Can I retire at age 72 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$825,791$818,435$811,258$804,254$797,414$792,389
2 years$408,807$401,194$393,815$386,660$379,721$374,652
3 years$269,831$262,184$254,824$247,737$240,911$235,955
4 years$200,356$192,733$185,447$178,481$171,819$167,015
5 years$158,683$151,105$143,914$137,090$130,614$125,975
6 years$130,909$123,389$116,304$109,632$103,351$98,883
7 years$111,079$103,622$96,649$90,135$84,052$79,758
8 years$96,213$88,823$81,966$75,612$69,729$65,609
9 years$84,656$77,336$70,598$64,404$58,722$54,775
10 years$75,417$68,168$61,549$55,517$50,034$46,257
11 years$67,862$60,686$54,186$48,317$43,031$39,422
12 years$61,571$54,469$48,089$42,380$37,290$33,846
13 years$56,251$49,224$42,964$37,415$32,517$29,235
14 years$51,696$44,743$38,604$33,213$28,505$25,380
15 years$47,752$40,874$34,854$29,620$25,098$22,127
16 years$44,304$37,501$31,600$26,522$22,181$19,360
17 years$41,265$34,537$28,755$23,830$19,668$16,991
18 years$38,566$31,914$26,250$21,475$17,487$14,951
19 years$36,155$29,577$24,030$19,405$15,587$13,186
20 years$33,987$27,484$22,054$17,575$13,923$11,652
21 years$32,028$25,601$20,285$15,950$12,459$10,314
22 years$30,250$23,897$18,696$14,502$11,168$9,144
23 years$28,629$22,351$17,262$13,208$10,025$8,117
24 years$27,145$20,941$15,965$12,046$9,011$7,213
25 years$25,782$19,652$14,787$11,001$8,108$6,417
26 years$24,525$18,470$13,714$10,059$7,304$5,713
27 years$23,364$17,382$12,734$9,207$6,585$5,091
28 years$22,288$16,379$11,838$8,436$5,942$4,540
29 years$21,288$15,452$11,017$7,736$5,365$4,051
30 years$20,356$14,593$10,262$7,099$4,848$3,617
31 years$19,486$13,795$9,567$6,520$4,383$3,230
32 years$18,672$13,053$8,926$5,992$3,965$2,887
33 years$17,909$12,361$8,334$5,510$3,588$2,580
34 years$17,192$11,716$7,787$5,070$3,248$2,308
35 years$16,518$11,112$7,280$4,667$2,942$2,064
36 years$15,882$10,547$6,810$4,298$2,666$1,847
37 years$15,283$10,017$6,374$3,960$2,416$1,653
38 years$14,716$9,520$5,969$3,650$2,190$1,480
39 years$14,180$9,053$5,593$3,366$1,986$1,325
40 years$13,672$8,613$5,242$3,105$1,802$1,186
41 years$13,189$8,199$4,915$2,864$1,635$1,063
42 years$12,731$7,808$4,611$2,643$1,483$952
43 years$12,296$7,439$4,327$2,440$1,346$853
44 years$11,881$7,091$4,061$2,253$1,222$764
45 years$11,486$6,762$3,813$2,081$1,109$685
46 years$11,110$6,451$3,582$1,922$1,007$614
47 years$10,750$6,156$3,365$1,776$914$550
48 years$10,406$5,877$3,162$1,641$830$493
49 years$10,078$5,612$2,972$1,516$754$442
50 years$9,763$5,361$2,794$1,402$685$396

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $10,000,000, adding $4,511 every year, while hoping to spend $23,019 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: 49/44/7 Blend
71$10,000,000$10,000,000$10,000,000$10,000,000
72$11,024,653$10,494,653$10,339,653$11,544,683
73$12,124,676$10,984,399$10,661,539$12,390,160
74$13,336,129$11,497,371$10,993,437$13,305,156
75$14,670,355$12,034,683$11,335,658$14,298,430
76$16,139,851$12,597,502$11,688,523$15,377,292
77$17,758,389$13,187,053$12,052,361$16,549,768
78$19,541,144$13,804,618$12,427,515$17,824,668
79$21,504,839$14,451,543$12,814,335$19,211,670
80$23,667,903$15,129,238$13,213,185$20,721,401
81$26,050,640$15,839,182$13,624,438$22,365,536
82$28,675,427$16,582,924$14,048,479$24,156,901
83$31,566,923$17,362,089$14,485,705$26,109,589
84$34,752,299$18,178,382$14,936,526$28,239,089
85$38,261,499$19,033,588$15,401,365$30,562,424
86$42,127,517$19,929,579$15,880,656$33,098,308
87$46,386,715$20,868,320$16,374,849$35,867,312
88$51,079,160$21,851,868$16,884,407$38,892,057
89$56,249,006$22,882,381$17,409,806$42,197,415
90$61,944,909$23,962,122$17,951,539$45,810,739
91$68,220,487$25,093,463$18,510,113$49,762,114
92$75,134,826$26,278,892$19,086,051$54,084,631
93$82,753,036$27,521,016$19,679,892$58,814,691
94$91,146,870$28,822,569$20,292,192$63,992,341
95$100,395,394$30,186,419$20,923,524$69,661,641
96$110,585,742$31,615,571$21,574,480$75,871,071
97$121,813,931$33,113,177$22,245,668$82,673,977
98$134,185,771$34,682,542$22,937,717$90,129,065
99$147,817,864$36,327,130$23,651,274$98,300,945
100$162,838,702$38,050,576$24,387,008$107,260,725