Can I retire at age 72 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,547,754
2 years$797,174$782,328$767,939$753,988$740,456$733,185
3 years$526,170$511,260$496,907$483,087$469,776$462,662
4 years$390,695$375,830$361,621$348,037$335,048$328,147
5 years$309,431$294,655$280,633$267,326$254,698$248,030
6 years$255,273$240,608$226,793$213,783$201,534$195,107
7 years$216,603$202,062$188,466$175,763$163,901$157,718
8 years$187,615$173,205$159,834$147,443$135,972$130,034
9 years$165,080$150,806$137,665$125,589$114,508$108,814
10 years$147,062$132,928$120,020$108,259$97,566$92,113
11 years$132,330$118,338$105,663$94,217$83,910$78,695
12 years$120,063$106,214$93,774$82,641$72,715$67,732
13 years$109,690$95,986$83,780$72,960$63,409$58,655
14 years$100,807$87,249$75,277$64,766$55,584$51,053
15 years$93,116$79,703$67,965$57,760$48,940$44,628
16 years$86,392$73,126$61,620$51,717$43,254$39,153
17 years$80,466$67,347$56,072$46,468$38,352$34,456
18 years$75,204$62,231$51,187$41,877$34,101$30,405
19 years$70,501$57,675$46,859$37,839$30,395$26,891
20 years$66,274$53,595$43,005$34,271$27,149$23,832
21 years$62,455$49,921$39,556$31,103$24,295$21,158
22 years$58,987$46,600$36,457$28,280$21,777$18,812
23 years$55,826$43,584$33,662$25,755$19,549$16,750
24 years$52,932$40,835$31,131$23,490$17,571$14,931
25 years$50,274$38,322$28,834$21,452$15,811$13,323
26 years$47,824$36,016$26,742$19,615$14,242$11,900
27 years$45,560$33,896$24,832$17,954$12,840$10,637
28 years$43,461$31,940$23,085$16,450$11,586$9,516
29 years$41,511$30,131$21,482$15,085$10,462$8,518
30 years$39,694$28,456$20,010$13,844$9,453$7,629
31 years$37,997$26,900$18,655$12,715$8,546$6,837
32 years$36,410$25,453$17,405$11,685$7,731$6,129
33 years$34,922$24,105$16,251$10,745$6,996$5,497
34 years$33,524$22,846$15,184$9,887$6,334$4,932
35 years$32,209$21,669$14,196$9,101$5,737$4,427
36 years$30,971$20,567$13,280$8,382$5,198$3,974
37 years$29,801$19,534$12,430$7,723$4,711$3,569
38 years$28,696$18,564$11,640$7,118$4,271$3,206
39 years$27,651$17,653$10,906$6,564$3,873$2,880
40 years$26,660$16,795$10,222$6,054$3,513$2,588
41 years$25,719$15,987$9,585$5,585$3,187$2,326
42 years$24,826$15,226$8,991$5,155$2,892$2,091
43 years$23,977$14,507$8,437$4,758$2,625$1,880
44 years$23,169$13,828$7,919$4,394$2,383$1,690
45 years$22,399$13,186$7,436$4,058$2,163$1,520
46 years$21,664$12,579$6,984$3,748$1,964$1,367
47 years$20,963$12,005$6,561$3,463$1,783$1,229
48 years$20,293$11,460$6,166$3,200$1,619$1,105
49 years$19,652$10,944$5,796$2,957$1,471$994
50 years$19,039$10,454$5,449$2,733$1,336$894

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $19,500,000, adding $5,914 every year, while hoping to spend $54,650 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: 68/7/25 Blend
71$19,500,000$19,500,000$19,500,000$19,500,000
72$21,495,100$20,461,600$20,159,350$22,818,241
73$23,629,453$21,406,072$20,776,541$24,651,673
74$25,979,679$22,394,990$21,412,577$26,649,939
75$28,567,738$23,430,477$22,068,030$28,834,869
76$31,417,830$24,514,753$22,743,492$31,224,913
77$34,556,622$25,650,149$23,439,572$33,840,383
78$38,013,496$26,839,105$24,156,896$36,703,638
79$41,820,833$28,084,182$24,896,113$39,839,299
80$46,014,312$29,388,061$25,657,887$43,274,471
81$50,633,250$30,753,554$26,442,904$47,039,000
82$55,720,973$32,183,609$27,251,872$51,165,752
83$61,325,222$33,681,315$28,085,520$55,690,919
84$67,498,606$35,249,912$28,944,597$60,654,355
85$74,299,100$36,892,793$29,829,876$66,099,953
86$81,790,586$38,613,518$30,742,155$72,076,051
87$90,043,462$40,415,817$31,682,254$78,635,890
88$99,135,305$42,303,602$32,651,019$85,838,108
89$109,151,599$44,280,971$33,649,321$93,747,289
90$120,186,546$46,352,223$34,678,057$102,434,573
91$132,343,955$48,521,863$35,738,153$111,978,320
92$145,738,218$50,794,614$36,830,561$122,464,844
93$160,495,395$53,175,428$37,956,263$133,989,226
94$176,754,397$55,669,496$39,116,271$146,656,205
95$194,668,305$58,282,261$40,311,625$160,581,161
96$214,405,808$61,019,427$41,543,400$175,891,200
97$236,152,798$63,886,977$42,812,701$192,726,348
98$260,114,125$66,891,180$44,120,669$211,240,865
99$286,515,530$70,038,613$45,468,476$231,604,701
100$315,605,777$73,336,167$46,857,332$254,005,086