Can I retire at age 72 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$346,832$343,743$340,729$337,787$334,914$321,626
2 years$171,699$168,501$165,402$162,397$159,483$146,260
3 years$113,329$110,117$107,026$104,050$101,182$88,441
4 years$84,150$80,948$77,888$74,962$72,164$60,002
5 years$66,647$63,464$60,444$57,578$54,858$43,305
6 years$54,982$51,823$48,848$46,046$43,407$32,471
7 years$46,653$43,521$40,593$37,857$35,302$24,979
8 years$40,409$37,306$34,426$31,757$29,286$19,566
9 years$35,556$32,481$29,651$27,050$24,663$15,530
10 years$31,675$28,631$25,850$23,317$21,014$12,451
11 years$28,502$25,488$22,758$20,293$18,073$10,060
12 years$25,860$22,877$20,197$17,800$15,662$8,177
13 years$23,626$20,674$18,045$15,714$13,657$6,678
14 years$21,712$18,792$16,214$13,950$11,972$5,475
15 years$20,056$17,167$14,639$12,441$10,541$4,502
16 years$18,608$15,750$13,272$11,139$9,316$3,712
17 years$17,331$14,505$12,077$10,008$8,260$3,066
18 years$16,198$13,404$11,025$9,020$7,345$2,537
19 years$15,185$12,422$10,093$8,150$6,547$2,102
20 years$14,274$11,543$9,263$7,381$5,847$1,744
21 years$13,452$10,752$8,520$6,699$5,233$1,448
22 years$12,705$10,037$7,852$6,091$4,690$1,203
23 years$12,024$9,387$7,250$5,547$4,210$1,000
24 years$11,401$8,795$6,705$5,059$3,784$832
25 years$10,828$8,254$6,210$4,621$3,405$692
26 years$10,301$7,757$5,760$4,225$3,067$577
27 years$9,813$7,301$5,348$3,867$2,766$480
28 years$9,361$6,879$4,972$3,543$2,495$400
29 years$8,941$6,490$4,627$3,249$2,253$333
30 years$8,549$6,129$4,310$2,982$2,036$278
31 years$8,184$5,794$4,018$2,739$1,841$231
32 years$7,842$5,482$3,749$2,517$1,665$193
33 years$7,522$5,192$3,500$2,314$1,507$161
34 years$7,221$4,921$3,270$2,129$1,364$134
35 years$6,937$4,667$3,058$1,960$1,236$112
36 years$6,671$4,430$2,860$1,805$1,120$93
37 years$6,419$4,207$2,677$1,663$1,015$78
38 years$6,181$3,998$2,507$1,533$920$65
39 years$5,956$3,802$2,349$1,414$834$54
40 years$5,742$3,617$2,202$1,304$757$45
41 years$5,540$3,443$2,064$1,203$687$38
42 years$5,347$3,279$1,937$1,110$623$31
43 years$5,164$3,125$1,817$1,025$565$26
44 years$4,990$2,978$1,706$946$513$22
45 years$4,824$2,840$1,602$874$466$18
46 years$4,666$2,709$1,504$807$423$15
47 years$4,515$2,586$1,413$746$384$13
48 years$4,371$2,468$1,328$689$349$11
49 years$4,233$2,357$1,248$637$317$9
50 years$4,101$2,252$1,174$589$288$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,200,000, adding $4,056 every year, while hoping to spend $37,068 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: 43/34/23 Blend
71$4,200,000$4,200,000$4,200,000$4,200,000
72$4,632,584$4,409,984$4,344,884$4,800,576
73$5,065,667$4,586,633$4,450,997$5,097,001
74$5,541,683$4,770,695$4,559,423$5,414,071
75$6,064,971$4,962,496$4,670,200$5,756,864
76$6,640,312$5,162,372$4,783,366$6,127,773
77$7,272,974$5,370,679$4,898,959$6,529,431
78$7,968,762$5,587,787$5,017,019$6,964,730
79$8,734,069$5,814,082$5,137,582$7,436,847
80$9,575,941$6,049,969$5,260,689$7,949,273
81$10,502,141$6,295,871$5,386,375$8,505,846
82$11,521,220$6,552,230$5,514,680$9,110,788
83$12,642,604$6,819,508$5,645,640$9,768,736
84$13,876,674$7,098,188$5,779,294$10,484,793
85$15,234,872$7,388,777$5,915,678$11,264,568
86$16,729,804$7,691,802$6,054,828$12,114,233
87$18,375,359$8,007,815$6,196,780$13,040,575
88$20,186,844$8,337,396$6,341,570$14,051,061
89$22,181,121$8,681,148$6,489,232$15,153,907
90$24,376,774$9,039,703$6,639,800$16,358,151
91$26,794,279$9,413,722$6,793,307$17,673,741
92$29,456,198$9,803,897$6,949,785$19,111,621
93$32,387,393$10,210,951$7,109,266$20,683,840
94$35,615,261$10,635,641$7,271,780$22,403,655
95$39,169,987$11,078,757$7,437,355$24,285,660
96$43,084,838$11,541,129$7,606,018$26,345,920
97$47,396,469$12,023,621$7,777,797$28,602,121
98$52,145,270$12,527,140$7,952,715$31,073,730
99$57,375,752$13,052,634$8,130,794$33,782,183
100$63,136,960$13,601,094$8,312,058$36,751,080