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%16.9%
1 years$776,243$769,329$762,583$755,999$749,569$728,496
2 years$384,279$377,122$370,186$363,461$356,938$335,867
3 years$253,641$246,453$239,535$232,873$226,456$206,048
4 years$188,335$181,169$174,320$167,772$161,510$141,922
5 years$149,162$142,039$135,279$128,865$122,778$104,062
6 years$123,055$115,985$109,326$103,054$97,150$79,325
7 years$104,414$97,404$90,850$84,727$79,009$62,075
8 years$90,440$83,494$77,048$71,075$65,545$49,493
9 years$79,577$72,696$66,362$60,540$55,199$40,013
10 years$70,892$64,078$57,856$52,186$47,032$32,692
11 years$63,790$57,045$50,935$45,418$40,449$26,932
12 years$57,876$51,201$45,204$39,837$35,052$22,332
13 years$52,876$46,270$40,386$35,170$30,566$18,616
14 years$48,594$42,058$36,287$31,220$26,794$15,584
15 years$44,887$38,421$32,763$27,843$23,592$13,091
16 years$41,646$35,251$29,704$24,930$20,850$11,029
17 years$38,789$32,465$27,030$22,400$18,487$9,314
18 years$36,252$29,999$24,675$20,187$16,438$7,881
19 years$33,985$27,802$22,588$18,240$14,652$6,680
20 years$31,948$25,835$20,730$16,520$13,087$5,670
21 years$30,106$24,065$19,068$14,993$11,712$4,818
22 years$28,435$22,463$17,574$13,632$10,498$4,098
23 years$26,911$21,010$16,227$12,415$9,423$3,489
24 years$25,516$19,685$15,007$11,323$8,470$2,973
25 years$24,235$18,473$13,899$10,341$7,622$2,534
26 years$23,054$17,362$12,891$9,455$6,865$2,161
27 years$21,962$16,339$11,970$8,655$6,190$1,844
28 years$20,951$15,397$11,128$7,930$5,585$1,574
29 years$20,010$14,525$10,356$7,272$5,043$1,344
30 years$19,134$13,717$9,646$6,674$4,557$1,148
31 years$18,317$12,967$8,993$6,129$4,120$981
32 years$17,551$12,270$8,390$5,633$3,727$838
33 years$16,834$11,620$7,834$5,180$3,373$716
34 years$16,160$11,013$7,320$4,766$3,054$612
35 years$15,527$10,445$6,843$4,387$2,766$523
36 years$14,929$9,914$6,402$4,041$2,506$447
37 years$14,366$9,416$5,992$3,723$2,271$382
38 years$13,833$8,949$5,611$3,431$2,059$327
39 years$13,329$8,509$5,257$3,164$1,867$280
40 years$12,851$8,096$4,927$2,918$1,694$239
41 years$12,398$7,707$4,620$2,692$1,536$204
42 years$11,968$7,340$4,334$2,485$1,394$175
43 years$11,558$6,993$4,067$2,294$1,265$150
44 years$11,169$6,666$3,818$2,118$1,149$128
45 years$10,797$6,357$3,585$1,956$1,043$109
46 years$10,443$6,064$3,367$1,807$947$94
47 years$10,105$5,787$3,163$1,669$860$80
48 years$9,782$5,524$2,972$1,542$781$68
49 years$9,473$5,275$2,794$1,425$709$59
50 years$9,178$5,039$2,627$1,318$644$50

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 $4,743 every year, while hoping to spend $49,824 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: 54/17/29 Blend
71$9,400,000$9,400,000$9,400,000$9,400,000
72$10,363,692$9,865,492$9,719,792$10,839,349
73$11,367,777$10,295,889$9,992,393$11,599,549
74$12,472,608$10,745,706$10,272,456$12,421,289
75$13,688,409$11,215,840$10,560,179$13,314,988
76$15,026,445$11,707,235$10,855,763$14,287,578
77$16,499,128$12,220,875$11,159,417$15,346,683
78$18,120,135$12,757,794$11,471,353$16,500,690
79$19,904,534$13,319,071$11,791,788$17,758,825
80$21,868,930$13,905,839$12,120,947$19,131,238
81$24,031,620$14,519,285$12,459,058$20,629,095
82$26,412,765$15,160,649$12,806,356$22,264,688
83$29,034,578$15,831,232$13,163,080$24,051,539
84$31,921,539$16,532,397$13,529,478$26,004,532
85$35,100,622$17,265,570$13,905,801$28,140,049
86$38,601,548$18,032,245$14,292,308$30,476,120
87$42,457,070$18,833,989$14,689,264$33,032,595
88$46,703,277$19,672,440$15,096,940$35,831,324
89$51,379,938$20,549,316$15,515,614$38,896,362
90$56,530,875$21,466,417$15,945,571$42,254,194
91$62,204,379$22,425,626$16,387,102$45,933,979
92$68,453,662$23,428,918$16,840,507$49,967,825
93$75,337,362$24,478,361$17,306,090$54,391,087
94$82,920,094$25,576,122$17,784,165$59,242,696
95$91,273,062$26,724,470$18,275,053$64,565,525
96$100,474,729$27,925,784$18,779,081$70,406,790
97$110,611,558$29,182,554$19,296,587$76,818,487
98$121,778,828$30,497,390$19,827,914$83,857,885
99$134,081,534$31,873,028$20,373,415$91,588,057
100$147,635,376$33,312,331$20,933,450$100,078,472