Can I retire at age 72 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$677,148$671,117$665,232$659,488$653,880$640,677
2 years$335,222$328,979$322,928$317,062$311,371$298,128
3 years$221,261$214,991$208,956$203,144$197,547$184,676
4 years$164,292$158,041$152,066$146,354$140,892$128,492
5 years$130,120$123,906$118,010$112,414$107,104$95,211
6 years$107,345$101,179$95,369$89,898$84,748$73,374
7 years$91,085$84,970$79,252$73,910$68,922$58,071
8 years$78,894$72,835$67,212$62,002$57,178$46,845
9 years$69,418$63,416$57,890$52,812$48,152$38,331
10 years$61,842$55,898$50,470$45,524$41,028$31,709
11 years$55,647$49,763$44,433$39,620$35,285$26,458
12 years$50,488$44,664$39,433$34,752$30,578$22,228
13 years$46,126$40,363$35,231$30,681$26,664$18,778
14 years$42,391$36,689$31,655$27,235$23,374$15,937
15 years$39,156$33,516$28,580$24,289$20,580$13,576
16 years$36,329$30,751$25,912$21,748$18,189$11,602
17 years$33,837$28,320$23,579$19,540$16,127$9,940
18 years$31,624$26,169$21,525$17,610$14,340$8,536
19 years$29,647$24,253$19,705$15,912$12,781$7,344
20 years$27,869$22,537$18,084$14,411$11,416$6,329
21 years$26,263$20,993$16,634$13,079$10,216$5,461
22 years$24,805$19,596$15,331$11,892$9,158$4,718
23 years$23,475$18,328$14,155$10,830$8,220$4,080
24 years$22,259$17,172$13,091$9,878$7,389$3,531
25 years$21,141$16,115$12,125$9,021$6,649$3,059
26 years$20,111$15,145$11,245$8,248$5,989$2,651
27 years$19,159$14,254$10,442$7,550$5,400$2,299
28 years$18,276$13,431$9,707$6,917$4,872$1,995
29 years$17,456$12,671$9,034$6,343$4,399$1,731
30 years$16,692$11,966$8,414$5,822$3,975$1,503
31 years$15,978$11,312$7,845$5,347$3,594$1,306
32 years$15,311$10,703$7,319$4,914$3,251$1,134
33 years$14,685$10,136$6,834$4,519$2,942$986
34 years$14,097$9,607$6,385$4,157$2,664$857
35 years$13,544$9,112$5,970$3,827$2,413$745
36 years$13,023$8,649$5,585$3,525$2,186$648
37 years$12,532$8,214$5,227$3,248$1,981$563
38 years$12,067$7,806$4,895$2,993$1,796$490
39 years$11,627$7,423$4,586$2,760$1,629$426
40 years$11,211$7,062$4,298$2,546$1,477$370
41 years$10,815$6,723$4,031$2,349$1,340$322
42 years$10,440$6,403$3,781$2,168$1,216$280
43 years$10,083$6,100$3,548$2,001$1,104$244
44 years$9,743$5,815$3,330$1,848$1,002$212
45 years$9,419$5,545$3,127$1,706$910$185
46 years$9,110$5,290$2,937$1,576$826$161
47 years$8,815$5,048$2,759$1,456$750$140
48 years$8,533$4,819$2,593$1,346$681$122
49 years$8,264$4,602$2,437$1,244$619$106
50 years$8,006$4,396$2,291$1,149$562$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $8,200,000, adding $3,357 every year, while hoping to spend $31,285 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: 41/32/27 Blend
71$8,200,000$8,200,000$8,200,000$8,200,000
72$9,039,863$8,605,263$8,478,163$9,338,564
73$9,928,642$8,993,634$8,728,894$9,942,911
74$10,907,028$9,399,986$8,986,977$10,593,456
75$11,984,127$9,825,168$9,252,623$11,297,036
76$13,169,976$10,270,069$9,526,053$12,058,544
77$14,475,630$10,735,619$9,807,493$12,883,351
78$15,913,273$11,222,793$10,097,173$13,777,355
79$17,496,332$11,732,615$10,395,333$14,747,031
80$19,239,600$12,266,156$10,702,219$15,799,492
81$21,159,379$12,824,536$11,018,083$16,942,551
82$23,273,631$13,408,934$11,343,184$18,184,790
83$25,602,150$14,020,581$11,677,790$19,535,642
84$28,166,749$14,660,769$12,022,175$21,005,471
85$30,991,462$15,330,851$12,376,623$22,605,671
86$34,102,775$16,032,247$12,741,423$24,348,766
87$37,529,872$16,766,441$13,116,875$26,248,523
88$41,304,914$17,534,992$13,503,286$28,320,084
89$45,463,341$18,339,532$13,900,971$30,580,096
90$50,044,205$19,181,773$14,310,258$33,046,869
91$55,090,541$20,063,507$14,731,478$35,740,543
92$60,649,771$20,986,613$15,164,977$38,683,270
93$66,774,152$21,953,062$15,611,109$41,899,422
94$73,521,271$22,964,917$16,070,236$45,415,811
95$80,954,584$24,024,341$16,542,732$49,261,940
96$89,144,021$25,133,603$17,028,983$53,470,272
97$98,166,640$26,295,079$17,529,383$58,076,533
98$108,107,360$27,511,260$18,044,339$63,120,039
99$119,059,756$28,784,757$18,574,270$68,644,064
100$131,126,948$30,118,307$19,119,605$74,696,238