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

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,140,163
2 years$600,947$589,755$578,908$568,391$558,190$526,148
3 years$396,652$385,411$374,592$364,174$354,139$323,094
4 years$294,524$283,318$272,607$262,367$252,575$222,766
5 years$233,263$222,125$211,554$201,523$192,003$163,512
6 years$192,436$181,382$170,967$161,159$151,926$124,779
7 years$163,286$152,324$142,074$132,498$123,556$97,756
8 years$141,433$130,570$120,490$111,149$102,502$78,034
9 years$124,445$113,684$103,778$94,674$86,321$63,163
10 years$110,862$100,207$90,476$81,610$73,550$51,671
11 years$99,757$89,209$79,654$71,025$63,256$42,622
12 years$90,509$80,069$70,691$62,299$54,816$35,389
13 years$82,690$72,359$63,158$55,001$47,801$29,539
14 years$75,993$65,772$56,747$48,823$41,902$24,762
15 years$70,195$60,084$51,235$43,542$36,894$20,831
16 years$65,127$55,126$46,452$38,987$32,607$17,575
17 years$60,659$50,769$42,270$35,029$28,911$14,864
18 years$56,692$46,913$38,587$31,569$25,707$12,596
19 years$53,147$43,478$35,324$28,525$22,913$10,692
20 years$49,961$40,402$32,419$25,835$20,466$9,089
21 years$47,081$37,633$29,819$23,447$18,315$7,736
22 years$44,467$35,129$27,483$21,318$16,417$6,590
23 years$42,084$32,856$25,376$19,415$14,737$5,619
24 years$39,903$30,784$23,468$17,708$13,246$4,795
25 years$37,899$28,889$21,736$16,172$11,919$4,094
26 years$36,052$27,151$20,159$14,787$10,736$3,497
27 years$34,345$25,552$18,720$13,535$9,680$2,989
28 years$32,763$24,078$17,402$12,401$8,734$2,556
29 years$31,293$22,714$16,194$11,372$7,887$2,186
30 years$29,923$21,451$15,084$10,436$7,126$1,870
31 years$28,644$20,279$14,063$9,585$6,443$1,600
32 years$27,447$19,188$13,121$8,809$5,828$1,369
33 years$26,326$18,171$12,251$8,100$5,274$1,172
34 years$25,272$17,222$11,447$7,453$4,775$1,004
35 years$24,281$16,335$10,702$6,861$4,325$859
36 years$23,347$15,504$10,011$6,319$3,919$736
37 years$22,466$14,725$9,370$5,822$3,552$630
38 years$21,633$13,994$8,775$5,366$3,220$540
39 years$20,844$13,307$8,221$4,948$2,920$462
40 years$20,097$12,661$7,706$4,564$2,648$396
41 years$19,388$12,052$7,225$4,211$2,403$339
42 years$18,715$11,478$6,778$3,886$2,180$291
43 years$18,075$10,936$6,360$3,587$1,979$249
44 years$17,466$10,424$5,970$3,312$1,796$213
45 years$16,885$9,941$5,606$3,059$1,631$183
46 years$16,331$9,483$5,265$2,825$1,480$157
47 years$15,803$9,050$4,946$2,610$1,344$134
48 years$15,298$8,639$4,648$2,412$1,221$115
49 years$14,815$8,250$4,369$2,229$1,109$98
50 years$14,352$7,881$4,107$2,060$1,007$84

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 $6,229 every year, while hoping to spend $27,980 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: 55/17/28 Blend
71$14,700,000$14,700,000$14,700,000$14,700,000
72$16,205,825$15,426,725$15,198,875$16,971,175
73$17,829,049$16,152,864$15,678,267$18,225,901
74$19,616,904$16,913,646$16,172,781$19,588,362
75$21,586,152$17,710,739$16,682,893$21,071,757
76$23,755,266$18,545,892$17,209,097$22,687,736
77$26,144,601$19,420,938$17,751,899$24,449,111
78$28,776,586$20,337,800$18,311,823$26,369,970
79$31,675,939$21,298,493$18,889,410$28,465,811
80$34,869,895$22,305,130$19,485,217$30,753,680
81$38,388,471$23,359,928$20,099,817$33,252,329
82$42,264,739$24,465,208$20,733,805$35,982,392
83$46,535,147$25,623,408$21,387,792$38,966,570
84$51,239,857$26,837,081$22,062,409$42,229,845
85$56,423,129$28,108,904$22,758,306$45,799,706
86$62,133,735$29,441,687$23,476,156$49,706,411
87$68,425,418$30,838,372$24,216,650$53,983,259
88$75,357,406$32,302,047$24,980,502$58,666,904
89$82,994,963$33,835,949$25,768,451$63,797,695
90$91,410,011$35,443,472$26,581,255$69,420,048
91$100,681,804$37,128,175$27,419,700$75,582,862
92$110,897,682$38,893,789$28,284,594$82,339,971
93$122,153,889$40,744,228$29,176,771$89,750,650
94$134,556,485$42,683,595$30,097,092$97,880,162
95$148,222,347$44,716,192$31,046,445$106,800,371
96$163,280,272$46,846,530$32,025,747$116,590,409
97$179,872,191$49,079,342$33,035,941$127,337,420
98$198,154,513$51,419,588$34,078,003$139,137,369
99$218,299,594$53,872,469$35,152,937$152,095,940
100$240,497,374$56,443,441$36,261,782$166,329,528