Can I retire at age 72 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,227,688
2 years$633,651$621,850$610,413$599,324$588,568$580,193
3 years$418,238$406,386$394,978$383,993$373,411$365,225
4 years$310,552$298,737$287,443$276,645$266,320$258,385
5 years$245,958$234,213$223,067$212,490$202,452$194,792
6 years$202,909$191,253$180,271$169,930$160,194$152,818
7 years$172,172$160,614$149,806$139,709$130,280$123,193
8 years$149,130$137,676$127,048$117,198$108,080$101,281
9 years$131,217$119,871$109,426$99,827$91,019$84,507
10 years$116,896$105,661$95,400$86,052$77,553$71,324
11 years$105,186$94,064$83,989$74,891$66,698$60,748
12 years$95,434$84,426$74,538$65,689$57,799$52,123
13 years$87,190$76,297$66,595$57,994$50,402$44,993
14 years$80,129$69,352$59,836$51,480$44,182$39,035
15 years$74,015$63,354$54,024$45,911$38,901$34,008
16 years$68,671$58,126$48,980$41,109$34,381$29,735
17 years$63,960$53,532$44,570$36,936$30,485$26,079
18 years$59,778$49,466$40,687$33,287$27,106$22,931
19 years$56,040$45,845$37,247$30,077$24,160$20,210
20 years$52,680$42,601$34,183$27,241$21,580$17,846
21 years$49,644$39,681$31,442$24,723$19,312$15,785
22 years$46,887$37,041$28,979$22,479$17,310$13,983
23 years$44,374$34,644$26,757$20,472$15,539$12,403
24 years$42,074$32,459$24,745$18,671$13,966$11,014
25 years$39,961$30,461$22,919$17,052$12,568$9,791
26 years$38,014$28,628$21,256$15,591$11,320$8,711
27 years$36,214$26,943$19,738$14,271$10,206$7,756
28 years$34,546$25,388$18,349$13,075$9,209$6,911
29 years$32,996$23,951$17,076$11,990$8,316$6,161
30 years$31,551$22,619$15,905$11,004$7,514$5,496
31 years$30,203$21,382$14,828$10,106$6,793$4,905
32 years$28,941$20,232$13,835$9,288$6,145$4,380
33 years$27,758$19,160$12,918$8,541$5,561$3,912
34 years$26,647$18,159$12,070$7,859$5,035$3,495
35 years$25,602$17,224$11,284$7,234$4,560$3,124
36 years$24,618$16,348$10,556$6,663$4,132$2,793
37 years$23,688$15,527$9,880$6,139$3,745$2,498
38 years$22,810$14,756$9,252$5,658$3,395$2,234
39 years$21,979$14,031$8,669$5,217$3,079$1,998
40 years$21,191$13,350$8,125$4,812$2,793$1,788
41 years$20,444$12,708$7,619$4,440$2,534$1,600
42 years$19,734$12,102$7,147$4,097$2,299$1,432
43 years$19,059$11,531$6,706$3,782$2,086$1,282
44 years$18,416$10,992$6,295$3,492$1,894$1,148
45 years$17,804$10,482$5,911$3,225$1,719$1,027
46 years$17,220$9,999$5,551$2,979$1,561$920
47 years$16,663$9,542$5,216$2,752$1,417$824
48 years$16,130$9,109$4,901$2,543$1,287$738
49 years$15,621$8,699$4,607$2,351$1,169$661
50 years$15,133$8,309$4,331$2,173$1,062$592

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $15,500,000, adding $2,037 every year, while hoping to spend $40,818 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: 65/19/16 Blend
71$15,500,000$15,500,000$15,500,000$15,500,000
72$17,083,101$16,261,601$16,021,351$18,126,846
73$18,782,147$17,014,990$16,514,636$19,579,287
74$20,653,128$17,803,926$17,023,079$21,160,900
75$22,713,538$18,630,109$17,547,143$22,888,212
76$24,982,654$19,495,320$18,087,307$24,775,464
77$27,481,719$20,401,424$18,644,066$26,838,327
78$30,234,139$21,350,379$19,217,927$29,094,041
79$33,265,709$22,344,235$19,809,415$31,561,577
80$36,604,851$23,385,142$20,419,070$34,261,814
81$40,282,886$24,475,354$21,047,449$37,217,727
82$44,334,326$25,617,233$21,695,125$40,454,603
83$48,797,206$26,813,255$22,362,689$44,000,278
84$53,713,433$28,066,017$23,050,752$47,885,389
85$59,129,192$29,378,241$23,759,941$52,143,663
86$65,095,373$30,752,778$24,490,902$56,812,230
87$71,668,057$32,192,620$25,244,303$61,931,967
88$78,909,043$33,700,903$26,020,832$67,547,879
89$86,886,431$35,280,913$26,821,195$73,709,518
90$95,675,266$36,936,096$27,646,124$80,471,447
91$105,358,244$38,670,066$28,496,370$87,893,746
92$116,026,495$40,486,609$29,372,709$96,042,575
93$127,780,442$42,389,697$30,275,939$104,990,789
94$140,730,747$44,383,492$31,206,883$114,818,623
95$154,999,359$46,472,360$32,166,390$125,614,438
96$170,720,664$48,660,875$33,155,333$137,475,553
97$188,042,749$50,953,836$34,174,615$150,509,147
98$207,128,807$53,356,272$35,225,162$164,833,272
99$228,158,673$55,873,456$36,307,933$180,577,952
100$251,330,521$58,510,919$37,423,912$197,886,406