Can I retire at age 72 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,384,522
2 years$727,677$714,125$700,990$688,256$675,903$640,982
3 years$480,299$466,688$453,587$440,972$428,821$394,946
4 years$356,634$343,065$330,095$317,696$305,839$273,270
5 years$282,455$268,967$256,167$244,021$232,494$201,322
6 years$233,018$219,632$207,021$195,145$183,964$154,222
7 years$197,720$184,447$172,036$160,440$149,612$121,302
8 years$171,259$158,105$145,900$134,589$124,118$97,227
9 years$150,688$137,659$125,664$114,640$104,525$79,032
10 years$134,242$121,339$109,556$98,821$89,061$64,936
11 years$120,794$108,021$96,452$86,004$76,595$53,804
12 years$109,596$96,954$85,598$75,437$66,376$44,879
13 years$100,128$87,618$76,477$66,599$57,881$37,637
14 years$92,019$79,643$68,715$59,119$50,738$31,703
15 years$84,998$72,755$62,040$52,724$44,674$26,801
16 years$78,861$66,751$56,248$47,209$39,483$22,725
17 years$73,451$61,475$51,184$42,417$35,008$19,317
18 years$68,648$56,806$46,724$38,226$31,128$16,455
19 years$64,355$52,647$42,774$34,540$27,745$14,041
20 years$60,497$48,922$39,256$31,283$24,782$12,000
21 years$57,010$45,569$36,108$28,391$22,177$10,268
22 years$53,845$42,537$33,279$25,814$19,879$8,795
23 years$50,959$39,784$30,727$23,510$17,844$7,541
24 years$48,317$37,275$28,417$21,442$16,039$6,470
25 years$45,891$34,981$26,320$19,582$14,433$5,556
26 years$43,655$32,876$24,411$17,905$13,000$4,773
27 years$41,588$30,941$22,667$16,389$11,721$4,102
28 years$39,672$29,155$21,072$15,016$10,576$3,527
29 years$37,892$27,505$19,610$13,770$9,550$3,034
30 years$36,233$25,975$18,266$12,637$8,629$2,611
31 years$34,684$24,555$17,028$11,606$7,801$2,247
32 years$33,235$23,234$15,888$10,666$7,057$1,934
33 years$31,877$22,003$14,835$9,809$6,386$1,666
34 years$30,602$20,854$13,861$9,025$5,782$1,434
35 years$29,401$19,780$12,959$8,308$5,237$1,235
36 years$28,271$18,774$12,122$7,651$4,745$1,064
37 years$27,203$17,831$11,346$7,050$4,301$917
38 years$26,195$16,946$10,625$6,498$3,899$790
39 years$25,240$16,114$9,955$5,991$3,536$681
40 years$24,335$15,331$9,331$5,526$3,207$586
41 years$23,477$14,593$8,749$5,099$2,909$505
42 years$22,662$13,898$8,207$4,705$2,640$436
43 years$21,887$13,242$7,701$4,344$2,396$375
44 years$21,149$12,623$7,229$4,011$2,175$324
45 years$20,446$12,037$6,788$3,704$1,974$279
46 years$19,775$11,483$6,375$3,421$1,793$240
47 years$19,135$10,958$5,989$3,161$1,628$207
48 years$18,524$10,461$5,628$2,921$1,478$179
49 years$17,939$9,990$5,290$2,699$1,343$154
50 years$17,379$9,542$4,974$2,495$1,220$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $17,800,000, adding $4,681 every year, while hoping to spend $50,060 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: 51/21/28 Blend
71$17,800,000$17,800,000$17,800,000$17,800,000
72$19,620,428$18,677,028$18,401,128$20,466,008
73$21,568,449$19,538,939$18,964,303$21,917,841
74$23,713,489$20,441,406$19,544,666$23,490,267
75$26,075,593$21,386,363$20,142,740$25,199,176
76$28,676,847$22,375,838$20,759,065$27,057,584
77$31,541,587$23,411,956$21,394,195$29,079,797
78$34,696,631$24,496,943$22,048,703$31,281,545
79$38,171,530$25,633,137$22,723,177$33,680,119
80$41,998,848$26,822,982$23,418,226$36,294,538
81$46,214,468$28,069,046$24,134,473$39,145,713
82$50,857,930$29,374,016$24,872,565$42,256,647
83$55,972,808$30,740,712$25,633,165$45,652,641
84$61,607,116$32,172,088$26,416,958$49,361,531
85$67,813,763$33,671,242$27,224,647$53,413,937
86$74,651,054$35,241,419$28,056,960$57,843,555
87$82,183,237$36,886,025$28,914,644$62,687,460
88$90,481,113$38,608,626$29,798,470$67,986,451
89$99,622,701$40,412,963$30,709,233$73,785,432
90$109,693,975$42,302,957$31,647,751$80,133,822
91$120,789,677$44,282,717$32,614,867$87,086,017
92$133,014,207$46,356,554$33,611,448$94,701,895
93$146,482,616$48,528,985$34,638,391$103,047,368
94$161,321,682$50,804,745$35,696,617$112,195,000
95$177,671,115$53,188,798$36,787,075$122,224,679
96$195,684,871$55,686,352$37,910,744$133,224,361
97$215,532,606$58,302,861$39,068,632$145,290,891
98$237,401,278$61,044,047$40,261,777$158,530,903
99$261,496,911$63,915,908$41,491,250$173,061,820
100$288,046,541$66,924,733$42,758,152$189,012,942