Can I retire at age 72 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$371,606$368,296$365,066$361,914$358,836$346,933
2 years$183,963$180,537$177,217$173,997$170,874$158,998
3 years$121,424$117,983$114,671$111,482$108,410$96,932
4 years$90,160$86,730$83,451$80,316$77,319$66,329
5 years$71,407$67,997$64,761$61,691$58,776$48,303
6 years$58,909$55,525$52,337$49,334$46,508$36,559
7 years$49,985$46,630$43,492$40,561$37,823$28,398
8 years$43,296$39,970$36,885$34,025$31,378$22,469
9 years$38,095$34,801$31,769$28,982$26,425$18,022
10 years$33,937$30,676$27,697$24,983$22,515$14,605
11 years$30,538$27,309$24,384$21,742$19,364$11,931
12 years$27,707$24,511$21,640$19,071$16,780$9,809
13 years$25,313$22,151$19,334$16,837$14,633$8,105
14 years$23,263$20,134$17,372$14,946$12,827$6,724
15 years$21,488$18,393$15,684$13,329$11,294$5,597
16 years$19,937$16,875$14,220$11,935$9,982$4,671
17 years$18,569$15,542$12,940$10,723$8,850$3,907
18 years$17,355$14,361$11,812$9,664$7,869$3,275
19 years$16,270$13,310$10,814$8,732$7,014$2,748
20 years$15,294$12,368$9,924$7,909$6,265$2,310
21 years$14,413$11,520$9,128$7,178$5,607$1,943
22 years$13,612$10,754$8,413$6,526$5,026$1,636
23 years$12,883$10,058$7,768$5,943$4,511$1,379
24 years$12,215$9,424$7,184$5,421$4,055$1,163
25 years$11,602$8,844$6,654$4,951$3,649$981
26 years$11,036$8,311$6,171$4,527$3,287$828
27 years$10,514$7,822$5,731$4,143$2,963$699
28 years$10,030$7,371$5,327$3,796$2,674$590
29 years$9,579$6,953$4,957$3,481$2,414$499
30 years$9,160$6,567$4,618$3,195$2,181$421
31 years$8,769$6,208$4,305$2,934$1,972$356
32 years$8,402$5,874$4,017$2,697$1,784$301
33 years$8,059$5,563$3,750$2,480$1,615$254
34 years$7,736$5,272$3,504$2,282$1,462$215
35 years$7,433$5,000$3,276$2,100$1,324$182
36 years$7,147$4,746$3,065$1,934$1,200$154
37 years$6,877$4,508$2,868$1,782$1,087$130
38 years$6,622$4,284$2,686$1,643$986$110
39 years$6,381$4,074$2,517$1,515$894$93
40 years$6,152$3,876$2,359$1,397$811$79
41 years$5,935$3,689$2,212$1,289$736$67
42 years$5,729$3,514$2,075$1,190$667$56
43 years$5,533$3,348$1,947$1,098$606$48
44 years$5,347$3,191$1,828$1,014$550$40
45 years$5,169$3,043$1,716$936$499$34
46 years$4,999$2,903$1,612$865$453$29
47 years$4,838$2,770$1,514$799$412$24
48 years$4,683$2,645$1,423$738$374$21
49 years$4,535$2,525$1,337$682$339$17
50 years$4,394$2,412$1,257$631$308$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,500,000, adding $4,350 every year, while hoping to spend $34,446 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: 34/45/21 Blend
71$4,500,000$4,500,000$4,500,000$4,500,000
72$4,963,487$4,724,987$4,655,237$5,100,213
73$5,433,112$4,919,861$4,774,537$5,396,678
74$5,949,485$5,123,130$4,896,679$5,712,688
75$6,517,337$5,335,167$5,021,723$6,052,758
76$7,141,881$5,556,367$5,149,726$6,419,039
77$7,828,862$5,787,137$5,280,751$6,813,890
78$8,584,608$6,027,909$5,414,858$7,239,898
79$9,416,092$6,279,131$5,552,110$7,699,902
80$10,330,997$6,541,271$5,692,569$8,197,015
81$11,337,787$6,814,822$5,836,299$8,734,655
82$12,445,791$7,100,298$5,983,364$9,316,573
83$13,665,285$7,398,236$6,133,830$9,946,889
84$15,007,592$7,709,198$6,287,762$10,630,123
85$16,485,192$8,033,774$6,445,227$11,371,245
86$18,111,831$8,372,578$6,606,292$12,175,711
87$19,902,660$8,726,257$6,771,025$13,049,515
88$21,874,372$9,095,483$6,939,494$13,999,247
89$24,045,359$9,480,964$7,111,769$15,032,145
90$26,435,891$9,883,436$7,287,918$16,156,169
91$29,068,301$10,303,674$7,468,013$17,380,065
92$31,967,200$10,742,486$7,652,123$18,713,452
93$35,159,705$11,200,718$7,840,320$20,166,907
94$38,675,699$11,679,257$8,032,675$21,752,058
95$42,548,109$12,179,031$8,229,259$23,481,698
96$46,813,222$12,701,009$8,430,144$25,369,895
97$51,511,020$13,246,208$8,635,404$27,432,126
98$56,685,564$13,815,691$8,845,109$29,685,417
99$62,385,403$14,410,572$9,059,333$32,148,500
100$68,664,041$15,032,017$9,278,147$34,841,988