Can I retire at age 72 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$776,243$769,329$762,583$755,999$749,569$742,979
2 years$384,279$377,122$370,186$363,461$356,938$350,296
3 years$253,641$246,453$239,535$232,873$226,456$219,970
4 years$188,335$181,169$174,320$167,772$161,510$155,229
5 years$149,162$142,039$135,279$128,865$122,778$116,720
6 years$123,055$115,985$109,326$103,054$97,150$91,323
7 years$104,414$97,404$90,850$84,727$79,009$73,416
8 years$90,440$83,494$77,048$71,075$65,545$60,186
9 years$79,577$72,696$66,362$60,540$55,199$50,071
10 years$70,892$64,078$57,856$52,186$47,032$42,134
11 years$63,790$57,045$50,935$45,418$40,449$35,776
12 years$57,876$51,201$45,204$39,837$35,052$30,600
13 years$52,876$46,270$40,386$35,170$30,566$26,330
14 years$48,594$42,058$36,287$31,220$26,794$22,768
15 years$44,887$38,421$32,763$27,843$23,592$19,770
16 years$41,646$35,251$29,704$24,930$20,850$17,227
17 years$38,789$32,465$27,030$22,400$18,487$15,056
18 years$36,252$29,999$24,675$20,187$16,438$13,193
19 years$33,985$27,802$22,588$18,240$14,652$11,585
20 years$31,948$25,835$20,730$16,520$13,087$10,193
21 years$30,106$24,065$19,068$14,993$11,712$8,983
22 years$28,435$22,463$17,574$13,632$10,498$7,928
23 years$26,911$21,010$16,227$12,415$9,423$7,005
24 years$25,516$19,685$15,007$11,323$8,470$6,197
25 years$24,235$18,473$13,899$10,341$7,622$5,487
26 years$23,054$17,362$12,891$9,455$6,865$4,863
27 years$21,962$16,339$11,970$8,655$6,190$4,313
28 years$20,951$15,397$11,128$7,930$5,585$3,827
29 years$20,010$14,525$10,356$7,272$5,043$3,399
30 years$19,134$13,717$9,646$6,674$4,557$3,020
31 years$18,317$12,967$8,993$6,129$4,120$2,684
32 years$17,551$12,270$8,390$5,633$3,727$2,386
33 years$16,834$11,620$7,834$5,180$3,373$2,123
34 years$16,160$11,013$7,320$4,766$3,054$1,889
35 years$15,527$10,445$6,843$4,387$2,766$1,681
36 years$14,929$9,914$6,402$4,041$2,506$1,497
37 years$14,366$9,416$5,992$3,723$2,271$1,333
38 years$13,833$8,949$5,611$3,431$2,059$1,187
39 years$13,329$8,509$5,257$3,164$1,867$1,057
40 years$12,851$8,096$4,927$2,918$1,694$942
41 years$12,398$7,707$4,620$2,692$1,536$839
42 years$11,968$7,340$4,334$2,485$1,394$748
43 years$11,558$6,993$4,067$2,294$1,265$667
44 years$11,169$6,666$3,818$2,118$1,149$594
45 years$10,797$6,357$3,585$1,956$1,043$530
46 years$10,443$6,064$3,367$1,807$947$472
47 years$10,105$5,787$3,163$1,669$860$421
48 years$9,782$5,524$2,972$1,542$781$375
49 years$9,473$5,275$2,794$1,425$709$335
50 years$9,178$5,039$2,627$1,318$644$298

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $9,400,000, adding $4,313 every year, while hoping to spend $27,008 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: 78/14/8 Blend
71$9,400,000$9,400,000$9,400,000$9,400,000
72$10,363,249$9,865,049$9,719,349$11,159,815
73$11,391,564$10,319,700$10,016,211$12,137,985
74$12,523,862$10,795,724$10,322,112$13,206,544
75$13,770,721$11,294,139$10,637,328$14,377,636
76$15,143,796$11,816,014$10,962,140$15,661,461
77$16,655,931$12,362,466$11,296,840$17,069,245
78$18,321,280$12,934,671$11,641,728$18,613,353
79$20,155,437$13,533,856$11,997,112$20,307,395
80$22,175,587$14,161,311$12,363,311$22,166,358
81$24,400,669$14,818,387$12,740,654$24,206,746
82$26,851,548$15,506,499$13,129,477$26,446,731
83$29,551,221$16,227,132$13,530,129$28,906,327
84$32,525,026$16,981,842$13,942,969$31,607,571
85$35,800,886$17,772,259$14,368,365$34,574,734
86$39,409,570$18,600,094$14,806,699$37,834,549
87$43,384,985$19,467,138$15,258,363$41,416,455
88$47,764,495$20,375,269$15,723,760$45,352,879
89$52,589,274$21,326,458$16,203,306$49,679,535
90$57,904,694$22,322,768$16,697,430$54,435,762
91$63,760,752$23,366,363$17,206,574$59,664,890
92$70,212,547$24,459,513$17,731,193$65,414,652
93$77,320,793$25,604,596$18,271,754$71,737,621
94$85,152,397$26,804,104$18,828,741$78,691,716
95$93,781,088$28,060,652$19,402,650$86,340,736
96$103,288,115$29,376,980$19,993,995$94,754,964
97$113,763,012$30,755,961$20,603,303$104,011,826
98$125,304,443$32,200,606$21,231,117$114,196,616
99$138,021,133$33,714,073$21,877,997$125,403,302
100$152,032,899$35,299,673$22,544,520$137,735,405