Can I retire at age 72 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$809,275$802,066$795,033$788,169$781,466$768,204
2 years$400,631$393,170$385,938$378,927$372,127$358,806
3 years$264,434$256,941$249,728$242,782$236,092$223,128
4 years$196,349$188,879$181,738$174,911$168,383$155,875
5 years$155,509$148,083$141,036$134,348$128,002$115,986
6 years$128,291$120,921$113,978$107,440$101,284$89,774
7 years$108,857$101,549$94,716$88,332$82,371$71,370
8 years$94,288$87,047$80,327$74,099$68,335$57,841
9 years$82,963$75,790$69,186$63,116$57,548$47,555
10 years$73,908$66,805$60,318$54,407$49,033$39,534
11 years$66,505$59,472$53,103$47,350$42,170$33,153
12 years$60,339$53,379$47,127$41,533$36,544$27,997
13 years$55,126$48,239$42,105$36,667$31,867$23,778
14 years$50,662$43,848$37,832$32,549$27,934$20,289
15 years$46,797$40,056$34,157$29,028$24,596$17,380
16 years$43,418$36,751$30,968$25,991$21,738$14,936
17 years$40,439$33,846$28,180$23,353$19,274$12,871
18 years$37,795$31,275$25,725$21,046$17,138$11,117
19 years$35,431$28,986$23,550$19,017$15,275$9,621
20 years$33,307$26,935$21,613$17,223$13,644$8,341
21 years$31,388$25,089$19,879$15,631$12,210$7,241
22 years$29,645$23,419$18,322$14,212$10,944$6,294
23 years$28,056$21,904$16,917$12,943$9,824$5,477
24 years$26,602$20,522$15,645$11,805$8,830$4,770
25 years$25,266$19,259$14,491$10,781$7,946$4,158
26 years$24,035$18,101$13,440$9,858$7,157$3,627
27 years$22,897$17,035$12,480$9,023$6,453$3,166
28 years$21,842$16,052$11,602$8,267$5,823$2,765
29 years$20,862$15,143$10,796$7,581$5,258$2,415
30 years$19,949$14,301$10,056$6,958$4,751$2,111
31 years$19,096$13,519$9,375$6,390$4,295$1,846
32 years$18,298$12,792$8,747$5,872$3,885$1,614
33 years$17,550$12,114$8,167$5,400$3,516$1,412
34 years$16,848$11,481$7,631$4,969$3,183$1,236
35 years$16,187$10,890$7,135$4,574$2,883$1,081
36 years$15,565$10,336$6,674$4,213$2,612$947
37 years$14,977$9,817$6,247$3,881$2,368$829
38 years$14,422$9,330$5,850$3,577$2,147$726
39 years$13,896$8,872$5,481$3,299$1,947$635
40 years$13,398$8,441$5,137$3,042$1,766$557
41 years$12,926$8,035$4,817$2,807$1,602$487
42 years$12,477$7,652$4,519$2,591$1,454$427
43 years$12,050$7,291$4,240$2,391$1,319$374
44 years$11,644$6,950$3,980$2,208$1,197$328
45 years$11,257$6,627$3,737$2,039$1,087$287
46 years$10,888$6,322$3,510$1,884$987$252
47 years$10,535$6,033$3,298$1,740$896$220
48 years$10,198$5,759$3,099$1,608$814$193
49 years$9,876$5,500$2,913$1,486$739$169
50 years$9,568$5,254$2,738$1,374$671$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $9,800,000, adding $3,272 every year, while hoping to spend $59,054 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: 37/33/30 Blend
71$9,800,000$9,800,000$9,800,000$9,800,000
72$10,802,975$10,283,575$10,131,675$11,105,780
73$11,842,046$10,724,637$10,408,253$11,772,121
74$12,985,122$11,185,332$10,692,117$12,485,816
75$14,242,751$11,666,560$10,983,450$13,255,647
76$15,626,551$12,169,261$11,282,435$14,086,733
77$17,149,328$12,694,423$11,589,265$14,984,697
78$18,825,186$13,243,077$11,904,133$15,955,707
79$20,669,672$13,816,304$12,227,237$17,006,538
80$22,699,910$14,415,235$12,558,782$18,144,627
81$24,934,774$15,041,055$12,898,974$19,378,144
82$27,395,057$15,695,003$13,248,026$20,716,063
83$30,103,673$16,378,378$13,606,155$22,168,243
84$33,085,869$17,092,539$13,973,582$23,745,518
85$36,369,464$17,838,911$14,350,534$25,459,795
86$39,985,115$18,618,983$14,737,242$27,324,161
87$43,966,600$19,434,316$15,133,943$29,353,002
88$48,351,141$20,286,546$15,540,878$31,562,136
89$53,179,754$21,177,383$15,958,294$33,968,957
90$58,497,634$22,108,620$16,386,442$36,592,591
91$64,354,585$23,082,134$16,825,580$39,454,075
92$70,805,486$24,099,892$17,275,970$42,576,547
93$77,910,810$25,163,952$17,737,880$45,985,461
94$85,737,198$26,276,470$18,211,584$49,708,820
95$94,358,081$27,439,706$18,697,360$53,777,434
96$103,854,378$28,656,024$19,195,495$58,225,204
97$114,315,258$29,927,903$19,706,278$63,089,436
98$125,838,981$31,257,937$20,230,005$68,411,186
99$138,533,827$32,648,846$20,766,980$74,235,637
100$152,519,114$34,103,476$21,317,510$80,612,523