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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$734,954$728,407$722,020$715,786$709,698$682,079
2 years$363,838$357,062$350,495$344,128$337,952$310,459
3 years$240,150$233,344$226,794$220,486$214,410$187,910
4 years$178,317$171,533$165,048$158,848$152,919$127,614
5 years$141,228$134,484$128,084$122,010$116,247$92,200
6 years$116,509$109,816$103,511$97,573$91,982$69,210
7 years$98,860$92,223$86,018$80,220$74,806$53,301
8 years$85,629$79,052$72,950$67,294$62,059$41,800
9 years$75,344$68,829$62,832$57,320$52,263$33,220
10 years$67,121$60,670$54,778$49,410$44,530$26,668
11 years$60,397$54,011$48,226$43,002$38,298$21,574
12 years$54,798$48,477$42,799$37,718$33,188$17,559
13 years$50,064$43,809$38,238$33,300$28,940$14,361
14 years$46,010$39,821$34,357$29,560$25,369$11,790
15 years$42,499$36,377$31,020$26,362$22,337$9,709
16 years$39,430$33,376$28,124$23,604$19,741$8,016
17 years$36,726$30,738$25,592$21,208$17,504$6,632
18 years$34,324$28,403$23,362$19,113$15,564$5,496
19 years$32,178$26,324$21,387$17,270$13,872$4,560
20 years$30,248$24,461$19,628$15,642$12,391$3,789
21 years$28,505$22,785$18,054$14,196$11,089$3,151
22 years$26,922$21,269$16,639$12,907$9,939$2,622
23 years$25,479$19,892$15,363$11,755$8,922$2,183
24 years$24,159$18,638$14,209$10,721$8,019$1,819
25 years$22,946$17,490$13,160$9,791$7,216$1,516
26 years$21,828$16,438$12,205$8,952$6,500$1,265
27 years$20,794$15,470$11,334$8,194$5,860$1,055
28 years$19,836$14,578$10,536$7,508$5,288$880
29 years$18,946$13,752$9,805$6,885$4,775$734
30 years$18,117$12,988$9,133$6,319$4,314$613
31 years$17,342$12,278$8,514$5,803$3,901$512
32 years$16,618$11,617$7,944$5,333$3,528$427
33 years$15,939$11,002$7,417$4,904$3,193$357
34 years$15,301$10,427$6,930$4,512$2,891$298
35 years$14,701$9,890$6,479$4,154$2,619$249
36 years$14,135$9,387$6,061$3,826$2,373$208
37 years$13,602$8,915$5,673$3,525$2,150$174
38 years$13,097$8,473$5,313$3,249$1,949$145
39 years$12,620$8,057$4,977$2,996$1,768$121
40 years$12,168$7,665$4,665$2,763$1,604$101
41 years$11,739$7,297$4,375$2,549$1,455$84
42 years$11,331$6,949$4,104$2,353$1,320$71
43 years$10,943$6,621$3,851$2,172$1,198$59
44 years$10,574$6,311$3,614$2,005$1,087$49
45 years$10,223$6,018$3,394$1,852$987$41
46 years$9,888$5,741$3,188$1,711$896$34
47 years$9,568$5,479$2,995$1,580$814$29
48 years$9,262$5,230$2,814$1,460$739$24
49 years$8,969$4,995$2,645$1,350$671$20
50 years$8,690$4,771$2,487$1,248$610$17

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 $5,560 every year, while hoping to spend $59,657 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: 65/17/18 Blend
71$8,900,000$8,900,000$8,900,000$8,900,000
72$9,813,535$9,341,835$9,203,885$10,407,101
73$10,751,041$9,736,110$9,448,741$11,200,080
74$11,782,173$10,147,706$9,699,799$12,058,946
75$12,916,419$10,577,407$9,957,206$12,996,086
76$14,164,229$11,026,036$10,221,109$14,019,162
77$15,537,122$11,494,454$10,491,658$15,136,606
78$17,047,787$11,983,560$10,769,006$16,357,695
79$18,710,205$12,494,298$11,053,311$17,692,642
80$20,539,781$13,027,653$11,344,732$19,152,688
81$22,553,489$13,584,659$11,643,432$20,750,206
82$24,770,033$14,166,396$11,949,575$22,498,816
83$27,210,021$14,773,994$12,263,331$24,413,514
84$29,896,162$15,408,638$12,584,871$26,510,808
85$32,853,477$16,071,568$12,914,370$28,808,877
86$36,109,537$16,764,080$13,252,007$31,327,732
87$39,694,722$17,487,532$13,597,962$34,089,414
88$43,642,510$18,243,348$13,952,420$37,118,187
89$47,989,789$19,033,014$14,315,568$40,440,777
90$52,777,205$19,858,090$14,687,598$44,086,613
91$58,049,551$20,720,207$15,068,703$48,088,106
92$63,856,182$21,621,074$15,459,081$52,480,951
93$70,251,484$22,562,479$15,858,933$57,304,462
94$77,295,390$23,546,294$16,268,461$62,601,940
95$85,053,939$24,574,482$16,687,874$68,421,078
96$93,599,904$25,649,095$17,117,381$74,814,409
97$103,013,478$26,772,284$17,557,196$81,839,798
98$113,383,027$27,946,300$18,007,537$89,560,985
99$124,805,928$29,173,501$18,468,622$98,048,182
100$137,389,487$30,456,357$18,940,675$107,378,734