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%18.3%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,256,168
2 years$666,356$653,946$641,918$630,257$618,945$575,432
3 years$439,824$427,361$415,363$403,811$392,684$350,641
4 years$326,581$314,155$302,278$290,923$280,066$239,814
5 years$258,653$246,302$234,580$223,457$212,901$174,549
6 years$213,382$201,124$189,576$178,700$168,462$132,039
7 years$181,058$168,903$157,538$146,919$137,004$102,505
8 years$156,827$144,781$133,605$123,247$113,658$81,058
9 years$137,990$126,058$115,074$104,979$95,717$64,975
10 years$122,929$111,114$100,324$90,493$81,556$52,623
11 years$110,615$98,918$88,324$78,756$70,140$42,961
12 years$100,360$88,784$78,385$69,080$60,782$35,295
13 years$91,690$80,235$70,032$60,987$53,003$29,143
14 years$84,265$72,931$62,924$54,137$46,462$24,161
15 years$77,835$66,624$56,812$48,281$40,909$20,097
16 years$72,215$61,126$51,508$43,230$36,156$16,761
17 years$67,261$56,295$46,870$38,842$32,058$14,010
18 years$62,863$52,019$42,787$35,005$28,505$11,733
19 years$58,932$48,211$39,169$31,630$25,407$9,840
20 years$55,399$44,800$35,948$28,647$22,694$8,263
21 years$52,206$41,729$33,065$25,999$20,308$6,946
22 years$49,307$38,953$30,474$23,639$18,204$5,844
23 years$46,665$36,432$28,138$21,528$16,341$4,921
24 years$44,246$34,134$26,023$19,635$14,687$4,146
25 years$42,024$32,033$24,102$17,932$13,216$3,495
26 years$39,976$30,106$22,353$16,396$11,905$2,947
27 years$38,084$28,333$20,757$15,008$10,733$2,486
28 years$36,329$26,698$19,296$13,750$9,685$2,098
29 years$34,699$25,187$17,957$12,609$8,745$1,771
30 years$33,180$23,786$16,726$11,572$7,902$1,495
31 years$31,762$22,486$15,593$10,628$7,144$1,263
32 years$30,435$21,276$14,549$9,768$6,462$1,067
33 years$29,191$20,149$13,584$8,982$5,848$901
34 years$28,023$19,097$12,692$8,264$5,295$761
35 years$26,924$18,113$11,867$7,608$4,796$643
36 years$25,888$17,192$11,101$7,007$4,345$543
37 years$24,911$16,328$10,390$6,456$3,938$459
38 years$23,987$15,518$9,730$5,950$3,570$388
39 years$23,113$14,756$9,116$5,486$3,238$328
40 years$22,285$14,039$8,544$5,060$2,937$277
41 years$21,499$13,364$8,012$4,669$2,664$234
42 years$20,752$12,727$7,515$4,309$2,418$198
43 years$20,042$12,126$7,052$3,978$2,194$167
44 years$19,367$11,559$6,620$3,673$1,992$141
45 years$18,723$11,023$6,216$3,392$1,808$120
46 years$18,109$10,515$5,838$3,133$1,642$101
47 years$17,523$10,035$5,485$2,895$1,491$85
48 years$16,963$9,579$5,154$2,675$1,354$72
49 years$16,427$9,148$4,845$2,472$1,229$61
50 years$15,914$8,738$4,555$2,285$1,117$52

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 $6,396 every year, while hoping to spend $27,630 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: 66/25/9 Blend
71$16,300,000$16,300,000$16,300,000$16,300,000
72$17,969,197$17,105,297$16,852,647$19,122,225
73$19,772,658$17,914,059$17,387,813$20,698,766
74$21,759,144$18,761,524$17,939,981$22,417,262
75$23,947,298$19,649,559$18,509,691$24,294,708
76$26,357,658$20,580,123$19,097,501$26,346,607
77$29,012,858$21,555,268$19,703,986$28,590,015
78$31,937,840$22,577,147$20,329,740$31,043,692
79$35,160,089$23,648,016$20,975,376$33,728,277
80$38,709,892$24,770,243$21,641,525$36,666,477
81$42,620,624$25,946,308$22,328,839$39,883,280
82$46,929,064$27,178,813$23,037,991$43,406,179
83$51,675,741$28,470,487$23,769,676$47,265,432
84$56,905,316$29,824,191$24,524,610$51,494,340
85$62,667,005$31,242,923$25,303,531$56,129,553
86$69,015,043$32,729,830$26,107,203$61,211,414
87$76,009,194$34,288,209$26,936,412$66,784,328
88$83,715,320$35,921,519$27,791,970$72,897,181
89$92,205,996$37,633,387$28,674,714$79,603,787
90$101,561,200$39,427,615$29,585,509$86,963,394
91$111,869,066$41,308,192$30,525,247$95,041,231
92$123,226,716$43,279,298$31,494,848$103,909,121
93$135,741,176$45,345,319$32,495,261$113,646,144
94$149,530,390$47,510,854$33,527,466$124,339,379
95$164,724,327$49,780,723$34,592,474$136,084,715
96$181,466,214$52,159,984$35,691,327$148,987,746
97$199,913,884$54,653,939$36,825,102$163,164,759
98$220,241,266$57,268,148$37,994,909$178,743,818
99$242,640,031$60,008,443$39,201,894$195,865,963
100$267,321,396$62,880,938$40,447,239$214,686,532