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%13.7%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,554,644
2 years$809,438$794,363$779,753$765,588$751,848$727,489
3 years$534,265$519,125$504,552$490,519$477,003$453,279
4 years$396,706$381,612$367,185$353,392$340,203$317,297
5 years$314,192$299,188$284,950$271,439$258,617$236,595
6 years$259,200$244,310$230,282$217,072$204,634$183,523
7 years$219,936$205,171$191,366$178,467$166,423$146,228
8 years$190,501$175,869$162,293$149,711$138,064$118,782
9 years$167,619$153,126$139,783$127,521$116,270$97,892
10 years$149,325$134,973$121,866$109,924$99,067$81,579
11 years$134,366$120,159$107,289$95,667$85,201$68,584
12 years$121,910$107,848$95,216$83,913$73,834$58,067
13 years$111,378$97,463$85,069$74,082$64,384$49,446
14 years$102,358$88,591$76,435$65,762$56,439$42,305
15 years$94,548$80,930$69,011$58,648$49,693$36,338
16 years$87,721$74,251$62,569$52,513$43,919$31,315
17 years$81,704$68,383$56,935$47,183$38,942$27,063
18 years$76,361$63,189$51,974$42,521$34,625$23,443
19 years$71,586$58,563$47,580$38,421$30,862$20,348
20 years$67,294$54,419$43,666$34,798$27,567$17,693
21 years$63,416$50,689$40,165$31,581$24,669$15,407
22 years$59,895$47,317$37,018$28,715$22,112$13,433
23 years$56,685$44,254$34,179$26,151$19,849$11,726
24 years$53,746$41,463$31,610$23,851$17,841$10,245
25 years$51,047$38,911$29,277$21,782$16,054$8,958
26 years$48,560$36,570$27,153$19,917$14,461$7,839
27 years$46,261$34,417$25,214$18,230$13,038$6,864
28 years$44,130$32,431$23,440$16,703$11,764$6,014
29 years$42,149$30,595$21,813$15,317$10,623$5,271
30 years$40,304$28,894$20,318$14,057$9,598$4,622
31 years$38,582$27,314$18,942$12,910$8,678$4,055
32 years$36,970$25,845$17,673$11,865$7,850$3,558
33 years$35,459$24,475$16,501$10,911$7,104$3,123
34 years$34,040$23,197$15,418$10,039$6,432$2,742
35 years$32,705$22,002$14,415$9,241$5,826$2,408
36 years$31,447$20,883$13,485$8,511$5,278$2,115
37 years$30,260$19,834$12,621$7,842$4,784$1,858
38 years$29,138$18,850$11,819$7,228$4,337$1,632
39 years$28,076$17,924$11,073$6,664$3,933$1,434
40 years$27,070$17,053$10,379$6,147$3,567$1,260
41 years$26,115$16,233$9,732$5,671$3,236$1,108
42 years$25,208$15,460$9,129$5,234$2,937$974
43 years$24,346$14,730$8,567$4,832$2,665$856
44 years$23,525$14,041$8,041$4,461$2,419$752
45 years$22,743$13,389$7,550$4,120$2,196$661
46 years$21,997$12,773$7,092$3,806$1,994$582
47 years$21,285$12,189$6,662$3,516$1,811$511
48 years$20,605$11,636$6,261$3,249$1,644$450
49 years$19,954$11,112$5,885$3,003$1,493$395
50 years$19,332$10,615$5,533$2,775$1,357$348

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 $5,320 every year, while hoping to spend $48,155 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: 56/31/13 Blend
71$19,800,000$19,800,000$19,800,000$19,800,000
72$21,825,088$20,775,688$20,468,788$22,974,407
73$24,000,010$21,742,460$21,103,255$24,720,573
74$26,395,160$22,754,990$21,757,364$26,615,939
75$29,032,952$23,815,469$22,431,720$28,679,361
76$31,938,080$24,926,194$23,126,950$30,926,910
77$35,137,760$26,089,574$23,843,699$33,376,250
78$38,661,981$27,308,132$24,582,632$36,046,800
79$42,543,787$28,584,515$25,344,435$38,959,904
80$46,819,594$29,921,497$26,129,814$42,139,031
81$51,529,528$31,321,985$26,939,498$45,609,989
82$56,717,806$32,789,029$27,774,237$49,401,157
83$62,433,155$34,325,824$28,634,807$53,543,750
84$68,729,269$35,935,722$29,522,006$58,072,098
85$75,665,317$37,622,234$30,436,655$63,023,971
86$83,306,500$39,389,044$31,379,603$68,440,916
87$91,724,668$41,240,012$32,351,725$74,368,646
88$100,998,997$43,179,186$33,353,921$80,857,462
89$111,216,738$45,210,810$34,387,121$87,962,710
90$122,474,038$47,339,332$35,452,282$95,745,302
91$134,876,848$49,569,418$36,550,392$104,272,272
92$148,541,924$51,905,957$37,682,467$113,617,399
93$163,597,929$54,354,077$38,849,558$123,861,893
94$180,186,645$56,919,154$40,052,746$135,095,143
95$198,464,314$59,606,824$41,293,144$147,415,552
96$218,603,112$62,422,997$42,571,903$160,931,451
97$240,792,775$65,373,868$43,890,206$175,762,103
98$265,242,385$68,465,935$45,249,276$192,038,814
99$292,182,351$71,706,009$46,650,369$209,906,158
100$321,866,579$75,101,231$48,094,784$229,523,322