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%11.2%
1 years$767,985$761,144$754,470$747,956$741,595$737,850
2 years$380,191$373,110$366,248$359,594$353,141$349,361
3 years$250,943$243,832$236,987$230,396$224,047$220,349
4 years$186,331$179,242$172,466$165,987$159,792$156,206
5 years$147,575$140,528$133,840$127,494$121,471$118,006
6 years$121,745$114,752$108,163$101,958$96,116$92,777
7 years$103,303$96,368$89,884$83,825$78,168$74,957
8 years$89,478$82,605$76,229$70,319$64,848$61,765
9 years$78,730$71,923$65,656$59,896$54,611$51,655
10 years$70,137$63,396$57,240$51,631$46,532$43,701
11 years$63,111$56,438$50,393$44,934$40,019$37,312
12 years$57,261$50,656$44,723$39,414$34,679$32,095
13 years$52,314$45,778$39,957$34,796$30,241$27,776
14 years$48,077$41,611$35,901$30,888$26,509$24,160
15 years$44,409$38,012$32,414$27,547$23,341$21,105
16 years$41,203$34,876$29,388$24,665$20,629$18,504
17 years$38,376$32,119$26,742$22,162$18,291$16,273
18 years$35,867$29,680$24,412$19,972$16,263$14,349
19 years$33,624$27,507$22,348$18,046$14,496$12,682
20 years$31,608$25,561$20,510$16,344$12,948$11,231
21 years$29,786$23,809$18,865$14,834$11,587$9,964
22 years$28,132$22,225$17,387$13,487$10,386$8,853
23 years$26,625$20,786$16,054$12,283$9,323$7,876
24 years$25,245$19,475$14,847$11,203$8,380$7,015
25 years$23,977$18,277$13,752$10,231$7,541$6,255
26 years$22,809$17,177$12,754$9,355$6,792$5,583
27 years$21,729$16,166$11,843$8,563$6,124$4,987
28 years$20,728$15,233$11,010$7,845$5,526$4,457
29 years$19,797$14,370$10,245$7,194$4,990$3,987
30 years$18,931$13,571$9,543$6,603$4,508$3,568
31 years$18,122$12,829$8,897$6,064$4,076$3,195
32 years$17,365$12,139$8,301$5,573$3,687$2,862
33 years$16,655$11,496$7,751$5,125$3,337$2,564
34 years$15,988$10,896$7,242$4,715$3,021$2,299
35 years$15,361$10,334$6,771$4,341$2,736$2,062
36 years$14,771$9,809$6,334$3,998$2,479$1,849
37 years$14,213$9,316$5,928$3,683$2,247$1,659
38 years$13,686$8,854$5,551$3,395$2,037$1,489
39 years$13,187$8,419$5,201$3,130$1,847$1,337
40 years$12,715$8,010$4,875$2,887$1,676$1,200
41 years$12,266$7,625$4,571$2,664$1,520$1,078
42 years$11,840$7,261$4,288$2,458$1,379$968
43 years$11,435$6,919$4,024$2,269$1,252$869
44 years$11,050$6,595$3,777$2,095$1,136$781
45 years$10,682$6,289$3,546$1,935$1,032$702
46 years$10,332$5,999$3,331$1,788$937$630
47 years$9,998$5,725$3,129$1,651$850$567
48 years$9,678$5,466$2,941$1,526$772$509
49 years$9,372$5,219$2,764$1,410$701$458
50 years$9,080$4,986$2,599$1,304$637$411

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 $2,536 every year, while hoping to spend $58,904 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: 54/27/19 Blend
71$9,300,000$9,300,000$9,300,000$9,300,000
72$10,251,216$9,758,316$9,614,166$10,751,832
73$11,234,167$10,173,800$9,873,567$11,510,256
74$12,315,404$10,607,669$10,139,684$12,328,967
75$13,504,891$11,060,760$10,412,679$13,218,895
76$14,813,605$11,533,953$10,692,720$14,186,854
77$16,253,642$12,028,165$10,979,974$15,240,335
78$17,838,327$12,544,359$11,274,617$16,387,576
79$19,582,345$13,083,541$11,576,825$17,637,634
80$21,501,874$13,646,765$11,886,779$19,000,471
81$23,614,743$14,235,134$12,204,664$20,487,045
82$25,940,594$14,849,803$12,530,668$22,109,410
83$28,501,072$15,491,981$12,864,983$23,880,826
84$31,320,027$16,162,934$13,207,805$25,815,883
85$34,423,739$16,863,986$13,559,335$27,930,634
86$37,841,164$17,596,525$13,919,777$30,242,745
87$41,604,213$18,362,005$14,289,339$32,771,656
88$45,748,044$19,161,945$14,668,234$35,538,764
89$50,311,403$19,997,939$15,056,678$38,567,618
90$55,336,982$20,871,653$15,454,893$41,884,139
91$60,871,825$21,784,835$15,863,102$45,516,862
92$66,967,772$22,739,313$16,281,537$49,497,198
93$73,681,947$23,737,001$16,710,430$53,859,730
94$81,077,296$24,779,905$17,150,021$58,642,531
95$89,223,185$25,870,125$17,600,551$63,887,520
96$98,196,048$27,009,860$18,062,268$69,640,855
97$108,080,115$28,201,413$18,535,423$75,953,361
98$118,968,200$29,447,196$19,020,274$82,881,004
99$130,962,584$30,749,735$19,517,080$90,485,416
100$144,175,973$32,111,678$20,026,108$98,834,467