Can I retire at age 72 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,540,379
2 years$813,526$798,375$783,691$769,454$755,645$709,198
3 years$536,964$521,747$507,100$492,997$479,412$434,450
4 years$398,709$383,539$369,039$355,176$341,921$298,788
5 years$315,778$300,700$286,390$272,810$259,923$218,737
6 years$260,509$245,544$231,445$218,168$205,668$166,466
7 years$221,047$206,207$192,332$179,368$167,263$130,045
8 years$191,463$176,758$163,113$150,467$138,761$103,504
9 years$168,466$153,899$140,489$128,165$116,857$83,525
10 years$150,079$135,655$122,482$110,479$99,568$68,116
11 years$135,045$120,765$107,831$96,150$85,632$56,006
12 years$122,526$108,393$95,697$84,337$74,207$46,349
13 years$111,940$97,955$85,499$74,457$64,710$38,557
14 years$102,875$89,039$76,821$66,094$56,724$32,210
15 years$95,026$81,338$69,359$58,944$49,944$27,002
16 years$88,165$74,626$62,885$52,778$44,141$22,699
17 years$82,117$68,728$57,222$47,421$39,138$19,128
18 years$76,747$63,508$52,237$42,736$34,800$16,149
19 years$71,948$58,858$47,820$38,615$31,018$13,657
20 years$67,634$54,694$43,887$34,974$27,706$11,565
21 years$63,736$50,945$40,367$31,741$24,794$9,805
22 years$60,197$47,556$37,205$28,860$22,224$8,321
23 years$56,971$44,478$34,352$26,283$19,950$7,067
24 years$54,018$41,673$31,770$23,972$17,931$6,007
25 years$51,305$39,108$29,425$21,892$16,135$5,108
26 years$48,805$36,755$27,290$20,017$14,534$4,346
27 years$46,495$34,591$25,342$18,322$13,104$3,699
28 years$44,353$32,595$23,558$16,787$11,824$3,150
29 years$42,362$30,749$21,923$15,394$10,676$2,683
30 years$40,508$29,040$20,420$14,128$9,647$2,286
31 years$38,776$27,452$19,037$12,975$8,722$1,948
32 years$37,157$25,975$17,762$11,925$7,889$1,660
33 years$35,638$24,599$16,585$10,966$7,140$1,415
34 years$34,212$23,314$15,496$10,090$6,464$1,207
35 years$32,870$22,113$14,487$9,288$5,855$1,029
36 years$31,606$20,989$13,553$8,554$5,305$877
37 years$30,413$19,934$12,685$7,881$4,808$748
38 years$29,285$18,945$11,879$7,264$4,359$638
39 years$28,218$18,015$11,129$6,698$3,953$544
40 years$27,206$17,139$10,432$6,178$3,585$464
41 years$26,247$16,315$9,781$5,700$3,253$396
42 years$25,336$15,538$9,175$5,260$2,952$338
43 years$24,469$14,805$8,610$4,856$2,679$288
44 years$23,644$14,112$8,082$4,484$2,431$246
45 years$22,858$13,457$7,589$4,141$2,207$210
46 years$22,108$12,837$7,127$3,825$2,004$179
47 years$21,393$12,251$6,696$3,534$1,820$153
48 years$20,709$11,695$6,292$3,265$1,653$130
49 years$20,055$11,168$5,914$3,018$1,501$111
50 years$19,429$10,668$5,560$2,789$1,363$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $19,900,000, adding $5,885 every year, while hoping to spend $22,463 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: 48/31/21 Blend
71$19,900,000$19,900,000$19,900,000$19,900,000
72$21,935,870$20,881,170$20,572,720$22,858,114
73$24,149,429$21,880,447$21,238,006$24,500,476
74$26,588,017$22,927,936$21,924,826$26,280,143
75$29,274,565$24,025,975$22,633,878$28,212,234
76$32,234,340$25,177,017$23,365,882$30,311,072
77$35,495,185$26,383,633$24,121,581$32,592,380
78$39,087,784$27,648,522$24,901,745$35,073,434
79$43,045,950$28,974,511$25,707,165$37,773,211
80$47,406,941$30,364,566$26,538,659$40,712,561
81$52,211,818$31,821,799$27,397,073$43,914,398
82$57,505,828$33,349,471$28,283,280$47,403,908
83$63,338,831$34,951,004$29,198,178$51,208,772
84$69,765,774$36,629,986$30,142,700$55,359,423
85$76,847,207$38,390,179$31,117,803$59,889,322
86$84,649,853$40,235,528$32,124,481$64,835,261
87$93,247,242$42,170,174$33,163,755$70,237,702
88$102,720,403$44,198,454$34,236,683$76,141,147
89$113,158,627$46,324,922$35,344,355$82,594,545
90$124,660,314$48,554,350$36,487,898$89,651,742
91$137,333,897$50,891,744$37,668,474$97,371,975
92$151,298,870$53,342,355$38,887,283$105,820,419
93$166,686,913$55,911,688$40,145,565$115,068,788
94$183,643,137$58,605,520$41,444,600$125,195,994
95$202,327,451$61,429,904$42,785,709$136,288,881
96$222,916,076$64,391,194$44,170,255$148,443,023
97$245,603,204$67,496,051$45,599,647$161,763,612
98$270,602,834$70,751,462$47,075,338$176,366,433
99$298,150,792$74,164,752$48,598,831$192,378,937
100$328,506,956$77,743,608$50,171,675$209,941,423