Can I retire at age 72 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$767,985$761,144$754,470$747,956$741,595$715,283
2 years$380,191$373,110$366,248$359,594$353,141$326,912
3 years$250,943$243,832$236,987$230,396$224,047$198,726
4 years$186,331$179,242$172,466$165,987$159,792$135,572
5 years$147,575$140,528$133,840$127,494$121,471$98,417
6 years$121,745$114,752$108,163$101,958$96,116$74,243
7 years$103,303$96,368$89,884$83,825$78,168$57,473
8 years$89,478$82,605$76,229$70,319$64,848$45,313
9 years$78,730$71,923$65,656$59,896$54,611$36,211
10 years$70,137$63,396$57,240$51,631$46,532$29,235
11 years$63,111$56,438$50,393$44,934$40,019$23,790
12 years$57,261$50,656$44,723$39,414$34,679$19,480
13 years$52,314$45,778$39,957$34,796$30,241$16,030
14 years$48,077$41,611$35,901$30,888$26,509$13,243
15 years$44,409$38,012$32,414$27,547$23,341$10,977
16 years$41,203$34,876$29,388$24,665$20,629$9,122
17 years$38,376$32,119$26,742$22,162$18,291$7,597
18 years$35,867$29,680$24,412$19,972$16,263$6,338
19 years$33,624$27,507$22,348$18,046$14,496$5,295
20 years$31,608$25,561$20,510$16,344$12,948$4,430
21 years$29,786$23,809$18,865$14,834$11,587$3,709
22 years$28,132$22,225$17,387$13,487$10,386$3,109
23 years$26,625$20,786$16,054$12,283$9,323$2,607
24 years$25,245$19,475$14,847$11,203$8,380$2,188
25 years$23,977$18,277$13,752$10,231$7,541$1,837
26 years$22,809$17,177$12,754$9,355$6,792$1,543
27 years$21,729$16,166$11,843$8,563$6,124$1,296
28 years$20,728$15,233$11,010$7,845$5,526$1,090
29 years$19,797$14,370$10,245$7,194$4,990$916
30 years$18,931$13,571$9,543$6,603$4,508$770
31 years$18,122$12,829$8,897$6,064$4,076$648
32 years$17,365$12,139$8,301$5,573$3,687$545
33 years$16,655$11,496$7,751$5,125$3,337$458
34 years$15,988$10,896$7,242$4,715$3,021$386
35 years$15,361$10,334$6,771$4,341$2,736$324
36 years$14,771$9,809$6,334$3,998$2,479$273
37 years$14,213$9,316$5,928$3,683$2,247$230
38 years$13,686$8,854$5,551$3,395$2,037$193
39 years$13,187$8,419$5,201$3,130$1,847$163
40 years$12,715$8,010$4,875$2,887$1,676$137
41 years$12,266$7,625$4,571$2,664$1,520$115
42 years$11,840$7,261$4,288$2,458$1,379$97
43 years$11,435$6,919$4,024$2,269$1,252$82
44 years$11,050$6,595$3,777$2,095$1,136$69
45 years$10,682$6,289$3,546$1,935$1,032$58
46 years$10,332$5,999$3,331$1,788$937$49
47 years$9,998$5,725$3,129$1,651$850$41
48 years$9,678$5,466$2,941$1,526$772$34
49 years$9,372$5,219$2,764$1,410$701$29
50 years$9,080$4,986$2,599$1,304$637$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $9,300,000, adding $6,512 every year, while hoping to spend $36,128 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: 74/16/10 Blend
71$9,300,000$9,300,000$9,300,000$9,300,000
72$10,255,317$9,762,417$9,618,267$10,994,996
73$11,262,920$10,202,336$9,902,039$11,923,753
74$12,372,087$10,662,599$10,194,107$12,935,797
75$13,593,140$11,144,167$10,494,710$14,043,544
76$14,937,452$11,648,043$10,804,094$15,256,460
77$16,417,555$12,175,280$11,122,514$16,584,970
78$18,047,258$12,726,981$11,450,231$18,040,546
79$19,841,776$13,304,301$11,787,512$19,635,818
80$21,817,877$13,908,452$12,134,633$21,384,691
81$23,994,036$14,540,701$12,491,878$23,302,473
82$26,390,611$15,202,379$12,859,540$25,406,020
83$29,030,036$15,894,878$13,237,917$27,713,892
84$31,937,031$16,619,659$13,627,319$30,246,523
85$35,138,836$17,378,250$14,028,062$33,026,418
86$38,665,469$18,172,256$14,440,474$36,078,357
87$42,550,007$19,003,356$14,864,889$39,429,632
88$46,828,898$19,873,311$15,301,653$43,110,297
89$51,542,307$20,783,965$15,751,121$47,153,452
90$56,734,496$21,737,253$16,213,657$51,595,553
91$62,454,236$22,735,200$16,689,636$56,476,753
92$68,755,274$23,779,930$17,179,444$61,841,276
93$75,696,835$24,873,670$17,683,479$67,737,834
94$83,344,183$26,018,751$18,202,147$74,220,084
95$91,769,239$27,217,619$18,735,867$81,347,127
96$101,051,254$28,472,835$19,285,072$89,184,069
97$111,277,565$29,787,087$19,850,204$97,802,625
98$122,544,409$31,163,187$20,431,720$107,281,797
99$134,957,843$32,604,087$21,030,086$117,708,613
100$148,634,735$34,112,880$21,645,786$129,178,949