Can I retire at age 72 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,246,969
2 years$662,268$649,934$637,980$626,390$615,148$570,434
3 years$437,126$424,739$412,815$401,334$390,275$347,094
4 years$324,577$312,228$300,424$289,139$278,348$237,029
5 years$257,066$244,791$233,141$222,086$211,595$172,249
6 years$212,073$199,890$188,413$177,604$167,428$130,084
7 years$179,948$167,867$156,572$146,018$136,164$100,816
8 years$155,865$143,893$132,785$122,491$112,961$79,580
9 years$137,143$125,285$114,368$104,335$95,130$63,673
10 years$122,175$110,433$99,709$89,938$81,055$51,471
11 years$109,936$98,312$87,782$78,273$69,710$41,939
12 years$99,744$88,239$77,904$68,656$60,409$34,387
13 years$91,127$79,742$69,602$60,613$52,678$28,335
14 years$83,748$72,484$62,538$53,805$46,177$23,442
15 years$77,358$66,215$56,463$47,985$40,658$19,457
16 years$71,772$60,751$51,192$42,965$35,934$16,193
17 years$66,849$55,950$46,583$38,604$31,861$13,505
18 years$62,477$51,700$42,524$34,790$28,330$11,284
19 years$58,570$47,915$38,929$31,436$25,251$9,443
20 years$55,059$44,525$35,727$28,471$22,555$7,911
21 years$51,886$41,473$32,862$25,839$20,184$6,635
22 years$49,005$38,714$30,287$23,494$18,092$5,569
23 years$46,378$36,208$27,965$21,396$16,240$4,678
24 years$43,974$33,925$25,863$19,515$14,597$3,932
25 years$41,766$31,837$23,954$17,822$13,135$3,307
26 years$39,731$29,921$22,216$16,295$11,832$2,782
27 years$37,850$28,159$20,630$14,916$10,667$2,341
28 years$36,106$26,534$19,178$13,666$9,625$1,971
29 years$34,486$25,032$17,847$12,532$8,691$1,660
30 years$32,976$23,640$16,624$11,501$7,853$1,398
31 years$31,567$22,348$15,498$10,563$7,100$1,177
32 years$30,248$21,146$14,460$9,708$6,423$992
33 years$29,012$20,025$13,501$8,927$5,812$836
34 years$27,851$18,979$12,615$8,214$5,262$704
35 years$26,759$18,002$11,794$7,561$4,766$594
36 years$25,729$17,086$11,033$6,964$4,319$500
37 years$24,758$16,228$10,327$6,416$3,914$422
38 years$23,840$15,422$9,670$5,914$3,549$355
39 years$22,971$14,665$9,060$5,453$3,218$300
40 years$22,148$13,953$8,492$5,029$2,919$253
41 years$21,367$13,282$7,963$4,640$2,648$213
42 years$20,625$12,649$7,469$4,282$2,403$180
43 years$19,919$12,052$7,009$3,953$2,181$151
44 years$19,248$11,488$6,579$3,650$1,979$128
45 years$18,608$10,955$6,178$3,371$1,797$108
46 years$17,998$10,451$5,802$3,114$1,631$91
47 years$17,415$9,973$5,451$2,877$1,481$76
48 years$16,858$9,521$5,122$2,658$1,345$64
49 years$16,326$9,092$4,815$2,457$1,222$54
50 years$15,817$8,685$4,527$2,271$1,110$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $16,200,000, adding $2,095 every year, while hoping to spend $50,556 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: 63/21/16 Blend
71$16,200,000$16,200,000$16,200,000$16,200,000
72$17,854,561$16,995,961$16,744,861$18,908,505
73$19,621,935$17,774,972$17,252,023$20,395,466
74$21,567,887$18,590,460$17,774,480$22,012,635
75$23,710,578$19,444,159$18,312,691$23,777,420
76$26,070,020$20,337,887$18,867,130$25,704,192
77$28,668,267$21,273,547$19,438,283$27,808,761
78$31,529,616$22,253,137$20,026,652$30,108,521
79$34,680,844$23,278,748$20,632,752$32,622,607
80$38,151,456$24,352,573$21,257,115$35,372,075
81$41,973,966$25,476,910$21,900,290$38,380,095
82$46,184,200$26,654,168$22,562,839$41,672,162
83$50,821,637$27,886,871$23,245,343$45,276,340
84$55,929,783$29,177,667$23,948,401$49,223,513
85$61,556,577$30,529,328$24,672,628$53,547,677
86$67,754,845$31,944,762$25,418,658$58,286,252
87$74,582,800$33,427,017$26,187,145$63,480,434
88$82,104,591$34,979,286$26,978,760$69,175,573
89$90,390,907$36,604,919$27,794,195$75,421,597
90$99,519,644$38,307,424$28,634,165$82,273,479
91$109,576,641$40,090,482$29,499,404$89,791,745
92$120,656,491$41,957,948$30,390,666$98,043,041
93$132,863,431$43,913,865$31,308,731$107,100,756
94$146,312,328$45,962,472$32,254,401$117,045,702
95$161,129,763$48,108,210$33,228,501$127,966,876
96$177,455,224$50,355,738$34,231,880$139,962,285
97$195,442,424$52,709,936$35,265,416$153,139,867
98$215,260,751$55,175,923$36,330,007$167,618,497
99$237,096,869$57,759,064$37,426,583$183,529,104
100$261,156,476$60,464,984$38,556,100$201,015,894