Can I retire at age 72 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,490,941
2 years$768,558$754,244$740,372$726,922$713,875$705,604
3 years$507,282$492,907$479,070$465,746$452,912$444,822
4 years$376,670$362,339$348,640$335,544$323,021$315,175
5 years$298,323$284,078$270,559$257,730$245,555$237,977
6 years$246,109$231,971$218,652$206,108$194,299$186,998
7 years$208,828$194,809$181,701$169,453$158,017$150,997
8 years$180,880$166,987$154,097$142,150$131,091$124,351
9 years$159,154$145,392$132,723$121,080$110,397$103,938
10 years$141,783$128,156$115,711$104,372$94,064$87,881
11 years$127,580$114,090$101,870$90,835$80,898$74,987
12 years$115,753$102,401$90,407$79,675$70,105$64,461
13 years$105,753$92,541$80,773$70,341$61,133$55,751
14 years$97,189$84,117$72,575$62,441$53,589$48,462
15 years$89,773$76,842$65,525$55,686$47,184$42,307
16 years$83,291$70,501$59,408$49,861$41,701$37,066
17 years$77,577$64,929$54,059$44,800$36,975$32,575
18 years$72,504$59,997$49,349$40,373$32,876$28,705
19 years$67,971$55,605$45,177$36,481$29,303$25,352
20 years$63,895$51,671$41,461$33,040$26,174$22,435
21 years$60,213$48,129$38,136$29,986$23,423$19,888
22 years$56,870$44,927$35,148$27,264$20,996$17,658
23 years$53,822$42,019$32,453$24,830$18,847$15,698
24 years$51,032$39,369$30,014$22,647$16,940$13,972
25 years$48,469$36,946$27,799$20,682$15,243$12,449
26 years$46,108$34,723$25,782$18,911$13,731$11,101
27 years$43,925$32,679$23,941$17,309$12,379$9,908
28 years$41,901$30,793$22,256$15,859$11,170$8,849
29 years$40,021$29,050$20,711$14,543$10,086$7,909
30 years$38,269$27,434$19,292$13,347$9,114$7,072
31 years$36,633$25,935$17,985$12,258$8,240$6,327
32 years$35,103$24,539$16,780$11,266$7,453$5,663
33 years$33,668$23,239$15,668$10,360$6,745$5,071
34 years$32,321$22,026$14,639$9,532$6,107$4,542
35 years$31,053$20,891$13,687$8,775$5,531$4,070
36 years$29,859$19,828$12,804$8,081$5,012$3,648
37 years$28,732$18,833$11,984$7,446$4,542$3,270
38 years$27,666$17,898$11,222$6,863$4,118$2,932
39 years$26,658$17,019$10,514$6,328$3,734$2,630
40 years$25,703$16,192$9,855$5,837$3,387$2,359
41 years$24,796$15,413$9,241$5,385$3,073$2,117
42 years$23,935$14,679$8,668$4,970$2,788$1,899
43 years$23,116$13,986$8,134$4,588$2,531$1,705
44 years$22,337$13,332$7,635$4,236$2,297$1,530
45 years$21,594$12,713$7,169$3,912$2,085$1,373
46 years$20,886$12,128$6,733$3,614$1,893$1,233
47 years$20,210$11,574$6,326$3,338$1,719$1,107
48 years$19,564$11,049$5,945$3,085$1,561$994
49 years$18,946$10,551$5,588$2,851$1,418$892
50 years$18,355$10,079$5,253$2,635$1,288$801

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $18,800,000, adding $4,834 every year, while hoping to spend $24,449 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: 58/32/10 Blend
71$18,800,000$18,800,000$18,800,000$18,800,000
72$20,722,586$19,726,186$19,434,786$21,874,930
73$22,810,277$20,666,756$20,059,838$23,592,051
74$25,110,092$21,652,594$20,705,010$25,459,670
75$27,643,643$22,685,893$21,370,949$27,494,763
76$30,434,744$23,768,951$22,058,326$29,713,393
77$33,509,639$24,904,181$22,767,831$32,133,214
78$36,897,245$26,094,108$23,500,176$34,773,632
79$40,629,430$27,341,386$24,256,098$37,655,981
80$44,741,311$28,648,793$25,036,356$40,803,718
81$49,271,586$30,019,245$25,841,735$44,242,637
82$54,262,898$31,455,798$26,673,044$48,001,104
83$59,762,241$32,961,660$27,531,118$52,110,319
84$65,821,400$34,540,191$28,416,821$56,604,597
85$72,497,440$36,194,918$29,331,042$61,521,688
86$79,853,248$37,929,538$30,274,700$66,903,124
87$87,958,121$39,747,928$31,248,745$72,794,595
88$96,888,427$41,654,153$32,254,155$79,246,379
89$106,728,319$43,652,479$33,291,942$86,313,800
90$117,570,534$45,747,378$34,363,149$94,057,740
91$129,517,267$47,943,537$35,468,853$102,545,204
92$142,681,135$50,245,877$36,610,165$111,849,937
93$157,186,240$52,659,554$37,788,235$122,053,112
94$173,169,341$55,189,978$39,004,246$133,244,078
95$190,781,148$57,842,820$40,259,422$145,521,192
96$210,187,738$60,624,031$41,555,026$158,992,732
97$231,572,127$63,539,849$42,892,359$173,777,904
98$255,135,999$66,596,817$44,272,769$190,007,952
99$281,101,608$69,801,797$45,697,642$207,827,378
100$309,713,872$73,161,986$47,168,414$227,395,289