Can I retire at age 72 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$759,727$752,960$746,358$739,913$733,621$708,437
2 years$376,103$369,098$362,310$355,728$349,343$324,228
3 years$248,244$241,210$234,438$227,918$221,638$197,379
4 years$184,328$177,315$170,611$164,202$158,074$134,857
5 years$145,988$139,017$132,401$126,123$120,165$98,053
6 years$120,436$113,518$107,000$100,862$95,083$74,091
7 years$102,192$95,332$88,917$82,924$77,328$57,453
8 years$88,516$81,717$75,409$69,563$64,151$45,378
9 years$77,884$71,149$64,950$59,252$54,024$36,330
10 years$69,383$62,715$56,625$51,076$46,031$29,387
11 years$62,433$55,831$49,851$44,451$39,588$23,960
12 years$56,645$50,111$44,242$38,990$34,307$19,658
13 years$51,751$45,286$39,527$34,422$29,916$16,210
14 years$47,560$41,164$35,515$30,556$26,224$13,420
15 years$43,932$37,604$32,066$27,251$23,090$11,147
16 years$40,759$34,501$29,072$24,400$20,407$9,283
17 years$37,963$31,774$26,455$21,923$18,094$7,748
18 years$35,481$29,360$24,150$19,757$16,088$6,479
19 years$33,262$27,211$22,108$17,852$14,340$5,426
20 years$31,268$25,286$20,289$16,169$12,809$4,549
21 years$29,466$23,553$18,662$14,674$11,462$3,818
22 years$27,830$21,986$17,200$13,342$10,274$3,208
23 years$26,338$20,563$15,881$12,151$9,223$2,696
24 years$24,973$19,266$14,688$11,082$8,290$2,268
25 years$23,719$18,080$13,604$10,121$7,460$1,909
26 years$22,563$16,992$12,617$9,254$6,719$1,607
27 years$21,495$15,992$11,716$8,471$6,058$1,354
28 years$20,505$15,069$10,891$7,761$5,466$1,141
29 years$19,585$14,216$10,135$7,117$4,936$961
30 years$18,727$13,425$9,441$6,532$4,460$810
31 years$17,927$12,691$8,801$5,999$4,032$683
32 years$17,178$12,009$8,212$5,513$3,647$576
33 years$16,476$11,372$7,667$5,070$3,301$486
34 years$15,817$10,778$7,164$4,664$2,989$410
35 years$15,196$10,223$6,698$4,294$2,707$346
36 years$14,612$9,703$6,266$3,955$2,453$291
37 years$14,060$9,216$5,864$3,644$2,223$246
38 years$13,539$8,758$5,492$3,358$2,015$207
39 years$13,045$8,328$5,145$3,097$1,827$175
40 years$12,578$7,924$4,823$2,856$1,658$148
41 years$12,134$7,543$4,522$2,635$1,504$125
42 years$11,713$7,183$4,242$2,432$1,365$105
43 years$11,312$6,844$3,980$2,245$1,238$89
44 years$10,931$6,524$3,736$2,073$1,124$75
45 years$10,568$6,221$3,508$1,914$1,020$63
46 years$10,221$5,935$3,295$1,768$927$53
47 years$9,890$5,664$3,096$1,634$841$45
48 years$9,574$5,407$2,909$1,510$764$38
49 years$9,272$5,163$2,734$1,395$694$32
50 years$8,982$4,932$2,571$1,290$630$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $9,200,000, adding $3,666 every year, while hoping to spend $36,286 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: 65/18/17 Blend
71$9,200,000$9,200,000$9,200,000$9,200,000
72$10,142,181$9,654,581$9,511,981$10,758,725
73$11,138,076$10,089,048$9,792,025$11,606,748
74$12,234,336$10,543,587$10,080,233$12,528,560
75$13,441,159$11,019,144$10,376,843$13,535,016
76$14,769,785$11,516,710$10,682,094$14,634,397
77$16,232,595$12,037,321$10,996,237$15,835,811
78$17,843,236$12,582,066$11,319,527$17,149,283
79$19,616,742$13,152,083$11,652,227$18,585,845
80$21,569,680$13,748,566$11,994,607$20,157,635
81$23,720,308$14,372,765$12,346,946$21,878,017
82$26,088,740$15,025,992$12,709,530$23,761,698
83$28,697,145$15,709,619$13,082,653$25,824,867
84$31,569,949$16,425,085$13,466,617$28,085,345
85$34,734,068$17,173,899$13,861,733$30,562,753
86$38,219,163$17,957,640$14,268,321$33,278,690
87$42,057,918$18,777,964$14,686,710$36,256,940
88$46,286,348$19,636,607$15,117,237$39,523,686
89$50,944,141$20,535,387$15,560,251$43,107,763
90$56,075,032$21,476,209$16,016,107$47,040,919
91$61,727,213$22,461,071$16,485,175$51,358,118
92$67,953,792$23,492,066$16,967,831$56,097,861
93$74,813,289$24,571,388$17,464,464$61,302,549
94$82,370,193$25,701,335$17,975,472$67,018,880
95$90,695,569$26,884,317$18,501,267$73,298,286
96$99,867,727$28,122,858$19,042,269$80,197,410
97$109,972,964$29,419,607$19,598,914$87,778,643
98$121,106,375$30,777,336$20,171,645$96,110,705
99$133,372,752$32,198,953$20,760,923$105,269,287
100$146,887,577$33,687,505$21,367,218$115,337,768