Can I retire at age 72 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$330,316$327,374$324,503$321,702$318,966$314,849
2 years$163,523$160,477$157,526$154,664$151,888$147,747
3 years$107,932$104,874$101,930$99,095$96,364$92,327
4 years$80,143$77,093$74,179$71,392$68,728$64,825
5 years$63,473$60,442$57,566$54,836$52,246$48,489
6 years$52,364$49,356$46,522$43,853$41,340$37,735
7 years$44,431$41,449$38,660$36,054$33,621$30,167
8 years$38,485$35,529$32,787$30,245$27,892$24,590
9 years$33,863$30,935$28,239$25,762$23,489$20,337
10 years$30,167$27,267$24,619$22,207$20,014$17,010
11 years$27,145$24,274$21,675$19,327$17,212$14,354
12 years$24,628$21,787$19,236$16,952$14,916$12,200
13 years$22,501$19,689$17,186$14,966$13,007$10,430
14 years$20,678$17,897$15,441$13,285$11,402$8,959
15 years$19,101$16,349$13,942$11,848$10,039$7,727
16 years$17,722$15,000$12,640$10,609$8,873$6,687
17 years$16,506$13,815$11,502$9,532$7,867$5,803
18 years$15,426$12,765$10,500$8,590$6,995$5,049
19 years$14,462$11,831$9,612$7,762$6,235$4,402
20 years$13,595$10,994$8,821$7,030$5,569$3,844
21 years$12,811$10,240$8,114$6,380$4,984$3,363
22 years$12,100$9,559$7,478$5,801$4,467$2,945
23 years$11,451$8,940$6,905$5,283$4,010$2,583
24 years$10,858$8,376$6,386$4,818$3,604$2,267
25 years$10,313$7,861$5,915$4,400$3,243$1,992
26 years$9,810$7,388$5,486$4,024$2,921$1,751
27 years$9,346$6,953$5,094$3,683$2,634$1,541
28 years$8,915$6,552$4,735$3,374$2,377$1,357
29 years$8,515$6,181$4,407$3,094$2,146$1,195
30 years$8,142$5,837$4,105$2,840$1,939$1,053
31 years$7,794$5,518$3,827$2,608$1,753$928
32 years$7,469$5,221$3,570$2,397$1,586$819
33 years$7,163$4,945$3,334$2,204$1,435$722
34 years$6,877$4,686$3,115$2,028$1,299$637
35 years$6,607$4,445$2,912$1,867$1,177$562
36 years$6,353$4,219$2,724$1,719$1,066$496
37 years$6,113$4,007$2,550$1,584$966$438
38 years$5,886$3,808$2,388$1,460$876$387
39 years$5,672$3,621$2,237$1,346$795$342
40 years$5,469$3,445$2,097$1,242$721$302
41 years$5,276$3,279$1,966$1,146$654$267
42 years$5,093$3,123$1,844$1,057$593$236
43 years$4,918$2,976$1,731$976$538$208
44 years$4,753$2,837$1,624$901$489$184
45 years$4,595$2,705$1,525$832$444$163
46 years$4,444$2,580$1,433$769$403$144
47 years$4,300$2,462$1,346$710$366$127
48 years$4,163$2,351$1,265$656$332$112
49 years$4,031$2,245$1,189$607$302$99
50 years$3,905$2,144$1,118$561$274$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,000,000, adding $3,580 every year, while hoping to spend $40,963 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: 71/23/6 Blend
71$4,000,000$4,000,000$4,000,000$4,000,000
72$4,411,693$4,199,693$4,137,693$4,721,318
73$4,818,101$4,361,893$4,232,721$5,088,379
74$5,264,590$4,530,669$4,329,560$5,484,564
75$5,755,205$4,706,298$4,428,227$5,917,045
76$6,294,402$4,889,073$4,528,738$6,389,379
77$6,887,090$5,079,297$4,631,110$6,905,482
78$7,538,678$5,277,287$4,735,357$7,469,665
79$8,255,125$5,483,376$4,841,493$8,086,669
80$9,042,995$5,697,909$4,949,531$8,761,716
81$9,909,523$5,921,249$5,059,483$9,500,554
82$10,862,677$6,153,773$5,171,358$10,309,510
83$11,911,238$6,395,875$5,285,166$11,195,550
84$13,064,880$6,647,969$5,400,915$12,166,343
85$14,334,262$6,910,483$5,518,610$13,230,334
86$15,731,129$7,183,870$5,638,256$14,396,821
87$17,268,422$7,468,597$5,759,856$15,676,042
88$18,960,400$7,765,157$5,883,409$17,079,273
89$20,822,773$8,074,062$6,008,916$18,618,931
90$22,872,853$8,395,849$6,136,372$20,308,689
91$25,129,716$8,731,076$6,265,772$22,163,607
92$27,614,379$9,080,331$6,397,107$24,200,272
93$30,350,002$9,444,225$6,530,367$26,436,950
94$33,362,107$9,823,396$6,665,539$28,893,765
95$36,678,813$10,218,513$6,802,606$31,592,877
96$40,331,107$10,630,275$6,941,548$34,558,699
97$44,353,132$11,059,412$7,082,343$37,818,121
98$48,782,515$11,506,686$7,224,964$41,400,764
99$53,660,713$11,972,895$7,369,382$45,339,257
100$59,033,413$12,458,874$7,515,564$49,669,545