Can I retire at age 72 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,117,450
2 years$592,771$581,731$571,031$560,658$550,595$511,887
3 years$391,255$380,167$369,495$359,219$349,320$311,920
4 years$290,517$279,463$268,898$258,797$249,138$213,332
5 years$230,090$219,103$208,676$198,781$189,391$155,274
6 years$189,818$178,914$168,641$158,967$149,859$117,458
7 years$161,064$150,252$140,141$130,695$121,875$91,186
8 years$139,508$128,793$118,851$109,637$101,107$72,106
9 years$122,752$112,138$102,366$93,386$85,147$57,799
10 years$109,354$98,844$89,245$80,500$72,549$46,812
11 years$98,400$87,995$78,570$70,059$62,395$38,217
12 years$89,277$78,980$69,729$61,451$54,070$31,397
13 years$81,565$71,374$62,298$54,252$47,150$25,925
14 years$74,959$64,877$55,975$48,159$41,332$21,493
15 years$69,240$59,267$50,538$42,949$36,392$17,877
16 years$64,240$54,376$45,820$38,457$32,163$14,910
17 years$59,834$50,078$41,695$34,553$28,518$12,463
18 years$55,921$46,275$38,062$31,139$25,357$10,437
19 years$52,424$42,887$34,844$28,137$22,601$8,753
20 years$49,281$39,852$31,978$25,483$20,188$7,351
21 years$46,441$37,121$29,413$23,128$18,066$6,179
22 years$43,862$34,651$27,109$21,028$16,193$5,199
23 years$41,511$32,408$25,030$19,151$14,536$4,378
24 years$39,360$30,365$23,149$17,467$13,065$3,688
25 years$37,383$28,496$21,441$15,952$11,757$3,109
26 years$35,562$26,781$19,885$14,585$10,590$2,622
27 years$33,878$25,204$18,465$13,350$9,548$2,212
28 years$32,317$23,750$17,166$12,232$8,615$1,867
29 years$30,867$22,405$15,974$11,217$7,779$1,576
30 years$29,516$21,160$14,879$10,294$7,029$1,330
31 years$28,254$20,003$13,871$9,454$6,355$1,123
32 years$27,074$18,927$12,942$8,689$5,749$949
33 years$25,967$17,924$12,084$7,990$5,202$801
34 years$24,928$16,988$11,291$7,352$4,710$677
35 years$23,951$16,113$10,556$6,768$4,266$572
36 years$23,029$15,293$9,875$6,233$3,865$483
37 years$22,160$14,525$9,243$5,743$3,503$408
38 years$21,338$13,804$8,656$5,293$3,176$345
39 years$20,561$13,126$8,109$4,881$2,880$292
40 years$19,824$12,489$7,601$4,502$2,612$246
41 years$19,125$11,888$7,127$4,153$2,370$208
42 years$18,461$11,322$6,686$3,833$2,151$176
43 years$17,829$10,787$6,273$3,538$1,952$149
44 years$17,228$10,282$5,889$3,267$1,772$126
45 years$16,655$9,805$5,529$3,017$1,608$106
46 years$16,109$9,354$5,193$2,787$1,460$90
47 years$15,588$8,926$4,879$2,575$1,326$76
48 years$15,089$8,521$4,585$2,379$1,204$64
49 years$14,613$8,138$4,310$2,199$1,094$54
50 years$14,157$7,773$4,052$2,032$993$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,500,000, adding $3,958 every year, while hoping to spend $31,526 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: 54/37/9 Blend
71$14,500,000$14,500,000$14,500,000$14,500,000
72$15,983,083$15,214,583$14,989,833$16,810,417
73$17,579,814$15,926,554$15,458,449$18,083,393
74$19,338,355$16,672,355$15,941,707$19,464,364
75$21,275,177$17,453,610$16,440,064$20,966,595
76$23,408,431$18,272,023$16,953,992$22,601,591
77$25,758,117$19,129,378$17,483,977$24,381,992
78$28,346,275$20,027,548$18,030,520$26,321,688
79$31,197,191$20,968,494$18,594,139$28,435,940
80$34,337,628$21,954,274$19,175,366$30,741,521
81$37,797,077$22,987,044$19,774,751$33,256,871
82$41,608,035$24,069,065$20,392,862$36,002,258
83$45,806,314$25,202,709$21,030,282$38,999,967
84$50,431,377$26,390,461$21,687,615$42,274,503
85$55,526,710$27,634,926$22,365,483$45,852,813
86$61,140,234$28,938,837$23,064,526$49,764,535
87$67,324,756$30,305,058$23,785,406$54,042,265
88$74,138,468$31,736,593$24,528,804$58,721,862
89$81,645,497$33,236,591$25,295,424$63,842,774
90$89,916,506$34,808,353$26,085,990$69,448,401
91$99,029,369$36,455,341$26,901,250$75,586,497
92$109,069,897$38,181,185$27,741,974$82,309,607
93$120,132,654$39,989,691$28,608,958$89,675,555
94$132,321,848$41,884,849$29,503,021$97,747,979
95$145,752,313$43,870,842$30,425,008$106,596,917
96$160,550,595$45,952,060$31,375,792$116,299,458
97$176,856,145$48,133,100$32,356,270$126,940,456
98$194,822,637$50,418,787$33,367,371$138,613,316
99$214,619,417$52,814,179$34,410,049$151,420,867
100$236,433,102$55,324,578$35,485,290$165,476,310