Can I retire at age 72 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,301,243
2 years$678,620$665,981$653,733$641,856$630,337$607,773
3 years$447,919$435,226$423,008$411,244$399,912$377,952
4 years$332,592$319,937$307,842$296,278$285,220$264,033
5 years$263,413$250,835$238,898$227,570$216,820$196,467
6 years$217,309$204,825$193,065$181,989$171,562$152,066
7 years$184,391$172,012$160,438$149,624$139,526$120,892
8 years$159,713$147,446$136,064$125,515$115,750$97,975
9 years$140,529$128,378$117,192$106,911$97,479$80,552
10 years$125,192$113,159$102,171$92,159$83,057$66,965
11 years$112,651$100,739$89,949$80,206$71,431$56,157
12 years$102,207$90,418$79,828$70,351$61,901$47,424
13 years$93,377$81,711$71,321$62,109$53,979$40,277
14 years$85,816$74,273$64,082$55,134$47,318$34,367
15 years$79,268$67,850$57,857$49,170$41,662$29,439
16 years$73,544$62,251$52,456$44,026$36,821$25,299
17 years$68,499$57,331$47,733$39,557$32,648$21,801
18 years$64,020$52,976$43,574$35,649$29,029$18,831
19 years$60,017$49,098$39,890$32,212$25,874$16,297
20 years$56,418$45,624$36,609$29,174$23,111$14,128
21 years$53,167$42,497$33,673$26,477$20,682$12,265
22 years$50,215$39,670$31,035$24,074$18,539$10,662
23 years$47,523$37,102$28,656$21,925$16,641$9,277
24 years$45,060$34,762$26,501$19,996$14,958$8,081
25 years$42,797$32,623$24,546$18,262$13,460$7,044
26 years$40,712$30,660$22,765$16,698$12,124$6,144
27 years$38,785$28,855$21,139$15,284$10,931$5,363
28 years$36,998$27,190$19,652$14,003$9,863$4,683
29 years$35,337$25,650$18,288$12,841$8,906$4,091
30 years$33,790$24,224$17,034$11,785$8,047$3,576
31 years$32,346$22,900$15,880$10,824$7,275$3,127
32 years$30,995$21,668$14,817$9,947$6,581$2,734
33 years$29,728$20,520$13,834$9,147$5,956$2,392
34 years$28,538$19,448$12,926$8,416$5,392$2,093
35 years$27,419$18,446$12,085$7,748$4,884$1,832
36 years$26,365$17,508$11,305$7,135$4,425$1,604
37 years$25,369$16,629$10,582$6,574$4,011$1,404
38 years$24,429$15,803$9,909$6,060$3,636$1,229
39 years$23,538$15,027$9,284$5,587$3,297$1,076
40 years$22,695$14,297$8,702$5,154$2,991$943
41 years$21,894$13,610$8,159$4,755$2,713$826
42 years$21,134$12,961$7,654$4,388$2,462$723
43 years$20,411$12,350$7,182$4,051$2,234$634
44 years$19,723$11,772$6,742$3,740$2,028$555
45 years$19,067$11,225$6,330$3,454$1,841$486
46 years$18,442$10,709$5,945$3,191$1,672$426
47 years$17,845$10,219$5,586$2,948$1,518$373
48 years$17,275$9,756$5,249$2,724$1,379$327
49 years$16,729$9,316$4,934$2,517$1,252$287
50 years$16,207$8,899$4,638$2,327$1,137$251

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $16,600,000, adding $3,665 every year, while hoping to spend $45,890 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: 80/15/5 Blend
71$16,600,000$16,600,000$16,600,000$16,600,000
72$18,296,980$17,417,180$17,159,880$19,757,606
73$20,114,446$18,221,796$17,685,910$21,518,439
74$22,115,755$19,064,299$18,228,023$23,443,514
75$24,319,611$19,946,499$18,786,711$25,554,262
76$26,746,623$20,870,289$19,362,478$27,869,175
77$29,419,503$21,837,658$19,955,845$30,408,617
78$32,363,276$22,850,686$20,567,350$33,195,004
79$35,605,517$23,911,557$21,197,543$36,253,020
80$39,176,614$25,022,558$21,846,995$39,609,844
81$43,110,053$26,186,087$22,516,293$43,295,404
82$47,442,731$27,404,658$23,206,041$47,342,656
83$52,215,308$28,680,905$23,916,863$51,787,894
84$57,472,592$30,017,592$24,649,400$56,671,087
85$63,263,955$31,417,612$25,404,313$62,036,252
86$69,643,805$32,884,002$26,182,285$67,931,868
87$76,672,098$34,419,944$26,984,017$74,411,330
88$84,414,903$36,028,772$27,810,232$81,533,446
89$92,945,025$37,713,984$28,661,677$89,362,990
90$102,342,694$39,479,244$29,539,119$97,971,309
91$112,696,318$41,328,397$30,443,349$107,436,990
92$124,103,324$43,265,471$31,375,183$117,846,602
93$136,671,073$45,294,688$32,335,461$129,295,500
94$150,517,872$47,420,477$33,325,048$141,888,727
95$165,774,094$49,647,480$34,344,837$155,741,996
96$182,583,408$51,980,563$35,395,746$170,982,780
97$201,104,134$54,424,828$36,478,721$187,751,504
98$221,510,735$56,985,625$37,594,738$206,202,869
99$243,995,471$59,668,561$38,744,802$226,507,304
100$268,770,205$62,479,516$39,929,949$248,852,567