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%17.7%
1 years$685,406$679,301$673,344$667,531$661,854$641,181
2 years$339,310$332,991$326,866$320,928$315,168$294,525
3 years$223,960$217,613$211,504$205,622$199,956$179,989
4 years$166,296$159,969$153,921$148,139$142,610$123,474
5 years$131,707$125,417$119,449$113,785$108,410$90,155
6 years$108,655$102,413$96,532$90,995$85,781$68,423
7 years$92,195$86,006$80,219$74,812$69,763$53,301
8 years$79,857$73,723$68,032$62,758$57,875$42,298
9 years$70,265$64,189$58,596$53,456$48,739$34,030
10 years$62,596$56,580$51,085$46,079$41,528$27,665
11 years$56,325$50,370$44,975$40,103$35,716$22,673
12 years$51,104$45,209$39,914$35,176$30,950$18,702
13 years$46,689$40,856$35,660$31,055$26,989$15,505
14 years$42,908$37,137$32,041$27,567$23,659$12,908
15 years$39,634$33,925$28,929$24,585$20,831$10,783
16 years$36,772$31,126$26,228$22,013$18,411$9,032
17 years$34,250$28,665$23,867$19,779$16,324$7,583
18 years$32,010$26,488$21,787$17,824$14,515$6,379
19 years$30,008$24,549$19,945$16,106$12,937$5,374
20 years$28,209$22,812$18,305$14,587$11,556$4,534
21 years$26,583$21,249$16,837$13,239$10,341$3,829
22 years$25,107$19,835$15,518$12,037$9,269$3,237
23 years$23,762$18,551$14,328$10,962$8,321$2,738
24 years$22,530$17,381$13,251$9,998$7,479$2,318
25 years$21,399$16,311$12,273$9,131$6,730$1,963
26 years$20,356$15,330$11,382$8,349$6,062$1,664
27 years$19,392$14,427$10,570$7,642$5,465$1,410
28 years$18,499$13,595$9,826$7,002$4,931$1,196
29 years$17,669$12,825$9,144$6,421$4,453$1,015
30 years$16,895$12,112$8,517$5,893$4,024$861
31 years$16,173$11,450$7,940$5,412$3,638$731
32 years$15,497$10,834$7,408$4,974$3,291$620
33 years$14,864$10,260$6,917$4,574$2,978$526
34 years$14,269$9,724$6,463$4,208$2,696$447
35 years$13,710$9,223$6,042$3,874$2,442$380
36 years$13,182$8,754$5,653$3,568$2,213$322
37 years$12,685$8,314$5,291$3,287$2,005$274
38 years$12,214$7,902$4,955$3,030$1,818$232
39 years$11,769$7,514$4,642$2,794$1,649$197
40 years$11,347$7,149$4,351$2,577$1,495$168
41 years$10,947$6,805$4,080$2,377$1,357$142
42 years$10,567$6,481$3,827$2,194$1,231$121
43 years$10,206$6,175$3,591$2,025$1,117$103
44 years$9,862$5,886$3,371$1,870$1,014$87
45 years$9,534$5,613$3,165$1,727$921$74
46 years$9,221$5,354$2,973$1,595$836$63
47 years$8,923$5,110$2,793$1,474$759$54
48 years$8,637$4,878$2,624$1,362$689$45
49 years$8,365$4,658$2,467$1,259$626$39
50 years$8,104$4,450$2,319$1,163$569$33

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 $6,304 every year, while hoping to spend $53,301 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: 58/15/27 Blend
71$8,300,000$8,300,000$8,300,000$8,300,000
72$9,153,103$8,713,203$8,584,553$9,616,305
73$10,030,007$9,083,438$8,815,423$10,304,243
74$10,994,570$9,470,028$9,052,242$11,047,801
75$12,055,675$9,873,718$9,295,151$11,857,459
76$13,223,112$10,295,289$9,544,297$12,739,639
77$14,507,667$10,735,556$9,799,828$13,701,404
78$15,921,224$11,195,373$10,061,898$14,750,528
79$17,476,878$11,675,636$10,330,661$15,895,563
80$19,189,057$12,177,279$10,606,275$17,145,925
81$21,073,659$12,701,284$10,888,903$18,511,972
82$23,148,201$13,248,675$11,178,710$20,005,111
83$25,431,984$13,820,527$11,475,863$21,637,892
84$27,946,277$14,417,963$11,780,536$23,424,136
85$30,714,516$15,042,162$12,092,902$25,379,054
86$33,762,522$15,694,354$12,413,140$27,519,398
87$37,118,752$16,375,830$12,741,433$29,863,606
88$40,814,560$17,087,940$13,077,966$32,431,985
89$44,884,495$17,832,100$13,422,928$35,246,894
90$49,366,630$18,609,789$13,776,512$38,332,952
91$54,302,915$19,422,558$14,138,915$41,717,273
92$59,739,580$20,272,030$14,510,336$45,429,715
93$65,727,565$21,159,907$14,890,979$49,503,162
94$72,323,001$22,087,968$15,281,052$53,973,831
95$79,587,747$23,058,077$15,680,766$58,881,609
96$87,589,961$24,072,187$16,090,337$64,270,431
97$96,404,756$25,132,344$16,509,982$70,188,686
98$106,114,900$26,240,687$16,939,925$76,689,677
99$116,811,599$27,399,460$17,380,392$83,832,115
100$128,595,361$28,611,012$17,831,613$91,680,675