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%14.9%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,562,628
2 years$817,615$802,387$787,630$773,321$759,442$727,142
3 years$539,662$524,369$509,648$495,474$481,821$450,429
4 years$400,713$385,467$370,894$356,961$343,639$313,396
5 years$317,365$302,211$287,829$274,180$261,229$232,221
6 years$261,818$246,778$232,608$219,264$206,701$178,961
7 years$222,157$207,243$193,299$180,269$168,104$141,636
8 years$192,425$177,646$163,933$151,223$139,458$114,256
9 years$169,313$154,673$141,195$128,809$117,444$93,490
10 years$150,833$136,336$123,097$111,034$100,068$77,339
11 years$135,724$121,372$108,373$96,633$86,062$64,531
12 years$123,141$108,937$96,178$84,760$74,579$54,214
13 years$112,503$98,447$85,929$74,831$65,035$45,801
14 years$103,392$89,486$77,207$66,426$57,009$38,870
15 years$95,503$81,747$69,708$59,241$50,195$33,112
16 years$88,608$75,001$63,201$53,044$44,363$28,297
17 years$82,529$69,073$57,510$47,659$39,335$24,245
18 years$77,132$63,827$52,499$42,951$34,975$20,820
19 years$72,309$59,154$48,060$38,809$31,174$17,912
20 years$67,974$54,969$44,107$35,149$27,845$15,435
21 years$64,056$51,201$40,570$31,900$24,918$13,319
22 years$60,500$47,795$37,392$29,005$22,336$11,507
23 years$57,257$44,701$34,525$26,415$20,050$9,951
24 years$54,289$41,882$31,930$24,092$18,021$8,613
25 years$51,563$39,304$29,573$22,002$16,216$7,460
26 years$49,051$36,940$27,428$20,118$14,607$6,466
27 years$46,728$34,765$25,469$18,414$13,170$5,607
28 years$44,576$32,759$23,677$16,871$11,883$4,865
29 years$42,575$30,904$22,033$15,471$10,730$4,222
30 years$40,711$29,186$20,523$14,199$9,695$3,666
31 years$38,971$27,590$19,133$13,041$8,766$3,184
32 years$37,343$26,106$17,851$11,985$7,929$2,767
33 years$35,817$24,723$16,668$11,021$7,176$2,404
34 years$34,384$23,431$15,574$10,140$6,497$2,089
35 years$33,035$22,224$14,560$9,335$5,884$1,816
36 years$31,765$21,094$13,621$8,597$5,332$1,579
37 years$30,565$20,035$12,749$7,921$4,832$1,373
38 years$29,432$19,040$11,939$7,301$4,381$1,194
39 years$28,360$18,105$11,185$6,732$3,973$1,039
40 years$27,343$17,226$10,484$6,209$3,603$903
41 years$26,379$16,397$9,831$5,729$3,269$786
42 years$25,463$15,616$9,221$5,287$2,966$684
43 years$24,592$14,879$8,653$4,880$2,692$595
44 years$23,763$14,183$8,122$4,506$2,444$518
45 years$22,973$13,525$7,627$4,162$2,218$450
46 years$22,219$12,902$7,163$3,844$2,014$392
47 years$21,500$12,312$6,730$3,552$1,829$341
48 years$20,813$11,754$6,324$3,282$1,661$297
49 years$20,156$11,224$5,944$3,033$1,509$258
50 years$19,527$10,722$5,588$2,803$1,370$225

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 $2,796 every year, while hoping to spend $37,594 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: 59/33/8 Blend
71$20,000,000$20,000,000$20,000,000$20,000,000
72$22,042,884$20,982,884$20,672,884$23,304,493
73$24,251,259$21,971,046$21,325,426$25,139,748
74$26,683,627$23,006,367$21,998,568$27,135,377
75$29,362,798$24,091,120$22,692,961$29,310,344
76$32,313,903$25,227,685$23,409,275$31,681,869
77$35,564,638$26,418,558$24,148,203$34,268,881
78$39,145,522$27,666,358$24,910,458$37,092,187
79$43,090,185$28,973,829$25,696,778$40,174,664
80$47,435,685$30,343,849$26,507,922$43,541,467
81$52,222,861$31,779,433$27,344,673$47,220,256
82$57,496,715$33,283,747$28,207,841$51,241,452
83$63,306,835$34,860,106$29,098,260$55,638,516
84$69,707,870$36,511,989$30,016,789$60,448,253
85$76,760,038$38,243,042$30,964,316$65,711,152
86$84,529,699$40,057,088$31,941,758$71,471,758
87$93,089,980$41,958,137$32,950,059$77,779,082
88$102,521,464$43,950,392$33,990,192$84,687,056
89$112,912,954$46,038,261$35,063,164$92,255,024
90$124,362,306$48,226,367$36,170,010$100,548,298
91$136,977,357$50,519,555$37,311,801$109,638,756
92$150,876,941$52,922,907$38,489,641$119,605,514
93$166,192,012$55,441,752$39,704,666$130,535,653
94$183,066,876$58,081,677$40,958,052$142,525,031
95$201,660,561$60,848,542$42,251,010$155,679,171
96$222,148,308$63,748,491$43,584,788$170,114,243
97$244,723,234$66,787,965$44,960,678$185,958,146
98$269,598,150$69,973,722$46,380,007$203,351,692
99$297,007,572$73,312,845$47,844,147$222,449,925
100$327,209,933$76,812,763$49,354,515$243,423,563