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

Use the below retirement simulation to view the chances of a successful retirement.
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%12%
1 years$784,501$777,513$770,696$764,041$757,543$751,196
2 years$388,367$381,134$374,124$367,327$360,735$354,338
3 years$256,339$249,075$242,083$235,350$228,865$222,616
4 years$190,339$183,097$176,174$169,557$163,228$157,176
5 years$150,748$143,550$136,719$130,236$124,084$118,246
6 years$124,364$117,219$110,489$104,151$98,183$92,567
7 years$105,525$98,441$91,817$85,628$79,849$74,457
8 years$91,402$84,382$77,868$71,831$66,243$61,074
9 years$80,423$73,470$67,068$61,184$55,786$50,840
10 years$71,646$64,760$58,471$52,741$47,532$42,806
11 years$64,469$57,652$51,477$45,901$40,879$36,369
12 years$58,492$51,745$45,685$40,261$35,425$31,127
13 years$53,439$46,763$40,816$35,545$30,891$26,801
14 years$49,111$42,506$36,673$31,552$27,079$23,190
15 years$45,364$38,830$33,111$28,139$23,843$20,150
16 years$42,089$35,626$30,020$25,196$21,072$17,570
17 years$39,201$32,810$27,317$22,638$18,684$15,367
18 years$36,638$30,318$24,937$20,401$16,613$13,474
19 years$34,347$28,098$22,829$18,434$14,808$11,841
20 years$32,287$26,110$20,951$16,696$13,226$10,426
21 years$30,427$24,321$19,271$15,153$11,836$9,195
22 years$28,737$22,702$17,761$13,777$10,609$8,121
23 years$27,197$21,233$16,399$12,547$9,524$7,181
24 years$25,787$19,894$15,167$11,444$8,560$6,358
25 years$24,492$18,670$14,047$10,451$7,703$5,634
26 years$23,299$17,546$13,028$9,556$6,938$4,997
27 years$22,196$16,513$12,098$8,747$6,256$4,435
28 years$21,173$15,560$11,246$8,014$5,644$3,939
29 years$20,223$14,679$10,466$7,349$5,097$3,501
30 years$19,338$13,863$9,748$6,745$4,605$3,113
31 years$18,511$13,105$9,088$6,194$4,164$2,769
32 years$17,738$12,400$8,479$5,693$3,766$2,464
33 years$17,013$11,743$7,917$5,235$3,408$2,194
34 years$16,332$11,130$7,397$4,817$3,086$1,954
35 years$15,692$10,557$6,916$4,434$2,795$1,740
36 years$15,088$10,020$6,470$4,084$2,533$1,551
37 years$14,519$9,516$6,056$3,762$2,295$1,382
38 years$13,980$9,044$5,671$3,468$2,081$1,232
39 years$13,471$8,600$5,313$3,198$1,887$1,098
40 years$12,988$8,182$4,980$2,949$1,712$979
41 years$12,530$7,789$4,670$2,721$1,553$873
42 years$12,095$7,418$4,380$2,511$1,409$779
43 years$11,681$7,068$4,110$2,318$1,279$695
44 years$11,287$6,737$3,858$2,140$1,161$620
45 years$10,912$6,424$3,623$1,977$1,054$553
46 years$10,554$6,128$3,403$1,826$957$493
47 years$10,213$5,848$3,197$1,687$869$440
48 years$9,886$5,583$3,004$1,559$789$393
49 years$9,574$5,332$2,823$1,441$717$351
50 years$9,275$5,093$2,654$1,332$651$313

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 $3,021 every year, while hoping to spend $46,851 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: 68/17/15 Blend
71$9,500,000$9,500,000$9,500,000$9,500,000
72$10,472,116$9,968,616$9,821,366$11,147,388
73$11,490,423$10,407,229$10,100,533$12,036,343
74$12,611,027$10,865,764$10,387,481$13,002,463
75$13,844,312$11,345,148$10,682,423$14,057,984
76$15,201,722$11,846,350$10,985,574$15,211,686
77$16,695,865$12,370,388$11,297,158$16,473,234
78$18,340,632$12,918,326$11,617,402$17,853,264
79$20,151,332$13,491,280$11,946,540$19,363,481
80$22,144,833$14,090,417$12,284,814$21,016,772
81$24,339,719$14,716,960$12,632,468$22,827,320
82$26,756,471$15,372,192$12,989,757$24,810,740
83$29,417,656$16,057,454$13,356,938$26,984,222
84$32,348,140$16,774,153$13,734,279$29,366,694
85$35,575,326$17,523,762$14,122,053$31,978,992
86$39,129,406$18,307,823$14,520,539$34,844,063
87$43,043,652$19,127,953$14,930,023$37,987,171
88$47,354,727$19,985,846$15,350,802$41,436,138
89$52,103,032$20,883,275$15,783,176$45,221,602
90$57,333,084$21,822,098$16,227,456$49,377,302
91$63,093,942$22,804,264$16,683,959$53,940,397
92$69,439,663$23,831,812$17,153,010$58,951,811
93$76,429,816$24,906,878$17,634,944$64,456,615
94$84,130,046$26,031,704$18,130,103$70,504,452
95$92,612,687$27,208,634$18,638,838$77,150,002
96$101,957,451$28,440,127$19,161,508$84,453,491
97$112,252,176$29,728,758$19,698,484$92,481,257
98$123,593,658$31,077,227$20,250,143$101,306,377
99$136,088,561$32,488,362$20,816,874$111,009,345
100$149,854,428$33,965,125$21,399,072$121,678,832