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

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$801,017$793,882$786,921$780,126$773,492$745,159
2 years$396,543$389,158$382,000$375,061$368,329$340,100
3 years$261,736$254,319$247,180$240,305$233,683$206,445
4 years$194,346$186,951$179,883$173,126$166,665$140,625
5 years$153,922$146,572$139,597$132,978$126,696$101,923
6 years$126,982$119,687$112,815$106,343$100,250$76,762
7 years$107,746$100,513$93,750$87,431$81,530$59,321
8 years$93,326$86,158$79,507$73,343$67,637$46,687
9 years$82,117$75,016$68,480$62,472$56,960$37,241
10 years$73,154$66,123$59,702$53,852$48,533$30,009
11 years$65,826$58,866$52,561$46,867$41,740$24,373
12 years$59,723$52,835$46,646$41,109$36,171$19,917
13 years$54,564$47,747$41,675$36,293$31,542$16,356
14 years$50,145$43,401$37,446$32,217$27,649$13,484
15 years$46,319$39,647$33,808$28,732$24,345$11,152
16 years$42,975$36,376$30,652$25,726$21,516$9,248
17 years$40,027$33,501$27,892$23,115$19,078$7,685
18 years$37,409$30,956$25,462$20,831$16,963$6,397
19 years$35,070$28,690$23,309$18,823$15,119$5,333
20 years$32,967$26,660$21,392$17,047$13,505$4,451
21 years$31,067$24,833$19,677$15,472$12,085$3,718
22 years$29,342$23,180$18,135$14,067$10,833$3,109
23 years$27,770$21,680$16,744$12,811$9,724$2,601
24 years$26,330$20,313$15,486$11,685$8,740$2,178
25 years$25,008$19,063$14,343$10,671$7,865$1,824
26 years$23,790$17,916$13,302$9,757$7,084$1,528
27 years$22,663$16,861$12,352$8,931$6,387$1,281
28 years$21,619$15,888$11,483$8,183$5,763$1,074
29 years$20,649$14,988$10,686$7,504$5,204$901
30 years$19,745$14,155$9,954$6,887$4,702$755
31 years$18,901$13,381$9,280$6,325$4,251$634
32 years$18,111$12,661$8,658$5,813$3,846$532
33 years$17,371$11,990$8,084$5,345$3,480$446
34 years$16,676$11,364$7,553$4,918$3,151$374
35 years$16,022$10,779$7,062$4,527$2,854$314
36 years$15,406$10,231$6,606$4,170$2,586$264
37 years$14,824$9,717$6,183$3,842$2,344$221
38 years$14,275$9,234$5,790$3,541$2,125$186
39 years$13,754$8,781$5,425$3,265$1,927$156
40 years$13,261$8,354$5,085$3,011$1,748$131
41 years$12,794$7,953$4,768$2,778$1,586$110
42 years$12,350$7,574$4,472$2,564$1,439$92
43 years$11,927$7,216$4,197$2,367$1,306$78
44 years$11,525$6,879$3,939$2,186$1,185$65
45 years$11,142$6,559$3,699$2,018$1,076$55
46 years$10,776$6,257$3,474$1,864$977$46
47 years$10,428$5,971$3,264$1,723$887$39
48 years$10,094$5,701$3,067$1,592$806$32
49 years$9,776$5,444$2,883$1,471$732$27
50 years$9,471$5,200$2,710$1,360$665$23

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 $5,555 every year, while hoping to spend $51,149 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: 65/7/28 Blend
71$9,700,000$9,700,000$9,700,000$9,700,000
72$10,695,130$10,181,030$10,030,680$11,310,740
73$11,731,611$10,625,478$10,312,286$12,172,056
74$12,872,099$11,089,990$10,601,611$13,106,958
75$14,127,148$11,575,495$10,898,860$14,127,758
76$15,508,389$12,082,966$11,204,243$15,242,920
77$17,028,634$12,613,421$11,517,975$16,461,760
78$18,702,004$13,167,927$11,840,276$17,794,533
79$20,544,056$13,747,603$12,171,373$19,252,531
80$22,571,932$14,353,618$12,511,496$20,848,187
81$24,804,521$14,987,198$12,860,884$22,595,189
82$27,262,638$15,649,626$13,219,778$24,508,610
83$29,969,216$16,342,246$13,588,430$26,605,051
84$32,949,527$17,066,468$13,967,094$28,902,790
85$36,231,419$17,823,765$14,356,032$31,421,959
86$39,845,577$18,615,682$14,755,512$34,184,729
87$43,825,813$19,443,838$15,165,809$37,215,519
88$48,209,386$20,309,927$15,587,204$40,541,222
89$53,037,355$21,215,725$16,019,987$44,191,463
90$58,354,961$22,163,091$16,464,452$48,198,871
91$64,212,058$23,153,973$16,920,902$52,599,388
92$70,663,582$24,190,413$17,389,647$57,432,603
93$77,770,073$25,274,548$17,871,005$62,742,130
94$85,598,237$26,408,617$18,365,301$68,576,010
95$94,221,586$27,594,969$18,872,867$74,987,169
96$103,721,125$28,836,060$19,394,046$82,033,909
97$114,186,119$30,134,465$19,929,185$89,780,461
98$125,714,933$31,492,884$20,478,643$98,297,587
99$138,415,965$32,914,144$21,042,785$107,663,245
100$152,408,661$34,401,205$21,621,987$117,963,322