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

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 $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%12.8%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,576,206
2 years$817,615$802,387$787,630$773,321$759,442$740,698
3 years$539,662$524,369$509,648$495,474$481,821$463,538
4 years$400,713$385,467$370,894$356,961$343,639$325,957
5 years$317,365$302,211$287,829$274,180$261,229$244,199
6 years$261,818$246,778$232,608$219,264$206,701$190,345
7 years$222,157$207,243$193,299$180,269$168,104$152,427
8 years$192,425$177,646$163,933$151,223$139,458$124,460
9 years$169,313$154,673$141,195$128,809$117,444$103,119
10 years$150,833$136,336$123,097$111,034$100,068$86,406
11 years$135,724$121,372$108,373$96,633$86,062$73,051
12 years$123,141$108,937$96,178$84,760$74,579$62,206
13 years$112,503$98,447$85,929$74,831$65,035$53,283
14 years$103,392$89,486$77,207$66,426$57,009$45,862
15 years$95,503$81,747$69,708$59,241$50,195$39,635
16 years$88,608$75,001$63,201$53,044$44,363$34,371
17 years$82,529$69,073$57,510$47,659$39,335$29,893
18 years$77,132$63,827$52,499$42,951$34,975$26,063
19 years$72,309$59,154$48,060$38,809$31,174$22,772
20 years$67,974$54,969$44,107$35,149$27,845$19,932
21 years$64,056$51,201$40,570$31,900$24,918$17,475
22 years$60,500$47,795$37,392$29,005$22,336$15,341
23 years$57,257$44,701$34,525$26,415$20,050$13,484
24 years$54,289$41,882$31,930$24,092$18,021$11,864
25 years$51,563$39,304$29,573$22,002$16,216$10,448
26 years$49,051$36,940$27,428$20,118$14,607$9,208
27 years$46,728$34,765$25,469$18,414$13,170$8,121
28 years$44,576$32,759$23,677$16,871$11,883$7,167
29 years$42,575$30,904$22,033$15,471$10,730$6,328
30 years$40,711$29,186$20,523$14,199$9,695$5,590
31 years$38,971$27,590$19,133$13,041$8,766$4,940
32 years$37,343$26,106$17,851$11,985$7,929$4,368
33 years$35,817$24,723$16,668$11,021$7,176$3,862
34 years$34,384$23,431$15,574$10,140$6,497$3,417
35 years$33,035$22,224$14,560$9,335$5,884$3,023
36 years$31,765$21,094$13,621$8,597$5,332$2,676
37 years$30,565$20,035$12,749$7,921$4,832$2,368
38 years$29,432$19,040$11,939$7,301$4,381$2,097
39 years$28,360$18,105$11,185$6,732$3,973$1,857
40 years$27,343$17,226$10,484$6,209$3,603$1,644
41 years$26,379$16,397$9,831$5,729$3,269$1,456
42 years$25,463$15,616$9,221$5,287$2,966$1,290
43 years$24,592$14,879$8,653$4,880$2,692$1,143
44 years$23,763$14,183$8,122$4,506$2,444$1,013
45 years$22,973$13,525$7,627$4,162$2,218$897
46 years$22,219$12,902$7,163$3,844$2,014$795
47 years$21,500$12,312$6,730$3,552$1,829$704
48 years$20,813$11,754$6,324$3,282$1,661$624
49 years$20,156$11,224$5,944$3,033$1,509$553
50 years$19,527$10,722$5,588$2,803$1,370$490

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 $6,017 every year, while hoping to spend $39,347 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: 63/27/10 Blend
71$20,000,000$20,000,000$20,000,000$20,000,000
72$22,046,207$20,986,207$20,676,207$23,386,107
73$24,253,055$21,972,666$21,326,995$25,268,773
74$26,683,683$23,006,143$21,998,265$27,318,455
75$29,360,874$24,088,900$22,690,663$29,555,461
76$32,309,736$25,223,309$23,404,853$31,997,961
77$35,557,935$26,411,857$24,141,522$34,665,940
78$39,135,957$27,657,150$24,901,375$37,581,373
79$43,077,398$28,961,923$25,685,144$40,768,436
80$47,419,276$30,329,042$26,493,581$44,253,718
81$52,202,388$31,761,511$27,327,461$48,066,473
82$57,471,688$33,262,480$28,187,587$52,238,887
83$63,276,712$34,835,254$29,074,783$56,806,373
84$69,672,051$36,483,296$29,989,903$61,807,899
85$76,717,859$38,210,236$30,933,824$67,286,347
86$84,480,427$40,019,884$31,907,452$73,288,913
87$93,032,802$41,916,230$32,911,724$79,867,538
88$102,455,485$43,903,462$33,947,603$87,079,396
89$112,837,181$45,985,968$35,016,085$94,987,418
90$124,275,643$48,168,351$36,118,194$103,660,880
91$136,878,595$50,455,436$37,254,990$113,176,045
92$150,764,743$52,852,284$38,427,563$123,616,873
93$166,064,902$55,364,200$39,637,041$135,075,802
94$182,923,224$57,996,748$40,884,584$147,654,609
95$201,498,565$60,755,762$42,171,390$161,465,357
96$221,965,983$63,647,358$43,498,696$176,631,441
97$244,518,385$66,677,951$44,867,774$193,288,739
98$269,368,357$69,854,267$46,279,941$211,586,880
99$296,750,162$73,183,359$47,736,552$231,690,643
100$326,921,958$76,672,623$49,239,006$253,781,496