Can I retire at age 72 with 9,600,000?

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 $9,600,000?

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$792,759$785,698$778,808$772,084$765,517$743,396
2 years$392,455$385,146$378,062$371,194$364,532$342,421
3 years$259,038$251,697$244,631$237,828$231,274$209,866
4 years$192,342$185,024$178,029$171,341$164,947$144,406
5 years$152,335$145,061$138,158$131,607$125,390$105,772
6 years$125,673$118,453$111,652$105,247$99,217$80,540
7 years$106,636$99,477$92,783$86,529$80,690$62,955
8 years$92,364$85,270$78,688$72,587$66,940$50,136
9 years$81,270$74,243$67,774$61,828$56,373$40,483
10 years$72,400$65,441$59,087$53,297$48,033$33,035
11 years$65,147$58,259$52,019$46,384$41,310$27,179
12 years$59,108$52,290$46,165$40,685$35,798$22,508
13 years$54,001$47,255$41,246$35,919$31,217$18,736
14 years$49,628$42,953$37,060$31,885$27,364$15,663
15 years$45,842$39,239$33,460$28,435$24,094$13,140
16 years$42,532$36,001$30,336$25,461$21,294$11,054
17 years$39,614$33,155$27,605$22,876$18,881$9,321
18 years$37,024$30,637$25,200$20,616$16,788$7,876
19 years$34,708$28,394$23,069$18,629$14,963$6,665
20 years$32,627$26,385$21,172$16,872$13,366$5,649
21 years$30,747$24,577$19,474$15,312$11,961$4,793
22 years$29,040$22,941$17,948$13,922$10,721$4,071
23 years$27,483$21,457$16,572$12,679$9,624$3,460
24 years$26,059$20,104$15,326$11,564$8,650$2,943
25 years$24,750$18,866$14,195$10,561$7,784$2,505
26 years$23,544$17,731$13,165$9,657$7,011$2,133
27 years$22,430$16,687$12,225$8,839$6,321$1,817
28 years$21,396$15,724$11,365$8,098$5,704$1,548
29 years$20,436$14,834$10,576$7,426$5,150$1,320
30 years$19,541$14,009$9,851$6,816$4,654$1,125
31 years$18,706$13,243$9,184$6,260$4,207$960
32 years$17,925$12,531$8,569$5,753$3,806$819
33 years$17,192$11,867$8,001$5,290$3,444$699
34 years$16,504$11,247$7,475$4,867$3,118$596
35 years$15,857$10,668$6,989$4,481$2,825$509
36 years$15,247$10,125$6,538$4,127$2,559$434
37 years$14,671$9,617$6,119$3,802$2,319$371
38 years$14,127$9,139$5,731$3,504$2,103$316
39 years$13,613$8,690$5,369$3,231$1,907$270
40 years$13,125$8,268$5,032$2,980$1,730$231
41 years$12,662$7,871$4,719$2,750$1,569$197
42 years$12,222$7,496$4,426$2,538$1,424$168
43 years$11,804$7,142$4,153$2,343$1,292$143
44 years$11,406$6,808$3,899$2,163$1,173$122
45 years$11,027$6,492$3,661$1,998$1,065$105
46 years$10,665$6,193$3,438$1,845$967$89
47 years$10,320$5,910$3,230$1,705$878$76
48 years$9,990$5,642$3,036$1,575$797$65
49 years$9,675$5,388$2,853$1,456$724$56
50 years$9,373$5,146$2,682$1,346$658$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $9,600,000, adding $3,717 every year, while hoping to spend $33,919 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: 59/27/14 Blend
71$9,600,000$9,600,000$9,600,000$9,600,000
72$10,583,034$10,074,234$9,925,434$11,170,014
73$11,626,414$10,531,782$10,221,847$12,023,996
74$12,775,082$11,010,613$10,527,052$12,950,705
75$14,039,741$11,511,734$10,841,309$13,960,455
76$15,432,186$12,036,200$11,164,885$15,061,252
77$16,965,413$12,585,118$11,498,052$16,261,899
78$18,653,742$13,159,646$11,841,094$17,572,076
79$20,512,953$13,760,997$12,194,299$19,002,427
80$22,560,434$14,390,446$12,557,968$20,564,664
81$24,815,346$15,049,326$12,932,408$22,271,664
82$27,298,802$15,739,033$13,317,934$24,137,599
83$30,034,067$16,461,033$13,714,872$26,178,057
84$33,046,779$17,216,861$14,123,558$28,410,189
85$36,365,189$18,008,126$14,544,336$30,852,870
86$40,020,428$18,836,513$14,977,560$33,526,869
87$44,046,799$19,703,790$15,423,596$36,455,044
88$48,482,105$20,611,809$15,882,819$39,662,551
89$53,368,003$21,562,510$16,355,617$43,177,081
90$58,750,394$22,557,928$16,842,385$47,029,114
91$64,679,864$23,600,196$17,343,534$51,252,199
92$71,212,152$24,691,548$17,859,485$55,883,274
93$78,408,685$25,834,328$18,390,671$60,963,003
94$86,337,151$27,030,989$18,937,538$66,536,154
95$95,072,139$28,284,106$19,500,545$72,652,021
96$104,695,847$29,596,377$20,080,163$79,364,878
97$115,298,853$30,970,630$20,676,878$86,734,490
98$126,980,973$32,409,827$21,291,190$94,826,667
99$139,852,200$33,917,077$21,923,613$103,713,878
100$154,033,747$35,495,636$22,574,676$113,475,932