Can I retire at age 72 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,443,660
2 years$756,293$742,208$728,557$715,322$702,484$670,846
3 years$499,187$485,041$471,425$458,314$445,685$414,952
4 years$370,659$356,557$343,077$330,189$317,866$288,275
5 years$293,563$279,545$266,242$253,617$241,637$213,271
6 years$242,182$228,269$215,163$202,820$191,199$164,089
7 years$205,496$191,700$178,801$166,749$155,496$129,647
8 years$177,994$164,322$151,638$139,882$128,999$104,402
9 years$156,614$143,072$130,605$119,148$108,636$85,274
10 years$139,521$126,111$113,865$102,707$92,563$70,412
11 years$125,544$112,269$100,245$89,386$79,607$58,639
12 years$113,906$100,767$88,965$78,403$68,986$49,168
13 years$104,065$91,064$79,484$69,218$60,157$41,455
14 years$95,638$82,775$71,417$61,444$52,733$35,110
15 years$88,341$75,616$64,480$54,798$46,431$29,847
16 years$81,962$69,376$58,460$49,065$41,036$25,452
17 years$76,340$63,893$53,197$44,085$36,385$21,761
18 years$71,347$59,040$48,562$39,729$32,352$18,646
19 years$66,886$54,718$44,456$35,899$28,836$16,006
20 years$62,876$50,846$40,799$32,513$25,757$13,762
21 years$59,252$47,361$37,528$29,508$23,049$11,848
22 years$55,962$44,210$34,587$26,829$20,660$10,212
23 years$52,963$41,349$31,935$24,434$18,546$8,810
24 years$50,218$38,741$29,535$22,285$16,670$7,608
25 years$47,696$36,357$27,355$20,352$15,000$6,574
26 years$45,372$34,169$25,371$18,609$13,512$5,684
27 years$43,224$32,157$23,559$17,033$12,182$4,917
28 years$41,232$30,302$21,901$15,606$10,992$4,256
29 years$39,382$28,586$20,381$14,311$9,925$3,685
30 years$37,658$26,997$18,984$13,134$8,968$3,192
31 years$36,048$25,521$17,698$12,063$8,108$2,765
32 years$34,543$24,148$16,513$11,086$7,334$2,396
33 years$33,131$22,868$15,418$10,194$6,638$2,077
34 years$31,805$21,674$14,406$9,380$6,010$1,801
35 years$30,558$20,557$13,468$8,635$5,443$1,562
36 years$29,382$19,512$12,599$7,952$4,932$1,354
37 years$28,273$18,532$11,793$7,327$4,470$1,175
38 years$27,225$17,612$11,043$6,753$4,052$1,019
39 years$26,233$16,747$10,346$6,227$3,675$884
40 years$25,292$15,934$9,698$5,743$3,333$767
41 years$24,400$15,167$9,093$5,299$3,024$665
42 years$23,553$14,445$8,530$4,890$2,744$577
43 years$22,748$13,763$8,004$4,514$2,490$501
44 years$21,981$13,119$7,513$4,168$2,260$435
45 years$21,250$12,510$7,055$3,850$2,052$377
46 years$20,553$11,934$6,626$3,556$1,863$327
47 years$19,888$11,389$6,225$3,285$1,692$284
48 years$19,252$10,872$5,850$3,036$1,536$247
49 years$18,644$10,382$5,498$2,805$1,395$214
50 years$18,062$9,918$5,169$2,593$1,267$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $18,500,000, adding $6,260 every year, while hoping to spend $57,076 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: 47/25/28 Blend
71$18,500,000$18,500,000$18,500,000$18,500,000
72$20,393,457$19,412,957$19,126,207$21,187,928
73$22,412,861$20,303,464$19,706,207$22,639,908
74$24,636,332$21,235,692$20,303,723$24,209,051
75$27,084,623$22,211,626$20,919,283$25,911,326
76$29,780,605$23,233,346$21,553,429$27,759,280
77$32,749,477$24,303,031$22,206,720$29,766,697
78$36,019,009$25,422,964$22,879,730$31,948,728
79$39,619,799$26,595,541$23,573,052$34,322,018
80$43,585,565$27,823,269$24,287,296$36,904,867
81$47,953,463$29,108,779$25,023,091$39,717,391
82$52,764,435$30,454,828$25,781,083$42,781,705
83$58,063,597$31,864,305$26,561,939$46,122,128
84$63,900,665$33,340,237$27,366,345$49,765,403
85$70,330,423$34,885,799$28,195,008$53,740,942
86$77,413,242$36,504,318$29,048,656$58,081,095
87$85,215,645$38,199,282$29,928,038$62,821,450
88$93,810,939$39,974,346$30,833,927$68,001,159
89$103,279,908$41,833,341$31,767,116$73,663,297
90$113,711,570$43,780,286$32,728,426$79,855,260
91$125,204,020$45,819,390$33,718,698$86,629,205
92$137,865,357$47,955,067$34,738,801$94,042,530
93$151,814,702$50,191,944$35,789,630$102,158,403
94$167,183,323$52,534,871$36,872,104$111,046,353
95$184,115,874$54,988,932$37,987,172$120,782,910
96$202,771,761$57,559,457$39,135,810$131,452,316
97$223,326,645$60,252,035$40,319,023$143,147,311
98$245,974,099$63,072,521$41,537,847$155,969,990
99$270,927,441$66,027,058$42,793,349$170,032,757
100$298,421,739$69,122,083$44,086,625$185,459,370