Can I retire at age 72 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,375,071
2 years$723,589$710,113$697,052$684,389$672,106$635,724
3 years$477,601$464,066$451,039$438,495$426,412$391,137
4 years$354,631$341,138$328,241$315,911$304,120$270,225
5 years$280,868$267,456$254,728$242,650$231,188$198,766
6 years$231,709$218,398$205,858$194,049$182,931$152,014
7 years$196,609$183,410$171,069$159,538$148,772$119,362
8 years$170,296$157,217$145,080$133,833$123,420$95,505
9 years$149,842$136,885$124,958$113,996$103,938$77,492
10 years$133,487$120,658$108,941$98,265$88,560$63,551
11 years$120,115$107,415$95,910$85,520$76,165$52,556
12 years$108,980$96,409$85,118$75,013$66,003$43,752
13 years$99,565$87,126$76,047$66,225$57,556$36,618
14 years$91,502$79,195$68,328$58,787$50,453$30,781
15 years$84,521$72,346$61,691$52,428$44,423$25,967
16 years$78,418$66,376$55,932$46,944$39,261$21,971
17 years$73,038$61,130$50,896$42,178$34,812$18,636
18 years$68,262$56,487$46,462$38,011$30,953$15,839
19 years$63,994$52,351$42,533$34,346$27,589$13,486
20 years$60,157$48,648$39,035$31,107$24,643$11,499
21 years$56,690$45,313$35,905$28,232$22,053$9,816
22 years$53,542$42,298$33,092$25,669$19,767$8,389
23 years$50,673$39,561$30,554$23,377$17,744$7,176
24 years$48,046$37,066$28,258$21,322$15,949$6,142
25 years$45,633$34,784$26,172$19,472$14,351$5,261
26 years$43,410$32,692$24,273$17,804$12,927$4,509
27 years$41,355$30,767$22,540$16,297$11,655$3,866
28 years$39,449$28,991$20,954$14,931$10,517$3,316
29 years$37,679$27,350$19,499$13,692$9,496$2,846
30 years$36,030$25,829$18,163$12,566$8,580$2,442
31 years$34,490$24,417$16,933$11,541$7,757$2,097
32 years$33,049$23,104$15,799$10,606$7,017$1,801
33 years$31,698$21,879$14,751$9,753$6,351$1,547
34 years$30,430$20,737$13,783$8,974$5,750$1,329
35 years$29,236$19,669$12,886$8,261$5,208$1,141
36 years$28,112$18,668$12,054$7,608$4,718$981
37 years$27,050$17,731$11,283$7,010$4,277$843
38 years$26,047$16,850$10,566$6,461$3,877$724
39 years$25,098$16,023$9,899$5,958$3,516$622
40 years$24,199$15,245$9,278$5,495$3,189$535
41 years$23,345$14,511$8,700$5,070$2,893$460
42 years$22,535$13,820$8,161$4,679$2,625$395
43 years$21,764$13,168$7,658$4,319$2,383$340
44 years$21,030$12,552$7,188$3,988$2,163$292
45 years$20,331$11,969$6,750$3,683$1,963$251
46 years$19,664$11,418$6,339$3,402$1,783$216
47 years$19,028$10,896$5,956$3,143$1,619$186
48 years$18,419$10,402$5,597$2,904$1,470$160
49 years$17,838$9,933$5,261$2,684$1,335$137
50 years$17,281$9,489$4,946$2,481$1,213$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $17,700,000, adding $2,527 every year, while hoping to spend $48,074 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: 56/14/30 Blend
71$17,700,000$17,700,000$17,700,000$17,700,000
72$19,508,007$18,569,907$18,295,557$20,438,302
73$21,446,673$19,428,682$18,857,307$21,938,962
74$23,581,472$20,327,925$19,436,266$23,568,077
75$25,932,358$21,269,570$20,032,957$25,342,273
76$28,521,321$22,255,641$20,647,923$27,275,586
77$31,372,590$23,288,261$21,281,722$29,383,451
78$34,512,863$24,369,656$21,934,930$31,682,853
79$37,971,564$25,502,157$22,608,138$34,192,472
80$41,781,111$26,688,210$23,301,958$36,932,866
81$45,977,229$27,930,378$24,017,019$39,926,653
82$50,599,287$29,231,347$24,753,970$43,198,722
83$55,690,665$30,593,934$25,513,478$46,776,466
84$61,299,166$32,021,090$26,296,233$50,690,032
85$67,477,468$33,515,910$27,102,944$54,972,604
86$74,283,619$35,081,639$27,934,342$59,660,706
87$81,781,587$36,721,678$28,791,180$64,794,549
88$90,041,859$38,439,590$29,674,236$70,418,397
89$99,142,114$40,239,115$30,584,308$76,580,982
90$109,167,948$42,124,171$31,522,220$83,335,960
91$120,213,688$44,098,864$32,488,824$90,742,407
92$132,383,277$46,167,501$33,484,992$98,865,375
93$145,791,259$48,334,597$34,511,628$107,776,492
94$160,563,860$50,604,885$35,569,660$117,554,639
95$176,840,176$52,983,326$36,660,045$128,286,679
96$194,773,488$55,475,123$37,783,771$140,068,278
97$214,532,710$58,085,731$38,941,854$153,004,789
98$236,303,981$60,820,866$40,135,340$167,212,250
99$260,292,423$63,686,524$41,365,310$182,818,459
100$286,724,077$66,688,991$42,632,875$199,964,179