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

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,489,690
2 years$768,558$754,244$740,372$726,922$713,875$704,345
3 years$507,282$492,907$479,070$465,746$452,912$443,595
4 years$376,670$362,339$348,640$335,544$323,021$313,988
5 years$298,323$284,078$270,559$257,730$245,555$236,834
6 years$246,109$231,971$218,652$206,108$194,299$185,900
7 years$208,828$194,809$181,701$169,453$158,017$149,945
8 years$180,880$166,987$154,097$142,150$131,091$123,345
9 years$159,154$145,392$132,723$121,080$110,397$102,976
10 years$141,783$128,156$115,711$104,372$94,064$86,964
11 years$127,580$114,090$101,870$90,835$80,898$74,114
12 years$115,753$102,401$90,407$79,675$70,105$63,631
13 years$105,753$92,541$80,773$70,341$61,133$54,963
14 years$97,189$84,117$72,575$62,441$53,589$47,715
15 years$89,773$76,842$65,525$55,686$47,184$41,599
16 years$83,291$70,501$59,408$49,861$41,701$36,397
17 years$77,577$64,929$54,059$44,800$36,975$31,943
18 years$72,504$59,997$49,349$40,373$32,876$28,108
19 years$67,971$55,605$45,177$36,481$29,303$24,789
20 years$63,895$51,671$41,461$33,040$26,174$21,906
21 years$60,213$48,129$38,136$29,986$23,423$19,391
22 years$56,870$44,927$35,148$27,264$20,996$17,190
23 years$53,822$42,019$32,453$24,830$18,847$15,259
24 years$51,032$39,369$30,014$22,647$16,940$13,561
25 years$48,469$36,946$27,799$20,682$15,243$12,064
26 years$46,108$34,723$25,782$18,911$13,731$10,741
27 years$43,925$32,679$23,941$17,309$12,379$9,572
28 years$41,901$30,793$22,256$15,859$11,170$8,535
29 years$40,021$29,050$20,711$14,543$10,086$7,616
30 years$38,269$27,434$19,292$13,347$9,114$6,799
31 years$36,633$25,935$17,985$12,258$8,240$6,073
32 years$35,103$24,539$16,780$11,266$7,453$5,427
33 years$33,668$23,239$15,668$10,360$6,745$4,851
34 years$32,321$22,026$14,639$9,532$6,107$4,338
35 years$31,053$20,891$13,687$8,775$5,531$3,881
36 years$29,859$19,828$12,804$8,081$5,012$3,472
37 years$28,732$18,833$11,984$7,446$4,542$3,108
38 years$27,666$17,898$11,222$6,863$4,118$2,782
39 years$26,658$17,019$10,514$6,328$3,734$2,491
40 years$25,703$16,192$9,855$5,837$3,387$2,231
41 years$24,796$15,413$9,241$5,385$3,073$1,998
42 years$23,935$14,679$8,668$4,970$2,788$1,790
43 years$23,116$13,986$8,134$4,588$2,531$1,603
44 years$22,337$13,332$7,635$4,236$2,297$1,437
45 years$21,594$12,713$7,169$3,912$2,085$1,287
46 years$20,886$12,128$6,733$3,614$1,893$1,154
47 years$20,210$11,574$6,326$3,338$1,719$1,034
48 years$19,564$11,049$5,945$3,085$1,561$927
49 years$18,946$10,551$5,588$2,851$1,418$831
50 years$18,355$10,079$5,253$2,635$1,288$745

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 $3,780 every year, while hoping to spend $56,417 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: 63/19/18 Blend
71$18,800,000$18,800,000$18,800,000$18,800,000
72$20,721,499$19,725,099$19,433,699$21,932,458
73$22,775,065$20,631,602$20,024,701$23,653,874
74$25,036,203$21,580,632$20,633,610$25,526,269
75$27,526,027$22,574,214$21,260,968$27,569,748
76$30,267,802$23,614,471$21,907,330$29,800,989
77$33,287,162$24,703,624$22,573,269$32,238,339
78$36,612,356$25,844,005$23,259,378$34,901,985
79$40,274,512$27,038,057$23,966,263$37,814,137
80$44,307,931$28,288,340$24,694,551$40,999,237
81$48,750,409$29,597,538$25,444,887$44,484,180
82$53,643,596$30,968,463$26,217,936$48,298,566
83$59,033,388$32,404,063$27,014,383$52,474,975
84$64,970,361$33,907,430$27,834,932$57,049,266
85$71,510,246$35,481,802$28,680,310$62,060,912
86$78,714,456$37,130,574$29,551,265$67,553,365
87$86,650,665$38,857,307$30,448,567$73,574,463
88$95,393,448$40,665,731$31,373,009$80,176,871
89$105,024,984$42,559,756$32,325,410$87,418,575
90$115,635,832$44,543,483$33,306,610$95,363,418
91$127,325,782$46,621,209$34,317,477$104,081,701
92$140,204,803$48,797,439$35,358,903$113,650,834
93$154,394,075$51,076,896$36,431,809$124,156,061
94$170,027,137$53,464,531$37,537,141$135,691,255
95$187,251,144$55,965,532$38,675,875$148,359,796
96$206,228,260$58,585,342$39,849,015$162,275,540
97$227,137,182$61,329,664$41,057,597$177,563,878
98$250,174,834$64,204,477$42,302,686$194,362,918
99$275,558,221$67,216,050$43,585,380$212,824,772
100$303,526,478$70,370,955$44,906,809$233,116,981