Can I retire at age 72 with 12,600,000?

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 $12,600,000?

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$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$971,413
2 years$515,097$505,504$496,207$487,192$478,448$445,194
3 years$339,987$330,352$321,079$312,149$303,547$271,411
4 years$252,449$242,844$233,663$224,886$216,493$185,720
5 years$199,940$190,393$181,332$172,734$164,574$135,248
6 years$164,946$155,470$146,543$138,137$130,222$102,365
7 years$139,959$130,563$121,778$113,570$105,905$79,514
8 years$121,228$111,917$103,277$95,271$87,859$62,914
9 years$106,667$97,444$88,953$81,150$73,990$50,462
10 years$95,025$85,892$77,551$69,952$63,043$40,895
11 years$85,506$76,465$68,275$60,879$54,219$33,408
12 years$77,579$68,630$60,592$53,399$46,985$27,465
13 years$70,877$62,022$54,135$47,143$40,972$22,693
14 years$65,137$56,376$48,641$41,849$35,916$18,827
15 years$60,167$51,501$43,916$37,322$31,623$15,671
16 years$55,823$47,251$39,816$33,417$27,949$13,080
17 years$51,993$43,516$36,231$30,025$24,781$10,941
18 years$48,593$40,211$33,074$27,059$22,034$9,169
19 years$45,555$37,267$30,278$24,450$19,640$7,696
20 years$42,823$34,630$27,788$22,144$17,542$6,467
21 years$40,355$32,257$25,559$20,097$15,698$5,441
22 years$38,115$30,111$23,557$18,273$14,071$4,581
23 years$36,072$28,162$21,751$16,642$12,631$3,861
24 years$34,202$26,386$20,116$15,178$11,353$3,255
25 years$32,485$24,762$18,631$13,862$10,216$2,746
26 years$30,902$23,272$17,279$12,674$9,202$2,318
27 years$29,439$21,902$16,045$11,601$8,297$1,957
28 years$28,083$20,638$14,916$10,629$7,486$1,653
29 years$26,822$19,470$13,881$9,747$6,760$1,396
30 years$25,648$18,387$12,930$8,945$6,108$1,180
31 years$24,552$17,382$12,054$8,216$5,522$997
32 years$23,526$16,447$11,246$7,550$4,995$843
33 years$22,565$15,575$10,501$6,943$4,521$713
34 years$21,662$14,762$9,811$6,388$4,093$603
35 years$20,812$14,001$9,173$5,881$3,707$509
36 years$20,012$13,289$8,581$5,416$3,359$431
37 years$19,256$12,622$8,032$4,990$3,044$364
38 years$18,542$11,995$7,521$4,600$2,760$308
39 years$17,867$11,406$7,047$4,241$2,503$261
40 years$17,226$10,852$6,605$3,912$2,270$220
41 years$16,619$10,330$6,193$3,609$2,060$186
42 years$16,042$9,838$5,810$3,331$1,869$158
43 years$15,493$9,374$5,451$3,075$1,696$133
44 years$14,971$8,935$5,117$2,839$1,540$113
45 years$14,473$8,520$4,805$2,622$1,398$95
46 years$13,998$8,128$4,513$2,422$1,269$81
47 years$13,545$7,757$4,240$2,237$1,152$68
48 years$13,112$7,405$3,984$2,068$1,046$58
49 years$12,698$7,071$3,745$1,911$950$49
50 years$12,302$6,755$3,521$1,766$863$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $12,600,000, adding $5,812 every year, while hoping to spend $55,786 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: 32/45/23 Blend
71$12,600,000$12,600,000$12,600,000$12,600,000
72$13,891,195$13,223,395$13,028,095$14,237,164
73$15,248,741$13,811,986$13,405,180$15,087,446
74$16,742,887$14,427,547$13,793,028$15,997,227
75$18,387,507$15,071,343$14,191,941$16,976,034
76$20,197,890$15,744,695$14,602,227$18,029,954
77$22,190,879$16,448,990$15,024,206$19,165,659
78$24,385,036$17,185,678$15,458,205$20,390,456
79$26,800,814$17,956,281$15,904,559$21,712,356
80$29,460,750$18,762,391$16,363,614$23,140,140
81$32,389,675$19,605,677$16,835,725$24,683,437
82$35,614,955$20,487,888$17,321,254$26,352,810
83$39,166,742$21,410,856$17,820,578$28,159,845
84$43,078,262$22,376,500$18,334,079$30,117,256
85$47,386,126$23,386,830$18,862,152$32,238,998
86$52,130,680$24,443,954$19,405,204$34,540,388
87$57,356,381$25,550,079$19,963,649$37,038,245
88$63,112,216$26,707,517$20,537,916$39,751,038
89$69,452,170$27,918,693$21,128,444$42,699,052
90$76,435,728$29,186,146$21,735,683$45,904,570
91$84,128,440$30,512,535$22,360,097$49,392,075
92$92,602,543$31,900,651$23,002,161$53,188,468
93$101,937,633$33,353,413$23,662,364$57,323,314
94$112,221,425$34,873,885$24,341,208$61,829,111
95$123,550,578$36,465,273$25,039,206$66,741,580
96$136,031,606$38,130,940$25,756,888$72,099,995
97$149,781,883$39,874,409$26,494,797$77,947,540
98$164,930,753$41,699,373$27,253,490$84,331,702
99$181,620,747$43,609,700$28,033,540$91,304,706
100$200,008,933$45,609,445$28,835,533$98,923,995