Can I retire at age 72 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,202,222
2 years$637,739$625,862$614,351$603,190$592,365$550,720
3 years$420,936$409,008$397,526$386,470$375,821$335,583
4 years$312,556$300,664$289,297$278,430$268,038$229,516
5 years$247,545$235,724$224,506$213,861$203,758$167,053
6 years$204,218$192,487$181,434$171,026$161,227$126,368
7 years$173,283$161,650$150,773$140,610$131,121$98,103
8 years$150,092$138,564$127,867$117,954$108,777$77,577
9 years$132,064$120,645$110,132$100,471$91,606$62,184
10 years$117,650$106,342$96,016$86,607$78,053$50,363
11 years$105,864$94,670$84,531$75,374$67,128$41,116
12 years$96,050$84,971$75,019$66,113$58,172$33,779
13 years$87,752$76,789$67,024$58,368$50,727$27,891
14 years$80,646$69,799$60,222$51,813$44,467$23,123
15 years$74,493$63,763$54,372$46,208$39,152$19,234
16 years$69,114$58,501$49,296$41,374$34,603$16,041
17 years$64,373$53,877$44,858$37,174$30,681$13,409
18 years$60,163$49,785$40,949$33,501$27,280$11,229
19 years$56,401$46,140$37,487$30,271$24,316$9,417
20 years$53,019$42,876$34,404$27,417$21,719$7,908
21 years$49,964$39,937$31,645$24,882$19,436$6,648
22 years$47,190$37,280$29,166$22,624$17,422$5,593
23 years$44,661$34,867$26,929$20,604$15,639$4,710
24 years$42,346$32,668$24,905$18,792$14,057$3,968
25 years$40,219$30,657$23,067$17,162$12,649$3,345
26 years$38,260$28,813$21,394$15,692$11,394$2,821
27 years$36,448$27,116$19,866$14,363$10,272$2,380
28 years$34,769$25,552$18,468$13,160$9,269$2,008
29 years$33,209$24,105$17,186$12,068$8,369$1,695
30 years$31,755$22,765$16,008$11,075$7,562$1,431
31 years$30,398$21,520$14,924$10,172$6,837$1,209
32 years$29,128$20,362$13,924$9,348$6,185$1,021
33 years$27,937$19,284$13,001$8,596$5,597$862
34 years$26,819$18,277$12,147$7,909$5,068$728
35 years$25,768$17,335$11,357$7,281$4,590$615
36 years$24,776$16,453$10,624$6,706$4,159$520
37 years$23,841$15,627$9,944$6,178$3,769$439
38 years$22,957$14,851$9,312$5,695$3,417$371
39 years$22,120$14,122$8,725$5,251$3,099$314
40 years$21,328$13,436$8,177$4,843$2,811$265
41 years$20,576$12,790$7,668$4,468$2,550$224
42 years$19,861$12,181$7,193$4,124$2,314$189
43 years$19,182$11,606$6,749$3,807$2,100$160
44 years$18,535$11,063$6,335$3,515$1,906$135
45 years$17,919$10,549$5,949$3,246$1,730$114
46 years$17,331$10,063$5,587$2,998$1,571$97
47 years$16,770$9,604$5,249$2,770$1,427$82
48 years$16,234$9,168$4,933$2,560$1,296$69
49 years$15,722$8,755$4,636$2,366$1,177$58
50 years$15,231$8,363$4,359$2,187$1,069$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $15,600,000, adding $4,771 every year, while hoping to spend $39,151 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$15,600,000$15,600,000$15,600,000$15,600,000
72$17,196,121$16,369,321$16,127,521$18,576,470
73$18,908,469$17,129,762$16,626,137$20,240,974
74$20,794,165$17,926,151$17,140,144$22,061,738
75$22,870,847$18,760,211$17,670,017$24,058,875
76$25,157,956$19,633,743$18,216,244$26,249,997
77$27,676,909$20,548,638$18,779,330$28,654,500
78$30,451,310$21,506,878$19,359,794$31,293,737
79$33,507,167$22,510,538$19,958,171$34,191,226
80$36,873,142$23,561,798$20,575,013$37,372,864
81$40,580,815$24,662,939$21,210,889$40,867,170
82$44,664,990$25,816,355$21,866,385$44,705,552
83$49,164,015$27,024,553$22,542,105$48,922,603
84$54,120,152$28,290,163$23,238,673$53,556,421
85$59,579,969$29,615,943$23,956,731$58,648,967
86$65,594,784$31,004,782$24,696,939$64,246,462
87$72,221,146$32,459,711$25,459,981$70,399,812
88$79,521,372$33,983,905$26,246,559$77,165,094
89$87,564,131$35,580,695$27,057,397$84,604,075
90$96,425,096$37,253,573$27,893,244$92,784,797
91$106,187,656$39,006,199$28,754,868$101,782,210
92$116,943,705$40,842,410$29,643,064$111,678,881
93$128,794,505$42,766,230$30,558,648$122,565,766
94$141,851,646$44,781,878$31,502,465$134,543,063
95$156,238,099$46,893,775$32,475,383$147,721,159
96$172,089,375$49,106,559$33,478,298$162,221,662
97$189,554,803$51,425,092$34,512,132$178,178,545
98$208,798,942$53,854,471$35,577,838$195,739,408
99$230,003,134$56,400,040$36,676,396$215,066,864
100$253,367,215$59,067,403$37,808,816$236,340,069