Can I retire at age 72 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$850,564$842,988$835,596$828,381$821,336$813,436
2 years$421,071$413,229$405,629$398,260$391,113$383,154
3 years$277,926$270,050$262,469$255,169$248,138$240,368
4 years$206,367$198,515$191,010$183,835$176,974$169,453
5 years$163,443$155,638$148,232$141,203$134,533$127,282
6 years$134,836$127,090$119,793$112,921$106,451$99,480
7 years$114,411$106,730$99,549$92,839$86,573$79,885
8 years$99,099$91,488$84,425$77,880$71,821$65,414
9 years$87,196$79,656$72,715$66,337$60,484$54,357
10 years$77,679$70,213$63,395$57,183$51,535$45,685
11 years$69,898$62,507$55,812$49,766$44,322$38,744
12 years$63,418$56,103$49,532$43,652$38,408$33,096
13 years$57,939$50,700$44,253$38,538$33,493$28,441
14 years$53,247$46,085$39,762$34,210$29,360$24,561
15 years$49,184$42,100$35,900$30,509$25,851$21,298
16 years$45,633$38,626$32,548$27,317$22,847$18,534
17 years$42,503$35,573$29,618$24,544$20,258$16,175
18 years$39,723$32,871$27,037$22,120$18,012$14,153
19 years$37,239$30,464$24,751$19,987$16,055$12,411
20 years$35,006$28,309$22,715$18,102$14,340$10,903
21 years$32,989$26,369$20,894$16,429$12,833$9,595
22 years$31,157$24,614$19,257$14,937$11,503$8,455
23 years$29,487$23,021$17,780$13,604$10,326$7,460
24 years$27,959$21,569$16,444$12,407$9,281$6,589
25 years$26,555$20,242$15,230$11,331$8,351$5,825
26 years$25,261$19,024$14,125$10,361$7,523$5,154
27 years$24,065$17,904$13,116$9,483$6,782$4,564
28 years$22,956$16,871$12,193$8,689$6,120$4,044
29 years$21,926$15,916$11,347$7,968$5,526$3,585
30 years$20,966$15,031$10,569$7,312$4,993$3,180
31 years$20,070$14,209$9,854$6,716$4,514$2,822
32 years$19,232$13,444$9,194$6,172$4,083$2,505
33 years$18,446$12,732$8,584$5,676$3,696$2,225
34 years$17,708$12,067$8,020$5,222$3,346$1,976
35 years$17,013$11,446$7,499$4,807$3,030$1,756
36 years$16,359$10,863$7,015$4,427$2,746$1,561
37 years$15,741$10,318$6,566$4,079$2,489$1,387
38 years$15,158$9,806$6,148$3,760$2,256$1,233
39 years$14,605$9,324$5,760$3,467$2,046$1,097
40 years$14,082$8,871$5,399$3,198$1,856$976
41 years$13,585$8,445$5,063$2,950$1,684$868
42 years$13,113$8,042$4,749$2,723$1,528$772
43 years$12,665$7,663$4,456$2,513$1,386$687
44 years$12,238$7,304$4,183$2,321$1,258$611
45 years$11,831$6,965$3,928$2,143$1,142$544
46 years$11,443$6,644$3,689$1,980$1,037$484
47 years$11,073$6,341$3,466$1,829$942$431
48 years$10,719$6,053$3,257$1,690$855$383
49 years$10,380$5,780$3,061$1,562$777$341
50 years$10,056$5,522$2,878$1,444$706$304

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $10,300,000, adding $6,839 every year, while hoping to spend $55,945 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: 57/34/9 Blend
71$10,300,000$10,300,000$10,300,000$10,300,000
72$11,357,654$10,811,754$10,652,104$11,980,574
73$12,456,610$11,282,005$10,949,425$12,871,428
74$13,665,784$11,773,424$11,254,831$13,834,781
75$14,996,360$12,286,987$11,568,533$14,883,066
76$16,460,660$12,823,720$11,890,750$16,024,408
77$18,072,260$13,384,695$12,221,703$17,267,740
78$19,846,121$13,971,036$12,561,620$18,622,880
79$21,798,725$14,583,917$12,910,735$20,100,623
80$23,948,238$15,224,571$13,269,287$21,712,839
81$26,314,670$15,894,288$13,637,520$23,472,584
82$28,920,076$16,594,417$14,015,687$25,394,214
83$31,788,754$17,326,374$14,404,043$27,493,521
84$34,947,481$18,091,640$14,802,852$29,787,878
85$38,425,761$18,891,767$15,212,384$32,296,395
86$42,256,104$19,728,380$15,632,915$35,040,101
87$46,474,337$20,603,180$16,064,727$38,042,131
88$51,119,935$21,517,951$16,508,111$41,327,946
89$56,236,397$22,474,561$16,963,362$44,925,563
90$61,871,660$23,474,964$17,430,785$48,865,817
91$68,078,542$24,521,210$17,910,689$53,182,648
92$74,915,250$25,615,446$18,403,393$57,913,411
93$82,445,921$26,759,919$18,909,223$63,099,228
94$90,741,235$27,956,984$19,428,512$68,785,364
95$99,879,074$29,209,110$19,961,600$75,021,655
96$109,945,263$30,518,880$20,508,837$81,862,963
97$121,034,377$31,889,002$21,070,580$89,369,695
98$133,250,633$33,322,313$21,647,195$97,608,360
99$146,708,877$34,821,785$22,239,055$106,652,192
100$161,535,661$36,390,531$22,846,542$116,581,829