Can I retire at age 72 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$685,406$679,301$673,344$667,531$661,854$637,104
2 years$339,310$332,991$326,866$320,928$315,168$290,517
3 years$223,960$217,613$211,504$205,622$199,956$176,178
4 years$166,296$159,969$153,921$148,139$142,610$119,887
5 years$131,707$125,417$119,449$113,785$108,410$86,801
6 years$108,655$102,413$96,532$90,995$85,781$65,301
7 years$92,195$86,006$80,219$74,812$69,763$50,406
8 years$79,857$73,723$68,032$62,758$57,875$39,624
9 years$70,265$64,189$58,596$53,456$48,739$31,568
10 years$62,596$56,580$51,085$46,079$41,528$25,406
11 years$56,325$50,370$44,975$40,103$35,716$20,607
12 years$51,104$45,209$39,914$35,176$30,950$16,817
13 years$46,689$40,856$35,660$31,055$26,989$13,791
14 years$42,908$37,137$32,041$27,567$23,659$11,354
15 years$39,634$33,925$28,929$24,585$20,831$9,377
16 years$36,772$31,126$26,228$22,013$18,411$7,765
17 years$34,250$28,665$23,867$19,779$16,324$6,443
18 years$32,010$26,488$21,787$17,824$14,515$5,355
19 years$30,008$24,549$19,945$16,106$12,937$4,457
20 years$28,209$22,812$18,305$14,587$11,556$3,714
21 years$26,583$21,249$16,837$13,239$10,341$3,098
22 years$25,107$19,835$15,518$12,037$9,269$2,587
23 years$23,762$18,551$14,328$10,962$8,321$2,161
24 years$22,530$17,381$13,251$9,998$7,479$1,806
25 years$21,399$16,311$12,273$9,131$6,730$1,510
26 years$20,356$15,330$11,382$8,349$6,062$1,263
27 years$19,392$14,427$10,570$7,642$5,465$1,057
28 years$18,499$13,595$9,826$7,002$4,931$885
29 years$17,669$12,825$9,144$6,421$4,453$741
30 years$16,895$12,112$8,517$5,893$4,024$620
31 years$16,173$11,450$7,940$5,412$3,638$520
32 years$15,497$10,834$7,408$4,974$3,291$435
33 years$14,864$10,260$6,917$4,574$2,978$365
34 years$14,269$9,724$6,463$4,208$2,696$306
35 years$13,710$9,223$6,042$3,874$2,442$256
36 years$13,182$8,754$5,653$3,568$2,213$215
37 years$12,685$8,314$5,291$3,287$2,005$180
38 years$12,214$7,902$4,955$3,030$1,818$151
39 years$11,769$7,514$4,642$2,794$1,649$126
40 years$11,347$7,149$4,351$2,577$1,495$106
41 years$10,947$6,805$4,080$2,377$1,357$89
42 years$10,567$6,481$3,827$2,194$1,231$74
43 years$10,206$6,175$3,591$2,025$1,117$62
44 years$9,862$5,886$3,371$1,870$1,014$52
45 years$9,534$5,613$3,165$1,727$921$44
46 years$9,221$5,354$2,973$1,595$836$37
47 years$8,923$5,110$2,793$1,474$759$31
48 years$8,637$4,878$2,624$1,362$689$26
49 years$8,365$4,658$2,467$1,259$626$22
50 years$8,104$4,450$2,319$1,163$569$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $8,300,000, adding $6,880 every year, while hoping to spend $39,809 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: 64/16/20 Blend
71$8,300,000$8,300,000$8,300,000$8,300,000
72$9,153,697$8,713,797$8,585,147$9,692,426
73$10,045,017$9,098,416$8,830,393$10,440,251
74$11,025,918$9,500,548$9,082,520$11,251,776
75$12,105,495$9,921,008$9,341,718$12,137,436
76$13,293,769$10,360,651$9,608,179$13,104,482
77$14,601,783$10,820,372$9,882,102$14,160,894
78$16,041,703$11,301,109$10,163,691$15,315,453
79$17,626,937$11,803,844$10,453,155$16,577,823
80$19,372,259$12,329,605$10,750,709$17,958,640
81$21,293,945$12,879,472$11,056,574$19,469,611
82$23,409,933$13,454,572$11,370,975$21,123,623
83$25,739,988$14,056,088$11,694,144$22,934,862
84$28,305,889$14,685,259$12,026,321$24,918,948
85$31,131,636$15,343,382$12,367,749$27,093,073
86$34,243,673$16,031,818$12,718,678$29,476,169
87$37,671,141$16,751,991$13,079,367$32,089,081
88$41,446,151$17,505,392$13,450,080$34,954,762
89$45,604,088$18,293,585$13,831,087$38,098,485
90$50,183,943$19,118,209$14,222,666$41,548,084
91$55,228,682$19,980,978$14,625,102$45,334,209
92$60,785,653$20,883,691$15,038,689$49,490,615
93$66,907,030$21,828,232$15,463,725$54,054,479
94$73,650,306$22,816,575$15,900,519$59,066,744
95$81,078,837$23,850,787$16,349,387$64,572,506
96$89,262,439$24,933,037$16,810,652$70,621,435
97$98,278,046$26,065,593$17,284,646$77,268,243
98$108,210,435$27,250,836$17,771,711$84,573,190
99$119,153,032$28,491,259$18,272,195$92,602,658
100$131,208,785$29,789,475$18,786,457$101,429,769