Can I retire at age 72 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$941,532
2 years$502,833$493,468$484,392$475,592$467,057$427,969
3 years$331,892$322,487$313,434$304,717$296,320$258,663
4 years$246,438$237,062$228,100$219,531$211,338$175,397
5 years$195,180$185,859$177,015$168,621$160,656$126,523
6 years$161,018$151,768$143,054$134,848$127,121$94,818
7 years$136,627$127,455$118,879$110,866$103,384$72,897
8 years$118,342$109,252$100,818$93,002$85,767$57,066
9 years$104,127$95,124$86,835$79,217$72,228$45,268
10 years$92,762$83,847$75,705$68,286$61,542$36,270
11 years$83,470$74,644$66,649$59,429$52,928$29,285
12 years$75,732$66,996$59,149$52,128$45,866$23,788
13 years$69,189$60,545$52,846$46,021$39,996$19,414
14 years$63,586$55,034$47,482$40,852$35,061$15,905
15 years$58,735$50,274$42,870$36,433$30,870$13,070
16 years$54,494$46,126$38,868$32,622$27,283$10,767
17 years$50,755$42,480$35,369$29,310$24,191$8,888
18 years$47,436$39,254$32,287$26,415$21,510$7,349
19 years$44,470$36,380$29,557$23,868$19,172$6,085
20 years$41,804$33,806$27,126$21,617$17,125$5,043
21 years$39,395$31,489$24,951$19,619$15,325$4,184
22 years$37,207$29,394$22,996$17,838$13,736$3,474
23 years$35,213$27,491$21,233$16,245$12,331$2,886
24 years$33,388$25,758$19,637$14,817$11,083$2,399
25 years$31,711$24,172$18,187$13,531$9,973$1,995
26 years$30,166$22,718$16,868$12,372$8,983$1,659
27 years$28,738$21,380$15,663$11,325$8,099$1,381
28 years$27,414$20,147$14,561$10,376$7,308$1,149
29 years$26,184$19,006$13,550$9,515$6,599$957
30 years$25,037$17,949$12,622$8,732$5,963$797
31 years$23,967$16,968$11,767$8,020$5,391$663
32 years$22,966$16,055$10,979$7,371$4,876$553
33 years$22,027$15,204$10,251$6,778$4,413$460
34 years$21,146$14,410$9,578$6,236$3,996$383
35 years$20,317$13,668$8,955$5,741$3,619$319
36 years$19,535$12,973$8,377$5,287$3,279$266
37 years$18,798$12,321$7,841$4,871$2,972$222
38 years$18,101$11,710$7,342$4,490$2,694$185
39 years$17,441$11,135$6,879$4,140$2,443$154
40 years$16,816$10,594$6,448$3,819$2,216$128
41 years$16,223$10,084$6,046$3,523$2,010$107
42 years$15,660$9,604$5,671$3,251$1,824$89
43 years$15,124$9,151$5,322$3,001$1,656$74
44 years$14,614$8,722$4,995$2,771$1,503$62
45 years$14,128$8,318$4,690$2,559$1,364$52
46 years$13,665$7,935$4,405$2,364$1,239$43
47 years$13,223$7,572$4,139$2,184$1,125$36
48 years$12,800$7,229$3,889$2,018$1,022$30
49 years$12,396$6,903$3,656$1,865$928$25
50 years$12,009$6,594$3,437$1,724$843$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $12,300,000, adding $3,559 every year, while hoping to spend $22,256 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: 33/43/24 Blend
71$12,300,000$12,300,000$12,300,000$12,300,000
72$13,558,271$12,906,371$12,715,721$13,906,055
73$14,917,535$13,515,103$13,118,018$14,776,448
74$16,414,697$14,152,917$13,533,045$15,711,595
75$18,063,800$14,821,214$13,961,206$16,719,006
76$19,880,319$15,521,465$14,402,918$17,805,075
77$21,881,304$16,255,209$14,858,608$18,976,803
78$24,085,544$17,024,061$15,328,719$20,241,863
79$26,513,746$17,829,717$15,813,707$21,608,662
80$29,188,727$18,673,951$16,314,045$23,086,414
81$32,135,628$19,558,626$16,830,216$24,685,224
82$35,382,157$20,485,694$17,362,724$26,416,173
83$38,958,847$21,457,203$17,912,085$28,291,415
84$42,899,341$22,475,298$18,478,831$30,324,287
85$47,240,717$23,542,230$19,063,515$32,529,424
86$52,023,831$24,660,360$19,666,704$34,922,889
87$57,293,706$25,832,162$20,288,983$37,522,316
88$63,099,957$27,060,231$20,930,956$40,347,070
89$69,497,257$28,347,287$21,593,248$43,418,414
90$76,545,857$29,696,184$22,276,502$46,759,706
91$84,312,151$31,109,913$22,981,381$50,396,605
92$92,869,303$32,591,611$23,708,570$54,357,302
93$102,297,939$34,144,568$24,458,775$58,672,777
94$112,686,910$35,772,233$25,232,724$63,377,079
95$124,134,125$37,478,222$26,031,171$68,507,630
96$136,747,480$39,266,330$26,854,889$74,105,572
97$150,645,875$41,140,532$27,704,680$80,216,136
98$165,960,336$43,105,000$28,581,369$86,889,058
99$182,835,253$45,164,107$29,485,807$94,179,030
100$201,429,740$47,322,440$30,418,873$102,146,203