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%15.9%
1 years$355,090$351,927$348,841$345,829$342,888$334,599
2 years$175,787$172,513$169,340$166,264$163,280$154,979
3 years$116,027$112,739$109,574$106,527$103,592$95,537
4 years$86,153$82,875$79,742$76,747$73,882$66,137
5 years$68,234$64,975$61,883$58,949$56,164$48,750
6 years$56,291$53,057$50,011$47,142$44,441$37,365
7 years$47,764$44,557$41,559$38,758$36,142$29,406
8 years$41,371$38,194$35,245$32,513$29,984$23,583
9 years$36,402$33,255$30,357$27,694$25,250$19,182
10 years$32,429$29,312$26,466$23,872$21,515$15,770
11 years$29,181$26,095$23,300$20,776$18,503$13,075
12 years$26,475$23,422$20,678$18,223$16,035$10,913
13 years$24,188$21,166$18,475$16,089$13,982$9,158
14 years$22,229$19,239$16,600$14,282$12,257$7,720
15 years$20,533$17,576$14,987$12,737$10,792$6,531
16 years$19,051$16,125$13,588$11,404$9,538$5,541
17 years$17,744$14,851$12,365$10,247$8,457$4,714
18 years$16,583$13,723$11,287$9,234$7,520$4,018
19 years$15,546$12,718$10,333$8,344$6,702$3,431
20 years$14,614$11,818$9,483$7,557$5,987$2,935
21 years$13,772$11,008$8,723$6,859$5,357$2,513
22 years$13,007$10,276$8,039$6,236$4,802$2,154
23 years$12,310$9,611$7,423$5,679$4,311$1,849
24 years$11,672$9,005$6,865$5,180$3,875$1,587
25 years$11,086$8,450$6,358$4,731$3,487$1,364
26 years$10,546$7,942$5,897$4,325$3,141$1,173
27 years$10,047$7,474$5,476$3,959$2,831$1,009
28 years$9,584$7,043$5,090$3,627$2,555$868
29 years$9,154$6,644$4,737$3,326$2,307$747
30 years$8,753$6,275$4,412$3,053$2,085$644
31 years$8,379$5,932$4,114$2,804$1,885$554
32 years$8,029$5,613$3,838$2,577$1,705$478
33 years$7,701$5,315$3,584$2,369$1,543$412
34 years$7,393$5,038$3,348$2,180$1,397$355
35 years$7,103$4,778$3,130$2,007$1,265$306
36 years$6,829$4,535$2,928$1,848$1,146$264
37 years$6,572$4,307$2,741$1,703$1,039$227
38 years$6,328$4,094$2,567$1,570$942$196
39 years$6,097$3,893$2,405$1,447$854$169
40 years$5,879$3,704$2,254$1,335$775$146
41 years$5,671$3,525$2,114$1,232$703$126
42 years$5,475$3,357$1,983$1,137$638$108
43 years$5,287$3,199$1,860$1,049$579$94
44 years$5,109$3,049$1,746$969$525$81
45 years$4,939$2,908$1,640$895$477$70
46 years$4,777$2,774$1,540$826$433$60
47 years$4,623$2,647$1,447$764$393$52
48 years$4,475$2,527$1,360$706$357$45
49 years$4,334$2,413$1,278$652$324$39
50 years$4,198$2,305$1,202$603$295$33

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 $4,345 every year, while hoping to spend $22,287 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: 60/18/22 Blend
71$4,300,000$4,300,000$4,300,000$4,300,000
72$4,743,082$4,515,182$4,448,532$4,999,798
73$5,203,163$4,712,713$4,573,844$5,371,976
74$5,709,425$4,919,175$4,702,608$5,775,036
75$6,266,556$5,134,984$4,834,915$6,214,302
76$6,879,720$5,360,573$4,970,859$6,693,292
77$7,554,606$5,596,396$5,110,538$7,215,877
78$8,297,485$5,842,928$5,254,050$7,786,315
79$9,115,265$6,100,669$5,401,497$8,409,290
80$10,015,559$6,370,139$5,552,985$9,089,960
81$11,006,755$6,651,885$5,708,619$9,833,996
82$12,098,096$6,946,479$5,868,509$10,647,644
83$13,299,766$7,254,521$6,032,769$11,537,777
84$14,622,988$7,576,638$6,201,512$12,511,959
85$16,080,128$7,913,488$6,374,858$13,578,519
86$17,684,812$8,265,760$6,552,927$14,746,624
87$19,452,056$8,634,176$6,735,843$16,026,366
88$21,398,407$9,019,491$6,923,734$17,428,858
89$23,542,095$9,422,497$7,116,730$18,966,334
90$25,903,212$9,844,023$7,314,965$20,652,265
91$28,503,899$10,284,939$7,518,574$22,501,485
92$31,368,549$10,746,154$7,727,700$24,530,329
93$34,524,048$11,228,622$7,942,484$26,756,784
94$38,000,018$11,733,342$8,163,075$29,200,660
95$41,829,105$12,261,360$8,389,623$31,883,773
96$46,047,281$12,813,774$8,622,282$34,830,152
97$50,694,186$13,391,731$8,861,211$38,066,259
98$55,813,503$13,996,437$9,106,572$41,621,241
99$61,453,369$14,629,150$9,358,530$45,527,203
100$67,666,828$15,291,194$9,617,256$49,819,505