Can I retire at age 72 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,425,702
2 years$735,853$722,148$708,867$695,989$683,498$673,772
3 years$485,696$471,932$458,684$445,927$433,639$424,132
4 years$360,642$346,920$333,804$321,265$309,275$300,060
5 years$285,629$271,990$259,046$246,762$235,106$226,210
6 years$235,636$222,100$209,347$197,338$186,031$177,466
7 years$199,942$186,519$173,969$162,242$151,293$143,063
8 years$173,183$159,881$147,539$136,101$125,512$117,617
9 years$152,381$139,205$127,076$115,928$105,700$98,137
10 years$135,750$122,703$110,787$99,931$90,061$82,828
11 years$122,151$109,235$97,535$86,970$77,456$70,546
12 years$110,827$98,044$86,560$76,284$67,122$60,529
13 years$101,253$88,603$77,336$67,348$58,531$52,250
14 years$93,053$80,537$69,487$59,784$51,308$45,330
15 years$85,953$73,572$62,737$53,317$45,176$39,494
16 years$79,747$67,501$56,880$47,739$39,926$34,531
17 years$74,276$62,166$51,759$42,893$35,402$30,285
18 years$69,419$57,444$47,249$38,655$31,477$26,630
19 years$65,078$53,239$43,254$34,929$28,057$23,469
20 years$61,176$49,472$39,697$31,634$25,061$20,724
21 years$57,651$46,081$36,513$28,710$22,426$18,331
22 years$54,450$43,015$33,653$26,104$20,102$16,239
23 years$51,531$40,231$31,072$23,774$18,045$14,404
24 years$48,860$37,694$28,737$21,683$16,219$12,791
25 years$46,407$35,374$26,616$19,802$14,595$11,370
26 years$44,146$33,246$24,685$18,106$13,146$10,116
27 years$42,055$31,288$22,922$16,573$11,853$9,007
28 years$40,118$29,483$21,309$15,184$10,695$8,025
29 years$38,318$27,814$19,830$13,924$9,657$7,155
30 years$36,640$26,267$18,471$12,779$8,726$6,383
31 years$35,074$24,831$17,220$11,737$7,889$5,696
32 years$33,609$23,495$16,066$10,786$7,136$5,086
33 years$32,235$22,250$15,001$9,919$6,458$4,543
34 years$30,945$21,088$14,016$9,126$5,847$4,059
35 years$29,732$20,002$13,104$8,401$5,296$3,628
36 years$28,588$18,985$12,259$7,737$4,798$3,243
37 years$27,509$18,031$11,474$7,129$4,349$2,900
38 years$26,489$17,136$10,745$6,571$3,943$2,594
39 years$25,524$16,295$10,067$6,059$3,575$2,321
40 years$24,609$15,503$9,436$5,588$3,243$2,077
41 years$23,741$14,757$8,848$5,156$2,942$1,858
42 years$22,917$14,054$8,299$4,758$2,670$1,663
43 years$22,133$13,391$7,788$4,392$2,423$1,489
44 years$21,387$12,764$7,310$4,056$2,199$1,333
45 years$20,676$12,172$6,864$3,745$1,997$1,193
46 years$19,997$11,612$6,447$3,460$1,813$1,068
47 years$19,350$11,081$6,057$3,196$1,646$957
48 years$18,732$10,578$5,692$2,954$1,495$857
49 years$18,140$10,102$5,350$2,730$1,358$767
50 years$17,574$9,650$5,030$2,523$1,233$687

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $18,000,000, adding $6,694 every year, while hoping to spend $58,040 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: 24/48/28 Blend
71$18,000,000$18,000,000$18,000,000$18,000,000
72$19,842,905$18,888,905$18,609,905$20,143,931
73$21,805,127$19,752,707$19,171,583$21,264,319
74$23,965,551$20,656,890$19,750,131$22,458,514
75$26,344,331$21,603,372$20,346,055$23,736,790
76$28,963,677$22,594,162$20,959,872$25,106,182
77$31,848,062$23,631,365$21,592,117$26,574,379
78$35,024,451$24,717,189$22,243,340$28,149,782
79$38,522,561$25,853,947$22,914,108$29,841,579
80$42,375,135$27,044,063$23,605,003$31,659,821
81$46,618,254$28,290,078$24,316,626$33,615,503
82$51,291,679$29,594,654$25,049,596$35,720,660
83$56,439,221$30,960,584$25,804,548$37,988,470
84$62,109,160$32,390,791$26,582,139$40,433,365
85$68,354,696$33,888,342$27,383,043$43,071,154
86$75,234,455$35,456,450$28,207,955$45,919,162
87$82,813,039$37,098,485$29,057,591$48,996,378
88$91,161,635$38,817,977$29,932,686$52,323,620
89$100,358,690$40,618,626$30,833,999$55,923,720
90$110,490,649$42,504,312$31,762,311$59,821,719
91$121,652,773$44,479,101$32,718,426$64,045,093
92$133,950,034$46,547,255$33,703,171$68,623,990
93$147,498,108$48,713,242$34,717,399$73,591,501
94$162,424,470$50,981,745$35,761,986$78,983,952
95$178,869,589$53,357,673$36,837,836$84,841,228
96$196,988,261$55,846,174$37,945,878$91,207,130
97$216,951,069$58,452,641$39,087,069$98,129,768
98$238,945,987$61,182,730$40,262,396$105,661,989
99$263,180,164$64,042,370$41,472,872$113,861,860
100$289,881,870$67,037,775$42,719,543$122,793,185