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%12.5%
1 years$726,696$720,223$713,907$707,743$701,724$694,396
2 years$359,750$353,050$346,557$340,261$334,154$326,775
3 years$237,451$230,722$224,245$218,009$212,001$204,799
4 years$176,314$169,605$163,193$157,063$151,201$144,232
5 years$139,641$132,973$126,645$120,639$114,941$108,224
6 years$115,200$108,582$102,348$96,476$90,949$84,494
7 years$97,749$91,187$85,051$79,318$73,966$67,775
8 years$84,667$78,164$72,130$66,538$61,362$55,435
9 years$74,498$68,056$62,126$56,676$51,675$46,011
10 years$66,367$59,988$54,163$48,855$44,030$38,624
11 years$59,718$53,404$47,684$42,519$37,867$32,715
12 years$54,182$47,932$42,318$37,295$32,815$27,911
13 years$49,501$43,317$37,809$32,925$28,615$23,954
14 years$45,493$39,374$33,971$29,228$25,084$20,659
15 years$42,022$35,969$30,671$26,066$22,086$17,890
16 years$38,987$33,001$27,808$23,339$19,520$15,546
17 years$36,313$30,392$25,304$20,970$17,307$13,549
18 years$33,938$28,084$23,100$18,898$15,389$11,839
19 years$31,816$26,028$21,147$17,076$13,717$10,366
20 years$29,908$24,186$19,407$15,466$12,252$9,094
21 years$28,185$22,529$17,851$14,036$10,964$7,990
22 years$26,620$21,030$16,452$12,762$9,828$7,031
23 years$25,193$19,669$15,191$11,623$8,822$6,194
24 years$23,887$18,428$14,049$10,601$7,929$5,462
25 years$22,688$17,294$13,012$9,681$7,135$4,821
26 years$21,582$16,254$12,068$8,852$6,427$4,259
27 years$20,560$15,296$11,206$8,102$5,795$3,766
28 years$19,613$14,414$10,418$7,423$5,229$3,331
29 years$18,733$13,598$9,695$6,807$4,721$2,949
30 years$17,913$12,842$9,030$6,248$4,266$2,611
31 years$17,147$12,140$8,419$5,738$3,857$2,313
32 years$16,431$11,487$7,855$5,273$3,489$2,050
33 years$15,760$10,878$7,334$4,849$3,157$1,818
34 years$15,129$10,310$6,852$4,462$2,859$1,612
35 years$14,536$9,779$6,407$4,107$2,589$1,430
36 years$13,976$9,281$5,993$3,783$2,346$1,269
37 years$13,449$8,815$5,609$3,485$2,126$1,126
38 years$12,950$8,378$5,253$3,212$1,928$999
39 years$12,478$7,966$4,922$2,962$1,748$887
40 years$12,031$7,579$4,613$2,732$1,585$788
41 years$11,607$7,215$4,325$2,521$1,438$699
42 years$11,204$6,871$4,057$2,326$1,305$621
43 years$10,820$6,547$3,807$2,147$1,185$552
44 years$10,456$6,240$3,574$1,983$1,075$490
45 years$10,108$5,951$3,356$1,831$976$435
46 years$9,777$5,677$3,152$1,691$886$387
47 years$9,460$5,417$2,961$1,563$805$344
48 years$9,158$5,172$2,783$1,444$731$305
49 years$8,869$4,939$2,615$1,335$664$271
50 years$8,592$4,718$2,459$1,233$603$241

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 $6,248 every year, while hoping to spend $57,051 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: 60/31/9 Blend
71$8,800,000$8,800,000$8,800,000$8,800,000
72$9,704,045$9,237,645$9,101,245$10,266,345
73$10,633,156$9,629,588$9,345,435$11,036,174
74$11,655,123$10,038,823$9,595,893$11,868,426
75$12,779,360$10,466,140$9,852,769$12,774,780
76$14,016,234$10,912,360$10,116,216$13,762,374
77$15,377,170$11,378,346$10,386,390$14,839,056
78$16,874,758$11,865,001$10,663,450$16,013,459
79$18,522,866$12,373,269$10,947,559$17,295,076
80$20,336,779$12,904,139$11,238,882$18,694,349
81$22,333,334$13,458,647$11,537,589$20,222,764
82$24,531,088$14,037,874$11,843,852$21,892,960
83$26,950,485$14,642,956$12,157,847$23,718,838
84$29,614,053$15,275,079$12,479,753$25,715,699
85$32,546,616$15,935,487$12,809,754$27,900,376
86$35,775,526$16,625,481$13,148,036$30,291,396
87$39,330,922$17,346,423$13,494,788$32,909,148
88$43,246,018$18,099,739$13,850,205$35,776,073
89$47,557,408$18,886,923$14,214,484$38,916,874
90$52,305,420$19,709,538$14,587,825$42,358,741
91$57,534,490$20,569,222$14,970,434$46,131,608
92$63,293,582$21,467,689$15,362,518$50,268,428
93$69,636,656$22,406,733$15,764,290$54,805,480
94$76,623,167$23,388,236$16,175,967$59,782,711
95$84,318,635$24,414,164$16,597,766$65,244,101
96$92,795,258$25,486,581$17,029,914$71,238,080
97$102,132,594$26,607,643$17,472,636$77,817,974
98$112,418,313$27,779,612$17,926,164$85,042,509
99$123,749,024$29,004,856$18,390,733$92,976,354
100$136,231,185$30,285,854$18,866,583$101,690,728