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%16.3%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,452,758
2 years$764,470$750,232$736,434$723,055$710,078$671,640
3 years$504,584$490,285$476,521$463,268$450,503$413,236
4 years$374,667$360,411$346,785$333,759$321,302$285,492
5 years$296,736$282,567$269,120$256,359$244,249$209,995
6 years$244,800$230,737$217,489$205,012$193,266$160,602
7 years$207,717$193,773$180,734$168,552$157,177$126,106
8 years$179,918$166,099$153,277$141,394$130,393$100,901
9 years$158,307$144,619$132,017$120,436$109,810$81,870
10 years$141,029$127,475$115,096$103,817$93,564$67,142
11 years$126,902$113,483$101,328$90,352$80,468$55,525
12 years$115,137$101,856$89,926$79,251$69,732$46,224
13 years$105,190$92,048$80,343$69,967$60,807$38,687
14 years$96,672$83,669$72,189$62,109$53,303$32,520
15 years$89,296$76,434$65,177$55,390$46,933$27,434
16 years$82,848$70,126$59,092$49,596$41,479$23,212
17 years$77,165$64,584$53,772$44,561$36,778$19,688
18 years$72,119$59,678$49,087$40,159$32,702$16,734
19 years$67,609$55,309$44,936$36,287$29,148$14,248
20 years$63,555$51,396$41,240$32,865$26,035$12,148
21 years$59,893$47,873$37,933$29,827$23,299$10,371
22 years$56,567$44,688$34,961$27,119$20,884$8,863
23 years$53,535$41,796$32,281$24,698$18,747$7,581
24 years$50,760$39,160$29,854$22,526$16,850$6,489
25 years$48,211$36,750$27,651$20,572$15,162$5,559
26 years$45,862$34,539$25,645$18,810$13,658$4,764
27 years$43,691$32,505$23,813$17,217$12,314$4,085
28 years$41,678$30,629$22,138$15,775$11,111$3,504
29 years$39,808$28,895$20,601$14,466$10,033$3,006
30 years$38,065$27,288$19,189$13,276$9,065$2,580
31 years$36,438$25,797$17,889$12,193$8,196$2,215
32 years$34,916$24,409$16,691$11,206$7,414$1,902
33 years$33,489$23,116$15,585$10,305$6,709$1,634
34 years$32,149$21,908$14,561$9,481$6,075$1,404
35 years$30,888$20,780$13,614$8,728$5,502$1,206
36 years$29,700$19,723$12,735$8,038$4,985$1,036
37 years$28,579$18,732$11,920$7,406$4,518$890
38 years$27,519$17,802$11,163$6,826$4,096$765
39 years$26,516$16,928$10,458$6,294$3,714$658
40 years$25,566$16,106$9,802$5,806$3,369$565
41 years$24,664$15,331$9,192$5,356$3,057$486
42 years$23,808$14,601$8,622$4,943$2,774$418
43 years$22,993$13,912$8,091$4,563$2,517$359
44 years$22,218$13,261$7,594$4,213$2,285$309
45 years$21,480$12,645$7,131$3,891$2,074$265
46 years$20,775$12,063$6,698$3,594$1,883$228
47 years$20,103$11,512$6,292$3,321$1,710$196
48 years$19,460$10,990$5,913$3,068$1,553$169
49 years$18,846$10,495$5,558$2,836$1,410$145
50 years$18,258$10,025$5,225$2,621$1,281$125

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 $5,821 every year, while hoping to spend $26,891 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: 51/23/26 Blend
71$18,700,000$18,700,000$18,700,000$18,700,000
72$20,613,404$19,622,304$19,332,454$21,513,810
73$22,687,360$20,555,185$19,951,480$23,073,322
74$24,971,957$21,532,876$20,590,341$24,764,932
75$27,488,654$22,557,545$21,249,675$26,603,824
76$30,261,095$23,631,463$21,930,137$28,604,012
77$33,315,336$24,757,013$22,632,406$30,780,896
78$36,680,089$25,936,696$23,357,181$33,151,404
79$40,386,995$27,173,130$24,105,182$35,734,145
80$44,470,919$28,469,065$24,877,157$38,549,578
81$48,970,284$29,827,380$25,673,873$41,620,197
82$53,927,429$31,251,097$26,496,123$44,970,742
83$59,389,011$32,743,386$27,344,728$48,628,419
84$65,406,445$34,307,567$28,220,532$52,623,154
85$72,036,391$35,947,125$29,124,407$56,987,864
86$79,341,283$37,665,715$30,057,255$61,758,763
87$87,389,925$39,467,166$31,020,004$66,975,694
88$96,258,137$41,355,497$32,013,614$72,682,498
89$106,029,472$43,334,921$33,039,075$78,927,414
90$116,796,002$45,409,857$34,097,409$85,763,530
91$128,659,192$47,584,937$35,189,670$93,249,273
92$141,730,852$49,865,022$36,316,946$101,448,948
93$156,134,197$52,255,206$37,480,361$110,433,333
94$172,005,007$54,760,833$38,681,075$120,280,343
95$189,492,911$57,387,507$39,920,285$131,075,745
96$208,762,798$60,141,104$41,199,224$142,913,960
97$229,996,374$63,027,789$42,519,169$155,898,939
98$253,393,878$66,054,025$43,881,435$170,145,135
99$279,175,970$69,226,588$45,287,380$185,778,563
100$307,585,817$72,552,589$46,738,405$202,937,980