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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$660,633$654,748$649,007$643,403$637,931$625,051
2 years$327,046$320,955$315,052$309,328$303,777$290,857
3 years$215,865$209,748$203,859$198,190$192,728$180,171
4 years$160,285$154,187$148,357$142,785$137,456$125,358
5 years$126,946$120,884$115,131$109,672$104,492$92,889
6 years$104,727$98,711$93,043$87,706$82,681$71,584
7 years$88,863$82,897$77,319$72,108$67,241$56,654
8 years$76,970$71,058$65,573$60,489$55,783$45,702
9 years$67,725$61,869$56,478$51,524$46,978$37,396
10 years$60,333$54,535$49,239$44,414$40,027$30,936
11 years$54,289$48,549$43,349$38,653$34,425$25,812
12 years$49,256$43,575$38,471$33,904$29,832$21,686
13 years$45,001$39,379$34,371$29,932$26,014$18,320
14 years$41,357$35,794$30,883$26,571$22,804$15,548
15 years$38,201$32,699$27,883$23,696$20,078$13,245
16 years$35,443$30,001$25,280$21,217$17,745$11,319
17 years$33,012$27,629$23,004$19,064$15,734$9,698
18 years$30,853$25,531$21,000$17,180$13,990$8,328
19 years$28,924$23,662$19,224$15,524$12,470$7,165
20 years$27,189$21,988$17,643$14,060$11,138$6,174
21 years$25,622$20,481$16,228$12,760$9,967$5,328
22 years$24,200$19,118$14,957$11,602$8,934$4,603
23 years$22,903$17,881$13,810$10,566$8,020$3,980
24 years$21,716$16,753$12,772$9,637$7,208$3,445
25 years$20,625$15,722$11,829$8,801$6,487$2,984
26 years$19,620$14,776$10,971$8,047$5,843$2,586
27 years$18,691$13,906$10,188$7,366$5,268$2,243
28 years$17,830$13,103$9,471$6,749$4,753$1,946
29 years$17,030$12,362$8,813$6,189$4,292$1,689
30 years$16,285$11,674$8,209$5,680$3,878$1,467
31 years$15,589$11,036$7,653$5,216$3,506$1,274
32 years$14,937$10,442$7,141$4,794$3,172$1,107
33 years$14,327$9,889$6,667$4,408$2,870$962
34 years$13,753$9,373$6,229$4,056$2,599$836
35 years$13,214$8,890$5,824$3,734$2,354$727
36 years$12,706$8,438$5,448$3,439$2,133$632
37 years$12,226$8,014$5,100$3,168$1,933$549
38 years$11,773$7,616$4,775$2,920$1,752$478
39 years$11,344$7,242$4,474$2,693$1,589$415
40 years$10,937$6,890$4,194$2,484$1,441$361
41 years$10,552$6,559$3,932$2,291$1,308$314
42 years$10,185$6,246$3,689$2,115$1,187$273
43 years$9,837$5,952$3,461$1,952$1,077$238
44 years$9,505$5,673$3,249$1,803$977$207
45 years$9,189$5,410$3,051$1,665$887$180
46 years$8,888$5,161$2,865$1,538$806$157
47 years$8,600$4,925$2,692$1,421$732$136
48 years$8,325$4,702$2,530$1,313$664$119
49 years$8,062$4,490$2,378$1,213$603$103
50 years$7,811$4,289$2,235$1,121$548$90

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 $3,293 every year, while hoping to spend $56,294 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: 40/34/26 Blend
71$8,000,000$8,000,000$8,000,000$8,000,000
72$8,819,397$8,395,397$8,271,397$9,104,275
73$9,659,079$8,746,875$8,488,592$9,662,315
74$10,582,522$9,113,689$8,711,177$10,260,132
75$11,598,210$9,496,530$8,939,272$10,905,812
76$12,715,490$9,896,123$9,173,001$11,603,766
77$13,944,663$10,313,226$9,412,489$12,358,839
78$15,297,075$10,748,630$9,657,864$13,176,350
79$16,785,230$11,203,167$9,909,256$14,062,141
80$18,422,904$11,677,703$10,166,797$15,022,630
81$20,225,277$12,173,147$10,430,621$16,064,868
82$22,209,074$12,690,449$10,700,865$17,196,604
83$24,392,724$13,230,606$10,977,668$18,426,354
84$26,796,533$13,794,657$11,261,172$19,763,478
85$29,442,877$14,383,693$11,551,519$21,218,267
86$32,356,411$14,998,854$11,848,855$22,802,034
87$35,564,301$15,641,334$12,153,328$24,527,221
88$39,096,484$16,312,384$12,465,089$26,407,510
89$42,985,945$17,013,310$12,784,289$28,457,948
90$47,269,032$17,745,483$13,111,083$30,695,087
91$51,985,798$18,510,336$13,445,628$33,137,137
92$57,180,376$19,309,369$13,788,084$35,804,130
93$62,901,400$20,144,154$14,138,610$38,718,107
94$69,202,460$21,016,335$14,497,371$41,903,321
95$76,142,609$21,927,634$14,864,532$45,386,462
96$83,786,921$22,879,853$15,240,259$49,196,902
97$92,207,103$23,874,882$15,624,723$53,366,969
98$101,482,171$24,914,695$16,018,095$57,932,244
99$111,699,199$26,001,362$16,420,548$62,931,895
100$122,954,139$27,137,049$16,832,258$68,409,037