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%11.9%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,582,126
2 years$817,615$802,387$787,630$773,321$759,442$746,638
3 years$539,662$524,369$509,648$495,474$481,821$469,312
4 years$400,713$385,467$370,894$356,961$343,639$331,521
5 years$317,365$302,211$287,829$274,180$261,229$249,537
6 years$261,818$246,778$232,608$219,264$206,701$195,452
7 years$222,157$207,243$193,299$180,269$168,104$157,300
8 years$192,425$177,646$163,933$151,223$139,458$129,102
9 years$169,313$154,673$141,195$128,809$117,444$107,531
10 years$150,833$136,336$123,097$111,034$100,068$90,593
11 years$135,724$121,372$108,373$96,633$86,062$77,018
12 years$123,141$108,937$96,178$84,760$74,579$65,958
13 years$112,503$98,447$85,929$74,831$65,035$56,827
14 years$103,392$89,486$77,207$66,426$57,009$49,204
15 years$95,503$81,747$69,708$59,241$50,195$42,782
16 years$88,608$75,001$63,201$53,044$44,363$37,331
17 years$82,529$69,073$57,510$47,659$39,335$32,672
18 years$77,132$63,827$52,499$42,951$34,975$28,668
19 years$72,309$59,154$48,060$38,809$31,174$25,211
20 years$67,974$54,969$44,107$35,149$27,845$22,214
21 years$64,056$51,201$40,570$31,900$24,918$19,605
22 years$60,500$47,795$37,392$29,005$22,336$17,329
23 years$57,257$44,701$34,525$26,415$20,050$15,336
24 years$54,289$41,882$31,930$24,092$18,021$13,587
25 years$51,563$39,304$29,573$22,002$16,216$12,050
26 years$49,051$36,940$27,428$20,118$14,607$10,696
27 years$46,728$34,765$25,469$18,414$13,170$9,501
28 years$44,576$32,759$23,677$16,871$11,883$8,445
29 years$42,575$30,904$22,033$15,471$10,730$7,511
30 years$40,711$29,186$20,523$14,199$9,695$6,684
31 years$38,971$27,590$19,133$13,041$8,766$5,951
32 years$37,343$26,106$17,851$11,985$7,929$5,300
33 years$35,817$24,723$16,668$11,021$7,176$4,722
34 years$34,384$23,431$15,574$10,140$6,497$4,209
35 years$33,035$22,224$14,560$9,335$5,884$3,752
36 years$31,765$21,094$13,621$8,597$5,332$3,346
37 years$30,565$20,035$12,749$7,921$4,832$2,985
38 years$29,432$19,040$11,939$7,301$4,381$2,663
39 years$28,360$18,105$11,185$6,732$3,973$2,376
40 years$27,343$17,226$10,484$6,209$3,603$2,121
41 years$26,379$16,397$9,831$5,729$3,269$1,893
42 years$25,463$15,616$9,221$5,287$2,966$1,690
43 years$24,592$14,879$8,653$4,880$2,692$1,509
44 years$23,763$14,183$8,122$4,506$2,444$1,347
45 years$22,973$13,525$7,627$4,162$2,218$1,203
46 years$22,219$12,902$7,163$3,844$2,014$1,074
47 years$21,500$12,312$6,730$3,552$1,829$959
48 years$20,813$11,754$6,324$3,282$1,661$857
49 years$20,156$11,224$5,944$3,033$1,509$765
50 years$19,527$10,722$5,588$2,803$1,370$684

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 $3,291 every year, while hoping to spend $36,730 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: 42/31/27 Blend
71$20,000,000$20,000,000$20,000,000$20,000,000
72$22,043,395$20,983,395$20,673,395$22,794,735
73$24,252,740$21,972,501$21,326,873$24,324,154
74$26,686,209$23,008,842$22,001,012$25,975,666
75$29,366,621$24,094,694$22,696,464$27,763,524
76$32,319,125$25,232,442$23,413,905$29,700,332
77$35,571,433$26,424,590$24,154,028$31,799,923
78$39,154,084$27,673,759$24,917,553$34,077,485
79$43,100,727$28,982,700$25,705,217$36,549,694
80$47,448,445$30,354,296$26,517,786$39,234,864
81$52,238,101$31,791,571$27,356,046$42,153,111
82$57,514,724$33,297,695$28,220,810$45,326,533
83$63,327,935$34,875,991$29,112,917$48,779,413
84$69,732,415$36,529,945$30,033,230$52,538,433
85$76,788,420$38,263,212$30,982,642$56,632,921
86$84,562,352$40,079,622$31,962,074$61,095,111
87$93,127,382$41,983,194$32,972,474$65,960,443
88$102,564,146$43,978,141$34,014,822$71,267,881
89$112,961,499$46,068,880$35,090,129$77,060,270
90$124,417,359$48,260,043$36,199,436$83,384,727
91$137,039,633$50,556,487$37,343,820$90,293,075
92$150,947,226$52,963,306$38,524,389$97,842,315
93$166,271,175$55,485,840$39,742,287$106,095,152
94$183,155,878$58,129,689$40,998,697$115,120,569
95$201,760,459$60,900,726$42,294,835$124,994,466
96$222,260,272$63,805,107$43,631,958$135,800,356
97$244,848,553$66,849,291$45,011,362$147,630,139
98$269,738,248$70,040,049$46,434,386$160,584,949
99$297,164,019$73,384,481$47,902,407$174,776,092
100$327,384,461$76,890,033$49,416,850$190,326,075