Can I retire at age 72 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,319,621
2 years$694,972$682,029$669,485$657,323$645,526$609,525
3 years$458,713$445,714$433,201$421,153$409,548$374,656
4 years$340,606$327,647$315,260$303,417$292,093$258,577
5 years$269,760$256,879$244,654$233,053$222,044$189,998
6 years$222,546$209,761$197,717$186,375$175,696$145,150
7 years$188,834$176,157$164,304$153,229$142,888$113,843
8 years$163,562$150,999$139,343$128,540$118,539$90,982
9 years$143,916$131,472$120,016$109,487$99,827$73,733
10 years$128,208$115,886$104,632$94,379$85,058$60,393
11 years$115,365$103,166$92,117$82,138$73,153$49,880
12 years$104,670$92,597$81,751$72,046$63,393$41,470
13 years$95,628$83,680$73,039$63,606$55,280$34,662
14 years$87,883$76,063$65,626$56,462$48,458$29,097
15 years$81,178$69,485$59,252$50,355$42,666$24,512
16 years$75,316$63,751$53,720$45,087$37,708$20,710
17 years$70,150$58,712$48,883$40,510$33,435$17,540
18 years$65,562$54,253$44,624$36,508$29,729$14,886
19 years$61,463$50,281$40,851$32,988$26,498$12,655
20 years$57,778$46,724$37,491$29,877$23,668$10,774
21 years$54,448$43,521$34,485$27,115$21,180$9,184
22 years$51,425$40,625$31,783$24,654$18,985$7,836
23 years$48,669$37,996$29,346$22,453$17,042$6,692
24 years$46,146$35,600$27,140$20,478$15,318$5,720
25 years$43,829$33,409$25,137$18,702$13,784$4,891
26 years$41,693$31,399$23,313$17,100$12,416$4,185
27 years$39,719$29,550$21,649$15,652$11,194$3,583
28 years$37,889$27,845$20,125$14,341$10,101$3,068
29 years$36,189$26,268$18,728$13,151$9,121$2,628
30 years$34,605$24,808$17,445$12,069$8,241$2,252
31 years$33,126$23,452$16,263$11,085$7,451$1,930
32 years$31,742$22,190$15,174$10,187$6,740$1,655
33 years$30,445$21,014$14,168$9,368$6,099$1,419
34 years$29,226$19,917$13,238$8,619$5,522$1,217
35 years$28,080$18,891$12,376$7,934$5,002$1,044
36 years$27,000$17,930$11,578$7,307$4,532$895
37 years$25,981$17,029$10,836$6,733$4,107$768
38 years$25,017$16,184$10,148$6,206$3,724$659
39 years$24,106$15,389$9,507$5,722$3,377$565
40 years$23,242$14,642$8,911$5,278$3,063$485
41 years$22,422$13,938$8,356$4,869$2,779$416
42 years$21,643$13,274$7,838$4,494$2,521$357
43 years$20,903$12,647$7,355$4,148$2,288$307
44 years$20,198$12,055$6,904$3,830$2,077$263
45 years$19,527$11,496$6,483$3,537$1,886$226
46 years$18,886$10,967$6,089$3,268$1,712$194
47 years$18,275$10,465$5,720$3,019$1,555$166
48 years$17,691$9,991$5,375$2,790$1,412$143
49 years$17,132$9,541$5,053$2,578$1,282$123
50 years$16,598$9,114$4,750$2,383$1,165$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $17,000,000, adding $4,601 every year, while hoping to spend $36,521 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: 63/15/22 Blend
71$17,000,000$17,000,000$17,000,000$17,000,000
72$18,738,746$17,837,746$17,574,246$19,811,813
73$20,611,240$18,672,937$18,124,125$21,371,697
74$22,673,504$19,547,829$18,691,201$23,070,142
75$24,944,857$20,464,328$19,276,012$24,924,331
76$27,446,586$21,424,433$19,879,111$26,949,483
77$30,202,147$22,430,240$20,501,071$29,162,344
78$33,237,390$23,483,946$21,142,481$31,581,339
79$36,580,798$24,587,854$21,803,948$34,226,744
80$40,263,760$25,744,379$22,486,101$37,120,874
81$44,320,862$26,956,053$23,189,585$40,288,286
82$48,790,221$28,225,530$23,915,066$43,756,012
83$53,713,836$29,555,593$24,663,233$47,553,805
84$59,137,991$30,949,161$25,434,795$51,714,418
85$65,113,687$32,409,291$26,230,483$56,273,908
86$71,697,129$33,939,192$27,051,049$61,271,971
87$78,950,250$35,542,227$27,897,274$66,752,311
88$86,941,300$37,221,920$28,769,957$72,763,048
89$95,745,488$38,981,969$29,669,925$79,357,167
90$105,445,693$40,826,251$30,598,033$86,593,012
91$116,133,245$42,758,828$31,555,158$94,534,828
92$127,908,787$44,783,963$32,542,208$103,253,365
93$140,883,229$46,906,122$33,560,117$112,826,539
94$155,178,788$49,129,991$34,609,850$123,340,157
95$170,930,146$51,460,483$35,692,402$134,888,723
96$188,285,720$53,902,746$36,808,797$147,576,321
97$207,409,066$56,462,183$37,960,094$161,517,589
98$228,480,416$59,144,455$39,147,382$176,838,798
99$251,698,386$61,955,501$40,371,787$193,679,027
100$277,281,847$64,901,546$41,634,468$212,191,473