Can I retire at age 72 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,132,863
2 years$600,947$589,755$578,908$568,391$558,190$518,948
3 years$396,652$385,411$374,592$364,174$354,139$316,222
4 years$294,524$283,318$272,607$262,367$252,575$216,274
5 years$233,263$222,125$211,554$201,523$192,003$157,415
6 years$192,436$181,382$170,967$161,159$151,926$119,078
7 years$163,286$152,324$142,074$132,498$123,556$92,444
8 years$141,433$130,570$120,490$111,149$102,502$73,101
9 years$124,445$113,684$103,778$94,674$86,321$58,597
10 years$110,862$100,207$90,476$81,610$73,550$47,457
11 years$99,757$89,209$79,654$71,025$63,256$38,744
12 years$90,509$80,069$70,691$62,299$54,816$31,830
13 years$82,690$72,359$63,158$55,001$47,801$26,282
14 years$75,993$65,772$56,747$48,823$41,902$21,789
15 years$70,195$60,084$51,235$43,542$36,894$18,124
16 years$65,127$55,126$46,452$38,987$32,607$15,116
17 years$60,659$50,769$42,270$35,029$28,911$12,635
18 years$56,692$46,913$38,587$31,569$25,707$10,581
19 years$53,147$43,478$35,324$28,525$22,913$8,874
20 years$49,961$40,402$32,419$25,835$20,466$7,452
21 years$47,081$37,633$29,819$23,447$18,315$6,264
22 years$44,467$35,129$27,483$21,318$16,417$5,271
23 years$42,084$32,856$25,376$19,415$14,737$4,438
24 years$39,903$30,784$23,468$17,708$13,246$3,739
25 years$37,899$28,889$21,736$16,172$11,919$3,152
26 years$36,052$27,151$20,159$14,787$10,736$2,658
27 years$34,345$25,552$18,720$13,535$9,680$2,242
28 years$32,763$24,078$17,402$12,401$8,734$1,892
29 years$31,293$22,714$16,194$11,372$7,887$1,597
30 years$29,923$21,451$15,084$10,436$7,126$1,349
31 years$28,644$20,279$14,063$9,585$6,443$1,139
32 years$27,447$19,188$13,121$8,809$5,828$962
33 years$26,326$18,171$12,251$8,100$5,274$813
34 years$25,272$17,222$11,447$7,453$4,775$686
35 years$24,281$16,335$10,702$6,861$4,325$580
36 years$23,347$15,504$10,011$6,319$3,919$490
37 years$22,466$14,725$9,370$5,822$3,552$414
38 years$21,633$13,994$8,775$5,366$3,220$350
39 years$20,844$13,307$8,221$4,948$2,920$296
40 years$20,097$12,661$7,706$4,564$2,648$250
41 years$19,388$12,052$7,225$4,211$2,403$211
42 years$18,715$11,478$6,778$3,886$2,180$179
43 years$18,075$10,936$6,360$3,587$1,979$151
44 years$17,466$10,424$5,970$3,312$1,796$128
45 years$16,885$9,941$5,606$3,059$1,631$108
46 years$16,331$9,483$5,265$2,825$1,480$91
47 years$15,803$9,050$4,946$2,610$1,344$77
48 years$15,298$8,639$4,648$2,412$1,221$65
49 years$14,815$8,250$4,369$2,229$1,109$55
50 years$14,352$7,881$4,107$2,060$1,007$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,700,000, adding $4,061 every year, while hoping to spend $37,587 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: 56/16/28 Blend
71$14,700,000$14,700,000$14,700,000$14,700,000
72$16,203,589$15,424,489$15,196,639$16,985,697
73$17,816,363$16,140,297$15,665,734$18,240,144
74$19,592,380$16,889,919$16,149,284$19,602,000
75$21,548,251$17,674,974$16,647,734$21,085,109
76$23,702,281$18,497,156$17,161,541$22,701,184
77$26,074,639$19,358,242$17,691,178$24,463,107
78$28,687,551$20,260,095$18,237,132$26,385,049
79$31,565,510$21,204,668$18,799,904$28,482,596
80$34,735,503$22,194,008$19,380,012$30,772,898
81$38,227,270$23,230,260$19,977,988$33,274,820
82$42,073,583$24,315,674$20,594,382$36,009,125
83$46,310,554$25,452,608$21,229,760$38,998,657
84$50,977,979$26,643,533$21,884,705$42,268,558
85$56,119,709$27,891,043$22,559,818$45,846,501
86$61,784,067$29,197,852$23,255,721$49,762,941
87$68,024,305$30,566,810$23,973,050$54,051,403
88$74,899,103$32,000,902$24,712,466$58,748,793
89$82,473,123$33,503,258$25,474,646$63,895,737
90$90,817,625$35,077,161$26,260,289$69,536,963
91$100,011,132$36,726,051$27,070,118$75,721,716
92$110,140,174$38,453,535$27,904,874$82,504,218
93$121,300,109$40,263,394$28,765,324$89,944,169
94$133,596,014$42,159,594$29,652,256$98,107,310
95$147,143,685$44,146,292$30,566,484$107,066,035
96$162,070,726$46,227,846$31,508,847$116,900,065
97$178,517,754$48,408,825$32,480,207$127,697,194
98$196,639,728$50,694,020$33,481,457$139,554,112
99$216,607,407$53,088,454$34,513,513$152,577,308
100$238,608,968$55,597,394$35,577,321$166,884,067