Can I retire at age 72 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,360,596
2 years$707,237$694,065$681,300$668,923$656,917$637,879
3 years$466,808$453,579$440,846$428,585$416,775$398,221
4 years$346,617$333,429$320,823$308,772$297,248$279,320
5 years$274,521$261,412$248,972$237,166$225,963$208,714
6 years$226,473$213,463$201,206$189,664$178,797$162,246
7 years$192,166$179,266$167,203$155,933$145,410$129,564
8 years$166,448$153,664$141,802$130,808$120,631$105,489
9 years$146,455$133,792$122,134$111,420$101,589$87,143
10 years$130,471$117,931$106,479$96,045$86,559$72,798
11 years$117,401$104,987$93,742$83,588$74,444$61,355
12 years$106,517$94,231$83,194$73,318$64,511$52,080
13 years$97,315$85,157$74,328$64,729$56,255$44,464
14 years$89,434$77,405$66,784$57,459$49,313$38,144
15 years$82,611$70,711$60,297$51,243$43,419$32,854
16 years$76,646$64,876$54,668$45,883$38,374$28,392
17 years$71,388$59,749$49,746$41,225$34,025$24,606
18 years$66,719$55,210$45,412$37,152$30,253$21,376
19 years$62,547$51,168$41,572$33,570$26,965$18,609
20 years$58,797$47,548$38,153$30,404$24,086$16,229
21 years$55,409$44,289$35,093$27,594$21,554$14,174
22 years$52,332$41,342$32,344$25,089$19,320$12,397
23 years$49,527$38,667$29,864$22,849$17,343$10,854
24 years$46,960$36,228$27,619$20,840$15,588$9,513
25 years$44,602$33,998$25,581$19,032$14,027$8,345
26 years$42,429$31,953$23,725$17,402$12,635$7,326
27 years$40,420$30,071$22,031$15,928$11,392$6,435
28 years$38,558$28,336$20,480$14,594$10,279$5,656
29 years$36,827$26,732$19,059$13,383$9,282$4,974
30 years$35,215$25,246$17,752$12,282$8,386$4,376
31 years$33,710$23,865$16,550$11,280$7,582$3,851
32 years$32,302$22,581$15,442$10,367$6,859$3,391
33 years$30,982$21,385$14,418$9,533$6,207$2,986
34 years$29,742$20,268$13,471$8,771$5,620$2,630
35 years$28,576$19,224$12,595$8,074$5,090$2,318
36 years$27,476$18,246$11,782$7,436$4,612$2,043
37 years$26,439$17,330$11,028$6,852$4,180$1,800
38 years$25,459$16,470$10,327$6,315$3,789$1,587
39 years$24,531$15,661$9,675$5,823$3,436$1,399
40 years$23,652$14,900$9,069$5,371$3,117$1,234
41 years$22,818$14,184$8,503$4,955$2,828$1,088
42 years$22,025$13,508$7,977$4,573$2,566$960
43 years$21,272$12,870$7,485$4,222$2,329$847
44 years$20,555$12,268$7,026$3,898$2,114$747
45 years$19,872$11,699$6,597$3,600$1,919$659
46 years$19,220$11,160$6,196$3,325$1,742$581
47 years$18,598$10,650$5,821$3,072$1,582$513
48 years$18,003$10,167$5,470$2,839$1,437$453
49 years$17,435$9,709$5,142$2,624$1,305$399
50 years$16,891$9,274$4,834$2,425$1,185$352

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $17,300,000, adding $6,014 every year, while hoping to spend $24,692 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: 29/48/23 Blend
71$17,300,000$17,300,000$17,300,000$17,300,000
72$19,070,803$18,153,903$17,885,753$19,486,657
73$20,989,753$19,017,173$18,458,654$20,672,744
74$23,103,608$19,921,914$19,049,919$21,944,442
75$25,432,223$20,870,135$19,660,138$23,311,173
76$27,997,476$21,863,938$20,289,919$24,781,132
77$30,823,477$22,905,529$20,939,889$26,363,283
78$33,936,792$23,997,220$21,610,697$28,067,437
79$37,366,700$25,141,439$22,303,010$29,904,328
80$41,145,461$26,340,727$23,017,518$31,885,713
81$45,308,627$27,597,752$23,754,935$34,024,466
82$49,895,376$28,915,311$24,515,994$36,334,688
83$54,948,880$30,296,336$25,301,455$38,831,835
84$60,516,712$31,743,903$26,112,100$41,532,845
85$66,651,299$33,261,237$26,948,738$44,456,288
86$73,410,413$34,851,719$27,812,202$47,622,528
87$80,857,718$36,518,897$28,703,354$51,053,901
88$89,063,371$38,266,488$29,623,082$54,774,913
89$98,104,683$40,098,394$30,572,303$58,812,451
90$108,066,849$42,018,704$31,551,964$63,196,028
91$119,043,754$44,031,707$32,563,041$67,958,037
92$131,138,857$46,141,901$33,606,543$73,134,049
93$144,466,169$48,354,002$34,683,510$78,763,120
94$159,151,328$50,672,958$35,795,018$84,888,148
95$175,332,786$53,103,955$36,942,173$91,556,255
96$193,163,115$55,652,434$38,126,121$98,819,211
97$212,810,448$58,324,099$39,348,042$106,733,902
98$234,460,068$61,124,934$40,609,155$115,362,843
99$258,316,152$64,061,212$41,910,719$124,774,743
100$284,603,703$67,139,515$43,254,031$135,045,130