Can I retire at age 72 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,233,971
2 years$645,915$633,886$622,227$610,924$599,959$573,940
3 years$426,333$414,251$402,622$391,425$380,639$355,355
4 years$316,563$304,519$293,006$281,999$271,475$247,122
5 years$250,719$238,746$227,385$216,603$206,371$183,017
6 years$206,836$194,954$183,761$173,219$163,294$140,965
7 years$175,504$163,722$152,706$142,413$132,802$111,502
8 years$152,016$140,340$129,507$119,467$110,172$89,895
9 years$133,757$122,191$111,544$101,759$92,781$73,513
10 years$119,158$107,706$97,247$87,717$79,054$60,776
11 years$107,222$95,884$85,614$76,340$67,989$50,678
12 years$97,282$86,060$75,981$66,961$58,918$42,548
13 years$88,877$77,773$67,884$59,116$51,377$35,921
14 years$81,680$70,694$60,994$52,477$45,037$30,465
15 years$75,448$64,580$55,069$46,800$39,654$25,934
16 years$70,000$59,251$49,928$41,904$35,047$22,147
17 years$65,198$54,568$45,433$37,651$31,075$18,962
18 years$60,935$50,423$41,474$33,931$27,630$16,271
19 years$57,124$46,732$37,968$30,659$24,627$13,989
20 years$53,699$43,425$34,845$27,768$21,998$12,045
21 years$50,604$40,449$32,051$25,201$19,685$10,386
22 years$47,795$37,758$29,540$22,914$17,645$8,966
23 years$45,233$35,314$27,275$20,868$15,839$7,747
24 years$42,889$33,087$25,224$19,033$14,237$6,700
25 years$40,735$31,051$23,363$17,382$12,811$5,799
26 years$38,750$29,182$21,668$15,893$11,540$5,022
27 years$36,915$27,464$20,120$14,547$10,404$4,352
28 years$35,215$25,879$18,705$13,328$9,388$3,772
29 years$33,634$24,414$17,406$12,222$8,477$3,272
30 years$32,162$23,057$16,213$11,217$7,659$2,838
31 years$30,787$21,796$15,115$10,302$6,925$2,463
32 years$29,501$20,624$14,103$9,468$6,264$2,138
33 years$28,295$19,531$13,168$8,707$5,669$1,857
34 years$27,163$18,511$12,303$8,011$5,133$1,612
35 years$26,098$17,557$11,503$7,374$4,649$1,400
36 years$25,094$16,664$10,760$6,792$4,212$1,217
37 years$24,147$15,827$10,072$6,258$3,817$1,057
38 years$23,251$15,042$9,432$5,768$3,461$918
39 years$22,404$14,303$8,836$5,318$3,138$798
40 years$21,601$13,608$8,282$4,905$2,847$694
41 years$20,839$12,954$7,766$4,526$2,583$603
42 years$20,116$12,337$7,285$4,177$2,343$524
43 years$19,428$11,754$6,836$3,856$2,127$455
44 years$18,773$11,204$6,417$3,560$1,930$396
45 years$18,149$10,684$6,025$3,288$1,753$344
46 years$17,553$10,192$5,659$3,037$1,591$299
47 years$16,985$9,727$5,316$2,806$1,445$260
48 years$16,442$9,285$4,996$2,593$1,312$226
49 years$15,923$8,867$4,696$2,396$1,192$197
50 years$15,426$8,470$4,415$2,215$1,082$171

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $15,800,000, adding $5,528 every year, while hoping to spend $45,481 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: 48/37/15 Blend
71$15,800,000$15,800,000$15,800,000$15,800,000
72$17,417,302$16,579,902$16,335,002$18,180,136
73$19,145,476$17,343,926$16,833,833$19,472,043
74$21,048,398$18,143,863$17,347,851$20,868,888
75$23,143,847$18,981,424$17,877,516$22,384,604
76$25,451,409$19,858,403$18,423,303$24,030,322
77$27,992,670$20,776,682$18,985,700$25,818,265
78$30,791,414$21,738,231$19,565,213$27,761,858
79$33,873,849$22,745,116$20,162,359$29,875,846
80$37,268,857$23,799,502$20,777,673$32,176,430
81$41,008,262$24,903,659$21,411,706$34,681,410
82$45,127,132$26,059,966$22,065,026$37,410,346
83$49,664,113$27,270,917$22,738,217$40,384,741
84$54,661,786$28,539,126$23,431,882$43,628,225
85$60,167,078$29,867,333$24,146,640$47,166,781
86$66,231,698$31,258,410$24,883,130$51,028,976
87$72,912,629$32,715,370$25,642,012$55,246,221
88$80,272,661$34,241,367$26,423,964$59,853,060
89$88,380,989$35,839,710$27,229,683$64,887,488
90$97,313,863$37,513,869$28,059,890$70,391,296
91$107,155,307$39,267,479$28,915,327$76,410,455
92$117,997,915$41,104,352$29,796,757$82,995,542
93$129,943,720$43,028,483$30,704,967$90,202,202
94$143,105,164$45,044,063$31,640,767$98,091,663
95$157,606,151$47,155,483$32,604,993$106,731,301
96$173,583,223$49,367,346$33,598,505$116,195,260
97$191,186,846$51,684,480$34,622,189$126,565,142
98$210,582,829$54,111,944$35,676,957$137,930,760
99$231,953,893$56,655,045$36,763,750$150,390,970
100$255,501,391$59,319,343$37,883,537$164,054,590