Can I retire at age 72 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$701,922$695,670$689,570$683,616$677,802$652,456
2 years$347,486$341,015$334,743$328,661$322,763$297,518
3 years$229,356$222,857$216,601$210,577$204,774$180,423
4 years$170,303$163,823$157,630$151,709$146,047$122,776
5 years$134,880$128,439$122,327$116,527$111,022$88,893
6 years$111,273$104,880$98,859$93,187$87,848$66,875
7 years$94,417$88,078$82,152$76,614$71,444$51,621
8 years$81,781$75,500$69,671$64,270$59,270$40,579
9 years$71,958$65,736$60,008$54,744$49,914$32,329
10 years$64,104$57,943$52,316$47,190$42,529$26,018
11 years$57,683$51,583$46,058$41,069$36,576$21,103
12 years$52,335$46,298$40,876$36,023$31,696$17,222
13 years$47,814$41,840$36,520$31,803$27,640$14,124
14 years$43,942$38,032$32,813$28,231$24,229$11,628
15 years$40,589$34,743$29,626$25,177$21,333$9,603
16 years$37,658$31,876$26,860$22,544$18,854$7,952
17 years$35,075$29,356$24,442$20,255$16,717$6,598
18 years$32,781$27,126$22,312$18,254$14,864$5,484
19 years$30,731$25,141$20,426$16,494$13,249$4,565
20 years$28,889$23,362$18,746$14,939$11,834$3,804
21 years$27,224$21,761$17,242$13,558$10,590$3,173
22 years$25,712$20,313$15,892$12,327$9,493$2,649
23 years$24,334$18,998$14,673$11,226$8,521$2,213
24 years$23,073$17,800$13,570$10,239$7,659$1,850
25 years$21,914$16,704$12,569$9,351$6,892$1,547
26 years$20,847$15,699$11,657$8,550$6,208$1,294
27 years$19,860$14,775$10,824$7,826$5,597$1,083
28 years$18,945$13,922$10,063$7,170$5,050$906
29 years$18,094$13,134$9,364$6,575$4,560$759
30 years$17,302$12,404$8,722$6,035$4,121$635
31 years$16,563$11,726$8,132$5,542$3,725$532
32 years$15,871$11,095$7,587$5,093$3,370$446
33 years$15,222$10,507$7,084$4,684$3,050$373
34 years$14,613$9,958$6,619$4,310$2,761$313
35 years$14,040$9,445$6,188$3,967$2,501$262
36 years$13,500$8,965$5,789$3,654$2,266$220
37 years$12,990$8,515$5,418$3,366$2,054$184
38 years$12,509$8,092$5,074$3,103$1,862$154
39 years$12,053$7,695$4,754$2,861$1,688$129
40 years$11,621$7,321$4,456$2,639$1,531$108
41 years$11,211$6,969$4,178$2,435$1,389$91
42 years$10,822$6,637$3,919$2,247$1,261$76
43 years$10,452$6,324$3,678$2,074$1,144$64
44 years$10,099$6,028$3,452$1,915$1,039$53
45 years$9,763$5,748$3,241$1,769$943$45
46 years$9,443$5,483$3,044$1,634$856$38
47 years$9,138$5,233$2,860$1,509$777$31
48 years$8,846$4,995$2,688$1,395$706$26
49 years$8,566$4,770$2,526$1,289$641$22
50 years$8,299$4,557$2,375$1,191$582$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $8,500,000, adding $5,628 every year, while hoping to spend $27,505 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: 57/24/19 Blend
71$8,500,000$8,500,000$8,500,000$8,500,000
72$9,372,805$8,922,305$8,790,555$9,859,428
73$10,299,566$9,330,233$9,055,774$10,599,018
74$11,319,935$9,757,228$9,328,955$11,401,166
75$12,443,431$10,204,194$9,610,337$12,274,733
76$13,680,542$10,672,081$9,900,165$13,226,594
77$15,042,827$11,161,882$10,198,690$14,264,309
78$16,543,021$11,674,640$10,506,172$15,396,191
79$18,195,159$12,211,447$10,822,878$16,631,384
80$20,014,704$12,773,447$11,149,084$17,979,942
81$22,018,697$13,361,840$11,485,072$19,452,928
82$24,225,917$13,977,882$11,831,134$21,062,510
83$26,657,054$14,622,892$12,187,571$22,822,077
84$29,334,910$15,298,251$12,554,691$24,746,359
85$32,284,611$16,005,405$12,932,813$26,851,566
86$35,533,844$16,745,872$13,322,265$29,155,536
87$39,113,118$17,521,242$13,723,383$31,677,900
88$43,056,056$18,333,183$14,136,516$34,440,264
89$47,399,706$19,183,441$14,562,021$37,466,411
90$52,184,893$20,073,847$15,000,267$40,782,519
91$57,456,608$21,006,321$15,451,632$44,417,406
92$63,264,427$21,982,876$15,916,506$48,402,794
93$69,662,982$23,005,620$16,395,292$52,773,612
94$76,712,475$24,076,764$16,888,403$57,568,312
95$84,479,248$25,198,626$17,396,265$62,829,234
96$93,036,408$26,373,636$17,919,317$68,602,997
97$102,464,517$27,604,340$18,458,010$74,940,936
98$112,852,353$28,893,407$19,012,808$81,899,577
99$124,297,746$30,243,638$19,584,191$89,541,173
100$136,908,505$31,657,964$20,172,650$97,934,276