Can I retire at age 72 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$668,890$662,932$657,119$651,446$645,905$623,733
2 years$331,134$324,967$318,990$313,195$307,574$285,461
3 years$218,563$212,369$206,408$200,667$195,138$173,779
4 years$162,289$156,114$150,212$144,569$139,174$118,733
5 years$128,533$122,395$116,571$111,043$105,798$86,329
6 years$106,036$99,945$94,206$88,802$83,714$65,232
7 years$89,974$83,934$78,286$73,009$68,082$50,584
8 years$77,932$71,947$66,393$61,245$56,481$39,953
9 years$68,572$62,642$57,184$52,168$47,565$31,986
10 years$61,087$55,216$49,854$44,969$40,528$25,873
11 years$54,968$49,156$43,891$39,136$34,855$21,095
12 years$49,872$44,120$38,952$34,328$30,205$17,308
13 years$45,564$39,871$34,801$30,306$26,339$14,272
14 years$41,874$36,242$31,269$26,903$23,089$11,815
15 years$38,679$33,108$28,232$23,992$20,329$9,814
16 years$35,886$30,376$25,596$21,483$17,967$8,173
17 years$33,424$27,975$23,291$19,302$15,931$6,822
18 years$31,239$25,850$21,262$17,395$14,165$5,704
19 years$29,285$23,957$19,464$15,718$12,625$4,777
20 years$27,529$22,262$17,863$14,236$11,277$4,005
21 years$25,943$20,737$16,431$12,920$10,092$3,362
22 years$24,502$19,357$15,144$11,747$9,046$2,824
23 years$23,189$18,104$13,983$10,698$8,120$2,374
24 years$21,987$16,962$12,931$9,757$7,299$1,997
25 years$20,883$15,918$11,977$8,911$6,568$1,681
26 years$19,866$14,961$11,108$8,148$5,916$1,415
27 years$18,925$14,080$10,315$7,458$5,334$1,192
28 years$18,053$13,267$9,589$6,833$4,813$1,004
29 years$17,243$12,516$8,923$6,266$4,346$846
30 years$16,488$11,820$8,312$5,751$3,927$713
31 years$15,783$11,174$7,749$5,281$3,550$601
32 years$15,124$10,573$7,230$4,854$3,211$507
33 years$14,506$10,013$6,751$4,463$2,906$428
34 years$13,925$9,490$6,307$4,107$2,631$361
35 years$13,379$9,001$5,897$3,781$2,383$304
36 years$12,865$8,543$5,516$3,482$2,159$257
37 years$12,379$8,114$5,163$3,208$1,957$216
38 years$11,920$7,711$4,835$2,957$1,774$183
39 years$11,486$7,333$4,530$2,726$1,609$154
40 years$11,074$6,976$4,246$2,515$1,459$130
41 years$10,683$6,641$3,981$2,320$1,324$110
42 years$10,312$6,325$3,735$2,141$1,201$93
43 years$9,960$6,026$3,504$1,977$1,090$78
44 years$9,624$5,744$3,290$1,825$990$66
45 years$9,304$5,477$3,089$1,685$898$56
46 years$8,999$5,225$2,901$1,557$816$47
47 years$8,708$4,987$2,726$1,438$741$40
48 years$8,429$4,760$2,561$1,329$673$33
49 years$8,163$4,546$2,407$1,228$611$28
50 years$7,908$4,342$2,263$1,135$555$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $8,100,000, adding $5,462 every year, while hoping to spend $46,032 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: 53/31/16 Blend
71$8,100,000$8,100,000$8,100,000$8,100,000
72$8,931,834$8,502,534$8,376,984$9,366,464
73$9,793,903$8,870,181$8,608,635$10,031,899
74$10,742,361$9,254,299$8,846,504$10,750,216
75$11,785,970$9,655,648$9,090,750$11,530,768
76$12,934,386$10,075,021$9,341,537$12,379,480
77$14,198,246$10,513,250$9,599,032$13,302,864
78$15,589,274$10,971,206$9,863,406$14,308,078
79$17,120,385$11,449,801$10,134,835$15,402,991
80$18,805,812$11,949,988$10,413,499$16,596,255
81$20,661,234$12,472,767$10,699,581$17,897,386
82$22,703,933$13,019,186$10,993,270$19,316,846
83$24,952,947$13,590,339$11,294,758$20,866,145
84$27,429,257$14,187,375$11,604,242$22,557,942
85$30,155,981$14,811,496$11,921,923$24,406,164
86$33,158,592$15,463,960$12,248,009$26,426,132
87$36,465,160$16,146,086$12,582,709$28,634,705
88$40,106,617$16,859,255$12,926,240$31,050,434
89$44,117,046$17,604,912$13,278,823$33,693,731
90$48,534,004$18,384,572$13,640,683$36,587,064
91$53,398,878$19,199,822$14,012,052$39,755,158
92$58,757,273$20,052,323$14,393,165$43,225,229
93$64,659,444$20,943,815$14,784,264$47,027,235
94$71,160,767$21,876,121$15,185,597$51,194,152
95$78,322,265$22,851,152$15,597,415$55,762,287
96$86,211,185$23,870,907$16,019,976$60,771,605
97$94,901,625$24,937,481$16,453,545$66,266,113
98$104,475,243$26,053,069$16,898,391$72,294,261
99$115,022,020$27,219,972$17,354,789$78,909,396
100$126,641,112$28,440,597$17,823,021$86,170,263