Can I retire at age 72 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,443,431
2 years$764,470$750,232$736,434$723,055$710,078$662,428
3 years$504,584$490,285$476,521$463,268$450,503$404,431
4 years$374,667$360,411$346,785$333,759$321,302$277,162
5 years$296,736$282,567$269,120$256,359$244,249$202,158
6 years$244,800$230,737$217,489$205,012$193,266$153,260
7 years$207,717$193,773$180,734$168,552$157,177$119,252
8 years$179,918$166,099$153,277$141,394$130,393$94,523
9 years$158,307$144,619$132,017$120,436$109,810$75,954
10 years$141,029$127,475$115,096$103,817$93,564$61,670
11 years$126,902$113,483$101,328$90,352$80,468$50,478
12 years$115,137$101,856$89,926$79,251$69,732$41,581
13 years$105,190$92,048$80,343$69,967$60,807$34,426
14 years$96,672$83,669$72,189$62,109$53,303$28,621
15 years$89,296$76,434$65,177$55,390$46,933$23,874
16 years$82,848$70,126$59,092$49,596$41,479$19,969
17 years$77,165$64,584$53,772$44,561$36,778$16,741
18 years$72,119$59,678$49,087$40,159$32,702$14,061
19 years$67,609$55,309$44,936$36,287$29,148$11,828
20 years$63,555$51,396$41,240$32,865$26,035$9,963
21 years$59,893$47,873$37,933$29,827$23,299$8,401
22 years$56,567$44,688$34,961$27,119$20,884$7,091
23 years$53,535$41,796$32,281$24,698$18,747$5,989
24 years$50,760$39,160$29,854$22,526$16,850$5,062
25 years$48,211$36,750$27,651$20,572$15,162$4,281
26 years$45,862$34,539$25,645$18,810$13,658$3,622
27 years$43,691$32,505$23,813$17,217$12,314$3,065
28 years$41,678$30,629$22,138$15,775$11,111$2,595
29 years$39,808$28,895$20,601$14,466$10,033$2,198
30 years$38,065$27,288$19,189$13,276$9,065$1,862
31 years$36,438$25,797$17,889$12,193$8,196$1,577
32 years$34,916$24,409$16,691$11,206$7,414$1,337
33 years$33,489$23,116$15,585$10,305$6,709$1,133
34 years$32,149$21,908$14,561$9,481$6,075$960
35 years$30,888$20,780$13,614$8,728$5,502$814
36 years$29,700$19,723$12,735$8,038$4,985$690
37 years$28,579$18,732$11,920$7,406$4,518$585
38 years$27,519$17,802$11,163$6,826$4,096$496
39 years$26,516$16,928$10,458$6,294$3,714$421
40 years$25,566$16,106$9,802$5,806$3,369$357
41 years$24,664$15,331$9,192$5,356$3,057$302
42 years$23,808$14,601$8,622$4,943$2,774$257
43 years$22,993$13,912$8,091$4,563$2,517$218
44 years$22,218$13,261$7,594$4,213$2,285$184
45 years$21,480$12,645$7,131$3,891$2,074$156
46 years$20,775$12,063$6,698$3,594$1,883$133
47 years$20,103$11,512$6,292$3,321$1,710$113
48 years$19,460$10,990$5,913$3,068$1,553$95
49 years$18,846$10,495$5,558$2,836$1,410$81
50 years$18,258$10,025$5,225$2,621$1,281$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $18,700,000, adding $2,748 every year, while hoping to spend $38,833 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: 73/20/7 Blend
71$18,700,000$18,700,000$18,700,000$18,700,000
72$20,610,235$19,619,135$19,329,285$22,094,335
73$22,671,160$20,539,154$19,935,498$23,992,968
74$24,940,999$21,502,953$20,560,717$26,066,512
75$27,441,019$22,512,636$21,205,539$28,336,275
76$30,194,656$23,570,408$21,870,578$30,821,619
77$33,227,736$24,678,583$22,556,467$33,543,850
78$36,568,716$25,839,585$23,263,860$36,526,417
79$40,248,957$27,055,956$23,993,431$39,795,130
80$44,303,014$28,330,361$24,745,874$43,378,399
81$48,768,968$29,665,596$25,521,908$47,307,495
82$53,688,782$31,064,589$26,322,270$51,616,843
83$59,108,696$32,530,412$27,147,725$56,344,343
84$65,079,666$34,066,285$27,999,057$61,531,720
85$71,657,844$35,675,586$28,877,078$67,224,911
86$78,905,109$37,361,854$29,782,624$73,474,500
87$86,889,646$39,128,801$30,716,558$80,336,181
88$95,686,598$40,980,319$31,679,770$87,871,282
89$105,378,765$42,920,490$32,673,178$96,147,339
90$116,057,396$44,953,591$33,697,726$105,238,721
91$127,823,043$47,084,109$34,754,392$115,227,331
92$140,786,511$49,316,748$35,844,181$126,203,368
93$155,069,906$51,656,439$36,968,133$138,266,171
94$170,807,787$54,108,356$38,127,316$151,525,150
95$188,148,436$56,677,920$39,322,836$166,100,809
96$207,255,257$59,370,818$40,555,831$182,125,876
97$228,308,317$62,193,012$41,827,475$199,746,544
98$251,506,049$65,150,753$43,138,979$219,123,843
99$277,067,124$68,250,598$44,491,593$240,435,153
100$305,232,513$71,499,420$45,886,604$263,875,859