Can I retire at age 72 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,226,389
2 years$637,739$625,862$614,351$603,190$592,365$574,690
3 years$420,936$409,008$397,526$386,470$375,821$358,598
4 years$312,556$300,664$289,297$278,430$268,038$251,400
5 years$247,545$235,724$224,506$213,861$203,758$187,753
6 years$204,218$192,487$181,434$171,026$161,227$145,874
7 years$173,283$161,650$150,773$140,610$131,121$116,425
8 years$150,092$138,564$127,867$117,954$108,777$94,736
9 years$132,064$120,645$110,132$100,471$91,606$78,214
10 years$117,650$106,342$96,016$86,607$78,053$65,299
11 years$105,864$94,670$84,531$75,374$67,128$55,001
12 years$96,050$84,971$75,019$66,113$58,172$46,656
13 years$87,752$76,789$67,024$58,368$50,727$39,808
14 years$80,646$69,799$60,222$51,813$44,467$34,127
15 years$74,493$63,763$54,372$46,208$39,152$29,373
16 years$69,114$58,501$49,296$41,374$34,603$25,367
17 years$64,373$53,877$44,858$37,174$30,681$21,969
18 years$60,163$49,785$40,949$33,501$27,280$19,071
19 years$56,401$46,140$37,487$30,271$24,316$16,590
20 years$53,019$42,876$34,404$27,417$21,719$14,457
21 years$49,964$39,937$31,645$24,882$19,436$12,618
22 years$47,190$37,280$29,166$22,624$17,422$11,027
23 years$44,661$34,867$26,929$20,604$15,639$9,647
24 years$42,346$32,668$24,905$18,792$14,057$8,449
25 years$40,219$30,657$23,067$17,162$12,649$7,405
26 years$38,260$28,813$21,394$15,692$11,394$6,496
27 years$36,448$27,116$19,866$14,363$10,272$5,702
28 years$34,769$25,552$18,468$13,160$9,269$5,007
29 years$33,209$24,105$17,186$12,068$8,369$4,400
30 years$31,755$22,765$16,008$11,075$7,562$3,868
31 years$30,398$21,520$14,924$10,172$6,837$3,401
32 years$29,128$20,362$13,924$9,348$6,185$2,992
33 years$27,937$19,284$13,001$8,596$5,597$2,633
34 years$26,819$18,277$12,147$7,909$5,068$2,317
35 years$25,768$17,335$11,357$7,281$4,590$2,040
36 years$24,776$16,453$10,624$6,706$4,159$1,796
37 years$23,841$15,627$9,944$6,178$3,769$1,582
38 years$22,957$14,851$9,312$5,695$3,417$1,393
39 years$22,120$14,122$8,725$5,251$3,099$1,228
40 years$21,328$13,436$8,177$4,843$2,811$1,082
41 years$20,576$12,790$7,668$4,468$2,550$953
42 years$19,861$12,181$7,193$4,124$2,314$840
43 years$19,182$11,606$6,749$3,807$2,100$740
44 years$18,535$11,063$6,335$3,515$1,906$652
45 years$17,919$10,549$5,949$3,246$1,730$575
46 years$17,331$10,063$5,587$2,998$1,571$507
47 years$16,770$9,604$5,249$2,770$1,427$447
48 years$16,234$9,168$4,933$2,560$1,296$394
49 years$15,722$8,755$4,636$2,366$1,177$347
50 years$15,231$8,363$4,359$2,187$1,069$306

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $15,600,000, adding $2,033 every year, while hoping to spend $56,389 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: 69/25/6 Blend
71$15,600,000$15,600,000$15,600,000$15,600,000
72$17,193,297$16,366,497$16,124,697$18,365,268
73$18,887,016$17,108,458$16,604,877$19,882,749
74$20,751,604$17,884,885$17,099,253$21,534,979
75$22,804,431$18,697,408$17,608,241$23,340,718
76$25,064,635$19,547,733$18,132,269$25,314,996
77$27,553,306$20,437,650$18,671,779$27,474,342
78$30,293,682$21,369,033$19,227,222$29,836,949
79$33,311,369$22,343,847$19,799,065$32,422,830
80$36,634,584$23,364,151$20,387,789$35,254,010
81$40,294,418$24,432,102$20,993,887$38,354,728
82$44,325,134$25,549,959$21,617,867$41,751,659
83$48,764,484$26,720,094$22,260,252$45,474,166
84$53,654,071$27,944,988$22,921,580$49,554,565
85$59,039,737$29,227,243$23,602,404$54,028,433
86$64,971,999$30,569,587$24,303,293$58,934,930
87$71,506,524$31,974,878$25,024,834$64,317,171
88$78,704,652$33,446,110$25,767,629$70,222,623
89$86,633,980$34,986,423$26,532,299$76,703,544
90$95,368,996$36,599,107$27,319,480$83,817,477
91$104,991,781$38,287,610$28,129,830$91,627,782
92$115,592,787$40,055,548$28,964,024$100,204,224
93$127,271,689$41,906,708$29,822,756$109,623,633
94$140,138,325$43,845,060$30,706,742$119,970,611
95$154,313,732$45,874,766$31,616,717$131,338,333
96$169,931,293$48,000,189$32,553,436$143,829,408
97$187,137,987$50,225,901$33,517,679$157,556,846
98$206,095,786$52,556,694$34,510,245$172,645,114
99$226,983,177$54,997,593$35,531,959$189,231,297
100$249,996,848$57,553,863$36,583,667$207,466,389