Can I retire at age 72 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,549,991
2 years$817,615$802,387$787,630$773,321$759,442$714,611
3 years$539,662$524,369$509,648$495,474$481,821$438,400
4 years$400,713$385,467$370,894$356,961$343,639$301,962
5 years$317,365$302,211$287,829$274,180$261,229$221,410
6 years$261,818$246,778$232,608$219,264$206,701$168,777
7 years$222,157$207,243$193,299$180,269$168,104$132,075
8 years$192,425$177,646$163,933$151,223$139,458$105,305
9 years$169,313$154,673$141,195$128,809$117,444$85,134
10 years$150,833$136,336$123,097$111,034$100,068$69,558
11 years$135,724$121,372$108,373$96,633$86,062$57,302
12 years$123,141$108,937$96,178$84,760$74,579$47,516
13 years$112,503$98,447$85,929$74,831$65,035$39,608
14 years$103,392$89,486$77,207$66,426$57,009$33,157
15 years$95,503$81,747$69,708$59,241$50,195$27,854
16 years$88,608$75,001$63,201$53,044$44,363$23,466
17 years$82,529$69,073$57,510$47,659$39,335$19,817
18 years$77,132$63,827$52,499$42,951$34,975$16,769
19 years$72,309$59,154$48,060$38,809$31,174$14,213
20 years$67,974$54,969$44,107$35,149$27,845$12,064
21 years$64,056$51,201$40,570$31,900$24,918$10,251
22 years$60,500$47,795$37,392$29,005$22,336$8,720
23 years$57,257$44,701$34,525$26,415$20,050$7,424
24 years$54,289$41,882$31,930$24,092$18,021$6,325
25 years$51,563$39,304$29,573$22,002$16,216$5,391
26 years$49,051$36,940$27,428$20,118$14,607$4,598
27 years$46,728$34,765$25,469$18,414$13,170$3,924
28 years$44,576$32,759$23,677$16,871$11,883$3,349
29 years$42,575$30,904$22,033$15,471$10,730$2,860
30 years$40,711$29,186$20,523$14,199$9,695$2,442
31 years$38,971$27,590$19,133$13,041$8,766$2,086
32 years$37,343$26,106$17,851$11,985$7,929$1,783
33 years$35,817$24,723$16,668$11,021$7,176$1,524
34 years$34,384$23,431$15,574$10,140$6,497$1,302
35 years$33,035$22,224$14,560$9,335$5,884$1,113
36 years$31,765$21,094$13,621$8,597$5,332$952
37 years$30,565$20,035$12,749$7,921$4,832$814
38 years$29,432$19,040$11,939$7,301$4,381$696
39 years$28,360$18,105$11,185$6,732$3,973$595
40 years$27,343$17,226$10,484$6,209$3,603$509
41 years$26,379$16,397$9,831$5,729$3,269$435
42 years$25,463$15,616$9,221$5,287$2,966$372
43 years$24,592$14,879$8,653$4,880$2,692$318
44 years$23,763$14,183$8,122$4,506$2,444$272
45 years$22,973$13,525$7,627$4,162$2,218$233
46 years$22,219$12,902$7,163$3,844$2,014$199
47 years$21,500$12,312$6,730$3,552$1,829$170
48 years$20,813$11,754$6,324$3,282$1,661$146
49 years$20,156$11,224$5,944$3,033$1,509$125
50 years$19,527$10,722$5,588$2,803$1,370$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $20,000,000, adding $6,583 every year, while hoping to spend $32,769 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: 66/6/28 Blend
71$20,000,000$20,000,000$20,000,000$20,000,000
72$22,046,790$20,986,790$20,676,790$23,338,889
73$24,260,697$21,980,277$21,334,597$25,205,311
74$26,699,324$23,021,346$22,013,342$27,241,001
75$29,385,558$24,112,295$22,713,691$29,466,174
76$32,344,619$25,255,532$23,436,334$31,899,525
77$35,604,299$26,453,582$24,181,981$34,561,632
78$39,195,223$27,709,093$24,951,363$37,475,148
79$43,151,139$29,024,842$25,745,236$40,665,011
80$47,509,236$30,403,739$26,564,382$44,158,679
81$52,310,493$31,848,838$27,409,604$47,986,384
82$57,600,072$33,363,340$28,281,734$52,181,412
83$63,427,735$34,950,599$29,181,629$56,780,417
84$69,848,323$36,614,137$30,110,172$61,823,763
85$76,922,265$38,357,644$31,068,276$67,355,899
86$84,716,157$40,184,989$32,056,884$73,425,775
87$93,303,381$42,100,230$33,076,966$80,087,303
88$102,764,807$44,107,622$34,129,526$87,399,857
89$113,189,550$46,211,628$35,215,597$95,428,834
90$124,675,813$48,416,926$36,336,248$104,246,261
91$137,331,813$50,728,423$37,492,580$113,931,477
92$151,276,806$53,151,264$38,685,730$124,571,869
93$166,642,209$55,690,845$39,916,870$136,263,700
94$183,572,841$58,352,822$41,187,211$149,113,006
95$202,228,290$61,143,130$42,498,003$163,236,594
96$222,784,423$64,067,991$43,850,533$178,763,139
97$245,435,039$67,133,928$45,246,131$195,834,393
98$270,393,707$70,347,784$46,686,170$214,606,514
99$297,895,774$73,716,734$48,172,066$235,251,537
100$328,200,592$77,248,303$49,705,279$257,958,991