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

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 $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%20%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,301,305
2 years$694,972$682,029$669,485$657,323$645,526$591,502
3 years$458,713$445,714$433,201$421,153$409,548$357,501
4 years$340,606$327,647$315,260$303,417$292,093$242,419
5 years$269,760$256,879$244,654$233,053$222,044$174,869
6 years$222,546$209,761$197,717$186,375$175,696$131,049
7 years$188,834$176,157$164,304$153,229$142,888$100,752
8 years$163,562$150,999$139,343$128,540$118,539$78,871
9 years$143,916$131,472$120,016$109,487$99,827$62,566
10 years$128,208$115,886$104,632$94,379$85,058$50,130
11 years$115,365$103,166$92,117$82,138$73,153$40,476
12 years$104,670$92,597$81,751$72,046$63,393$32,877
13 years$95,628$83,680$73,039$63,606$55,280$26,833
14 years$87,883$76,063$65,626$56,462$48,458$21,983
15 years$81,178$69,485$59,252$50,355$42,666$18,065
16 years$75,316$63,751$53,720$45,087$37,708$14,882
17 years$70,150$58,712$48,883$40,510$33,435$12,285
18 years$65,562$54,253$44,624$36,508$29,729$10,157
19 years$61,463$50,281$40,851$32,988$26,498$8,410
20 years$57,778$46,724$37,491$29,877$23,668$6,970
21 years$54,448$43,521$34,485$27,115$21,180$5,783
22 years$51,425$40,625$31,783$24,654$18,985$4,801
23 years$48,669$37,996$29,346$22,453$17,042$3,989
24 years$46,146$35,600$27,140$20,478$15,318$3,316
25 years$43,829$33,409$25,137$18,702$13,784$2,757
26 years$41,693$31,399$23,313$17,100$12,416$2,294
27 years$39,719$29,550$21,649$15,652$11,194$1,908
28 years$37,889$27,845$20,125$14,341$10,101$1,588
29 years$36,189$26,268$18,728$13,151$9,121$1,322
30 years$34,605$24,808$17,445$12,069$8,241$1,101
31 years$33,126$23,452$16,263$11,085$7,451$917
32 years$31,742$22,190$15,174$10,187$6,740$764
33 years$30,445$21,014$14,168$9,368$6,099$636
34 years$29,226$19,917$13,238$8,619$5,522$530
35 years$28,080$18,891$12,376$7,934$5,002$441
36 years$27,000$17,930$11,578$7,307$4,532$368
37 years$25,981$17,029$10,836$6,733$4,107$306
38 years$25,017$16,184$10,148$6,206$3,724$255
39 years$24,106$15,389$9,507$5,722$3,377$213
40 years$23,242$14,642$8,911$5,278$3,063$177
41 years$22,422$13,938$8,356$4,869$2,779$148
42 years$21,643$13,274$7,838$4,494$2,521$123
43 years$20,903$12,647$7,355$4,148$2,288$103
44 years$20,198$12,055$6,904$3,830$2,077$85
45 years$19,527$11,496$6,483$3,537$1,886$71
46 years$18,886$10,967$6,089$3,268$1,712$59
47 years$18,275$10,465$5,720$3,019$1,555$49
48 years$17,691$9,991$5,375$2,790$1,412$41
49 years$17,132$9,541$5,053$2,578$1,282$34
50 years$16,598$9,114$4,750$2,383$1,165$29

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 $5,742 every year, while hoping to spend $37,430 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: 69/23/8 Blend
71$17,000,000$17,000,000$17,000,000$17,000,000
72$18,739,923$17,838,923$17,575,423$20,006,096
73$20,611,570$18,673,205$18,124,374$21,679,791
74$22,672,870$19,547,112$18,690,461$23,504,920
75$24,943,129$20,462,547$19,274,218$25,500,421
76$27,443,620$21,421,503$19,876,196$27,682,996
77$30,197,784$22,426,072$20,496,963$30,071,020
78$33,231,452$23,478,444$21,137,106$32,684,713
79$36,573,090$24,580,917$21,797,228$35,546,324
80$40,254,064$25,735,900$22,477,954$38,680,335
81$44,308,938$26,945,919$23,179,925$42,113,693
82$48,775,802$28,213,621$23,903,805$45,876,051
83$53,696,627$29,541,782$24,650,276$50,000,052
84$59,117,666$30,933,313$25,420,043$54,521,624
85$65,089,886$32,391,264$26,213,833$59,480,320
86$71,669,453$33,918,834$27,032,395$64,919,680
87$78,918,258$35,519,378$27,876,501$70,887,639
88$86,904,505$37,196,411$28,746,948$77,436,971
89$95,703,351$38,953,622$29,644,557$84,625,783
90$105,397,619$40,794,876$30,570,176$92,518,053
91$116,078,577$42,724,226$31,524,678$101,184,232
92$127,846,800$44,745,921$32,508,963$110,701,893
93$140,813,121$46,864,418$33,523,960$121,156,465
94$155,099,673$49,084,389$34,570,627$132,642,021
95$170,841,048$51,410,732$35,649,951$145,262,166
96$188,185,561$53,848,584$36,762,951$159,130,999
97$207,296,654$56,403,331$37,910,676$174,374,186
98$228,354,438$59,080,619$39,094,209$191,130,131
99$251,557,393$61,886,371$40,314,666$209,551,274
100$277,124,238$64,826,795$41,573,199$229,805,520