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%17.8%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,142,852
2 years$605,035$593,767$582,846$572,257$561,987$524,726
3 years$399,350$388,033$377,140$366,651$356,548$320,514
4 years$296,528$285,245$274,461$264,151$254,293$219,763
5 years$234,850$223,636$212,993$202,894$193,309$160,377
6 years$193,746$182,615$172,130$162,256$152,959$121,651
7 years$164,396$153,360$143,041$133,399$124,397$94,711
8 years$142,395$131,458$121,310$111,905$103,199$75,116
9 years$125,291$114,458$104,484$95,319$86,909$60,396
10 years$111,617$100,889$91,092$82,165$74,050$49,068
11 years$100,435$89,816$80,196$71,509$63,686$40,189
12 years$91,125$80,614$71,172$62,723$55,189$33,128
13 years$83,252$72,851$63,587$55,375$48,126$27,446
14 years$76,510$66,220$57,133$49,155$42,187$22,834
15 years$70,673$60,493$51,584$43,838$37,144$19,060
16 years$65,570$55,501$46,768$39,252$32,828$15,954
17 years$61,072$51,114$42,557$35,268$29,108$13,385
18 years$57,078$47,232$38,849$31,783$25,881$11,251
19 years$53,509$43,774$35,565$28,719$23,069$9,471
20 years$50,301$40,677$32,639$26,011$20,605$7,984
21 years$47,402$37,889$30,022$23,606$18,439$6,738
22 years$44,770$35,368$27,670$21,463$16,528$5,691
23 years$42,370$33,079$25,548$19,547$14,837$4,811
24 years$40,174$30,993$23,628$17,828$13,336$4,069
25 years$38,157$29,085$21,884$16,282$12,000$3,444
26 years$36,298$27,336$20,296$14,887$10,809$2,916
27 years$34,579$25,726$18,847$13,627$9,745$2,470
28 years$32,986$24,241$17,521$12,485$8,793$2,093
29 years$31,506$22,869$16,305$11,449$7,940$1,774
30 years$30,126$21,597$15,187$10,507$7,175$1,504
31 years$28,839$20,417$14,158$9,650$6,486$1,275
32 years$27,634$19,318$13,210$8,869$5,867$1,082
33 years$26,505$18,295$12,334$8,155$5,310$917
34 years$25,444$17,339$11,524$7,504$4,808$778
35 years$24,446$16,446$10,775$6,908$4,354$660
36 years$23,506$15,610$10,079$6,362$3,945$560
37 years$22,618$14,826$9,434$5,861$3,576$475
38 years$21,780$14,090$8,835$5,403$3,242$403
39 years$20,986$13,398$8,277$4,982$2,940$342
40 years$20,234$12,747$7,758$4,595$2,666$291
41 years$19,520$12,134$7,275$4,239$2,419$247
42 years$18,843$11,556$6,824$3,912$2,195$209
43 years$18,198$11,010$6,403$3,612$1,992$178
44 years$17,585$10,495$6,011$3,335$1,808$151
45 years$17,000$10,008$5,644$3,080$1,642$128
46 years$16,442$9,547$5,301$2,845$1,491$109
47 years$15,910$9,111$4,980$2,628$1,353$92
48 years$15,402$8,698$4,680$2,429$1,229$78
49 years$14,915$8,306$4,399$2,244$1,116$66
50 years$14,450$7,934$4,135$2,075$1,014$56

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 $2,943 every year, while hoping to spend $47,701 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: 34/43/23 Blend
71$14,800,000$14,800,000$14,800,000$14,800,000
72$16,312,636$15,528,236$15,298,836$16,752,757
73$17,925,771$16,238,366$15,760,593$17,790,660
74$19,701,847$16,981,693$16,236,221$18,904,574
75$21,657,435$17,759,795$16,726,133$20,104,830
76$23,810,791$18,574,323$17,230,756$21,399,118
77$26,182,034$19,427,008$17,750,529$22,795,860
78$28,793,335$20,319,664$18,285,905$24,304,289
79$31,669,121$21,254,194$18,837,349$25,934,527
80$34,836,312$22,232,590$19,405,341$27,697,672
81$38,324,570$23,256,941$19,990,374$29,605,897
82$42,166,581$24,329,436$20,592,957$31,672,560
83$46,398,364$25,452,370$21,213,612$33,912,313
84$51,059,609$26,628,148$21,852,880$36,341,242
85$56,194,052$27,859,290$22,511,314$38,977,002
86$61,849,889$29,148,438$23,189,487$41,838,979
87$68,080,228$30,498,363$23,887,985$44,948,461
88$74,943,594$31,911,965$24,607,415$48,328,830
89$82,504,477$33,392,288$25,348,401$52,005,769
90$90,833,945$34,942,521$26,111,583$56,007,496
91$100,010,310$36,566,007$26,897,624$60,365,020
92$110,119,870$38,266,250$27,707,202$65,112,416
93$121,257,723$40,046,923$28,541,020$70,287,141
94$133,528,664$41,911,876$29,399,798$75,930,366
95$147,048,175$43,865,145$30,284,278$82,087,357
96$161,943,513$45,910,961$31,195,226$88,807,886
97$178,354,913$48,053,760$32,133,427$96,146,684
98$196,436,911$50,298,190$33,099,693$104,163,942
99$216,359,800$52,649,126$34,094,858$112,925,863
100$238,311,244$55,111,677$35,119,780$122,505,269