Can I retire at age 72 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,487,364
2 years$788,998$774,304$760,063$746,255$732,861$681,340
3 years$520,774$506,016$491,811$478,133$464,957$415,176
4 years$386,688$371,975$357,912$344,468$331,612$283,952
5 years$306,257$291,633$277,755$264,584$252,086$206,674
6 years$252,655$238,140$224,467$211,590$199,467$156,340
7 years$214,382$199,990$186,533$173,960$162,220$121,372
8 years$185,691$171,428$158,195$145,931$134,577$95,976
9 years$163,387$149,259$136,253$124,301$113,333$76,933
10 years$145,554$131,565$118,789$107,148$96,566$62,308
11 years$130,973$117,124$104,580$93,251$83,050$50,868
12 years$118,831$105,124$92,812$81,794$71,969$41,791
13 years$108,565$95,002$82,921$72,212$62,759$34,507
14 years$99,774$86,354$74,505$64,101$55,014$28,608
15 years$92,161$78,886$67,268$57,167$48,438$23,796
16 years$85,506$72,376$60,988$51,187$42,810$19,846
17 years$79,641$66,656$55,497$45,991$37,958$16,589
18 years$74,433$61,593$50,662$41,447$33,751$13,892
19 years$69,778$57,084$46,378$37,451$30,083$11,651
20 years$65,595$53,045$42,564$33,919$26,871$9,784
21 years$61,814$49,409$39,150$30,784$24,046$8,225
22 years$58,382$46,122$36,083$27,990$21,554$6,920
23 years$55,253$43,137$33,316$25,491$19,348$5,827
24 years$52,389$40,416$30,812$23,249$17,390$4,909
25 years$49,758$37,929$28,538$21,232$15,649$4,138
26 years$47,334$35,647$26,468$19,414$14,096$3,490
27 years$45,093$33,548$24,578$17,770$12,709$2,944
28 years$43,015$31,612$22,848$16,281$11,467$2,485
29 years$41,085$29,822$21,262$14,930$10,355$2,097
30 years$39,286$28,164$19,805$13,702$9,356$1,771
31 years$37,607$26,624$18,463$12,584$8,459$1,495
32 years$36,036$25,192$17,227$11,565$7,652$1,263
33 years$34,563$23,857$16,085$10,635$6,925$1,067
34 years$33,180$22,611$15,029$9,785$6,269$901
35 years$31,879$21,446$14,051$9,008$5,678$761
36 years$30,653$20,356$13,144$8,296$5,145$643
37 years$29,496$19,333$12,303$7,644$4,663$544
38 years$28,402$18,374$11,521$7,045$4,228$459
39 years$27,367$17,471$10,794$6,496$3,834$388
40 years$26,386$16,623$10,117$5,992$3,477$328
41 years$25,456$15,823$9,487$5,528$3,155$277
42 years$24,572$15,070$8,899$5,102$2,863$234
43 years$23,731$14,358$8,350$4,710$2,598$198
44 years$22,931$13,686$7,838$4,349$2,358$167
45 years$22,169$13,051$7,360$4,016$2,141$142
46 years$21,442$12,450$6,912$3,710$1,944$120
47 years$20,748$11,881$6,494$3,427$1,765$101
48 years$20,085$11,342$6,103$3,167$1,603$85
49 years$19,450$10,831$5,736$2,927$1,456$72
50 years$18,844$10,347$5,393$2,705$1,322$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $19,300,000, adding $5,382 every year, while hoping to spend $31,424 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: 54/26/20 Blend
71$19,300,000$19,300,000$19,300,000$19,300,000
72$21,274,152$20,251,252$19,952,102$22,306,834
73$23,410,680$21,210,128$20,587,062$23,973,915
74$25,764,081$22,214,936$21,242,241$25,783,932
75$28,356,443$23,267,894$21,918,281$27,753,597
76$31,212,105$24,371,325$22,615,848$29,898,165
77$34,357,889$25,527,669$23,335,628$32,234,404
78$37,823,351$26,739,482$24,078,329$34,780,746
79$41,641,059$28,009,443$24,844,680$37,557,454
80$45,846,906$29,340,364$25,635,435$40,586,808
81$50,480,440$30,735,192$26,451,371$43,893,308
82$55,585,244$32,197,016$27,293,292$47,503,899
83$61,209,347$33,729,078$28,162,025$51,448,215
84$67,405,672$35,334,774$29,058,425$55,758,854
85$74,232,540$37,017,668$29,983,372$60,471,677
86$81,754,221$38,781,496$30,937,777$65,626,134
87$90,041,538$40,630,175$31,922,578$71,265,635
88$99,172,535$42,567,813$32,938,744$77,437,943
89$109,233,216$44,598,719$33,987,275$84,195,619
90$120,318,357$46,727,409$35,069,202$91,596,507
91$132,532,398$48,958,621$36,185,589$99,704,269
92$145,990,431$51,297,321$37,337,534$108,588,977
93$160,819,284$53,748,719$38,526,171$118,327,758
94$177,158,722$56,318,278$39,752,669$129,005,515
95$195,162,763$59,011,724$41,018,234$140,715,713
96$215,001,132$61,835,066$42,324,112$153,561,248
97$236,860,866$64,794,602$43,671,588$167,655,406
98$260,948,075$67,896,939$45,061,987$183,122,914
99$287,489,893$71,149,003$46,496,678$200,101,108
100$316,736,617$74,558,059$47,977,072$218,741,208