Can I retire at age 72 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,346,864
2 years$711,325$698,077$685,238$672,789$660,714$620,103
3 years$469,506$456,201$443,394$431,063$419,184$379,871
4 years$348,620$335,356$322,677$310,556$298,966$261,252
5 years$276,108$262,923$250,411$238,537$227,269$191,257
6 years$227,782$214,697$202,369$190,760$179,830$145,553
7 years$193,277$180,302$168,170$156,834$146,250$113,707
8 years$167,410$154,552$142,621$131,564$121,329$90,501
9 years$147,302$134,565$122,840$112,064$102,176$73,032
10 years$131,225$118,613$107,094$96,600$87,059$59,558
11 years$118,079$105,594$94,284$84,071$74,874$48,970
12 years$107,133$94,775$83,675$73,741$64,884$40,526
13 years$97,878$85,649$74,758$65,103$56,580$33,713
14 years$89,951$77,853$67,170$57,791$49,598$28,164
15 years$83,088$71,120$60,646$51,539$43,670$23,609
16 years$77,089$65,251$54,984$46,148$38,596$19,848
17 years$71,800$60,094$50,034$41,463$34,221$16,725
18 years$67,105$55,529$45,674$37,367$30,428$14,121
19 years$62,909$51,464$41,813$33,764$27,121$11,941
20 years$59,137$47,823$38,373$30,580$24,225$10,112
21 years$55,729$44,545$35,296$27,753$21,679$8,573
22 years$52,635$41,581$32,531$25,234$19,432$7,276
23 years$49,814$38,890$30,036$22,981$17,443$6,179
24 years$47,232$36,438$27,779$20,960$15,678$5,252
25 years$44,860$34,195$25,729$19,142$14,108$4,466
26 years$42,674$32,138$23,862$17,502$12,708$3,800
27 years$40,654$30,245$22,158$16,020$11,457$3,235
28 years$38,781$28,500$20,599$14,678$10,338$2,754
29 years$37,040$26,886$19,169$13,460$9,335$2,346
30 years$35,419$25,391$17,855$12,353$8,435$1,999
31 years$33,905$24,003$16,646$11,345$7,626$1,703
32 years$32,489$22,712$15,531$10,427$6,898$1,452
33 years$31,161$21,509$14,501$9,588$6,243$1,238
34 years$29,914$20,385$13,549$8,822$5,652$1,055
35 years$28,741$19,335$12,667$8,121$5,119$900
36 years$27,635$18,352$11,850$7,479$4,639$767
37 years$26,592$17,430$11,091$6,891$4,204$654
38 years$25,606$16,565$10,387$6,352$3,811$558
39 years$24,673$15,751$9,731$5,857$3,456$476
40 years$23,789$14,986$9,121$5,402$3,135$406
41 years$22,950$14,266$8,553$4,984$2,844$346
42 years$22,153$13,586$8,023$4,600$2,581$295
43 years$21,395$12,945$7,528$4,246$2,342$252
44 years$20,674$12,339$7,066$3,920$2,126$215
45 years$19,986$11,766$6,635$3,621$1,930$183
46 years$19,331$11,225$6,232$3,344$1,752$156
47 years$18,705$10,712$5,855$3,090$1,591$134
48 years$18,107$10,226$5,502$2,855$1,445$114
49 years$17,536$9,765$5,171$2,639$1,312$97
50 years$16,988$9,328$4,862$2,439$1,192$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $17,400,000, adding $6,826 every year, while hoping to spend $23,178 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: 32/48/20 Blend
71$17,400,000$17,400,000$17,400,000$17,400,000
72$19,181,841$18,259,641$17,989,941$19,676,457
73$21,113,728$19,129,702$18,567,943$20,917,277
74$23,241,890$20,041,620$19,164,531$22,250,284
75$25,586,323$20,997,420$19,780,303$23,685,620
76$28,169,062$21,999,227$20,415,878$25,232,252
77$31,014,388$23,049,271$21,071,891$26,899,998
78$34,149,058$24,149,887$21,749,002$28,699,604
79$37,602,557$25,303,527$22,447,888$30,642,843
80$41,407,377$26,512,759$23,169,252$32,742,612
81$45,599,323$27,780,278$23,913,816$35,013,043
82$50,217,853$29,108,910$24,682,327$37,469,628
83$55,306,445$30,501,618$25,475,556$40,129,351
84$60,913,015$31,961,510$26,294,300$43,010,837
85$67,090,362$33,491,844$27,139,378$46,134,517
86$73,896,672$35,096,037$28,011,640$49,522,805
87$81,396,062$36,777,672$28,911,960$53,200,296
88$89,659,191$38,540,509$29,841,241$57,193,987
89$98,763,922$40,388,488$30,800,417$61,533,513
90$108,796,060$42,325,741$31,790,449$66,251,412
91$119,850,160$44,356,604$32,812,330$71,383,416
92$132,030,420$46,485,622$33,867,087$76,968,769
93$145,451,667$48,717,561$34,955,778$83,050,584
94$160,240,436$51,057,421$36,079,496$89,676,225
95$176,536,170$53,510,444$37,239,369$96,897,738
96$194,492,532$56,082,128$38,436,560$104,772,320
97$214,278,857$58,778,239$39,672,272$113,362,837
98$236,081,752$61,604,824$40,947,744$122,738,395
99$260,106,856$64,568,226$42,264,259$132,974,969
100$286,580,780$67,675,094$43,623,137$144,156,093