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%17.1%
1 years$776,243$769,329$762,583$755,999$749,569$727,909
2 years$384,279$377,122$370,186$363,461$356,938$335,287
3 years$253,641$246,453$239,535$232,873$226,456$205,494
4 years$188,335$181,169$174,320$167,772$161,510$141,397
5 years$149,162$142,039$135,279$128,865$122,778$103,569
6 years$123,055$115,985$109,326$103,054$97,150$78,863
7 years$104,414$97,404$90,850$84,727$79,009$61,643
8 years$90,440$83,494$77,048$71,075$65,545$49,091
9 years$79,577$72,696$66,362$60,540$55,199$39,639
10 years$70,892$64,078$57,856$52,186$47,032$32,347
11 years$63,790$57,045$50,935$45,418$40,449$26,613
12 years$57,876$51,201$45,204$39,837$35,052$22,039
13 years$52,876$46,270$40,386$35,170$30,566$18,346
14 years$48,594$42,058$36,287$31,220$26,794$15,337
15 years$44,887$38,421$32,763$27,843$23,592$12,866
16 years$41,646$35,251$29,704$24,930$20,850$10,824
17 years$38,789$32,465$27,030$22,400$18,487$9,127
18 years$36,252$29,999$24,675$20,187$16,438$7,712
19 years$33,985$27,802$22,588$18,240$14,652$6,527
20 years$31,948$25,835$20,730$16,520$13,087$5,531
21 years$30,106$24,065$19,068$14,993$11,712$4,693
22 years$28,435$22,463$17,574$13,632$10,498$3,986
23 years$26,911$21,010$16,227$12,415$9,423$3,388
24 years$25,516$19,685$15,007$11,323$8,470$2,882
25 years$24,235$18,473$13,899$10,341$7,622$2,453
26 years$23,054$17,362$12,891$9,455$6,865$2,088
27 years$21,962$16,339$11,970$8,655$6,190$1,779
28 years$20,951$15,397$11,128$7,930$5,585$1,516
29 years$20,010$14,525$10,356$7,272$5,043$1,292
30 years$19,134$13,717$9,646$6,674$4,557$1,102
31 years$18,317$12,967$8,993$6,129$4,120$940
32 years$17,551$12,270$8,390$5,633$3,727$802
33 years$16,834$11,620$7,834$5,180$3,373$684
34 years$16,160$11,013$7,320$4,766$3,054$584
35 years$15,527$10,445$6,843$4,387$2,766$498
36 years$14,929$9,914$6,402$4,041$2,506$425
37 years$14,366$9,416$5,992$3,723$2,271$363
38 years$13,833$8,949$5,611$3,431$2,059$310
39 years$13,329$8,509$5,257$3,164$1,867$264
40 years$12,851$8,096$4,927$2,918$1,694$226
41 years$12,398$7,707$4,620$2,692$1,536$193
42 years$11,968$7,340$4,334$2,485$1,394$165
43 years$11,558$6,993$4,067$2,294$1,265$140
44 years$11,169$6,666$3,818$2,118$1,149$120
45 years$10,797$6,357$3,585$1,956$1,043$102
46 years$10,443$6,064$3,367$1,807$947$87
47 years$10,105$5,787$3,163$1,669$860$75
48 years$9,782$5,524$2,972$1,542$781$64
49 years$9,473$5,275$2,794$1,425$709$54
50 years$9,178$5,039$2,627$1,318$644$46

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 $6,428 every year, while hoping to spend $48,664 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: 44/48/8 Blend
71$9,400,000$9,400,000$9,400,000$9,400,000
72$10,365,430$9,867,230$9,721,530$10,797,643
73$11,370,926$10,298,947$9,995,424$11,529,362
74$12,477,352$10,750,186$10,276,861$12,316,439
75$13,694,950$11,221,854$10,566,045$13,168,351
76$15,035,008$11,714,897$10,863,180$14,091,067
77$16,509,962$12,230,310$11,168,480$15,091,133
78$18,133,515$12,769,132$11,482,160$16,175,735
79$19,920,765$13,332,452$11,804,445$17,352,761
80$21,888,351$13,921,409$12,135,561$18,630,872
81$24,054,603$14,537,199$12,475,743$20,019,578
82$26,439,723$15,181,073$12,825,231$21,529,322
83$29,065,970$15,854,340$13,184,271$23,171,579
84$31,957,869$16,558,373$13,553,115$24,958,952
85$35,142,448$17,294,609$13,932,020$26,905,291
86$38,649,488$18,064,555$14,321,253$29,025,818
87$42,511,804$18,869,787$14,721,084$31,337,260
88$46,765,559$19,711,958$15,131,791$33,858,007
89$51,450,600$20,592,798$15,553,660$36,608,274
90$56,610,837$21,514,120$15,986,983$39,610,291
91$62,294,654$22,477,824$16,432,058$42,888,500
92$68,555,370$23,485,898$16,889,194$46,469,780
93$75,451,739$24,540,429$17,358,703$50,383,697
94$83,048,504$25,643,598$17,840,908$54,662,768
95$91,417,012$26,797,694$18,336,138$59,342,769
96$100,635,880$28,005,114$18,844,732$64,463,054
97$110,791,745$29,268,370$19,367,035$70,066,925
98$121,980,074$30,590,091$19,903,402$76,202,026
99$134,306,071$31,973,036$20,454,196$82,920,787
100$147,885,667$33,420,091$21,019,788$90,280,905