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%13.3%
1 years$660,633$654,748$649,007$643,403$637,931$629,178
2 years$327,046$320,955$315,052$309,328$303,777$294,973
3 years$215,865$209,748$203,859$198,190$192,728$184,148
4 years$160,285$154,187$148,357$142,785$137,456$129,165
5 years$126,946$120,884$115,131$109,672$104,492$96,515
6 years$104,727$98,711$93,043$87,706$82,681$75,027
7 years$88,863$82,897$77,319$72,108$67,241$59,914
8 years$76,970$71,058$65,573$60,489$55,783$48,781
9 years$67,725$61,869$56,478$51,524$46,978$40,297
10 years$60,333$54,535$49,239$44,414$40,027$33,664
11 years$54,289$48,549$43,349$38,653$34,425$28,372
12 years$49,256$43,575$38,471$33,904$29,832$24,083
13 years$45,001$39,379$34,371$29,932$26,014$20,561
14 years$41,357$35,794$30,883$26,571$22,804$17,639
15 years$38,201$32,699$27,883$23,696$20,078$15,193
16 years$35,443$30,001$25,280$21,217$17,745$13,129
17 years$33,012$27,629$23,004$19,064$15,734$11,379
18 years$30,853$25,531$21,000$17,180$13,990$9,885
19 years$28,924$23,662$19,224$15,524$12,470$8,605
20 years$27,189$21,988$17,643$14,060$11,138$7,505
21 years$25,622$20,481$16,228$12,760$9,967$6,555
22 years$24,200$19,118$14,957$11,602$8,934$5,732
23 years$22,903$17,881$13,810$10,566$8,020$5,019
24 years$21,716$16,753$12,772$9,637$7,208$4,399
25 years$20,625$15,722$11,829$8,801$6,487$3,859
26 years$19,620$14,776$10,971$8,047$5,843$3,388
27 years$18,691$13,906$10,188$7,366$5,268$2,976
28 years$17,830$13,103$9,471$6,749$4,753$2,615
29 years$17,030$12,362$8,813$6,189$4,292$2,300
30 years$16,285$11,674$8,209$5,680$3,878$2,024
31 years$15,589$11,036$7,653$5,216$3,506$1,781
32 years$14,937$10,442$7,141$4,794$3,172$1,568
33 years$14,327$9,889$6,667$4,408$2,870$1,381
34 years$13,753$9,373$6,229$4,056$2,599$1,216
35 years$13,214$8,890$5,824$3,734$2,354$1,072
36 years$12,706$8,438$5,448$3,439$2,133$945
37 years$12,226$8,014$5,100$3,168$1,933$833
38 years$11,773$7,616$4,775$2,920$1,752$734
39 years$11,344$7,242$4,474$2,693$1,589$647
40 years$10,937$6,890$4,194$2,484$1,441$571
41 years$10,552$6,559$3,932$2,291$1,308$503
42 years$10,185$6,246$3,689$2,115$1,187$444
43 years$9,837$5,952$3,461$1,952$1,077$392
44 years$9,505$5,673$3,249$1,803$977$345
45 years$9,189$5,410$3,051$1,665$887$305
46 years$8,888$5,161$2,865$1,538$806$269
47 years$8,600$4,925$2,692$1,421$732$237
48 years$8,325$4,702$2,530$1,313$664$209
49 years$8,062$4,490$2,378$1,213$603$185
50 years$7,811$4,289$2,235$1,121$548$163

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 $3,563 every year, while hoping to spend $32,281 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: 86/8/6 Blend
71$8,000,000$8,000,000$8,000,000$8,000,000
72$8,819,675$8,395,675$8,271,675$9,575,730
73$9,684,935$8,772,717$8,514,430$10,446,010
74$10,637,370$9,167,151$8,764,234$11,397,344
75$11,685,837$9,579,797$9,021,292$12,441,671
76$12,840,097$10,011,511$9,285,809$13,588,326
77$14,110,903$10,463,192$9,558,000$14,847,589
78$15,510,108$10,935,780$9,838,085$16,230,786
79$17,050,767$11,430,262$10,126,290$17,750,386
80$18,747,271$11,947,670$10,422,846$19,420,129
81$20,615,473$12,489,087$10,727,992$21,255,146
82$22,672,846$13,055,647$11,041,974$23,272,105
83$24,938,641$13,648,538$11,365,045$25,489,366
84$27,434,071$14,269,005$11,697,463$27,927,157
85$30,182,513$14,918,353$12,039,495$30,607,756
86$33,209,727$15,597,950$12,391,415$33,555,708
87$36,544,097$16,309,228$12,753,506$36,798,053
88$40,216,903$17,053,688$13,126,056$40,364,578
89$44,262,612$17,832,904$13,509,364$44,288,099
90$48,719,207$18,648,524$13,903,736$48,604,771
91$53,628,541$19,502,277$14,309,486$53,354,425
92$59,036,737$20,395,973$14,726,938$58,580,942
93$64,994,618$21,331,509$15,156,425$64,332,670
94$71,558,191$22,310,875$15,598,287$70,662,877
95$78,789,173$23,336,155$16,052,877$77,630,248
96$86,755,576$24,409,533$16,520,555$85,299,446
97$95,532,343$25,533,299$17,001,692$93,741,712
98$105,202,063$26,709,852$17,496,670$103,035,543
99$115,855,745$27,941,706$18,005,880$113,267,424
100$127,593,680$29,231,499$18,529,725$124,532,649