Can I retire at age 72 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$404,637$401,033$397,517$394,084$390,733$380,361
2 years$200,316$196,585$192,969$189,464$186,063$175,687
3 years$132,217$128,470$124,864$121,391$118,046$107,989
4 years$98,175$94,439$90,869$87,456$84,192$74,531
5 years$77,754$74,042$70,518$67,174$64,001$54,764
6 years$64,145$60,461$56,989$53,720$50,642$41,837
7 years$54,429$50,775$47,358$44,166$41,185$32,814
8 years$47,144$43,523$40,163$37,050$34,167$26,224
9 years$41,482$37,895$34,593$31,558$28,774$21,252
10 years$36,954$33,402$30,159$27,203$24,517$17,408
11 years$33,252$29,736$26,551$23,675$21,085$14,377
12 years$30,170$26,690$23,564$20,766$18,272$11,953
13 years$27,563$24,120$21,053$18,334$15,934$9,991
14 years$25,331$21,924$18,916$16,274$13,967$8,387
15 years$23,398$20,028$17,078$14,514$12,298$7,065
16 years$21,709$18,375$15,484$12,996$10,869$5,969
17 years$20,220$16,923$14,090$11,676$9,637$5,056
18 years$18,897$15,638$12,862$10,523$8,569$4,291
19 years$17,716$14,493$11,775$9,508$7,638$3,648
20 years$16,654$13,467$10,806$8,612$6,822$3,106
21 years$15,694$12,544$9,940$7,816$6,105$2,647
22 years$14,822$11,710$9,161$7,106$5,472$2,259
23 years$14,028$10,952$8,459$6,472$4,912$1,929
24 years$13,301$10,261$7,823$5,903$4,415$1,649
25 years$12,633$9,630$7,245$5,391$3,973$1,410
26 years$12,017$9,050$6,720$4,929$3,579$1,206
27 years$11,448$8,517$6,240$4,512$3,227$1,033
28 years$10,921$8,026$5,801$4,134$2,911$884
29 years$10,431$7,571$5,398$3,791$2,629$758
30 years$9,974$7,150$5,028$3,479$2,375$649
31 years$9,548$6,760$4,688$3,195$2,148$556
32 years$9,149$6,396$4,374$2,936$1,943$477
33 years$8,775$6,057$4,084$2,700$1,758$409
34 years$8,424$5,741$3,816$2,484$1,592$351
35 years$8,094$5,445$3,567$2,287$1,442$301
36 years$7,782$5,168$3,337$2,106$1,306$258
37 years$7,489$4,908$3,123$1,941$1,184$221
38 years$7,211$4,665$2,925$1,789$1,073$190
39 years$6,948$4,436$2,740$1,649$973$163
40 years$6,699$4,220$2,569$1,521$883$140
41 years$6,463$4,017$2,408$1,404$801$120
42 years$6,238$3,826$2,259$1,295$727$103
43 years$6,025$3,645$2,120$1,196$660$88
44 years$5,822$3,475$1,990$1,104$599$76
45 years$5,628$3,314$1,869$1,020$544$65
46 years$5,444$3,161$1,755$942$493$56
47 years$5,268$3,017$1,649$870$448$48
48 years$5,099$2,880$1,549$804$407$41
49 years$4,938$2,750$1,456$743$370$35
50 years$4,784$2,627$1,369$687$336$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,900,000, adding $6,513 every year, while hoping to spend $27,612 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: 51/26/23 Blend
71$4,900,000$4,900,000$4,900,000$4,900,000
72$5,406,518$5,146,818$5,070,868$5,647,198
73$5,928,604$5,369,633$5,211,363$6,037,404
74$6,503,017$5,602,441$5,355,640$6,458,094
75$7,135,066$5,845,702$5,503,795$6,914,951
76$7,830,599$6,099,897$5,655,928$7,411,418
77$8,596,061$6,365,533$5,812,142$7,951,279
78$9,438,552$6,643,137$5,972,542$8,538,693
79$10,365,897$6,933,263$6,137,235$9,178,235
80$11,386,716$7,236,491$6,306,330$9,874,934
81$12,510,509$7,553,427$6,479,939$10,634,320
82$13,747,743$7,884,706$6,658,179$11,462,478
83$15,109,951$8,230,995$6,841,167$12,366,099
84$16,609,842$8,592,990$7,029,022$13,352,544
85$18,261,421$8,971,422$7,221,869$14,429,912
86$20,080,118$9,367,053$7,419,834$15,607,116
87$22,082,937$9,780,686$7,623,045$16,893,959
88$24,288,615$10,213,158$7,831,636$18,301,233
89$26,717,798$10,665,348$8,045,740$19,840,813
90$29,393,238$11,138,174$8,265,497$21,525,770
91$32,340,005$11,632,602$8,491,048$23,370,491
92$35,585,725$12,149,639$8,722,538$25,390,811
93$39,160,841$12,690,342$8,960,114$27,604,162
94$43,098,897$13,255,820$9,203,929$30,029,738
95$47,436,860$13,847,230$9,454,136$32,688,665
96$52,215,464$14,465,789$9,710,894$35,604,207
97$57,479,598$15,112,769$9,974,365$38,801,978
98$63,278,724$15,789,502$10,244,714$42,310,180
99$69,667,353$16,497,386$10,522,110$46,159,869
100$76,705,548$17,237,884$10,806,726$50,385,244