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

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$809,275$802,066$795,033$788,169$781,466$761,338
2 years$400,631$393,170$385,938$378,927$372,127$351,983
3 years$264,434$256,941$249,728$242,782$236,092$216,562
4 years$196,349$188,879$181,738$174,911$168,383$149,616
5 years$155,509$148,083$141,036$134,348$128,002$110,051
6 years$128,291$120,921$113,978$107,440$101,284$84,166
7 years$108,857$101,549$94,716$88,332$82,371$66,088
8 years$94,288$87,047$80,327$74,099$68,335$52,878
9 years$82,963$75,790$69,186$63,116$57,548$42,905
10 years$73,908$66,805$60,318$54,407$49,033$35,187
11 years$66,505$59,472$53,103$47,350$42,170$29,099
12 years$60,339$53,379$47,127$41,533$36,544$24,224
13 years$55,126$48,239$42,105$36,667$31,867$20,274
14 years$50,662$43,848$37,832$32,549$27,934$17,043
15 years$46,797$40,056$34,157$29,028$24,596$14,377
16 years$43,418$36,751$30,968$25,991$21,738$12,165
17 years$40,439$33,846$28,180$23,353$19,274$10,318
18 years$37,795$31,275$25,725$21,046$17,138$8,770
19 years$35,431$28,986$23,550$19,017$15,275$7,467
20 years$33,307$26,935$21,613$17,223$13,644$6,366
21 years$31,388$25,089$19,879$15,631$12,210$5,435
22 years$29,645$23,419$18,322$14,212$10,944$4,645
23 years$28,056$21,904$16,917$12,943$9,824$3,973
24 years$26,602$20,522$15,645$11,805$8,830$3,401
25 years$25,266$19,259$14,491$10,781$7,946$2,913
26 years$24,035$18,101$13,440$9,858$7,157$2,497
27 years$22,897$17,035$12,480$9,023$6,453$2,141
28 years$21,842$16,052$11,602$8,267$5,823$1,836
29 years$20,862$15,143$10,796$7,581$5,258$1,576
30 years$19,949$14,301$10,056$6,958$4,751$1,352
31 years$19,096$13,519$9,375$6,390$4,295$1,161
32 years$18,298$12,792$8,747$5,872$3,885$997
33 years$17,550$12,114$8,167$5,400$3,516$856
34 years$16,848$11,481$7,631$4,969$3,183$736
35 years$16,187$10,890$7,135$4,574$2,883$632
36 years$15,565$10,336$6,674$4,213$2,612$543
37 years$14,977$9,817$6,247$3,881$2,368$467
38 years$14,422$9,330$5,850$3,577$2,147$401
39 years$13,896$8,872$5,481$3,299$1,947$345
40 years$13,398$8,441$5,137$3,042$1,766$296
41 years$12,926$8,035$4,817$2,807$1,602$255
42 years$12,477$7,652$4,519$2,591$1,454$219
43 years$12,050$7,291$4,240$2,391$1,319$188
44 years$11,644$6,950$3,980$2,208$1,197$162
45 years$11,257$6,627$3,737$2,039$1,087$139
46 years$10,888$6,322$3,510$1,884$987$120
47 years$10,535$6,033$3,298$1,740$896$103
48 years$10,198$5,759$3,099$1,608$814$88
49 years$9,876$5,500$2,913$1,486$739$76
50 years$9,568$5,254$2,738$1,374$671$65

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 $5,576 every year, while hoping to spend $22,262 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: 53/22/25 Blend
71$9,800,000$9,800,000$9,800,000$9,800,000
72$10,805,352$10,285,952$10,134,052$11,302,730
73$11,883,811$10,766,277$10,449,856$12,127,216
74$13,071,527$11,269,392$10,775,493$13,021,213
75$14,379,620$11,796,389$11,111,270$13,993,651
76$15,820,345$12,348,416$11,457,501$15,052,034
77$17,407,205$12,926,673$11,814,512$16,204,608
78$19,155,081$13,532,421$12,182,639$17,460,443
79$21,080,368$14,166,978$12,562,226$18,829,509
80$23,201,135$14,831,730$12,953,631$20,322,771
81$25,537,294$15,528,128$13,357,221$21,952,288
82$28,110,785$16,257,694$13,773,374$23,731,324
83$30,945,786$17,022,021$14,202,483$25,674,469
84$34,068,939$17,822,783$14,644,949$27,797,775
85$37,509,605$18,661,733$15,101,189$30,118,900
86$41,300,136$19,540,709$15,571,630$32,657,277
87$45,476,184$20,461,639$16,056,714$35,434,288
88$50,077,037$21,426,541$16,556,896$38,473,461
89$55,145,990$22,437,537$17,072,647$41,800,695
90$60,730,750$23,496,845$17,604,450$45,444,491
91$66,883,891$24,606,795$18,152,804$49,436,223
92$73,663,349$25,769,829$18,718,224$53,810,424
93$81,132,967$26,988,507$19,301,240$58,605,111
94$89,363,098$28,265,512$19,902,400$63,862,135
95$98,431,271$29,603,660$20,522,268$69,627,573
96$108,422,922$31,005,900$21,161,425$75,952,156
97$119,432,199$32,475,328$21,820,472$82,891,741
98$131,562,851$34,015,187$22,500,025$90,507,833
99$144,929,210$35,628,879$23,200,724$98,868,158
100$159,657,266$37,319,971$23,923,225$108,047,296