Can I retire at age 72 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,338,015
2 years$690,884$678,017$665,547$653,456$641,728$632,034
3 years$456,014$443,092$430,653$418,676$407,139$397,664
4 years$338,602$325,719$313,405$301,632$290,375$281,193
5 years$268,174$255,368$243,215$231,683$220,738$211,876
6 years$221,236$208,527$196,554$185,278$174,663$166,132
7 years$187,723$175,121$163,337$152,328$142,048$133,852
8 years$162,599$150,111$138,523$127,784$117,842$109,981
9 years$143,069$130,698$119,310$108,843$99,240$91,713
10 years$127,454$115,204$104,017$93,824$84,558$77,359
11 years$114,686$102,560$91,575$81,655$72,722$65,848
12 years$104,054$92,052$81,270$71,622$63,020$56,463
13 years$95,065$83,188$72,610$63,232$54,954$48,709
14 years$87,366$75,616$65,240$56,130$48,173$42,230
15 years$80,700$69,076$58,903$50,058$42,415$36,768
16 years$74,873$63,376$53,404$44,822$37,487$32,126
17 years$69,737$58,367$48,596$40,272$33,238$28,156
18 years$65,177$53,934$44,362$36,293$29,554$24,741
19 years$61,101$49,985$40,611$32,794$26,342$21,789
20 years$57,438$46,449$37,271$29,701$23,529$19,226
21 years$54,127$43,265$34,282$26,956$21,056$16,994
22 years$51,122$40,386$31,596$24,509$18,874$15,043
23 years$48,382$37,773$29,173$22,321$16,942$13,333
24 years$45,874$35,391$26,980$20,358$15,228$11,831
25 years$43,571$33,212$24,989$18,592$13,703$10,508
26 years$41,448$31,214$23,176$17,000$12,343$9,342
27 years$39,485$29,376$21,521$15,560$11,128$8,311
28 years$37,666$27,681$20,007$14,256$10,041$7,400
29 years$35,976$26,114$18,618$13,073$9,067$6,592
30 years$34,401$24,662$17,342$11,998$8,193$5,876
31 years$32,931$23,314$16,167$11,019$7,407$5,240
32 years$31,555$22,059$15,084$10,127$6,700$4,674
33 years$30,265$20,891$14,084$9,313$6,064$4,172
34 years$29,054$19,800$13,160$8,568$5,490$3,724
35 years$27,915$18,780$12,303$7,888$4,972$3,326
36 years$26,841$17,825$11,510$7,264$4,505$2,971
37 years$25,828$16,929$10,773$6,693$4,083$2,654
38 years$24,870$16,089$10,088$6,169$3,702$2,372
39 years$23,964$15,299$9,452$5,688$3,357$2,120
40 years$23,105$14,556$8,859$5,247$3,045$1,896
41 years$22,290$13,856$8,307$4,841$2,762$1,695
42 years$21,516$13,196$7,792$4,467$2,507$1,516
43 years$20,780$12,573$7,312$4,124$2,275$1,356
44 years$20,080$11,984$6,863$3,808$2,065$1,212
45 years$19,412$11,428$6,445$3,517$1,875$1,085
46 years$18,775$10,902$6,053$3,248$1,702$970
47 years$18,168$10,404$5,687$3,001$1,545$868
48 years$17,587$9,932$5,344$2,773$1,404$777
49 years$17,032$9,484$5,023$2,563$1,275$695
50 years$16,500$9,060$4,722$2,369$1,158$622

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $16,900,000, adding $4,640 every year, while hoping to spend $43,233 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: 33/43/24 Blend
71$16,900,000$16,900,000$16,900,000$16,900,000
72$18,628,586$17,732,886$17,470,936$19,106,435
73$20,482,702$18,555,798$18,010,213$20,288,844
74$22,524,489$19,417,584$18,566,107$21,558,061
75$24,773,044$20,320,102$19,139,128$22,925,095
76$27,249,410$21,265,302$19,729,804$24,398,610
77$29,976,774$22,255,227$20,338,677$25,988,093
78$32,980,690$23,292,017$20,966,307$27,703,942
79$36,289,313$24,377,918$21,613,271$29,557,553
80$39,933,670$25,515,284$22,280,163$31,561,416
81$43,947,951$26,706,579$22,967,595$33,729,231
82$48,369,831$27,954,391$23,676,199$36,076,022
83$53,240,828$29,261,431$24,406,626$38,618,270
84$58,606,691$30,630,539$25,159,546$41,374,062
85$64,517,834$32,064,696$25,935,651$44,363,246
86$71,029,811$33,567,024$26,735,653$47,607,611
87$78,203,841$35,140,797$27,560,287$51,131,079
88$86,107,385$36,789,449$28,410,309$54,959,919
89$94,814,784$38,516,577$29,286,500$59,122,983
90$104,407,957$40,325,955$30,189,663$63,651,962
91$114,977,179$42,221,537$31,120,627$68,581,676
92$126,621,930$44,207,471$32,080,246$73,950,384
93$139,451,833$46,288,103$33,069,401$79,800,131
94$153,587,691$48,467,991$34,088,997$86,177,130
95$169,162,628$50,751,916$35,139,971$93,132,179
96$186,323,342$53,144,885$36,223,286$100,721,126
97$205,231,492$55,652,153$37,339,935$109,005,377
98$226,065,223$58,279,228$38,490,941$118,052,453
99$249,020,848$61,031,882$39,677,360$127,936,612
100$274,314,701$63,916,171$40,900,279$138,739,527