Can I retire at age 72 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$693,664$687,485$681,457$675,573$669,828$657,379
2 years$343,398$337,003$330,804$324,795$318,966$306,471
3 years$226,658$220,235$214,052$208,099$202,365$190,213
4 years$168,299$161,896$155,775$149,924$144,328$132,612
5 years$133,293$126,928$120,888$115,156$109,716$98,470
6 years$109,964$103,647$97,695$92,091$86,815$76,051
7 years$93,306$87,042$81,185$75,713$70,604$60,325
8 years$80,819$74,611$68,852$63,514$58,572$48,776
9 years$71,111$64,963$59,302$54,100$49,326$40,007
10 years$63,350$57,261$51,701$46,634$42,029$33,177
11 years$57,004$50,976$45,517$40,586$36,146$27,752
12 years$51,719$45,754$40,395$35,599$31,323$23,376
13 years$47,251$41,348$36,090$31,429$27,315$19,801
14 years$43,425$37,584$32,427$27,899$23,944$16,850
15 years$40,111$34,334$29,277$24,881$21,082$14,394
16 years$37,215$31,501$26,544$22,278$18,632$12,335
17 years$34,662$29,011$24,154$20,017$16,521$10,599
18 years$32,396$26,807$22,050$18,039$14,689$9,129
19 years$30,370$24,845$20,185$16,300$13,093$7,877
20 years$28,549$23,087$18,525$14,763$11,695$6,808
21 years$26,904$21,505$17,040$13,398$10,466$5,893
22 years$25,410$20,074$15,705$12,182$9,381$5,107
23 years$24,048$18,775$14,500$11,094$8,421$4,430
24 years$22,802$17,591$13,410$10,119$7,569$3,846
25 years$21,656$16,508$12,421$9,241$6,811$3,342
26 years$20,601$15,515$11,520$8,449$6,135$2,906
27 years$19,626$14,601$10,697$7,734$5,531$2,528
28 years$18,722$13,759$9,944$7,086$4,991$2,201
29 years$17,882$12,980$9,254$6,498$4,507$1,916
30 years$17,099$12,258$8,620$5,964$4,072$1,669
31 years$16,368$11,588$8,036$5,477$3,682$1,455
32 years$15,684$10,964$7,498$5,034$3,330$1,268
33 years$15,043$10,383$7,001$4,629$3,014$1,106
34 years$14,441$9,841$6,541$4,259$2,729$964
35 years$13,875$9,334$6,115$3,921$2,471$841
36 years$13,341$8,860$5,721$3,611$2,239$734
37 years$12,837$8,415$5,354$3,327$2,030$640
38 years$12,361$7,997$5,014$3,066$1,840$559
39 years$11,911$7,604$4,698$2,827$1,669$488
40 years$11,484$7,235$4,403$2,608$1,513$425
41 years$11,079$6,887$4,129$2,406$1,373$371
42 years$10,694$6,559$3,873$2,221$1,246$324
43 years$10,329$6,249$3,634$2,050$1,131$283
44 years$9,980$5,957$3,411$1,893$1,026$247
45 years$9,649$5,680$3,203$1,748$932$216
46 years$9,332$5,419$3,009$1,615$846$188
47 years$9,030$5,171$2,826$1,492$768$164
48 years$8,741$4,937$2,656$1,378$698$144
49 years$8,465$4,714$2,497$1,274$634$125
50 years$8,201$4,503$2,347$1,177$575$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $8,400,000, adding $2,846 every year, while hoping to spend $53,166 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: 43/44/13 Blend
71$8,400,000$8,400,000$8,400,000$8,400,000
72$9,259,736$8,814,536$8,684,336$9,622,834
73$10,147,660$9,189,880$8,918,693$10,252,469
74$11,124,372$9,581,834$9,159,119$10,928,631
75$12,198,870$9,991,155$9,405,761$11,659,985
76$13,381,070$10,418,638$9,658,770$12,451,616
77$14,681,900$10,865,111$9,918,299$13,309,107
78$16,113,396$11,331,445$10,184,505$14,238,584
79$17,688,825$11,818,548$10,457,548$15,246,774
80$19,422,801$12,327,373$10,737,592$16,341,064
81$21,331,429$12,858,916$11,024,803$17,529,568
82$23,432,453$13,414,221$11,319,353$18,821,199
83$25,745,426$13,994,381$11,621,414$20,225,751
84$28,291,892$14,600,538$11,931,164$21,753,984
85$31,095,591$15,233,891$12,248,784$23,417,724
86$34,182,683$15,895,693$12,574,460$25,229,970
87$37,581,991$16,587,256$12,908,378$27,205,014
88$41,325,277$17,309,955$13,250,733$29,358,566
89$45,447,542$18,065,229$13,601,718$31,707,901
90$49,987,350$18,854,585$13,961,535$34,272,017
91$54,987,201$19,679,600$14,330,387$37,071,808
92$60,493,922$20,541,927$14,708,482$40,130,255
93$66,559,116$21,443,295$15,096,030$43,472,636
94$73,239,646$22,385,518$15,493,248$47,126,764
95$80,598,173$23,370,491$15,900,355$51,123,236
96$88,703,745$24,400,203$16,317,574$55,495,717
97$97,632,448$25,476,734$16,745,134$60,281,255
98$107,468,128$26,602,265$17,183,267$65,520,617
99$118,303,178$27,779,077$17,632,207$71,258,670
100$130,239,413$29,009,562$18,092,196$77,544,797