Can I retire at age 72 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$404,637$401,033$397,517$394,084$390,733$375,973
2 years$200,316$196,585$192,969$189,464$186,063$171,364
3 years$132,217$128,470$124,864$121,391$118,046$103,870
4 years$98,175$94,439$90,869$87,456$84,192$70,647
5 years$77,754$74,042$70,518$67,174$64,001$51,123
6 years$64,145$60,461$56,989$53,720$50,642$38,439
7 years$54,429$50,775$47,358$44,166$41,185$29,654
8 years$47,144$43,523$40,163$37,050$34,167$23,297
9 years$41,482$37,895$34,593$31,558$28,774$18,549
10 years$36,954$33,402$30,159$27,203$24,517$14,919
11 years$33,252$29,736$26,551$23,675$21,085$12,093
12 years$30,170$26,690$23,564$20,766$18,272$9,862
13 years$27,563$24,120$21,053$18,334$15,934$8,082
14 years$25,331$21,924$18,916$16,274$13,967$6,649
15 years$23,398$20,028$17,078$14,514$12,298$5,488
16 years$21,709$18,375$15,484$12,996$10,869$4,541
17 years$20,220$16,923$14,090$11,676$9,637$3,765
18 years$18,897$15,638$12,862$10,523$8,569$3,127
19 years$17,716$14,493$11,775$9,508$7,638$2,601
20 years$16,654$13,467$10,806$8,612$6,822$2,166
21 years$15,694$12,544$9,940$7,816$6,105$1,805
22 years$14,822$11,710$9,161$7,106$5,472$1,506
23 years$14,028$10,952$8,459$6,472$4,912$1,257
24 years$13,301$10,261$7,823$5,903$4,415$1,050
25 years$12,633$9,630$7,245$5,391$3,973$877
26 years$12,017$9,050$6,720$4,929$3,579$733
27 years$11,448$8,517$6,240$4,512$3,227$613
28 years$10,921$8,026$5,801$4,134$2,911$513
29 years$10,431$7,571$5,398$3,791$2,629$429
30 years$9,974$7,150$5,028$3,479$2,375$359
31 years$9,548$6,760$4,688$3,195$2,148$300
32 years$9,149$6,396$4,374$2,936$1,943$251
33 years$8,775$6,057$4,084$2,700$1,758$210
34 years$8,424$5,741$3,816$2,484$1,592$176
35 years$8,094$5,445$3,567$2,287$1,442$147
36 years$7,782$5,168$3,337$2,106$1,306$123
37 years$7,489$4,908$3,123$1,941$1,184$103
38 years$7,211$4,665$2,925$1,789$1,073$87
39 years$6,948$4,436$2,740$1,649$973$72
40 years$6,699$4,220$2,569$1,521$883$61
41 years$6,463$4,017$2,408$1,404$801$51
42 years$6,238$3,826$2,259$1,295$727$43
43 years$6,025$3,645$2,120$1,196$660$36
44 years$5,822$3,475$1,990$1,104$599$30
45 years$5,628$3,314$1,869$1,020$544$25
46 years$5,444$3,161$1,755$942$493$21
47 years$5,268$3,017$1,649$870$448$18
48 years$5,099$2,880$1,549$804$407$15
49 years$4,938$2,750$1,456$743$370$12
50 years$4,784$2,627$1,369$687$336$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,900,000, adding $6,394 every year, while hoping to spend $39,446 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: 74/18/8 Blend
71$4,900,000$4,900,000$4,900,000$4,900,000
72$5,406,395$5,146,695$5,070,745$5,799,282
73$5,915,878$5,356,913$5,198,645$6,269,247
74$6,476,005$5,576,110$5,329,507$6,778,343
75$7,091,901$5,804,683$5,463,390$7,334,941
76$7,769,212$6,043,050$5,600,351$7,943,730
77$8,514,158$6,291,646$5,740,449$8,609,868
78$9,333,592$6,550,926$5,883,744$9,339,035
79$10,235,065$6,821,367$6,030,295$10,137,483
80$11,226,895$7,103,468$6,180,163$11,012,096
81$12,318,249$7,397,748$6,333,409$11,970,453
82$13,519,226$7,704,754$6,490,095$13,020,897
83$14,840,956$8,025,056$6,650,282$14,172,617
84$16,295,699$8,359,250$6,814,032$15,435,729
85$17,896,967$8,707,959$6,981,409$16,821,375
86$19,659,646$9,071,837$7,152,474$18,341,822
87$21,600,139$9,451,567$7,327,291$20,010,583
88$23,736,522$9,847,862$7,505,924$21,842,535
89$26,088,711$10,261,471$7,688,436$23,854,069
90$28,678,652$10,693,175$7,874,891$26,063,233
91$31,530,526$11,143,793$8,065,352$28,489,908
92$34,670,982$11,614,181$8,259,883$31,155,990
93$38,129,380$12,105,234$8,458,547$34,085,598
94$41,938,077$12,617,890$8,661,409$37,305,300
95$46,132,725$13,153,131$8,868,530$40,844,362
96$50,752,612$13,711,984$9,079,975$44,735,019
97$55,841,029$14,295,521$9,295,805$49,012,785
98$61,445,682$14,904,870$9,516,082$53,716,778
99$67,619,138$15,541,205$9,740,868$58,890,097
100$74,419,327$16,205,760$9,970,223$64,580,216