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

Use the below retirement simulation to view the chances of a successful retirement.
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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,107,951
2 years$572,330$561,671$551,341$541,325$531,609$523,112
3 years$377,763$367,058$356,754$346,832$337,275$328,972
4 years$280,499$269,827$259,625$249,873$240,547$232,502
5 years$222,156$211,547$201,480$191,926$182,860$175,097
6 years$183,273$172,744$162,826$153,485$144,691$137,219
7 years$155,510$145,070$135,309$126,189$117,673$110,496
8 years$134,698$124,352$114,753$105,856$97,621$90,739
9 years$118,519$108,271$98,837$90,166$82,211$75,622
10 years$105,583$95,436$86,168$77,724$70,048$63,749
11 years$95,006$84,961$75,861$67,643$60,243$54,230
12 years$86,199$76,256$67,325$59,332$52,206$46,471
13 years$78,752$68,913$60,150$52,381$45,524$40,064
14 years$72,375$62,640$54,045$46,498$39,906$34,712
15 years$66,852$57,223$48,795$41,468$35,137$30,202
16 years$62,025$52,501$44,240$37,130$31,054$26,371
17 years$57,770$48,351$40,257$33,361$27,535$23,096
18 years$53,993$44,679$36,749$30,065$24,482$20,280
19 years$50,616$41,408$33,642$27,167$21,822$17,848
20 years$47,582$38,478$30,875$24,605$19,492$15,737
21 years$44,839$35,841$28,399$22,330$17,443$13,900
22 years$42,350$33,456$26,174$20,303$15,635$12,295
23 years$40,080$31,291$24,167$18,491$14,035$10,889
24 years$38,003$29,318$22,351$16,865$12,615$9,655
25 years$36,094$27,513$20,701$15,402$11,351$8,569
26 years$34,335$25,858$19,199$14,082$10,225$7,612
27 years$32,710$24,335$17,828$12,890$9,219$6,767
28 years$31,203$22,931$16,574$11,810$8,318$6,020
29 years$29,803$21,633$15,423$10,830$7,511$5,358
30 years$28,498$20,430$14,366$9,939$6,787$4,772
31 years$27,280$19,313$13,393$9,128$6,136$4,252
32 years$26,140$18,274$12,496$8,389$5,550$3,790
33 years$25,072$17,306$11,668$7,715$5,023$3,380
34 years$24,069$16,402$10,902$7,098$4,548$3,015
35 years$23,125$15,557$10,192$6,534$4,119$2,690
36 years$22,235$14,766$9,535$6,018$3,732$2,401
37 years$21,396$14,024$8,924$5,545$3,383$2,143
38 years$20,602$13,328$8,357$5,111$3,067$1,914
39 years$19,852$12,674$7,830$4,712$2,781$1,709
40 years$19,140$12,058$7,339$4,346$2,522$1,527
41 years$18,465$11,478$6,881$4,010$2,288$1,364
42 years$17,824$10,931$6,455$3,701$2,076$1,219
43 years$17,214$10,415$6,057$3,416$1,885$1,089
44 years$16,634$9,928$5,686$3,154$1,711$973
45 years$16,081$9,467$5,339$2,913$1,553$870
46 years$15,554$9,031$5,014$2,691$1,410$777
47 years$15,050$8,619$4,711$2,486$1,280$695
48 years$14,569$8,228$4,427$2,297$1,163$621
49 years$14,109$7,857$4,161$2,123$1,056$555
50 years$13,669$7,505$3,912$1,962$959$497

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,000,000, adding $4,260 every year, while hoping to spend $27,848 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: 61/21/18 Blend
71$14,000,000$14,000,000$14,000,000$14,000,000
72$15,432,394$14,690,394$14,473,394$16,302,251
73$16,976,868$15,380,593$14,928,623$17,579,880
74$18,677,946$16,103,679$15,398,168$18,970,090
75$20,551,570$16,861,233$15,882,481$20,486,631
76$22,615,311$17,654,914$16,382,025$22,141,767
77$24,888,529$18,486,462$16,897,279$23,948,985
78$27,392,559$19,357,698$17,428,738$25,923,119
79$30,150,909$20,270,535$17,976,910$28,080,488
80$33,189,488$21,226,977$18,542,322$30,439,048
81$36,536,842$22,229,125$19,125,516$33,018,552
82$40,224,429$23,279,182$19,727,051$35,840,736
83$44,286,917$24,379,458$20,347,503$38,929,521
84$48,762,506$25,532,374$20,987,467$42,311,230
85$53,693,292$26,740,471$21,647,558$46,014,835
86$59,125,664$28,006,411$22,328,407$50,072,222
87$65,110,741$29,332,984$23,030,669$54,518,493
88$71,704,855$30,723,119$23,755,015$59,392,284
89$78,970,083$32,179,884$24,502,140$64,736,131
90$86,974,830$33,706,498$25,272,761$70,596,859
91$95,794,481$35,306,334$26,067,616$77,026,024
92$105,512,105$36,982,931$26,887,468$84,080,388
93$116,219,244$38,739,999$27,733,103$91,822,451
94$128,016,776$40,581,428$28,605,331$100,321,033
95$141,015,866$42,511,297$29,504,988$109,651,916
96$155,339,016$44,533,883$30,432,937$119,898,551
97$171,121,223$46,653,670$31,390,068$131,152,839
98$188,511,251$48,875,363$32,377,298$143,515,988
99$207,673,034$51,203,891$33,395,573$157,099,463
100$228,787,229$53,644,428$34,445,871$172,026,024