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

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,353,334
2 years$707,237$694,065$681,300$668,923$656,917$630,631
3 years$466,808$453,579$440,846$428,585$416,775$391,214
4 years$346,617$333,429$320,823$308,772$297,248$272,609
5 years$274,521$261,412$248,972$237,166$225,963$202,317
6 years$226,473$213,463$201,206$189,664$178,797$156,170
7 years$192,166$179,266$167,203$155,933$145,410$123,807
8 years$166,448$153,664$141,802$130,808$120,631$100,047
9 years$146,455$133,792$122,134$111,420$101,589$82,011
10 years$130,471$117,931$106,479$96,045$86,559$67,969
11 years$117,401$104,987$93,742$83,588$74,444$56,819
12 years$106,517$94,231$83,194$73,318$64,511$47,828
13 years$97,315$85,157$74,328$64,729$56,255$40,487
14 years$89,434$77,405$66,784$57,459$49,313$34,430
15 years$82,611$70,711$60,297$51,243$43,419$29,391
16 years$76,646$64,876$54,668$45,883$38,374$25,170
17 years$71,388$59,749$49,746$41,225$34,025$21,612
18 years$66,719$55,210$45,412$37,152$30,253$18,600
19 years$62,547$51,168$41,572$33,570$26,965$16,038
20 years$58,797$47,548$38,153$30,404$24,086$13,851
21 years$55,409$44,289$35,093$27,594$21,554$11,980
22 years$52,332$41,342$32,344$25,089$19,320$10,373
23 years$49,527$38,667$29,864$22,849$17,343$8,992
24 years$46,960$36,228$27,619$20,840$15,588$7,801
25 years$44,602$33,998$25,581$19,032$14,027$6,773
26 years$42,429$31,953$23,725$17,402$12,635$5,884
27 years$40,420$30,071$22,031$15,928$11,392$5,115
28 years$38,558$28,336$20,480$14,594$10,279$4,449
29 years$36,827$26,732$19,059$13,383$9,282$3,871
30 years$35,215$25,246$17,752$12,282$8,386$3,369
31 years$33,710$23,865$16,550$11,280$7,582$2,934
32 years$32,302$22,581$15,442$10,367$6,859$2,555
33 years$30,982$21,385$14,418$9,533$6,207$2,226
34 years$29,742$20,268$13,471$8,771$5,620$1,940
35 years$28,576$19,224$12,595$8,074$5,090$1,690
36 years$27,476$18,246$11,782$7,436$4,612$1,473
37 years$26,439$17,330$11,028$6,852$4,180$1,285
38 years$25,459$16,470$10,327$6,315$3,789$1,120
39 years$24,531$15,661$9,675$5,823$3,436$977
40 years$23,652$14,900$9,069$5,371$3,117$852
41 years$22,818$14,184$8,503$4,955$2,828$743
42 years$22,025$13,508$7,977$4,573$2,566$648
43 years$21,272$12,870$7,485$4,222$2,329$565
44 years$20,555$12,268$7,026$3,898$2,114$493
45 years$19,872$11,699$6,597$3,600$1,919$430
46 years$19,220$11,160$6,196$3,325$1,742$375
47 years$18,598$10,650$5,821$3,072$1,582$327
48 years$18,003$10,167$5,470$2,839$1,437$285
49 years$17,435$9,709$5,142$2,624$1,305$249
50 years$16,891$9,274$4,834$2,425$1,185$217

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 $3,720 every year, while hoping to spend $27,751 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: 74/18/8 Blend
71$17,300,000$17,300,000$17,300,000$17,300,000
72$19,068,437$18,151,537$17,883,387$20,455,567
73$20,983,891$19,011,436$18,452,954$22,229,941
74$23,093,791$19,912,539$19,040,671$24,169,342
75$25,417,941$20,856,837$19,647,117$26,293,167
76$27,978,165$21,846,416$20,272,889$28,619,656
77$30,798,511$22,883,464$20,918,604$31,168,883
78$33,905,480$23,970,274$21,584,898$33,962,946
79$37,328,273$25,109,252$22,272,426$37,026,167
80$41,099,071$26,302,919$22,981,866$40,385,319
81$45,253,334$27,553,920$23,713,917$44,069,878
82$49,830,141$28,865,028$24,469,300$48,112,295
83$54,872,552$30,239,151$25,248,758$52,548,294
84$60,428,020$31,679,338$26,053,060$57,417,214
85$66,548,838$33,188,786$26,882,997$62,762,366
86$73,292,631$34,770,847$27,739,389$68,631,442
87$80,722,898$36,429,037$28,623,077$75,076,960
88$88,909,616$38,167,043$29,534,933$82,156,753
89$97,929,899$39,988,730$30,475,855$89,934,508
90$107,868,723$41,898,152$31,446,770$98,480,365
91$118,819,731$43,899,560$32,448,636$107,871,571
92$130,886,116$45,997,411$33,482,438$118,193,199
93$144,181,597$48,196,381$34,549,196$129,538,952
94$158,831,486$50,501,370$35,649,961$142,012,034
95$174,973,881$52,917,520$36,785,817$155,726,119
96$192,760,959$55,450,222$37,957,885$170,806,417
97$212,360,422$58,105,127$39,167,318$187,390,847
98$233,957,072$60,888,165$40,415,310$205,631,330
99$257,754,560$63,805,552$41,703,090$225,695,217
100$283,977,309$66,863,808$43,031,928$247,766,854