Can I retire at age 72 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$677,148$671,117$665,232$659,488$653,880$638,331
2 years$335,222$328,979$322,928$317,062$311,371$295,798
3 years$221,261$214,991$208,956$203,144$197,547$182,434
4 years$164,292$158,041$152,066$146,354$140,892$126,357
5 years$130,120$123,906$118,010$112,414$107,104$93,187
6 years$107,345$101,179$95,369$89,898$84,748$71,463
7 years$91,085$84,970$79,252$73,910$68,922$56,272
8 years$78,894$72,835$67,212$62,002$57,178$45,157
9 years$69,418$63,416$57,890$52,812$48,152$36,750
10 years$61,842$55,898$50,470$45,524$41,028$30,233
11 years$55,647$49,763$44,433$39,620$35,285$25,082
12 years$50,488$44,664$39,433$34,752$30,578$20,949
13 years$46,126$40,363$35,231$30,681$26,664$17,592
14 years$42,391$36,689$31,655$27,235$23,374$14,839
15 years$39,156$33,516$28,580$24,289$20,580$12,562
16 years$36,329$30,751$25,912$21,748$18,189$10,667
17 years$33,837$28,320$23,579$19,540$16,127$9,080
18 years$31,624$26,169$21,525$17,610$14,340$7,746
19 years$29,647$24,253$19,705$15,912$12,781$6,620
20 years$27,869$22,537$18,084$14,411$11,416$5,666
21 years$26,263$20,993$16,634$13,079$10,216$4,856
22 years$24,805$19,596$15,331$11,892$9,158$4,166
23 years$23,475$18,328$14,155$10,830$8,220$3,577
24 years$22,259$17,172$13,091$9,878$7,389$3,074
25 years$21,141$16,115$12,125$9,021$6,649$2,644
26 years$20,111$15,145$11,245$8,248$5,989$2,275
27 years$19,159$14,254$10,442$7,550$5,400$1,959
28 years$18,276$13,431$9,707$6,917$4,872$1,687
29 years$17,456$12,671$9,034$6,343$4,399$1,453
30 years$16,692$11,966$8,414$5,822$3,975$1,253
31 years$15,978$11,312$7,845$5,347$3,594$1,080
32 years$15,311$10,703$7,319$4,914$3,251$931
33 years$14,685$10,136$6,834$4,519$2,942$803
34 years$14,097$9,607$6,385$4,157$2,664$693
35 years$13,544$9,112$5,970$3,827$2,413$598
36 years$13,023$8,649$5,585$3,525$2,186$516
37 years$12,532$8,214$5,227$3,248$1,981$445
38 years$12,067$7,806$4,895$2,993$1,796$384
39 years$11,627$7,423$4,586$2,760$1,629$332
40 years$11,211$7,062$4,298$2,546$1,477$286
41 years$10,815$6,723$4,031$2,349$1,340$247
42 years$10,440$6,403$3,781$2,168$1,216$213
43 years$10,083$6,100$3,548$2,001$1,104$184
44 years$9,743$5,815$3,330$1,848$1,002$159
45 years$9,419$5,545$3,127$1,706$910$137
46 years$9,110$5,290$2,937$1,576$826$118
47 years$8,815$5,048$2,759$1,456$750$102
48 years$8,533$4,819$2,593$1,346$681$88
49 years$8,264$4,602$2,437$1,244$619$76
50 years$8,006$4,396$2,291$1,149$562$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $8,200,000, adding $6,626 every year, while hoping to spend $28,583 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: 70/8/22 Blend
71$8,200,000$8,200,000$8,200,000$8,200,000
72$9,043,235$8,608,635$8,481,535$9,626,269
73$9,935,233$9,000,046$8,735,254$10,407,972
74$10,917,256$9,409,678$8,996,515$11,259,363
75$11,998,458$9,838,394$9,265,540$12,190,630
76$13,188,923$10,287,098$9,542,558$13,209,680
77$14,499,765$10,756,737$9,827,805$14,325,219
78$15,943,227$11,248,303$10,121,523$15,546,830
79$17,532,804$11,762,838$10,423,962$16,885,068
80$19,283,364$12,301,431$10,735,379$18,351,551
81$21,211,291$12,865,225$11,056,038$19,959,074
82$23,334,639$13,455,417$11,386,211$21,721,726
83$25,673,302$14,073,262$11,726,178$23,655,023
84$28,249,202$14,720,075$12,076,229$25,776,052
85$31,086,496$15,397,234$12,436,658$28,103,631
86$34,211,804$16,106,185$12,807,772$30,658,484
87$37,654,461$16,848,440$13,189,884$33,463,438
88$41,446,789$17,625,587$13,583,319$36,543,636
89$45,624,409$18,439,289$13,988,408$39,926,769
90$50,226,573$19,291,288$14,405,494$43,643,342
91$55,296,535$20,183,413$14,834,929$47,726,952
92$60,881,959$21,117,577$15,277,077$52,214,612
93$67,035,369$22,095,788$15,732,309$57,147,093
94$73,814,646$23,120,151$16,201,010$62,569,308
95$81,283,571$24,192,870$16,683,576$68,530,732
96$89,512,431$25,316,257$17,180,411$75,085,872
97$98,578,681$26,492,734$17,691,936$82,294,774
98$108,567,671$27,724,843$18,218,581$90,223,589
99$119,573,457$29,015,245$18,760,788$98,945,197
100$131,699,689$30,366,730$19,319,013$108,539,890