Can I retire at age 72 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,150,114
2 years$609,123$597,778$586,784$576,124$565,784$527,817
3 years$402,048$390,655$379,688$369,128$358,957$322,247
4 years$298,531$287,173$276,316$265,936$256,011$220,840
5 years$236,437$225,147$214,432$204,264$194,615$161,078
6 years$195,055$183,849$173,293$163,352$153,993$122,116
7 years$165,507$154,396$144,007$134,301$125,237$95,019
8 years$143,357$132,346$122,130$112,661$103,896$75,315
9 years$126,138$115,231$105,190$95,963$87,496$60,519
10 years$112,371$101,571$91,707$82,721$74,551$49,138
11 years$101,114$90,422$80,738$71,992$64,116$40,220
12 years$91,740$81,158$71,653$63,146$55,562$33,131
13 years$83,815$73,343$64,017$55,749$48,451$27,431
14 years$77,027$66,667$57,519$49,488$42,472$22,805
15 years$71,150$60,902$51,932$44,134$37,395$19,023
16 years$66,013$55,876$47,084$39,517$33,050$15,911
17 years$61,484$51,460$42,845$35,506$29,305$13,339
18 years$57,464$47,551$39,112$31,998$26,056$11,204
19 years$53,870$44,070$35,805$28,913$23,225$9,425
20 years$50,640$40,952$32,860$26,186$20,745$7,939
21 years$47,722$38,145$30,225$23,766$18,564$6,694
22 years$45,072$35,607$27,857$21,609$16,640$5,650
23 years$42,657$33,303$25,721$19,679$14,937$4,772
24 years$40,446$31,202$23,787$17,949$13,426$4,034
25 years$38,415$29,282$22,032$16,392$12,081$3,411
26 years$36,543$27,520$20,434$14,988$10,882$2,886
27 years$34,813$25,900$18,974$13,719$9,811$2,443
28 years$33,209$24,405$17,639$12,569$8,853$2,068
29 years$31,718$23,023$16,415$11,526$7,994$1,751
30 years$30,330$21,743$15,290$10,578$7,223$1,484
31 years$29,034$20,555$14,254$9,715$6,530$1,257
32 years$27,821$19,449$13,299$8,929$5,907$1,065
33 years$26,684$18,418$12,418$8,211$5,346$903
34 years$25,616$17,456$11,602$7,554$4,840$765
35 years$24,611$16,557$10,847$6,954$4,384$649
36 years$23,665$15,715$10,147$6,405$3,972$550
37 years$22,771$14,926$9,498$5,901$3,600$466
38 years$21,927$14,185$8,894$5,439$3,264$395
39 years$21,128$13,488$8,333$5,015$2,960$335
40 years$20,371$12,833$7,811$4,626$2,685$284
41 years$19,652$12,216$7,324$4,268$2,435$241
42 years$18,970$11,634$6,870$3,939$2,210$204
43 years$18,321$11,085$6,447$3,636$2,006$173
44 years$17,703$10,566$6,051$3,357$1,821$147
45 years$17,115$10,076$5,682$3,100$1,653$125
46 years$16,553$9,612$5,337$2,864$1,501$106
47 years$16,018$9,173$5,014$2,646$1,363$90
48 years$15,506$8,757$4,711$2,445$1,237$76
49 years$15,016$8,362$4,428$2,260$1,124$64
50 years$14,548$7,988$4,163$2,089$1,021$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,900,000, adding $2,203 every year, while hoping to spend $44,679 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: 63/17/20 Blend
71$14,900,000$14,900,000$14,900,000$14,900,000
72$16,422,072$15,632,372$15,401,422$17,372,203
73$18,049,586$16,350,821$15,869,832$18,731,011
74$19,841,608$17,102,975$16,352,436$20,209,145
75$21,814,872$17,890,441$16,849,662$21,822,431
76$23,987,815$18,714,899$17,361,952$23,584,061
77$26,380,755$19,578,112$17,889,761$25,508,549
78$29,016,080$20,481,927$18,433,556$27,611,863
79$31,918,460$21,428,281$18,993,819$29,911,578
80$35,115,078$22,419,202$19,571,047$32,427,029
81$38,635,891$23,456,818$20,165,753$35,179,500
82$42,513,908$24,543,358$20,778,461$38,192,413
83$46,785,502$25,681,159$21,409,716$41,491,552
84$51,490,758$26,872,670$22,060,076$45,105,296
85$56,673,843$28,120,459$22,730,116$49,064,888
86$62,383,431$29,427,217$23,420,430$53,404,720
87$68,673,155$30,795,765$24,131,629$58,162,660
88$75,602,120$32,229,060$24,864,341$63,380,397
89$83,235,454$33,730,202$25,619,215$69,103,836
90$91,644,929$35,302,441$26,396,917$75,383,522
91$100,909,633$36,949,182$27,198,136$82,275,112
92$111,116,721$38,673,996$28,023,578$89,839,897
93$122,362,231$40,480,627$28,873,973$98,145,372
94$134,752,000$42,372,999$29,750,072$107,265,870
95$148,402,652$44,355,224$30,652,648$117,283,252
96$163,442,709$46,431,617$31,582,498$128,287,680
97$180,013,795$48,606,696$32,540,442$140,378,453
98$198,271,980$50,885,202$33,527,324$153,664,945
99$218,389,249$53,272,103$34,544,016$168,267,624
100$240,555,125$55,772,609$35,591,413$184,319,183