Can I retire at age 72 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,224,103
2 years$633,651$621,850$610,413$599,324$588,568$576,591
3 years$418,238$406,386$394,978$383,993$373,411$361,719
4 years$310,552$298,737$287,443$276,645$266,320$255,001
5 years$245,958$234,213$223,067$212,490$202,452$191,541
6 years$202,909$191,253$180,271$169,930$160,194$149,703
7 years$172,172$160,614$149,806$139,709$130,280$120,215
8 years$149,130$137,676$127,048$117,198$108,080$98,439
9 years$131,217$119,871$109,426$99,827$91,019$81,800
10 years$116,896$105,661$95,400$86,052$77,553$68,749
11 years$105,186$94,064$83,989$74,891$66,698$58,304
12 years$95,434$84,426$74,538$65,689$57,799$49,805
13 years$87,190$76,297$66,595$57,994$50,402$42,800
14 years$80,129$69,352$59,836$51,480$44,182$36,961
15 years$74,015$63,354$54,024$45,911$38,901$32,051
16 years$68,671$58,126$48,980$41,109$34,381$27,890
17 years$63,960$53,532$44,570$36,936$30,485$24,342
18 years$59,778$49,466$40,687$33,287$27,106$21,298
19 years$56,040$45,845$37,247$30,077$24,160$18,676
20 years$52,680$42,601$34,183$27,241$21,580$16,408
21 years$49,644$39,681$31,442$24,723$19,312$14,438
22 years$46,887$37,041$28,979$22,479$17,310$12,723
23 years$44,374$34,644$26,757$20,472$15,539$11,226
24 years$42,074$32,459$24,745$18,671$13,966$9,915
25 years$39,961$30,461$22,919$17,052$12,568$8,766
26 years$38,014$28,628$21,256$15,591$11,320$7,756
27 years$36,214$26,943$19,738$14,271$10,206$6,868
28 years$34,546$25,388$18,349$13,075$9,209$6,086
29 years$32,996$23,951$17,076$11,990$8,316$5,395
30 years$31,551$22,619$15,905$11,004$7,514$4,785
31 years$30,203$21,382$14,828$10,106$6,793$4,246
32 years$28,941$20,232$13,835$9,288$6,145$3,770
33 years$27,758$19,160$12,918$8,541$5,561$3,348
34 years$26,647$18,159$12,070$7,859$5,035$2,974
35 years$25,602$17,224$11,284$7,234$4,560$2,642
36 years$24,618$16,348$10,556$6,663$4,132$2,348
37 years$23,688$15,527$9,880$6,139$3,745$2,088
38 years$22,810$14,756$9,252$5,658$3,395$1,856
39 years$21,979$14,031$8,669$5,217$3,079$1,651
40 years$21,191$13,350$8,125$4,812$2,793$1,468
41 years$20,444$12,708$7,619$4,440$2,534$1,306
42 years$19,734$12,102$7,147$4,097$2,299$1,162
43 years$19,059$11,531$6,706$3,782$2,086$1,034
44 years$18,416$10,992$6,295$3,492$1,894$920
45 years$17,804$10,482$5,911$3,225$1,719$818
46 years$17,220$9,999$5,551$2,979$1,561$728
47 years$16,663$9,542$5,216$2,752$1,417$648
48 years$16,130$9,109$4,901$2,543$1,287$577
49 years$15,621$8,699$4,607$2,351$1,169$514
50 years$15,133$8,309$4,331$2,173$1,062$457

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $15,500,000, adding $6,306 every year, while hoping to spend $45,476 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: 55/35/10 Blend
71$15,500,000$15,500,000$15,500,000$15,500,000
72$17,087,505$16,266,005$16,025,755$17,984,564
73$18,782,044$17,014,653$16,514,231$19,341,179
74$20,647,902$17,798,460$17,017,548$20,811,985
75$22,702,506$18,619,103$17,536,153$22,412,297
76$24,965,057$19,478,334$18,070,510$24,154,447
77$27,456,716$20,377,996$18,621,095$26,051,983
78$30,200,799$21,320,015$19,188,400$28,119,797
79$33,222,998$22,306,414$19,772,929$30,374,256
80$36,551,626$23,339,310$20,375,204$32,833,350
81$40,217,880$24,420,924$20,995,761$35,516,861
82$44,256,138$25,553,584$21,635,154$38,446,537
83$48,704,284$26,739,730$22,293,952$41,646,293
84$53,604,063$27,981,918$22,972,741$45,142,430
85$59,001,475$29,282,830$23,672,125$48,963,877
86$64,947,212$30,645,275$24,392,727$53,142,453
87$71,497,132$32,072,199$25,135,189$57,713,163
88$78,712,792$33,566,689$25,900,170$62,714,518
89$86,662,022$35,131,982$26,688,351$68,188,888
90$95,419,571$36,771,471$27,500,433$74,182,897
91$105,067,807$38,488,713$28,337,137$80,747,849
92$115,697,499$40,287,436$29,199,207$87,940,205
93$127,408,672$42,171,548$30,087,409$95,822,106
94$140,311,551$44,145,148$31,002,532$104,461,943
95$154,527,600$46,212,532$31,945,387$113,934,998
96$170,190,671$48,378,201$32,916,813$124,324,139
97$187,448,264$50,646,878$33,917,672$135,720,588
98$206,462,924$53,023,512$34,948,850$148,224,772
99$227,413,769$55,513,291$36,011,264$161,947,256
100$250,498,187$58,121,655$37,105,855$177,009,770