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

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,541,079
2 years$805,350$790,351$775,815$761,721$748,050$718,117
3 years$531,567$516,503$502,004$488,042$474,594$445,487
4 years$394,702$379,685$365,330$351,607$338,484$310,428
5 years$312,605$297,677$283,511$270,068$257,310$230,384
6 years$257,891$243,076$229,119$215,975$203,601$177,835
7 years$218,825$204,135$190,399$177,565$165,582$140,982
8 years$189,539$174,981$161,474$148,955$137,366$113,927
9 years$166,773$152,353$139,077$126,877$115,682$93,388
10 years$148,571$134,291$121,251$109,369$98,567$77,398
11 years$133,688$119,552$106,747$95,184$84,771$64,702
12 years$121,294$107,303$94,735$83,489$73,461$54,464
13 years$110,815$96,971$84,640$73,708$64,059$46,103
14 years$101,841$88,144$76,049$65,430$56,154$39,206
15 years$94,071$80,521$68,662$58,352$49,442$33,468
16 years$87,278$73,876$62,253$52,248$43,697$28,661
17 years$81,291$68,037$56,647$46,944$38,745$24,610
18 years$75,975$62,870$51,712$42,306$34,450$21,180
19 years$71,225$58,267$47,339$38,227$30,706$18,263
20 years$66,954$54,144$43,446$34,622$27,427$15,773
21 years$63,095$50,433$39,962$31,422$24,544$13,642
22 years$59,592$47,078$36,831$28,570$22,001$11,812
23 years$56,398$44,031$34,007$26,019$19,749$10,239
24 years$53,475$41,254$31,451$23,731$17,751$8,883
25 years$50,790$38,715$29,130$21,672$15,973$7,713
26 years$48,315$36,386$27,016$19,816$14,388$6,701
27 years$46,027$34,243$25,087$18,138$12,972$5,825
28 years$43,907$32,267$23,322$16,618$11,705$5,066
29 years$41,936$30,440$21,703$15,239$10,569$4,408
30 years$40,101$28,748$20,215$13,986$9,550$3,837
31 years$38,387$27,176$18,846$12,845$8,634$3,341
32 years$36,783$25,714$17,584$11,805$7,810$2,910
33 years$35,280$24,352$16,418$10,856$7,068$2,535
34 years$33,868$23,080$15,340$9,988$6,399$2,209
35 years$32,540$21,891$14,342$9,195$5,796$1,925
36 years$31,288$20,778$13,416$8,468$5,252$1,678
37 years$30,107$19,734$12,558$7,802$4,760$1,463
38 years$28,991$18,754$11,760$7,191$4,315$1,275
39 years$27,934$17,834$11,017$6,631$3,913$1,112
40 years$26,933$16,967$10,327$6,116$3,549$970
41 years$25,983$16,151$9,683$5,643$3,220$846
42 years$25,081$15,382$9,083$5,208$2,922$738
43 years$24,223$14,656$8,523$4,807$2,652$643
44 years$23,406$13,970$8,001$4,439$2,407$561
45 years$22,628$13,322$7,512$4,099$2,185$490
46 years$21,886$12,708$7,056$3,787$1,984$427
47 years$21,178$12,128$6,629$3,498$1,802$373
48 years$20,501$11,577$6,229$3,233$1,636$325
49 years$19,854$11,056$5,855$2,987$1,486$284
50 years$19,234$10,561$5,505$2,761$1,350$247

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 $4,620 every year, while hoping to spend $46,084 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: 59/29/12 Blend
71$19,700,000$19,700,000$19,700,000$19,700,000
72$21,714,166$20,670,066$20,364,716$22,931,415
73$23,879,977$21,633,866$20,997,900$24,715,526
74$26,265,158$22,643,348$21,650,753$26,654,505
75$28,892,033$23,700,701$22,323,882$28,767,711
76$31,785,206$24,808,221$23,017,918$31,071,916
77$34,971,788$25,968,315$23,733,509$33,585,560
78$38,481,652$27,183,504$24,471,324$36,328,918
79$42,347,719$28,456,434$25,232,052$39,324,282
80$46,606,265$29,789,878$26,016,403$42,596,171
81$51,297,263$31,186,741$26,825,112$46,171,551
82$56,464,763$32,650,071$27,658,933$50,080,081
83$62,157,307$34,183,062$28,518,645$54,354,392
84$68,428,384$35,789,064$29,405,051$59,030,380
85$75,336,938$37,471,587$30,318,979$64,147,540
86$82,947,924$39,234,313$31,261,283$69,749,330
87$91,332,919$41,081,101$32,232,843$75,883,571
88$100,570,799$43,015,997$33,234,565$82,602,892
89$110,748,483$45,043,244$34,267,386$89,965,210
90$121,961,755$47,167,289$35,332,270$98,034,276
91$134,316,163$49,392,795$36,430,210$106,880,258
92$147,928,021$51,724,652$37,562,232$116,580,396
93$162,925,505$54,167,985$38,729,392$127,219,716
94$179,449,860$56,728,170$39,932,780$138,891,824
95$197,656,737$59,410,841$41,173,519$151,699,775
96$217,717,659$62,221,908$42,452,767$165,757,032
97$239,821,643$65,167,565$43,771,718$181,188,523
98$264,176,983$68,254,307$45,131,603$198,131,803
99$291,013,213$71,488,946$46,533,690$216,738,343
100$320,583,280$74,878,623$47,979,287$237,174,937