Can I retire at age 72 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$817,533$810,251$803,146$796,211$789,440$766,011
2 years$404,719$397,182$389,877$382,794$375,924$352,513
3 years$267,133$259,563$252,276$245,260$238,501$215,843
4 years$198,353$190,806$183,592$176,696$170,101$148,369
5 years$157,096$149,594$142,475$135,719$129,308$108,560
6 years$129,600$122,155$115,141$108,536$102,317$82,573
7 years$109,968$102,586$95,683$89,233$83,211$64,470
8 years$95,251$87,935$81,147$74,856$69,032$51,282
9 years$83,810$76,563$69,892$63,760$58,135$41,358
10 years$74,662$67,487$60,933$54,962$49,534$33,707
11 years$67,183$60,079$53,644$47,833$42,601$27,697
12 years$60,955$53,924$47,608$41,956$36,917$22,906
13 years$55,689$48,731$42,535$37,041$32,192$19,042
14 years$51,179$44,296$38,218$32,881$28,219$15,897
15 years$47,274$40,465$34,505$29,324$24,847$13,317
16 years$43,861$37,126$31,284$26,257$21,960$11,187
17 years$40,852$34,191$28,467$23,591$19,471$9,420
18 years$38,180$31,594$25,987$21,261$17,313$7,947
19 years$35,793$29,281$23,790$19,211$15,431$6,716
20 years$33,647$27,210$21,833$17,399$13,783$5,683
21 years$31,708$25,345$20,082$15,791$12,335$4,814
22 years$29,947$23,658$18,509$14,357$11,056$4,082
23 years$28,342$22,127$17,090$13,076$9,925$3,464
24 years$26,873$20,732$15,805$11,926$8,920$2,942
25 years$25,524$19,456$14,639$10,891$8,027$2,500
26 years$24,280$18,285$13,577$9,958$7,231$2,125
27 years$23,131$17,209$12,607$9,115$6,519$1,808
28 years$22,065$16,216$11,720$8,351$5,882$1,538
29 years$21,075$15,297$10,906$7,658$5,311$1,309
30 years$20,152$14,447$10,159$7,029$4,799$1,114
31 years$19,291$13,657$9,471$6,455$4,339$949
32 years$18,485$12,922$8,836$5,932$3,925$808
33 years$17,729$12,238$8,251$5,455$3,552$688
34 years$17,020$11,599$7,709$5,019$3,216$586
35 years$16,352$11,001$7,207$4,621$2,913$499
36 years$15,723$10,442$6,742$4,255$2,639$426
37 years$15,130$9,917$6,311$3,921$2,392$363
38 years$14,569$9,425$5,910$3,614$2,169$309
39 years$14,038$8,962$5,537$3,332$1,966$263
40 years$13,535$8,527$5,190$3,074$1,784$224
41 years$13,058$8,117$4,866$2,836$1,618$191
42 years$12,604$7,730$4,565$2,617$1,468$163
43 years$12,173$7,365$4,283$2,416$1,333$139
44 years$11,763$7,020$4,021$2,231$1,210$118
45 years$11,372$6,695$3,775$2,060$1,098$101
46 years$10,999$6,386$3,546$1,903$997$86
47 years$10,643$6,095$3,331$1,758$905$73
48 years$10,302$5,818$3,130$1,624$822$63
49 years$9,977$5,556$2,942$1,501$747$53
50 years$9,666$5,307$2,766$1,388$678$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $9,900,000, adding $3,726 every year, while hoping to spend $24,215 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: 62/13/25 Blend
71$9,900,000$9,900,000$9,900,000$9,900,000
72$10,913,643$10,388,943$10,235,493$11,517,674
73$12,001,070$10,872,237$10,552,618$12,410,800
74$13,198,603$11,378,400$10,879,554$13,382,564
75$14,517,448$11,908,529$11,216,606$14,443,095
76$15,969,951$12,463,770$11,564,086$15,601,069
77$17,569,718$13,045,327$11,922,315$16,866,028
78$19,331,743$13,654,462$12,291,626$18,248,474
79$21,272,547$14,292,496$12,672,362$19,759,964
80$23,410,335$14,960,817$13,064,874$21,413,217
81$25,765,169$15,660,877$13,469,527$23,222,232
82$28,359,156$16,394,200$13,886,696$25,202,418
83$31,216,657$17,162,383$14,316,768$27,370,738
84$34,364,516$17,967,100$14,760,140$29,745,863
85$37,832,316$18,810,107$15,217,223$32,348,351
86$41,652,653$19,693,243$15,688,441$35,200,834
87$45,861,450$20,618,439$16,174,231$38,328,232
88$50,498,292$21,587,716$16,675,041$41,757,983
89$55,606,799$22,603,195$17,191,337$45,520,299
90$61,235,041$23,667,100$17,723,595$49,648,450
91$67,435,989$24,781,762$18,272,309$54,179,073
92$74,268,015$25,949,623$18,837,986$59,152,515
93$81,795,444$27,173,247$19,421,151$64,613,211
94$90,089,163$28,455,319$20,022,342$70,610,098
95$99,227,284$29,798,656$20,642,117$77,197,074
96$109,295,887$31,206,210$21,281,049$84,433,504
97$120,389,832$32,681,079$21,939,728$92,384,774
98$132,613,651$34,226,508$22,618,765$101,122,906
99$146,082,537$35,845,901$23,318,787$110,727,230
100$160,923,432$37,542,826$24,040,443$121,285,132