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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.7%
1 years$396,380$392,849$389,404$386,042$382,759$373,809
2 years$196,227$192,573$189,031$185,597$182,266$173,301
3 years$129,519$125,849$122,316$118,914$115,637$106,936
4 years$96,171$92,512$89,014$85,671$82,473$74,103
5 years$76,168$72,531$69,079$65,803$62,695$54,679
6 years$62,836$59,227$55,826$52,623$49,608$41,955
7 years$53,318$49,738$46,392$43,265$40,345$33,055
8 years$46,182$42,635$39,344$36,294$33,470$26,541
9 years$40,635$37,121$33,887$30,914$28,187$21,613
10 years$36,200$32,721$29,543$26,648$24,016$17,791
11 years$32,574$29,129$26,009$23,192$20,655$14,770
12 years$29,554$26,145$23,083$20,342$17,899$12,344
13 years$27,001$23,627$20,623$17,959$15,608$10,373
14 years$24,814$21,477$18,530$15,942$13,682$8,755
15 years$22,921$19,619$16,730$14,218$12,047$7,417
16 years$21,266$18,000$15,168$12,730$10,647$6,303
17 years$19,807$16,578$13,802$11,438$9,440$5,369
18 years$18,512$15,318$12,600$10,308$8,394$4,584
19 years$17,354$14,197$11,534$9,314$7,482$3,920
20 years$16,314$13,193$10,586$8,436$6,683$3,358
21 years$15,373$12,288$9,737$7,656$5,980$2,880
22 years$14,520$11,471$8,974$6,961$5,361$2,473
23 years$13,742$10,728$8,286$6,340$4,812$2,125
24 years$13,029$10,052$7,663$5,782$4,325$1,828
25 years$12,375$9,433$7,098$5,281$3,892$1,573
26 years$11,772$8,866$6,583$4,828$3,506$1,355
27 years$11,215$8,344$6,113$4,419$3,161$1,167
28 years$10,698$7,862$5,682$4,049$2,852$1,006
29 years$10,218$7,417$5,288$3,713$2,575$867
30 years$9,771$7,005$4,926$3,408$2,327$748
31 years$9,353$6,622$4,592$3,130$2,104$646
32 years$8,962$6,265$4,284$2,876$1,903$557
33 years$8,596$5,933$4,000$2,645$1,722$481
34 years$8,252$5,624$3,738$2,434$1,559$415
35 years$7,928$5,334$3,494$2,240$1,412$359
36 years$7,624$5,063$3,269$2,063$1,280$310
37 years$7,336$4,808$3,060$1,901$1,160$267
38 years$7,064$4,570$2,865$1,752$1,051$231
39 years$6,806$4,345$2,684$1,616$953$200
40 years$6,562$4,134$2,516$1,490$865$172
41 years$6,331$3,935$2,359$1,375$785$149
42 years$6,111$3,748$2,213$1,269$712$129
43 years$5,902$3,571$2,077$1,171$646$111
44 years$5,703$3,404$1,949$1,082$586$96
45 years$5,513$3,246$1,830$999$532$83
46 years$5,333$3,096$1,719$923$483$72
47 years$5,160$2,955$1,615$852$439$62
48 years$4,995$2,821$1,518$788$399$54
49 years$4,837$2,694$1,427$728$362$46
50 years$4,686$2,573$1,341$673$329$40

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 $6,150 every year, while hoping to spend $33,460 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: 33/44/23 Blend
71$4,800,000$4,800,000$4,800,000$4,800,000
72$5,295,944$5,041,544$4,967,144$5,433,214
73$5,800,529$5,252,978$5,097,942$5,748,031
74$6,355,460$5,473,652$5,232,000$6,083,629
75$6,965,838$5,703,981$5,369,393$6,444,641
76$7,637,281$5,944,404$5,510,195$6,833,332
77$8,375,980$6,195,376$5,654,483$7,252,182
78$9,188,757$6,457,376$5,802,335$7,703,910
79$10,083,128$6,730,905$5,953,831$8,191,501
80$11,067,373$7,016,487$6,109,051$8,718,226
81$12,150,619$7,314,668$6,268,078$9,287,677
82$13,342,918$7,626,023$6,430,995$9,903,794
83$14,655,349$7,951,151$6,597,887$10,570,903
84$16,100,119$8,290,682$6,768,840$11,293,755
85$17,690,679$8,645,273$6,943,943$12,077,565
86$19,441,848$9,015,611$7,123,285$12,928,061
87$21,369,958$9,402,418$7,306,957$13,851,537
88$23,493,004$9,806,447$7,495,051$14,854,907
89$25,830,815$10,228,487$7,687,660$15,945,769
90$28,405,241$10,669,366$7,884,879$17,132,473
91$31,240,358$11,129,947$8,086,805$18,424,196
92$34,362,698$11,611,138$8,293,536$19,831,029
93$37,801,494$12,113,885$8,505,171$21,364,063
94$41,588,963$12,639,181$8,721,810$23,035,498
95$45,760,602$13,188,066$8,943,556$24,858,745
96$50,355,530$13,761,628$9,170,512$26,848,557
97$55,416,852$14,361,006$9,402,782$29,021,162
98$60,992,068$14,987,392$9,640,472$31,394,409
99$67,133,522$15,642,037$9,883,690$33,987,935
100$73,898,891$16,326,247$10,132,544$36,823,345