Can I retire at age 72 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$660,633$654,748$649,007$643,403$637,931$633,380
2 years$327,046$320,955$315,052$309,328$303,777$299,188
3 years$215,865$209,748$203,859$198,190$192,728$188,243
4 years$160,285$154,187$148,357$142,785$137,456$133,109
5 years$126,946$120,884$115,131$109,672$104,492$100,296
6 years$104,727$98,711$93,043$87,706$82,681$78,642
7 years$88,863$82,897$77,319$72,108$67,241$63,362
8 years$76,970$71,058$65,573$60,489$55,783$52,062
9 years$67,725$61,869$56,478$51,524$46,978$43,414
10 years$60,333$54,535$49,239$44,414$40,027$36,620
11 years$54,289$48,549$43,349$38,653$34,425$31,171
12 years$49,256$43,575$38,471$33,904$29,832$26,728
13 years$45,001$39,379$34,371$29,932$26,014$23,057
14 years$41,357$35,794$30,883$26,571$22,804$19,991
15 years$38,201$32,699$27,883$23,696$20,078$17,405
16 years$35,443$30,001$25,280$21,217$17,745$15,208
17 years$33,012$27,629$23,004$19,064$15,734$13,328
18 years$30,853$25,531$21,000$17,180$13,990$11,712
19 years$28,924$23,662$19,224$15,524$12,470$10,314
20 years$27,189$21,988$17,643$14,060$11,138$9,101
21 years$25,622$20,481$16,228$12,760$9,967$8,044
22 years$24,200$19,118$14,957$11,602$8,934$7,121
23 years$22,903$17,881$13,810$10,566$8,020$6,311
24 years$21,716$16,753$12,772$9,637$7,208$5,600
25 years$20,625$15,722$11,829$8,801$6,487$4,974
26 years$19,620$14,776$10,971$8,047$5,843$4,422
27 years$18,691$13,906$10,188$7,366$5,268$3,934
28 years$17,830$13,103$9,471$6,749$4,753$3,503
29 years$17,030$12,362$8,813$6,189$4,292$3,120
30 years$16,285$11,674$8,209$5,680$3,878$2,781
31 years$15,589$11,036$7,653$5,216$3,506$2,480
32 years$14,937$10,442$7,141$4,794$3,172$2,213
33 years$14,327$9,889$6,667$4,408$2,870$1,975
34 years$13,753$9,373$6,229$4,056$2,599$1,763
35 years$13,214$8,890$5,824$3,734$2,354$1,574
36 years$12,706$8,438$5,448$3,439$2,133$1,406
37 years$12,226$8,014$5,100$3,168$1,933$1,257
38 years$11,773$7,616$4,775$2,920$1,752$1,123
39 years$11,344$7,242$4,474$2,693$1,589$1,004
40 years$10,937$6,890$4,194$2,484$1,441$897
41 years$10,552$6,559$3,932$2,291$1,308$802
42 years$10,185$6,246$3,689$2,115$1,187$717
43 years$9,837$5,952$3,461$1,952$1,077$642
44 years$9,505$5,673$3,249$1,803$977$574
45 years$9,189$5,410$3,051$1,665$887$513
46 years$8,888$5,161$2,865$1,538$806$459
47 years$8,600$4,925$2,692$1,421$732$411
48 years$8,325$4,702$2,530$1,313$664$368
49 years$8,062$4,490$2,378$1,213$603$329
50 years$7,811$4,289$2,235$1,121$548$294

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $8,000,000, adding $4,553 every year, while hoping to spend $20,858 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: 42/49/9 Blend
71$8,000,000$8,000,000$8,000,000$8,000,000
72$8,820,696$8,396,696$8,272,696$9,167,714
73$9,698,215$8,785,942$8,527,639$9,799,532
74$10,664,541$9,193,561$8,790,423$10,480,799
75$11,728,711$9,620,433$9,061,289$11,218,001
76$12,900,683$10,067,477$9,340,486$12,016,243
77$14,191,429$10,535,660$9,628,268$12,881,124
78$15,613,039$11,025,992$9,924,900$13,818,784
79$17,178,837$11,539,533$10,230,652$14,835,960
80$18,903,505$12,077,397$10,545,805$15,940,045
81$20,803,220$12,640,747$10,870,647$17,139,153
82$22,895,810$13,230,805$11,205,476$18,442,190
83$25,200,920$13,848,852$11,550,597$19,858,936
84$27,740,199$14,496,230$11,906,326$21,400,129
85$30,537,500$15,174,347$12,272,989$23,077,564
86$33,619,112$15,884,677$12,650,921$24,904,198
87$37,014,002$16,628,766$13,040,468$26,894,265
88$40,754,091$17,408,237$13,441,985$29,063,407
89$44,874,557$18,224,789$13,855,839$31,428,811
90$49,414,161$19,080,204$14,282,410$34,009,371
91$54,415,621$19,976,349$14,722,086$36,825,854
92$59,926,009$20,915,184$15,175,270$39,901,090
93$65,997,195$21,898,762$15,642,375$43,260,183
94$72,686,343$22,929,235$16,123,829$46,930,735
95$80,056,443$24,008,861$16,620,070$50,943,102
96$88,176,910$25,140,005$17,131,552$55,330,670
97$97,124,238$26,325,148$17,658,742$60,130,163
98$106,982,722$27,566,892$18,202,122$65,381,978
99$117,845,253$28,867,963$18,762,187$71,130,556
100$129,814,197$30,231,222$19,339,448$77,424,794