Can I retire at age 72 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,532,930
2 years$805,350$790,351$775,815$761,721$748,050$710,018
3 years$531,567$516,503$502,004$488,042$474,594$437,695
4 years$394,702$379,685$365,330$351,607$338,484$303,002
5 years$312,605$297,677$283,511$270,068$257,310$223,344
6 years$257,891$243,076$229,119$215,975$203,601$171,184
7 years$218,825$204,135$190,399$177,565$165,582$134,720
8 years$189,539$174,981$161,474$148,955$137,366$108,045
9 years$166,773$152,353$139,077$126,877$115,682$87,878
10 years$148,571$134,291$121,251$109,369$98,567$72,249
11 years$133,688$119,552$106,747$95,184$84,771$59,901
12 years$121,294$107,303$94,735$83,489$73,461$49,998
13 years$110,815$96,971$84,640$73,708$64,059$41,958
14 years$101,841$88,144$76,049$65,430$56,154$35,367
15 years$94,071$80,521$68,662$58,352$49,442$29,919
16 years$87,278$73,876$62,253$52,248$43,697$25,387
17 years$81,291$68,037$56,647$46,944$38,745$21,596
18 years$75,975$62,870$51,712$42,306$34,450$18,409
19 years$71,225$58,267$47,339$38,227$30,706$15,721
20 years$66,954$54,144$43,446$34,622$27,427$13,445
21 years$63,095$50,433$39,962$31,422$24,544$11,514
22 years$59,592$47,078$36,831$28,570$22,001$9,870
23 years$56,398$44,031$34,007$26,019$19,749$8,469
24 years$53,475$41,254$31,451$23,731$17,751$7,273
25 years$50,790$38,715$29,130$21,672$15,973$6,249
26 years$48,315$36,386$27,016$19,816$14,388$5,373
27 years$46,027$34,243$25,087$18,138$12,972$4,622
28 years$43,907$32,267$23,322$16,618$11,705$3,978
29 years$41,936$30,440$21,703$15,239$10,569$3,424
30 years$40,101$28,748$20,215$13,986$9,550$2,949
31 years$38,387$27,176$18,846$12,845$8,634$2,540
32 years$36,783$25,714$17,584$11,805$7,810$2,188
33 years$35,280$24,352$16,418$10,856$7,068$1,886
34 years$33,868$23,080$15,340$9,988$6,399$1,625
35 years$32,540$21,891$14,342$9,195$5,796$1,401
36 years$31,288$20,778$13,416$8,468$5,252$1,208
37 years$30,107$19,734$12,558$7,802$4,760$1,042
38 years$28,991$18,754$11,760$7,191$4,315$898
39 years$27,934$17,834$11,017$6,631$3,913$775
40 years$26,933$16,967$10,327$6,116$3,549$668
41 years$25,983$16,151$9,683$5,643$3,220$576
42 years$25,081$15,382$9,083$5,208$2,922$497
43 years$24,223$14,656$8,523$4,807$2,652$429
44 years$23,406$13,970$8,001$4,439$2,407$370
45 years$22,628$13,322$7,512$4,099$2,185$319
46 years$21,886$12,708$7,056$3,787$1,984$275
47 years$21,178$12,128$6,629$3,498$1,802$237
48 years$20,501$11,577$6,229$3,233$1,636$205
49 years$19,854$11,056$5,855$2,987$1,486$177
50 years$19,234$10,561$5,505$2,761$1,350$152

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $19,700,000, adding $3,075 every year, while hoping to spend $57,668 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: 86/6/8 Blend
71$19,700,000$19,700,000$19,700,000$19,700,000
72$21,712,572$20,668,472$20,363,122$23,561,639
73$23,865,896$21,619,869$20,983,928$25,719,620
74$26,236,926$22,615,951$21,623,599$28,082,454
75$28,847,808$23,658,848$22,282,704$30,677,160
76$31,722,943$24,750,790$22,961,834$33,527,052
77$34,889,221$25,894,117$23,661,593$36,657,812
78$38,376,271$27,091,278$24,382,606$40,097,726
79$42,216,743$28,344,843$25,125,515$43,877,952
80$46,446,615$29,657,504$25,890,984$48,032,812
81$51,105,533$31,032,085$26,679,695$52,600,112
82$56,237,183$32,471,543$27,492,351$57,621,501
83$61,889,706$33,978,980$28,329,676$63,142,857
84$68,116,152$35,557,645$29,192,415$69,214,722
85$74,974,976$37,210,946$30,081,337$75,892,775
86$82,530,595$38,942,455$30,997,235$83,238,357
87$90,853,996$40,755,915$31,940,922$91,319,043
88$100,023,400$42,655,251$32,913,239$100,209,284
89$110,125,005$44,644,576$33,915,051$109,991,103
90$121,253,799$46,728,205$34,947,249$120,754,866
91$133,514,456$48,910,656$36,010,751$132,600,135
92$147,022,322$51,196,669$37,106,502$145,636,603
93$161,904,506$53,591,213$38,235,477$159,985,128
94$178,301,079$56,099,496$39,398,679$175,778,869
95$196,366,395$58,726,978$40,597,141$193,164,539
96$216,270,550$61,479,382$41,831,928$212,303,789
97$238,200,984$64,362,710$43,104,135$233,374,731
98$262,364,254$67,383,252$44,414,893$256,573,611
99$288,987,980$70,547,604$45,765,365$282,116,662
100$318,322,998$73,862,680$47,156,748$310,242,140