Can I retire at age 72 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,276,677
2 years$666,356$653,946$641,918$630,257$618,945$595,743
3 years$439,824$427,361$415,363$403,811$392,684$370,110
4 years$326,581$314,155$302,278$290,923$280,066$258,294
5 years$258,653$246,302$234,580$223,457$212,901$191,995
6 years$213,382$201,124$189,576$178,700$168,462$148,444
7 years$181,058$168,903$157,538$146,919$137,004$117,880
8 years$156,827$144,781$133,605$123,247$113,658$95,424
9 years$137,990$126,058$115,074$104,979$95,717$78,361
10 years$122,929$111,114$100,324$90,493$81,556$65,064
11 years$110,615$98,918$88,324$78,756$70,140$54,494
12 years$100,360$88,784$78,385$69,080$60,782$45,960
13 years$91,690$80,235$70,032$60,987$53,003$38,982
14 years$84,265$72,931$62,924$54,137$46,462$33,218
15 years$77,835$66,624$56,812$48,281$40,909$28,415
16 years$72,215$61,126$51,508$43,230$36,156$24,385
17 years$67,261$56,295$46,870$38,842$32,058$20,984
18 years$62,863$52,019$42,787$35,005$28,505$18,098
19 years$58,932$48,211$39,169$31,630$25,407$15,640
20 years$55,399$44,800$35,948$28,647$22,694$13,538
21 years$52,206$41,729$33,065$25,999$20,308$11,736
22 years$49,307$38,953$30,474$23,639$18,204$10,185
23 years$46,665$36,432$28,138$21,528$16,341$8,849
24 years$44,246$34,134$26,023$19,635$14,687$7,696
25 years$42,024$32,033$24,102$17,932$13,216$6,697
26 years$39,976$30,106$22,353$16,396$11,905$5,833
27 years$38,084$28,333$20,757$15,008$10,733$5,083
28 years$36,329$26,698$19,296$13,750$9,685$4,431
29 years$34,699$25,187$17,957$12,609$8,745$3,865
30 years$33,180$23,786$16,726$11,572$7,902$3,373
31 years$31,762$22,486$15,593$10,628$7,144$2,944
32 years$30,435$21,276$14,549$9,768$6,462$2,570
33 years$29,191$20,149$13,584$8,982$5,848$2,245
34 years$28,023$19,097$12,692$8,264$5,295$1,961
35 years$26,924$18,113$11,867$7,608$4,796$1,713
36 years$25,888$17,192$11,101$7,007$4,345$1,497
37 years$24,911$16,328$10,390$6,456$3,938$1,309
38 years$23,987$15,518$9,730$5,950$3,570$1,144
39 years$23,113$14,756$9,116$5,486$3,238$1,000
40 years$22,285$14,039$8,544$5,060$2,937$874
41 years$21,499$13,364$8,012$4,669$2,664$764
42 years$20,752$12,727$7,515$4,309$2,418$668
43 years$20,042$12,126$7,052$3,978$2,194$585
44 years$19,367$11,559$6,620$3,673$1,992$511
45 years$18,723$11,023$6,216$3,392$1,808$447
46 years$18,109$10,515$5,838$3,133$1,642$391
47 years$17,523$10,035$5,485$2,895$1,491$342
48 years$16,963$9,579$5,154$2,675$1,354$299
49 years$16,427$9,148$4,845$2,472$1,229$262
50 years$15,914$8,738$4,555$2,285$1,117$229

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $16,300,000, adding $6,204 every year, while hoping to spend $59,453 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: 43/27/30 Blend
71$16,300,000$16,300,000$16,300,000$16,300,000
72$17,968,999$17,105,099$16,852,449$18,584,140
73$19,738,580$17,879,992$17,353,749$19,802,250
74$21,686,665$18,690,861$17,869,849$21,115,183
75$23,831,399$19,539,408$18,401,184$22,536,699
76$26,192,776$20,427,413$18,948,198$24,076,915
77$28,792,827$21,356,744$19,511,350$25,746,942
78$31,655,827$22,329,356$20,091,112$27,558,982
79$34,808,526$23,347,299$20,687,969$29,526,444
80$38,280,400$24,412,722$21,302,420$31,664,058
81$42,103,930$25,527,874$21,934,980$33,988,012
82$46,314,906$26,695,115$22,586,177$36,516,098
83$50,952,767$27,916,916$23,256,555$39,267,873
84$56,060,973$29,195,869$23,946,674$42,264,839
85$61,687,414$30,534,688$24,657,108$45,530,636
86$67,884,860$31,936,218$25,388,452$49,091,260
87$74,711,464$33,403,440$26,141,313$52,975,301
88$82,231,305$34,939,481$26,916,318$57,214,203
89$90,514,997$36,547,614$27,714,114$61,842,554
90$99,640,353$38,231,273$28,535,363$66,898,406
91$109,693,119$39,994,056$29,380,748$72,423,621
92$120,767,784$41,839,732$30,250,970$78,464,259
93$132,968,474$43,772,255$31,146,754$85,071,005
94$146,409,929$45,795,766$32,068,841$92,299,634
95$161,218,591$47,914,607$33,017,995$100,211,528
96$177,533,793$50,133,329$33,995,005$108,874,245
97$195,509,080$52,456,702$35,000,677$118,362,145
98$215,313,652$54,889,726$36,035,845$128,757,080
99$237,133,963$57,437,642$37,101,365$140,149,154
100$261,175,483$60,105,942$38,198,117$152,637,559