Can I retire at age 72 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,235,733
2 years$650,004$637,898$626,165$614,790$603,756$571,569
3 years$429,031$416,873$405,171$393,902$383,048$351,836
4 years$318,567$306,446$294,860$283,784$273,193$243,196
5 years$252,305$240,257$228,824$217,973$207,677$178,978
6 years$208,146$196,188$184,924$174,315$164,328$136,955
7 years$176,615$164,759$153,672$143,314$133,642$107,599
8 years$152,978$141,229$130,326$120,223$110,869$86,143
9 years$134,604$122,965$112,250$102,403$93,368$69,938
10 years$119,912$108,387$97,862$88,272$79,554$57,392
11 years$107,900$96,491$86,156$76,823$68,419$47,493
12 years$97,897$86,605$76,461$67,384$59,291$39,563
13 years$89,440$78,266$68,313$59,490$51,703$33,134
14 years$82,197$71,141$61,380$52,809$45,322$27,872
15 years$75,925$64,989$55,418$47,096$39,905$23,529
16 years$70,443$59,626$50,244$42,170$35,268$19,923
17 years$65,611$54,913$45,720$37,889$31,271$16,910
18 years$61,320$50,742$41,737$34,146$27,805$14,383
19 years$57,486$47,028$38,208$30,854$24,783$12,255
20 years$54,039$43,700$35,065$27,944$22,137$10,458
21 years$50,925$40,705$32,253$25,361$19,810$8,935
22 years$48,097$37,997$29,726$23,059$17,757$7,641
23 years$45,519$35,538$27,447$21,000$15,940$6,541
24 years$43,160$33,296$25,384$19,153$14,327$5,604
25 years$40,993$31,247$23,511$17,492$12,892$4,804
26 years$38,995$29,367$21,805$15,994$11,613$4,120
27 years$37,149$27,638$20,248$14,639$10,470$3,536
28 years$35,438$26,043$18,823$13,413$9,447$3,035
29 years$33,847$24,569$17,516$12,300$8,530$2,607
30 years$32,366$23,203$16,316$11,288$7,708$2,239
31 years$30,982$21,934$15,211$10,367$6,969$1,924
32 years$29,688$20,754$14,192$9,528$6,304$1,654
33 years$28,475$19,654$13,251$8,762$5,705$1,421
34 years$27,335$18,628$12,381$8,061$5,165$1,222
35 years$26,263$17,668$11,575$7,421$4,678$1,051
36 years$25,253$16,770$10,829$6,835$4,239$904
37 years$24,300$15,927$10,135$6,297$3,842$777
38 years$23,399$15,137$9,491$5,804$3,483$668
39 years$22,546$14,394$8,892$5,352$3,158$575
40 years$21,738$13,694$8,335$4,936$2,865$495
41 years$20,971$13,036$7,815$4,554$2,599$426
42 years$20,243$12,415$7,331$4,203$2,358$366
43 years$19,551$11,829$6,879$3,880$2,140$315
44 years$18,891$11,275$6,457$3,582$1,943$271
45 years$18,263$10,752$6,063$3,309$1,764$233
46 years$17,664$10,257$5,695$3,056$1,601$201
47 years$17,093$9,788$5,350$2,823$1,454$173
48 years$16,546$9,344$5,028$2,609$1,320$149
49 years$16,024$8,923$4,726$2,411$1,199$128
50 years$15,524$8,524$4,443$2,229$1,089$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $15,900,000, adding $3,821 every year, while hoping to spend $47,110 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: 54/24/22 Blend
71$15,900,000$15,900,000$15,900,000$15,900,000
72$17,525,741$16,683,041$16,436,591$18,366,236
73$19,263,242$17,450,386$16,937,092$19,711,186
74$21,176,389$18,253,751$17,452,781$21,169,286
75$23,283,049$19,094,853$17,984,117$22,755,603
76$25,602,908$19,975,488$18,531,573$24,482,413
77$28,157,659$20,897,542$19,095,636$26,363,211
78$30,971,208$21,862,989$19,676,807$28,412,832
79$34,069,895$22,873,899$20,275,604$30,647,590
80$37,482,746$23,932,442$20,892,558$33,085,426
81$41,241,746$25,040,891$21,528,219$35,746,071
82$45,382,140$26,201,632$22,183,151$38,651,227
83$49,942,768$27,417,161$22,857,935$41,824,768
84$54,966,426$28,690,098$23,553,172$45,292,957
85$60,500,277$30,023,188$24,269,479$49,084,691
86$66,596,289$31,419,308$25,007,491$53,231,765
87$73,311,732$32,881,476$25,767,863$57,769,167
88$80,709,713$34,412,852$26,551,270$62,735,401
89$88,859,773$36,016,752$27,358,408$68,172,842
90$97,838,547$37,696,649$28,189,991$74,128,131
91$107,730,480$39,456,186$29,046,757$80,652,605
92$118,628,631$41,299,181$29,929,465$87,802,775
93$130,635,546$43,229,636$30,838,898$95,640,851
94$143,864,232$45,251,748$31,775,860$104,235,319
95$158,439,215$47,369,915$32,741,183$113,661,580
96$174,497,722$49,588,749$33,735,720$124,002,650
97$192,190,975$51,913,082$34,760,352$135,349,935
98$211,685,616$54,347,985$35,815,985$147,804,083
99$233,165,282$56,898,769$36,903,554$161,475,923
100$256,832,338$59,571,006$38,024,020$176,487,499