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%13.9%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,325,850
2 years$690,884$678,017$665,547$653,456$641,728$619,846
3 years$456,014$443,092$430,653$418,676$407,139$385,834
4 years$338,602$325,719$313,405$301,632$290,375$269,812
5 years$268,174$255,368$243,215$231,683$220,738$200,977
6 years$221,236$208,527$196,554$185,278$174,663$155,726
7 years$187,723$175,121$163,337$152,328$142,048$123,941
8 years$162,599$150,111$138,523$127,784$117,842$100,562
9 years$143,069$130,698$119,310$108,843$99,240$82,778
10 years$127,454$115,204$104,017$93,824$84,558$68,899
11 years$114,686$102,560$91,575$81,655$72,722$57,851
12 years$104,054$92,052$81,270$71,622$63,020$48,917
13 years$95,065$83,188$72,610$63,232$54,954$41,600
14 years$87,366$75,616$65,240$56,130$48,173$35,544
15 years$80,700$69,076$58,903$50,058$42,415$30,489
16 years$74,873$63,376$53,404$44,822$37,487$26,238
17 years$69,737$58,367$48,596$40,272$33,238$22,643
18 years$65,177$53,934$44,362$36,293$29,554$19,586
19 years$61,101$49,985$40,611$32,794$26,342$16,976
20 years$57,438$46,449$37,271$29,701$23,529$14,738
21 years$54,127$43,265$34,282$26,956$21,056$12,815
22 years$51,122$40,386$31,596$24,509$18,874$11,156
23 years$48,382$37,773$29,173$22,321$16,942$9,723
24 years$45,874$35,391$26,980$20,358$15,228$8,482
25 years$43,571$33,212$24,989$18,592$13,703$7,405
26 years$41,448$31,214$23,176$17,000$12,343$6,470
27 years$39,485$29,376$21,521$15,560$11,128$5,656
28 years$37,666$27,681$20,007$14,256$10,041$4,947
29 years$35,976$26,114$18,618$13,073$9,067$4,329
30 years$34,401$24,662$17,342$11,998$8,193$3,790
31 years$32,931$23,314$16,167$11,019$7,407$3,319
32 years$31,555$22,059$15,084$10,127$6,700$2,908
33 years$30,265$20,891$14,084$9,313$6,064$2,548
34 years$29,054$19,800$13,160$8,568$5,490$2,233
35 years$27,915$18,780$12,303$7,888$4,972$1,958
36 years$26,841$17,825$11,510$7,264$4,505$1,717
37 years$25,828$16,929$10,773$6,693$4,083$1,505
38 years$24,870$16,089$10,088$6,169$3,702$1,320
39 years$23,964$15,299$9,452$5,688$3,357$1,158
40 years$23,105$14,556$8,859$5,247$3,045$1,016
41 years$22,290$13,856$8,307$4,841$2,762$892
42 years$21,516$13,196$7,792$4,467$2,507$782
43 years$20,780$12,573$7,312$4,124$2,275$686
44 years$20,080$11,984$6,863$3,808$2,065$602
45 years$19,412$11,428$6,445$3,517$1,875$529
46 years$18,775$10,902$6,053$3,248$1,702$464
47 years$18,168$10,404$5,687$3,001$1,545$407
48 years$17,587$9,932$5,344$2,773$1,404$357
49 years$17,032$9,484$5,023$2,563$1,275$314
50 years$16,500$9,060$4,722$2,369$1,158$275

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 $4,406 every year, while hoping to spend $57,390 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: 87/6/7 Blend
71$16,900,000$16,900,000$16,900,000$16,900,000
72$18,628,345$17,732,645$17,470,695$20,239,322
73$20,467,373$18,540,482$17,994,901$22,097,410
74$22,492,060$19,385,979$18,534,744$24,131,009
75$24,721,280$20,270,922$19,090,688$26,364,356
76$27,175,833$21,197,181$19,663,209$28,817,545
77$29,878,641$22,166,715$20,252,799$31,512,710
78$32,854,957$23,181,579$20,859,963$34,474,229
79$36,132,611$24,243,925$21,485,220$37,728,957
80$39,742,270$25,356,010$22,129,107$41,306,475
81$43,717,723$26,520,196$22,792,174$45,239,369
82$48,096,208$27,738,963$23,474,989$49,563,537
83$52,918,755$29,014,906$24,178,135$54,318,522
84$58,230,580$30,350,748$24,902,214$59,547,888
85$64,081,505$31,749,340$25,647,844$65,299,628
86$70,526,433$33,213,673$26,415,661$71,626,614
87$77,625,866$34,746,879$27,206,322$78,587,095
88$85,446,471$36,352,243$28,020,501$86,245,245
89$94,061,715$38,033,207$28,858,892$94,671,766
90$103,552,555$39,793,379$29,722,210$103,944,553
91$114,008,202$41,636,541$30,611,190$114,149,428
92$125,526,963$43,566,656$31,526,590$125,380,947
93$138,217,171$45,587,880$32,469,188$137,743,291
94$152,198,203$47,704,567$33,439,787$151,351,244
95$167,601,611$49,921,282$34,439,211$166,331,278
96$184,572,361$52,242,811$35,468,310$182,822,740
97$203,270,203$54,674,169$36,527,959$200,979,167
98$223,871,175$57,220,615$37,619,058$220,969,733
99$246,569,270$59,887,660$38,742,531$242,980,839
100$271,578,262$62,681,082$39,899,333$267,217,872