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

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,339,335
2 years$699,060$686,041$673,423$661,189$649,323$624,982
3 years$461,411$448,335$435,749$423,630$411,957$388,275
4 years$342,609$329,574$317,114$305,202$293,811$270,971
5 years$271,347$258,390$246,093$234,424$223,351$201,418
6 years$223,855$210,995$198,880$187,471$176,730$155,729
7 years$189,945$177,193$165,270$154,130$143,729$123,666
8 years$164,524$151,887$140,162$129,296$119,237$100,107
9 years$144,762$132,245$120,722$110,132$100,415$82,207
10 years$128,962$116,568$105,248$94,934$85,558$68,257
11 years$116,044$103,773$92,659$82,621$73,583$57,168
12 years$105,286$93,141$82,232$72,470$63,765$48,215
13 years$96,190$84,173$73,469$63,980$55,605$40,895
14 years$88,400$76,511$66,012$56,794$48,743$34,848
15 years$81,655$69,894$59,600$50,651$42,917$29,810
16 years$75,759$64,126$54,036$45,352$37,930$25,582
17 years$70,563$59,058$49,171$40,749$33,631$22,014
18 years$65,948$54,572$44,887$36,723$29,904$18,986
19 years$61,824$50,577$41,092$33,182$26,654$16,408
20 years$58,117$46,998$37,712$30,053$23,808$14,203
21 years$54,768$43,777$34,688$27,275$21,305$12,312
22 years$51,727$40,864$31,970$24,799$19,097$10,685
23 years$48,955$38,220$29,519$22,585$17,143$9,284
24 years$46,417$35,809$27,300$20,599$15,408$8,073
25 years$44,086$33,605$25,285$18,812$13,865$7,026
26 years$41,938$31,584$23,451$17,201$12,489$6,119
27 years$39,953$29,724$21,776$15,744$11,260$5,332
28 years$38,112$28,009$20,244$14,425$10,160$4,649
29 years$36,402$26,423$18,838$13,228$9,174$4,055
30 years$34,808$24,954$17,547$12,140$8,290$3,538
31 years$33,320$23,589$16,359$11,150$7,495$3,088
32 years$31,928$22,320$15,263$10,247$6,779$2,697
33 years$30,624$21,138$14,251$9,423$6,135$2,355
34 years$29,398$20,034$13,315$8,670$5,555$2,057
35 years$28,245$19,002$12,449$7,981$5,031$1,797
36 years$27,159$18,035$11,646$7,350$4,559$1,571
37 years$26,133$17,130$10,900$6,772$4,132$1,373
38 years$25,164$16,279$10,208$6,242$3,746$1,200
39 years$24,247$15,480$9,563$5,756$3,397$1,049
40 years$23,378$14,728$8,964$5,309$3,081$917
41 years$22,554$14,020$8,405$4,898$2,795$802
42 years$21,771$13,352$7,884$4,520$2,536$701
43 years$21,026$12,722$7,398$4,173$2,302$613
44 years$20,317$12,126$6,945$3,853$2,089$536
45 years$19,642$11,564$6,521$3,558$1,897$469
46 years$18,998$11,031$6,125$3,287$1,722$410
47 years$18,383$10,527$5,754$3,037$1,564$359
48 years$17,795$10,049$5,407$2,806$1,420$314
49 years$17,233$9,597$5,082$2,593$1,290$275
50 years$16,696$9,167$4,778$2,397$1,172$240

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 $3,931 every year, while hoping to spend $26,458 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: 65/17/18 Blend
71$17,100,000$17,100,000$17,100,000$17,100,000
72$18,848,255$17,941,955$17,676,905$19,988,701
73$20,742,626$18,792,960$18,240,930$21,604,922
74$22,829,336$19,684,777$18,822,963$23,367,017
75$25,127,975$20,619,378$19,423,580$25,292,007
76$27,660,133$21,598,832$20,043,374$27,395,834
77$30,449,597$22,625,305$20,682,958$29,696,038
78$33,522,583$23,701,072$21,342,964$32,211,921
79$36,907,977$24,828,516$22,024,044$34,964,721
80$40,637,614$26,010,136$22,726,873$37,977,812
81$44,746,572$27,248,554$23,452,144$41,276,917
82$49,273,508$28,546,518$24,200,576$44,890,349
83$54,261,018$29,906,910$24,972,908$48,849,273
84$59,756,046$31,332,753$25,769,904$53,187,994
85$65,810,319$32,827,214$26,592,352$57,944,278
86$72,480,841$34,393,617$27,441,066$63,159,699
87$79,830,429$36,035,446$28,316,884$68,880,033
88$87,928,306$37,756,357$29,220,673$75,155,674
89$96,850,755$39,560,180$30,153,327$82,042,116
90$106,681,837$41,450,934$31,115,769$89,600,458
91$117,514,187$43,432,832$32,108,949$97,897,985
92$129,449,887$45,510,294$33,133,852$107,008,789
93$142,601,430$47,687,953$34,191,491$117,014,462
94$157,092,781$49,970,668$35,282,911$128,004,864
95$173,060,550$52,363,535$36,409,193$140,078,956
96$190,655,276$54,871,899$37,571,452$153,345,731
97$210,042,855$57,501,363$38,770,836$167,925,233
98$231,406,100$60,257,803$40,008,533$183,949,681
99$254,946,471$63,147,384$41,285,767$201,564,707
100$280,885,973$66,176,568$42,603,803$220,930,721