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%17.1%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,262,225
2 years$666,356$653,946$641,918$630,257$618,945$581,403
3 years$439,824$427,361$415,363$403,811$392,684$356,335
4 years$326,581$314,155$302,278$290,923$280,066$245,189
5 years$258,653$246,302$234,580$223,457$212,901$179,593
6 years$213,382$201,124$189,576$178,700$168,462$136,751
7 years$181,058$168,903$157,538$146,919$137,004$106,892
8 years$156,827$144,781$133,605$123,247$113,658$85,126
9 years$137,990$126,058$115,074$104,979$95,717$68,737
10 years$122,929$111,114$100,324$90,493$81,556$56,091
11 years$110,615$98,918$88,324$78,756$70,140$46,148
12 years$100,360$88,784$78,385$69,080$60,782$38,216
13 years$91,690$80,235$70,032$60,987$53,003$31,813
14 years$84,265$72,931$62,924$54,137$46,462$26,595
15 years$77,835$66,624$56,812$48,281$40,909$22,310
16 years$72,215$61,126$51,508$43,230$36,156$18,769
17 years$67,261$56,295$46,870$38,842$32,058$15,827
18 years$62,863$52,019$42,787$35,005$28,505$13,373
19 years$58,932$48,211$39,169$31,630$25,407$11,317
20 years$55,399$44,800$35,948$28,647$22,694$9,591
21 years$52,206$41,729$33,065$25,999$20,308$8,138
22 years$49,307$38,953$30,474$23,639$18,204$6,911
23 years$46,665$36,432$28,138$21,528$16,341$5,875
24 years$44,246$34,134$26,023$19,635$14,687$4,997
25 years$42,024$32,033$24,102$17,932$13,216$4,253
26 years$39,976$30,106$22,353$16,396$11,905$3,621
27 years$38,084$28,333$20,757$15,008$10,733$3,085
28 years$36,329$26,698$19,296$13,750$9,685$2,629
29 years$34,699$25,187$17,957$12,609$8,745$2,241
30 years$33,180$23,786$16,726$11,572$7,902$1,911
31 years$31,762$22,486$15,593$10,628$7,144$1,630
32 years$30,435$21,276$14,549$9,768$6,462$1,390
33 years$29,191$20,149$13,584$8,982$5,848$1,186
34 years$28,023$19,097$12,692$8,264$5,295$1,012
35 years$26,924$18,113$11,867$7,608$4,796$864
36 years$25,888$17,192$11,101$7,007$4,345$737
37 years$24,911$16,328$10,390$6,456$3,938$629
38 years$23,987$15,518$9,730$5,950$3,570$537
39 years$23,113$14,756$9,116$5,486$3,238$458
40 years$22,285$14,039$8,544$5,060$2,937$391
41 years$21,499$13,364$8,012$4,669$2,664$334
42 years$20,752$12,727$7,515$4,309$2,418$285
43 years$20,042$12,126$7,052$3,978$2,194$244
44 years$19,367$11,559$6,620$3,673$1,992$208
45 years$18,723$11,023$6,216$3,392$1,808$178
46 years$18,109$10,515$5,838$3,133$1,642$152
47 years$17,523$10,035$5,485$2,895$1,491$129
48 years$16,963$9,579$5,154$2,675$1,354$111
49 years$16,427$9,148$4,845$2,472$1,229$94
50 years$15,914$8,738$4,555$2,285$1,117$81

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 $2,963 every year, while hoping to spend $56,534 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: 43/47/10 Blend
71$16,300,000$16,300,000$16,300,000$16,300,000
72$17,965,656$17,101,756$16,849,106$18,686,025
73$19,738,002$17,879,591$17,353,400$19,965,923
74$21,689,231$18,693,644$17,872,692$21,345,687
75$23,837,532$19,545,632$18,407,426$22,839,139
76$26,202,943$20,437,351$18,958,058$24,456,706
77$28,807,547$21,370,684$19,525,056$26,209,830
78$31,675,675$22,347,606$20,108,904$28,111,065
79$34,834,139$23,370,185$20,710,098$30,174,185
80$38,312,485$24,440,587$21,329,150$32,414,314
81$42,143,268$25,561,085$21,966,586$34,848,052
82$46,362,362$26,734,059$22,622,947$37,493,629
83$51,009,299$27,962,004$23,298,792$40,371,065
84$56,127,640$29,247,535$23,994,694$43,502,350
85$61,765,387$30,593,391$24,711,244$46,911,643
86$67,975,434$32,002,446$25,449,048$50,625,487
87$74,816,071$33,477,708$26,208,734$54,673,053
88$82,351,527$35,022,333$26,990,944$59,086,397
89$90,652,583$36,639,627$27,796,341$63,900,760
90$99,797,235$38,333,057$28,625,606$69,154,880
91$109,871,431$40,106,255$29,479,442$74,891,347
92$120,969,883$41,963,028$30,358,570$81,156,995
93$133,196,962$43,907,367$31,263,732$88,003,325
94$146,667,680$45,943,456$32,195,695$95,486,977
95$161,508,776$48,075,678$33,155,244$103,670,254
96$177,859,916$50,308,631$34,143,189$112,621,685
97$195,875,005$52,647,132$35,160,364$122,416,663
98$215,723,645$55,096,230$36,207,626$133,138,133
99$237,592,732$57,661,221$37,285,856$144,877,360
100$261,688,222$60,347,652$38,395,963$157,734,768