Can I retire at age 72 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,007,465$998,491$989,735$981,190$972,845$958,703
2 years$498,745$489,456$480,454$471,726$463,260$449,041
3 years$329,194$319,865$310,886$302,239$293,911$280,058
4 years$244,435$235,135$226,245$217,746$209,620$196,240
5 years$193,593$184,348$175,575$167,250$159,350$146,481
6 years$159,709$150,534$141,891$133,751$126,088$113,746
7 years$135,516$126,419$117,912$109,964$102,543$90,732
8 years$117,379$108,364$99,999$92,246$85,069$73,788
9 years$103,281$94,350$86,129$78,573$71,641$60,883
10 years$92,008$83,165$75,089$67,731$61,042$50,799
11 years$82,791$74,037$66,107$58,946$52,498$42,760
12 years$75,116$66,452$58,669$51,704$45,493$36,250
13 years$68,627$60,053$52,416$45,647$39,671$30,908
14 years$63,069$54,586$47,096$40,520$34,776$26,480
15 years$58,257$49,866$42,522$36,137$30,619$22,776
16 years$54,051$45,751$38,552$32,357$27,061$19,656
17 years$50,343$42,135$35,081$29,072$23,994$17,010
18 years$47,051$38,934$32,024$26,200$21,335$14,757
19 years$44,109$36,084$29,317$23,674$19,016$12,827
20 years$41,464$33,531$26,906$21,441$16,986$11,170
21 years$39,074$31,233$24,748$19,459$15,200$9,741
22 years$36,905$29,155$22,809$17,693$13,625$8,507
23 years$34,927$27,268$21,060$16,113$12,230$7,437
24 years$33,116$25,548$19,477$14,696$10,993$6,508
25 years$31,453$23,976$18,040$13,421$9,892$5,700
26 years$29,921$22,533$16,731$12,272$8,910$4,995
27 years$28,504$21,206$15,536$11,233$8,033$4,381
28 years$27,191$19,983$14,443$10,292$7,249$3,845
29 years$25,971$18,851$13,440$9,438$6,545$3,375
30 years$24,834$17,803$12,519$8,661$5,914$2,965
31 years$23,772$16,830$11,671$7,955$5,347$2,605
32 years$22,779$15,925$10,889$7,311$4,837$2,290
33 years$21,848$15,081$10,167$6,723$4,377$2,013
34 years$20,974$14,293$9,500$6,186$3,963$1,770
35 years$20,152$13,557$8,882$5,694$3,590$1,557
36 years$19,376$12,867$8,309$5,244$3,252$1,370
37 years$18,645$12,221$7,777$4,832$2,948$1,206
38 years$17,954$11,614$7,283$4,454$2,672$1,061
39 years$17,299$11,044$6,823$4,106$2,423$934
40 years$16,679$10,508$6,395$3,788$2,198$822
41 years$16,091$10,002$5,997$3,495$1,994$724
42 years$15,532$9,526$5,625$3,225$1,809$637
43 years$15,001$9,076$5,278$2,977$1,642$561
44 years$14,495$8,651$4,955$2,749$1,491$494
45 years$14,013$8,250$4,652$2,539$1,353$435
46 years$13,554$7,870$4,370$2,345$1,229$383
47 years$13,115$7,511$4,105$2,166$1,116$338
48 years$12,696$7,170$3,858$2,002$1,013$297
49 years$12,295$6,847$3,626$1,850$920$262
50 years$11,911$6,540$3,409$1,710$836$231

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $12,200,000, adding $2,146 every year, while hoping to spend $46,356 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: 62/11/27 Blend
71$12,200,000$12,200,000$12,200,000$12,200,000
72$13,446,614$12,800,014$12,610,914$14,183,098
73$14,768,846$13,377,892$12,984,057$15,261,308
74$16,224,392$13,982,532$13,368,147$16,432,864
75$17,826,801$14,615,198$13,763,501$17,711,144
76$19,591,003$15,277,211$14,170,446$19,106,591
77$21,533,449$15,969,957$14,589,319$20,630,701
78$23,672,265$16,694,889$15,020,466$22,296,121
79$26,027,426$17,453,529$15,464,241$24,116,775
80$28,620,942$18,247,470$15,921,012$26,107,987
81$31,477,066$19,078,385$16,391,154$28,286,625
82$34,622,523$19,948,022$16,875,055$30,671,260
83$38,086,764$20,858,219$17,373,112$33,282,335
84$41,902,238$21,810,896$17,885,736$36,142,359
85$46,104,706$22,808,069$18,413,347$39,276,113
86$50,733,571$23,851,849$18,956,380$42,710,886
87$55,832,255$24,944,450$19,515,278$46,476,725
88$61,448,607$26,088,189$20,090,501$50,606,717
89$67,635,352$27,285,498$20,682,521$55,137,298
90$74,450,593$28,538,923$21,291,821$60,108,597
91$81,958,357$29,851,134$21,918,900$65,564,805
92$90,229,198$31,224,927$22,564,271$71,554,595
93$99,340,863$32,663,236$23,228,462$78,131,572
94$109,379,030$34,169,133$23,912,014$85,354,781
95$120,438,109$35,745,839$24,615,485$93,289,254
96$132,622,141$37,396,730$25,339,448$102,006,625
97$146,045,774$39,125,344$26,084,494$111,585,800
98$160,835,346$40,935,389$26,851,228$122,113,696
99$177,130,081$42,830,753$27,640,274$133,686,058
100$195,083,400$44,815,510$28,452,273$146,408,359