Can I retire at age 72 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,518,035
2 years$809,438$794,363$779,753$765,588$751,848$691,273
3 years$534,265$519,125$504,552$490,519$477,003$418,605
4 years$396,706$381,612$367,185$353,392$340,203$284,426
5 years$314,192$299,188$284,950$271,439$258,617$205,604
6 years$259,200$244,310$230,282$217,072$204,634$154,422
7 years$219,936$205,171$191,366$178,467$166,423$118,995
8 years$190,501$175,869$162,293$149,711$138,064$93,374
9 years$167,619$153,126$139,783$127,521$116,270$74,253
10 years$149,325$134,973$121,866$109,924$99,067$59,645
11 years$134,366$120,159$107,289$95,667$85,201$48,284
12 years$121,910$107,848$95,216$83,913$73,834$39,326
13 years$111,378$97,463$85,069$74,082$64,384$32,184
14 years$102,358$88,591$76,435$65,762$56,439$26,441
15 years$94,548$80,930$69,011$58,648$49,693$21,790
16 years$87,721$74,251$62,569$52,513$43,919$18,003
17 years$81,704$68,383$56,935$47,183$38,942$14,905
18 years$76,361$63,189$51,974$42,521$34,625$12,361
19 years$71,586$58,563$47,580$38,421$30,862$10,265
20 years$67,294$54,419$43,666$34,798$27,567$8,535
21 years$63,416$50,689$40,165$31,581$24,669$7,103
22 years$59,895$47,317$37,018$28,715$22,112$5,916
23 years$56,685$44,254$34,179$26,151$19,849$4,930
24 years$53,746$41,463$31,610$23,851$17,841$4,111
25 years$51,047$38,911$29,277$21,782$16,054$3,430
26 years$48,560$36,570$27,153$19,917$14,461$2,862
27 years$46,261$34,417$25,214$18,230$13,038$2,389
28 years$44,130$32,431$23,440$16,703$11,764$1,995
29 years$42,149$30,595$21,813$15,317$10,623$1,666
30 years$40,304$28,894$20,318$14,057$9,598$1,392
31 years$38,582$27,314$18,942$12,910$8,678$1,163
32 years$36,970$25,845$17,673$11,865$7,850$972
33 years$35,459$24,475$16,501$10,911$7,104$812
34 years$34,040$23,197$15,418$10,039$6,432$679
35 years$32,705$22,002$14,415$9,241$5,826$567
36 years$31,447$20,883$13,485$8,511$5,278$474
37 years$30,260$19,834$12,621$7,842$4,784$396
38 years$29,138$18,850$11,819$7,228$4,337$331
39 years$28,076$17,924$11,073$6,664$3,933$277
40 years$27,070$17,053$10,379$6,147$3,567$232
41 years$26,115$16,233$9,732$5,671$3,236$194
42 years$25,208$15,460$9,129$5,234$2,937$162
43 years$24,346$14,730$8,567$4,832$2,665$135
44 years$23,525$14,041$8,041$4,461$2,419$113
45 years$22,743$13,389$7,550$4,120$2,196$95
46 years$21,997$12,773$7,092$3,806$1,994$79
47 years$21,285$12,189$6,662$3,516$1,811$66
48 years$20,605$11,636$6,261$3,249$1,644$55
49 years$19,954$11,112$5,885$3,003$1,493$46
50 years$19,332$10,615$5,533$2,775$1,357$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $19,800,000, adding $2,499 every year, while hoping to spend $56,473 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: 81/6/13 Blend
71$19,800,000$19,800,000$19,800,000$19,800,000
72$21,822,178$20,772,778$20,465,878$23,535,812
73$23,987,953$21,730,557$21,091,398$25,618,985
74$26,372,745$22,733,375$21,735,980$27,897,588
75$28,998,833$23,783,378$22,400,203$30,397,192
76$31,890,768$24,882,818$23,084,664$33,139,931
77$35,075,603$26,034,053$23,789,978$36,150,187
78$38,583,149$27,239,556$24,516,776$39,454,808
79$42,446,254$28,501,918$25,265,712$43,083,368
80$46,701,116$29,823,856$26,037,458$47,068,439
81$51,387,622$31,208,217$26,832,705$51,445,897
82$56,549,726$32,657,987$27,652,167$56,255,260
83$62,235,863$34,176,293$28,496,579$61,540,057
84$68,499,405$35,766,415$29,366,698$67,348,239
85$75,399,165$37,431,790$30,263,304$73,732,625
86$82,999,956$39,176,023$31,187,200$80,751,401
87$91,373,194$41,002,891$32,139,214$88,468,666
88$100,597,580$42,916,353$33,120,198$96,955,035
89$110,759,840$44,920,562$34,131,032$106,288,297
90$121,955,542$47,019,867$35,172,619$116,554,157
91$134,289,998$49,218,832$36,245,893$127,847,031
92$147,879,262$51,522,238$37,351,814$140,270,939
93$162,851,218$53,935,099$38,491,372$153,940,484
94$179,346,794$56,462,671$39,665,585$168,981,928
95$197,521,289$59,110,464$40,875,503$185,534,383
96$217,545,837$61,884,254$42,122,210$203,751,116
97$239,609,027$64,790,097$43,406,818$223,800,995
98$263,918,678$67,834,341$44,730,477$245,870,078
99$290,703,804$71,023,645$46,094,368$270,163,367
100$320,216,773$74,364,984$47,499,711$296,906,733