Can I retire at age 72 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,127,861
2 years$588,682$577,719$567,093$556,791$546,798$526,300
3 years$388,557$377,546$366,947$356,741$346,911$326,969
4 years$288,513$277,536$267,043$257,012$247,420$228,186
5 years$228,503$217,592$207,237$197,410$188,085$169,615
6 years$188,509$177,680$167,478$157,870$148,825$131,140
7 years$159,953$149,215$139,175$129,794$121,035$104,140
8 years$138,546$127,905$118,031$108,881$100,410$84,301
9 years$121,905$111,364$101,660$92,742$84,560$69,227
10 years$108,600$98,162$88,630$79,945$72,049$57,479
11 years$97,721$87,388$78,028$69,576$61,965$48,142
12 years$88,662$78,435$69,248$61,027$53,697$40,603
13 years$81,002$70,882$61,869$53,878$46,825$34,438
14 years$74,442$64,430$55,589$47,827$41,047$29,346
15 years$68,762$58,858$50,190$42,653$36,141$25,103
16 years$63,797$54,001$45,504$38,191$31,941$21,543
17 years$59,421$49,733$41,407$34,315$28,321$18,538
18 years$55,535$45,955$37,799$30,924$25,182$15,989
19 years$52,063$42,591$34,603$27,943$22,445$13,817
20 years$48,941$39,578$31,757$25,308$20,048$11,960
21 years$46,120$36,865$29,211$22,968$17,941$10,368
22 years$43,560$34,412$26,922$20,883$16,082$8,998
23 years$41,225$32,185$24,858$19,019$14,436$7,818
24 years$39,088$30,155$22,989$17,346$12,975$6,799
25 years$37,125$28,299$21,293$15,842$11,676$5,917
26 years$35,316$26,597$19,748$14,485$10,517$5,153
27 years$33,644$25,031$18,338$13,258$9,482$4,490
28 years$32,094$23,586$17,047$12,147$8,556$3,915
29 years$30,654$22,251$15,864$11,139$7,726$3,415
30 years$29,312$21,014$14,777$10,223$6,981$2,980
31 years$28,059$19,865$13,776$9,389$6,311$2,601
32 years$26,887$18,796$12,853$8,629$5,709$2,271
33 years$25,788$17,800$12,001$7,935$5,167$1,983
34 years$24,756$16,871$11,213$7,301$4,678$1,732
35 years$23,785$16,002$10,483$6,721$4,237$1,514
36 years$22,871$15,188$9,807$6,190$3,839$1,323
37 years$22,007$14,425$9,179$5,703$3,479$1,156
38 years$21,191$13,709$8,596$5,257$3,154$1,011
39 years$20,419$13,036$8,053$4,847$2,860$883
40 years$19,687$12,402$7,548$4,471$2,594$772
41 years$18,993$11,806$7,078$4,125$2,354$675
42 years$18,333$11,244$6,639$3,807$2,136$591
43 years$17,706$10,713$6,230$3,514$1,938$516
44 years$17,109$10,212$5,848$3,245$1,759$452
45 years$16,540$9,738$5,491$2,996$1,597$395
46 years$15,998$9,289$5,157$2,768$1,450$345
47 years$15,480$8,865$4,845$2,557$1,317$302
48 years$14,985$8,463$4,553$2,363$1,196$264
49 years$14,512$8,081$4,280$2,184$1,086$231
50 years$14,059$7,720$4,024$2,018$987$202

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,400,000, adding $2,583 every year, while hoping to spend $46,753 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: 50/33/17 Blend
71$14,400,000$14,400,000$14,400,000$14,400,000
72$15,871,464$15,108,264$14,885,064$16,590,242
73$17,440,609$15,798,824$15,333,969$17,776,581
74$19,168,239$16,521,655$15,796,345$19,060,079
75$21,070,472$17,278,288$16,272,595$20,453,925
76$23,165,064$18,070,329$16,763,131$21,968,533
77$25,471,586$18,899,460$17,268,381$23,615,341
78$28,011,598$19,767,444$17,788,783$25,406,920
79$30,808,863$20,676,130$18,324,788$27,357,079
80$33,889,560$21,627,454$18,876,862$29,480,998
81$37,282,542$22,623,447$19,445,484$31,795,359
82$41,019,600$23,666,234$20,031,147$34,318,504
83$45,135,767$24,758,047$20,634,357$37,070,596
84$49,669,645$25,901,221$21,255,638$40,073,808
85$54,663,775$27,098,207$21,895,529$43,352,520
86$60,165,033$28,351,572$22,554,582$46,933,549
87$66,225,074$29,664,007$23,233,368$50,846,387
88$72,900,821$31,038,332$23,932,475$55,123,480
89$80,254,998$32,477,504$24,652,506$59,800,517
90$88,356,728$33,984,622$25,394,085$64,916,769
91$97,282,179$35,562,934$26,157,852$70,515,440
92$107,115,288$37,215,844$26,944,467$76,644,075
93$117,948,550$38,946,922$27,754,608$83,354,993
94$129,883,890$40,759,910$28,588,976$90,705,774
95$143,033,630$42,658,728$29,448,289$98,759,790
96$157,521,542$44,647,489$30,333,290$107,586,795
97$173,484,025$46,730,500$31,244,740$117,263,569
98$191,071,381$48,912,281$32,183,425$127,874,633
99$210,449,246$51,197,567$33,150,154$139,513,031
100$231,800,144$53,591,322$34,145,758$152,281,200