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%14.1%
1 years$710,180$703,854$697,682$691,658$685,776$674,138
2 years$351,574$345,026$338,681$332,528$326,560$314,871
3 years$232,055$225,479$219,149$213,054$207,183$195,806
4 years$172,307$165,751$159,484$153,493$147,765$136,788
5 years$136,467$129,951$123,766$117,898$112,328$101,784
6 years$112,582$106,114$100,022$94,284$88,882$78,781
7 years$95,528$89,115$83,118$77,516$72,285$62,631
8 years$82,743$76,388$70,491$65,026$59,967$50,758
9 years$72,804$66,509$60,714$55,388$50,501$41,732
10 years$64,858$58,625$52,932$47,745$43,029$34,693
11 years$58,361$52,190$46,600$41,552$37,007$29,093
12 years$52,951$46,843$41,357$36,447$32,069$24,569
13 years$48,376$42,332$36,949$32,177$27,965$20,866
14 years$44,459$38,479$33,199$28,563$24,514$17,805
15 years$41,066$35,151$29,974$25,473$21,584$15,251
16 years$38,101$32,251$27,176$22,809$19,076$13,107
17 years$35,488$29,702$24,729$20,493$16,914$11,295
18 years$33,167$27,446$22,575$18,469$15,039$9,756
19 years$31,093$25,436$20,666$16,688$13,405$8,443
20 years$29,229$23,637$18,966$15,114$11,973$7,319
21 years$27,544$22,017$17,445$13,717$10,715$6,354
22 years$26,015$20,552$16,078$12,472$9,604$5,523
23 years$24,621$19,222$14,846$11,359$8,621$4,806
24 years$23,344$18,009$13,730$10,360$7,749$4,186
25 years$22,172$16,901$12,716$9,461$6,973$3,649
26 years$21,092$15,884$11,794$8,651$6,281$3,183
27 years$20,093$14,949$10,952$7,918$5,663$2,778
28 years$19,168$14,086$10,181$7,255$5,110$2,426
29 years$18,307$13,289$9,474$6,653$4,614$2,120
30 years$17,506$12,550$8,825$6,106$4,169$1,853
31 years$16,758$11,864$8,227$5,607$3,769$1,620
32 years$16,058$11,225$7,676$5,153$3,409$1,417
33 years$15,401$10,631$7,167$4,739$3,086$1,239
34 years$14,785$10,076$6,697$4,360$2,794$1,084
35 years$14,205$9,556$6,261$4,014$2,530$949
36 years$13,659$9,070$5,857$3,697$2,293$831
37 years$13,143$8,615$5,482$3,406$2,078$727
38 years$12,656$8,187$5,134$3,139$1,884$637
39 years$12,195$7,785$4,810$2,895$1,708$558
40 years$11,758$7,407$4,508$2,670$1,549$488
41 years$11,343$7,051$4,227$2,463$1,406$428
42 years$10,949$6,715$3,965$2,273$1,276$375
43 years$10,575$6,398$3,721$2,099$1,158$328
44 years$10,218$6,099$3,493$1,938$1,051$288
45 years$9,878$5,816$3,279$1,790$954$252
46 years$9,554$5,548$3,080$1,653$866$221
47 years$9,245$5,294$2,894$1,527$786$193
48 years$8,950$5,054$2,719$1,411$714$169
49 years$8,667$4,826$2,556$1,304$649$148
50 years$8,397$4,610$2,403$1,205$589$130

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 $6,828 every year, while hoping to spend $51,158 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: 64/31/5 Blend
71$8,600,000$8,600,000$8,600,000$8,600,000
72$9,484,243$9,028,443$8,895,143$10,084,084
73$10,397,204$9,416,405$9,138,699$10,871,774
74$11,401,573$9,821,663$9,388,699$11,724,981
75$12,506,618$10,245,009$9,645,305$12,655,421
76$13,722,554$10,687,275$9,908,684$13,670,576
77$15,060,633$11,149,331$10,179,004$14,778,676
78$16,533,256$11,632,086$10,456,438$15,988,771
79$18,154,084$12,136,494$10,741,164$17,310,814
80$19,938,171$12,663,552$11,033,364$18,755,758
81$21,902,104$13,214,307$11,333,222$20,335,651
82$24,064,162$13,789,850$11,640,927$22,063,749
83$26,444,482$14,391,329$11,956,674$23,954,639
84$29,065,257$15,019,942$12,280,661$26,024,372
85$31,950,940$15,676,945$12,613,089$28,290,613
86$35,128,474$16,363,654$12,954,166$30,772,805
87$38,627,551$17,081,446$13,304,103$33,492,346
88$42,480,887$17,831,762$13,663,117$36,472,792
89$46,724,533$18,616,114$14,031,426$39,740,071
90$51,398,214$19,436,083$14,409,258$43,322,726
91$56,545,706$20,293,325$14,796,843$47,252,183
92$62,215,246$21,189,576$15,194,415$51,563,039
93$68,459,988$22,126,652$15,602,215$56,293,385
94$75,338,505$23,106,457$16,020,487$61,485,165
95$82,915,343$24,130,983$16,449,484$67,184,561
96$91,261,626$25,202,319$16,889,459$73,442,429
97$100,455,731$26,322,652$17,340,675$80,314,772
98$110,584,024$27,494,271$17,803,397$87,863,262
99$121,741,681$28,719,577$18,277,897$96,155,817
100$134,033,579$30,001,082$18,764,453$105,267,238