Can I retire at age 72 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,490,315
2 years$768,558$754,244$740,372$726,922$713,875$704,974
3 years$507,282$492,907$479,070$465,746$452,912$444,208
4 years$376,670$362,339$348,640$335,544$323,021$314,581
5 years$298,323$284,078$270,559$257,730$245,555$237,404
6 years$246,109$231,971$218,652$206,108$194,299$186,448
7 years$208,828$194,809$181,701$169,453$158,017$150,470
8 years$180,880$166,987$154,097$142,150$131,091$123,847
9 years$159,154$145,392$132,723$121,080$110,397$103,456
10 years$141,783$128,156$115,711$104,372$94,064$87,421
11 years$127,580$114,090$101,870$90,835$80,898$74,550
12 years$115,753$102,401$90,407$79,675$70,105$64,045
13 years$105,753$92,541$80,773$70,341$61,133$55,355
14 years$97,189$84,117$72,575$62,441$53,589$48,087
15 years$89,773$76,842$65,525$55,686$47,184$41,951
16 years$83,291$70,501$59,408$49,861$41,701$36,730
17 years$77,577$64,929$54,059$44,800$36,975$32,258
18 years$72,504$59,997$49,349$40,373$32,876$28,405
19 years$67,971$55,605$45,177$36,481$29,303$25,069
20 years$63,895$51,671$41,461$33,040$26,174$22,169
21 years$60,213$48,129$38,136$29,986$23,423$19,638
22 years$56,870$44,927$35,148$27,264$20,996$17,422
23 years$53,822$42,019$32,453$24,830$18,847$15,477
24 years$51,032$39,369$30,014$22,647$16,940$13,765
25 years$48,469$36,946$27,799$20,682$15,243$12,255
26 years$46,108$34,723$25,782$18,911$13,731$10,920
27 years$43,925$32,679$23,941$17,309$12,379$9,738
28 years$41,901$30,793$22,256$15,859$11,170$8,691
29 years$40,021$29,050$20,711$14,543$10,086$7,761
30 years$38,269$27,434$19,292$13,347$9,114$6,934
31 years$36,633$25,935$17,985$12,258$8,240$6,199
32 years$35,103$24,539$16,780$11,266$7,453$5,544
33 years$33,668$23,239$15,668$10,360$6,745$4,960
34 years$32,321$22,026$14,639$9,532$6,107$4,439
35 years$31,053$20,891$13,687$8,775$5,531$3,974
36 years$29,859$19,828$12,804$8,081$5,012$3,559
37 years$28,732$18,833$11,984$7,446$4,542$3,188
38 years$27,666$17,898$11,222$6,863$4,118$2,856
39 years$26,658$17,019$10,514$6,328$3,734$2,559
40 years$25,703$16,192$9,855$5,837$3,387$2,294
41 years$24,796$15,413$9,241$5,385$3,073$2,056
42 years$23,935$14,679$8,668$4,970$2,788$1,844
43 years$23,116$13,986$8,134$4,588$2,531$1,653
44 years$22,337$13,332$7,635$4,236$2,297$1,483
45 years$21,594$12,713$7,169$3,912$2,085$1,330
46 years$20,886$12,128$6,733$3,614$1,893$1,193
47 years$20,210$11,574$6,326$3,338$1,719$1,070
48 years$19,564$11,049$5,945$3,085$1,561$960
49 years$18,946$10,551$5,588$2,851$1,418$861
50 years$18,355$10,079$5,253$2,635$1,288$772

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $18,800,000, adding $4,687 every year, while hoping to spend $48,770 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: 57/29/14 Blend
71$18,800,000$18,800,000$18,800,000$18,800,000
72$20,722,435$19,726,035$19,434,635$21,829,072
73$22,784,232$20,640,719$20,033,804$23,493,490
74$25,054,698$21,598,589$20,651,411$25,300,541
75$27,555,066$22,601,709$21,288,022$27,268,522
76$30,308,732$23,652,242$21,944,220$29,412,872
77$33,341,478$24,752,457$22,620,606$31,750,562
78$36,681,714$25,904,732$23,317,802$34,300,251
79$40,360,745$27,111,560$24,036,444$37,082,454
80$44,413,068$28,375,554$24,777,192$40,119,731
81$48,876,697$29,699,452$25,540,725$43,436,890
82$53,793,522$31,086,127$26,327,741$47,061,219
83$59,209,702$32,538,588$27,138,961$51,022,734
84$65,176,103$34,059,991$27,975,128$55,354,452
85$71,748,779$35,653,643$28,837,007$60,092,699
86$78,989,495$37,323,013$29,725,388$65,277,444
87$86,966,318$39,071,735$30,641,083$70,952,665
88$95,754,254$40,903,622$31,584,931$77,166,757
89$105,435,957$42,822,668$32,557,795$83,972,979
90$116,102,509$44,833,062$33,560,565$91,429,947
91$127,854,279$46,939,197$34,594,159$99,602,175
92$140,801,874$49,145,676$35,659,521$108,560,677
93$155,067,176$51,457,325$36,757,626$118,383,623
94$170,784,500$53,879,206$37,889,479$129,157,066
95$188,101,856$56,416,624$39,056,113$140,975,739
96$207,182,348$59,075,142$40,258,596$153,943,944
97$228,205,715$61,860,591$41,498,026$168,176,513
98$251,370,025$64,779,086$42,775,537$183,799,886
99$276,893,544$67,837,039$44,092,294$200,953,284
100$305,016,802$71,041,170$45,449,502$219,790,013