Can I retire at age 72 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,264,129
2 years$658,180$645,922$634,042$622,523$611,351$591,544
3 years$434,428$422,117$410,267$398,857$387,866$368,576
4 years$322,574$310,301$298,569$287,354$276,629$258,004
5 years$255,479$243,280$231,702$220,715$210,289$192,383
6 years$210,764$198,656$187,250$176,508$166,395$149,228
7 years$178,837$166,831$155,605$145,117$135,323$118,902
8 years$154,902$143,005$131,966$121,735$112,264$96,585
9 years$136,297$124,512$113,662$103,691$94,542$79,599
10 years$121,421$109,751$99,093$89,383$80,555$66,334
11 years$109,257$97,705$87,240$77,790$69,280$55,768
12 years$99,129$87,694$77,423$68,232$60,036$47,216
13 years$90,565$79,250$69,173$60,239$52,353$40,206
14 years$83,231$72,036$62,152$53,473$45,892$34,399
15 years$76,880$65,806$56,115$47,689$40,407$29,547
16 years$71,329$60,376$50,876$42,700$35,712$25,464
17 years$66,436$55,604$46,295$38,366$31,665$22,006
18 years$62,092$51,381$42,262$34,575$28,155$19,062
19 years$58,209$47,619$38,689$31,242$25,095$16,546
20 years$54,719$44,250$35,506$28,295$22,415$14,387
21 years$51,565$41,217$32,659$25,680$20,059$12,528
22 years$48,702$38,475$30,100$23,349$17,980$10,923
23 years$46,092$35,985$27,792$21,264$16,140$9,534
24 years$43,703$33,715$25,703$19,394$14,507$8,330
25 years$41,508$31,640$23,806$17,712$13,054$7,284
26 years$39,486$29,737$22,079$16,195$11,759$6,374
27 years$37,616$27,986$20,502$14,824$10,601$5,582
28 years$35,883$26,371$19,060$13,582$9,566$4,890
29 years$34,273$24,878$17,737$12,455$8,638$4,286
30 years$32,773$23,494$16,521$11,430$7,805$3,759
31 years$31,372$22,210$15,402$10,498$7,056$3,297
32 years$30,061$21,015$14,370$9,648$6,383$2,893
33 years$28,833$19,902$13,418$8,872$5,777$2,539
34 years$27,679$18,862$12,537$8,163$5,230$2,230
35 years$26,593$17,891$11,721$7,514$4,737$1,958
36 years$25,571$16,981$10,965$6,921$4,292$1,720
37 years$24,605$16,128$10,263$6,376$3,890$1,511
38 years$23,693$15,327$9,611$5,877$3,527$1,327
39 years$22,829$14,575$9,004$5,419$3,198$1,166
40 years$22,011$13,867$8,440$4,998$2,901$1,025
41 years$21,235$13,200$7,914$4,612$2,632$901
42 years$20,498$12,571$7,423$4,256$2,388$792
43 years$19,797$11,978$6,966$3,929$2,167$696
44 years$19,129$11,417$6,539$3,628$1,967$612
45 years$18,493$10,887$6,139$3,350$1,786$538
46 years$17,887$10,386$5,766$3,095$1,621$473
47 years$17,308$9,911$5,417$2,859$1,472$416
48 years$16,754$9,462$5,091$2,642$1,337$366
49 years$16,225$9,035$4,785$2,442$1,214$321
50 years$15,719$8,631$4,499$2,257$1,103$283

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $16,100,000, adding $6,808 every year, while hoping to spend $55,386 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: 37/45/18 Blend
71$16,100,000$16,100,000$16,100,000$16,100,000
72$17,749,222$16,895,922$16,646,372$18,309,051
73$19,500,713$17,664,892$17,145,096$19,483,314
74$21,428,999$18,469,686$17,658,670$20,745,118
75$23,552,056$19,311,999$18,187,534$22,106,898
76$25,889,689$20,193,610$18,732,140$23,577,652
77$28,463,723$21,116,383$19,292,953$25,167,246
78$31,298,208$22,082,271$19,870,451$26,886,497
79$34,419,642$23,093,319$20,465,129$28,747,266
80$37,857,227$24,151,673$21,077,492$30,762,568
81$41,643,139$25,259,580$21,708,062$32,946,680
82$45,812,834$26,419,395$22,357,378$35,315,271
83$50,405,385$27,633,587$23,025,992$37,885,541
84$55,463,845$28,904,743$23,714,473$40,676,371
85$61,035,656$30,235,575$24,423,407$43,708,496
86$67,173,099$31,628,924$25,153,397$47,004,685
87$73,933,784$33,087,769$25,905,064$50,589,949
88$81,381,192$34,615,233$26,679,046$54,491,767
89$89,585,280$36,214,585$27,476,001$58,740,328
90$98,623,136$37,889,258$28,296,604$63,368,810
91$108,579,708$39,642,844$29,141,553$68,413,676
92$119,548,607$41,479,111$30,011,564$73,915,007
93$131,632,987$43,402,010$30,907,373$79,916,864
94$144,946,522$45,415,679$31,829,740$86,467,692
95$159,614,477$47,524,457$32,779,447$93,620,761
96$175,774,891$49,732,893$33,757,295$101,434,651
97$193,579,879$52,045,753$34,764,114$109,973,791
98$213,197,068$54,468,037$35,800,753$119,309,046
99$234,811,180$57,004,981$36,868,089$129,518,370
100$258,625,773$59,662,079$37,967,023$140,687,524