Can I retire at age 72 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,199,832
2 years$625,475$613,826$602,537$591,591$580,973$560,669
3 years$412,841$401,142$389,881$379,038$368,593$348,829
4 years$306,545$294,882$283,734$273,075$262,884$243,812
5 years$242,784$231,191$220,189$209,748$199,840$181,515
6 years$200,291$188,785$177,945$167,737$158,127$140,569
7 years$169,950$158,541$147,873$137,906$128,599$111,815
8 years$147,205$135,899$125,408$115,686$106,686$90,671
9 years$129,524$118,325$108,014$98,539$89,845$74,592
10 years$115,387$104,297$94,169$84,941$76,552$62,048
11 years$103,829$92,850$82,905$73,924$65,837$52,066
12 years$94,203$83,337$73,576$64,842$57,053$43,997
13 years$86,065$75,312$65,735$57,245$49,752$37,391
14 years$79,095$68,457$59,064$50,816$43,612$31,926
15 years$73,060$62,537$53,326$45,319$38,399$27,367
16 years$67,785$57,376$48,348$40,578$33,937$23,535
17 years$63,135$52,841$43,995$36,459$30,091$20,296
18 years$59,006$48,828$40,162$32,857$26,756$17,543
19 years$55,316$45,253$36,766$29,689$23,848$15,194
20 years$52,000$42,051$33,742$26,889$21,302$13,181
21 years$49,003$39,169$31,036$24,404$19,062$11,452
22 years$46,282$36,563$28,605$22,189$17,087$9,962
23 years$43,802$34,197$26,411$20,208$15,338$8,676
24 years$41,531$32,040$24,426$18,431$13,786$7,562
25 years$39,446$30,068$22,623$16,832$12,405$6,597
26 years$37,524$28,259$20,982$15,390$11,174$5,759
27 years$35,747$26,595$19,484$14,087$10,075$5,031
28 years$34,100$25,060$18,113$12,907$9,091$4,397
29 years$32,570$23,642$16,855$11,836$8,209$3,844
30 years$31,144$22,327$15,700$10,862$7,417$3,363
31 years$29,813$21,106$14,637$9,976$6,706$2,943
32 years$28,568$19,971$13,656$9,168$6,066$2,576
33 years$27,400$18,913$12,751$8,431$5,489$2,255
34 years$26,304$17,925$11,914$7,757$4,970$1,975
35 years$25,272$17,002$11,139$7,141$4,502$1,730
36 years$24,300$16,137$10,420$6,577$4,079$1,516
37 years$23,383$15,326$9,753$6,060$3,697$1,328
38 years$22,516$14,566$9,133$5,585$3,351$1,164
39 years$21,695$13,850$8,557$5,150$3,039$1,020
40 years$20,918$13,178$8,020$4,750$2,757$894
41 years$20,180$12,544$7,520$4,382$2,501$784
42 years$19,479$11,946$7,054$4,044$2,269$687
43 years$18,813$11,382$6,620$3,734$2,059$602
44 years$18,179$10,850$6,214$3,447$1,869$528
45 years$17,574$10,346$5,834$3,184$1,697$463
46 years$16,998$9,870$5,480$2,941$1,541$406
47 years$16,448$9,419$5,148$2,717$1,399$356
48 years$15,922$8,992$4,838$2,511$1,271$312
49 years$15,419$8,587$4,547$2,320$1,154$274
50 years$14,938$8,202$4,275$2,145$1,048$240

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $15,300,000, adding $3,421 every year, while hoping to spend $42,101 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: 74/15/11 Blend
71$15,300,000$15,300,000$15,300,000$15,300,000
72$16,864,129$16,053,229$15,816,079$18,076,081
73$18,539,475$16,795,042$16,301,122$19,618,339
74$20,384,295$17,571,793$16,801,004$21,301,926
75$22,415,831$18,385,149$17,316,176$23,145,278
76$24,653,083$19,236,858$17,847,104$25,164,217
77$27,116,986$20,128,753$18,394,271$27,376,159
78$29,830,610$21,062,752$18,958,170$29,800,275
79$32,819,375$22,040,870$19,539,312$32,457,670
80$36,111,295$23,065,217$20,138,222$35,371,579
81$39,737,237$24,138,003$20,755,443$38,567,586
82$43,731,217$25,261,547$21,391,532$42,073,857
83$48,130,718$26,438,279$22,047,065$45,921,406
84$52,977,044$27,670,747$22,722,634$50,144,385
85$58,315,710$28,961,622$23,418,850$54,780,401
86$64,196,873$30,313,701$24,136,342$59,870,867
87$70,675,803$31,729,922$24,875,759$65,461,390
88$77,813,405$33,213,358$25,637,767$71,602,198
89$85,676,796$34,767,236$26,423,056$78,348,609
90$94,339,935$36,394,937$27,232,334$85,761,547
91$103,884,324$38,100,004$28,066,332$93,908,118
92$114,399,774$39,886,154$28,925,804$102,862,230
93$125,985,256$41,757,281$29,811,524$112,705,294
94$138,749,834$43,717,469$30,724,292$123,526,983
95$152,813,693$45,771,001$31,664,931$135,426,072
96$168,309,273$47,922,364$32,634,290$148,511,368
97$185,382,524$50,176,264$33,633,243$162,902,729
98$204,194,275$52,537,634$34,662,691$178,732,187
99$224,921,761$55,011,648$35,723,561$196,145,193
100$247,760,290$57,603,729$36,816,810$215,301,980