Can I retire at age 72 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,178,684
2 years$609,123$597,778$586,784$576,124$565,784$556,245
3 years$402,048$390,655$379,688$369,128$358,957$349,637
4 years$298,531$287,173$276,316$265,936$256,011$246,983
5 years$236,437$225,147$214,432$204,264$194,615$185,905
6 years$195,055$183,849$173,293$163,352$153,993$145,611
7 years$165,507$154,396$144,007$134,301$125,237$117,189
8 years$143,357$132,346$122,130$112,661$103,896$96,181
9 years$126,138$115,231$105,190$95,963$87,496$80,110
10 years$112,371$101,571$91,707$82,721$74,551$67,492
11 years$101,114$90,422$80,738$71,992$64,116$57,378
12 years$91,740$81,158$71,653$63,146$55,562$49,139
13 years$83,815$73,343$64,017$55,749$48,451$42,336
14 years$77,027$66,667$57,519$49,488$42,472$36,657
15 years$71,150$60,902$51,932$44,134$37,395$31,873
16 years$66,013$55,876$47,084$39,517$33,050$27,811
17 years$61,484$51,460$42,845$35,506$29,305$24,340
18 years$57,464$47,551$39,112$31,998$26,056$21,358
19 years$53,870$44,070$35,805$28,913$23,225$18,782
20 years$50,640$40,952$32,860$26,186$20,745$16,549
21 years$47,722$38,145$30,225$23,766$18,564$14,606
22 years$45,072$35,607$27,857$21,609$16,640$12,910
23 years$42,657$33,303$25,721$19,679$14,937$11,425
24 years$40,446$31,202$23,787$17,949$13,426$10,122
25 years$38,415$29,282$22,032$16,392$12,081$8,977
26 years$36,543$27,520$20,434$14,988$10,882$7,968
27 years$34,813$25,900$18,974$13,719$9,811$7,078
28 years$33,209$24,405$17,639$12,569$8,853$6,292
29 years$31,718$23,023$16,415$11,526$7,994$5,596
30 years$30,330$21,743$15,290$10,578$7,223$4,980
31 years$29,034$20,555$14,254$9,715$6,530$4,433
32 years$27,821$19,449$13,299$8,929$5,907$3,949
33 years$26,684$18,418$12,418$8,211$5,346$3,518
34 years$25,616$17,456$11,602$7,554$4,840$3,136
35 years$24,611$16,557$10,847$6,954$4,384$2,796
36 years$23,665$15,715$10,147$6,405$3,972$2,493
37 years$22,771$14,926$9,498$5,901$3,600$2,224
38 years$21,927$14,185$8,894$5,439$3,264$1,984
39 years$21,128$13,488$8,333$5,015$2,960$1,770
40 years$20,371$12,833$7,811$4,626$2,685$1,580
41 years$19,652$12,216$7,324$4,268$2,435$1,410
42 years$18,970$11,634$6,870$3,939$2,210$1,259
43 years$18,321$11,085$6,447$3,636$2,006$1,124
44 years$17,703$10,566$6,051$3,357$1,821$1,003
45 years$17,115$10,076$5,682$3,100$1,653$896
46 years$16,553$9,612$5,337$2,864$1,501$800
47 years$16,018$9,173$5,014$2,646$1,363$715
48 years$15,506$8,757$4,711$2,445$1,237$638
49 years$15,016$8,362$4,428$2,260$1,124$570
50 years$14,548$7,988$4,163$2,089$1,021$509

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,900,000, adding $6,087 every year, while hoping to spend $22,150 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: 81/12/7 Blend
71$14,900,000$14,900,000$14,900,000$14,900,000
72$16,426,079$15,636,379$15,405,429$17,744,489
73$18,077,971$16,378,994$15,897,943$19,350,824
74$19,897,615$17,157,255$16,406,214$21,109,880
75$21,902,096$17,972,885$16,930,747$23,039,808
76$24,110,244$18,827,691$17,472,062$25,157,682
77$26,542,809$19,723,567$18,030,696$27,482,299
78$29,222,655$20,662,501$18,607,203$30,034,360
79$32,174,978$21,646,576$19,202,157$32,836,659
80$35,427,544$22,677,977$19,816,148$35,914,297
81$39,010,949$23,758,994$20,449,784$39,294,919
82$42,958,911$24,892,029$21,103,697$43,008,969
83$47,308,582$26,079,601$21,778,533$47,089,975
84$52,100,909$27,324,353$22,474,965$51,574,865
85$57,381,008$28,629,052$23,193,683$56,504,314
86$63,198,600$29,996,605$23,935,401$61,923,118
87$69,608,476$31,430,057$24,700,855$67,880,622
88$76,671,013$32,932,603$25,490,806$74,431,177
89$84,452,746$34,507,591$26,306,039$81,634,653
90$93,026,997$36,158,533$27,147,362$89,556,998
91$102,474,564$37,889,115$28,015,612$98,270,858
92$112,884,486$39,703,197$28,911,650$107,856,261
93$124,354,881$41,604,831$29,836,368$118,401,363
94$136,993,876$43,598,265$30,790,684$130,003,281
95$150,920,624$45,687,953$31,775,545$142,769,005
96$166,266,432$47,878,568$32,791,930$156,816,398
97$183,175,998$50,175,007$33,840,849$172,275,312
98$201,808,776$52,582,409$34,923,344$189,288,802
99$222,340,486$55,106,162$36,040,491$208,014,473
100$244,964,768$57,751,916$37,193,400$228,625,965