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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$346,832$343,743$340,729$337,787$334,914$322,646
2 years$171,699$168,501$165,402$162,397$159,483$147,260
3 years$113,329$110,117$107,026$104,050$101,182$89,388
4 years$84,150$80,948$77,888$74,962$72,164$60,889
5 years$66,647$63,464$60,444$57,578$54,858$44,132
6 years$54,982$51,823$48,848$46,046$43,407$33,237
7 years$46,653$43,521$40,593$37,857$35,302$25,685
8 years$40,409$37,306$34,426$31,757$29,286$20,215
9 years$35,556$32,481$29,651$27,050$24,663$16,125
10 years$31,675$28,631$25,850$23,317$21,014$12,994
11 years$28,502$25,488$22,758$20,293$18,073$10,553
12 years$25,860$22,877$20,197$17,800$15,662$8,624
13 years$23,626$20,674$18,045$15,714$13,657$7,082
14 years$21,712$18,792$16,214$13,950$11,972$5,839
15 years$20,056$17,167$14,639$12,441$10,541$4,829
16 years$18,608$15,750$13,272$11,139$9,316$4,004
17 years$17,331$14,505$12,077$10,008$8,260$3,327
18 years$16,198$13,404$11,025$9,020$7,345$2,770
19 years$15,185$12,422$10,093$8,150$6,547$2,309
20 years$14,274$11,543$9,263$7,381$5,847$1,927
21 years$13,452$10,752$8,520$6,699$5,233$1,610
22 years$12,705$10,037$7,852$6,091$4,690$1,346
23 years$12,024$9,387$7,250$5,547$4,210$1,126
24 years$11,401$8,795$6,705$5,059$3,784$943
25 years$10,828$8,254$6,210$4,621$3,405$790
26 years$10,301$7,757$5,760$4,225$3,067$662
27 years$9,813$7,301$5,348$3,867$2,766$555
28 years$9,361$6,879$4,972$3,543$2,495$465
29 years$8,941$6,490$4,627$3,249$2,253$390
30 years$8,549$6,129$4,310$2,982$2,036$327
31 years$8,184$5,794$4,018$2,739$1,841$274
32 years$7,842$5,482$3,749$2,517$1,665$230
33 years$7,522$5,192$3,500$2,314$1,507$193
34 years$7,221$4,921$3,270$2,129$1,364$162
35 years$6,937$4,667$3,058$1,960$1,236$136
36 years$6,671$4,430$2,860$1,805$1,120$114
37 years$6,419$4,207$2,677$1,663$1,015$96
38 years$6,181$3,998$2,507$1,533$920$80
39 years$5,956$3,802$2,349$1,414$834$68
40 years$5,742$3,617$2,202$1,304$757$57
41 years$5,540$3,443$2,064$1,203$687$48
42 years$5,347$3,279$1,937$1,110$623$40
43 years$5,164$3,125$1,817$1,025$565$34
44 years$4,990$2,978$1,706$946$513$28
45 years$4,824$2,840$1,602$874$466$24
46 years$4,666$2,709$1,504$807$423$20
47 years$4,515$2,586$1,413$746$384$17
48 years$4,371$2,468$1,328$689$349$14
49 years$4,233$2,357$1,248$637$317$12
50 years$4,101$2,252$1,174$589$288$10

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 $3,841 every year, while hoping to spend $34,485 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: 76/5/19 Blend
71$4,200,000$4,200,000$4,200,000$4,200,000
72$4,632,362$4,409,762$4,344,662$4,963,785
73$5,068,171$4,589,149$4,453,516$5,363,078
74$5,547,277$4,776,169$4,564,862$5,796,112
75$6,074,060$4,971,162$4,678,745$6,269,996
76$6,653,344$5,174,479$4,795,213$6,788,799
77$7,290,447$5,386,491$4,914,315$7,357,002
78$7,991,226$5,607,582$5,036,098$7,979,542
79$8,762,135$5,838,158$5,160,611$8,661,854
80$9,610,285$6,078,639$5,287,903$9,409,925
81$10,543,510$6,329,468$5,418,024$10,230,351
82$11,570,442$6,591,106$5,551,022$11,130,394
83$12,700,594$6,864,037$5,686,948$12,118,057
84$13,944,444$7,148,765$5,825,851$13,202,153
85$15,313,543$7,445,820$5,967,782$14,392,391
86$16,820,612$7,755,753$6,112,790$15,699,467
87$18,479,672$8,079,143$6,260,927$17,135,163
88$20,306,173$8,416,594$6,412,241$18,712,460
89$22,317,136$8,768,741$6,566,785$20,445,658
90$24,531,319$9,136,244$6,724,607$22,350,510
91$26,969,390$9,519,797$6,885,759$24,444,375
92$29,654,125$9,920,124$7,050,288$26,746,373
93$32,610,619$10,337,984$7,218,247$29,277,574
94$35,866,526$10,774,169$7,389,682$32,061,189
95$39,452,319$11,229,511$7,564,644$35,122,793
96$43,401,577$11,704,878$7,743,180$38,490,564
97$47,751,300$12,201,179$7,925,339$42,195,548
98$52,542,261$12,719,366$8,111,167$46,271,953
99$57,819,392$13,260,434$8,300,711$50,757,471
100$63,632,200$13,825,427$8,494,015$55,693,630