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

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,127,924
2 years$584,594$573,707$563,155$552,924$543,001$530,538
3 years$385,858$374,924$364,399$354,264$344,502$332,341
4 years$286,510$275,609$265,189$255,227$245,702$233,936
5 years$226,916$216,081$205,797$196,039$186,779$175,443
6 years$187,200$176,446$166,315$156,774$147,792$136,899
7 years$158,843$148,179$138,208$128,893$120,194$109,750
8 years$137,584$127,017$117,212$108,125$99,713$89,716
9 years$121,058$110,591$100,954$92,098$83,972$74,420
10 years$107,846$97,481$88,014$79,390$71,549$62,434
11 years$97,042$86,781$77,486$69,093$61,534$52,850
12 years$88,046$77,890$68,767$60,604$53,324$45,061
13 years$80,440$70,390$61,439$53,504$46,500$38,647
14 years$73,925$63,982$55,203$47,495$40,761$33,309
15 years$68,285$58,449$49,841$42,357$35,890$28,826
16 years$63,354$53,626$45,188$37,926$31,719$25,032
17 years$59,008$49,388$41,120$34,076$28,125$21,801
18 years$55,150$45,636$37,537$30,710$25,007$19,035
19 years$51,701$42,295$34,363$27,749$22,289$16,655
20 years$48,601$39,303$31,537$25,132$19,909$14,600
21 years$45,800$36,609$29,008$22,809$17,817$12,819
22 years$43,257$34,173$26,735$20,738$15,970$11,271
23 years$40,939$31,961$24,685$18,887$14,336$9,921
24 years$38,817$29,946$22,830$17,226$12,885$8,743
25 years$36,868$28,103$21,145$15,732$11,595$7,712
26 years$35,071$26,412$19,611$14,384$10,444$6,807
27 years$33,411$24,857$18,210$13,166$9,416$6,013
28 years$31,872$23,422$16,929$12,063$8,496$5,315
29 years$30,441$22,096$15,754$11,062$7,672$4,701
30 years$29,109$20,868$14,674$10,152$6,932$4,159
31 years$27,864$19,727$13,680$9,324$6,267$3,682
32 years$26,700$18,666$12,764$8,569$5,669$3,260
33 years$25,609$17,677$11,918$7,880$5,131$2,888
34 years$24,584$16,753$11,135$7,250$4,645$2,559
35 years$23,620$15,890$10,411$6,674$4,207$2,268
36 years$22,712$15,082$9,739$6,147$3,812$2,011
37 years$21,854$14,325$9,115$5,663$3,455$1,783
38 years$21,044$13,614$8,536$5,220$3,132$1,581
39 years$20,277$12,945$7,997$4,813$2,840$1,403
40 years$19,550$12,316$7,496$4,440$2,576$1,244
41 years$18,861$11,724$7,029$4,096$2,337$1,104
42 years$18,206$11,165$6,593$3,780$2,121$980
43 years$17,583$10,638$6,187$3,490$1,925$869
44 years$16,990$10,141$5,808$3,222$1,747$771
45 years$16,426$9,670$5,453$2,976$1,586$685
46 years$15,887$9,225$5,122$2,749$1,440$608
47 years$15,373$8,803$4,812$2,539$1,308$540
48 years$14,881$8,404$4,522$2,346$1,188$479
49 years$14,411$8,025$4,250$2,169$1,079$425
50 years$13,962$7,666$3,996$2,004$980$377

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 $3,318 every year, while hoping to spend $43,259 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: 41/48/11 Blend
71$14,300,000$14,300,000$14,300,000$14,300,000
72$15,762,023$15,004,123$14,782,473$16,356,782
73$17,323,722$15,693,297$15,231,658$17,463,881
74$19,043,264$16,414,792$15,694,442$18,656,803
75$20,936,704$17,170,144$16,171,233$19,946,940
76$23,021,733$17,960,966$16,662,454$21,343,143
77$25,317,843$18,788,947$17,168,539$22,855,120
78$27,846,515$19,655,857$17,689,938$24,493,520
79$30,631,419$20,563,553$18,227,110$26,270,024
80$33,698,636$21,513,980$18,780,531$28,197,449
81$37,076,909$22,509,176$19,350,690$30,289,864
82$40,797,907$23,551,279$19,938,091$32,562,712
83$44,896,530$24,642,528$20,543,253$35,032,948
84$49,411,235$25,785,272$21,166,712$37,719,190
85$54,384,401$26,981,970$21,809,017$40,641,889
86$59,862,726$28,235,203$22,470,735$43,823,507
87$65,897,671$29,547,675$23,152,452$47,288,722
88$72,545,942$30,922,219$23,854,767$51,064,652
89$79,870,028$32,361,808$24,578,302$55,181,096
90$87,938,790$33,869,555$25,323,694$59,670,809
91$96,828,108$35,448,725$26,091,599$64,569,794
92$106,621,603$37,102,741$26,882,696$69,917,631
93$117,411,422$38,835,190$27,697,681$75,757,842
94$129,299,105$40,649,833$28,537,272$82,138,279
95$142,396,552$42,550,612$29,402,208$89,111,570
96$156,827,069$44,541,662$30,293,252$96,735,596
97$172,726,541$46,627,314$31,211,186$105,074,022
98$190,244,707$48,812,111$32,156,820$114,196,884
99$209,546,577$51,100,814$33,130,983$124,181,228
100$230,813,991$53,498,417$34,134,534$135,111,825