Can I retire at age 72 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$710,180$703,854$697,682$691,658$685,776$671,381
2 years$351,574$345,026$338,681$332,528$326,560$312,125
3 years$232,055$225,479$219,149$213,054$207,183$193,159
4 years$172,307$165,751$159,484$153,493$147,765$134,259
5 years$136,467$129,951$123,766$117,898$112,328$99,379
6 years$112,582$106,114$100,022$94,284$88,882$76,503
7 years$95,528$89,115$83,118$77,516$72,285$60,479
8 years$82,743$76,388$70,491$65,026$59,967$48,731
9 years$72,804$66,509$60,714$55,388$50,501$39,827
10 years$64,858$58,625$52,932$47,745$43,029$32,906
11 years$58,361$52,190$46,600$41,552$37,007$27,421
12 years$52,951$46,843$41,357$36,447$32,069$23,007
13 years$48,376$42,332$36,949$32,177$27,965$19,411
14 years$44,459$38,479$33,199$28,563$24,514$16,451
15 years$41,066$35,151$29,974$25,473$21,584$13,995
16 years$38,101$32,251$27,176$22,809$19,076$11,943
17 years$35,488$29,702$24,729$20,493$16,914$10,218
18 years$33,167$27,446$22,575$18,469$15,039$8,762
19 years$31,093$25,436$20,666$16,688$13,405$7,527
20 years$29,229$23,637$18,966$15,114$11,973$6,476
21 years$27,544$22,017$17,445$13,717$10,715$5,580
22 years$26,015$20,552$16,078$12,472$9,604$4,813
23 years$24,621$19,222$14,846$11,359$8,621$4,156
24 years$23,344$18,009$13,730$10,360$7,749$3,591
25 years$22,172$16,901$12,716$9,461$6,973$3,106
26 years$21,092$15,884$11,794$8,651$6,281$2,688
27 years$20,093$14,949$10,952$7,918$5,663$2,327
28 years$19,168$14,086$10,181$7,255$5,110$2,016
29 years$18,307$13,289$9,474$6,653$4,614$1,747
30 years$17,506$12,550$8,825$6,106$4,169$1,514
31 years$16,758$11,864$8,227$5,607$3,769$1,313
32 years$16,058$11,225$7,676$5,153$3,409$1,139
33 years$15,401$10,631$7,167$4,739$3,086$988
34 years$14,785$10,076$6,697$4,360$2,794$857
35 years$14,205$9,556$6,261$4,014$2,530$744
36 years$13,659$9,070$5,857$3,697$2,293$646
37 years$13,143$8,615$5,482$3,406$2,078$560
38 years$12,656$8,187$5,134$3,139$1,884$487
39 years$12,195$7,785$4,810$2,895$1,708$422
40 years$11,758$7,407$4,508$2,670$1,549$367
41 years$11,343$7,051$4,227$2,463$1,406$319
42 years$10,949$6,715$3,965$2,273$1,276$277
43 years$10,575$6,398$3,721$2,099$1,158$240
44 years$10,218$6,099$3,493$1,938$1,051$209
45 years$9,878$5,816$3,279$1,790$954$181
46 years$9,554$5,548$3,080$1,653$866$157
47 years$9,245$5,294$2,894$1,527$786$137
48 years$8,950$5,054$2,719$1,411$714$119
49 years$8,667$4,826$2,556$1,304$649$103
50 years$8,397$4,610$2,403$1,205$589$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $8,600,000, adding $6,686 every year, while hoping to spend $28,096 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: 34/39/27 Blend
71$8,600,000$8,600,000$8,600,000$8,600,000
72$9,484,097$9,028,297$8,894,997$9,728,739
73$10,421,581$9,440,789$9,163,085$10,325,871
74$11,453,746$9,872,552$9,439,213$10,966,352
75$12,590,221$10,324,500$9,723,620$11,656,487
76$13,841,615$10,797,592$10,016,552$12,400,710
77$15,219,618$11,292,832$10,318,264$13,203,883
78$16,737,110$11,811,272$10,629,018$14,071,338
79$18,408,288$12,354,017$10,949,082$15,008,918
80$20,248,791$12,922,221$11,278,734$16,023,035
81$22,275,855$13,517,098$11,618,259$17,120,722
82$24,508,473$14,139,917$11,967,952$18,309,696
83$26,967,574$14,792,009$12,328,115$19,598,429
84$29,676,218$15,474,769$12,699,058$20,996,219
85$32,659,820$16,189,661$13,081,104$22,513,276
86$35,946,383$16,938,215$13,474,583$24,160,810
87$39,566,766$17,722,040$13,879,833$25,951,138
88$43,554,975$18,542,818$14,297,206$27,897,785
89$47,948,481$19,402,315$14,727,062$30,015,616
90$52,788,579$20,302,381$15,169,770$32,320,963
91$58,120,771$21,244,955$15,625,715$34,831,774
92$63,995,200$22,232,069$16,095,287$37,567,779
93$70,467,125$23,265,854$16,578,893$40,550,666
94$77,597,434$24,348,543$17,076,949$43,804,279
95$85,453,229$25,482,479$17,589,883$47,354,838
96$94,108,452$26,670,114$18,118,138$51,231,174
97$103,644,586$27,914,021$18,662,167$55,464,997
98$114,151,423$29,216,898$19,222,440$60,091,185
99$125,727,914$30,581,571$19,799,436$65,148,102
100$138,483,097$32,011,004$20,393,653$70,677,955