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

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$404,637$401,033$397,517$394,084$390,733$377,772
2 years$200,316$196,585$192,969$189,464$186,063$173,131
3 years$132,217$128,470$124,864$121,391$118,046$105,549
4 years$98,175$94,439$90,869$87,456$84,192$72,224
5 years$77,754$74,042$70,518$67,174$64,001$52,596
6 years$64,145$60,461$56,989$53,720$50,642$39,809
7 years$54,429$50,775$47,358$44,166$41,185$30,922
8 years$47,144$43,523$40,163$37,050$34,167$24,467
9 years$41,482$37,895$34,593$31,558$28,774$19,624
10 years$36,954$33,402$30,159$27,203$24,517$15,904
11 years$33,252$29,736$26,551$23,675$21,085$12,992
12 years$30,170$26,690$23,564$20,766$18,272$10,681
13 years$27,563$24,120$21,053$18,334$15,934$8,825
14 years$25,331$21,924$18,916$16,274$13,967$7,322
15 years$23,398$20,028$17,078$14,514$12,298$6,094
16 years$21,709$18,375$15,484$12,996$10,869$5,086
17 years$20,220$16,923$14,090$11,676$9,637$4,255
18 years$18,897$15,638$12,862$10,523$8,569$3,566
19 years$17,716$14,493$11,775$9,508$7,638$2,993
20 years$16,654$13,467$10,806$8,612$6,822$2,515
21 years$15,694$12,544$9,940$7,816$6,105$2,116
22 years$14,822$11,710$9,161$7,106$5,472$1,782
23 years$14,028$10,952$8,459$6,472$4,912$1,501
24 years$13,301$10,261$7,823$5,903$4,415$1,266
25 years$12,633$9,630$7,245$5,391$3,973$1,068
26 years$12,017$9,050$6,720$4,929$3,579$901
27 years$11,448$8,517$6,240$4,512$3,227$761
28 years$10,921$8,026$5,801$4,134$2,911$643
29 years$10,431$7,571$5,398$3,791$2,629$543
30 years$9,974$7,150$5,028$3,479$2,375$459
31 years$9,548$6,760$4,688$3,195$2,148$388
32 years$9,149$6,396$4,374$2,936$1,943$328
33 years$8,775$6,057$4,084$2,700$1,758$277
34 years$8,424$5,741$3,816$2,484$1,592$234
35 years$8,094$5,445$3,567$2,287$1,442$198
36 years$7,782$5,168$3,337$2,106$1,306$168
37 years$7,489$4,908$3,123$1,941$1,184$142
38 years$7,211$4,665$2,925$1,789$1,073$120
39 years$6,948$4,436$2,740$1,649$973$101
40 years$6,699$4,220$2,569$1,521$883$86
41 years$6,463$4,017$2,408$1,404$801$73
42 years$6,238$3,826$2,259$1,295$727$61
43 years$6,025$3,645$2,120$1,196$660$52
44 years$5,822$3,475$1,990$1,104$599$44
45 years$5,628$3,314$1,869$1,020$544$37
46 years$5,444$3,161$1,755$942$493$31
47 years$5,268$3,017$1,649$870$448$27
48 years$5,099$2,880$1,549$804$407$22
49 years$4,938$2,750$1,456$743$370$19
50 years$4,784$2,627$1,369$687$336$16

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 $6,937 every year, while hoping to spend $57,006 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: 84/6/10 Blend
71$4,900,000$4,900,000$4,900,000$4,900,000
72$5,406,956$5,147,256$5,071,306$5,852,540
73$5,897,811$5,338,817$5,180,540$6,336,498
74$6,436,823$5,537,855$5,291,524$6,859,624
75$7,028,844$5,744,674$5,404,255$7,432,495
76$7,679,218$5,959,595$5,518,729$8,060,078
77$8,393,833$6,182,950$5,634,941$8,747,844
78$9,179,176$6,415,087$5,752,884$9,501,820
79$10,042,393$6,656,367$5,872,546$10,328,641
80$10,991,356$6,907,168$5,993,916$11,235,618
81$12,034,740$7,167,885$6,116,978$12,230,804
82$13,182,101$7,438,928$6,241,714$13,323,069
83$14,443,966$7,720,727$6,368,102$14,522,183
84$15,831,937$8,013,729$6,496,120$15,838,912
85$17,358,793$8,318,400$6,625,738$17,285,111
86$19,038,616$8,635,228$6,756,927$18,873,844
87$20,886,922$8,964,722$6,889,651$20,619,503
88$22,920,806$9,307,411$7,023,872$22,537,940
89$25,159,104$9,663,849$7,159,547$24,646,623
90$27,622,569$10,034,615$7,296,629$26,964,796
91$30,334,072$10,420,311$7,435,067$29,513,661
92$33,318,808$10,821,568$7,574,803$32,316,575
93$36,604,543$11,239,041$7,715,775$35,399,277
94$40,221,871$11,673,419$7,857,918$38,790,122
95$44,204,502$12,125,416$8,001,158$42,520,353
96$48,589,581$12,595,781$8,145,417$46,624,394
97$53,418,039$13,085,295$8,290,609$51,140,176
98$58,734,977$13,594,773$8,436,643$56,109,488
99$64,590,095$14,125,067$8,583,421$61,578,382
100$71,038,156$14,677,067$8,730,836$67,597,594