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%12.9%
1 years$677,148$671,117$665,232$659,488$653,880$645,976
2 years$335,222$328,979$322,928$317,062$311,371$303,418
3 years$221,261$214,991$208,956$203,144$197,547$189,790
4 years$164,292$158,041$152,066$146,354$140,892$133,392
5 years$130,120$123,906$118,010$112,414$107,104$99,882
6 years$107,345$101,179$95,369$89,898$84,748$77,812
7 years$91,085$84,970$79,252$73,910$68,922$62,277
8 years$78,894$72,835$67,212$62,002$57,178$50,821
9 years$69,418$63,416$57,890$52,812$48,152$42,082
10 years$61,842$55,898$50,470$45,524$41,028$35,240
11 years$55,647$49,763$44,433$39,620$35,285$29,775
12 years$50,488$44,664$39,433$34,752$30,578$25,338
13 years$46,126$40,363$35,231$30,681$26,664$21,690
14 years$42,391$36,689$31,655$27,235$23,374$18,657
15 years$39,156$33,516$28,580$24,289$20,580$16,113
16 years$36,329$30,751$25,912$21,748$18,189$13,963
17 years$33,837$28,320$23,579$19,540$16,127$12,135
18 years$31,624$26,169$21,525$17,610$14,340$10,573
19 years$29,647$24,253$19,705$15,912$12,781$9,231
20 years$27,869$22,537$18,084$14,411$11,416$8,074
21 years$26,263$20,993$16,634$13,079$10,216$7,073
22 years$24,805$19,596$15,331$11,892$9,158$6,205
23 years$23,475$18,328$14,155$10,830$8,220$5,450
24 years$22,259$17,172$13,091$9,878$7,389$4,791
25 years$21,141$16,115$12,125$9,021$6,649$4,216
26 years$20,111$15,145$11,245$8,248$5,989$3,713
27 years$19,159$14,254$10,442$7,550$5,400$3,272
28 years$18,276$13,431$9,707$6,917$4,872$2,885
29 years$17,456$12,671$9,034$6,343$4,399$2,545
30 years$16,692$11,966$8,414$5,822$3,975$2,247
31 years$15,978$11,312$7,845$5,347$3,594$1,984
32 years$15,311$10,703$7,319$4,914$3,251$1,752
33 years$14,685$10,136$6,834$4,519$2,942$1,548
34 years$14,097$9,607$6,385$4,157$2,664$1,369
35 years$13,544$9,112$5,970$3,827$2,413$1,210
36 years$13,023$8,649$5,585$3,525$2,186$1,070
37 years$12,532$8,214$5,227$3,248$1,981$946
38 years$12,067$7,806$4,895$2,993$1,796$837
39 years$11,627$7,423$4,586$2,760$1,629$741
40 years$11,211$7,062$4,298$2,546$1,477$655
41 years$10,815$6,723$4,031$2,349$1,340$580
42 years$10,440$6,403$3,781$2,168$1,216$513
43 years$10,083$6,100$3,548$2,001$1,104$454
44 years$9,743$5,815$3,330$1,848$1,002$402
45 years$9,419$5,545$3,127$1,706$910$356
46 years$9,110$5,290$2,937$1,576$826$315
47 years$8,815$5,048$2,759$1,456$750$279
48 years$8,533$4,819$2,593$1,346$681$247
49 years$8,264$4,602$2,437$1,244$619$219
50 years$8,006$4,396$2,291$1,149$562$194

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 $2,194 every year, while hoping to spend $49,693 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: 64/11/25 Blend
71$8,200,000$8,200,000$8,200,000$8,200,000
72$9,038,663$8,604,063$8,476,963$9,557,668
73$9,907,734$8,972,789$8,708,068$10,277,223
74$10,863,784$9,357,917$8,945,250$11,057,360
75$11,915,634$9,760,199$9,188,660$11,908,654
76$13,073,000$10,180,420$9,438,451$12,838,091
77$14,346,589$10,619,404$9,694,783$13,853,357
78$15,748,200$11,078,013$9,957,816$14,962,913
79$17,290,829$11,557,149$10,227,716$16,176,076
80$18,988,801$12,057,757$10,504,652$17,503,098
81$20,857,897$12,580,825$10,788,796$18,955,270
82$22,915,505$13,127,388$11,080,324$20,545,020
83$25,180,788$13,698,532$11,379,416$22,286,036
84$27,674,859$14,295,390$11,686,257$24,193,385
85$30,420,983$14,919,152$12,001,034$26,283,663
86$33,444,794$15,571,062$12,323,940$28,575,142
87$36,774,542$16,252,423$12,655,171$31,087,948
88$40,441,353$16,964,599$12,994,927$33,844,242
89$44,479,527$17,709,020$13,343,413$36,868,433
90$48,926,858$18,487,182$13,700,837$40,187,405
91$53,824,996$19,300,653$14,067,414$43,830,768
92$59,219,834$20,151,072$14,443,360$47,831,134
93$65,161,942$21,040,160$14,828,898$52,224,426
94$71,707,049$21,969,717$15,224,254$57,050,215
95$78,916,561$22,941,627$15,629,660$62,352,089
96$86,858,150$23,957,865$16,045,353$68,178,061
97$95,606,381$25,020,501$16,471,572$74,581,024
98$105,243,426$26,131,699$16,908,564$81,619,245
99$115,859,833$27,293,730$17,356,578$89,356,913
100$127,555,383$28,508,970$17,815,871$97,864,742