Can I retire at age 72 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,168,821
2 years$605,035$593,767$582,846$572,257$561,987$550,552
3 years$399,350$388,033$377,140$366,651$356,548$345,383
4 years$296,528$285,245$274,461$264,151$254,293$243,485
5 years$234,850$223,636$212,993$202,894$193,309$182,891
6 years$193,746$182,615$172,130$162,256$152,959$142,942
7 years$164,396$153,360$143,041$133,399$124,397$114,786
8 years$142,395$131,458$121,310$111,905$103,199$93,994
9 years$125,291$114,458$104,484$95,319$86,909$78,106
10 years$111,617$100,889$91,092$82,165$74,050$65,645
11 years$100,435$89,816$80,196$71,509$63,686$55,670
12 years$91,125$80,614$71,172$62,723$55,189$47,556
13 years$83,252$72,851$63,587$55,375$48,126$40,867
14 years$76,510$66,220$57,133$49,155$42,187$35,292
15 years$70,673$60,493$51,584$43,838$37,144$30,604
16 years$65,570$55,501$46,768$39,252$32,828$26,631
17 years$61,072$51,114$42,557$35,268$29,108$23,242
18 years$57,078$47,232$38,849$31,783$25,881$20,337
19 years$53,509$43,774$35,565$28,719$23,069$17,833
20 years$50,301$40,677$32,639$26,011$20,605$15,667
21 years$47,402$37,889$30,022$23,606$18,439$13,786
22 years$44,770$35,368$27,670$21,463$16,528$12,149
23 years$42,370$33,079$25,548$19,547$14,837$10,719
24 years$40,174$30,993$23,628$17,828$13,336$9,468
25 years$38,157$29,085$21,884$16,282$12,000$8,370
26 years$36,298$27,336$20,296$14,887$10,809$7,406
27 years$34,579$25,726$18,847$13,627$9,745$6,558
28 years$32,986$24,241$17,521$12,485$8,793$5,811
29 years$31,506$22,869$16,305$11,449$7,940$5,151
30 years$30,126$21,597$15,187$10,507$7,175$4,569
31 years$28,839$20,417$14,158$9,650$6,486$4,055
32 years$27,634$19,318$13,210$8,869$5,867$3,599
33 years$26,505$18,295$12,334$8,155$5,310$3,196
34 years$25,444$17,339$11,524$7,504$4,808$2,839
35 years$24,446$16,446$10,775$6,908$4,354$2,523
36 years$23,506$15,610$10,079$6,362$3,945$2,242
37 years$22,618$14,826$9,434$5,861$3,576$1,993
38 years$21,780$14,090$8,835$5,403$3,242$1,772
39 years$20,986$13,398$8,277$4,982$2,940$1,576
40 years$20,234$12,747$7,758$4,595$2,666$1,402
41 years$19,520$12,134$7,275$4,239$2,419$1,247
42 years$18,843$11,556$6,824$3,912$2,195$1,109
43 years$18,198$11,010$6,403$3,612$1,992$987
44 years$17,585$10,495$6,011$3,335$1,808$878
45 years$17,000$10,008$5,644$3,080$1,642$781
46 years$16,442$9,547$5,301$2,845$1,491$695
47 years$15,910$9,111$4,980$2,628$1,353$619
48 years$15,402$8,698$4,680$2,429$1,229$551
49 years$14,915$8,306$4,399$2,244$1,116$490
50 years$14,450$7,934$4,135$2,075$1,014$436

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,800,000, adding $3,613 every year, while hoping to spend $37,506 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: 57/29/14 Blend
71$14,800,000$14,800,000$14,800,000$14,800,000
72$16,313,327$15,528,927$15,299,527$17,184,509
73$17,937,380$16,249,938$15,772,155$18,495,727
74$19,725,830$17,005,022$16,259,359$19,919,418
75$21,695,405$17,795,808$16,761,588$21,469,919
76$23,864,539$18,624,006$17,279,304$23,159,397
77$26,253,545$19,491,405$17,812,983$25,001,223
78$28,884,806$20,399,884$18,363,118$27,010,101
79$31,782,989$21,351,410$18,930,215$29,202,195
80$34,975,271$22,348,048$19,514,795$31,595,282
81$38,491,605$23,391,958$20,117,397$34,208,911
82$42,364,994$24,485,409$20,738,575$37,064,582
83$46,631,807$25,630,778$21,378,901$40,185,948
84$51,332,121$26,830,555$22,038,963$43,599,023
85$56,510,098$28,087,353$22,719,370$47,332,433
86$62,214,405$29,403,911$23,420,746$51,417,669
87$68,498,671$30,783,099$24,143,737$55,889,385
88$75,421,991$32,227,926$24,889,008$60,785,713
89$83,049,488$33,741,548$25,657,243$66,148,618
90$91,452,925$35,327,273$26,449,150$72,024,286
91$100,711,382$36,988,569$27,265,456$78,463,552
92$110,912,006$38,729,072$28,106,911$85,522,369
93$122,150,827$40,552,593$28,974,289$93,262,331
94$134,533,671$42,463,129$29,868,387$101,751,242
95$148,177,153$44,464,870$30,790,026$111,063,747
96$163,209,784$46,562,210$31,740,054$121,282,026
97$179,773,178$48,759,754$32,719,341$132,496,562
98$198,023,392$51,062,332$33,728,789$144,806,979
99$218,132,398$53,475,007$34,769,323$158,322,975
100$240,289,707$56,003,087$35,841,901$173,165,343