Can I retire at age 72 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,515,169
2 years$805,350$790,351$775,815$761,721$748,050$692,490
3 years$531,567$516,503$502,004$488,042$474,594$420,957
4 years$394,702$379,685$365,330$351,607$338,484$287,180
5 years$312,605$297,677$283,511$270,068$257,310$208,474
6 years$257,891$243,076$229,119$215,975$203,601$157,268
7 years$218,825$204,135$190,399$177,565$165,582$121,744
8 years$189,539$174,981$161,474$148,955$137,366$95,986
9 years$166,773$152,353$139,077$126,877$115,682$76,706
10 years$148,571$134,291$121,251$109,369$98,567$61,928
11 years$133,688$119,552$106,747$95,184$84,771$50,394
12 years$121,294$107,303$94,735$83,489$73,461$41,264
13 years$110,815$96,971$84,640$73,708$64,059$33,956
14 years$101,841$88,144$76,049$65,430$56,154$28,053
15 years$94,071$80,521$68,662$58,352$49,442$23,251
16 years$87,278$73,876$62,253$52,248$43,697$19,322
17 years$81,291$68,037$56,647$46,944$38,745$16,092
18 years$75,975$62,870$51,712$42,306$34,450$13,425
19 years$71,225$58,267$47,339$38,227$30,706$11,217
20 years$66,954$54,144$43,446$34,622$27,427$9,384
21 years$63,095$50,433$39,962$31,422$24,544$7,858
22 years$59,592$47,078$36,831$28,570$22,001$6,585
23 years$56,398$44,031$34,007$26,019$19,749$5,523
24 years$53,475$41,254$31,451$23,731$17,751$4,635
25 years$50,790$38,715$29,130$21,672$15,973$3,891
26 years$48,315$36,386$27,016$19,816$14,388$3,268
27 years$46,027$34,243$25,087$18,138$12,972$2,746
28 years$43,907$32,267$23,322$16,618$11,705$2,308
29 years$41,936$30,440$21,703$15,239$10,569$1,940
30 years$40,101$28,748$20,215$13,986$9,550$1,632
31 years$38,387$27,176$18,846$12,845$8,634$1,372
32 years$36,783$25,714$17,584$11,805$7,810$1,154
33 years$35,280$24,352$16,418$10,856$7,068$971
34 years$33,868$23,080$15,340$9,988$6,399$817
35 years$32,540$21,891$14,342$9,195$5,796$687
36 years$31,288$20,778$13,416$8,468$5,252$578
37 years$30,107$19,734$12,558$7,802$4,760$487
38 years$28,991$18,754$11,760$7,191$4,315$409
39 years$27,934$17,834$11,017$6,631$3,913$345
40 years$26,933$16,967$10,327$6,116$3,549$290
41 years$25,983$16,151$9,683$5,643$3,220$244
42 years$25,081$15,382$9,083$5,208$2,922$205
43 years$24,223$14,656$8,523$4,807$2,652$173
44 years$23,406$13,970$8,001$4,439$2,407$146
45 years$22,628$13,322$7,512$4,099$2,185$122
46 years$21,886$12,708$7,056$3,787$1,984$103
47 years$21,178$12,128$6,629$3,498$1,802$87
48 years$20,501$11,577$6,229$3,233$1,636$73
49 years$19,854$11,056$5,855$2,987$1,486$61
50 years$19,234$10,561$5,505$2,761$1,350$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $19,700,000, adding $6,006 every year, while hoping to spend $53,269 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: 44/44/12 Blend
71$19,700,000$19,700,000$19,700,000$19,700,000
72$21,715,595$20,671,495$20,366,145$22,595,966
73$23,873,908$21,627,721$20,991,733$24,165,860
74$26,250,584$22,629,016$21,636,493$25,860,509
75$28,867,838$23,677,533$22,301,011$27,696,060
76$31,750,154$24,775,528$22,985,890$29,685,500
77$34,924,505$25,925,365$23,691,754$31,843,078
78$38,420,620$27,129,523$24,419,243$34,184,431
79$42,271,253$28,390,599$25,169,018$36,726,722
80$46,512,501$29,711,319$25,941,760$39,488,797
81$51,184,138$31,094,535$26,738,170$42,491,344
82$56,329,993$32,543,240$27,558,972$45,757,088
83$61,998,366$34,060,572$28,404,911$49,310,988
84$68,242,478$35,649,819$29,276,754$53,180,463
85$75,120,978$37,314,428$30,175,293$57,395,641
86$82,698,495$39,058,012$31,101,342$61,989,627
87$91,046,246$40,884,359$32,055,742$66,998,807
88$100,242,712$42,797,442$33,039,359$72,463,174
89$110,374,375$44,801,423$34,053,083$78,426,695
90$121,536,535$46,900,666$35,097,836$84,937,706
91$133,834,211$49,099,748$36,174,562$92,049,360
92$147,383,129$51,403,464$37,284,239$99,820,105
93$162,310,819$53,816,845$38,427,871$108,314,223
94$178,757,813$56,345,161$39,606,495$117,602,418
95$196,878,976$58,993,940$40,821,179$127,762,464
96$216,844,966$61,768,977$42,073,023$138,879,922
97$238,843,843$64,676,347$43,363,160$151,048,923
98$263,082,847$67,722,421$44,692,758$164,373,039
99$289,790,354$70,913,875$46,063,021$178,966,235
100$319,218,027$74,257,712$47,475,189$194,953,926