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%14.9%
1 years$330,316$327,374$324,503$321,702$318,966$312,526
2 years$163,523$160,477$157,526$154,664$151,888$145,428
3 years$107,932$104,874$101,930$99,095$96,364$90,086
4 years$80,143$77,093$74,179$71,392$68,728$62,679
5 years$63,473$60,442$57,566$54,836$52,246$46,444
6 years$52,364$49,356$46,522$43,853$41,340$35,792
7 years$44,431$41,449$38,660$36,054$33,621$28,327
8 years$38,485$35,529$32,787$30,245$27,892$22,851
9 years$33,863$30,935$28,239$25,762$23,489$18,698
10 years$30,167$27,267$24,619$22,207$20,014$15,468
11 years$27,145$24,274$21,675$19,327$17,212$12,906
12 years$24,628$21,787$19,236$16,952$14,916$10,843
13 years$22,501$19,689$17,186$14,966$13,007$9,160
14 years$20,678$17,897$15,441$13,285$11,402$7,774
15 years$19,101$16,349$13,942$11,848$10,039$6,622
16 years$17,722$15,000$12,640$10,609$8,873$5,659
17 years$16,506$13,815$11,502$9,532$7,867$4,849
18 years$15,426$12,765$10,500$8,590$6,995$4,164
19 years$14,462$11,831$9,612$7,762$6,235$3,582
20 years$13,595$10,994$8,821$7,030$5,569$3,087
21 years$12,811$10,240$8,114$6,380$4,984$2,664
22 years$12,100$9,559$7,478$5,801$4,467$2,301
23 years$11,451$8,940$6,905$5,283$4,010$1,990
24 years$10,858$8,376$6,386$4,818$3,604$1,723
25 years$10,313$7,861$5,915$4,400$3,243$1,492
26 years$9,810$7,388$5,486$4,024$2,921$1,293
27 years$9,346$6,953$5,094$3,683$2,634$1,121
28 years$8,915$6,552$4,735$3,374$2,377$973
29 years$8,515$6,181$4,407$3,094$2,146$844
30 years$8,142$5,837$4,105$2,840$1,939$733
31 years$7,794$5,518$3,827$2,608$1,753$637
32 years$7,469$5,221$3,570$2,397$1,586$553
33 years$7,163$4,945$3,334$2,204$1,435$481
34 years$6,877$4,686$3,115$2,028$1,299$418
35 years$6,607$4,445$2,912$1,867$1,177$363
36 years$6,353$4,219$2,724$1,719$1,066$316
37 years$6,113$4,007$2,550$1,584$966$275
38 years$5,886$3,808$2,388$1,460$876$239
39 years$5,672$3,621$2,237$1,346$795$208
40 years$5,469$3,445$2,097$1,242$721$181
41 years$5,276$3,279$1,966$1,146$654$157
42 years$5,093$3,123$1,844$1,057$593$137
43 years$4,918$2,976$1,731$976$538$119
44 years$4,753$2,837$1,624$901$489$104
45 years$4,595$2,705$1,525$832$444$90
46 years$4,444$2,580$1,433$769$403$78
47 years$4,300$2,462$1,346$710$366$68
48 years$4,163$2,351$1,265$656$332$59
49 years$4,031$2,245$1,189$607$302$52
50 years$3,905$2,144$1,118$561$274$45

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 $4,278 every year, while hoping to spend $38,653 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: 72/23/5 Blend
71$4,000,000$4,000,000$4,000,000$4,000,000
72$4,412,413$4,200,413$4,138,413$4,727,890
73$4,821,352$4,365,106$4,235,923$5,101,067
74$5,270,708$4,536,575$4,335,405$5,504,227
75$5,764,562$4,715,109$4,436,882$5,944,505
76$6,307,411$4,901,012$4,540,381$6,425,543
77$6,904,208$5,094,603$4,645,926$6,951,350
78$7,560,413$5,296,214$4,753,539$7,526,339
79$8,282,037$5,506,191$4,863,245$8,155,365
80$9,075,706$5,724,896$4,975,065$8,843,775
81$9,948,721$5,952,708$5,089,022$9,597,451
82$10,909,122$6,190,022$5,205,136$10,422,872
83$11,965,772$6,437,252$5,323,427$11,327,170
84$13,128,433$6,694,831$5,443,915$12,318,197
85$14,407,864$6,963,208$5,566,616$13,404,598
86$15,815,917$7,242,856$5,691,549$14,595,892
87$17,365,652$7,534,268$5,818,728$15,902,563
88$19,071,461$7,837,959$5,948,168$17,336,153
89$20,949,199$8,154,469$6,079,881$18,909,375
90$23,016,339$8,484,359$6,213,878$20,636,227
91$25,292,133$8,828,219$6,350,170$22,532,128
92$27,797,793$9,186,665$6,488,763$24,614,058
93$30,556,695$9,560,339$6,629,664$26,900,721
94$33,594,596$9,949,914$6,772,876$29,412,715
95$36,939,879$10,356,093$6,918,401$32,172,729
96$40,623,817$10,779,612$7,066,238$35,205,756
97$44,680,873$11,221,240$7,216,384$38,539,326
98$49,149,022$11,681,781$7,368,833$42,203,762
99$54,070,109$12,162,075$7,523,575$46,232,469
100$59,490,245$12,663,002$7,680,600$50,662,246