Can I retire at age 72 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$355,090$351,927$348,841$345,829$342,888$333,787
2 years$175,787$172,513$169,340$166,264$163,280$154,174
3 years$116,027$112,739$109,574$106,527$103,592$94,766
4 years$86,153$82,875$79,742$76,747$73,882$65,405
5 years$68,234$64,975$61,883$58,949$56,164$48,058
6 years$56,291$53,057$50,011$47,142$44,441$36,714
7 years$47,764$44,557$41,559$38,758$36,142$28,796
8 years$41,371$38,194$35,245$32,513$29,984$23,013
9 years$36,402$33,255$30,357$27,694$25,250$18,650
10 years$32,429$29,312$26,466$23,872$21,515$15,276
11 years$29,181$26,095$23,300$20,776$18,503$12,617
12 years$26,475$23,422$20,678$18,223$16,035$10,490
13 years$24,188$21,166$18,475$16,089$13,982$8,767
14 years$22,229$19,239$16,600$14,282$12,257$7,360
15 years$20,533$17,576$14,987$12,737$10,792$6,200
16 years$19,051$16,125$13,588$11,404$9,538$5,238
17 years$17,744$14,851$12,365$10,247$8,457$4,437
18 years$16,583$13,723$11,287$9,234$7,520$3,765
19 years$15,546$12,718$10,333$8,344$6,702$3,201
20 years$14,614$11,818$9,483$7,557$5,987$2,725
21 years$13,772$11,008$8,723$6,859$5,357$2,323
22 years$13,007$10,276$8,039$6,236$4,802$1,982
23 years$12,310$9,611$7,423$5,679$4,311$1,693
24 years$11,672$9,005$6,865$5,180$3,875$1,447
25 years$11,086$8,450$6,358$4,731$3,487$1,237
26 years$10,546$7,942$5,897$4,325$3,141$1,059
27 years$10,047$7,474$5,476$3,959$2,831$906
28 years$9,584$7,043$5,090$3,627$2,555$776
29 years$9,154$6,644$4,737$3,326$2,307$665
30 years$8,753$6,275$4,412$3,053$2,085$570
31 years$8,379$5,932$4,114$2,804$1,885$488
32 years$8,029$5,613$3,838$2,577$1,705$419
33 years$7,701$5,315$3,584$2,369$1,543$359
34 years$7,393$5,038$3,348$2,180$1,397$308
35 years$7,103$4,778$3,130$2,007$1,265$264
36 years$6,829$4,535$2,928$1,848$1,146$226
37 years$6,572$4,307$2,741$1,703$1,039$194
38 years$6,328$4,094$2,567$1,570$942$167
39 years$6,097$3,893$2,405$1,447$854$143
40 years$5,879$3,704$2,254$1,335$775$123
41 years$5,671$3,525$2,114$1,232$703$105
42 years$5,475$3,357$1,983$1,137$638$90
43 years$5,287$3,199$1,860$1,049$579$78
44 years$5,109$3,049$1,746$969$525$67
45 years$4,939$2,908$1,640$895$477$57
46 years$4,777$2,774$1,540$826$433$49
47 years$4,623$2,647$1,447$764$393$42
48 years$4,475$2,527$1,360$706$357$36
49 years$4,334$2,413$1,278$652$324$31
50 years$4,198$2,305$1,202$603$295$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,300,000, adding $3,338 every year, while hoping to spend $41,966 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: 65/7/28 Blend
71$4,300,000$4,300,000$4,300,000$4,300,000
72$4,742,043$4,514,143$4,447,493$5,014,942
73$5,181,080$4,690,685$4,551,833$5,376,386
74$5,663,492$4,874,470$4,658,261$5,766,343
75$6,193,660$5,065,810$4,766,804$6,191,677
76$6,776,407$5,265,030$4,877,486$6,655,876
77$7,417,052$5,472,467$4,990,333$7,162,779
78$8,121,450$5,688,477$5,105,368$7,716,616
79$8,896,054$5,913,428$5,222,614$8,322,041
80$9,747,974$6,147,708$5,342,094$8,984,184
81$10,685,041$6,391,720$5,463,828$9,708,689
82$11,715,887$6,645,887$5,587,838$10,501,776
83$12,850,020$6,910,647$5,714,143$11,370,294
84$14,097,917$7,186,464$5,842,762$12,321,787
85$15,471,121$7,473,817$5,973,710$13,364,563
86$16,982,350$7,773,209$6,107,005$14,507,776
87$18,645,621$8,085,167$6,242,660$15,761,506
88$20,476,373$8,410,239$6,380,689$17,136,858
89$22,491,623$8,749,000$6,521,101$18,646,067
90$24,710,117$9,102,051$6,663,907$20,302,607
91$27,152,516$9,470,017$6,809,115$22,121,325
92$29,841,581$9,853,557$6,956,728$24,118,576
93$32,802,394$10,253,354$7,106,751$26,312,379
94$36,062,596$10,670,125$7,259,185$28,722,583
95$39,652,641$11,104,621$7,414,027$31,371,059
96$43,606,087$11,557,624$7,571,274$34,281,900
97$47,959,914$12,029,954$7,730,918$37,481,655
98$52,754,871$12,522,468$7,892,950$40,999,571
99$58,035,860$13,036,061$8,057,355$44,867,873
100$63,852,359$13,571,669$8,224,118$49,122,069