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

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,557,363
2 years$813,526$798,375$783,691$769,454$755,645$726,043
3 years$536,964$521,747$507,100$492,997$479,412$450,623
4 years$398,709$383,539$369,039$355,176$341,921$314,165
5 years$315,778$300,700$286,390$272,810$259,923$233,280
6 years$260,509$245,544$231,445$218,168$205,668$180,168
7 years$221,047$206,207$192,332$179,368$167,263$142,913
8 years$191,463$176,758$163,113$150,467$138,761$115,553
9 years$168,466$153,899$140,489$128,165$116,857$94,778
10 years$150,079$135,655$122,482$110,479$99,568$78,598
11 years$135,045$120,765$107,831$96,150$85,632$65,747
12 years$122,526$108,393$95,697$84,337$74,207$55,379
13 years$111,940$97,955$85,499$74,457$64,710$46,909
14 years$102,875$89,039$76,821$66,094$56,724$39,918
15 years$95,026$81,338$69,359$58,944$49,944$34,100
16 years$88,165$74,626$62,885$52,778$44,141$29,223
17 years$82,117$68,728$57,222$47,421$39,138$25,111
18 years$76,747$63,508$52,237$42,736$34,800$21,626
19 years$71,948$58,858$47,820$38,615$31,018$18,661
20 years$67,634$54,694$43,887$34,974$27,706$16,129
21 years$63,736$50,945$40,367$31,741$24,794$13,960
22 years$60,197$47,556$37,205$28,860$22,224$12,098
23 years$56,971$44,478$34,352$26,283$19,950$10,494
24 years$54,018$41,673$31,770$23,972$17,931$9,112
25 years$51,305$39,108$29,425$21,892$16,135$7,917
26 years$48,805$36,755$27,290$20,017$14,534$6,884
27 years$46,495$34,591$25,342$18,322$13,104$5,989
28 years$44,353$32,595$23,558$16,787$11,824$5,213
29 years$42,362$30,749$21,923$15,394$10,676$4,540
30 years$40,508$29,040$20,420$14,128$9,647$3,955
31 years$38,776$27,452$19,037$12,975$8,722$3,446
32 years$37,157$25,975$17,762$11,925$7,889$3,004
33 years$35,638$24,599$16,585$10,966$7,140$2,619
34 years$34,212$23,314$15,496$10,090$6,464$2,284
35 years$32,870$22,113$14,487$9,288$5,855$1,992
36 years$31,606$20,989$13,553$8,554$5,305$1,738
37 years$30,413$19,934$12,685$7,881$4,808$1,517
38 years$29,285$18,945$11,879$7,264$4,359$1,323
39 years$28,218$18,015$11,129$6,698$3,953$1,155
40 years$27,206$17,139$10,432$6,178$3,585$1,008
41 years$26,247$16,315$9,781$5,700$3,253$880
42 years$25,336$15,538$9,175$5,260$2,952$768
43 years$24,469$14,805$8,610$4,856$2,679$671
44 years$23,644$14,112$8,082$4,484$2,431$585
45 years$22,858$13,457$7,589$4,141$2,207$511
46 years$22,108$12,837$7,127$3,825$2,004$446
47 years$21,393$12,251$6,696$3,534$1,820$390
48 years$20,709$11,695$6,292$3,265$1,653$340
49 years$20,055$11,168$5,914$3,018$1,501$297
50 years$19,429$10,668$5,560$2,789$1,363$259

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 $6,396 every year, while hoping to spend $33,860 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: 34/42/24 Blend
71$19,900,000$19,900,000$19,900,000$19,900,000
72$21,936,397$20,881,697$20,573,247$22,521,758
73$24,137,883$21,868,874$21,226,424$23,946,253
74$26,562,786$22,903,287$21,900,348$25,477,789
75$29,233,858$23,987,216$22,595,678$27,128,688
76$32,176,171$25,123,050$23,313,093$28,909,564
77$35,417,356$26,313,294$24,053,296$30,832,047
78$38,987,856$27,560,576$24,817,012$32,908,883
79$42,921,222$28,867,649$25,604,987$35,154,040
80$47,254,425$30,237,401$26,417,992$37,582,834
81$52,028,204$31,672,862$27,256,822$40,212,062
82$57,287,455$33,177,206$28,122,300$43,060,147
83$63,081,648$34,753,762$29,015,270$46,147,302
84$69,465,302$36,406,022$29,936,607$49,495,708
85$76,498,493$38,137,647$30,887,213$53,129,713
86$84,247,422$39,952,475$31,868,018$57,076,041
87$92,785,043$41,854,531$32,879,981$61,364,040
88$102,191,751$43,848,035$33,924,093$66,025,936
89$112,556,135$45,937,415$35,001,376$71,097,126
90$123,975,822$48,127,310$36,112,884$76,616,495
91$136,558,395$50,422,587$37,259,704$82,626,765
92$150,422,407$52,828,349$38,442,960$89,174,885
93$165,698,503$55,349,949$39,663,809$96,312,447
94$182,530,650$57,992,996$40,923,447$104,096,164
95$201,077,499$60,763,376$42,223,105$112,588,376
96$221,513,882$63,667,259$43,564,057$121,857,625
97$244,032,460$66,711,117$44,947,615$131,979,273
98$268,845,544$69,901,735$46,375,133$143,036,195
99$296,187,099$73,246,229$47,848,009$155,119,534
100$326,314,950$76,752,061$49,367,685$168,329,538