Can I retire at age 72 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$701,922$695,670$689,570$683,616$677,802$666,025
2 years$347,486$341,015$334,743$328,661$322,763$310,936
3 years$229,356$222,857$216,601$210,577$204,774$193,266
4 years$170,303$163,823$157,630$151,709$146,047$134,945
5 years$134,880$128,439$122,327$116,527$111,022$100,360
6 years$111,273$104,880$98,859$93,187$87,848$77,637
7 years$94,417$88,078$82,152$76,614$71,444$61,687
8 years$81,781$75,500$69,671$64,270$59,270$49,964
9 years$71,958$65,736$60,008$54,744$49,914$41,055
10 years$64,104$57,943$52,316$47,190$42,529$34,109
11 years$57,683$51,583$46,058$41,069$36,576$28,586
12 years$52,335$46,298$40,876$36,023$31,696$24,124
13 years$47,814$41,840$36,520$31,803$27,640$20,475
14 years$43,942$38,032$32,813$28,231$24,229$17,459
15 years$40,589$34,743$29,626$25,177$21,333$14,945
16 years$37,658$31,876$26,860$22,544$18,854$12,835
17 years$35,075$29,356$24,442$20,255$16,717$11,052
18 years$32,781$27,126$22,312$18,254$14,864$9,539
19 years$30,731$25,141$20,426$16,494$13,249$8,250
20 years$28,889$23,362$18,746$14,939$11,834$7,146
21 years$27,224$21,761$17,242$13,558$10,590$6,200
22 years$25,712$20,313$15,892$12,327$9,493$5,385
23 years$24,334$18,998$14,673$11,226$8,521$4,682
24 years$23,073$17,800$13,570$10,239$7,659$4,075
25 years$21,914$16,704$12,569$9,351$6,892$3,549
26 years$20,847$15,699$11,657$8,550$6,208$3,093
27 years$19,860$14,775$10,824$7,826$5,597$2,698
28 years$18,945$13,922$10,063$7,170$5,050$2,354
29 years$18,094$13,134$9,364$6,575$4,560$2,055
30 years$17,302$12,404$8,722$6,035$4,121$1,795
31 years$16,563$11,726$8,132$5,542$3,725$1,568
32 years$15,871$11,095$7,587$5,093$3,370$1,370
33 years$15,222$10,507$7,084$4,684$3,050$1,197
34 years$14,613$9,958$6,619$4,310$2,761$1,047
35 years$14,040$9,445$6,188$3,967$2,501$915
36 years$13,500$8,965$5,789$3,654$2,266$801
37 years$12,990$8,515$5,418$3,366$2,054$700
38 years$12,509$8,092$5,074$3,103$1,862$613
39 years$12,053$7,695$4,754$2,861$1,688$536
40 years$11,621$7,321$4,456$2,639$1,531$469
41 years$11,211$6,969$4,178$2,435$1,389$411
42 years$10,822$6,637$3,919$2,247$1,261$359
43 years$10,452$6,324$3,678$2,074$1,144$314
44 years$10,099$6,028$3,452$1,915$1,039$275
45 years$9,763$5,748$3,241$1,769$943$241
46 years$9,443$5,483$3,044$1,634$856$211
47 years$9,138$5,233$2,860$1,509$777$185
48 years$8,846$4,995$2,688$1,395$706$162
49 years$8,566$4,770$2,526$1,289$641$142
50 years$8,299$4,557$2,375$1,191$582$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $8,500,000, adding $6,966 every year, while hoping to spend $32,281 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: 29/50/21 Blend
71$8,500,000$8,500,000$8,500,000$8,500,000
72$9,374,185$8,923,685$8,791,935$9,583,994
73$10,296,006$9,326,599$9,052,119$10,148,924
74$11,310,770$9,748,174$9,319,936$10,752,530
75$12,427,923$10,189,290$9,595,609$11,400,815
76$13,657,876$10,650,869$9,879,366$12,097,637
77$15,012,096$11,133,879$10,171,442$12,847,220
78$16,503,222$11,639,331$10,472,077$13,654,187
79$18,145,179$12,168,286$10,781,520$14,523,598
80$19,953,312$12,721,858$11,100,026$15,460,996
81$21,944,531$13,301,210$11,427,858$16,472,453
82$24,137,468$13,907,564$11,765,286$17,564,623
83$26,552,654$14,542,198$12,112,587$18,744,798
84$29,212,713$15,206,455$12,470,048$20,020,974
85$32,142,577$15,901,738$12,837,962$21,401,919
86$35,369,717$16,629,521$13,216,631$22,897,251
87$38,924,407$17,391,346$13,606,366$24,517,521
88$42,840,004$18,188,830$14,007,487$26,274,307
89$47,153,270$19,023,667$14,420,323$28,180,318
90$51,904,712$19,897,635$14,845,212$30,249,504
91$57,138,967$20,812,594$15,282,502$32,497,183
92$62,905,226$21,770,496$15,732,550$34,940,175
93$69,257,693$22,773,384$16,195,724$37,596,956
94$76,256,100$23,823,402$16,672,403$40,487,820
95$83,966,269$24,922,796$17,162,976$43,635,066
96$92,460,735$26,073,919$17,667,842$47,063,196
97$101,819,429$27,279,240$18,187,413$50,799,138
98$112,130,432$28,541,344$18,722,113$54,872,490
99$123,490,807$29,862,941$19,272,375$59,315,786
100$136,007,518$31,246,874$19,838,648$64,164,799