Can I retire at age 72 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$355,090$351,927$348,841$345,829$342,888$332,178
2 years$175,787$172,513$169,340$166,264$163,280$152,585
3 years$116,027$112,739$109,574$106,527$103,592$93,247
4 years$86,153$82,875$79,742$76,747$73,882$63,968
5 years$68,234$64,975$61,883$58,949$56,164$46,707
6 years$56,291$53,057$50,011$47,142$44,441$35,448
7 years$47,764$44,557$41,559$38,758$36,142$27,614
8 years$41,371$38,194$35,245$32,513$29,984$21,913
9 years$36,402$33,255$30,357$27,694$25,250$17,630
10 years$32,429$29,312$26,466$23,872$21,515$14,332
11 years$29,181$26,095$23,300$20,776$18,503$11,746
12 years$26,475$23,422$20,678$18,223$16,035$9,689
13 years$24,188$21,166$18,475$16,089$13,982$8,033
14 years$22,229$19,239$16,600$14,282$12,257$6,687
15 years$20,533$17,576$14,987$12,737$10,792$5,586
16 years$19,051$16,125$13,588$11,404$9,538$4,679
17 years$17,744$14,851$12,365$10,247$8,457$3,929
18 years$16,583$13,723$11,287$9,234$7,520$3,305
19 years$15,546$12,718$10,333$8,344$6,702$2,784
20 years$14,614$11,818$9,483$7,557$5,987$2,349
21 years$13,772$11,008$8,723$6,859$5,357$1,984
22 years$13,007$10,276$8,039$6,236$4,802$1,677
23 years$12,310$9,611$7,423$5,679$4,311$1,419
24 years$11,672$9,005$6,865$5,180$3,875$1,201
25 years$11,086$8,450$6,358$4,731$3,487$1,017
26 years$10,546$7,942$5,897$4,325$3,141$862
27 years$10,047$7,474$5,476$3,959$2,831$731
28 years$9,584$7,043$5,090$3,627$2,555$620
29 years$9,154$6,644$4,737$3,326$2,307$526
30 years$8,753$6,275$4,412$3,053$2,085$446
31 years$8,379$5,932$4,114$2,804$1,885$378
32 years$8,029$5,613$3,838$2,577$1,705$321
33 years$7,701$5,315$3,584$2,369$1,543$273
34 years$7,393$5,038$3,348$2,180$1,397$232
35 years$7,103$4,778$3,130$2,007$1,265$197
36 years$6,829$4,535$2,928$1,848$1,146$167
37 years$6,572$4,307$2,741$1,703$1,039$142
38 years$6,328$4,094$2,567$1,570$942$120
39 years$6,097$3,893$2,405$1,447$854$102
40 years$5,879$3,704$2,254$1,335$775$87
41 years$5,671$3,525$2,114$1,232$703$74
42 years$5,475$3,357$1,983$1,137$638$63
43 years$5,287$3,199$1,860$1,049$579$53
44 years$5,109$3,049$1,746$969$525$45
45 years$4,939$2,908$1,640$895$477$38
46 years$4,777$2,774$1,540$826$433$33
47 years$4,623$2,647$1,447$764$393$28
48 years$4,475$2,527$1,360$706$357$24
49 years$4,334$2,413$1,278$652$324$20
50 years$4,198$2,305$1,202$603$295$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,300,000, adding $4,905 every year, while hoping to spend $21,503 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: 69/5/26 Blend
71$4,300,000$4,300,000$4,300,000$4,300,000
72$4,743,660$4,515,760$4,449,110$5,038,943
73$5,204,634$4,714,153$4,575,276$5,436,045
74$5,711,907$4,921,546$4,704,948$5,867,546
75$6,270,178$5,138,359$4,838,220$6,339,288
76$6,884,626$5,365,029$4,975,191$6,855,259
77$7,560,957$5,602,014$5,115,959$7,419,848
78$8,305,458$5,849,796$5,260,627$8,037,888
79$9,125,057$6,108,878$5,409,299$8,714,701
80$10,027,386$6,379,787$5,562,084$9,456,149
81$11,020,857$6,663,074$5,719,092$10,268,686
82$12,114,739$6,959,319$5,880,437$11,159,420
83$13,319,245$7,269,128$6,046,233$12,136,180
84$14,645,627$7,593,134$6,216,601$13,207,588
85$16,106,286$7,932,003$6,391,662$14,383,141
86$17,714,887$8,286,431$6,571,543$15,673,300
87$19,486,486$8,657,147$6,756,370$17,089,586
88$21,437,677$9,044,916$6,946,277$18,644,691
89$23,586,741$9,450,538$7,141,399$20,352,596
90$25,953,825$9,874,851$7,341,873$22,228,701
91$28,561,132$10,318,735$7,547,842$24,289,972
92$31,433,124$10,783,110$7,759,451$26,555,098
93$34,596,760$11,268,940$7,976,850$29,044,669
94$38,081,747$11,777,236$8,200,192$31,781,367
95$41,920,821$12,309,056$8,429,634$34,790,181
96$46,150,054$12,865,509$8,665,336$38,098,643
97$50,809,198$13,447,757$8,907,464$41,737,084
98$55,942,057$14,057,019$9,156,185$45,738,922
99$61,596,904$14,694,569$9,411,674$50,140,973
100$67,826,931$15,361,746$9,674,107$54,983,804