Can I retire at age 72 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$726,696$720,223$713,907$707,743$701,724$681,447
2 years$359,750$353,050$346,557$340,261$334,154$313,886
3 years$237,451$230,722$224,245$218,009$212,001$192,377
4 years$176,314$169,605$163,193$157,063$151,201$132,372
5 years$139,641$132,973$126,645$120,639$114,941$96,958
6 years$115,200$108,582$102,348$96,476$90,949$73,829
7 years$97,749$91,187$85,051$79,318$73,966$57,708
8 years$84,667$78,164$72,130$66,538$61,362$45,958
9 years$74,498$68,056$62,126$56,676$51,675$37,109
10 years$66,367$59,988$54,163$48,855$44,030$30,282
11 years$59,718$53,404$47,684$42,519$37,867$24,914
12 years$54,182$47,932$42,318$37,295$32,815$20,632
13 years$49,501$43,317$37,809$32,925$28,615$17,175
14 years$45,493$39,374$33,971$29,228$25,084$14,358
15 years$42,022$35,969$30,671$26,066$22,086$12,045
16 years$38,987$33,001$27,808$23,339$19,520$10,133
17 years$36,313$30,392$25,304$20,970$17,307$8,545
18 years$33,938$28,084$23,100$18,898$15,389$7,220
19 years$31,816$26,028$21,147$17,076$13,717$6,110
20 years$29,908$24,186$19,407$15,466$12,252$5,178
21 years$28,185$22,529$17,851$14,036$10,964$4,393
22 years$26,620$21,030$16,452$12,762$9,828$3,731
23 years$25,193$19,669$15,191$11,623$8,822$3,172
24 years$23,887$18,428$14,049$10,601$7,929$2,698
25 years$22,688$17,294$13,012$9,681$7,135$2,296
26 years$21,582$16,254$12,068$8,852$6,427$1,955
27 years$20,560$15,296$11,206$8,102$5,795$1,666
28 years$19,613$14,414$10,418$7,423$5,229$1,419
29 years$18,733$13,598$9,695$6,807$4,721$1,210
30 years$17,913$12,842$9,030$6,248$4,266$1,032
31 years$17,147$12,140$8,419$5,738$3,857$880
32 years$16,431$11,487$7,855$5,273$3,489$751
33 years$15,760$10,878$7,334$4,849$3,157$640
34 years$15,129$10,310$6,852$4,462$2,859$546
35 years$14,536$9,779$6,407$4,107$2,589$466
36 years$13,976$9,281$5,993$3,783$2,346$398
37 years$13,449$8,815$5,609$3,485$2,126$340
38 years$12,950$8,378$5,253$3,212$1,928$290
39 years$12,478$7,966$4,922$2,962$1,748$248
40 years$12,031$7,579$4,613$2,732$1,585$211
41 years$11,607$7,215$4,325$2,521$1,438$180
42 years$11,204$6,871$4,057$2,326$1,305$154
43 years$10,820$6,547$3,807$2,147$1,185$132
44 years$10,456$6,240$3,574$1,983$1,075$112
45 years$10,108$5,951$3,356$1,831$976$96
46 years$9,777$5,677$3,152$1,691$886$82
47 years$9,460$5,417$2,961$1,563$805$70
48 years$9,158$5,172$2,783$1,444$731$60
49 years$8,869$4,939$2,615$1,335$664$51
50 years$8,592$4,718$2,459$1,233$603$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $8,800,000, adding $2,163 every year, while hoping to spend $52,237 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: 79/15/6 Blend
71$8,800,000$8,800,000$8,800,000$8,800,000
72$9,699,831$9,233,431$9,097,031$10,461,266
73$10,633,634$9,630,289$9,346,202$11,357,312
74$11,660,934$10,044,843$9,601,969$12,332,907
75$12,791,213$10,477,904$9,864,499$13,401,489
76$14,034,918$10,930,322$10,133,960$14,572,298
77$15,403,559$11,402,987$10,410,527$15,855,506
78$16,909,819$11,896,831$10,694,377$17,262,312
79$18,567,673$12,412,828$10,985,692$18,805,047
80$20,392,520$12,952,001$11,284,656$20,497,290
81$22,401,326$13,515,418$11,591,461$22,353,990
82$24,612,786$14,104,198$11,906,300$24,391,613
83$27,047,501$14,719,514$12,229,371$26,628,288
84$29,728,169$15,362,594$12,560,878$29,083,985
85$32,679,802$16,034,721$12,901,028$31,780,691
86$35,929,963$16,737,243$13,250,033$34,742,628
87$39,509,019$17,471,568$13,608,110$37,996,469
88$43,450,437$18,239,173$13,975,479$41,571,594
89$47,791,091$19,041,602$14,352,367$45,500,365
90$52,571,616$19,880,475$14,739,006$49,818,426
91$57,836,789$20,757,486$15,135,630$54,565,039
92$63,635,950$21,674,411$15,542,482$59,783,454
93$70,023,469$22,633,109$15,959,807$65,521,314
94$77,059,260$23,635,528$16,387,858$71,831,099
95$84,809,343$24,683,708$16,826,890$78,770,624
96$93,346,471$25,779,784$17,277,165$86,403,578
97$102,750,813$26,925,996$17,738,952$94,800,123
98$113,110,712$28,124,686$18,212,524$104,037,556
99$124,523,520$29,378,311$18,698,159$114,201,032
100$137,096,513$30,689,442$19,196,141$125,384,367