Can I retire at age 72 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,316,379
2 years$686,796$674,005$661,609$649,590$637,931$614,556
3 years$453,316$440,470$428,105$416,198$404,730$381,984
4 years$336,599$323,792$311,551$299,847$288,657$266,715
5 years$266,587$253,857$241,776$230,312$219,432$198,359
6 years$219,927$207,293$195,391$184,182$173,629$153,447
7 years$186,612$174,085$162,371$151,426$141,207$121,922
8 years$161,637$149,223$137,703$127,028$117,145$98,753
9 years$142,223$129,925$118,604$108,199$98,653$81,143
10 years$126,700$114,523$103,402$93,269$84,057$67,415
11 years$114,008$101,953$91,033$81,172$72,292$56,498
12 years$103,439$91,507$80,790$71,199$62,647$47,681
13 years$94,503$82,696$72,180$62,858$54,629$40,469
14 years$86,849$75,168$64,854$55,798$47,888$34,508
15 years$80,223$68,668$58,555$49,762$42,164$29,539
16 years$74,430$63,001$53,088$44,557$37,265$25,368
17 years$69,325$58,022$48,308$40,034$33,041$21,845
18 years$64,791$53,615$44,099$36,078$29,379$18,854
19 years$60,740$49,690$40,371$32,600$26,186$16,306
20 years$57,098$46,174$37,050$29,526$23,390$14,125
21 years$53,807$43,009$34,079$26,796$20,931$12,253
22 years$50,820$40,148$31,409$24,364$18,762$10,643
23 years$48,096$37,549$29,001$22,189$16,842$9,254
24 years$45,603$35,181$26,821$20,237$15,138$8,054
25 years$43,313$33,016$24,841$18,482$13,622$7,015
26 years$41,203$31,029$23,039$16,899$12,270$6,114
27 years$39,252$29,202$21,394$15,468$11,062$5,332
28 years$37,444$27,517$19,888$14,172$9,982$4,653
29 years$35,763$25,959$18,508$12,996$9,013$4,062
30 years$34,198$24,516$17,239$11,927$8,144$3,547
31 years$32,736$23,176$16,072$10,954$7,363$3,099
32 years$31,368$21,929$14,995$10,067$6,660$2,708
33 years$30,086$20,767$14,001$9,258$6,028$2,367
34 years$28,882$19,682$13,082$8,518$5,457$2,069
35 years$27,750$18,668$12,231$7,841$4,943$1,809
36 years$26,682$17,719$11,441$7,221$4,479$1,583
37 years$25,675$16,829$10,709$6,654$4,059$1,384
38 years$24,723$15,994$10,028$6,133$3,680$1,211
39 years$23,822$15,208$9,396$5,655$3,337$1,060
40 years$22,968$14,469$8,807$5,216$3,027$927
41 years$22,158$13,774$8,258$4,812$2,746$811
42 years$21,389$13,117$7,746$4,441$2,492$710
43 years$20,657$12,498$7,269$4,100$2,261$622
44 years$19,961$11,913$6,823$3,785$2,053$544
45 years$19,297$11,361$6,406$3,496$1,863$476
46 years$18,664$10,838$6,017$3,229$1,692$417
47 years$18,060$10,342$5,653$2,983$1,536$365
48 years$17,483$9,873$5,312$2,757$1,395$319
49 years$16,931$9,428$4,993$2,548$1,267$280
50 years$16,403$9,006$4,694$2,355$1,151$245

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $16,800,000, adding $3,454 every year, while hoping to spend $42,200 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: 71/5/24 Blend
71$16,800,000$16,800,000$16,800,000$16,800,000
72$18,517,163$17,626,763$17,366,363$19,719,979
73$20,361,013$18,445,574$17,903,235$21,342,775
74$22,391,521$19,303,092$18,456,679$23,113,856
75$24,627,683$20,201,170$19,027,204$25,052,212
76$27,090,428$21,141,748$19,615,337$27,174,451
77$29,802,821$22,126,863$20,221,620$29,498,862
78$32,790,276$23,158,647$20,846,612$32,045,580
79$36,080,801$24,239,337$21,490,890$34,836,778
80$39,705,255$25,371,278$22,155,047$37,896,872
81$43,697,646$26,556,926$22,839,697$41,252,753
82$48,095,449$27,798,858$23,545,469$44,934,031
83$52,939,958$29,099,775$24,273,015$48,973,320
84$58,276,678$30,462,508$25,023,006$53,406,539
85$64,155,754$31,890,026$25,796,131$58,273,250
86$70,632,444$33,385,440$26,593,104$63,617,028
87$77,767,639$34,952,013$27,414,660$69,485,868
88$85,628,441$36,593,164$28,261,553$75,932,640
89$94,288,793$38,312,479$29,134,566$83,015,579
90$103,830,177$40,113,718$30,034,501$90,798,836
91$114,342,386$42,000,822$30,962,188$99,353,080
92$125,924,369$43,977,922$31,918,481$108,756,158
93$138,685,164$46,049,349$32,904,260$119,093,829
94$152,744,931$48,219,647$33,920,433$130,460,574
95$168,236,081$50,493,577$34,967,934$142,960,474
96$185,304,530$52,876,131$36,047,729$156,708,199
97$204,111,074$55,372,544$37,160,810$171,830,081
98$224,832,909$57,988,304$38,308,202$188,465,301
99$247,665,300$60,729,165$39,490,961$206,767,205
100$272,823,427$63,601,160$40,710,175$226,904,739