Can I retire at age 72 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,404,303
2 years$731,765$718,137$704,928$692,122$679,701$656,523
3 years$482,997$469,310$456,135$443,449$431,230$408,665
4 years$358,638$344,993$331,950$319,480$307,557$285,778
5 years$284,042$270,478$257,607$245,392$233,800$212,870
6 years$234,327$220,866$208,184$196,242$184,998$164,940
7 years$198,831$185,483$173,002$161,341$150,453$131,275
8 years$172,221$158,993$146,720$135,345$124,815$106,513
9 years$151,535$138,432$126,370$115,284$105,112$87,676
10 years$134,996$122,021$110,172$99,376$89,561$72,976
11 years$121,473$108,628$96,994$86,487$77,025$61,275
12 years$110,211$97,499$86,079$75,860$66,749$51,812
13 years$100,690$88,110$76,906$66,973$58,206$44,062
14 years$92,536$80,090$69,101$59,452$51,023$37,647
15 years$85,476$73,164$62,388$53,020$44,925$32,293
16 years$79,304$67,126$56,564$47,474$39,705$27,791
17 years$73,864$61,821$51,471$42,655$35,205$23,983
18 years$69,033$57,125$46,987$38,441$31,303$20,745
19 years$64,717$52,943$43,014$34,734$27,901$17,980
20 years$60,836$49,197$39,476$31,459$24,921$15,610
21 years$57,330$45,825$36,310$28,551$22,302$13,573
22 years$54,147$42,776$33,466$25,959$19,990$11,816
23 years$51,245$40,008$30,900$23,642$17,945$10,298
24 years$48,589$37,485$28,577$21,562$16,129$8,984
25 years$46,149$35,177$26,468$19,692$14,514$7,843
26 years$43,900$33,061$24,548$18,005$13,073$6,852
27 years$41,822$31,114$22,795$16,481$11,787$5,990
28 years$39,895$29,319$21,191$15,100$10,635$5,240
29 years$38,105$27,659$19,720$13,847$9,603$4,585
30 years$36,437$26,121$18,368$12,708$8,677$4,014
31 years$34,879$24,693$17,124$11,671$7,845$3,516
32 years$33,422$23,365$15,977$10,726$7,096$3,080
33 years$32,056$22,127$14,918$9,864$6,422$2,699
34 years$30,773$20,971$13,938$9,075$5,815$2,365
35 years$29,567$19,891$13,031$8,354$5,267$2,074
36 years$28,429$18,879$12,191$7,694$4,772$1,818
37 years$27,356$17,931$11,410$7,089$4,325$1,595
38 years$26,342$17,041$10,685$6,534$3,921$1,399
39 years$25,382$16,204$10,011$6,025$3,556$1,227
40 years$24,472$15,417$9,383$5,557$3,225$1,076
41 years$23,609$14,675$8,798$5,127$2,926$944
42 years$22,789$13,976$8,253$4,732$2,655$829
43 years$22,010$13,317$7,745$4,368$2,409$727
44 years$21,268$12,694$7,270$4,033$2,187$638
45 years$20,561$12,104$6,826$3,725$1,985$560
46 years$19,886$11,547$6,411$3,441$1,803$491
47 years$19,243$11,020$6,023$3,179$1,637$431
48 years$18,628$10,520$5,660$2,937$1,487$379
49 years$18,039$10,046$5,320$2,714$1,350$332
50 years$17,477$9,596$5,002$2,509$1,226$292

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $17,900,000, adding $4,470 every year, while hoping to spend $46,974 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: 71/12/17 Blend
71$17,900,000$17,900,000$17,900,000$17,900,000
72$19,730,411$18,781,711$18,504,261$21,052,429
73$21,692,933$19,652,035$19,074,174$22,802,218
74$23,854,058$20,563,430$19,661,604$24,711,192
75$26,233,993$21,517,860$20,267,089$26,799,962
76$28,855,007$22,517,381$20,891,184$29,086,306
77$31,741,636$23,564,152$21,534,457$31,589,796
78$34,920,920$24,660,432$22,197,498$34,331,973
79$38,422,651$25,808,591$22,880,912$37,336,555
80$42,279,663$27,011,113$23,585,324$40,629,653
81$46,528,135$28,270,603$24,311,378$44,240,014
82$51,207,932$29,589,791$25,059,737$48,199,293
83$56,362,988$30,971,537$25,831,084$52,542,343
84$62,041,712$32,418,842$26,626,125$57,307,542
85$68,297,452$33,934,850$27,445,585$62,537,154
86$75,188,993$35,522,859$28,290,214$68,277,721
87$82,781,115$37,186,324$29,160,781$74,580,498
88$91,145,203$38,928,868$30,058,081$81,501,935
89$100,359,921$40,754,290$30,982,934$89,104,202
90$110,511,955$42,666,572$31,936,184$97,455,772
91$121,696,828$44,669,888$32,918,700$106,632,065
92$134,019,807$46,768,615$33,931,380$116,716,152
93$147,596,892$48,967,342$34,975,146$127,799,534
94$162,555,913$51,270,879$36,050,950$139,982,999
95$179,037,733$53,684,270$37,159,775$153,377,571
96$197,197,585$56,212,802$38,302,630$168,105,550
97$217,206,529$58,862,019$39,480,558$184,301,657
98$239,253,070$61,637,734$40,694,632$202,114,304
99$263,544,941$64,546,040$41,945,960$221,706,986
100$290,311,056$67,593,327$43,235,680$243,259,816