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

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,288,538
2 years$682,708$669,993$657,671$645,723$634,134$591,072
3 years$450,618$437,848$425,556$413,721$402,321$360,692
4 years$334,595$321,865$309,696$298,063$286,938$247,063
5 years$265,000$252,346$240,337$228,941$218,126$180,109
6 years$218,618$206,059$194,228$183,086$172,596$136,469
7 years$185,501$173,048$161,404$150,525$140,367$106,127
8 years$160,675$148,334$136,884$126,272$116,448$84,070
9 years$141,376$129,152$117,898$107,555$98,066$67,513
10 years$125,946$113,841$102,786$92,714$83,557$54,782
11 years$113,329$101,346$90,491$80,689$71,862$44,811
12 years$102,823$90,963$80,309$70,775$62,274$36,888
13 years$93,940$82,204$71,750$62,484$54,304$30,521
14 years$86,333$74,721$64,468$55,466$47,603$25,356
15 years$79,745$68,259$58,206$49,466$41,913$21,136
16 years$73,987$62,626$52,772$44,291$37,043$17,666
17 years$68,912$57,676$48,021$39,795$32,845$14,799
18 years$64,405$53,296$43,837$35,864$29,204$12,421
19 years$60,378$49,394$40,130$32,406$26,030$10,441
20 years$56,758$45,899$36,830$29,350$23,251$8,788
21 years$53,487$42,753$33,876$26,637$20,807$7,404
22 years$50,517$39,909$31,222$24,219$18,650$6,245
23 years$47,810$37,326$28,828$22,057$16,742$5,270
24 years$45,332$34,972$26,661$20,117$15,048$4,451
25 years$43,055$32,819$24,694$18,372$13,541$3,761
26 years$40,957$30,845$22,902$16,798$12,197$3,179
27 years$39,018$29,029$21,267$15,376$10,997$2,689
28 years$37,221$27,353$19,770$14,088$9,922$2,275
29 years$35,550$25,805$18,398$12,919$8,960$1,925
30 years$33,994$24,370$17,137$11,856$8,096$1,629
31 years$32,541$23,038$15,976$10,889$7,319$1,379
32 years$31,182$21,798$14,906$10,007$6,621$1,168
33 years$29,907$20,643$13,918$9,202$5,992$989
34 years$28,710$19,565$13,004$8,467$5,425$837
35 years$27,584$18,557$12,158$7,794$4,914$709
36 years$26,523$17,614$11,373$7,178$4,452$601
37 years$25,522$16,729$10,645$6,614$4,035$509
38 years$24,576$15,898$9,969$6,096$3,658$431
39 years$23,680$15,118$9,340$5,621$3,317$365
40 years$22,832$14,383$8,754$5,185$3,009$310
41 years$22,026$13,692$8,209$4,783$2,730$262
42 years$21,262$13,039$7,700$4,415$2,477$222
43 years$20,534$12,424$7,225$4,075$2,248$188
44 years$19,842$11,843$6,782$3,763$2,040$160
45 years$19,182$11,293$6,368$3,475$1,852$135
46 years$18,553$10,773$5,981$3,210$1,682$115
47 years$17,953$10,281$5,619$2,966$1,527$97
48 years$17,379$9,814$5,281$2,740$1,387$82
49 years$16,830$9,372$4,963$2,533$1,260$70
50 years$16,305$8,953$4,666$2,341$1,144$59

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 $6,522 every year, while hoping to spend $35,259 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: 41/46/13 Blend
71$16,700,000$16,700,000$16,700,000$16,700,000
72$18,410,127$17,525,027$17,266,177$19,093,926
73$20,250,445$18,346,238$17,807,079$20,397,398
74$22,277,294$19,206,507$18,364,919$21,803,312
75$24,509,661$20,107,710$18,940,228$23,324,187
76$26,968,474$21,051,814$19,533,552$24,970,498
77$29,676,788$22,040,883$20,145,456$26,753,735
78$32,660,012$23,077,078$20,776,521$28,686,500
79$35,946,145$24,162,667$21,427,346$30,782,617
80$39,566,040$25,300,026$22,098,551$33,057,257
81$43,553,697$26,491,648$22,790,772$35,527,069
82$47,946,579$27,740,144$23,504,669$38,210,330
83$52,785,974$29,048,255$24,240,919$41,127,107
84$58,117,375$30,418,851$25,000,222$44,299,436
85$63,990,917$31,854,945$25,783,299$47,751,517
86$70,461,846$33,359,692$26,590,895$51,509,935
87$77,591,042$34,936,404$27,423,777$55,603,898
88$85,445,590$36,588,550$28,282,736$60,065,498
89$94,099,421$38,319,770$29,168,588$64,930,002
90$103,634,002$40,133,879$30,082,176$70,236,175
91$114,139,108$42,034,876$31,024,366$76,026,625
92$125,713,669$44,026,958$31,996,055$82,348,195
93$138,466,706$46,114,521$32,998,165$89,252,390
94$152,518,354$48,302,177$34,031,648$96,795,842
95$168,001,005$50,594,762$35,097,486$105,040,833
96$185,060,547$52,997,346$36,196,692$114,055,863
97$203,857,752$55,515,244$37,330,310$123,916,276
98$224,569,784$58,154,032$38,499,416$134,704,953
99$247,391,876$60,919,555$39,705,122$146,513,075
100$272,539,176$63,817,941$40,948,572$159,440,961