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%13.4%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,336,450
2 years$694,972$682,029$669,485$657,323$645,526$626,265
3 years$458,713$445,714$433,201$421,153$409,548$390,780
4 years$340,606$327,647$315,260$303,417$292,093$273,962
5 years$269,760$256,879$244,654$233,053$222,044$204,603
6 years$222,546$209,761$197,717$186,375$175,696$158,965
7 years$188,834$176,157$164,304$153,229$142,888$126,873
8 years$163,562$150,999$139,343$128,540$118,539$103,238
9 years$143,916$131,472$120,016$109,487$99,827$85,233
10 years$128,208$115,886$104,632$94,379$85,058$71,159
11 years$115,365$103,166$92,117$82,138$73,153$59,937
12 years$104,670$92,597$81,751$72,046$63,393$50,843
13 years$95,628$83,680$73,039$63,606$55,280$43,380
14 years$87,883$76,063$65,626$56,462$48,458$37,190
15 years$81,178$69,485$59,252$50,355$42,666$32,010
16 years$75,316$63,751$53,720$45,087$37,708$27,643
17 years$70,150$58,712$48,883$40,510$33,435$23,940
18 years$65,562$54,253$44,624$36,508$29,729$20,783
19 years$61,463$50,281$40,851$32,988$26,498$18,079
20 years$57,778$46,724$37,491$29,877$23,668$15,755
21 years$54,448$43,521$34,485$27,115$21,180$13,750
22 years$51,425$40,625$31,783$24,654$18,985$12,016
23 years$48,669$37,996$29,346$22,453$17,042$10,513
24 years$46,146$35,600$27,140$20,478$15,318$9,207
25 years$43,829$33,409$25,137$18,702$13,784$8,070
26 years$41,693$31,399$23,313$17,100$12,416$7,079
27 years$39,719$29,550$21,649$15,652$11,194$6,213
28 years$37,889$27,845$20,125$14,341$10,101$5,457
29 years$36,189$26,268$18,728$13,151$9,121$4,795
30 years$34,605$24,808$17,445$12,069$8,241$4,215
31 years$33,126$23,452$16,263$11,085$7,451$3,706
32 years$31,742$22,190$15,174$10,187$6,740$3,260
33 years$30,445$21,014$14,168$9,368$6,099$2,869
34 years$29,226$19,917$13,238$8,619$5,522$2,525
35 years$28,080$18,891$12,376$7,934$5,002$2,223
36 years$27,000$17,930$11,578$7,307$4,532$1,958
37 years$25,981$17,029$10,836$6,733$4,107$1,724
38 years$25,017$16,184$10,148$6,206$3,724$1,519
39 years$24,106$15,389$9,507$5,722$3,377$1,338
40 years$23,242$14,642$8,911$5,278$3,063$1,179
41 years$22,422$13,938$8,356$4,869$2,779$1,039
42 years$21,643$13,274$7,838$4,494$2,521$915
43 years$20,903$12,647$7,355$4,148$2,288$807
44 years$20,198$12,055$6,904$3,830$2,077$711
45 years$19,527$11,496$6,483$3,537$1,886$627
46 years$18,886$10,967$6,089$3,268$1,712$552
47 years$18,275$10,465$5,720$3,019$1,555$487
48 years$17,691$9,991$5,375$2,790$1,412$429
49 years$17,132$9,541$5,053$2,578$1,282$378
50 years$16,598$9,114$4,750$2,383$1,165$334

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 $6,562 every year, while hoping to spend $50,475 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: 73/18/9 Blend
71$17,000,000$17,000,000$17,000,000$17,000,000
72$18,740,769$17,839,769$17,576,269$20,078,976
73$20,598,622$18,660,212$18,111,369$21,783,452
74$22,644,285$19,519,166$18,662,703$23,642,722
75$24,896,860$20,418,463$19,230,762$25,677,623
76$27,377,398$21,360,027$19,816,051$27,905,498
77$30,109,095$22,345,869$20,419,090$30,345,437
78$33,117,509$23,378,104$21,040,416$33,018,451
79$36,430,806$24,458,942$21,680,581$35,947,665
80$40,080,021$25,590,703$22,340,154$39,158,538
81$44,099,355$26,775,819$23,019,720$42,679,096
82$48,526,492$28,016,838$23,719,884$46,540,193
83$53,402,961$29,316,430$24,441,267$50,775,799
84$58,774,524$30,677,395$25,184,510$55,423,315
85$64,691,606$32,102,668$25,950,272$60,523,923
86$71,209,775$33,595,325$26,739,232$66,122,971
87$78,390,267$35,158,590$27,552,090$72,270,391
88$86,300,557$36,795,844$28,389,568$79,021,173
89$95,015,003$38,510,629$29,252,408$86,435,871
90$104,615,544$40,306,660$30,141,374$94,581,176
91$115,192,473$42,187,831$31,057,254$103,530,533
92$126,845,293$44,158,222$32,000,860$113,364,835
93$139,683,651$46,222,113$32,973,027$124,173,173
94$153,828,376$48,383,989$33,974,616$136,053,678
95$169,412,619$50,648,553$35,006,513$149,114,435
96$186,583,107$53,020,733$36,069,632$163,474,495
97$205,501,532$55,505,697$37,164,914$179,264,998
98$226,346,075$58,108,863$38,293,326$196,630,396
99$249,313,089$60,835,912$39,455,866$215,729,812
100$274,618,949$63,692,797$40,653,563$236,738,532