Can I retire at age 72 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,524,529
2 years$801,262$786,339$771,877$757,855$744,253$705,801
3 years$528,869$513,882$499,455$485,565$472,185$434,884
4 years$392,699$377,757$363,476$349,822$336,766$300,904
5 years$311,018$296,166$282,072$268,697$256,004$221,681
6 years$256,582$241,842$227,956$214,879$202,567$169,817
7 years$217,714$203,099$189,433$176,664$164,742$133,568
8 years$188,577$174,093$160,654$148,199$136,669$107,059
9 years$165,926$151,579$138,371$126,233$115,095$87,024
10 years$147,817$133,610$120,635$108,814$98,067$71,502
11 years$133,009$118,945$106,205$94,701$84,341$59,244
12 years$120,678$106,759$94,254$83,065$73,088$49,417
13 years$110,253$96,479$84,210$73,334$63,734$41,443
14 years$101,324$87,696$75,663$65,098$55,869$34,909
15 years$93,593$80,112$68,314$58,056$49,191$29,511
16 years$86,835$73,501$61,936$51,983$43,475$25,023
17 years$80,879$67,692$56,360$46,706$38,548$21,271
18 years$75,590$62,550$51,449$42,092$34,275$18,119
19 years$70,863$57,971$47,099$38,033$30,550$15,461
20 years$66,614$53,870$43,225$34,446$27,288$13,213
21 years$62,775$50,177$39,759$31,262$24,420$11,306
22 years$59,290$46,839$36,644$28,425$21,889$9,685
23 years$56,112$43,807$33,834$25,887$19,649$8,303
24 years$53,204$41,045$31,291$23,610$17,661$7,125
25 years$50,532$38,518$28,982$21,562$15,892$6,117
26 years$48,070$36,201$26,879$19,715$14,315$5,255
27 years$45,794$34,069$24,960$18,046$12,906$4,517
28 years$43,684$32,103$23,203$16,534$11,645$3,884
29 years$41,724$30,286$21,592$15,162$10,516$3,341
30 years$39,897$28,602$20,113$13,915$9,501$2,875
31 years$38,192$27,038$18,750$12,780$8,590$2,474
32 years$36,596$25,584$17,494$11,745$7,770$2,130
33 years$35,101$24,228$16,335$10,800$7,032$1,834
34 years$33,696$22,963$15,262$9,937$6,367$1,579
35 years$32,375$21,780$14,269$9,148$5,767$1,360
36 years$31,129$20,672$13,348$8,425$5,225$1,172
37 years$29,954$19,634$12,494$7,763$4,736$1,009
38 years$28,843$18,659$11,700$7,155$4,293$870
39 years$27,792$17,743$10,962$6,597$3,893$749
40 years$26,796$16,881$10,274$6,085$3,531$646
41 years$25,851$16,069$9,634$5,614$3,204$557
42 years$24,954$15,304$9,037$5,181$2,907$480
43 years$24,100$14,581$8,480$4,783$2,638$413
44 years$23,288$13,899$7,960$4,416$2,395$356
45 years$22,513$13,254$7,474$4,078$2,174$307
46 years$21,775$12,644$7,020$3,767$1,974$265
47 years$21,070$12,066$6,595$3,481$1,792$228
48 years$20,397$11,519$6,198$3,216$1,628$197
49 years$19,753$11,000$5,825$2,972$1,478$169
50 years$19,136$10,507$5,477$2,747$1,343$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $19,600,000, adding $5,106 every year, while hoping to spend $38,694 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: 62/13/25 Blend
71$19,600,000$19,600,000$19,600,000$19,600,000
72$21,604,467$20,565,667$20,261,867$22,800,325
73$23,766,952$21,532,214$20,899,469$24,577,992
74$26,148,715$22,544,826$21,557,135$26,513,422
75$28,772,079$23,605,718$22,235,494$28,625,859
76$31,661,646$24,717,213$22,935,198$30,932,595
77$34,844,526$25,881,749$23,656,920$33,452,660
78$38,350,592$27,101,879$24,401,350$36,206,990
79$42,212,762$28,380,280$25,169,205$39,218,627
80$46,467,311$29,719,762$25,961,221$42,512,929
81$51,154,213$31,123,266$26,778,158$46,117,806
82$56,317,517$32,593,880$27,620,801$50,063,977
83$62,005,764$34,134,840$28,489,957$54,385,257
84$68,272,443$35,749,539$29,386,462$59,118,872
85$75,176,499$37,441,533$30,311,176$64,305,801
86$82,782,888$39,214,554$31,264,986$69,991,165
87$91,163,187$41,072,512$32,248,808$76,224,636
88$100,396,275$43,019,508$33,263,586$83,060,912
89$110,569,072$45,059,841$34,310,293$90,560,219
90$121,777,365$47,198,021$35,389,936$98,788,876
91$134,126,707$49,438,775$36,503,549$107,819,913
92$147,733,415$51,787,059$37,652,202$117,733,755
93$162,725,670$54,248,071$38,836,997$128,618,975
94$179,244,723$56,827,261$40,059,071$140,573,119
95$197,446,232$59,530,344$41,319,597$153,703,620
96$217,501,729$62,363,313$42,619,785$168,128,806
97$239,600,241$65,332,450$43,960,883$183,979,006
98$263,950,070$68,444,345$45,344,178$201,397,775
99$290,780,767$71,705,907$46,770,997$220,543,233
100$320,345,289$75,124,381$48,242,710$241,589,555