Can I retire at age 72 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$330,316$327,374$324,503$321,702$318,966$314,980
2 years$163,523$160,477$157,526$154,664$151,888$147,878
3 years$107,932$104,874$101,930$99,095$96,364$92,453
4 years$80,143$77,093$74,179$71,392$68,728$64,947
5 years$63,473$60,442$57,566$54,836$52,246$48,606
6 years$52,364$49,356$46,522$43,853$41,340$37,846
7 years$44,431$41,449$38,660$36,054$33,621$30,273
8 years$38,485$35,529$32,787$30,245$27,892$24,690
9 years$33,863$30,935$28,239$25,762$23,489$20,432
10 years$30,167$27,267$24,619$22,207$20,014$17,100
11 years$27,145$24,274$21,675$19,327$17,212$14,439
12 years$24,628$21,787$19,236$16,952$14,916$12,280
13 years$22,501$19,689$17,186$14,966$13,007$10,505
14 years$20,678$17,897$15,441$13,285$11,402$9,030
15 years$19,101$16,349$13,942$11,848$10,039$7,793
16 years$17,722$15,000$12,640$10,609$8,873$6,749
17 years$16,506$13,815$11,502$9,532$7,867$5,861
18 years$15,426$12,765$10,500$8,590$6,995$5,103
19 years$14,462$11,831$9,612$7,762$6,235$4,452
20 years$13,595$10,994$8,821$7,030$5,569$3,891
21 years$12,811$10,240$8,114$6,380$4,984$3,406
22 years$12,100$9,559$7,478$5,801$4,467$2,986
23 years$11,451$8,940$6,905$5,283$4,010$2,620
24 years$10,858$8,376$6,386$4,818$3,604$2,302
25 years$10,313$7,861$5,915$4,400$3,243$2,024
26 years$9,810$7,388$5,486$4,024$2,921$1,781
27 years$9,346$6,953$5,094$3,683$2,634$1,568
28 years$8,915$6,552$4,735$3,374$2,377$1,382
29 years$8,515$6,181$4,407$3,094$2,146$1,218
30 years$8,142$5,837$4,105$2,840$1,939$1,074
31 years$7,794$5,518$3,827$2,608$1,753$948
32 years$7,469$5,221$3,570$2,397$1,586$837
33 years$7,163$4,945$3,334$2,204$1,435$739
34 years$6,877$4,686$3,115$2,028$1,299$652
35 years$6,607$4,445$2,912$1,867$1,177$576
36 years$6,353$4,219$2,724$1,719$1,066$509
37 years$6,113$4,007$2,550$1,584$966$450
38 years$5,886$3,808$2,388$1,460$876$398
39 years$5,672$3,621$2,237$1,346$795$351
40 years$5,469$3,445$2,097$1,242$721$311
41 years$5,276$3,279$1,966$1,146$654$275
42 years$5,093$3,123$1,844$1,057$593$243
43 years$4,918$2,976$1,731$976$538$215
44 years$4,753$2,837$1,624$901$489$190
45 years$4,595$2,705$1,525$832$444$168
46 years$4,444$2,580$1,433$769$403$149
47 years$4,300$2,462$1,346$710$366$132
48 years$4,163$2,351$1,265$656$332$116
49 years$4,031$2,245$1,189$607$302$103
50 years$3,905$2,144$1,118$561$274$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,000,000, adding $2,382 every year, while hoping to spend $29,943 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: 55/22/23 Blend
71$4,000,000$4,000,000$4,000,000$4,000,000
72$4,410,457$4,198,457$4,136,457$4,625,171
73$4,828,465$4,372,322$4,243,169$4,946,576
74$5,288,105$4,553,703$4,352,453$5,293,075
75$5,793,594$4,742,937$4,464,362$5,669,802
76$6,349,575$4,940,375$4,578,953$6,079,665
77$6,961,165$5,146,387$4,696,280$6,525,864
78$7,634,000$5,361,356$4,816,403$7,011,919
79$8,374,293$5,585,688$4,939,377$7,541,701
80$9,188,887$5,819,803$5,065,262$8,119,469
81$10,085,323$6,064,142$5,194,118$8,749,910
82$11,071,909$6,319,168$5,326,004$9,438,181
83$12,157,800$6,585,364$5,460,981$10,189,956
84$13,353,084$6,863,235$5,599,112$11,011,480
85$14,668,874$7,153,309$5,740,459$11,909,629
86$16,117,420$7,456,142$5,885,084$12,891,967
87$17,712,215$7,772,311$6,033,053$13,966,823
88$19,468,130$8,102,423$6,184,429$15,143,365
89$21,401,551$8,447,113$6,339,279$16,431,686
90$23,530,531$8,807,045$6,497,667$17,842,899
91$25,874,968$9,182,912$6,659,662$19,389,238
92$28,456,784$9,575,444$6,825,329$21,084,176
93$31,300,135$9,985,400$6,994,737$22,942,545
94$34,431,642$10,413,578$7,167,954$24,980,680
95$37,880,638$10,860,812$7,345,049$27,216,569
96$41,679,447$11,327,975$7,526,092$29,670,021
97$45,863,685$11,815,981$7,711,151$32,362,853
98$50,472,604$12,325,786$7,900,297$35,319,090
99$55,549,453$12,858,393$8,093,600$38,565,195
100$61,141,893$13,414,850$8,291,132$42,130,313