Can I retire at age 72 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,331,503
2 years$694,972$682,029$669,485$657,323$645,526$621,327
3 years$458,713$445,714$433,201$421,153$409,548$386,005
4 years$340,606$327,647$315,260$303,417$292,093$269,387
5 years$269,760$256,879$244,654$233,053$222,044$200,240
6 years$222,546$209,761$197,717$186,375$175,696$154,819
7 years$188,834$176,157$164,304$153,229$142,888$122,943
8 years$163,562$150,999$139,343$128,540$118,539$99,522
9 years$143,916$131,472$120,016$109,487$99,827$81,726
10 years$128,208$115,886$104,632$94,379$85,058$67,858
11 years$115,365$103,166$92,117$82,138$73,153$56,834
12 years$104,670$92,597$81,751$72,046$63,393$47,934
13 years$95,628$83,680$73,039$63,606$55,280$40,656
14 years$87,883$76,063$65,626$56,462$48,458$34,644
15 years$81,178$69,485$59,252$50,355$42,666$29,635
16 years$75,316$63,751$53,720$45,087$37,708$25,432
17 years$70,150$58,712$48,883$40,510$33,435$21,885
18 years$65,562$54,253$44,624$36,508$29,729$18,875
19 years$61,463$50,281$40,851$32,988$26,498$16,312
20 years$57,778$46,724$37,491$29,877$23,668$14,120
21 years$54,448$43,521$34,485$27,115$21,180$12,240
22 years$51,425$40,625$31,783$24,654$18,985$10,623
23 years$48,669$37,996$29,346$22,453$17,042$9,229
24 years$46,146$35,600$27,140$20,478$15,318$8,026
25 years$43,829$33,409$25,137$18,702$13,784$6,985
26 years$41,693$31,399$23,313$17,100$12,416$6,083
27 years$39,719$29,550$21,649$15,652$11,194$5,301
28 years$37,889$27,845$20,125$14,341$10,101$4,622
29 years$36,189$26,268$18,728$13,151$9,121$4,031
30 years$34,605$24,808$17,445$12,069$8,241$3,518
31 years$33,126$23,452$16,263$11,085$7,451$3,070
32 years$31,742$22,190$15,174$10,187$6,740$2,681
33 years$30,445$21,014$14,168$9,368$6,099$2,341
34 years$29,226$19,917$13,238$8,619$5,522$2,045
35 years$28,080$18,891$12,376$7,934$5,002$1,787
36 years$27,000$17,930$11,578$7,307$4,532$1,562
37 years$25,981$17,029$10,836$6,733$4,107$1,365
38 years$25,017$16,184$10,148$6,206$3,724$1,193
39 years$24,106$15,389$9,507$5,722$3,377$1,043
40 years$23,242$14,642$8,911$5,278$3,063$912
41 years$22,422$13,938$8,356$4,869$2,779$797
42 years$21,643$13,274$7,838$4,494$2,521$697
43 years$20,903$12,647$7,355$4,148$2,288$610
44 years$20,198$12,055$6,904$3,830$2,077$533
45 years$19,527$11,496$6,483$3,537$1,886$466
46 years$18,886$10,967$6,089$3,268$1,712$408
47 years$18,275$10,465$5,720$3,019$1,555$357
48 years$17,691$9,991$5,375$2,790$1,412$312
49 years$17,132$9,541$5,053$2,578$1,282$273
50 years$16,598$9,114$4,750$2,383$1,165$239

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $17,000,000, adding $2,819 every year, while hoping to spend $45,300 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: 43/48/9 Blend
71$17,000,000$17,000,000$17,000,000$17,000,000
72$18,736,908$17,835,908$17,572,408$19,493,700
73$20,599,874$18,661,668$18,112,885$20,846,142
74$22,651,344$19,526,373$18,669,949$22,305,570
75$24,910,497$20,431,882$19,244,109$23,885,550
76$27,398,469$21,380,146$19,835,888$25,597,129
77$30,138,548$22,373,208$20,445,826$27,452,420
78$33,156,397$23,413,211$21,074,477$29,464,715
79$36,480,292$24,502,402$21,722,415$31,648,598
80$40,141,397$25,643,134$22,390,231$34,020,076
81$44,174,047$26,837,876$23,078,532$36,596,720
82$48,616,083$28,089,214$23,787,945$39,397,819
83$53,509,198$29,399,861$24,519,116$42,444,559
84$58,899,341$30,772,659$25,272,712$45,760,205
85$64,837,144$32,210,589$26,049,417$49,370,314
86$71,378,399$33,716,774$26,849,939$53,302,963
87$78,584,590$35,294,491$27,675,006$57,589,004
88$86,523,469$36,947,171$28,525,369$62,262,341
89$95,269,695$38,678,416$29,401,802$67,360,235
90$104,905,544$40,491,997$30,305,102$72,923,649
91$115,521,676$42,391,872$31,236,090$78,997,611
92$127,218,000$44,382,187$32,195,612$85,631,632
93$140,104,613$46,467,291$33,184,542$92,880,152
94$154,302,837$48,651,742$34,203,777$100,803,040
95$169,946,368$50,940,319$35,254,245$109,466,141
96$187,182,535$53,338,032$36,336,900$118,941,883
97$206,173,693$55,850,135$37,452,726$129,309,933
98$227,098,753$58,482,134$38,602,735$140,657,940
99$250,154,872$61,239,805$39,787,973$153,082,332
100$275,559,315$64,129,202$41,009,516$166,689,212