Can I retire at age 72 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$801,017$793,882$786,921$780,126$773,492$756,946
2 years$396,543$389,158$382,000$375,061$368,329$351,741
3 years$261,736$254,319$247,180$240,305$233,683$217,569
4 years$194,346$186,951$179,883$173,126$166,665$151,150
5 years$153,922$146,572$139,597$132,978$126,696$111,823
6 years$126,982$119,687$112,815$106,343$100,250$86,036
7 years$107,746$100,513$93,750$87,431$81,530$67,977
8 years$93,326$86,158$79,507$73,343$67,637$54,740
9 years$82,117$75,016$68,480$62,472$56,960$44,711
10 years$73,154$66,123$59,702$53,852$48,533$36,919
11 years$65,826$58,866$52,561$46,867$41,740$30,746
12 years$59,723$52,835$46,646$41,109$36,171$25,780
13 years$54,564$47,747$41,675$36,293$31,542$21,736
14 years$50,145$43,401$37,446$32,217$27,649$18,409
15 years$46,319$39,647$33,808$28,732$24,345$15,650
16 years$42,975$36,376$30,652$25,726$21,516$13,345
17 years$40,027$33,501$27,892$23,115$19,078$11,410
18 years$37,409$30,956$25,462$20,831$16,963$9,776
19 years$35,070$28,690$23,309$18,823$15,119$8,392
20 years$32,967$26,660$21,392$17,047$13,505$7,216
21 years$31,067$24,833$19,677$15,472$12,085$6,212
22 years$29,342$23,180$18,135$14,067$10,833$5,354
23 years$27,770$21,680$16,744$12,811$9,724$4,620
24 years$26,330$20,313$15,486$11,685$8,740$3,989
25 years$25,008$19,063$14,343$10,671$7,865$3,447
26 years$23,790$17,916$13,302$9,757$7,084$2,980
27 years$22,663$16,861$12,352$8,931$6,387$2,578
28 years$21,619$15,888$11,483$8,183$5,763$2,231
29 years$20,649$14,988$10,686$7,504$5,204$1,932
30 years$19,745$14,155$9,954$6,887$4,702$1,673
31 years$18,901$13,381$9,280$6,325$4,251$1,450
32 years$18,111$12,661$8,658$5,813$3,846$1,256
33 years$17,371$11,990$8,084$5,345$3,480$1,089
34 years$16,676$11,364$7,553$4,918$3,151$944
35 years$16,022$10,779$7,062$4,527$2,854$819
36 years$15,406$10,231$6,606$4,170$2,586$710
37 years$14,824$9,717$6,183$3,842$2,344$616
38 years$14,275$9,234$5,790$3,541$2,125$534
39 years$13,754$8,781$5,425$3,265$1,927$463
40 years$13,261$8,354$5,085$3,011$1,748$402
41 years$12,794$7,953$4,768$2,778$1,586$349
42 years$12,350$7,574$4,472$2,564$1,439$303
43 years$11,927$7,216$4,197$2,367$1,306$263
44 years$11,525$6,879$3,939$2,186$1,185$228
45 years$11,142$6,559$3,699$2,018$1,076$198
46 years$10,776$6,257$3,474$1,864$977$172
47 years$10,428$5,971$3,264$1,723$887$149
48 years$10,094$5,701$3,067$1,592$806$129
49 years$9,776$5,444$2,883$1,471$732$112
50 years$9,471$5,200$2,710$1,360$665$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $9,700,000, adding $2,874 every year, while hoping to spend $20,211 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: 49/36/15 Blend
71$9,700,000$9,700,000$9,700,000$9,700,000
72$10,692,365$10,178,265$10,027,915$11,171,745
73$11,761,481$10,655,495$10,342,345$11,979,790
74$12,938,971$11,155,433$10,666,632$12,854,729
75$14,235,865$11,679,168$11,001,084$13,804,709
76$15,664,322$12,227,846$11,346,019$14,836,776
77$17,237,739$12,802,666$11,701,766$15,958,668
78$18,970,876$13,404,885$12,068,664$17,178,884
79$20,880,003$14,035,822$12,447,061$18,506,760
80$22,983,045$14,696,859$12,837,320$19,952,553
81$25,299,756$15,389,445$13,239,810$21,527,536
82$27,851,903$16,115,100$13,654,915$23,244,095
83$30,663,473$16,875,416$14,083,031$25,115,846
84$33,760,900$17,672,064$14,524,565$27,157,757
85$37,173,312$18,506,795$14,979,938$29,386,282
86$40,932,806$19,381,445$15,449,583$31,819,515
87$45,074,756$20,297,939$15,933,947$34,477,352
88$49,638,139$21,258,296$16,433,492$37,381,674
89$54,665,908$22,264,631$16,948,693$40,556,549
90$60,205,397$23,319,164$17,480,040$44,028,449
91$66,308,766$24,424,222$18,028,040$47,826,498
92$73,033,495$25,582,244$18,593,215$51,982,734
93$80,442,925$26,795,787$19,176,101$56,532,411
94$88,606,857$28,067,535$19,777,255$61,514,320
95$97,602,212$29,400,299$20,397,248$66,971,145
96$107,513,752$30,797,029$21,036,670$72,949,863
97$118,434,887$32,260,815$21,696,131$79,502,176
98$130,468,552$33,794,902$22,376,258$86,684,987
99$143,728,180$35,402,688$23,077,698$94,560,932
100$158,338,772$37,087,738$23,801,119$103,198,961