479
89$80,269,520$32,617,515$24,804,351$58,368,308
90$88,392,452$34,151,215$25,570,738$63,322,063
91$97,341,890$35,758,032$26,360,765$68,741,396
92$107,202,073$37,441,485$27,175,160$74,672,139
93$118,065,830$39,205,264$28,014,674$81,164,727
94$130,035,459$41,053,236$28,880,080$88,274,665
95$143,223,688$42,989,457$29,772,175$96,063,038
96$157,754,741$45,018,177$30,691,780$104,597,082
97$173,765,513$47,143,856$31,639,742$113,950,803
98$191,406,856$49,371,166$32,616,935$124,205,666
99$210,845,010$51,705,007$33,624,257$135,451,352
100$232,263,167$54,150,519$34,662,636$147,786,590