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%11.6%
1 years$701,922$695,670$689,570$683,616$677,802$673,248
2 years$347,486$341,015$334,743$328,661$322,763$318,170
3 years$229,356$222,857$216,601$210,577$204,774$200,285
4 years$170,303$163,823$157,630$151,709$146,047$141,695
5 years$134,880$128,439$122,327$116,527$111,022$106,822
6 years$111,273$104,880$98,859$93,187$87,848$83,804
7 years$94,417$88,078$82,152$76,614$71,444$67,558
8 years$81,781$75,500$69,671$64,270$59,270$55,541
9 years$71,958$65,736$60,008$54,744$49,914$46,343
10 years$64,104$57,943$52,316$47,190$42,529$39,113
11 years$57,683$51,583$46,058$41,069$36,576$33,313
12 years$52,335$46,298$40,876$36,023$31,696$28,583
13 years$47,814$41,840$36,520$31,803$27,640$24,674
14 years$43,942$38,032$32,813$28,231$24,229$21,406
15 years$40,589$34,743$29,626$25,177$21,333$18,650
16 years$37,658$31,876$26,860$22,544$18,854$16,306
17 years$35,075$29,356$24,442$20,255$16,717$14,301
18 years$32,781$27,126$22,312$18,254$14,864$12,575
19 years$30,731$25,141$20,426$16,494$13,249$11,083
20 years$28,889$23,362$18,746$14,939$11,834$9,786
21 years$27,224$21,761$17,242$13,558$10,590$8,656
22 years$25,712$20,313$15,892$12,327$9,493$7,668
23 years$24,334$18,998$14,673$11,226$8,521$6,802
24 years$23,073$17,800$13,570$10,239$7,659$6,040
25 years$21,914$16,704$12,569$9,351$6,892$5,369
26 years$20,847$15,699$11,657$8,550$6,208$4,777
27 years$19,860$14,775$10,824$7,826$5,597$4,253
28 years$18,945$13,922$10,063$7,170$5,050$3,790
29 years$18,094$13,134$9,364$6,575$4,560$3,379
30 years$17,302$12,404$8,722$6,035$4,121$3,014
31 years$16,563$11,726$8,132$5,542$3,725$2,690
32 years$15,871$11,095$7,587$5,093$3,370$2,402
33 years$15,222$10,507$7,084$4,684$3,050$2,145
34 years$14,613$9,958$6,619$4,310$2,761$1,917
35 years$14,040$9,445$6,188$3,967$2,501$1,713
36 years$13,500$8,965$5,789$3,654$2,266$1,532
37 years$12,990$8,515$5,418$3,366$2,054$1,370
38 years$12,509$8,092$5,074$3,103$1,862$1,225
39 years$12,053$7,695$4,754$2,861$1,688$1,096
40 years$11,621$7,321$4,456$2,639$1,531$981
41 years$11,211$6,969$4,178$2,435$1,389$878
42 years$10,822$6,637$3,919$2,247$1,261$785
43 years$10,452$6,324$3,678$2,074$1,144$703
44 years$10,099$6,028$3,452$1,915$1,039$629
45 years$9,763$5,748$3,241$1,769$943$563
46 years$9,443$5,483$3,044$1,634$856$505
47 years$9,138$5,233$2,860$1,509$777$452
48 years$8,846$4,995$2,688$1,395$706$405
49 years$8,566$4,770$2,526$1,289$641$362
50 years$8,299$4,557$2,375$1,191$582$325

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 $3,451 every year, while hoping to spend $37,489 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: 77/12/11 Blend
71$8,500,000$8,500,000$8,500,000$8,500,000
72$9,370,560$8,920,060$8,788,310$10,072,937
73$10,286,469$9,317,255$9,042,830$10,932,885
74$11,294,544$9,732,656$9,304,620$11,870,440
75$12,404,147$10,167,115$9,573,885$12,897,398
76$13,625,593$10,621,526$9,850,832$14,022,647
77$14,970,247$11,096,825$10,135,679$15,255,975
78$16,450,633$11,593,990$10,428,645$16,608,156
79$18,080,552$12,114,050$10,729,959$18,091,056
80$19,875,208$12,658,079$11,039,853$19,717,740
81$21,851,359$13,227,204$11,358,567$21,502,595
82$24,027,467$13,822,606$11,686,349$23,461,465
83$26,423,876$14,445,522$12,023,449$25,611,796
84$29,063,006$15,097,247$12,370,129$27,972,806
85$31,969,561$15,779,140$12,726,656$30,565,658
86$35,170,760$16,492,622$13,093,304$33,413,660
87$38,696,602$17,239,184$13,470,353$36,542,485
88$42,580,139$18,020,389$13,858,094$39,980,411
89$46,857,797$18,837,871$14,256,824$43,758,586
90$51,569,712$19,693,347$14,666,848$47,911,317
91$56,760,114$20,588,612$15,088,478$52,476,397
92$62,477,741$21,525,549$15,522,037$57,495,456
93$68,776,301$22,506,131$15,967,856$63,014,354
94$75,714,977$23,532,426$16,426,273$69,083,610
95$83,358,989$24,606,599$16,897,637$75,758,876
96$91,780,204$25,730,920$17,382,306$83,101,462
97$101,057,818$26,907,769$17,880,647$91,178,910
98$111,279,105$28,139,639$18,393,038$100,065,633
99$122,540,234$29,429,142$18,919,865$109,843,607
100$134,947,185$30,779,016$19,461,527$120,603,150