Can I retire at age 72 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$396,380$392,849$389,404$386,042$382,759$380,666
2 years$196,227$192,573$189,031$185,597$182,266$180,154
3 years$129,519$125,849$122,316$118,914$115,637$113,572
4 years$96,171$92,512$89,014$85,671$82,473$80,470
5 years$76,168$72,531$69,079$65,803$62,695$60,760
6 years$62,836$59,227$55,826$52,623$49,608$47,744
7 years$53,318$49,738$46,392$43,265$40,345$38,552
8 years$46,182$42,635$39,344$36,294$33,470$31,749
9 years$40,635$37,121$33,887$30,914$28,187$26,537
10 years$36,200$32,721$29,543$26,648$24,016$22,438
11 years$32,574$29,129$26,009$23,192$20,655$19,146
12 years$29,554$26,145$23,083$20,342$17,899$16,458
13 years$27,001$23,627$20,623$17,959$15,608$14,234
14 years$24,814$21,477$18,530$15,942$13,682$12,373
15 years$22,921$19,619$16,730$14,218$12,047$10,802
16 years$21,266$18,000$15,168$12,730$10,647$9,464
17 years$19,807$16,578$13,802$11,438$9,440$8,317
18 years$18,512$15,318$12,600$10,308$8,394$7,329
19 years$17,354$14,197$11,534$9,314$7,482$6,473
20 years$16,314$13,193$10,586$8,436$6,683$5,728
21 years$15,373$12,288$9,737$7,656$5,980$5,078
22 years$14,520$11,471$8,974$6,961$5,361$4,508
23 years$13,742$10,728$8,286$6,340$4,812$4,008
24 years$13,029$10,052$7,663$5,782$4,325$3,567
25 years$12,375$9,433$7,098$5,281$3,892$3,178
26 years$11,772$8,866$6,583$4,828$3,506$2,834
27 years$11,215$8,344$6,113$4,419$3,161$2,530
28 years$10,698$7,862$5,682$4,049$2,852$2,259
29 years$10,218$7,417$5,288$3,713$2,575$2,019
30 years$9,771$7,005$4,926$3,408$2,327$1,806
31 years$9,353$6,622$4,592$3,130$2,104$1,615
32 years$8,962$6,265$4,284$2,876$1,903$1,446
33 years$8,596$5,933$4,000$2,645$1,722$1,295
34 years$8,252$5,624$3,738$2,434$1,559$1,160
35 years$7,928$5,334$3,494$2,240$1,412$1,039
36 years$7,624$5,063$3,269$2,063$1,280$931
37 years$7,336$4,808$3,060$1,901$1,160$835
38 years$7,064$4,570$2,865$1,752$1,051$749
39 years$6,806$4,345$2,684$1,616$953$671
40 years$6,562$4,134$2,516$1,490$865$602
41 years$6,331$3,935$2,359$1,375$785$540
42 years$6,111$3,748$2,213$1,269$712$485
43 years$5,902$3,571$2,077$1,171$646$435
44 years$5,703$3,404$1,949$1,082$586$391
45 years$5,513$3,246$1,830$999$532$351
46 years$5,333$3,096$1,719$923$483$315
47 years$5,160$2,955$1,615$852$439$283
48 years$4,995$2,821$1,518$788$399$254
49 years$4,837$2,694$1,427$728$362$228
50 years$4,686$2,573$1,341$673$329$205

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,800,000, adding $2,025 every year, while hoping to spend $39,734 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: 30/41/29 Blend
71$4,800,000$4,800,000$4,800,000$4,800,000
72$5,291,689$5,037,289$4,962,889$5,403,246
73$5,789,164$5,241,839$5,086,869$5,695,525
74$6,336,051$5,455,081$5,213,671$6,006,124
75$6,937,346$5,677,398$5,343,347$6,339,477
76$7,598,556$5,909,191$5,475,950$6,697,594
77$8,325,748$6,150,881$5,611,533$7,082,677
78$9,125,607$6,402,906$5,750,152$7,497,140
79$10,005,495$6,665,725$5,891,858$7,943,633
80$10,973,528$6,939,819$6,036,708$8,425,060
81$12,038,646$7,225,688$6,184,756$8,944,610
82$13,210,700$7,523,858$6,336,057$9,505,781
83$14,500,542$7,834,878$6,490,666$10,112,414
84$15,920,132$8,159,322$6,648,638$10,768,727
85$17,482,647$8,497,790$6,810,029$11,479,351
86$19,202,607$8,850,911$6,974,894$12,249,373
87$21,096,009$9,219,343$7,143,290$13,084,381
88$23,180,483$9,603,771$7,315,271$13,990,516
89$25,475,452$10,004,916$7,490,893$14,974,526
90$28,002,321$10,423,530$7,670,210$16,043,827
91$30,784,674$10,860,399$7,853,279$17,206,571
92$33,848,500$11,316,348$8,040,153$18,471,720
93$37,222,436$11,792,238$8,230,887$19,849,130
94$40,938,037$12,288,970$8,425,534$21,349,635
95$45,030,075$12,807,488$8,624,147$22,985,154
96$49,536,866$13,348,778$8,826,780$24,768,794
97$54,500,632$13,913,874$9,033,483$26,714,973
98$59,967,899$14,503,856$9,244,307$28,839,553
99$65,989,935$15,119,855$9,459,302$31,159,985
100$72,623,236$15,763,056$9,678,516$33,695,471