Can I retire at age 72 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,292,160
2 years$682,708$669,993$657,671$645,723$634,134$594,643
3 years$450,618$437,848$425,556$413,721$402,321$364,099
4 years$334,595$321,865$309,696$298,063$286,938$250,278
5 years$265,000$252,346$240,337$228,941$218,126$183,127
6 years$218,618$206,059$194,228$183,086$172,596$139,290
7 years$185,501$173,048$161,404$150,525$140,367$108,752
8 years$160,675$148,334$136,884$126,272$116,448$86,506
9 years$141,376$129,152$117,898$107,555$98,066$69,766
10 years$125,946$113,841$102,786$92,714$83,557$56,859
11 years$113,329$101,346$90,491$80,689$71,862$46,721
12 years$102,823$90,963$80,309$70,775$62,274$38,639
13 years$93,940$82,204$71,750$62,484$54,304$32,122
14 years$86,333$74,721$64,468$55,466$47,603$26,816
15 years$79,745$68,259$58,206$49,466$41,913$22,464
16 years$73,987$62,626$52,772$44,291$37,043$18,871
17 years$68,912$57,676$48,021$39,795$32,845$15,890
18 years$64,405$53,296$43,837$35,864$29,204$13,406
19 years$60,378$49,394$40,130$32,406$26,030$11,328
20 years$56,758$45,899$36,830$29,350$23,251$9,586
21 years$53,487$42,753$33,876$26,637$20,807$8,121
22 years$50,517$39,909$31,222$24,219$18,650$6,886
23 years$47,810$37,326$28,828$22,057$16,742$5,844
24 years$45,332$34,972$26,661$20,117$15,048$4,963
25 years$43,055$32,819$24,694$18,372$13,541$4,217
26 years$40,957$30,845$22,902$16,798$12,197$3,585
27 years$39,018$29,029$21,267$15,376$10,997$3,049
28 years$37,221$27,353$19,770$14,088$9,922$2,594
29 years$35,550$25,805$18,398$12,919$8,960$2,208
30 years$33,994$24,370$17,137$11,856$8,096$1,880
31 years$32,541$23,038$15,976$10,889$7,319$1,600
32 years$31,182$21,798$14,906$10,007$6,621$1,363
33 years$29,907$20,643$13,918$9,202$5,992$1,161
34 years$28,710$19,565$13,004$8,467$5,425$989
35 years$27,584$18,557$12,158$7,794$4,914$842
36 years$26,523$17,614$11,373$7,178$4,452$718
37 years$25,522$16,729$10,645$6,614$4,035$612
38 years$24,576$15,898$9,969$6,096$3,658$521
39 years$23,680$15,118$9,340$5,621$3,317$444
40 years$22,832$14,383$8,754$5,185$3,009$379
41 years$22,026$13,692$8,209$4,783$2,730$323
42 years$21,262$13,039$7,700$4,415$2,477$275
43 years$20,534$12,424$7,225$4,075$2,248$234
44 years$19,842$11,843$6,782$3,763$2,040$200
45 years$19,182$11,293$6,368$3,475$1,852$170
46 years$18,553$10,773$5,981$3,210$1,682$145
47 years$17,953$10,281$5,619$2,966$1,527$124
48 years$17,379$9,814$5,281$2,740$1,387$106
49 years$16,830$9,372$4,963$2,533$1,260$90
50 years$16,305$8,953$4,666$2,341$1,144$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $16,700,000, adding $5,539 every year, while hoping to spend $50,678 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: 62/30/8 Blend
71$16,700,000$16,700,000$16,700,000$16,700,000
72$18,409,113$17,524,013$17,265,163$19,519,673
73$20,232,922$18,328,769$17,789,625$21,067,199
74$22,241,061$19,171,259$18,329,958$22,749,183
75$24,452,277$20,053,279$18,886,640$24,583,714
76$26,887,231$20,976,711$19,460,164$26,585,540
77$29,568,685$21,943,527$20,051,037$28,770,878
78$32,521,726$22,955,795$20,659,781$31,157,559
79$35,773,993$24,015,679$21,286,934$33,765,197
80$39,355,945$25,125,453$21,933,052$36,615,362
81$43,301,146$26,287,494$22,598,704$39,731,781
82$47,646,580$27,504,300$23,284,478$43,140,560
83$52,433,004$28,778,483$23,990,980$46,870,416
84$57,705,327$30,112,785$24,718,835$50,952,949
85$63,513,037$31,510,078$25,468,683$55,422,927
86$69,910,670$32,973,375$26,241,186$60,318,614
87$76,958,319$34,505,831$27,037,027$65,682,119
88$84,722,207$36,110,756$27,856,906$71,559,787
89$93,275,306$37,791,617$28,701,547$78,002,626
90$102,698,032$39,552,051$29,571,693$85,066,787
91$113,078,998$41,395,868$30,468,112$92,814,075
92$124,515,854$43,327,064$31,391,592$101,312,533
93$137,116,208$45,349,827$32,342,947$110,637,067
94$150,998,639$47,468,547$33,323,014$120,870,147
95$166,293,821$49,687,826$34,332,655$132,102,574
96$183,145,751$52,012,490$35,372,759$144,434,324
97$201,713,111$54,447,595$36,444,241$157,975,485
98$222,170,767$56,998,446$37,548,041$172,847,277
99$244,711,416$59,670,600$38,685,131$189,183,188
100$269,547,406$62,469,885$39,856,509$207,130,222