Can I retire at age 72 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$784,501$777,513$770,696$764,041$757,543$736,840
2 years$388,367$381,134$374,124$367,327$360,735$340,028
3 years$256,339$249,075$242,083$235,350$228,865$208,802
4 years$190,339$183,097$176,174$169,557$163,228$143,964
5 years$150,748$143,550$136,719$130,236$124,084$105,671
6 years$124,364$117,219$110,489$104,151$98,183$80,640
7 years$105,525$98,441$91,817$85,628$79,849$63,175
8 years$91,402$84,382$77,868$71,831$66,243$50,430
9 years$80,423$73,470$67,068$61,184$55,786$40,819
10 years$71,646$64,760$58,471$52,741$47,532$33,393
11 years$64,469$57,652$51,477$45,901$40,879$27,545
12 years$58,492$51,745$45,685$40,261$35,425$22,870
13 years$53,439$46,763$40,816$35,545$30,891$19,090
14 years$49,111$42,506$36,673$31,552$27,079$16,003
15 years$45,364$38,830$33,111$28,139$23,843$13,462
16 years$42,089$35,626$30,020$25,196$21,072$11,358
17 years$39,201$32,810$27,317$22,638$18,684$9,606
18 years$36,638$30,318$24,937$20,401$16,613$8,140
19 years$34,347$28,098$22,829$18,434$14,808$6,910
20 years$32,287$26,110$20,951$16,696$13,226$5,874
21 years$30,427$24,321$19,271$15,153$11,836$4,999
22 years$28,737$22,702$17,761$13,777$10,609$4,259
23 years$27,197$21,233$16,399$12,547$9,524$3,632
24 years$25,787$19,894$15,167$11,444$8,560$3,099
25 years$24,492$18,670$14,047$10,451$7,703$2,646
26 years$23,299$17,546$13,028$9,556$6,938$2,260
27 years$22,196$16,513$12,098$8,747$6,256$1,932
28 years$21,173$15,560$11,246$8,014$5,644$1,652
29 years$20,223$14,679$10,466$7,349$5,097$1,413
30 years$19,338$13,863$9,748$6,745$4,605$1,208
31 years$18,511$13,105$9,088$6,194$4,164$1,034
32 years$17,738$12,400$8,479$5,693$3,766$885
33 years$17,013$11,743$7,917$5,235$3,408$758
34 years$16,332$11,130$7,397$4,817$3,086$649
35 years$15,692$10,557$6,916$4,434$2,795$555
36 years$15,088$10,020$6,470$4,084$2,533$476
37 years$14,519$9,516$6,056$3,762$2,295$407
38 years$13,980$9,044$5,671$3,468$2,081$349
39 years$13,471$8,600$5,313$3,198$1,887$299
40 years$12,988$8,182$4,980$2,949$1,712$256
41 years$12,530$7,789$4,670$2,721$1,553$219
42 years$12,095$7,418$4,380$2,511$1,409$188
43 years$11,681$7,068$4,110$2,318$1,279$161
44 years$11,287$6,737$3,858$2,140$1,161$138
45 years$10,912$6,424$3,623$1,977$1,054$118
46 years$10,554$6,128$3,403$1,826$957$101
47 years$10,213$5,848$3,197$1,687$869$87
48 years$9,886$5,583$3,004$1,559$789$74
49 years$9,574$5,332$2,823$1,441$717$64
50 years$9,275$5,093$2,654$1,332$651$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $9,500,000, adding $3,989 every year, while hoping to spend $28,232 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: 45/49/6 Blend
71$9,500,000$9,500,000$9,500,000$9,500,000
72$10,473,115$9,969,615$9,822,365$10,926,888
73$11,511,334$10,428,087$10,121,375$11,698,398
74$12,654,505$10,908,079$10,429,456$12,531,189
75$13,913,304$11,410,614$10,746,882$13,433,489
76$15,299,493$11,936,766$11,073,935$14,411,701
77$16,826,035$12,487,661$11,410,906$15,472,850
78$18,507,213$13,064,479$11,758,094$16,624,642
79$20,358,767$13,668,457$12,115,808$17,875,539
80$22,398,039$14,300,889$12,484,366$19,234,827
81$24,644,141$14,963,135$12,864,094$20,712,702
82$27,118,134$15,656,618$13,255,331$22,320,360
83$29,843,222$16,382,832$13,658,423$24,070,098
84$32,844,979$17,143,339$14,073,729$25,975,423
85$36,151,585$17,939,780$14,501,617$28,051,177
86$39,794,091$18,773,874$14,942,466$30,313,664
87$43,806,717$19,647,423$15,396,667$32,780,805
88$48,227,170$20,562,314$15,864,623$35,472,294
89$53,097,003$21,520,529$16,346,749$38,409,781
90$58,462,004$22,524,142$16,843,473$41,617,066
91$64,372,633$23,575,329$17,355,233$45,120,317
92$70,884,491$24,676,370$17,882,484$48,948,308
93$78,058,854$25,829,657$18,425,692$53,132,682
94$85,963,243$27,037,696$18,985,337$57,708,242
95$94,672,064$28,303,113$19,561,917$62,713,268
96$104,267,313$29,628,664$20,155,939$68,189,868
97$114,839,346$31,017,236$20,767,930$74,184,368
98$126,487,734$32,471,856$21,398,431$80,747,734
99$139,322,204$33,995,698$22,048,000$87,936,045
100$153,463,671$35,592,088$22,717,209$95,811,009