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

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 $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%13%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,141,802
2 years$592,771$581,731$571,031$560,658$550,595$536,057
3 years$391,255$380,167$369,495$359,219$349,320$335,144
4 years$290,517$279,463$268,898$258,797$249,138$235,433
5 years$230,090$219,103$208,676$198,781$189,391$176,197
6 years$189,818$178,914$168,641$158,967$149,859$137,191
7 years$161,064$150,252$140,141$130,695$121,875$109,739
8 years$139,508$128,793$118,851$109,637$101,107$89,502
9 years$122,752$112,138$102,366$93,386$85,147$74,067
10 years$109,354$98,844$89,245$80,500$72,549$61,988
11 years$98,400$87,995$78,570$70,059$62,395$52,342
12 years$89,277$78,980$69,729$61,451$54,070$44,514
13 years$81,565$71,374$62,298$54,252$47,150$38,079
14 years$74,959$64,877$55,975$48,159$41,332$32,733
15 years$69,240$59,267$50,538$42,949$36,392$28,250
16 years$64,240$54,376$45,820$38,457$32,163$24,465
17 years$59,834$50,078$41,695$34,553$28,518$21,247
18 years$55,921$46,275$38,062$31,139$25,357$18,498
19 years$52,424$42,887$34,844$28,137$22,601$16,139
20 years$49,281$39,852$31,978$25,483$20,188$14,106
21 years$46,441$37,121$29,413$23,128$18,066$12,348
22 years$43,862$34,651$27,109$21,028$16,193$10,824
23 years$41,511$32,408$25,030$19,151$14,536$9,499
24 years$39,360$30,365$23,149$17,467$13,065$8,345
25 years$37,383$28,496$21,441$15,952$11,757$7,337
26 years$35,562$26,781$19,885$14,585$10,590$6,456
27 years$33,878$25,204$18,465$13,350$9,548$5,685
28 years$32,317$23,750$17,166$12,232$8,615$5,009
29 years$30,867$22,405$15,974$11,217$7,779$4,416
30 years$29,516$21,160$14,879$10,294$7,029$3,894
31 years$28,254$20,003$13,871$9,454$6,355$3,436
32 years$27,074$18,927$12,942$8,689$5,749$3,033
33 years$25,967$17,924$12,084$7,990$5,202$2,677
34 years$24,928$16,988$11,291$7,352$4,710$2,364
35 years$23,951$16,113$10,556$6,768$4,266$2,089
36 years$23,029$15,293$9,875$6,233$3,865$1,845
37 years$22,160$14,525$9,243$5,743$3,503$1,631
38 years$21,338$13,804$8,656$5,293$3,176$1,441
39 years$20,561$13,126$8,109$4,881$2,880$1,274
40 years$19,824$12,489$7,601$4,502$2,612$1,126
41 years$19,125$11,888$7,127$4,153$2,370$996
42 years$18,461$11,322$6,686$3,833$2,151$881
43 years$17,829$10,787$6,273$3,538$1,952$779
44 years$17,228$10,282$5,889$3,267$1,772$689
45 years$16,655$9,805$5,529$3,017$1,608$609
46 years$16,109$9,354$5,193$2,787$1,460$539
47 years$15,588$8,926$4,879$2,575$1,326$477
48 years$15,089$8,521$4,585$2,379$1,204$422
49 years$14,613$8,138$4,310$2,199$1,094$373
50 years$14,157$7,773$4,052$2,032$993$330

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 $3,048 every year, while hoping to spend $49,405 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: 70/20/10 Blend
71$14,500,000$14,500,000$14,500,000$14,500,000
72$15,982,144$15,213,644$14,988,894$17,069,285
73$17,559,756$15,906,546$15,438,455$18,482,798
74$19,296,629$16,631,744$15,901,421$20,022,756
75$21,208,955$17,390,769$16,378,189$21,706,586
76$23,314,576$18,185,225$16,869,166$23,548,430
77$25,633,153$19,016,792$17,374,773$25,563,851
78$28,186,351$19,887,230$17,895,444$27,769,976
79$30,998,041$20,798,387$18,431,624$30,185,652
80$34,094,529$21,752,196$18,983,771$32,831,625
81$37,504,801$22,750,684$19,552,358$35,730,729
82$41,260,799$23,795,976$20,137,870$38,908,101
83$45,397,720$24,890,298$20,740,808$42,391,409
84$49,954,349$26,035,984$21,361,687$46,211,116
85$54,973,425$27,235,480$22,001,036$50,400,759
86$60,502,045$28,491,348$22,659,400$54,997,263
87$66,592,105$29,806,276$23,337,342$60,041,282
88$73,300,795$31,183,079$24,035,439$65,577,583
89$80,691,135$32,624,709$24,754,285$71,655,461
90$88,832,570$34,134,259$25,494,493$78,329,198
91$97,801,626$35,714,972$26,256,692$85,658,572
92$107,682,632$37,370,245$27,041,531$93,709,414
93$118,568,516$39,103,642$27,849,678$102,554,226
94$130,561,681$40,918,897$28,681,818$112,272,856
95$143,774,973$42,819,923$29,538,659$122,953,247
96$158,332,744$44,810,824$30,420,929$134,692,263
97$174,372,029$46,895,899$31,329,375$147,596,589
98$192,043,835$49,079,657$32,264,768$161,783,741
99$211,514,570$51,366,825$33,227,902$177,383,158
100$232,967,612$53,762,354$34,219,592$194,537,421