Can I retire at age 72 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,009,530
2 years$531,449$521,552$511,959$502,659$493,637$466,511
3 years$350,780$340,840$331,272$322,058$313,184$286,888
4 years$260,463$250,553$241,081$232,025$223,365$198,103
5 years$206,287$196,437$187,089$178,217$169,799$145,639
6 years$170,182$160,405$151,195$142,522$134,356$111,322
7 years$144,402$134,708$125,644$117,175$109,267$87,361
8 years$125,077$115,470$106,556$98,295$90,648$69,859
9 years$110,053$100,537$91,777$83,726$76,339$56,649
10 years$98,042$88,619$80,013$72,172$65,044$46,429
11 years$88,220$78,892$70,442$62,812$55,940$38,371
12 years$80,042$70,809$62,516$55,094$48,477$31,923
13 years$73,127$63,991$55,854$48,640$42,273$26,700
14 years$67,205$58,166$50,185$43,177$37,056$22,428
15 years$62,077$53,136$45,310$38,506$32,627$18,907
16 years$57,595$48,751$41,080$34,478$28,836$15,986
17 years$53,644$44,898$37,381$30,978$25,568$13,550
18 years$50,136$41,488$34,124$27,918$22,734$11,508
19 years$47,001$38,450$31,239$25,226$20,263$9,791
20 years$44,183$35,730$28,670$22,847$18,099$8,342
21 years$41,637$33,281$26,371$20,735$16,197$7,116
22 years$39,325$31,067$24,305$18,853$14,518$6,076
23 years$37,217$29,056$22,441$17,170$13,032$5,193
24 years$35,288$27,224$20,754$15,660$11,714$4,442
25 years$33,516$25,548$19,223$14,302$10,541$3,802
26 years$31,883$24,011$17,828$13,077$9,495$3,256
27 years$30,373$22,597$16,555$11,969$8,560$2,789
28 years$28,974$21,293$15,390$10,966$7,724$2,391
29 years$27,674$20,088$14,322$10,056$6,975$2,050
30 years$26,462$18,971$13,340$9,229$6,302$1,758
31 years$25,331$17,934$12,436$8,476$5,698$1,508
32 years$24,273$16,969$11,603$7,790$5,154$1,294
33 years$23,281$16,070$10,834$7,164$4,664$1,110
34 years$22,349$15,230$10,123$6,591$4,223$953
35 years$21,473$14,446$9,464$6,067$3,825$818
36 years$20,647$13,711$8,853$5,588$3,466$702
37 years$19,868$13,022$8,287$5,149$3,141$603
38 years$19,131$12,376$7,760$4,746$2,848$518
39 years$18,434$11,768$7,270$4,376$2,582$445
40 years$17,773$11,197$6,815$4,036$2,342$382
41 years$17,146$10,658$6,390$3,724$2,125$328
42 years$16,551$10,150$5,994$3,436$1,928$282
43 years$15,985$9,671$5,624$3,172$1,750$242
44 years$15,446$9,219$5,280$2,929$1,588$208
45 years$14,932$8,791$4,957$2,705$1,442$178
46 years$14,443$8,386$4,656$2,499$1,309$153
47 years$13,975$8,003$4,374$2,309$1,189$132
48 years$13,528$7,640$4,111$2,133$1,080$113
49 years$13,101$7,296$3,864$1,971$981$97
50 years$12,693$6,969$3,632$1,822$891$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $13,000,000, adding $6,957 every year, while hoping to spend $44,636 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: 45/25/30 Blend
71$13,000,000$13,000,000$13,000,000$13,000,000
72$14,333,176$13,644,176$13,442,676$14,853,420
73$15,747,668$14,265,248$13,845,513$15,846,370
74$17,304,941$14,915,257$14,260,350$16,917,809
75$19,019,514$15,595,573$14,687,540$18,079,034
76$20,907,381$16,307,633$15,127,449$19,338,468
77$22,986,169$17,052,942$15,580,454$20,705,362
78$25,275,299$17,833,078$16,046,940$22,189,882
79$27,796,174$18,649,693$16,527,307$23,803,198
80$30,572,376$19,504,520$17,021,964$25,557,586
81$33,629,892$20,399,375$17,531,334$27,466,541
82$36,997,358$21,336,161$18,055,850$29,544,896
83$40,706,327$22,316,871$18,595,959$31,808,961
84$44,791,571$23,343,597$19,152,122$34,276,670
85$49,291,406$24,418,527$19,724,813$36,967,744
86$54,248,053$25,543,959$20,314,518$39,903,876
87$59,708,039$26,722,298$20,921,739$43,108,925
88$65,722,635$27,956,066$21,546,993$46,609,136
89$72,348,337$29,247,907$22,190,811$50,433,385
90$79,647,403$30,600,590$22,853,739$54,613,442
91$87,688,440$32,017,021$23,536,341$59,184,264
92$96,547,048$33,500,242$24,239,196$64,184,321
93$106,306,537$35,053,444$24,962,899$69,655,947
94$117,058,713$36,679,971$25,708,065$75,645,736
95$128,904,741$38,383,329$26,475,324$82,204,971
96$141,956,103$40,167,191$27,265,327$89,390,102
97$156,335,652$42,035,410$28,078,742$97,263,268
98$172,178,766$43,992,023$28,916,257$105,892,876
99$189,634,629$46,041,261$29,778,580$115,354,237
100$208,867,640$48,187,561$30,666,441$125,730,263