Can I retire at age 72 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,166,283
2 years$621,387$609,814$598,598$587,724$577,176$531,578
3 years$410,143$398,520$387,333$376,560$366,184$322,210
4 years$304,542$292,955$281,879$271,291$261,166$219,150
5 years$241,198$229,680$218,750$208,377$198,534$158,586
6 years$198,982$187,551$176,782$166,641$157,093$119,239
7 years$168,840$157,505$146,907$137,005$127,759$91,989
8 years$146,243$135,011$124,589$114,930$105,988$72,269
9 years$128,678$117,551$107,308$97,895$89,257$57,540
10 years$114,633$103,616$93,554$84,386$76,052$46,279
11 years$103,150$92,243$82,363$73,441$65,407$37,513
12 years$93,587$82,792$73,095$64,418$56,680$30,594
13 years$85,502$74,820$65,306$56,871$49,426$25,072
14 years$78,578$68,009$58,678$50,484$43,327$20,627
15 years$72,583$62,128$52,978$45,023$38,148$17,023
16 years$67,342$57,001$48,032$40,313$33,716$14,085
17 years$62,722$52,496$43,707$36,221$29,895$11,679
18 years$58,621$48,509$39,899$32,642$26,581$9,700
19 years$54,955$44,957$36,526$29,495$23,692$8,067
20 years$51,660$41,776$33,522$26,714$21,162$6,718
21 years$48,683$38,913$30,833$24,244$18,938$5,599
22 years$45,980$36,324$28,418$22,044$16,975$4,671
23 years$43,515$33,973$26,239$20,076$15,238$3,899
24 years$41,260$31,831$24,266$18,310$13,696$3,256
25 years$39,188$29,871$22,476$16,722$12,324$2,721
26 years$37,279$28,074$20,845$15,290$11,101$2,274
27 years$35,514$26,421$19,356$13,995$10,009$1,902
28 years$33,877$24,897$17,994$12,822$9,031$1,590
29 years$32,357$23,487$16,745$11,758$8,155$1,331
30 years$30,941$22,181$15,598$10,791$7,368$1,113
31 years$29,618$20,968$14,541$9,911$6,662$932
32 years$28,381$19,840$13,567$9,108$6,026$780
33 years$27,221$18,789$12,668$8,376$5,454$653
34 years$26,132$17,808$11,836$7,707$4,938$546
35 years$25,107$16,890$11,066$7,094$4,472$457
36 years$24,141$16,032$10,352$6,534$4,052$383
37 years$23,230$15,226$9,689$6,020$3,672$321
38 years$22,368$14,470$9,073$5,549$3,329$269
39 years$21,553$13,760$8,501$5,116$3,019$225
40 years$20,781$13,091$7,968$4,719$2,739$188
41 years$20,048$12,462$7,471$4,354$2,485$158
42 years$19,352$11,868$7,008$4,018$2,254$132
43 years$18,690$11,308$6,576$3,709$2,046$111
44 years$18,060$10,779$6,173$3,425$1,857$93
45 years$17,459$10,279$5,796$3,163$1,686$78
46 years$16,887$9,805$5,444$2,922$1,531$65
47 years$16,340$9,357$5,115$2,699$1,390$54
48 years$15,818$8,933$4,806$2,494$1,262$46
49 years$15,318$8,530$4,518$2,305$1,147$38
50 years$14,841$8,149$4,247$2,131$1,041$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $15,200,000, adding $4,230 every year, while hoping to spend $56,963 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: 55/27/18 Blend
71$15,200,000$15,200,000$15,200,000$15,200,000
72$16,754,763$15,949,163$15,713,563$17,595,209
73$18,403,141$16,670,064$16,179,359$18,890,020
74$20,217,744$17,424,380$16,658,851$20,292,839
75$22,215,467$18,213,688$17,152,435$21,819,185
76$24,414,927$19,039,641$17,660,524$23,480,885
77$26,836,636$19,903,970$18,183,538$25,290,941
78$29,503,198$20,808,490$18,721,912$27,263,648
79$32,439,521$21,755,102$19,276,092$29,414,724
80$35,673,048$22,745,798$19,846,538$31,761,453
81$39,234,023$23,782,666$20,433,721$34,322,845
82$43,155,771$24,867,894$21,038,128$37,119,808
83$47,475,013$26,003,775$21,660,259$40,175,341
84$52,232,215$27,192,710$22,300,628$43,514,747
85$57,471,966$28,437,218$22,959,764$47,165,864
86$63,243,401$29,739,937$23,638,211$51,159,320
87$69,600,666$31,103,631$24,336,529$55,528,821
88$76,603,425$32,531,200$25,055,293$60,311,457
89$84,317,425$34,025,679$25,795,096$65,548,048
90$92,815,117$35,590,252$26,556,547$71,283,522
91$102,176,339$37,228,254$27,340,271$77,567,330
92$112,489,069$38,943,183$28,146,914$84,453,906
93$123,850,256$40,738,701$28,977,137$92,003,172
94$136,366,734$42,618,649$29,831,624$100,281,095
95$150,156,231$44,587,053$30,711,073$109,360,300
96$165,348,480$46,648,132$31,616,207$119,320,748
97$182,086,442$48,806,307$32,547,767$130,250,479
98$200,527,657$51,066,214$33,506,516$142,246,431
99$220,845,731$53,432,711$34,493,237$155,415,351
100$243,231,972$55,910,891$35,508,737$169,874,782