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%17.1%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,324,175
2 years$699,060$686,041$673,423$661,189$649,323$609,938
3 years$461,411$448,335$435,749$423,630$411,957$373,824
4 years$342,609$329,574$317,114$305,202$293,811$257,223
5 years$271,347$258,390$246,093$234,424$223,351$188,407
6 years$223,855$210,995$198,880$187,471$176,730$143,463
7 years$189,945$177,193$165,270$154,130$143,729$112,138
8 years$164,524$151,887$140,162$129,296$119,237$89,304
9 years$144,762$132,245$120,722$110,132$100,415$72,110
10 years$128,962$116,568$105,248$94,934$85,558$58,843
11 years$116,044$103,773$92,659$82,621$73,583$48,413
12 years$105,286$93,141$82,232$72,470$63,765$40,092
13 years$96,190$84,173$73,469$63,980$55,605$33,374
14 years$88,400$76,511$66,012$56,794$48,743$27,900
15 years$81,655$69,894$59,600$50,651$42,917$23,405
16 years$75,759$64,126$54,036$45,352$37,930$19,690
17 years$70,563$59,058$49,171$40,749$33,631$16,604
18 years$65,948$54,572$44,887$36,723$29,904$14,029
19 years$61,824$50,577$41,092$33,182$26,654$11,873
20 years$58,117$46,998$37,712$30,053$23,808$10,062
21 years$54,768$43,777$34,688$27,275$21,305$8,537
22 years$51,727$40,864$31,970$24,799$19,097$7,251
23 years$48,955$38,220$29,519$22,585$17,143$6,163
24 years$46,417$35,809$27,300$20,599$15,408$5,242
25 years$44,086$33,605$25,285$18,812$13,865$4,462
26 years$41,938$31,584$23,451$17,201$12,489$3,799
27 years$39,953$29,724$21,776$15,744$11,260$3,236
28 years$38,112$28,009$20,244$14,425$10,160$2,758
29 years$36,402$26,423$18,838$13,228$9,174$2,351
30 years$34,808$24,954$17,547$12,140$8,290$2,005
31 years$33,320$23,589$16,359$11,150$7,495$1,710
32 years$31,928$22,320$15,263$10,247$6,779$1,459
33 years$30,624$21,138$14,251$9,423$6,135$1,244
34 years$29,398$20,034$13,315$8,670$5,555$1,062
35 years$28,245$19,002$12,449$7,981$5,031$906
36 years$27,159$18,035$11,646$7,350$4,559$773
37 years$26,133$17,130$10,900$6,772$4,132$660
38 years$25,164$16,279$10,208$6,242$3,746$563
39 years$24,247$15,480$9,563$5,756$3,397$481
40 years$23,378$14,728$8,964$5,309$3,081$411
41 years$22,554$14,020$8,405$4,898$2,795$351
42 years$21,771$13,352$7,884$4,520$2,536$299
43 years$21,026$12,722$7,398$4,173$2,302$256
44 years$20,317$12,126$6,945$3,853$2,089$218
45 years$19,642$11,564$6,521$3,558$1,897$186
46 years$18,998$11,031$6,125$3,287$1,722$159
47 years$18,383$10,527$5,754$3,037$1,564$136
48 years$17,795$10,049$5,407$2,806$1,420$116
49 years$17,233$9,597$5,082$2,593$1,290$99
50 years$16,696$9,167$4,778$2,397$1,172$85

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 $4,482 every year, while hoping to spend $42,492 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: 75/14/11 Blend
71$17,100,000$17,100,000$17,100,000$17,100,000
72$18,848,823$17,942,523$17,677,473$20,222,852
73$20,726,192$18,776,496$18,224,457$21,963,497
74$22,793,628$19,649,909$18,788,341$23,864,731
75$25,070,474$20,564,650$19,369,647$25,947,097
76$27,578,043$21,522,698$19,968,910$28,228,560
77$30,339,820$22,526,128$20,586,686$30,728,901
78$33,381,687$23,577,113$21,223,545$33,469,894
79$36,732,161$24,677,934$21,880,076$36,475,510
80$40,422,669$25,830,979$22,556,885$39,772,142
81$44,487,838$27,038,754$23,254,598$43,388,852
82$48,965,830$28,303,885$23,973,859$47,357,637
83$53,898,693$29,629,125$24,715,333$51,713,732
84$59,332,767$31,017,359$25,479,703$56,495,937
85$65,319,114$32,471,614$26,267,678$61,746,980
86$71,914,001$33,995,061$27,079,983$67,513,914
87$79,179,436$35,591,025$27,917,369$73,848,563
88$87,183,747$37,262,994$28,780,609$80,808,000
89$96,002,229$39,014,621$29,670,499$88,455,084
90$105,717,857$40,849,738$30,587,862$96,859,050
91$116,422,067$42,772,364$31,533,544$106,096,156
92$128,215,617$44,786,709$32,508,417$116,250,397
93$141,209,542$46,897,190$33,513,381$127,414,294
94$155,526,200$49,108,436$34,549,363$139,689,761
95$171,300,424$51,425,302$35,617,319$153,189,061
96$188,680,802$53,852,876$36,718,234$168,035,860
97$207,831,073$56,396,496$37,853,123$184,366,387
98$228,931,673$59,061,754$39,023,033$202,330,715
99$252,181,441$61,854,519$40,229,043$222,094,169
100$277,799,497$64,780,938$41,472,265$243,838,879