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

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,170,875
2 years$609,123$597,778$586,784$576,124$565,784$548,419
3 years$402,048$390,655$379,688$369,128$358,957$342,039
4 years$298,531$287,173$276,316$265,936$256,011$239,670
5 years$236,437$225,147$214,432$204,264$194,615$178,899
6 years$195,055$183,849$173,293$163,352$153,993$138,919
7 years$165,507$154,396$144,007$134,301$125,237$110,812
8 years$143,357$132,346$122,130$112,661$103,896$90,118
9 years$126,138$115,231$105,190$95,963$87,496$74,357
10 years$112,371$101,571$91,707$82,721$74,551$62,041
11 years$101,114$90,422$80,738$71,992$64,116$52,224
12 years$91,740$81,158$71,653$63,146$55,562$44,272
13 years$83,815$73,343$64,017$55,749$48,451$37,749
14 years$77,027$66,667$57,519$49,488$42,472$32,340
15 years$71,150$60,902$51,932$44,134$37,395$27,817
16 years$66,013$55,876$47,084$39,517$33,050$24,006
17 years$61,484$51,460$42,845$35,506$29,305$20,775
18 years$57,464$47,551$39,112$31,998$26,056$18,022
19 years$53,870$44,070$35,805$28,913$23,225$15,666
20 years$50,640$40,952$32,860$26,186$20,745$13,642
21 years$47,722$38,145$30,225$23,766$18,564$11,897
22 years$45,072$35,607$27,857$21,609$16,640$10,389
23 years$42,657$33,303$25,721$19,679$14,937$9,082
24 years$40,446$31,202$23,787$17,949$13,426$7,948
25 years$38,415$29,282$22,032$16,392$12,081$6,961
26 years$36,543$27,520$20,434$14,988$10,882$6,101
27 years$34,813$25,900$18,974$13,719$9,811$5,351
28 years$33,209$24,405$17,639$12,569$8,853$4,695
29 years$31,718$23,023$16,415$11,526$7,994$4,122
30 years$30,330$21,743$15,290$10,578$7,223$3,621
31 years$29,034$20,555$14,254$9,715$6,530$3,181
32 years$27,821$19,449$13,299$8,929$5,907$2,796
33 years$26,684$18,418$12,418$8,211$5,346$2,459
34 years$25,616$17,456$11,602$7,554$4,840$2,162
35 years$24,611$16,557$10,847$6,954$4,384$1,902
36 years$23,665$15,715$10,147$6,405$3,972$1,673
37 years$22,771$14,926$9,498$5,901$3,600$1,472
38 years$21,927$14,185$8,894$5,439$3,264$1,296
39 years$21,128$13,488$8,333$5,015$2,960$1,141
40 years$20,371$12,833$7,811$4,626$2,685$1,004
41 years$19,652$12,216$7,324$4,268$2,435$884
42 years$18,970$11,634$6,870$3,939$2,210$778
43 years$18,321$11,085$6,447$3,636$2,006$685
44 years$17,703$10,566$6,051$3,357$1,821$604
45 years$17,115$10,076$5,682$3,100$1,653$531
46 years$16,553$9,612$5,337$2,864$1,501$468
47 years$16,018$9,173$5,014$2,646$1,363$412
48 years$15,506$8,757$4,711$2,445$1,237$363
49 years$15,016$8,362$4,428$2,260$1,124$320
50 years$14,548$7,988$4,163$2,089$1,021$282

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 $6,980 every year, while hoping to spend $59,003 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: 48/24/28 Blend
71$14,900,000$14,900,000$14,900,000$14,900,000
72$16,427,000$15,637,300$15,406,350$17,083,857
73$18,039,775$16,340,749$15,859,684$18,250,142
74$19,815,076$17,076,689$16,326,227$19,509,633
75$21,769,418$17,846,651$16,806,360$20,876,331
76$23,920,998$18,652,237$17,300,472$22,360,379
77$26,289,869$19,495,126$17,808,968$23,972,923
78$28,898,127$20,377,078$18,332,259$25,726,214
79$31,770,117$21,299,936$18,870,771$27,633,718
80$34,932,669$22,265,632$19,424,941$29,710,237
81$38,415,343$23,276,191$19,995,219$31,972,051
82$42,250,716$24,333,732$20,582,067$34,437,056
83$46,474,683$25,440,479$21,185,961$37,124,938
84$51,126,798$26,598,760$21,807,388$40,057,347
85$56,250,648$27,811,015$22,446,851$43,258,098
86$61,894,260$29,079,801$23,104,867$46,753,391
87$68,110,562$30,407,798$23,781,967$50,572,049
88$74,957,873$31,797,815$24,478,697$54,745,788
89$82,500,462$33,252,793$25,195,619$59,309,504
90$90,809,146$34,775,817$25,933,309$64,301,603
91$99,961,966$36,370,119$26,692,362$69,764,349
92$110,044,917$38,039,086$27,473,387$75,744,262
93$121,152,765$39,786,267$28,277,012$82,292,542
94$133,389,936$41,615,383$29,103,880$89,465,551
95$146,871,505$43,530,333$29,954,656$97,325,333
96$161,724,283$45,535,203$30,830,021$105,940,192
97$178,088,007$47,634,276$31,730,674$115,385,324
98$196,116,669$49,832,040$32,657,337$125,743,524
99$215,979,961$52,133,201$33,610,749$137,105,950
100$237,864,879$54,542,690$34,591,671$149,572,979