Can I retire at age 72 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,354,413
2 years$703,148$690,053$677,361$665,056$653,120$635,875
3 years$464,109$450,957$438,298$426,108$414,366$397,550
4 years$344,613$331,501$318,968$306,987$295,529$279,272
5 years$272,934$259,901$247,533$235,795$224,657$209,006
6 years$225,164$212,229$200,043$188,567$177,763$162,737
7 years$191,055$178,229$166,237$155,032$144,569$130,174
8 years$165,486$152,776$140,982$130,052$119,934$106,168
9 years$145,609$133,019$121,428$110,776$101,002$87,859
10 years$129,717$117,249$105,863$95,490$86,059$73,530
11 years$116,722$104,380$93,200$83,105$74,013$62,088
12 years$105,901$93,686$82,713$72,894$64,138$52,803
13 years$96,753$84,665$73,899$64,354$55,930$45,170
14 years$88,917$76,958$66,398$57,127$49,028$38,828
15 years$82,133$70,302$59,949$50,947$43,168$33,511
16 years$76,202$64,501$54,352$45,617$38,152$29,020
17 years$70,975$59,403$49,458$40,987$33,828$25,204
18 years$66,334$54,891$45,149$36,937$30,078$21,943
19 years$62,186$50,873$41,332$33,376$26,810$19,144
20 years$58,457$47,273$37,932$30,229$23,947$16,732
21 years$55,088$44,033$34,890$27,434$21,430$14,647
22 years$52,030$41,103$32,157$24,944$19,209$12,839
23 years$49,241$38,443$29,691$22,717$17,243$11,268
24 years$46,689$36,019$27,459$20,719$15,498$9,898
25 years$44,344$33,802$25,433$18,922$13,946$8,703
26 years$42,184$31,768$23,588$17,301$12,562$7,659
27 years$40,186$29,898$21,903$15,836$11,326$6,744
28 years$38,335$28,172$20,362$14,509$10,219$5,942
29 years$36,615$26,577$18,949$13,305$9,228$5,238
30 years$35,012$25,100$17,650$12,211$8,338$4,619
31 years$33,515$23,727$16,454$11,215$7,538$4,076
32 years$32,115$22,451$15,352$10,307$6,819$3,597
33 years$30,803$21,261$14,334$9,478$6,171$3,176
34 years$29,570$20,151$13,393$8,721$5,587$2,805
35 years$28,410$19,113$12,522$8,028$5,061$2,478
36 years$27,318$18,141$11,714$7,393$4,585$2,189
37 years$26,286$17,230$10,964$6,812$4,156$1,934
38 years$25,312$16,374$10,267$6,279$3,768$1,710
39 years$24,389$15,570$9,619$5,789$3,417$1,511
40 years$23,515$14,814$9,016$5,340$3,099$1,336
41 years$22,686$14,102$8,454$4,927$2,811$1,181
42 years$21,898$13,430$7,930$4,547$2,551$1,045
43 years$21,149$12,796$7,442$4,197$2,315$924
44 years$20,436$12,197$6,985$3,875$2,102$817
45 years$19,757$11,631$6,559$3,579$1,908$723
46 years$19,109$11,096$6,160$3,306$1,732$639
47 years$18,490$10,589$5,788$3,054$1,573$565
48 years$17,899$10,108$5,439$2,822$1,428$500
49 years$17,334$9,653$5,112$2,608$1,297$443
50 years$16,793$9,221$4,806$2,411$1,178$392

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $17,200,000, adding $5,990 every year, while hoping to spend $26,151 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: 46/25/29 Blend
71$17,200,000$17,200,000$17,200,000$17,200,000
72$18,960,579$18,048,979$17,782,379$19,674,061
73$20,866,733$18,905,554$18,350,264$21,037,512
74$22,966,439$19,803,225$18,936,297$22,513,012
75$25,279,411$20,743,978$19,541,058$24,113,535
76$27,827,373$21,729,896$20,165,146$25,850,817
77$30,634,266$22,763,161$20,809,178$27,737,754
78$33,726,469$23,846,064$21,473,794$29,788,509
79$37,133,054$24,981,006$22,159,651$32,018,645
80$40,886,054$26,170,505$22,867,428$34,445,266
81$45,020,772$27,417,199$23,597,827$37,087,170
82$49,576,107$28,723,859$24,351,571$39,965,017
83$54,594,928$30,093,386$25,129,407$43,101,526
84$60,124,474$31,528,825$25,932,105$46,521,670
85$66,216,801$33,033,368$26,760,461$50,252,914
86$72,929,273$34,610,361$27,615,295$54,325,461
87$80,325,105$36,263,315$28,497,454$58,772,530
88$88,473,960$37,995,912$29,407,812$63,630,662
89$97,452,602$39,812,009$30,347,272$68,940,053
90$107,345,626$41,715,656$31,316,764$74,744,927
91$118,246,253$43,711,097$32,317,249$81,093,940
92$130,257,212$45,802,783$33,349,719$88,040,632
93$143,491,710$47,995,381$34,415,196$95,643,921
94$158,074,496$50,293,786$35,514,737$103,968,645
95$174,143,046$52,703,133$36,649,432$113,086,166
96$191,848,854$55,228,803$37,820,405$123,075,029
97$211,358,865$57,876,443$39,028,817$134,021,689
98$232,857,052$60,651,972$40,275,865$146,021,319
99$256,546,152$63,561,598$41,562,787$159,178,688
100$282,649,576$66,611,834$42,890,857$173,609,138