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

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,450,411
2 years$764,470$750,232$736,434$723,055$710,078$669,317
3 years$504,584$490,285$476,521$463,268$450,503$411,011
4 years$374,667$360,411$346,785$333,759$321,302$283,382
5 years$296,736$282,567$269,120$256,359$244,249$208,005
6 years$244,800$230,737$217,489$205,012$193,266$158,733
7 years$207,717$193,773$180,734$168,552$157,177$124,356
8 years$179,918$166,099$153,277$141,394$130,393$99,267
9 years$158,307$144,619$132,017$120,436$109,810$80,350
10 years$141,029$127,475$115,096$103,817$93,564$65,731
11 years$126,902$113,483$101,328$90,352$80,468$54,219
12 years$115,137$101,856$89,926$79,251$69,732$45,018
13 years$105,190$92,048$80,343$69,967$60,807$37,577
14 years$96,672$83,669$72,189$62,109$53,303$31,500
15 years$89,296$76,434$65,177$55,390$46,933$26,499
16 years$82,848$70,126$59,092$49,596$41,479$22,357
17 years$77,165$64,584$53,772$44,561$36,778$18,908
18 years$72,119$59,678$49,087$40,159$32,702$16,023
19 years$67,609$55,309$44,936$36,287$29,148$13,602
20 years$63,555$51,396$41,240$32,865$26,035$11,562
21 years$59,893$47,873$37,933$29,827$23,299$9,840
22 years$56,567$44,688$34,961$27,119$20,884$8,384
23 years$53,535$41,796$32,281$24,698$18,747$7,148
24 years$50,760$39,160$29,854$22,526$16,850$6,100
25 years$48,211$36,750$27,651$20,572$15,162$5,208
26 years$45,862$34,539$25,645$18,810$13,658$4,449
27 years$43,691$32,505$23,813$17,217$12,314$3,802
28 years$41,678$30,629$22,138$15,775$11,111$3,251
29 years$39,808$28,895$20,601$14,466$10,033$2,780
30 years$38,065$27,288$19,189$13,276$9,065$2,379
31 years$36,438$25,797$17,889$12,193$8,196$2,035
32 years$34,916$24,409$16,691$11,206$7,414$1,742
33 years$33,489$23,116$15,585$10,305$6,709$1,491
34 years$32,149$21,908$14,561$9,481$6,075$1,277
35 years$30,888$20,780$13,614$8,728$5,502$1,093
36 years$29,700$19,723$12,735$8,038$4,985$936
37 years$28,579$18,732$11,920$7,406$4,518$802
38 years$27,519$17,802$11,163$6,826$4,096$687
39 years$26,516$16,928$10,458$6,294$3,714$588
40 years$25,566$16,106$9,802$5,806$3,369$504
41 years$24,664$15,331$9,192$5,356$3,057$432
42 years$23,808$14,601$8,622$4,943$2,774$370
43 years$22,993$13,912$8,091$4,563$2,517$317
44 years$22,218$13,261$7,594$4,213$2,285$271
45 years$21,480$12,645$7,131$3,891$2,074$233
46 years$20,775$12,063$6,698$3,594$1,883$199
47 years$20,103$11,512$6,292$3,321$1,710$171
48 years$19,460$10,990$5,913$3,068$1,553$146
49 years$18,846$10,495$5,558$2,836$1,410$125
50 years$18,258$10,025$5,225$2,621$1,281$107

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 $3,271 every year, while hoping to spend $59,478 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: 56/38/6 Blend
71$18,700,000$18,700,000$18,700,000$18,700,000
72$20,610,774$19,619,674$19,329,824$21,738,495
73$22,649,789$20,517,754$19,914,089$23,396,218
74$24,894,790$21,457,846$20,515,933$25,193,868
75$27,366,724$22,441,947$21,135,883$27,150,233
76$30,088,676$23,472,147$21,774,481$29,280,427
77$33,086,078$24,550,640$22,432,283$31,601,053
78$36,386,958$25,679,722$23,109,865$34,130,359
79$40,022,201$26,861,801$23,807,818$36,888,401
80$44,025,837$28,099,401$24,526,752$39,897,225
81$48,435,367$29,395,166$25,267,293$43,181,066
82$53,292,114$30,751,870$26,030,087$46,766,570
83$58,641,615$32,172,416$26,815,800$50,683,039
84$64,534,046$33,659,851$27,625,115$54,962,694
85$71,024,701$35,217,366$28,458,739$59,640,975
86$78,174,511$36,848,307$29,317,397$64,756,862
87$86,050,618$38,556,181$30,201,837$70,353,234
88$94,727,010$40,344,663$31,112,828$76,477,264
89$104,285,221$42,217,607$32,051,163$83,180,852
90$114,815,094$44,179,051$33,017,658$90,521,105
91$126,415,637$46,233,228$34,013,153$98,560,862
92$139,195,952$48,384,576$35,038,514$107,369,274
93$153,276,266$50,637,746$36,094,630$117,022,445
94$168,789,064$52,997,615$37,182,420$127,604,136
95$185,880,345$55,469,295$38,302,827$139,206,542
96$204,710,992$58,058,142$39,456,824$151,931,143
97$225,458,297$60,769,775$40,645,411$165,889,652
98$248,317,631$63,610,082$41,869,620$181,205,046
99$273,504,289$66,585,235$43,130,512$198,012,717
100$301,255,521$69,701,706$44,429,178$216,461,722