Can I retire at age 72 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,346,615
2 years$703,148$690,053$677,361$665,056$653,120$628,085
3 years$464,109$450,957$438,298$426,108$414,366$390,014
4 years$344,613$331,501$318,968$306,987$295,529$272,047
5 years$272,934$259,901$247,533$235,795$224,657$202,112
6 years$225,164$212,229$200,043$188,567$177,763$156,181
7 years$191,055$178,229$166,237$155,032$144,569$123,955
8 years$165,486$152,776$140,982$130,052$119,934$100,283
9 years$145,609$133,019$121,428$110,776$101,002$82,303
10 years$129,717$117,249$105,863$95,490$86,059$68,294
11 years$116,722$104,380$93,200$83,105$74,013$57,164
12 years$105,901$93,686$82,713$72,894$64,138$48,180
13 years$96,753$84,665$73,899$64,354$55,930$40,838
14 years$88,917$76,958$66,398$57,127$49,028$34,776
15 years$82,133$70,302$59,949$50,947$43,168$29,728
16 years$76,202$64,501$54,352$45,617$38,152$25,494
17 years$70,975$59,403$49,458$40,987$33,828$21,922
18 years$66,334$54,891$45,149$36,937$30,078$18,894
19 years$62,186$50,873$41,332$33,376$26,810$16,315
20 years$58,457$47,273$37,932$30,229$23,947$14,112
21 years$55,088$44,033$34,890$27,434$21,430$12,224
22 years$52,030$41,103$32,157$24,944$19,209$10,601
23 years$49,241$38,443$29,691$22,717$17,243$9,203
24 years$46,689$36,019$27,459$20,719$15,498$7,997
25 years$44,344$33,802$25,433$18,922$13,946$6,954
26 years$42,184$31,768$23,588$17,301$12,562$6,052
27 years$40,186$29,898$21,903$15,836$11,326$5,269
28 years$38,335$28,172$20,362$14,509$10,219$4,590
29 years$36,615$26,577$18,949$13,305$9,228$4,001
30 years$35,012$25,100$17,650$12,211$8,338$3,488
31 years$33,515$23,727$16,454$11,215$7,538$3,042
32 years$32,115$22,451$15,352$10,307$6,819$2,654
33 years$30,803$21,261$14,334$9,478$6,171$2,316
34 years$29,570$20,151$13,393$8,721$5,587$2,021
35 years$28,410$19,113$12,522$8,028$5,061$1,765
36 years$27,318$18,141$11,714$7,393$4,585$1,541
37 years$26,286$17,230$10,964$6,812$4,156$1,345
38 years$25,312$16,374$10,267$6,279$3,768$1,175
39 years$24,389$15,570$9,619$5,789$3,417$1,026
40 years$23,515$14,814$9,016$5,340$3,099$897
41 years$22,686$14,102$8,454$4,927$2,811$783
42 years$21,898$13,430$7,930$4,547$2,551$684
43 years$21,149$12,796$7,442$4,197$2,315$598
44 years$20,436$12,197$6,985$3,875$2,102$522
45 years$19,757$11,631$6,559$3,579$1,908$457
46 years$19,109$11,096$6,160$3,306$1,732$399
47 years$18,490$10,589$5,788$3,054$1,573$349
48 years$17,899$10,108$5,439$2,822$1,428$305
49 years$17,334$9,653$5,112$2,608$1,297$266
50 years$16,793$9,221$4,806$2,411$1,178$233

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $17,200,000, adding $4,549 every year, while hoping to spend $34,383 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: 45/40/15 Blend
71$17,200,000$17,200,000$17,200,000$17,200,000
72$18,959,092$18,047,492$17,780,892$19,730,694
73$20,856,336$18,895,236$18,339,969$21,116,832
74$22,945,947$19,783,367$18,916,622$22,615,207
75$25,247,509$20,713,828$19,511,405$24,239,263
76$27,782,605$21,688,655$20,124,886$26,000,646
77$30,575,016$22,709,984$20,757,655$27,912,136
78$33,650,947$23,780,053$21,410,317$29,987,762
79$37,039,279$24,901,211$22,083,497$32,242,928
80$40,771,832$26,075,917$22,777,841$34,694,546
81$44,883,673$27,306,751$23,494,013$37,361,192
82$49,413,446$28,596,420$24,232,700$40,263,271
83$54,403,732$29,947,759$24,994,610$43,423,198
84$59,901,456$31,363,742$25,780,473$46,865,605
85$65,958,326$32,847,488$26,591,041$50,617,559
86$72,631,326$34,402,265$27,427,091$54,708,811
87$79,983,247$36,031,501$28,289,424$59,172,061
88$88,083,284$37,738,792$29,178,867$64,043,260
89$97,007,691$39,527,904$30,096,270$69,361,935
90$106,840,495$41,402,790$31,042,514$75,171,549
91$117,674,291$43,367,594$32,018,505$81,519,901
92$129,611,122$45,426,658$33,025,178$88,459,560
93$142,763,431$47,584,540$34,063,496$96,048,350
94$157,255,134$49,846,015$35,134,456$104,349,876
95$173,222,780$52,216,092$36,239,082$113,434,117
96$190,816,846$54,700,023$37,378,434$123,378,060
97$210,203,155$57,303,314$38,553,602$134,266,418
98$231,564,441$60,031,741$39,765,713$146,192,407
99$255,102,077$62,891,359$41,015,926$159,258,607
100$281,037,970$65,888,518$42,305,442$173,577,913