Can I retire at age 72 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$858,822$851,172$843,709$836,424$829,311$810,250
2 years$425,160$417,241$409,567$402,127$394,910$375,812
3 years$280,624$272,672$265,017$257,647$250,547$232,008
4 years$208,371$200,443$192,865$185,620$178,692$160,855
5 years$165,030$157,149$149,671$142,574$135,839$118,754
6 years$136,145$128,324$120,956$114,017$107,485$91,169
7 years$115,522$107,767$100,515$93,740$87,414$71,871
8 years$100,061$92,376$85,245$78,636$72,518$57,741
9 years$88,043$80,430$73,421$66,981$61,071$47,049
10 years$78,433$70,895$64,010$57,738$52,035$38,753
11 years$70,576$63,114$56,354$50,249$44,752$32,191
12 years$64,033$56,647$50,013$44,075$38,781$26,922
13 years$58,502$51,193$44,683$38,912$33,818$22,638
14 years$53,764$46,533$40,148$34,542$29,645$19,121
15 years$49,662$42,508$36,248$30,805$26,102$16,210
16 years$46,076$39,001$32,864$27,583$23,069$13,784
17 years$42,915$35,918$29,905$24,783$20,454$11,751
18 years$40,109$33,190$27,299$22,334$18,187$10,039
19 years$37,601$30,760$24,991$20,181$16,210$8,592
20 years$35,346$28,584$22,936$18,278$14,479$7,365
21 years$33,309$26,625$21,097$16,588$12,957$6,322
22 years$31,460$24,853$19,444$15,082$11,615$5,432
23 years$29,774$23,245$17,953$13,736$10,426$4,672
24 years$28,230$21,779$16,603$12,528$9,371$4,021
25 years$26,813$20,438$15,378$11,441$8,432$3,464
26 years$25,506$19,209$14,262$10,461$7,596$2,985
27 years$24,299$18,078$13,244$9,575$6,848$2,574
28 years$23,179$17,034$12,312$8,773$6,179$2,221
29 years$22,139$16,070$11,457$8,045$5,580$1,916
30 years$21,170$15,176$10,672$7,383$5,042$1,654
31 years$20,265$14,347$9,949$6,781$4,558$1,429
32 years$19,418$13,575$9,283$6,232$4,123$1,234
33 years$18,625$12,856$8,667$5,731$3,731$1,066
34 years$17,880$12,184$8,098$5,273$3,378$921
35 years$17,178$11,557$7,571$4,854$3,060$796
36 years$16,518$10,969$7,083$4,470$2,772$688
37 years$15,894$10,418$6,629$4,119$2,513$595
38 years$15,305$9,901$6,208$3,796$2,278$514
39 years$14,747$9,415$5,816$3,501$2,066$445
40 years$14,218$8,957$5,452$3,229$1,874$384
41 years$13,717$8,527$5,112$2,979$1,700$332
42 years$13,241$8,120$4,795$2,749$1,543$287
43 years$12,788$7,737$4,500$2,538$1,400$249
44 years$12,357$7,375$4,224$2,343$1,271$215
45 years$11,946$7,033$3,966$2,164$1,154$186
46 years$11,554$6,709$3,725$1,999$1,047$161
47 years$11,180$6,402$3,499$1,847$951$139
48 years$10,823$6,112$3,288$1,707$864$120
49 years$10,481$5,837$3,091$1,577$784$104
50 years$10,154$5,575$2,906$1,458$713$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $10,400,000, adding $5,149 every year, while hoping to spend $53,189 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: 27/50/23 Blend
71$10,400,000$10,400,000$10,400,000$10,400,000
72$11,466,111$10,914,911$10,753,711$11,692,391
73$12,579,062$11,393,149$11,057,368$12,350,254
74$13,803,751$11,893,038$11,369,414$13,051,121
75$15,151,519$12,415,583$11,690,076$13,802,543
76$16,634,863$12,961,835$12,019,582$14,608,845
77$18,267,552$13,532,898$12,358,171$15,474,759
78$20,064,757$14,129,924$12,706,084$16,405,461
79$22,043,195$14,754,123$13,063,570$17,406,619
80$24,221,286$15,406,761$13,430,886$18,484,437
81$26,619,328$16,089,163$13,808,291$19,645,714
82$29,259,685$16,802,718$14,196,054$20,897,895
83$32,167,002$17,548,880$14,594,452$22,249,142
84$35,368,435$18,329,174$15,003,764$23,708,401
85$38,893,906$19,145,194$15,424,281$25,285,482
86$42,776,389$19,998,613$15,856,299$26,991,141
87$47,052,217$20,891,182$16,300,122$28,837,182
88$51,761,428$21,824,734$16,756,060$30,836,552
89$56,948,140$22,801,192$17,224,434$33,003,463
90$62,660,968$23,822,569$17,705,571$35,353,513
91$68,953,484$24,890,972$18,199,805$37,903,828
92$75,884,722$26,008,612$18,707,481$40,673,214
93$83,519,732$27,177,803$19,228,950$43,682,324
94$91,930,199$28,400,969$19,764,574$46,953,843
95$101,195,114$29,680,651$20,314,722$50,512,696
96$111,401,523$31,019,511$20,879,773$54,386,269
97$122,645,349$32,420,337$21,460,115$58,604,658
98$135,032,291$33,886,051$22,056,146$63,200,939
99$148,678,831$35,419,714$22,668,274$68,211,474
100$163,713,326$37,024,533$23,296,914$73,676,235