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%12.8%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,513,158
2 years$784,910$770,292$756,124$742,388$729,064$711,071
3 years$518,075$503,394$489,263$475,655$462,548$444,996
4 years$384,684$370,048$356,058$342,683$329,893$312,918
5 years$304,671$290,122$276,316$263,213$250,780$234,431
6 years$251,346$236,907$223,304$210,494$198,433$182,731
7 years$213,271$198,954$185,567$173,059$161,380$146,330
8 years$184,728$170,540$157,375$145,175$133,880$119,482
9 years$162,540$148,486$135,547$123,656$112,746$98,994
10 years$144,800$130,883$118,173$106,593$96,065$82,950
11 years$130,295$116,517$104,038$92,768$82,619$70,129
12 years$118,216$104,580$92,331$81,370$71,596$59,717
13 years$108,003$94,510$82,492$71,837$62,433$51,151
14 years$99,257$85,907$74,119$63,769$54,729$44,027
15 years$91,683$78,477$66,919$56,871$48,187$38,050
16 years$85,063$72,001$60,672$50,922$42,588$32,997
17 years$79,228$66,311$55,209$45,753$37,762$28,698
18 years$74,047$61,274$50,399$41,233$33,576$25,020
19 years$69,417$56,788$46,138$37,257$29,927$21,861
20 years$65,255$52,770$42,343$33,743$26,731$19,135
21 years$61,494$49,153$38,947$30,624$23,921$16,776
22 years$58,080$45,883$35,896$27,845$21,442$14,727
23 years$54,967$42,913$33,144$25,359$19,248$12,944
24 years$52,118$40,207$30,652$23,128$17,300$11,389
25 years$49,501$37,732$28,390$21,122$15,568$10,030
26 years$47,089$35,462$26,330$19,313$14,023$8,840
27 years$44,859$33,374$24,450$17,678$12,643$7,796
28 years$42,793$31,448$22,730$16,197$11,408$6,880
29 years$40,872$29,668$21,152$14,853$10,301$6,075
30 years$39,083$28,018$19,702$13,631$9,308$5,366
31 years$37,412$26,486$18,368$12,519$8,415$4,743
32 years$35,850$25,062$17,137$11,505$7,612$4,193
33 years$34,384$23,734$16,001$10,580$6,889$3,708
34 years$33,008$22,494$14,951$9,735$6,237$3,280
35 years$31,714$21,335$13,978$8,961$5,649$2,902
36 years$30,494$20,250$13,076$8,253$5,118$2,569
37 years$29,343$19,233$12,239$7,604$4,639$2,274
38 years$28,255$18,278$11,461$7,009$4,206$2,013
39 years$27,225$17,381$10,738$6,463$3,814$1,782
40 years$26,249$16,537$10,065$5,961$3,459$1,579
41 years$25,324$15,741$9,437$5,500$3,138$1,398
42 years$24,444$14,991$8,853$5,075$2,848$1,238
43 years$23,608$14,284$8,307$4,685$2,584$1,097
44 years$22,812$13,615$7,798$4,326$2,346$972
45 years$22,054$12,984$7,322$3,995$2,130$861
46 years$21,331$12,386$6,877$3,690$1,934$763
47 years$20,640$11,820$6,460$3,410$1,756$676
48 years$19,980$11,284$6,071$3,151$1,595$599
49 years$19,350$10,775$5,706$2,912$1,448$531
50 years$18,746$10,293$5,365$2,691$1,315$471

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 $4,452 every year, while hoping to spend $47,281 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: 36/42/22 Blend
71$19,200,000$19,200,000$19,200,000$19,200,000
72$21,162,992$20,145,392$19,847,792$21,783,935
73$23,271,311$21,082,210$20,462,387$23,176,381
74$25,593,093$22,063,347$21,095,985$24,673,911
75$28,150,063$23,090,925$21,749,175$26,289,664
76$30,966,157$24,167,168$22,422,560$28,034,253
77$34,067,754$25,294,409$23,116,765$29,919,312
78$37,483,920$26,475,090$23,832,432$31,957,595
79$41,246,685$27,711,773$24,570,223$34,163,088
80$45,391,342$29,007,146$25,330,821$36,551,133
81$49,956,786$30,364,023$26,114,930$39,138,559
82$54,985,874$31,785,356$26,923,276$41,943,834
83$60,525,834$33,274,240$27,756,607$44,987,229
84$66,628,710$34,833,917$28,615,694$48,290,995
85$73,351,849$36,467,791$29,501,331$51,879,563
86$80,758,450$38,179,425$30,414,337$55,779,760
87$88,918,152$39,972,557$31,355,558$60,021,054
88$97,907,698$41,851,106$32,325,864$64,635,814
89$107,811,654$43,819,182$33,326,151$69,659,605
90$118,723,211$45,881,090$34,357,345$75,131,504
91$130,745,062$48,041,346$35,420,399$81,094,459
92$143,990,372$50,304,686$36,516,297$87,595,674
93$158,583,847$52,676,073$37,646,050$94,687,040
94$174,662,911$55,160,712$38,810,703$102,425,606
95$192,378,999$57,764,058$40,011,333$110,874,098
96$211,898,993$60,491,833$41,249,049$120,101,496
97$233,406,792$63,350,035$42,524,995$130,183,657
98$257,105,052$66,344,953$43,840,348$141,204,020
99$283,217,093$69,483,181$45,196,326$153,254,360
100$311,989,012$72,771,634$46,594,179$166,435,642