Can I retire at age 72 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,353,284
2 years$699,060$686,041$673,423$661,189$649,323$638,944
3 years$461,411$448,335$435,749$423,630$411,957$401,815
4 years$342,609$329,574$317,114$305,202$293,811$283,985
5 years$271,347$258,390$246,093$234,424$223,351$213,868
6 years$223,855$210,995$198,880$187,471$176,730$167,604
7 years$189,945$177,193$165,270$154,130$143,729$134,963
8 years$164,524$151,887$140,162$129,296$119,237$110,832
9 years$144,762$132,245$120,722$110,132$100,415$92,367
10 years$128,962$116,568$105,248$94,934$85,558$77,865
11 years$116,044$103,773$92,659$82,621$73,583$66,238
12 years$105,286$93,141$82,232$72,470$63,765$56,762
13 years$96,190$84,173$73,469$63,980$55,605$48,935
14 years$88,400$76,511$66,012$56,794$48,743$42,399
15 years$81,655$69,894$59,600$50,651$42,917$36,890
16 years$75,759$64,126$54,036$45,352$37,930$32,211
17 years$70,563$59,058$49,171$40,749$33,631$28,211
18 years$65,948$54,572$44,887$36,723$29,904$24,771
19 years$61,824$50,577$41,092$33,182$26,654$21,800
20 years$58,117$46,998$37,712$30,053$23,808$19,222
21 years$54,768$43,777$34,688$27,275$21,305$16,977
22 years$51,727$40,864$31,970$24,799$19,097$15,017
23 years$48,955$38,220$29,519$22,585$17,143$13,300
24 years$46,417$35,809$27,300$20,599$15,408$11,793
25 years$44,086$33,605$25,285$18,812$13,865$10,466
26 years$41,938$31,584$23,451$17,201$12,489$9,297
27 years$39,953$29,724$21,776$15,744$11,260$8,265
28 years$38,112$28,009$20,244$14,425$10,160$7,353
29 years$36,402$26,423$18,838$13,228$9,174$6,545
30 years$34,808$24,954$17,547$12,140$8,290$5,829
31 years$33,320$23,589$16,359$11,150$7,495$5,194
32 years$31,928$22,320$15,263$10,247$6,779$4,630
33 years$30,624$21,138$14,251$9,423$6,135$4,128
34 years$29,398$20,034$13,315$8,670$5,555$3,683
35 years$28,245$19,002$12,449$7,981$5,031$3,286
36 years$27,159$18,035$11,646$7,350$4,559$2,933
37 years$26,133$17,130$10,900$6,772$4,132$2,618
38 years$25,164$16,279$10,208$6,242$3,746$2,338
39 years$24,247$15,480$9,563$5,756$3,397$2,088
40 years$23,378$14,728$8,964$5,309$3,081$1,865
41 years$22,554$14,020$8,405$4,898$2,795$1,666
42 years$21,771$13,352$7,884$4,520$2,536$1,488
43 years$21,026$12,722$7,398$4,173$2,302$1,330
44 years$20,317$12,126$6,945$3,853$2,089$1,189
45 years$19,642$11,564$6,521$3,558$1,897$1,062
46 years$18,998$11,031$6,125$3,287$1,722$950
47 years$18,383$10,527$5,754$3,037$1,564$849
48 years$17,795$10,049$5,407$2,806$1,420$759
49 years$17,233$9,597$5,082$2,593$1,290$678
50 years$16,696$9,167$4,778$2,397$1,172$606

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $17,100,000, adding $6,577 every year, while hoping to spend $57,247 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: 58/13/29 Blend
71$17,100,000$17,100,000$17,100,000$17,100,000
72$18,850,984$17,944,684$17,679,634$19,794,253
73$20,712,874$18,763,063$18,210,992$21,260,250
74$22,762,758$19,619,624$18,758,231$22,851,423
75$25,019,752$20,516,178$19,321,823$24,585,332
76$27,504,917$21,454,621$19,902,255$26,475,844
77$30,241,463$22,436,942$20,500,025$28,538,213
78$33,254,964$23,465,225$21,115,648$30,789,224
79$36,573,603$24,541,653$21,749,655$33,247,347
80$40,228,431$25,668,515$22,402,589$35,932,906
81$44,253,668$26,848,209$23,075,013$38,868,266
82$48,687,020$28,083,249$23,767,504$42,078,045
83$53,570,038$29,376,270$24,480,657$45,589,337
84$58,948,507$30,730,032$25,215,084$49,431,968
85$64,872,882$32,147,431$25,971,416$53,638,769
86$71,398,758$33,631,497$26,750,301$58,245,883
87$78,587,403$35,185,412$27,552,407$63,293,104
88$86,506,327$36,812,507$28,378,422$68,824,243
89$95,229,927$38,516,274$29,229,054$74,887,538
90$104,840,182$40,300,374$30,105,030$81,536,107
91$115,427,433$42,168,644$31,007,100$88,828,439
92$127,091,230$44,125,107$31,936,037$96,828,943
93$139,941,275$46,173,977$32,892,634$105,608,549
94$154,098,458$48,319,674$33,877,710$115,245,373
95$169,695,993$50,566,831$34,892,106$125,825,445
96$186,880,681$52,920,302$35,936,688$137,443,515
97$205,814,291$55,385,178$37,012,348$150,203,943
98$226,675,091$57,966,793$38,120,003$164,221,671
99$249,659,526$60,670,742$39,260,599$179,623,308
100$274,984,076$63,502,887$40,435,108$196,548,308