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

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 $18,400,000?

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%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,419,139
2 years$752,205$738,196$724,619$711,455$698,687$650,683
3 years$496,489$482,419$468,877$455,836$443,275$396,877
4 years$368,656$354,629$341,222$328,404$316,148$271,711
5 years$291,976$278,034$264,802$252,246$240,331$197,973
6 years$240,873$227,035$214,000$201,723$190,165$149,923
7 years$204,385$190,664$177,835$165,848$154,655$116,522
8 years$177,031$163,434$150,818$139,126$128,302$92,251
9 years$155,768$142,299$129,899$118,504$108,048$74,037
10 years$138,767$125,430$113,249$102,152$92,063$60,038
11 years$124,866$111,663$99,703$88,903$79,177$49,078
12 years$113,290$100,222$88,484$77,980$68,613$40,374
13 years$103,503$90,572$79,054$68,844$59,832$33,382
14 years$95,121$82,327$71,031$61,112$52,448$27,714
15 years$87,863$75,207$64,131$54,501$46,180$23,085
16 years$81,519$69,001$58,144$48,800$40,814$19,281
17 years$75,927$63,548$52,909$43,846$36,188$16,141
18 years$70,962$58,721$48,299$39,514$32,177$13,537
19 years$66,524$54,422$44,216$35,705$28,680$11,370
20 years$62,536$50,571$40,579$32,337$25,617$9,563
21 years$58,932$47,105$37,325$29,348$22,925$8,051
22 years$55,660$43,971$34,400$26,684$20,549$6,785
23 years$52,677$41,125$31,763$24,302$18,446$5,722
24 years$49,946$38,532$29,375$22,165$16,580$4,828
25 years$47,438$36,160$27,207$20,242$14,919$4,077
26 years$45,127$33,985$25,233$18,508$13,439$3,443
27 years$42,990$31,984$23,431$16,941$12,116$2,910
28 years$41,010$30,138$21,783$15,522$10,932$2,459
29 years$39,169$28,432$20,270$14,234$9,872$2,079
30 years$37,454$26,851$18,881$13,063$8,920$1,759
31 years$35,854$25,383$17,602$11,997$8,064$1,488
32 years$34,356$24,017$16,423$11,026$7,295$1,258
33 years$32,952$22,745$15,335$10,139$6,602$1,065
34 years$31,633$21,557$14,328$9,329$5,977$901
35 years$30,392$20,446$13,395$8,588$5,414$763
36 years$29,223$19,407$12,531$7,909$4,905$645
37 years$28,120$18,432$11,729$7,287$4,446$546
38 years$27,078$17,517$10,984$6,717$4,030$462
39 years$26,091$16,657$10,290$6,193$3,655$391
40 years$25,156$15,848$9,645$5,712$3,315$331
41 years$24,269$15,085$9,044$5,270$3,008$280
42 years$23,426$14,367$8,484$4,864$2,729$237
43 years$22,625$13,689$7,961$4,490$2,477$201
44 years$21,862$13,048$7,473$4,146$2,248$170
45 years$21,135$12,443$7,017$3,829$2,041$144
46 years$20,442$11,870$6,590$3,537$1,853$122
47 years$19,780$11,327$6,191$3,267$1,683$103
48 years$19,148$10,813$5,818$3,019$1,528$87
49 years$18,543$10,326$5,469$2,790$1,388$74
50 years$17,965$9,864$5,141$2,579$1,261$63

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 $6,237 every year, while hoping to spend $40,799 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: 36/44/20 Blend
71$18,400,000$18,400,000$18,400,000$18,400,000
72$20,283,233$19,308,033$19,022,833$20,890,182
73$22,308,713$20,210,717$19,616,689$22,236,362
74$24,539,425$21,156,265$20,229,070$23,684,425
75$26,996,259$22,146,734$20,860,557$25,246,881
76$29,702,234$23,184,282$21,511,743$26,933,981
77$32,682,719$24,271,168$22,183,243$28,756,958
78$35,965,665$25,409,764$22,875,690$30,728,128
79$39,581,875$26,602,554$23,589,737$32,860,993
80$43,565,291$27,852,144$24,326,058$35,170,359
81$47,953,316$29,161,265$25,085,347$37,672,469
82$52,787,167$30,532,781$25,868,319$40,385,146
83$58,112,264$31,969,692$26,675,714$43,327,945
84$63,978,656$33,475,148$27,508,291$46,522,333
85$70,441,497$35,052,448$28,366,837$49,991,876
86$77,561,563$36,705,052$29,252,159$53,762,450
87$85,405,830$38,436,587$30,165,094$57,862,471
88$94,048,101$40,250,856$31,106,501$62,323,153
89$103,569,706$42,151,847$32,077,268$67,178,785
90$114,060,269$44,143,740$33,078,309$72,467,040
91$125,618,553$46,230,920$34,110,569$78,229,320
92$138,353,392$48,417,982$35,175,020$84,511,123
93$152,384,720$50,709,744$36,272,664$91,362,460
94$167,844,700$53,111,261$37,404,537$98,838,311
95$184,878,975$55,627,829$38,571,706$106,999,120
96$203,648,042$58,265,003$39,775,269$115,911,351
97$224,328,762$61,028,609$41,016,361$125,648,091
98$247,116,038$63,924,752$42,296,151$136,289,723
99$272,224,647$66,959,838$43,615,844$147,924,658
100$299,891,271$70,140,580$44,976,685$160,650,149