Can I retire at age 72 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,225,725
2 years$654,092$641,910$630,104$618,657$607,554$557,655
3 years$431,730$419,495$407,719$396,379$385,457$337,368
4 years$320,570$308,373$296,715$285,569$274,911$228,997
5 years$253,892$241,768$230,263$219,344$208,983$165,362
6 years$209,455$197,422$186,087$175,411$165,361$124,061
7 years$177,726$165,795$154,639$144,215$134,483$95,489
8 years$153,940$142,117$131,146$120,979$111,567$74,840
9 years$135,450$123,738$112,956$103,047$93,955$59,442
10 years$120,667$109,069$98,478$88,828$80,054$47,687
11 years$108,579$97,098$86,698$77,307$68,850$38,553
12 years$98,513$87,150$76,942$67,808$59,664$31,358
13 years$90,002$78,758$68,743$59,865$52,028$25,628
14 years$82,714$71,589$61,766$53,141$45,607$21,025
15 years$76,403$65,398$55,766$47,392$40,156$17,303
16 years$70,886$60,001$50,560$42,435$35,490$14,275
17 years$66,023$55,259$46,008$38,127$31,468$11,801
18 years$61,706$51,062$41,999$34,360$27,980$9,772
19 years$57,847$47,323$38,448$31,048$24,939$8,103
20 years$54,379$43,975$35,286$28,120$22,276$6,727
21 years$51,245$40,961$32,456$25,520$19,935$5,589
22 years$48,400$38,236$29,913$23,204$17,869$4,648
23 years$45,806$35,761$27,620$21,132$16,040$3,867
24 years$43,431$33,506$25,544$19,274$14,417$3,220
25 years$41,250$31,444$23,659$17,602$12,973$2,682
26 years$39,241$29,552$21,942$16,094$11,686$2,234
27 years$37,383$27,812$20,375$14,731$10,536$1,862
28 years$35,661$26,207$18,941$13,497$9,506$1,553
29 years$34,060$24,723$17,627$12,377$8,584$1,295
30 years$32,569$23,348$16,418$11,359$7,756$1,080
31 years$31,177$22,072$15,306$10,433$7,012$901
32 years$29,875$20,885$14,281$9,588$6,343$751
33 years$28,654$19,778$13,334$8,817$5,741$627
34 years$27,507$18,745$12,459$8,112$5,197$523
35 years$26,428$17,779$11,648$7,468$4,708$436
36 years$25,412$16,875$10,897$6,878$4,265$364
37 years$24,452$16,028$10,199$6,337$3,866$304
38 years$23,546$15,232$9,551$5,841$3,505$254
39 years$22,688$14,484$8,948$5,385$3,178$212
40 years$21,875$13,780$8,387$4,967$2,883$177
41 years$21,103$13,118$7,864$4,583$2,615$147
42 years$20,370$12,493$7,377$4,230$2,373$123
43 years$19,674$11,903$6,922$3,904$2,154$103
44 years$19,010$11,346$6,498$3,605$1,955$86
45 years$18,378$10,820$6,101$3,329$1,775$72
46 years$17,776$10,322$5,731$3,075$1,611$60
47 years$17,200$9,850$5,384$2,841$1,463$50
48 years$16,650$9,403$5,059$2,625$1,329$42
49 years$16,125$8,979$4,755$2,426$1,207$35
50 years$15,622$8,577$4,471$2,243$1,096$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $16,000,000, adding $2,502 every year, while hoping to spend $35,059 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: 45/45/10 Blend
71$16,000,000$16,000,000$16,000,000$16,000,000
72$17,634,581$16,786,581$16,538,581$18,378,172
73$19,396,006$17,571,821$17,055,321$19,678,584
74$21,335,921$18,394,362$17,588,196$21,084,025
75$23,472,495$19,255,997$18,137,711$22,607,166
76$25,825,750$20,158,601$18,704,385$24,258,874
77$28,417,747$21,104,143$19,288,753$26,051,075
78$31,272,797$22,094,686$19,891,366$27,996,855
79$34,417,691$23,132,394$20,512,795$30,110,580
80$37,881,948$24,219,534$21,153,627$32,408,021
81$41,698,100$25,358,484$21,814,466$34,906,494
82$45,901,993$26,551,737$22,495,938$37,625,017
83$50,533,130$27,801,906$23,198,685$40,584,480
84$55,635,041$29,111,731$23,923,373$43,807,831
85$61,255,693$30,484,084$24,670,684$47,320,284
86$67,447,948$31,921,978$25,441,326$51,149,549
87$74,270,054$33,428,570$26,236,026$55,326,075
88$81,786,201$35,007,171$27,055,534$59,883,337
89$90,067,123$36,661,253$27,900,625$64,858,129
90$99,190,770$38,394,455$28,772,096$70,290,908
91$109,243,038$40,210,593$29,670,771$76,226,155
92$120,318,584$42,113,668$30,597,497$82,712,789
93$132,521,718$44,107,875$31,553,151$89,804,606
94$145,967,386$46,197,614$32,538,635$97,560,780
95$160,782,259$48,387,496$33,554,878$106,046,398
96$177,105,923$50,682,358$34,602,841$115,333,066
97$195,092,204$53,087,270$35,683,513$125,499,560
98$214,910,612$55,607,550$36,797,914$136,632,556
99$236,747,946$58,248,771$37,947,095$148,827,428
100$260,810,056$61,016,781$39,132,143$162,189,130