Can I retire at age 72 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,119,110
2 years$584,594$573,707$563,155$552,924$543,001$521,730
3 years$385,858$374,924$364,399$354,264$344,502$323,814
4 years$286,510$275,609$265,189$255,227$245,702$225,757
5 years$226,916$216,081$205,797$196,039$186,779$167,633
6 years$187,200$176,446$166,315$156,774$147,792$129,468
7 years$158,843$148,179$138,208$128,893$120,194$102,696
8 years$137,584$127,017$117,212$108,125$99,713$83,036
9 years$121,058$110,591$100,954$92,098$83,972$68,107
10 years$107,846$97,481$88,014$79,390$71,549$56,480
11 years$97,042$86,781$77,486$69,093$61,534$47,245
12 years$88,046$77,890$68,767$60,604$53,324$39,795
13 years$80,440$70,390$61,439$53,504$46,500$33,708
14 years$73,925$63,982$55,203$47,495$40,761$28,685
15 years$68,285$58,449$49,841$42,357$35,890$24,504
16 years$63,354$53,626$45,188$37,926$31,719$20,999
17 years$59,008$49,388$41,120$34,076$28,125$18,044
18 years$55,150$45,636$37,537$30,710$25,007$15,540
19 years$51,701$42,295$34,363$27,749$22,289$13,410
20 years$48,601$39,303$31,537$25,132$19,909$11,590
21 years$45,800$36,609$29,008$22,809$17,817$10,032
22 years$43,257$34,173$26,735$20,738$15,970$8,693
23 years$40,939$31,961$24,685$18,887$14,336$7,541
24 years$38,817$29,946$22,830$17,226$12,885$6,548
25 years$36,868$28,103$21,145$15,732$11,595$5,689
26 years$35,071$26,412$19,611$14,384$10,444$4,947
27 years$33,411$24,857$18,210$13,166$9,416$4,304
28 years$31,872$23,422$16,929$12,063$8,496$3,746
29 years$30,441$22,096$15,754$11,062$7,672$3,262
30 years$29,109$20,868$14,674$10,152$6,932$2,842
31 years$27,864$19,727$13,680$9,324$6,267$2,477
32 years$26,700$18,666$12,764$8,569$5,669$2,159
33 years$25,609$17,677$11,918$7,880$5,131$1,882
34 years$24,584$16,753$11,135$7,250$4,645$1,641
35 years$23,620$15,890$10,411$6,674$4,207$1,432
36 years$22,712$15,082$9,739$6,147$3,812$1,249
37 years$21,854$14,325$9,115$5,663$3,455$1,090
38 years$21,044$13,614$8,536$5,220$3,132$951
39 years$20,277$12,945$7,997$4,813$2,840$830
40 years$19,550$12,316$7,496$4,440$2,576$724
41 years$18,861$11,724$7,029$4,096$2,337$632
42 years$18,206$11,165$6,593$3,780$2,121$552
43 years$17,583$10,638$6,187$3,490$1,925$482
44 years$16,990$10,141$5,808$3,222$1,747$421
45 years$16,426$9,670$5,453$2,976$1,586$367
46 years$15,887$9,225$5,122$2,749$1,440$321
47 years$15,373$8,803$4,812$2,539$1,308$280
48 years$14,881$8,404$4,522$2,346$1,188$244
49 years$14,411$8,025$4,250$2,169$1,079$213
50 years$13,962$7,666$3,996$2,004$980$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,300,000, adding $5,652 every year, while hoping to spend $30,555 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: 56/33/11 Blend
71$14,300,000$14,300,000$14,300,000$14,300,000
72$15,764,430$15,006,530$14,784,880$16,603,726
73$17,339,892$15,709,340$15,247,663$17,874,829
74$19,075,026$16,445,563$15,724,926$19,254,810
75$20,986,088$17,216,805$16,217,120$20,757,182
76$23,090,989$18,024,748$16,724,713$22,393,634
77$25,409,466$18,871,156$17,248,187$24,177,011
78$27,963,267$19,757,880$17,788,038$26,121,432
79$30,776,361$20,686,856$18,344,777$28,242,417
80$33,875,157$21,660,119$18,918,934$30,557,029
81$37,288,758$22,679,800$19,511,053$33,084,026
82$41,049,234$23,748,132$20,121,696$35,844,037
83$45,191,924$24,867,459$20,751,441$38,859,748
84$49,755,772$26,040,237$21,400,886$42,156,110
85$54,783,692$27,269,040$22,070,648$45,760,568
86$60,322,975$28,556,569$22,761,360$49,703,312
87$66,425,731$29,905,654$23,473,679$54,017,556
88$73,149,388$31,319,263$24,208,279$58,739,843
89$80,557,227$32,800,508$24,965,858$63,910,382
90$88,718,984$34,352,653$25,747,134$69,573,420
91$97,711,505$35,979,117$26,552,848$75,777,649
92$107,619,473$37,683,489$27,383,763$82,576,657
93$118,536,208$39,469,528$28,240,668$90,029,425
94$130,564,546$41,341,180$29,124,374$98,200,873
95$143,817,810$43,302,578$30,035,721$107,162,462
96$158,420,881$45,358,058$30,975,572$116,992,858
97$174,511,375$47,512,168$31,944,818$127,778,661
98$192,240,944$49,769,673$32,944,378$139,615,214
99$211,776,705$52,135,572$33,975,200$152,607,486
100$233,302,820$54,615,106$35,038,261$166,871,054