Can I retire at age 72 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,559,442
2 years$817,615$802,387$787,630$773,321$759,442$723,975
3 years$539,662$524,369$509,648$495,474$481,821$447,381
4 years$400,713$385,467$370,894$356,961$343,639$310,490
5 years$317,365$302,211$287,829$274,180$261,229$229,465
6 years$261,818$246,778$232,608$219,264$206,701$176,356
7 years$222,157$207,243$193,299$180,269$168,104$139,182
8 years$192,425$177,646$163,933$151,223$139,458$111,950
9 years$169,313$154,673$141,195$128,809$117,444$91,329
10 years$150,833$136,336$123,097$111,034$100,068$75,319
11 years$135,724$121,372$108,373$96,633$86,062$62,646
12 years$123,141$108,937$96,178$84,760$74,579$52,460
13 years$112,503$98,447$85,929$74,831$65,035$44,171
14 years$103,392$89,486$77,207$66,426$57,009$37,360
15 years$95,503$81,747$69,708$59,241$50,195$31,716
16 years$88,608$75,001$63,201$53,044$44,363$27,007
17 years$82,529$69,073$57,510$47,659$39,335$23,057
18 years$77,132$63,827$52,499$42,951$34,975$19,727
19 years$72,309$59,154$48,060$38,809$31,174$16,909
20 years$67,974$54,969$44,107$35,149$27,845$14,517
21 years$64,056$51,201$40,570$31,900$24,918$12,479
22 years$60,500$47,795$37,392$29,005$22,336$10,739
23 years$57,257$44,701$34,525$26,415$20,050$9,251
24 years$54,289$41,882$31,930$24,092$18,021$7,975
25 years$51,563$39,304$29,573$22,002$16,216$6,880
26 years$49,051$36,940$27,428$20,118$14,607$5,939
27 years$46,728$34,765$25,469$18,414$13,170$5,130
28 years$44,576$32,759$23,677$16,871$11,883$4,433
29 years$42,575$30,904$22,033$15,471$10,730$3,832
30 years$40,711$29,186$20,523$14,199$9,695$3,313
31 years$38,971$27,590$19,133$13,041$8,766$2,866
32 years$37,343$26,106$17,851$11,985$7,929$2,480
33 years$35,817$24,723$16,668$11,021$7,176$2,146
34 years$34,384$23,431$15,574$10,140$6,497$1,857
35 years$33,035$22,224$14,560$9,335$5,884$1,608
36 years$31,765$21,094$13,621$8,597$5,332$1,392
37 years$30,565$20,035$12,749$7,921$4,832$1,205
38 years$29,432$19,040$11,939$7,301$4,381$1,044
39 years$28,360$18,105$11,185$6,732$3,973$904
40 years$27,343$17,226$10,484$6,209$3,603$783
41 years$26,379$16,397$9,831$5,729$3,269$678
42 years$25,463$15,616$9,221$5,287$2,966$587
43 years$24,592$14,879$8,653$4,880$2,692$509
44 years$23,763$14,183$8,122$4,506$2,444$441
45 years$22,973$13,525$7,627$4,162$2,218$382
46 years$22,219$12,902$7,163$3,844$2,014$331
47 years$21,500$12,312$6,730$3,552$1,829$287
48 years$20,813$11,754$6,324$3,282$1,661$248
49 years$20,156$11,224$5,944$3,033$1,509$215
50 years$19,527$10,722$5,588$2,803$1,370$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $20,000,000, adding $5,814 every year, while hoping to spend $38,846 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: 56/27/17 Blend
71$20,000,000$20,000,000$20,000,000$20,000,000
72$22,045,997$20,985,997$20,675,997$23,181,103
73$24,253,357$21,972,979$21,327,311$24,940,884
74$26,684,566$23,007,021$21,999,142$26,852,239
75$29,362,415$24,090,389$22,692,137$28,933,493
76$32,312,019$25,225,456$23,406,961$31,200,934
77$35,561,054$26,414,712$24,144,304$33,672,468
78$39,140,016$27,660,768$24,904,873$36,367,778
79$43,082,513$28,966,361$25,689,401$39,308,508
80$47,425,576$30,334,359$26,498,643$42,518,456
81$52,210,014$31,767,771$27,333,376$46,023,795
82$57,480,795$33,269,752$28,194,404$49,853,311
83$63,287,476$34,843,610$29,082,556$54,038,668
84$69,684,662$36,492,810$29,998,686$58,614,697
85$76,732,530$38,220,990$30,943,674$63,619,719
86$84,497,392$40,031,963$31,918,431$69,095,896
87$93,052,321$41,929,724$32,923,893$75,089,619
88$102,477,843$43,918,466$33,961,029$81,651,941
89$112,862,695$46,002,582$35,030,836$88,839,043
90$124,304,663$48,186,683$36,134,342$96,712,756
91$136,911,507$50,475,598$37,272,611$105,341,137
92$150,801,973$52,874,395$38,446,735$114,799,093
93$166,106,919$55,388,385$39,657,847$125,169,084
94$182,970,550$58,023,141$40,907,109$136,541,883
95$201,551,773$60,784,502$42,195,725$149,017,421
96$222,025,706$63,678,594$43,524,933$162,705,719
97$244,585,322$66,711,840$44,896,013$177,727,910
98$269,443,279$69,890,974$46,310,283$194,217,367
99$296,833,920$73,223,059$47,769,104$212,320,948
100$327,015,491$76,715,499$49,273,880$232,200,367