Can I retire at age 72 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$379,864$376,480$373,179$369,957$366,810$363,434
2 years$188,051$184,549$181,155$177,864$174,672$171,269
3 years$124,122$120,605$117,219$113,959$110,819$107,497
4 years$92,164$88,657$85,306$82,101$79,037$75,820
5 years$72,994$69,508$66,201$63,062$60,083$56,981
6 years$60,218$56,759$53,500$50,431$47,541$44,559
7 years$51,096$47,666$44,459$41,462$38,664$35,802
8 years$44,258$40,859$37,704$34,781$32,075$29,333
9 years$38,942$35,575$32,475$29,626$27,012$24,389
10 years$34,692$31,357$28,312$25,538$23,016$20,511
11 years$31,216$27,916$24,926$22,226$19,794$17,405
12 years$28,322$25,056$22,121$19,495$17,153$14,877
13 years$25,876$22,643$19,764$17,211$14,958$12,793
14 years$23,780$20,582$17,758$15,278$13,112$11,055
15 years$21,966$18,802$16,033$13,625$11,545$9,593
16 years$20,380$17,250$14,536$12,200$10,203$8,353
17 years$18,982$15,887$13,227$10,962$9,047$7,296
18 years$17,740$14,680$12,075$9,879$8,044$6,388
19 years$16,631$13,605$11,054$8,926$7,170$5,606
20 years$15,634$12,643$10,145$8,084$6,404$4,928
21 years$14,733$11,776$9,331$7,337$5,731$4,340
22 years$13,915$10,993$8,600$6,671$5,137$3,827
23 years$13,169$10,281$7,941$6,075$4,611$3,379
24 years$12,487$9,633$7,344$5,541$4,145$2,987
25 years$11,860$9,040$6,802$5,061$3,730$2,643
26 years$11,282$8,496$6,308$4,627$3,360$2,341
27 years$10,748$7,996$5,858$4,235$3,029$2,074
28 years$10,252$7,534$5,446$3,880$2,733$1,839
29 years$9,792$7,108$5,068$3,558$2,468$1,632
30 years$9,364$6,713$4,720$3,266$2,230$1,449
31 years$8,963$6,346$4,401$2,999$2,016$1,287
32 years$8,589$6,004$4,106$2,756$1,824$1,143
33 years$8,238$5,686$3,834$2,535$1,650$1,016
34 years$7,908$5,389$3,582$2,332$1,494$903
35 years$7,598$5,112$3,349$2,147$1,353$803
36 years$7,306$4,852$3,133$1,977$1,226$714
37 years$7,030$4,608$2,932$1,822$1,111$636
38 years$6,769$4,379$2,746$1,679$1,008$566
39 years$6,523$4,164$2,573$1,548$914$503
40 years$6,289$3,962$2,411$1,428$829$448
41 years$6,067$3,771$2,261$1,318$752$399
42 years$5,856$3,592$2,121$1,216$682$355
43 years$5,656$3,422$1,990$1,122$619$316
44 years$5,465$3,262$1,868$1,036$562$282
45 years$5,284$3,111$1,754$957$510$251
46 years$5,110$2,967$1,648$884$463$224
47 years$4,945$2,832$1,548$817$421$199
48 years$4,787$2,703$1,455$755$382$177
49 years$4,636$2,582$1,367$698$347$158
50 years$4,491$2,466$1,285$645$315$141

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,600,000, adding $4,686 every year, while hoping to spend $57,880 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: 38/41/21 Blend
71$4,600,000$4,600,000$4,600,000$4,600,000
72$5,074,034$4,830,234$4,758,934$5,234,774
73$5,530,001$5,005,331$4,856,774$5,526,634
74$6,030,538$5,187,069$4,955,952$5,836,055
75$6,580,128$5,375,710$5,056,452$6,169,278
76$7,183,712$5,571,531$5,158,254$6,528,486
77$7,846,733$5,774,818$5,261,338$6,916,077
78$8,575,185$5,985,871$5,365,679$7,334,686
79$9,375,675$6,204,999$5,471,250$7,787,206
80$10,255,478$6,432,528$5,578,021$8,276,817
81$11,222,611$6,668,796$5,685,958$8,807,015
82$12,285,905$6,914,155$5,795,026$9,381,641
83$13,455,090$7,168,971$5,905,182$10,004,920
84$14,740,887$7,433,629$6,016,384$10,681,496
85$16,155,107$7,708,526$6,128,582$11,416,476
86$17,710,763$7,994,079$6,241,724$12,215,477
87$19,422,192$8,290,720$6,355,753$13,084,677
88$21,305,193$8,598,902$6,470,608$14,030,874
89$23,377,170$8,919,096$6,586,221$15,061,543
90$25,657,303$9,251,794$6,702,521$16,184,912
91$28,166,723$9,597,507$6,819,431$17,410,035
92$30,928,714$9,956,769$6,936,867$18,746,872
93$33,968,930$10,330,139$7,054,740$20,206,389
94$37,315,642$10,718,196$7,172,954$21,800,652
95$40,999,997$11,121,548$7,291,408$23,542,944
96$45,056,319$11,540,826$7,409,992$25,447,886
97$49,522,427$11,976,689$7,528,590$27,531,574
98$54,439,994$12,429,827$7,647,077$29,811,729
99$59,854,940$12,900,955$7,765,322$32,307,861
100$65,817,867$13,390,825$7,883,183$35,041,450