Can I retire at age 72 with 18,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,419,706
2 years$752,205$738,196$724,619$711,455$698,687$651,241
3 years$496,489$482,419$468,877$455,836$443,275$397,410
4 years$368,656$354,629$341,222$328,404$316,148$272,213
5 years$291,976$278,034$264,802$252,246$240,331$198,443
6 years$240,873$227,035$214,000$201,723$190,165$150,361
7 years$204,385$190,664$177,835$165,848$154,655$116,930
8 years$177,031$163,434$150,818$139,126$128,302$92,628
9 years$155,768$142,299$129,899$118,504$108,048$74,385
10 years$138,767$125,430$113,249$102,152$92,063$60,358
11 years$124,866$111,663$99,703$88,903$79,177$49,372
12 years$113,290$100,222$88,484$77,980$68,613$40,643
13 years$103,503$90,572$79,054$68,844$59,832$33,627
14 years$95,121$82,327$71,031$61,112$52,448$27,937
15 years$87,863$75,207$64,131$54,501$46,180$23,287
16 years$81,519$69,001$58,144$48,800$40,814$19,464
17 years$75,927$63,548$52,909$43,846$36,188$16,306
18 years$70,962$58,721$48,299$39,514$32,177$13,685
19 years$66,524$54,422$44,216$35,705$28,680$11,504
20 years$62,536$50,571$40,579$32,337$25,617$9,682
21 years$58,932$47,105$37,325$29,348$22,925$8,158
22 years$55,660$43,971$34,400$26,684$20,549$6,880
23 years$52,677$41,125$31,763$24,302$18,446$5,807
24 years$49,946$38,532$29,375$22,165$16,580$4,904
25 years$47,438$36,160$27,207$20,242$14,919$4,144
26 years$45,127$33,985$25,233$18,508$13,439$3,503
27 years$42,990$31,984$23,431$16,941$12,116$2,963
28 years$41,010$30,138$21,783$15,522$10,932$2,506
29 years$39,169$28,432$20,270$14,234$9,872$2,121
30 years$37,454$26,851$18,881$13,063$8,920$1,795
31 years$35,854$25,383$17,602$11,997$8,064$1,520
32 years$34,356$24,017$16,423$11,026$7,295$1,287
33 years$32,952$22,745$15,335$10,139$6,602$1,089
34 years$31,633$21,557$14,328$9,329$5,977$923
35 years$30,392$20,446$13,395$8,588$5,414$781
36 years$29,223$19,407$12,531$7,909$4,905$662
37 years$28,120$18,432$11,729$7,287$4,446$561
38 years$27,078$17,517$10,984$6,717$4,030$475
39 years$26,091$16,657$10,290$6,193$3,655$402
40 years$25,156$15,848$9,645$5,712$3,315$341
41 years$24,269$15,085$9,044$5,270$3,008$289
42 years$23,426$14,367$8,484$4,864$2,729$245
43 years$22,625$13,689$7,961$4,490$2,477$207
44 years$21,862$13,048$7,473$4,146$2,248$176
45 years$21,135$12,443$7,017$3,829$2,041$149
46 years$20,442$11,870$6,590$3,537$1,853$126
47 years$19,780$11,327$6,191$3,267$1,683$107
48 years$19,148$10,813$5,818$3,019$1,528$91
49 years$18,543$10,326$5,469$2,790$1,388$77
50 years$17,965$9,864$5,141$2,579$1,261$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $18,400,000, adding $3,878 every year, while hoping to spend $49,808 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: 55/31/14 Blend
71$18,400,000$18,400,000$18,400,000$18,400,000
72$20,280,800$19,305,600$19,020,400$21,321,939
73$22,296,446$20,198,579$19,604,588$22,922,867
74$24,516,019$21,133,645$20,206,677$24,659,467
75$26,960,267$22,112,807$20,827,214$26,549,255
76$29,652,051$23,138,172$21,466,763$28,606,855
77$32,616,565$24,211,947$22,125,905$30,848,339
78$35,881,570$25,336,448$22,805,238$33,291,371
79$39,477,656$26,514,100$23,505,379$35,955,371
80$43,438,532$27,747,446$24,226,965$38,861,689
81$47,801,344$29,039,151$24,970,649$42,033,800
82$52,607,022$30,392,011$25,737,107$45,497,519
83$57,900,673$31,808,955$26,527,035$49,281,239
84$63,732,000$33,293,052$27,341,149$53,416,187
85$70,155,774$34,847,522$28,180,188$57,936,714
86$77,232,352$36,475,738$29,044,912$62,880,608
87$85,028,241$38,181,239$29,936,107$68,289,446
88$93,616,735$39,967,733$30,854,579$74,208,971
89$103,078,597$41,839,107$31,801,162$80,689,520
90$113,502,826$43,799,436$32,776,714$87,786,486
91$124,987,499$45,852,992$33,782,118$95,560,829
92$137,640,691$48,004,256$34,818,286$104,079,643
93$151,581,499$50,257,923$35,886,157$113,416,776
94$166,941,166$52,618,915$36,986,697$123,653,514
95$183,864,317$55,092,393$38,120,903$134,879,338
96$202,510,326$57,683,770$39,289,802$147,192,753
97$223,054,822$60,398,717$40,494,453$160,702,205
98$245,691,342$63,243,182$41,735,946$175,527,090
99$270,633,162$66,223,402$43,015,403$191,798,865
100$298,115,310$69,345,913$44,333,984$209,662,273