Can I retire at age 72 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$388,122$384,664$381,291$377,999$374,785$365,873
2 years$192,139$188,561$185,093$181,730$178,469$169,543
3 years$126,821$123,227$119,767$116,436$113,228$104,566
4 years$94,168$90,585$87,160$83,886$80,755$72,424
5 years$74,581$71,019$67,640$64,432$61,389$53,412
6 years$61,527$57,993$54,663$51,527$48,575$40,961
7 years$52,207$48,702$45,425$42,363$39,504$32,254
8 years$45,220$41,747$38,524$35,538$32,773$25,883
9 years$39,788$36,348$33,181$30,270$27,599$21,064
10 years$35,446$32,039$28,928$26,093$23,516$17,329
11 years$31,895$28,522$25,468$22,709$20,225$14,376
12 years$28,938$25,600$22,602$19,919$17,526$12,007
13 years$26,438$23,135$20,193$17,585$15,283$10,083
14 years$24,297$21,029$18,144$15,610$13,397$8,505
15 years$22,443$19,211$16,381$13,922$11,796$7,200
16 years$20,823$17,625$14,852$12,465$10,425$6,114
17 years$19,394$16,232$13,515$11,200$9,244$5,205
18 years$18,126$14,999$12,337$10,093$8,219$4,440
19 years$16,993$13,901$11,294$9,120$7,326$3,794
20 years$15,974$12,918$10,365$8,260$6,544$3,248
21 years$15,053$12,032$9,534$7,497$5,856$2,783
22 years$14,217$11,232$8,787$6,816$5,249$2,388
23 years$13,455$10,505$8,113$6,208$4,712$2,050
24 years$12,758$9,842$7,503$5,662$4,235$1,762
25 years$12,117$9,237$6,950$5,171$3,811$1,515
26 years$11,527$8,681$6,445$4,728$3,433$1,304
27 years$10,981$8,170$5,985$4,327$3,095$1,123
28 years$10,475$7,698$5,564$3,965$2,793$967
29 years$10,005$7,262$5,178$3,636$2,522$833
30 years$9,567$6,859$4,823$3,337$2,278$718
31 years$9,158$6,484$4,496$3,065$2,060$619
32 years$8,776$6,135$4,195$2,816$1,863$534
33 years$8,417$5,810$3,917$2,590$1,686$460
34 years$8,080$5,506$3,660$2,383$1,527$397
35 years$7,763$5,223$3,422$2,194$1,383$343
36 years$7,465$4,957$3,201$2,020$1,253$296
37 years$7,183$4,708$2,996$1,861$1,136$255
38 years$6,917$4,474$2,806$1,716$1,030$220
39 years$6,664$4,255$2,629$1,582$934$190
40 years$6,426$4,048$2,464$1,459$847$164
41 years$6,199$3,853$2,310$1,346$768$142
42 years$5,984$3,670$2,167$1,242$697$122
43 years$5,779$3,497$2,033$1,147$633$106
44 years$5,584$3,333$1,909$1,059$574$91
45 years$5,399$3,178$1,792$978$521$79
46 years$5,222$3,032$1,683$903$473$68
47 years$5,053$2,893$1,581$835$430$59
48 years$4,891$2,762$1,486$771$390$51
49 years$4,737$2,638$1,397$713$355$44
50 years$4,589$2,520$1,313$659$322$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,700,000, adding $4,228 every year, while hoping to spend $57,866 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: 52/31/17 Blend
71$4,700,000$4,700,000$4,700,000$4,700,000
72$5,183,761$4,934,661$4,861,811$5,429,078
73$5,650,936$5,114,891$4,963,113$5,778,069
74$6,163,823$5,302,012$5,065,869$6,151,021
75$6,727,024$5,496,302$5,170,066$6,555,394
76$7,345,608$5,698,048$5,275,691$6,994,183
77$8,025,159$5,907,551$5,382,726$7,470,684
78$8,771,829$6,125,125$5,491,151$7,988,521
79$9,592,394$6,351,094$5,600,943$8,551,678
80$10,494,321$6,585,801$5,712,077$9,164,540
81$11,485,834$6,829,598$5,824,525$9,831,932
82$12,575,997$7,082,856$5,938,254$10,559,161
83$13,774,792$7,345,959$6,053,229$11,352,068
84$15,093,220$7,619,310$6,169,411$12,217,079
85$16,543,399$7,903,327$6,286,757$13,161,268
86$18,138,683$8,198,447$6,405,220$14,192,421
87$19,893,783$8,505,126$6,524,750$15,319,107
88$21,824,909$8,823,837$6,645,290$16,550,762
89$23,949,923$9,155,078$6,766,779$17,897,769
90$26,288,502$9,499,364$6,889,153$19,371,562
91$28,862,330$9,857,233$7,012,341$20,984,731
92$31,695,299$10,229,250$7,136,266$22,751,135
93$34,813,735$10,615,998$7,260,846$24,686,037
94$38,246,645$11,018,092$7,385,994$26,806,243
95$42,025,993$11,436,167$7,511,614$29,130,260
96$46,186,996$11,870,892$7,637,606$31,678,469
97$50,768,465$12,322,960$7,763,860$34,473,317
98$55,813,160$12,793,097$7,890,261$37,539,523
99$61,368,203$13,282,060$8,016,686$40,904,314
100$67,485,516$13,790,637$8,143,001$44,597,678