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

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,503,296
2 years$801,262$786,339$771,877$757,855$744,253$684,873
3 years$528,869$513,882$499,455$485,565$472,185$414,928
4 years$392,699$377,757$363,476$349,822$336,766$282,070
5 years$311,018$296,166$282,072$268,697$256,004$204,009
6 years$256,582$241,842$227,956$214,879$202,567$153,309
7 years$217,714$203,099$189,433$176,664$164,742$118,204
8 years$188,577$174,093$160,654$148,199$136,669$92,809
9 years$165,926$151,579$138,371$126,233$115,095$73,849
10 years$147,817$133,610$120,635$108,814$98,067$59,358
11 years$133,009$118,945$106,205$94,701$84,341$48,083
12 years$120,678$106,759$94,254$83,065$73,088$39,188
13 years$110,253$96,479$84,210$73,334$63,734$32,093
14 years$101,324$87,696$75,663$65,098$55,869$26,385
15 years$93,593$80,112$68,314$58,056$49,191$21,760
16 years$86,835$73,501$61,936$51,983$43,475$17,991
17 years$80,879$67,692$56,360$46,706$38,548$14,906
18 years$75,590$62,550$51,449$42,092$34,275$12,371
19 years$70,863$57,971$47,099$38,033$30,550$10,282
20 years$66,614$53,870$43,225$34,446$27,288$8,555
21 years$62,775$50,177$39,759$31,262$24,420$7,125
22 years$59,290$46,839$36,644$28,425$21,889$5,939
23 years$56,112$43,807$33,834$25,887$19,649$4,953
24 years$53,204$41,045$31,291$23,610$17,661$4,134
25 years$50,532$38,518$28,982$21,562$15,892$3,451
26 years$48,070$36,201$26,879$19,715$14,315$2,882
27 years$45,794$34,069$24,960$18,046$12,906$2,408
28 years$43,684$32,103$23,203$16,534$11,645$2,013
29 years$41,724$30,286$21,592$15,162$10,516$1,682
30 years$39,897$28,602$20,113$13,915$9,501$1,406
31 years$38,192$27,038$18,750$12,780$8,590$1,176
32 years$36,596$25,584$17,494$11,745$7,770$983
33 years$35,101$24,228$16,335$10,800$7,032$823
34 years$33,696$22,963$15,262$9,937$6,367$688
35 years$32,375$21,780$14,269$9,148$5,767$576
36 years$31,129$20,672$13,348$8,425$5,225$481
37 years$29,954$19,634$12,494$7,763$4,736$403
38 years$28,843$18,659$11,700$7,155$4,293$337
39 years$27,792$17,743$10,962$6,597$3,893$282
40 years$26,796$16,881$10,274$6,085$3,531$236
41 years$25,851$16,069$9,634$5,614$3,204$197
42 years$24,954$15,304$9,037$5,181$2,907$165
43 years$24,100$14,581$8,480$4,783$2,638$138
44 years$23,288$13,899$7,960$4,416$2,395$116
45 years$22,513$13,254$7,474$4,078$2,174$97
46 years$21,775$12,644$7,020$3,767$1,974$81
47 years$21,070$12,066$6,595$3,481$1,792$68
48 years$20,397$11,519$6,198$3,216$1,628$57
49 years$19,753$11,000$5,825$2,972$1,478$47
50 years$19,136$10,507$5,477$2,747$1,343$40

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 $3,797 every year, while hoping to spend $58,348 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: 43/45/12 Blend
71$19,600,000$19,600,000$19,600,000$19,600,000
72$21,603,117$20,564,317$20,260,517$22,456,674
73$23,744,553$21,509,886$20,877,162$23,998,863
74$26,102,460$22,499,833$21,512,510$25,662,417
75$28,698,856$23,536,271$22,167,124$27,463,322
76$31,558,004$24,621,413$22,841,587$29,414,192
77$34,706,639$25,757,580$23,536,499$31,528,865
78$38,174,221$26,947,206$24,252,476$33,822,527
79$41,993,212$28,192,840$24,990,155$36,311,842
80$46,199,385$29,497,155$25,750,191$39,015,105
81$50,832,158$30,862,951$26,533,258$41,952,401
82$55,934,968$32,293,165$27,340,052$45,145,785
83$61,555,678$33,790,874$28,171,288$48,619,479
84$67,747,035$35,359,305$29,027,703$52,400,092
85$74,567,160$37,001,838$29,910,058$56,516,856
86$82,080,100$38,722,017$30,819,135$61,001,891
87$90,356,433$40,523,559$31,755,739$65,890,494
88$99,473,933$42,410,357$32,720,700$71,221,461
89$109,518,304$44,386,495$33,714,873$77,037,438
90$120,583,989$46,456,251$34,739,140$83,385,306
91$132,775,061$48,624,112$35,794,406$90,316,612
92$146,206,204$50,894,781$36,881,605$97,888,036
93$161,003,799$53,273,187$38,001,701$106,161,912
94$177,307,112$55,764,499$39,155,684$115,206,795
95$195,269,612$58,374,134$40,344,574$125,098,092
96$215,060,418$61,107,773$41,569,423$135,918,753
97$236,865,896$63,971,368$42,831,313$147,760,036
98$260,891,415$66,971,164$44,131,361$160,722,342
99$287,363,292$70,113,703$45,470,713$174,916,144
100$316,530,920$73,405,846$46,850,554$190,463,007