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%11.8%
1 years$817,533$810,251$803,146$796,211$789,440$783,480
2 years$404,719$397,182$389,877$382,794$375,924$369,915
3 years$267,133$259,563$252,276$245,260$238,501$232,630
4 years$198,353$190,806$183,592$176,696$170,101$164,412
5 years$157,096$149,594$142,475$135,719$129,308$123,818
6 years$129,600$122,155$115,141$108,536$102,317$97,034
7 years$109,968$102,586$95,683$89,233$83,211$78,136
8 years$95,251$87,935$81,147$74,856$69,032$64,166
9 years$83,810$76,563$69,892$63,760$58,135$53,476
10 years$74,662$67,487$60,933$54,962$49,534$45,080
11 years$67,183$60,079$53,644$47,833$42,601$38,348
12 years$60,955$53,924$47,608$41,956$36,917$32,862
13 years$55,689$48,731$42,535$37,041$32,192$28,331
14 years$51,179$44,296$38,218$32,881$28,219$24,547
15 years$47,274$40,465$34,505$29,324$24,847$21,357
16 years$43,861$37,126$31,284$26,257$21,960$18,648
17 years$40,852$34,191$28,467$23,591$19,471$16,332
18 years$38,180$31,594$25,987$21,261$17,313$14,341
19 years$35,793$29,281$23,790$19,211$15,431$12,621
20 years$33,647$27,210$21,833$17,399$13,783$11,128
21 years$31,708$25,345$20,082$15,791$12,335$9,829
22 years$29,947$23,658$18,509$14,357$11,056$8,694
23 years$28,342$22,127$17,090$13,076$9,925$7,700
24 years$26,873$20,732$15,805$11,926$8,920$6,827
25 years$25,524$19,456$14,639$10,891$8,027$6,059
26 years$24,280$18,285$13,577$9,958$7,231$5,383
27 years$23,131$17,209$12,607$9,115$6,519$4,785
28 years$22,065$16,216$11,720$8,351$5,882$4,257
29 years$21,075$15,297$10,906$7,658$5,311$3,789
30 years$20,152$14,447$10,159$7,029$4,799$3,375
31 years$19,291$13,657$9,471$6,455$4,339$3,007
32 years$18,485$12,922$8,836$5,932$3,925$2,680
33 years$17,729$12,238$8,251$5,455$3,552$2,390
34 years$17,020$11,599$7,709$5,019$3,216$2,132
35 years$16,352$11,001$7,207$4,621$2,913$1,902
36 years$15,723$10,442$6,742$4,255$2,639$1,698
37 years$15,130$9,917$6,311$3,921$2,392$1,516
38 years$14,569$9,425$5,910$3,614$2,169$1,353
39 years$14,038$8,962$5,537$3,332$1,966$1,209
40 years$13,535$8,527$5,190$3,074$1,784$1,080
41 years$13,058$8,117$4,866$2,836$1,618$965
42 years$12,604$7,730$4,565$2,617$1,468$862
43 years$12,173$7,365$4,283$2,416$1,333$770
44 years$11,763$7,020$4,021$2,231$1,210$688
45 years$11,372$6,695$3,775$2,060$1,098$615
46 years$10,999$6,386$3,546$1,903$997$550
47 years$10,643$6,095$3,331$1,758$905$491
48 years$10,302$5,818$3,130$1,624$822$439
49 years$9,977$5,556$2,942$1,501$747$393
50 years$9,666$5,307$2,766$1,388$678$351

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 $6,125 every year, while hoping to spend $45,196 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: 43/30/27 Blend
71$9,900,000$9,900,000$9,900,000$9,900,000
72$10,916,118$10,391,418$10,237,968$11,299,318
73$11,981,474$10,852,509$10,532,852$12,035,216
74$13,153,981$11,334,679$10,836,099$12,827,282
75$14,444,522$11,838,913$11,147,943$13,684,624
76$15,865,086$12,366,243$11,468,622$14,613,316
77$17,428,885$12,917,749$11,798,381$15,620,027
78$19,150,477$13,494,564$12,137,472$16,712,081
79$21,045,902$14,097,874$12,486,154$17,897,527
80$23,132,836$14,728,922$12,844,693$19,185,204
81$25,430,755$15,389,009$13,213,360$20,584,827
82$27,961,121$16,079,499$13,592,436$22,107,074
83$30,747,581$16,801,821$13,982,209$23,763,680
84$33,816,195$17,557,471$14,382,973$25,567,548
85$37,195,677$18,348,017$14,795,033$27,532,861
86$40,917,668$19,175,102$15,218,699$29,675,218
87$45,017,035$20,040,447$15,654,290$32,011,771
88$49,532,200$20,945,856$16,102,136$34,561,386
89$54,505,499$21,893,217$16,562,572$37,344,814
90$59,983,586$22,884,512$17,035,945$40,384,881
91$66,017,873$23,921,813$17,522,609$43,706,702
92$72,665,009$25,007,295$18,022,930$47,337,905
93$79,987,422$26,143,235$18,537,280$51,308,896
94$88,053,905$27,332,019$19,066,045$55,653,129
95$96,940,263$28,576,148$19,609,618$60,407,424
96$106,730,033$29,878,243$20,168,403$65,612,303
97$117,515,269$31,241,049$20,742,817$71,312,366
98$129,397,410$32,667,444$21,333,285$77,556,707
99$142,488,240$34,160,443$21,940,244$84,399,366
100$156,910,942$35,723,206$22,564,144$91,899,834