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%11.9%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,392,271
2 years$719,501$706,101$693,114$680,522$668,309$657,042
3 years$474,902$461,445$448,491$436,017$424,003$412,995
4 years$352,627$339,211$326,386$314,126$302,402$291,738
5 years$279,281$265,945$253,289$241,279$229,881$219,593
6 years$230,400$217,164$204,695$192,953$181,897$171,997
7 years$195,499$182,374$170,103$158,637$147,931$138,424
8 years$169,334$156,328$144,261$133,077$122,723$113,609
9 years$148,995$136,112$124,252$113,352$103,351$94,627
10 years$132,733$119,976$108,325$97,710$88,060$79,722
11 years$119,437$106,808$95,368$85,037$75,735$67,776
12 years$108,364$95,865$84,637$74,589$65,630$58,043
13 years$99,003$86,634$75,617$65,851$57,231$50,007
14 years$90,985$78,748$67,942$58,455$50,168$43,300
15 years$84,043$71,937$61,343$52,132$44,172$37,648
16 years$77,975$66,001$55,616$46,678$39,039$32,851
17 years$72,626$60,785$50,609$41,940$34,615$28,751
18 years$67,876$56,168$46,199$37,796$30,778$25,228
19 years$63,632$52,056$42,293$34,152$27,433$22,186
20 years$59,817$48,373$38,815$30,932$24,504$19,548
21 years$56,369$45,057$35,702$28,072$21,928$17,253
22 years$53,240$42,059$32,905$25,524$19,655$15,249
23 years$50,386$39,337$30,382$23,245$17,644$13,495
24 years$47,775$36,856$28,098$21,201$15,859$11,957
25 years$45,376$34,588$26,024$19,362$14,270$10,604
26 years$43,165$32,507$24,136$17,704$12,854$9,412
27 years$41,121$30,593$22,413$16,205$11,589$8,361
28 years$39,227$28,828$20,835$14,847$10,457$7,432
29 years$37,466$27,196$19,389$13,615$9,443$6,610
30 years$35,826$25,683$18,060$12,495$8,532$5,882
31 years$34,295$24,279$16,837$11,476$7,714$5,237
32 years$32,862$22,973$15,709$10,547$6,978$4,664
33 years$31,519$21,756$14,668$9,698$6,315$4,156
34 years$30,258$20,620$13,705$8,923$5,717$3,704
35 years$29,071$19,557$12,813$8,214$5,178$3,302
36 years$27,953$18,563$11,986$7,565$4,692$2,945
37 years$26,898$17,630$11,219$6,970$4,252$2,627
38 years$25,900$16,755$10,506$6,425$3,855$2,343
39 years$24,956$15,933$9,843$5,924$3,496$2,091
40 years$24,062$15,159$9,226$5,464$3,171$1,866
41 years$23,213$14,429$8,651$5,041$2,877$1,666
42 years$22,407$13,742$8,115$4,652$2,610$1,487
43 years$21,641$13,093$7,615$4,295$2,369$1,328
44 years$20,911$12,481$7,148$3,966$2,150$1,185
45 years$20,216$11,902$6,711$3,662$1,952$1,058
46 years$19,553$11,354$6,304$3,383$1,772$945
47 years$18,920$10,835$5,922$3,125$1,610$844
48 years$18,315$10,343$5,565$2,888$1,462$754
49 years$17,737$9,877$5,231$2,669$1,328$674
50 years$17,184$9,435$4,918$2,467$1,206$602

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 $6,050 every year, while hoping to spend $47,706 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: 68/21/11 Blend
71$17,600,000$17,600,000$17,600,000$17,600,000
72$19,401,441$18,468,641$18,195,841$20,675,194
73$21,329,629$19,322,845$18,754,642$22,376,552
74$23,452,893$20,217,307$19,330,565$24,230,289
75$25,791,081$21,153,948$19,924,132$26,256,383
76$28,366,063$22,134,783$20,535,882$28,471,729
77$31,201,939$23,161,924$21,166,371$30,894,913
78$34,325,263$24,237,586$21,816,172$33,546,388
79$37,765,300$25,364,087$22,485,873$36,448,662
80$41,554,295$26,543,861$23,176,084$39,626,502
81$45,727,780$27,779,458$23,887,430$43,107,170
82$50,324,912$29,073,549$24,620,557$46,920,668
83$55,388,837$30,428,938$25,376,130$51,100,023
84$60,967,103$31,848,560$26,154,835$55,681,589
85$67,112,102$33,335,494$26,957,377$60,705,388
86$73,881,572$34,892,969$27,784,484$66,215,477
87$81,339,135$36,524,367$28,636,907$72,260,364
88$89,554,901$38,233,235$29,515,418$78,893,456
89$98,606,129$40,023,292$30,420,812$86,173,557
90$108,577,956$41,898,435$31,353,912$94,165,419
91$119,564,200$43,862,752$32,315,561$102,940,342
92$131,668,248$45,920,525$33,306,631$112,576,840
93$145,004,025$48,076,247$34,328,019$123,161,379
94$159,697,079$50,334,627$35,380,651$134,789,181
95$175,885,758$52,700,600$36,465,480$147,565,114
96$193,722,519$55,179,343$37,583,487$161,604,675
97$213,375,366$57,776,281$38,735,684$177,035,072
98$235,029,438$60,497,104$39,923,114$193,996,411
99$258,888,754$63,347,775$41,146,851$212,643,012
100$285,178,138$66,334,547$42,408,002$233,144,853