Can I retire at age 72 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,383,047
2 years$719,501$706,101$693,114$680,522$668,309$647,797
3 years$474,902$461,445$448,491$436,017$424,003$404,019
4 years$352,627$339,211$326,386$314,126$302,402$283,100
5 years$279,281$265,945$253,289$241,279$229,881$211,317
6 years$230,400$217,164$204,695$192,953$181,897$164,093
7 years$195,499$182,374$170,103$158,637$147,931$130,892
8 years$169,334$156,328$144,261$133,077$122,723$106,448
9 years$148,995$136,112$124,252$113,352$103,351$87,831
10 years$132,733$119,976$108,325$97,710$88,060$73,283
11 years$119,437$106,808$95,368$85,037$75,735$61,687
12 years$108,364$95,865$84,637$74,589$65,630$52,295
13 years$99,003$86,634$75,617$65,851$57,231$44,589
14 years$90,985$78,748$67,942$58,455$50,168$38,201
15 years$84,043$71,937$61,343$52,132$44,172$32,857
16 years$77,975$66,001$55,616$46,678$39,039$28,356
17 years$72,626$60,785$50,609$41,940$34,615$24,540
18 years$67,876$56,168$46,199$37,796$30,778$21,288
19 years$63,632$52,056$42,293$34,152$27,433$18,505
20 years$59,817$48,373$38,815$30,932$24,504$16,114
21 years$56,369$45,057$35,702$28,072$21,928$14,053
22 years$53,240$42,059$32,905$25,524$19,655$12,272
23 years$50,386$39,337$30,382$23,245$17,644$10,728
24 years$47,775$36,856$28,098$21,201$15,859$9,388
25 years$45,376$34,588$26,024$19,362$14,270$8,222
26 years$43,165$32,507$24,136$17,704$12,854$7,207
27 years$41,121$30,593$22,413$16,205$11,589$6,320
28 years$39,227$28,828$20,835$14,847$10,457$5,546
29 years$37,466$27,196$19,389$13,615$9,443$4,869
30 years$35,826$25,683$18,060$12,495$8,532$4,277
31 years$34,295$24,279$16,837$11,476$7,714$3,758
32 years$32,862$22,973$15,709$10,547$6,978$3,303
33 years$31,519$21,756$14,668$9,698$6,315$2,904
34 years$30,258$20,620$13,705$8,923$5,717$2,554
35 years$29,071$19,557$12,813$8,214$5,178$2,247
36 years$27,953$18,563$11,986$7,565$4,692$1,976
37 years$26,898$17,630$11,219$6,970$4,252$1,739
38 years$25,900$16,755$10,506$6,425$3,855$1,531
39 years$24,956$15,933$9,843$5,924$3,496$1,347
40 years$24,062$15,159$9,226$5,464$3,171$1,186
41 years$23,213$14,429$8,651$5,041$2,877$1,044
42 years$22,407$13,742$8,115$4,652$2,610$919
43 years$21,641$13,093$7,615$4,295$2,369$810
44 years$20,911$12,481$7,148$3,966$2,150$713
45 years$20,216$11,902$6,711$3,662$1,952$628
46 years$19,553$11,354$6,304$3,383$1,772$553
47 years$18,920$10,835$5,922$3,125$1,610$487
48 years$18,315$10,343$5,565$2,888$1,462$429
49 years$17,737$9,877$5,231$2,669$1,328$378
50 years$17,184$9,435$4,918$2,467$1,206$333

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $17,600,000, adding $6,021 every year, while hoping to spend $36,461 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: 67/18/15 Blend
71$17,600,000$17,600,000$17,600,000$17,600,000
72$19,401,411$18,468,611$18,195,811$20,632,376
73$21,341,560$19,334,778$18,766,576$22,320,597
74$23,478,383$20,242,166$19,355,240$24,160,990
75$25,831,902$21,192,756$19,962,364$26,172,400
76$28,424,179$22,188,624$20,588,526$28,371,599
77$31,279,527$23,231,948$21,234,324$30,777,043
78$34,424,737$24,325,012$21,900,372$33,409,037
79$37,889,331$25,470,209$22,587,306$36,289,931
80$41,705,843$26,670,049$23,295,780$39,444,320
81$45,910,120$27,927,162$24,026,470$42,899,274
82$50,541,667$29,244,308$24,780,072$46,684,590
83$55,644,017$30,624,379$25,557,304$50,833,067
84$61,265,140$32,070,407$26,358,906$55,380,811
85$67,457,898$33,585,571$27,185,644$60,367,572
86$74,280,545$35,173,205$28,038,305$65,837,112
87$81,797,273$36,836,805$28,917,700$71,837,612
88$90,078,821$38,580,034$29,824,669$78,422,125
89$99,203,141$40,406,736$30,760,076$85,649,065
90$109,256,134$42,320,939$31,724,811$93,582,755
91$120,332,462$44,326,868$32,719,795$102,294,028
92$132,536,441$46,428,951$33,745,975$111,860,887
93$145,983,022$48,631,834$34,804,329$122,369,237
94$160,798,882$50,940,386$35,895,866$133,913,682
95$177,123,615$53,359,712$37,021,626$146,598,416
96$195,111,054$55,895,169$38,182,680$160,538,198
97$214,930,718$58,552,368$39,380,136$175,859,422
98$236,769,416$61,337,198$40,615,135$192,701,304
99$260,833,007$64,255,831$41,888,853$211,217,189
100$287,348,347$67,314,741$43,202,503$231,575,982