Can I retire at age 72 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,430,975
2 years$748,117$734,184$720,681$707,589$694,889$666,500
3 years$493,791$479,798$466,328$453,359$440,866$413,265
4 years$366,652$352,702$339,368$326,620$314,430$287,829
5 years$290,389$276,523$263,363$250,875$239,024$213,501
6 years$239,564$225,802$212,837$200,627$189,132$164,713
7 years$203,274$189,628$176,868$164,946$153,815$130,506
8 years$176,069$162,546$149,998$138,369$127,604$105,400
9 years$154,921$141,526$129,193$117,860$107,461$86,347
10 years$138,012$124,748$112,634$101,597$91,562$71,518
11 years$124,187$111,056$99,161$88,419$78,747$59,749
12 years$112,674$99,678$88,003$77,556$68,240$50,262
13 years$102,940$90,079$78,625$68,470$59,507$42,518
14 years$94,604$81,880$70,645$60,780$52,163$36,133
15 years$87,386$74,799$63,783$54,205$45,929$30,824
16 years$81,076$68,626$57,828$48,535$40,592$26,378
17 years$75,514$63,202$52,621$43,608$35,992$22,634
18 years$70,576$58,402$48,037$39,300$32,002$19,464
19 years$66,163$54,126$43,975$35,511$28,524$16,771
20 years$62,196$50,297$40,358$32,162$25,478$14,474
21 years$58,611$46,849$37,122$29,189$22,800$12,508
22 years$55,357$43,732$34,214$26,539$20,437$10,823
23 years$52,390$40,902$31,590$24,170$18,346$9,374
24 years$49,675$38,322$29,216$22,044$16,489$8,126
25 years$47,180$35,964$27,059$20,132$14,838$7,050
26 years$44,881$33,800$25,096$18,408$13,365$6,120
27 years$42,756$31,810$23,304$16,849$12,050$5,316
28 years$40,787$29,974$21,664$15,437$10,873$4,620
29 years$38,956$28,277$20,160$14,156$9,818$4,016
30 years$37,251$26,705$18,779$12,992$8,871$3,493
31 years$35,659$25,245$17,507$11,932$8,020$3,039
32 years$34,169$23,887$16,334$10,966$7,255$2,645
33 years$32,773$22,621$15,251$10,084$6,566$2,302
34 years$31,461$21,440$14,250$9,278$5,945$2,004
35 years$30,227$20,335$13,323$8,541$5,384$1,745
36 years$29,065$19,301$12,463$7,866$4,878$1,520
37 years$27,967$18,332$11,665$7,248$4,421$1,324
38 years$26,930$17,422$10,924$6,680$4,008$1,153
39 years$25,949$16,566$10,235$6,160$3,635$1,005
40 years$25,019$15,761$9,593$5,681$3,297$875
41 years$24,137$15,003$8,995$5,242$2,991$763
42 years$23,299$14,289$8,438$4,838$2,714$665
43 years$22,502$13,614$7,918$4,466$2,463$579
44 years$21,743$12,977$7,432$4,123$2,236$505
45 years$21,020$12,375$6,978$3,808$2,030$440
46 years$20,331$11,805$6,554$3,517$1,843$384
47 years$19,673$11,266$6,158$3,250$1,674$334
48 years$19,044$10,755$5,786$3,003$1,520$291
49 years$18,443$10,270$5,439$2,775$1,380$254
50 years$17,867$9,810$5,113$2,565$1,254$221

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $18,300,000, adding $3,709 every year, while hoping to spend $44,812 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: 62/25/13 Blend
71$18,300,000$18,300,000$18,300,000$18,300,000
72$20,170,426$19,200,526$18,916,876$21,357,851
73$22,180,130$20,093,672$19,502,912$23,048,038
74$24,393,321$21,029,080$20,107,078$24,886,783
75$26,830,709$22,008,775$20,729,934$26,892,836
76$29,515,113$23,034,876$21,372,058$29,082,423
77$32,471,677$24,109,608$22,034,045$31,473,387
78$35,728,111$25,235,301$22,716,508$34,085,354
79$39,314,947$26,414,399$23,420,080$36,939,911
80$43,265,831$27,649,465$24,145,412$40,060,806
81$47,617,840$28,943,182$24,893,177$43,474,164
82$52,411,828$30,298,367$25,664,067$47,208,733
83$57,692,818$31,717,970$26,458,797$51,296,141
84$63,510,421$33,205,086$27,278,102$55,771,198
85$69,919,306$34,762,958$28,122,741$60,672,207
86$76,979,719$36,394,986$28,993,496$66,041,327
87$84,758,046$38,104,736$29,891,174$71,924,960
88$93,327,445$39,895,946$30,816,606$78,374,182
89$102,768,530$41,772,533$31,770,648$85,445,215
90$113,170,139$43,738,606$32,754,183$93,199,953
91$124,630,167$45,798,472$33,768,123$101,706,534
92$137,256,494$47,956,647$34,813,405$111,039,975
93$151,167,998$50,217,864$35,890,996$121,282,872
94$166,495,683$52,587,089$37,001,893$132,526,166
95$183,383,912$55,069,525$38,147,126$144,869,996
96$201,991,768$57,670,629$39,327,751$158,424,627
97$222,494,560$60,396,122$40,544,863$173,311,485
98$245,085,476$63,252,003$41,799,587$189,664,288
99$269,977,404$66,244,560$43,093,083$207,630,295
100$297,404,945$69,380,389$44,426,546$227,371,686