Can I retire at age 72 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,155,158
2 years$600,947$589,755$578,908$568,391$558,190$541,058
3 years$396,652$385,411$374,592$364,174$354,139$337,447
4 years$294,524$283,318$272,607$262,367$252,575$236,453
5 years$233,263$222,125$211,554$201,523$192,003$176,498
6 years$192,436$181,382$170,967$161,159$151,926$137,055
7 years$163,286$152,324$142,074$132,498$123,556$109,325
8 years$141,433$130,570$120,490$111,149$102,502$88,908
9 years$124,445$113,684$103,778$94,674$86,321$73,359
10 years$110,862$100,207$90,476$81,610$73,550$61,208
11 years$99,757$89,209$79,654$71,025$63,256$51,523
12 years$90,509$80,069$70,691$62,299$54,816$43,678
13 years$82,690$72,359$63,158$55,001$47,801$37,242
14 years$75,993$65,772$56,747$48,823$41,902$31,906
15 years$70,195$60,084$51,235$43,542$36,894$27,443
16 years$65,127$55,126$46,452$38,987$32,607$23,683
17 years$60,659$50,769$42,270$35,029$28,911$20,496
18 years$56,692$46,913$38,587$31,569$25,707$17,780
19 years$53,147$43,478$35,324$28,525$22,913$15,456
20 years$49,961$40,402$32,419$25,835$20,466$13,459
21 years$47,081$37,633$29,819$23,447$18,315$11,738
22 years$44,467$35,129$27,483$21,318$16,417$10,250
23 years$42,084$32,856$25,376$19,415$14,737$8,961
24 years$39,903$30,784$23,468$17,708$13,246$7,841
25 years$37,899$28,889$21,736$16,172$11,919$6,867
26 years$36,052$27,151$20,159$14,787$10,736$6,019
27 years$34,345$25,552$18,720$13,535$9,680$5,279
28 years$32,763$24,078$17,402$12,401$8,734$4,632
29 years$31,293$22,714$16,194$11,372$7,887$4,067
30 years$29,923$21,451$15,084$10,436$7,126$3,572
31 years$28,644$20,279$14,063$9,585$6,443$3,139
32 years$27,447$19,188$13,121$8,809$5,828$2,759
33 years$26,326$18,171$12,251$8,100$5,274$2,426
34 years$25,272$17,222$11,447$7,453$4,775$2,133
35 years$24,281$16,335$10,702$6,861$4,325$1,876
36 years$23,347$15,504$10,011$6,319$3,919$1,651
37 years$22,466$14,725$9,370$5,822$3,552$1,453
38 years$21,633$13,994$8,775$5,366$3,220$1,278
39 years$20,844$13,307$8,221$4,948$2,920$1,125
40 years$20,097$12,661$7,706$4,564$2,648$991
41 years$19,388$12,052$7,225$4,211$2,403$872
42 years$18,715$11,478$6,778$3,886$2,180$768
43 years$18,075$10,936$6,360$3,587$1,979$676
44 years$17,466$10,424$5,970$3,312$1,796$595
45 years$16,885$9,941$5,606$3,059$1,631$524
46 years$16,331$9,483$5,265$2,825$1,480$462
47 years$15,803$9,050$4,946$2,610$1,344$407
48 years$15,298$8,639$4,648$2,412$1,221$358
49 years$14,815$8,250$4,369$2,229$1,109$316
50 years$14,352$7,881$4,107$2,060$1,007$278

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,700,000, adding $3,287 every year, while hoping to spend $39,380 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: 41/42/17 Blend
71$14,700,000$14,700,000$14,700,000$14,700,000
72$16,202,791$15,423,691$15,195,841$16,785,717
73$17,813,575$16,137,551$15,663,001$17,913,176
74$19,587,340$16,885,072$16,144,492$19,128,626
75$21,540,667$17,667,859$16,640,751$20,443,342
76$23,691,830$18,487,598$17,152,231$21,866,401
77$26,060,962$19,346,056$17,679,396$23,407,761
78$28,670,252$20,245,085$18,222,728$25,078,347
79$31,544,148$21,186,624$18,782,719$26,890,147
80$34,709,592$22,172,710$19,359,881$28,856,320
81$38,196,271$23,205,473$19,954,738$30,991,311
82$42,036,900$24,287,151$20,567,831$33,310,982
83$46,267,528$25,420,085$21,199,718$35,832,751
84$50,927,881$26,606,734$21,850,973$38,575,750
85$56,061,733$27,849,672$22,522,189$41,560,996
86$61,717,323$29,151,600$23,213,975$44,811,582
87$67,947,808$30,515,346$23,926,961$48,352,882
88$74,811,765$31,943,879$24,661,795$52,212,783
89$82,373,744$33,440,307$25,419,144$56,421,939
90$90,704,877$35,007,894$26,199,697$61,014,045
91$99,883,549$36,650,055$27,004,161$66,026,149
92$109,996,139$38,370,376$27,833,269$71,498,985
93$121,137,834$40,172,613$28,687,772$77,477,350
94$133,413,528$42,060,706$29,568,448$84,010,507
95$146,938,811$44,038,784$30,476,094$91,152,643
96$161,841,062$46,111,177$31,411,535$98,963,363
97$178,260,649$48,282,423$32,375,620$107,508,237
98$196,352,256$50,557,282$33,369,223$116,859,404
99$216,286,340$52,940,743$34,393,247$127,096,239
100$238,250,745$55,438,038$35,448,619$138,306,079