Can I retire at age 72 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,529,827
2 years$797,174$782,328$767,939$753,988$740,456$715,207
3 years$526,170$511,260$496,907$483,087$469,776$445,193
4 years$390,695$375,830$361,621$348,037$335,048$311,322
5 years$309,431$294,655$280,633$267,326$254,698$231,897
6 years$255,273$240,608$226,793$213,783$201,534$179,684
7 years$216,603$202,062$188,466$175,763$163,901$143,009
8 years$187,615$173,205$159,834$147,443$135,972$116,033
9 years$165,080$150,806$137,665$125,589$114,508$95,513
10 years$147,062$132,928$120,020$108,259$97,566$79,499
11 years$132,330$118,338$105,663$94,217$83,910$66,752
12 years$120,063$106,214$93,774$82,641$72,715$56,443
13 years$109,690$95,986$83,780$72,960$63,409$48,000
14 years$100,807$87,249$75,277$64,766$55,584$41,013
15 years$93,116$79,703$67,965$57,760$48,940$35,180
16 years$86,392$73,126$61,620$51,717$43,254$30,275
17 years$80,466$67,347$56,072$46,468$38,352$26,126
18 years$75,204$62,231$51,187$41,877$34,101$22,599
19 years$70,501$57,675$46,859$37,839$30,395$19,587
20 years$66,274$53,595$43,005$34,271$27,149$17,006
21 years$62,455$49,921$39,556$31,103$24,295$14,786
22 years$58,987$46,600$36,457$28,280$21,777$12,872
23 years$55,826$43,584$33,662$25,755$19,549$11,219
24 years$52,932$40,835$31,131$23,490$17,571$9,787
25 years$50,274$38,322$28,834$21,452$15,811$8,544
26 years$47,824$36,016$26,742$19,615$14,242$7,465
27 years$45,560$33,896$24,832$17,954$12,840$6,526
28 years$43,461$31,940$23,085$16,450$11,586$5,708
29 years$41,511$30,131$21,482$15,085$10,462$4,995
30 years$39,694$28,456$20,010$13,844$9,453$4,373
31 years$37,997$26,900$18,655$12,715$8,546$3,830
32 years$36,410$25,453$17,405$11,685$7,731$3,355
33 years$34,922$24,105$16,251$10,745$6,996$2,940
34 years$33,524$22,846$15,184$9,887$6,334$2,577
35 years$32,209$21,669$14,196$9,101$5,737$2,259
36 years$30,971$20,567$13,280$8,382$5,198$1,981
37 years$29,801$19,534$12,430$7,723$4,711$1,737
38 years$28,696$18,564$11,640$7,118$4,271$1,524
39 years$27,651$17,653$10,906$6,564$3,873$1,336
40 years$26,660$16,795$10,222$6,054$3,513$1,172
41 years$25,719$15,987$9,585$5,585$3,187$1,029
42 years$24,826$15,226$8,991$5,155$2,892$903
43 years$23,977$14,507$8,437$4,758$2,625$792
44 years$23,169$13,828$7,919$4,394$2,383$695
45 years$22,399$13,186$7,436$4,058$2,163$610
46 years$21,664$12,579$6,984$3,748$1,964$535
47 years$20,963$12,005$6,561$3,463$1,783$470
48 years$20,293$11,460$6,166$3,200$1,619$412
49 years$19,652$10,944$5,796$2,957$1,471$362
50 years$19,039$10,454$5,449$2,733$1,336$318

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $19,500,000, adding $6,851 every year, while hoping to spend $48,808 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: 40/43/17 Blend
71$19,500,000$19,500,000$19,500,000$19,500,000
72$21,496,067$20,462,567$20,160,317$22,247,106
73$23,636,734$21,413,301$20,783,756$23,733,081
74$25,994,114$22,408,986$21,426,445$25,334,365
75$28,590,259$23,451,772$22,088,976$27,065,633
76$31,449,470$24,543,913$22,771,962$28,938,720
77$34,598,526$25,687,775$23,476,032$30,966,608
78$38,066,933$26,885,833$24,201,837$33,163,536
79$41,887,208$28,140,687$24,950,046$35,545,126
80$46,095,180$29,455,057$25,721,349$38,128,520
81$50,730,333$30,831,800$26,516,459$40,932,537
82$55,836,176$32,273,906$27,336,109$43,977,833
83$61,460,651$33,784,513$28,181,054$47,287,090
84$67,656,592$35,366,909$29,052,074$50,885,217
85$74,482,219$37,024,542$29,949,973$54,799,573
86$82,001,686$38,761,025$30,875,577$59,060,214
87$90,285,690$40,580,147$31,829,742$63,700,162
88$99,412,137$42,485,882$32,813,345$68,755,705
89$109,466,878$44,482,392$33,827,294$74,266,722
90$120,544,515$46,574,045$34,872,524$80,277,049
91$132,749,299$48,765,417$35,949,998$86,834,875
92$146,196,113$51,061,308$37,060,708$93,993,177
93$161,011,553$53,466,748$38,205,678$101,810,209
94$177,335,126$55,987,013$39,385,962$110,350,032
95$195,320,565$58,627,634$40,602,649$119,683,096
96$215,137,283$61,394,408$41,856,858$129,886,892
97$236,971,968$64,293,416$43,149,745$141,046,656
98$261,030,348$67,331,033$44,482,500$153,256,158
99$287,539,130$70,513,940$45,856,351$166,618,562
100$316,748,144$73,849,146$47,272,561$181,247,375