Can I retire at age 72 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,479,067
2 years$784,910$770,292$756,124$742,388$729,064$677,229
3 years$518,075$503,394$489,263$475,655$462,548$412,473
4 years$384,684$370,048$356,058$342,683$329,893$281,961
5 years$304,671$290,122$276,316$263,213$250,780$205,117
6 years$251,346$236,907$223,304$210,494$198,433$155,077
7 years$213,271$198,954$185,567$173,059$161,380$120,322
8 years$184,728$170,540$157,375$145,175$133,880$95,090
9 years$162,540$148,486$135,547$123,656$112,746$76,176
10 years$144,800$130,883$118,173$106,593$96,065$61,656
11 years$130,295$116,517$104,038$92,768$82,619$50,303
12 years$118,216$104,580$92,331$81,370$71,596$41,300
13 years$108,003$94,510$82,492$71,837$62,433$34,078
14 years$99,257$85,907$74,119$63,769$54,729$28,232
15 years$91,683$78,477$66,919$56,871$48,187$23,467
16 years$85,063$72,001$60,672$50,922$42,588$19,558
17 years$79,228$66,311$55,209$45,753$37,762$16,336
18 years$74,047$61,274$50,399$41,233$33,576$13,670
19 years$69,417$56,788$46,138$37,257$29,927$11,456
20 years$65,255$52,770$42,343$33,743$26,731$9,613
21 years$61,494$49,153$38,947$30,624$23,921$8,075
22 years$58,080$45,883$35,896$27,845$21,442$6,788
23 years$54,967$42,913$33,144$25,359$19,248$5,711
24 years$52,118$40,207$30,652$23,128$17,300$4,808
25 years$49,501$37,732$28,390$21,122$15,568$4,050
26 years$47,089$35,462$26,330$19,313$14,023$3,413
27 years$44,859$33,374$24,450$17,678$12,643$2,877
28 years$42,793$31,448$22,730$16,197$11,408$2,426
29 years$40,872$29,668$21,152$14,853$10,301$2,046
30 years$39,083$28,018$19,702$13,631$9,308$1,726
31 years$37,412$26,486$18,368$12,519$8,415$1,456
32 years$35,850$25,062$17,137$11,505$7,612$1,229
33 years$34,384$23,734$16,001$10,580$6,889$1,037
34 years$33,008$22,494$14,951$9,735$6,237$875
35 years$31,714$21,335$13,978$8,961$5,649$739
36 years$30,494$20,250$13,076$8,253$5,118$624
37 years$29,343$19,233$12,239$7,604$4,639$527
38 years$28,255$18,278$11,461$7,009$4,206$445
39 years$27,225$17,381$10,738$6,463$3,814$376
40 years$26,249$16,537$10,065$5,961$3,459$317
41 years$25,324$15,741$9,437$5,500$3,138$268
42 years$24,444$14,991$8,853$5,075$2,848$226
43 years$23,608$14,284$8,307$4,685$2,584$191
44 years$22,812$13,615$7,798$4,326$2,346$161
45 years$22,054$12,984$7,322$3,995$2,130$136
46 years$21,331$12,386$6,877$3,690$1,934$115
47 years$20,640$11,820$6,460$3,410$1,756$97
48 years$19,980$11,284$6,071$3,151$1,595$82
49 years$19,350$10,775$5,706$2,912$1,448$69
50 years$18,746$10,293$5,365$2,691$1,315$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $19,200,000, adding $2,697 every year, while hoping to spend $47,529 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: 49/26/25 Blend
71$19,200,000$19,200,000$19,200,000$19,200,000
72$21,161,182$20,143,582$19,845,982$22,048,083
73$23,269,052$21,080,047$20,460,252$23,604,208
74$25,590,332$22,060,806$21,093,507$25,288,875
75$28,146,739$23,087,979$21,746,333$27,118,226
76$30,962,205$24,163,788$22,419,333$29,105,944
77$34,063,100$25,290,564$23,113,131$31,267,067
78$37,478,483$26,470,748$23,828,368$33,618,116
79$41,240,375$27,706,902$24,565,705$36,177,253
80$45,384,061$29,001,708$25,325,824$38,964,438
81$49,948,424$30,357,980$26,109,428$42,001,617
82$54,976,310$31,778,668$26,917,241$45,312,917
83$60,514,935$33,266,864$27,750,009$48,924,871
84$66,616,328$34,825,810$28,608,504$52,866,655
85$73,337,822$36,458,903$29,493,517$57,170,362
86$80,742,597$38,169,706$30,405,867$61,871,290
87$88,900,275$39,961,955$31,346,397$67,008,269
88$97,887,577$41,839,565$32,315,975$72,624,022
89$107,789,047$43,806,641$33,315,498$78,765,550
90$118,697,851$45,867,487$34,345,888$85,484,574
91$130,716,654$48,026,617$35,408,097$92,838,009
92$143,958,591$50,288,759$36,503,107$100,888,487
93$158,548,334$52,658,875$37,631,928$109,704,946
94$174,623,269$55,142,164$38,795,602$119,363,256
95$192,334,791$57,744,080$39,995,204$129,946,935
96$211,849,738$60,470,337$41,231,841$141,547,915
97$233,351,958$63,326,931$42,506,654$154,267,402
98$257,044,051$66,320,144$43,820,821$168,216,814
99$283,149,279$69,456,565$45,175,553$183,518,817
100$311,913,672$72,743,104$46,572,101$200,308,471