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

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,210,833
2 years$625,475$613,826$602,537$591,591$580,973$571,687
3 years$412,841$401,142$389,881$379,038$368,593$359,519
4 years$306,545$294,882$283,734$273,075$262,884$254,092
5 years$242,784$231,191$220,189$209,748$199,840$191,356
6 years$200,291$188,785$177,945$167,737$158,127$149,961
7 years$169,950$158,541$147,873$137,906$128,599$120,756
8 years$147,205$135,899$125,408$115,686$106,686$99,165
9 years$129,524$118,325$108,014$98,539$89,845$82,645
10 years$115,387$104,297$94,169$84,941$76,552$69,668
11 years$103,829$92,850$82,905$73,924$65,837$59,265
12 years$94,203$83,337$73,576$64,842$57,053$50,787
13 years$86,065$75,312$65,735$57,245$49,752$43,784
14 years$79,095$68,457$59,064$50,816$43,612$37,936
15 years$73,060$62,537$53,326$45,319$38,399$33,007
16 years$67,785$57,376$48,348$40,578$33,937$28,820
17 years$63,135$52,841$43,995$36,459$30,091$25,241
18 years$59,006$48,828$40,162$32,857$26,756$22,164
19 years$55,316$45,253$36,766$29,689$23,848$19,505
20 years$52,000$42,051$33,742$26,889$21,302$17,199
21 years$49,003$39,169$31,036$24,404$19,062$15,190
22 years$46,282$36,563$28,605$22,189$17,087$13,436
23 years$43,802$34,197$26,411$20,208$15,338$11,900
24 years$41,531$32,040$24,426$18,431$13,786$10,551
25 years$39,446$30,068$22,623$16,832$12,405$9,365
26 years$37,524$28,259$20,982$15,390$11,174$8,319
27 years$35,747$26,595$19,484$14,087$10,075$7,395
28 years$34,100$25,060$18,113$12,907$9,091$6,579
29 years$32,570$23,642$16,855$11,836$8,209$5,856
30 years$31,144$22,327$15,700$10,862$7,417$5,215
31 years$29,813$21,106$14,637$9,976$6,706$4,647
32 years$28,568$19,971$13,656$9,168$6,066$4,142
33 years$27,400$18,913$12,751$8,431$5,489$3,694
34 years$26,304$17,925$11,914$7,757$4,970$3,295
35 years$25,272$17,002$11,139$7,141$4,502$2,940
36 years$24,300$16,137$10,420$6,577$4,079$2,624
37 years$23,383$15,326$9,753$6,060$3,697$2,343
38 years$22,516$14,566$9,133$5,585$3,351$2,092
39 years$21,695$13,850$8,557$5,150$3,039$1,868
40 years$20,918$13,178$8,020$4,750$2,757$1,669
41 years$20,180$12,544$7,520$4,382$2,501$1,491
42 years$19,479$11,946$7,054$4,044$2,269$1,332
43 years$18,813$11,382$6,620$3,734$2,059$1,190
44 years$18,179$10,850$6,214$3,447$1,869$1,064
45 years$17,574$10,346$5,834$3,184$1,697$951
46 years$16,998$9,870$5,480$2,941$1,541$850
47 years$16,448$9,419$5,148$2,717$1,399$759
48 years$15,922$8,992$4,838$2,511$1,271$679
49 years$15,419$8,587$4,547$2,320$1,154$607
50 years$14,938$8,202$4,275$2,145$1,048$543

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 $4,113 every year, while hoping to spend $26,975 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: 63/14/23 Blend
71$15,300,000$15,300,000$15,300,000$15,300,000
72$16,864,843$16,053,943$15,816,793$17,825,664
73$18,556,355$16,811,885$16,317,954$19,233,050
74$20,419,498$17,606,062$16,835,000$20,766,164
75$22,471,749$18,438,221$17,368,435$22,440,045
76$24,732,368$19,310,194$17,918,778$24,268,455
77$27,222,577$20,223,901$18,486,565$26,266,539
78$29,965,765$21,181,357$19,072,349$28,450,960
79$32,987,701$22,184,672$19,676,701$30,840,058
80$36,316,787$23,236,061$20,300,211$33,454,013
81$39,984,315$24,337,844$20,943,484$36,315,037
82$44,024,773$25,492,456$21,607,149$39,447,579
83$48,476,163$26,702,449$22,291,851$42,878,552
84$53,380,361$27,970,499$22,998,257$46,637,580
85$58,783,516$29,299,412$23,727,057$50,757,278
86$64,736,481$30,692,129$24,478,960$55,273,552
87$71,295,296$32,151,737$25,254,698$60,225,936
88$78,521,713$33,681,470$26,055,028$65,657,958
89$86,483,786$35,284,720$26,880,730$71,617,547
90$95,256,505$36,965,044$27,732,607$78,157,480
91$104,922,510$38,726,172$28,611,491$85,335,876
92$115,572,868$40,572,016$29,518,237$93,216,736
93$127,307,932$42,506,677$30,453,730$101,870,546
94$140,238,291$44,534,454$31,418,880$111,374,930
95$154,485,813$46,659,859$32,414,629$121,815,383
96$170,184,794$48,887,620$33,441,947$133,286,066
97$187,483,226$51,222,696$34,501,835$145,890,690
98$206,544,194$53,670,287$35,595,326$159,743,490
99$227,547,418$56,235,848$36,723,486$174,970,291
100$250,690,947$58,925,096$37,887,414$191,709,691