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%15.3%
1 years$850,564$842,988$835,596$828,381$821,336$803,440
2 years$421,071$413,229$405,629$398,260$391,113$373,172
3 years$277,926$270,050$262,469$255,169$248,138$230,714
4 years$206,367$198,515$191,010$183,835$176,974$160,200
5 years$163,443$155,638$148,232$141,203$134,533$118,457
6 years$134,836$127,090$119,793$112,921$106,451$91,090
7 years$114,411$106,730$99,549$92,839$86,573$71,930
8 years$99,099$91,488$84,425$77,880$71,821$57,890
9 years$87,196$79,656$72,715$66,337$60,484$47,255
10 years$77,679$70,213$63,395$57,183$51,535$38,995
11 years$69,898$62,507$55,812$49,766$44,322$32,455
12 years$63,418$56,103$49,532$43,652$38,408$27,195
13 years$57,939$50,700$44,253$38,538$33,493$22,914
14 years$53,247$46,085$39,762$34,210$29,360$19,393
15 years$49,184$42,100$35,900$30,509$25,851$16,475
16 years$45,633$38,626$32,548$27,317$22,847$14,039
17 years$42,503$35,573$29,618$24,544$20,258$11,994
18 years$39,723$32,871$27,037$22,120$18,012$10,270
19 years$37,239$30,464$24,751$19,987$16,055$8,809
20 years$35,006$28,309$22,715$18,102$14,340$7,568
21 years$32,989$26,369$20,894$16,429$12,833$6,511
22 years$31,157$24,614$19,257$14,937$11,503$5,608
23 years$29,487$23,021$17,780$13,604$10,326$4,834
24 years$27,959$21,569$16,444$12,407$9,281$4,171
25 years$26,555$20,242$15,230$11,331$8,351$3,601
26 years$25,261$19,024$14,125$10,361$7,523$3,111
27 years$24,065$17,904$13,116$9,483$6,782$2,689
28 years$22,956$16,871$12,193$8,689$6,120$2,326
29 years$21,926$15,916$11,347$7,968$5,526$2,012
30 years$20,966$15,031$10,569$7,312$4,993$1,741
31 years$20,070$14,209$9,854$6,716$4,514$1,507
32 years$19,232$13,444$9,194$6,172$4,083$1,305
33 years$18,446$12,732$8,584$5,676$3,696$1,130
34 years$17,708$12,067$8,020$5,222$3,346$979
35 years$17,013$11,446$7,499$4,807$3,030$848
36 years$16,359$10,863$7,015$4,427$2,746$735
37 years$15,741$10,318$6,566$4,079$2,489$637
38 years$15,158$9,806$6,148$3,760$2,256$552
39 years$14,605$9,324$5,760$3,467$2,046$479
40 years$14,082$8,871$5,399$3,198$1,856$415
41 years$13,585$8,445$5,063$2,950$1,684$360
42 years$13,113$8,042$4,749$2,723$1,528$312
43 years$12,665$7,663$4,456$2,513$1,386$270
44 years$12,238$7,304$4,183$2,321$1,258$234
45 years$11,831$6,965$3,928$2,143$1,142$203
46 years$11,443$6,644$3,689$1,980$1,037$176
47 years$11,073$6,341$3,466$1,829$942$153
48 years$10,719$6,053$3,257$1,690$855$133
49 years$10,380$5,780$3,061$1,562$777$115
50 years$10,056$5,522$2,878$1,444$706$100

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 $6,054 every year, while hoping to spend $53,347 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: 42/39/19 Blend
71$10,300,000$10,300,000$10,300,000$10,300,000
72$11,356,845$10,810,945$10,651,295$11,770,382
73$12,458,482$11,283,920$10,951,352$12,536,988
74$13,670,698$11,778,284$11,259,674$13,360,965
75$15,004,717$12,295,026$11,576,480$14,252,143
76$16,472,902$12,835,187$11,901,996$15,216,713
77$18,088,881$13,399,854$12,236,456$16,261,473
78$19,867,665$13,990,165$12,580,095$17,393,885
79$21,825,797$14,607,313$12,933,159$18,622,140
80$23,981,505$15,252,548$13,295,896$19,955,236
81$26,354,873$15,927,178$13,668,564$21,403,054
82$28,968,034$16,632,573$14,051,424$22,976,451
83$31,845,373$17,370,169$14,444,747$24,687,353
84$35,013,763$18,141,470$14,848,808$26,548,867
85$38,502,814$18,948,049$15,263,890$28,575,399
86$42,345,154$19,791,556$15,690,283$30,782,780
87$46,576,737$20,673,719$16,128,285$33,188,419
88$51,237,181$21,596,349$16,578,199$35,811,452
89$56,370,144$22,561,340$17,040,339$38,672,922
90$62,023,731$23,570,678$17,515,023$41,795,971
91$68,250,956$24,626,445$18,002,580$45,206,051
92$75,110,233$25,730,821$18,503,346$48,931,156
93$82,665,933$26,886,087$19,017,664$53,002,081
94$90,988,989$28,094,637$19,545,888$57,452,706
95$100,157,568$29,358,976$20,088,377$62,320,305
96$110,257,805$30,681,730$20,645,502$67,645,892
97$121,384,617$32,065,651$21,217,643$73,474,600
98$133,642,600$33,513,620$21,805,186$79,856,093
99$147,147,015$35,028,657$22,408,529$86,845,034
100$162,024,876$36,613,927$23,028,080$94,501,585