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%18.9%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,376,179
2 years$731,765$718,137$704,928$692,122$679,701$628,679
3 years$482,997$469,310$456,135$443,449$431,230$381,983
4 years$358,638$344,993$331,950$319,480$307,557$260,461
5 years$284,042$270,478$257,607$245,392$233,800$188,977
6 years$234,327$220,866$208,184$196,242$184,998$142,482
7 years$198,831$185,483$173,002$161,341$150,453$110,235
8 years$172,221$158,993$146,720$135,345$124,815$86,861
9 years$151,535$138,432$126,370$115,284$105,112$69,371
10 years$134,996$122,021$110,172$99,376$89,561$55,971
11 years$121,473$108,628$96,994$86,487$77,025$45,517
12 years$110,211$97,499$86,079$75,860$66,749$37,246
13 years$100,690$88,110$76,906$66,973$58,206$30,628
14 years$92,536$80,090$69,101$59,452$51,023$25,286
15 years$85,476$73,164$62,388$53,020$44,925$20,943
16 years$79,304$67,126$56,564$47,474$39,705$17,391
17 years$73,864$61,821$51,471$42,655$35,205$14,473
18 years$69,033$57,125$46,987$38,441$31,303$12,066
19 years$64,717$52,943$43,014$34,734$27,901$10,074
20 years$60,836$49,197$39,476$31,459$24,921$8,420
21 years$57,330$45,825$36,310$28,551$22,302$7,046
22 years$54,147$42,776$33,466$25,959$19,990$5,900
23 years$51,245$40,008$30,900$23,642$17,945$4,945
24 years$48,589$37,485$28,577$21,562$16,129$4,146
25 years$46,149$35,177$26,468$19,692$14,514$3,478
26 years$43,900$33,061$24,548$18,005$13,073$2,919
27 years$41,822$31,114$22,795$16,481$11,787$2,451
28 years$39,895$29,319$21,191$15,100$10,635$2,058
29 years$38,105$27,659$19,720$13,847$9,603$1,729
30 years$36,437$26,121$18,368$12,708$8,677$1,452
31 years$34,879$24,693$17,124$11,671$7,845$1,220
32 years$33,422$23,365$15,977$10,726$7,096$1,026
33 years$32,056$22,127$14,918$9,864$6,422$862
34 years$30,773$20,971$13,938$9,075$5,815$725
35 years$29,567$19,891$13,031$8,354$5,267$609
36 years$28,429$18,879$12,191$7,694$4,772$512
37 years$27,356$17,931$11,410$7,089$4,325$431
38 years$26,342$17,041$10,685$6,534$3,921$362
39 years$25,382$16,204$10,011$6,025$3,556$304
40 years$24,472$15,417$9,383$5,557$3,225$256
41 years$23,609$14,675$8,798$5,127$2,926$215
42 years$22,789$13,976$8,253$4,732$2,655$181
43 years$22,010$13,317$7,745$4,368$2,409$152
44 years$21,268$12,694$7,270$4,033$2,187$128
45 years$20,561$12,104$6,826$3,725$1,985$108
46 years$19,886$11,547$6,411$3,441$1,803$91
47 years$19,243$11,020$6,023$3,179$1,637$76
48 years$18,628$10,520$5,660$2,937$1,487$64
49 years$18,039$10,046$5,320$2,714$1,350$54
50 years$17,477$9,596$5,002$2,509$1,226$45

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 $3,182 every year, while hoping to spend $50,855 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: 46/45/9 Blend
71$17,900,000$17,900,000$17,900,000$17,900,000
72$19,729,082$18,780,382$18,502,932$20,587,160
73$21,687,339$19,646,512$19,068,671$22,045,449
74$23,843,634$20,553,377$19,651,658$23,620,953
75$26,218,113$21,502,921$20,252,416$25,328,862
76$28,832,975$22,497,178$20,871,487$27,181,441
77$31,712,682$23,538,284$21,509,426$29,192,149
78$34,884,190$24,628,474$22,166,806$31,375,759
79$38,377,202$25,770,093$22,844,218$33,748,490
80$42,224,447$26,965,599$23,542,270$36,328,152
81$46,461,994$28,217,567$24,261,590$39,134,300
82$51,129,587$29,528,696$25,002,822$42,188,418
83$56,271,020$30,901,818$25,766,632$45,514,103
84$61,934,555$32,339,898$26,553,705$49,137,285
85$68,173,374$33,846,047$27,364,748$53,086,457
86$75,046,079$35,423,525$28,200,489$57,392,931
87$82,617,250$37,075,748$29,061,675$62,091,128
88$90,958,048$38,806,298$29,949,080$67,218,883
89$100,146,894$40,618,932$30,863,499$72,817,796
90$110,270,203$42,517,585$31,805,752$78,933,608
91$121,423,201$44,506,384$32,776,682$85,616,618
92$133,710,826$46,589,656$33,777,160$92,922,143
93$147,248,717$48,771,936$34,808,081$100,911,028
94$162,164,303$51,057,978$35,870,369$109,650,200
95$178,598,010$53,452,766$36,964,975$119,213,285
96$196,704,583$55,961,528$38,092,877$129,681,284
97$216,654,548$58,589,740$39,255,086$141,143,321
98$238,635,821$61,343,147$40,452,640$153,697,463
99$262,855,483$64,227,769$41,686,612$167,451,624
100$289,541,733$67,249,921$42,958,105$182,524,567