Can I retire at age 72 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$734,954$728,407$722,020$715,786$709,698$695,369
2 years$363,838$357,062$350,495$344,128$337,952$323,578
3 years$240,150$233,344$226,794$220,486$214,410$200,441
4 years$178,317$171,533$165,048$158,848$152,919$139,461
5 years$141,228$134,484$128,084$122,010$116,247$103,339
6 years$116,509$109,816$103,511$97,573$91,982$79,638
7 years$98,860$92,223$86,018$80,220$74,806$63,028
8 years$85,629$79,052$72,950$67,294$62,059$50,844
9 years$75,344$68,829$62,832$57,320$52,263$41,603
10 years$67,121$60,670$54,778$49,410$44,530$34,416
11 years$60,397$54,011$48,226$43,002$38,298$28,716
12 years$54,798$48,477$42,799$37,718$33,188$24,125
13 years$50,064$43,809$38,238$33,300$28,940$20,381
14 years$46,010$39,821$34,357$29,560$25,369$17,297
15 years$42,499$36,377$31,020$26,362$22,337$14,735
16 years$39,430$33,376$28,124$23,604$19,741$12,592
17 years$36,726$30,738$25,592$21,208$17,504$10,789
18 years$34,324$28,403$23,362$19,113$15,564$9,265
19 years$32,178$26,324$21,387$17,270$13,872$7,971
20 years$30,248$24,461$19,628$15,642$12,391$6,869
21 years$28,505$22,785$18,054$14,196$11,089$5,927
22 years$26,922$21,269$16,639$12,907$9,939$5,120
23 years$25,479$19,892$15,363$11,755$8,922$4,428
24 years$24,159$18,638$14,209$10,721$8,019$3,833
25 years$22,946$17,490$13,160$9,791$7,216$3,320
26 years$21,828$16,438$12,205$8,952$6,500$2,877
27 years$20,794$15,470$11,334$8,194$5,860$2,495
28 years$19,836$14,578$10,536$7,508$5,288$2,165
29 years$18,946$13,752$9,805$6,885$4,775$1,879
30 years$18,117$12,988$9,133$6,319$4,314$1,631
31 years$17,342$12,278$8,514$5,803$3,901$1,417
32 years$16,618$11,617$7,944$5,333$3,528$1,231
33 years$15,939$11,002$7,417$4,904$3,193$1,070
34 years$15,301$10,427$6,930$4,512$2,891$930
35 years$14,701$9,890$6,479$4,154$2,619$808
36 years$14,135$9,387$6,061$3,826$2,373$703
37 years$13,602$8,915$5,673$3,525$2,150$611
38 years$13,097$8,473$5,313$3,249$1,949$531
39 years$12,620$8,057$4,977$2,996$1,768$462
40 years$12,168$7,665$4,665$2,763$1,604$402
41 years$11,739$7,297$4,375$2,549$1,455$350
42 years$11,331$6,949$4,104$2,353$1,320$304
43 years$10,943$6,621$3,851$2,172$1,198$265
44 years$10,574$6,311$3,614$2,005$1,087$230
45 years$10,223$6,018$3,394$1,852$987$200
46 years$9,888$5,741$3,188$1,711$896$174
47 years$9,568$5,479$2,995$1,580$814$152
48 years$9,262$5,230$2,814$1,460$739$132
49 years$8,969$4,995$2,645$1,350$671$115
50 years$8,690$4,771$2,487$1,248$610$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $8,900,000, adding $3,508 every year, while hoping to spend $21,327 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: 76/14/10 Blend
71$8,900,000$8,900,000$8,900,000$8,900,000
72$9,811,419$9,339,719$9,201,769$10,539,576
73$10,789,491$9,774,673$9,487,336$11,454,430
74$11,866,613$10,230,225$9,781,755$12,453,934
75$13,052,864$10,707,363$10,085,300$13,548,952
76$14,359,351$11,207,119$10,398,253$14,748,966
77$15,798,316$11,730,579$10,720,906$16,064,418
78$17,383,247$12,278,879$11,053,558$17,506,803
79$19,129,005$12,853,211$11,396,520$19,088,775
80$21,051,970$13,454,825$11,750,109$20,824,268
81$23,170,189$14,085,030$12,114,656$22,728,625
82$25,503,550$14,745,198$12,490,499$24,818,738
83$28,073,969$15,436,770$12,877,988$27,113,209
84$30,905,597$16,161,254$13,277,483$29,632,525
85$34,025,044$16,920,233$13,689,356$32,399,244
86$37,461,639$17,715,364$14,113,989$35,438,210
87$41,247,696$18,548,387$14,551,778$38,776,786
88$45,418,828$19,421,125$15,003,129$42,445,107
89$50,014,277$20,335,489$15,468,463$46,476,363
90$55,077,288$21,293,482$15,948,211$50,907,111
91$60,655,515$22,297,206$16,442,819$55,777,619
92$66,801,472$23,348,864$16,952,748$61,132,238
93$73,573,027$24,450,764$17,478,471$67,019,823
94$81,033,953$25,605,328$18,020,476$73,494,189
95$89,254,522$26,815,094$18,579,268$80,614,618
96$98,312,175$28,082,726$19,155,365$88,446,411
97$108,292,249$29,411,012$19,749,302$97,061,507
98$119,288,787$30,802,880$20,361,632$106,539,153
99$131,405,419$32,261,397$20,992,923$116,966,653
100$144,756,347$33,789,780$21,643,761$128,440,185