Can I retire at age 72 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,251,125
2 years$654,092$641,910$630,104$618,657$607,554$582,732
3 years$431,730$419,495$407,719$396,379$385,457$361,325
4 years$320,570$308,373$296,715$285,569$274,911$251,654
5 years$253,892$241,768$230,263$219,344$208,983$186,667
6 years$209,455$197,422$186,087$175,411$165,361$144,011
7 years$177,726$165,795$154,639$144,215$134,483$114,104
8 years$153,940$142,117$131,146$120,979$111,567$92,153
9 years$135,450$123,738$112,956$103,047$93,955$75,495
10 years$120,667$109,069$98,478$88,828$80,054$62,530
11 years$108,579$97,098$86,698$77,307$68,850$52,240
12 years$98,513$87,150$76,942$67,808$59,664$43,945
13 years$90,002$78,758$68,743$59,865$52,028$37,174
14 years$82,714$71,589$61,766$53,141$45,607$31,592
15 years$76,403$65,398$55,766$47,392$40,156$26,950
16 years$70,886$60,001$50,560$42,435$35,490$23,063
17 years$66,023$55,259$46,008$38,127$31,468$19,789
18 years$61,706$51,062$41,999$34,360$27,980$17,018
19 years$57,847$47,323$38,448$31,048$24,939$14,663
20 years$54,379$43,975$35,286$28,120$22,276$12,655
21 years$51,245$40,961$32,456$25,520$19,935$10,936
22 years$48,400$38,236$29,913$23,204$17,869$9,463
23 years$45,806$35,761$27,620$21,132$16,040$8,196
24 years$43,431$33,506$25,544$19,274$14,417$7,105
25 years$41,250$31,444$23,659$17,602$12,973$6,164
26 years$39,241$29,552$21,942$16,094$11,686$5,351
27 years$37,383$27,812$20,375$14,731$10,536$4,648
28 years$35,661$26,207$18,941$13,497$9,506$4,039
29 years$34,060$24,723$17,627$12,377$8,584$3,512
30 years$32,569$23,348$16,418$11,359$7,756$3,054
31 years$31,177$22,072$15,306$10,433$7,012$2,657
32 years$29,875$20,885$14,281$9,588$6,343$2,312
33 years$28,654$19,778$13,334$8,817$5,741$2,013
34 years$27,507$18,745$12,459$8,112$5,197$1,752
35 years$26,428$17,779$11,648$7,468$4,708$1,526
36 years$25,412$16,875$10,897$6,878$4,265$1,329
37 years$24,452$16,028$10,199$6,337$3,866$1,157
38 years$23,546$15,232$9,551$5,841$3,505$1,008
39 years$22,688$14,484$8,948$5,385$3,178$878
40 years$21,875$13,780$8,387$4,967$2,883$765
41 years$21,103$13,118$7,864$4,583$2,615$667
42 years$20,370$12,493$7,377$4,230$2,373$581
43 years$19,674$11,903$6,922$3,904$2,154$507
44 years$19,010$11,346$6,498$3,605$1,955$441
45 years$18,378$10,820$6,101$3,329$1,775$385
46 years$17,776$10,322$5,731$3,075$1,611$335
47 years$17,200$9,850$5,384$2,841$1,463$292
48 years$16,650$9,403$5,059$2,625$1,329$255
49 years$16,125$8,979$4,755$2,426$1,207$222
50 years$15,622$8,577$4,471$2,243$1,096$194

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $16,000,000, adding $2,644 every year, while hoping to spend $58,386 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: 67/16/17 Blend
71$16,000,000$16,000,000$16,000,000$16,000,000
72$17,634,727$16,786,727$16,538,727$18,743,457
73$19,371,347$17,547,155$17,030,652$20,245,042
74$21,283,146$18,342,886$17,537,100$21,879,295
75$23,387,929$19,175,590$18,058,495$23,664,873
76$25,705,318$20,047,014$18,595,275$25,616,634
77$28,256,933$20,958,991$19,147,890$27,750,927
78$31,066,597$21,913,438$19,716,801$30,085,746
79$34,160,563$22,912,369$20,302,487$32,640,894
80$37,567,755$23,957,891$20,905,435$35,438,169
81$41,320,050$25,052,211$21,526,151$38,501,565
82$45,452,571$26,197,645$22,165,153$41,857,495
83$50,004,023$27,396,619$22,822,975$45,535,037
84$55,017,054$28,651,674$23,500,165$49,566,204
85$60,538,661$29,965,474$24,197,289$53,986,243
86$66,620,634$31,340,812$24,914,927$58,833,961
87$73,320,039$32,780,612$25,653,677$64,152,090
88$80,699,762$34,287,941$26,414,155$69,987,685
89$88,829,102$35,866,014$27,196,993$76,392,561
90$97,784,420$37,518,198$28,002,842$83,423,780
91$107,649,865$39,248,024$28,832,371$91,144,182
92$118,518,165$41,059,192$29,686,270$99,622,975
93$130,491,505$42,955,579$30,565,247$108,936,381
94$143,682,486$44,941,250$31,470,031$119,168,349
95$158,215,195$47,020,466$32,401,371$130,411,344
96$174,226,368$49,197,692$33,360,041$142,767,209
97$191,866,687$51,477,609$34,346,832$156,348,125
98$211,302,200$53,865,123$35,362,561$171,277,658
99$232,715,886$56,365,375$36,408,069$187,691,919
100$256,309,385$58,983,757$37,484,218$205,740,845