Can I retire at age 72 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,046,105
2 years$547,802$537,599$527,712$518,125$508,826$486,334
3 years$361,573$351,327$341,464$331,968$322,820$300,968
4 years$268,478$258,263$248,499$239,164$230,238$209,194
5 years$212,635$202,481$192,845$183,701$175,023$154,847
6 years$175,418$165,341$155,848$146,907$138,490$119,203
7 years$148,845$138,853$129,510$120,780$112,629$94,235
8 years$128,925$119,023$109,835$101,320$93,437$75,930
9 years$113,439$103,631$94,601$86,302$78,687$62,055
10 years$101,058$91,345$82,475$74,393$67,046$51,272
11 years$90,935$81,319$72,610$64,744$57,661$42,726
12 years$82,505$72,988$64,439$56,789$49,968$35,849
13 years$75,377$65,960$57,572$50,137$43,573$30,245
14 years$69,273$59,956$51,729$44,506$38,196$25,633
15 years$63,987$54,771$46,704$39,691$33,631$21,806
16 years$59,367$50,251$42,344$35,539$29,723$18,609
17 years$55,295$46,279$38,532$31,932$26,354$15,921
18 years$51,679$42,764$35,174$28,777$23,433$13,652
19 years$48,447$39,633$32,200$26,002$20,887$11,728
20 years$45,542$36,829$29,552$23,550$18,656$10,091
21 years$42,918$34,305$27,182$21,373$16,695$8,694
22 years$40,535$32,022$25,053$19,433$14,965$7,500
23 years$38,362$29,950$23,132$17,698$13,433$6,475
24 years$36,374$28,061$21,393$16,142$12,074$5,596
25 years$34,547$26,334$19,814$14,742$10,865$4,839
26 years$32,864$24,750$18,376$13,479$9,787$4,188
27 years$31,308$23,292$17,064$12,338$8,824$3,626
28 years$29,866$21,948$15,863$11,304$7,962$3,140
29 years$28,525$20,706$14,762$10,366$7,189$2,721
30 years$27,277$19,554$13,750$9,513$6,496$2,359
31 years$26,111$18,485$12,819$8,737$5,873$2,046
32 years$25,020$17,491$11,960$8,030$5,312$1,774
33 years$23,997$16,564$11,168$7,384$4,808$1,539
34 years$23,037$15,699$10,434$6,794$4,353$1,336
35 years$22,134$14,890$9,755$6,254$3,943$1,159
36 years$21,282$14,133$9,126$5,760$3,572$1,006
37 years$20,479$13,423$8,542$5,307$3,238$873
38 years$19,720$12,757$7,999$4,892$2,935$758
39 years$19,001$12,130$7,494$4,510$2,662$658
40 years$18,320$11,541$7,024$4,160$2,414$572
41 years$17,674$10,986$6,586$3,838$2,190$496
42 years$17,060$10,463$6,178$3,542$1,987$431
43 years$16,477$9,969$5,798$3,270$1,804$374
44 years$15,921$9,502$5,442$3,019$1,637$325
45 years$15,392$9,061$5,110$2,788$1,486$282
46 years$14,887$8,644$4,799$2,576$1,350$245
47 years$14,405$8,249$4,509$2,380$1,225$213
48 years$13,945$7,875$4,237$2,199$1,113$185
49 years$13,504$7,520$3,983$2,032$1,011$161
50 years$13,083$7,184$3,744$1,878$918$140

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $13,400,000, adding $2,652 every year, while hoping to spend $52,466 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: 47/45/8 Blend
71$13,400,000$13,400,000$13,400,000$13,400,000
72$14,769,536$14,059,336$13,851,636$15,431,497
73$16,220,205$14,692,420$14,259,842$16,519,710
74$17,817,084$15,354,766$14,679,965$17,694,322
75$19,575,031$16,047,754$15,112,348$18,967,839
76$21,510,417$16,772,827$15,557,345$20,349,452
77$23,641,283$17,531,499$16,015,319$21,849,250
78$25,987,507$18,325,356$16,486,645$23,478,306
79$28,570,992$19,156,057$16,971,707$25,248,784
80$31,415,874$20,025,346$17,470,901$27,174,037
81$34,548,750$20,935,044$17,984,632$29,268,736
82$37,998,925$21,887,064$18,513,321$31,548,996
83$41,798,694$22,883,408$19,057,395$34,032,526
84$45,983,641$23,926,176$19,617,298$36,738,783
85$50,592,980$25,017,565$20,193,485$39,689,153
86$55,669,919$26,159,882$20,786,422$42,907,143
87$61,262,075$27,355,540$21,396,592$46,418,595
88$67,421,916$28,607,071$22,024,487$50,251,920
89$74,207,261$29,917,127$22,670,617$54,438,359
90$81,681,823$31,288,488$23,335,504$59,012,267
91$89,915,811$32,724,066$24,019,685$64,011,428
92$98,986,593$34,226,914$24,723,714$69,477,400
93$108,979,425$35,800,232$25,448,157$75,455,900
94$119,988,255$37,447,373$26,193,600$81,997,217
95$132,116,614$39,171,851$26,960,642$89,156,683
96$145,478,586$40,977,349$27,749,901$96,995,177
97$160,199,891$42,867,728$28,562,012$105,579,690
98$176,419,068$44,847,035$29,397,627$114,983,939
99$194,288,782$46,919,509$30,257,417$125,289,055
100$213,977,269$49,089,595$31,142,071$136,584,329