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%16.8%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,542,863
2 years$813,526$798,375$783,691$769,454$755,645$711,652
3 years$536,964$521,747$507,100$492,997$479,412$436,796
4 years$398,709$383,539$369,039$355,176$341,921$301,009
5 years$315,778$300,700$286,390$272,810$259,923$220,827
6 years$260,509$245,544$231,445$218,168$205,668$168,425
7 years$221,047$206,207$192,332$179,368$167,263$131,874
8 years$191,463$176,758$163,113$150,467$138,761$105,207
9 years$168,466$153,899$140,489$128,165$116,857$85,106
10 years$150,079$135,655$122,482$110,479$99,568$69,579
11 years$135,045$120,765$107,831$96,150$85,632$57,356
12 years$122,526$108,393$95,697$84,337$74,207$47,592
13 years$111,940$97,955$85,499$74,457$64,710$39,698
14 years$102,875$89,039$76,821$66,094$56,724$33,255
15 years$95,026$81,338$69,359$58,944$49,944$27,956
16 years$88,165$74,626$62,885$52,778$44,141$23,569
17 years$82,117$68,728$57,222$47,421$39,138$19,919
18 years$76,747$63,508$52,237$42,736$34,800$16,867
19 years$71,948$58,858$47,820$38,615$31,018$14,307
20 years$67,634$54,694$43,887$34,974$27,706$12,153
21 years$63,736$50,945$40,367$31,741$24,794$10,335
22 years$60,197$47,556$37,205$28,860$22,224$8,798
23 years$56,971$44,478$34,352$26,283$19,950$7,496
24 years$54,018$41,673$31,770$23,972$17,931$6,391
25 years$51,305$39,108$29,425$21,892$16,135$5,453
26 years$48,805$36,755$27,290$20,017$14,534$4,654
27 years$46,495$34,591$25,342$18,322$13,104$3,975
28 years$44,353$32,595$23,558$16,787$11,824$3,395
29 years$42,362$30,749$21,923$15,394$10,676$2,902
30 years$40,508$29,040$20,420$14,128$9,647$2,480
31 years$38,776$27,452$19,037$12,975$8,722$2,121
32 years$37,157$25,975$17,762$11,925$7,889$1,813
33 years$35,638$24,599$16,585$10,966$7,140$1,551
34 years$34,212$23,314$15,496$10,090$6,464$1,327
35 years$32,870$22,113$14,487$9,288$5,855$1,135
36 years$31,606$20,989$13,553$8,554$5,305$971
37 years$30,413$19,934$12,685$7,881$4,808$831
38 years$29,285$18,945$11,879$7,264$4,359$711
39 years$28,218$18,015$11,129$6,698$3,953$609
40 years$27,206$17,139$10,432$6,178$3,585$521
41 years$26,247$16,315$9,781$5,700$3,253$446
42 years$25,336$15,538$9,175$5,260$2,952$382
43 years$24,469$14,805$8,610$4,856$2,679$327
44 years$23,644$14,112$8,082$4,484$2,431$280
45 years$22,858$13,457$7,589$4,141$2,207$239
46 years$22,108$12,837$7,127$3,825$2,004$205
47 years$21,393$12,251$6,696$3,534$1,820$175
48 years$20,709$11,695$6,292$3,265$1,653$150
49 years$20,055$11,168$5,914$3,018$1,501$129
50 years$19,429$10,668$5,560$2,789$1,363$110

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 $2,599 every year, while hoping to spend $43,286 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: 76/17/7 Blend
71$19,900,000$19,900,000$19,900,000$19,900,000
72$21,932,481$20,877,781$20,569,331$23,579,878
73$24,123,538$21,854,736$21,212,347$25,639,970
74$26,536,632$22,878,112$21,875,454$27,891,583
75$29,194,365$23,950,136$22,559,279$30,358,265
76$32,121,644$25,073,146$23,264,468$33,061,339
77$35,345,912$26,249,591$23,991,689$36,024,275
78$38,897,414$27,482,039$24,741,629$39,272,911
79$42,809,475$28,773,184$25,514,998$42,835,688
80$47,118,818$30,125,847$26,312,527$46,743,922
81$51,865,912$31,542,988$27,134,971$51,032,085
82$57,095,351$33,027,709$27,983,108$55,738,137
83$62,856,274$34,583,264$28,857,740$60,903,872
84$69,202,833$36,213,063$29,759,693$66,575,310
85$76,194,700$37,920,682$30,689,821$72,803,129
86$83,897,633$39,709,869$31,649,004$79,643,132
87$92,384,094$41,584,555$32,638,148$87,156,777
88$101,733,934$43,548,861$33,658,188$95,411,742
89$112,035,148$45,607,108$34,710,090$104,482,566
90$123,384,703$47,763,826$35,794,848$114,451,340
91$135,889,454$50,023,765$36,913,487$125,408,479
92$149,667,155$52,391,906$38,067,066$137,453,569
93$164,847,566$54,873,470$39,256,673$150,696,297
94$181,573,682$57,473,934$40,483,436$165,257,481
95$200,003,078$60,199,038$41,748,512$181,270,205
96$220,309,403$63,054,801$43,053,098$198,881,059
97$242,684,012$66,047,537$44,398,426$218,251,526
98$267,337,777$69,183,862$45,785,770$239,559,485
99$294,503,077$72,470,717$47,216,439$263,000,891
100$324,435,987$75,915,379$48,691,787$288,791,609