Can I retire at age 72 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$718,438$712,038$705,795$699,701$693,750$669,135
2 years$355,662$349,038$342,619$336,395$330,357$305,821
3 years$234,753$228,100$221,697$215,531$209,592$185,905
4 years$174,310$167,678$161,339$155,278$149,483$126,826
5 years$138,054$131,462$125,205$119,269$113,635$92,067
6 years$113,891$107,348$101,185$95,380$89,915$69,454
7 years$96,638$90,151$84,085$78,417$73,125$53,765
8 years$83,705$77,276$71,311$65,782$60,664$42,390
9 years$73,651$67,283$61,420$56,032$51,088$33,875
10 years$65,612$59,306$53,547$48,300$43,530$27,349
11 years$59,040$52,797$47,142$42,035$37,437$22,255
12 years$53,566$47,388$41,837$36,871$32,442$18,223
13 years$48,939$42,825$37,379$32,551$28,290$14,996
14 years$44,976$38,926$33,585$28,895$24,799$12,389
15 years$41,544$35,560$30,323$25,770$21,835$10,268
16 years$38,544$32,626$27,492$23,074$19,298$8,533
17 years$35,900$30,047$25,017$20,732$17,111$7,107
18 years$33,553$27,765$22,837$18,683$15,214$5,929
19 years$31,454$25,732$20,906$16,882$13,561$4,954
20 years$29,569$23,911$19,187$15,290$12,113$4,144
21 years$27,864$22,273$17,648$13,877$10,839$3,470
22 years$26,317$20,791$16,265$12,617$9,716$2,908
23 years$24,907$19,445$15,018$11,491$8,722$2,439
24 years$23,616$18,219$13,889$10,480$7,839$2,047
25 years$22,430$17,097$12,864$9,571$7,054$1,719
26 years$21,337$16,069$11,931$8,751$6,354$1,443
27 years$20,327$15,123$11,079$8,010$5,729$1,213
28 years$19,390$14,250$10,299$7,339$5,169$1,019
29 years$18,520$13,443$9,584$6,730$4,668$857
30 years$17,709$12,696$8,928$6,177$4,217$721
31 years$16,953$12,002$8,323$5,673$3,813$606
32 years$16,244$11,356$7,765$5,213$3,449$510
33 years$15,580$10,754$7,251$4,794$3,121$429
34 years$14,957$10,193$6,775$4,411$2,826$361
35 years$14,370$9,668$6,334$4,061$2,560$303
36 years$13,818$9,176$5,925$3,740$2,319$255
37 years$13,296$8,715$5,546$3,446$2,102$215
38 years$12,803$8,282$5,193$3,176$1,906$181
39 years$12,336$7,876$4,866$2,928$1,728$152
40 years$11,894$7,493$4,561$2,701$1,567$128
41 years$11,475$7,133$4,276$2,492$1,422$108
42 years$11,076$6,793$4,011$2,300$1,290$91
43 years$10,697$6,472$3,764$2,123$1,171$76
44 years$10,337$6,169$3,533$1,960$1,063$64
45 years$9,993$5,883$3,318$1,810$965$54
46 years$9,665$5,612$3,116$1,672$876$46
47 years$9,353$5,356$2,927$1,545$796$38
48 years$9,054$5,113$2,751$1,428$723$32
49 years$8,768$4,883$2,586$1,319$656$27
50 years$8,494$4,664$2,431$1,219$596$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $8,700,000, adding $5,469 every year, while hoping to spend $45,465 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: 61/17/22 Blend
71$8,700,000$8,700,000$8,700,000$8,700,000
72$9,593,041$9,131,941$8,997,091$10,122,362
73$10,523,157$9,531,032$9,250,119$10,880,515
74$11,546,621$9,948,154$9,510,100$11,702,123
75$12,672,906$10,384,144$9,777,219$12,597,842
76$13,912,451$10,839,876$10,051,664$13,574,887
77$15,276,758$11,316,266$10,333,631$14,641,197
78$16,778,498$11,814,274$10,623,319$15,805,507
79$18,431,637$12,334,906$10,920,932$17,077,431
80$20,251,560$12,879,212$11,226,680$18,467,547
81$22,255,223$13,448,297$11,540,777$19,987,498
82$24,461,306$14,043,314$11,863,443$21,650,097
83$26,890,395$14,665,472$12,194,904$23,469,450
84$29,565,173$15,316,038$12,535,391$25,461,083
85$32,510,635$15,996,339$12,885,142$27,642,090
86$35,754,324$16,707,763$13,244,398$30,031,287
87$39,326,588$17,451,767$13,613,408$32,649,392
88$43,260,871$18,229,874$13,992,429$35,519,217
89$47,594,025$19,043,683$14,381,720$38,665,878
90$52,366,657$19,894,865$14,781,549$42,117,032
91$57,623,516$20,785,173$15,192,191$45,903,136
92$63,413,912$21,716,444$15,613,926$50,057,727
93$69,792,181$22,690,600$16,047,043$54,617,740
94$76,818,200$23,709,656$16,491,836$59,623,852
95$84,557,951$24,775,723$16,948,606$65,120,862
96$93,084,141$25,891,013$17,417,664$71,158,112
97$102,476,893$27,057,842$17,899,326$77,789,946
98$112,824,498$28,278,639$18,393,915$85,076,223
99$124,224,250$29,555,945$18,901,764$93,082,874
100$136,783,364$30,892,427$19,423,214$101,882,524