Can I retire at age 72 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,297,812
2 years$686,796$674,005$661,609$649,590$637,931$596,147
3 years$453,316$440,470$428,105$416,198$404,730$364,315
4 years$336,599$323,792$311,551$299,847$288,657$249,922
5 years$266,587$253,857$241,776$230,312$219,432$182,482
6 years$219,927$207,293$195,391$184,182$173,629$138,495
7 years$186,612$174,085$162,371$151,426$141,207$107,886
8 years$161,637$149,223$137,703$127,028$117,145$85,615
9 years$142,223$129,925$118,604$108,199$98,653$68,880
10 years$126,700$114,523$103,402$93,269$84,057$55,996
11 years$114,008$101,953$91,033$81,172$72,292$45,893
12 years$103,439$91,507$80,790$71,199$62,647$37,854
13 years$94,503$82,696$72,180$62,858$54,629$31,384
14 years$86,849$75,168$64,854$55,798$47,888$26,128
15 years$80,223$68,668$58,555$49,762$42,164$21,825
16 years$74,430$63,001$53,088$44,557$37,265$18,282
17 years$69,325$58,022$48,308$40,034$33,041$15,349
18 years$64,791$53,615$44,099$36,078$29,379$12,911
19 years$60,740$49,690$40,371$32,600$26,186$10,877
20 years$57,098$46,174$37,050$29,526$23,390$9,176
21 years$53,807$43,009$34,079$26,796$20,931$7,750
22 years$50,820$40,148$31,409$24,364$18,762$6,551
23 years$48,096$37,549$29,001$22,189$16,842$5,542
24 years$45,603$35,181$26,821$20,237$15,138$4,692
25 years$43,313$33,016$24,841$18,482$13,622$3,974
26 years$41,203$31,029$23,039$16,899$12,270$3,368
27 years$39,252$29,202$21,394$15,468$11,062$2,855
28 years$37,444$27,517$19,888$14,172$9,982$2,421
29 years$35,763$25,959$18,508$12,996$9,013$2,054
30 years$34,198$24,516$17,239$11,927$8,144$1,743
31 years$32,736$23,176$16,072$10,954$7,363$1,479
32 years$31,368$21,929$14,995$10,067$6,660$1,255
33 years$30,086$20,767$14,001$9,258$6,028$1,066
34 years$28,882$19,682$13,082$8,518$5,457$905
35 years$27,750$18,668$12,231$7,841$4,943$768
36 years$26,682$17,719$11,441$7,221$4,479$652
37 years$25,675$16,829$10,709$6,654$4,059$554
38 years$24,723$15,994$10,028$6,133$3,680$471
39 years$23,822$15,208$9,396$5,655$3,337$400
40 years$22,968$14,469$8,807$5,216$3,027$339
41 years$22,158$13,774$8,258$4,812$2,746$288
42 years$21,389$13,117$7,746$4,441$2,492$245
43 years$20,657$12,498$7,269$4,100$2,261$208
44 years$19,961$11,913$6,823$3,785$2,053$177
45 years$19,297$11,361$6,406$3,496$1,863$150
46 years$18,664$10,838$6,017$3,229$1,692$128
47 years$18,060$10,342$5,653$2,983$1,536$108
48 years$17,483$9,873$5,312$2,757$1,395$92
49 years$16,931$9,428$4,993$2,548$1,267$78
50 years$16,403$9,006$4,694$2,355$1,151$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $16,800,000, adding $5,610 every year, while hoping to spend $44,122 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: 67/6/27 Blend
71$16,800,000$16,800,000$16,800,000$16,800,000
72$18,519,387$17,628,987$17,368,587$19,629,325
73$20,361,419$18,445,862$17,903,489$21,194,282
74$22,389,859$19,301,285$18,454,832$22,899,770
75$24,623,675$20,197,098$19,023,119$24,764,168
76$27,083,767$21,135,233$19,608,870$26,803,176
77$29,793,165$22,117,713$20,212,621$29,034,074
78$32,777,248$23,146,661$20,834,924$31,475,889
79$36,063,980$24,224,300$21,476,347$34,149,566
80$39,684,178$25,352,963$22,137,477$37,078,169
81$43,671,799$26,535,093$22,818,917$40,287,092
82$48,064,262$27,773,251$23,521,290$43,804,299
83$52,902,801$29,070,125$24,245,237$47,660,582
84$58,232,854$30,428,529$24,991,420$51,889,852
85$64,104,493$31,851,415$25,760,521$56,529,455
86$70,572,894$33,341,877$26,553,241$61,620,521
87$77,698,858$34,903,158$27,370,304$67,208,347
88$85,549,388$36,538,659$28,212,455$73,342,828
89$94,198,318$38,251,945$29,080,464$80,078,915
90$103,727,009$40,046,753$29,975,122$87,477,139
91$114,225,121$41,927,001$30,897,246$95,604,173
92$125,791,456$43,896,797$31,847,677$104,533,461
93$138,534,892$45,960,447$32,827,281$114,345,903
94$152,575,408$48,122,467$33,836,953$125,130,620
95$168,045,221$50,387,589$34,877,612$136,985,787
96$185,090,029$52,760,776$35,950,207$150,019,557
97$203,870,390$55,247,232$37,055,717$164,351,075
98$224,563,235$57,852,411$38,195,148$180,111,602
99$247,363,538$60,582,033$39,369,539$197,445,747
100$272,486,161$63,442,094$40,579,961$216,512,824