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%11.2%
1 years$858,822$851,172$843,709$836,424$829,311$825,122
2 years$425,160$417,241$409,567$402,127$394,910$390,683
3 years$280,624$272,672$265,017$257,647$250,547$246,412
4 years$208,371$200,443$192,865$185,620$178,692$174,681
5 years$165,030$157,149$149,671$142,574$135,839$131,964
6 years$136,145$128,324$120,956$114,017$107,485$103,751
7 years$115,522$107,767$100,515$93,740$87,414$83,823
8 years$100,061$92,376$85,245$78,636$72,518$69,070
9 years$88,043$80,430$73,421$66,981$61,071$57,765
10 years$78,433$70,895$64,010$57,738$52,035$48,870
11 years$70,576$63,114$56,354$50,249$44,752$41,726
12 years$64,033$56,647$50,013$44,075$38,781$35,891
13 years$58,502$51,193$44,683$38,912$33,818$31,061
14 years$53,764$46,533$40,148$34,542$29,645$27,018
15 years$49,662$42,508$36,248$30,805$26,102$23,602
16 years$46,076$39,001$32,864$27,583$23,069$20,692
17 years$42,915$35,918$29,905$24,783$20,454$18,198
18 years$40,109$33,190$27,299$22,334$18,187$16,047
19 years$37,601$30,760$24,991$20,181$16,210$14,182
20 years$35,346$28,584$22,936$18,278$14,479$12,560
21 years$33,309$26,625$21,097$16,588$12,957$11,142
22 years$31,460$24,853$19,444$15,082$11,615$9,900
23 years$29,774$23,245$17,953$13,736$10,426$8,808
24 years$28,230$21,779$16,603$12,528$9,371$7,845
25 years$26,813$20,438$15,378$11,441$8,432$6,995
26 years$25,506$19,209$14,262$10,461$7,596$6,243
27 years$24,299$18,078$13,244$9,575$6,848$5,576
28 years$23,179$17,034$12,312$8,773$6,179$4,984
29 years$22,139$16,070$11,457$8,045$5,580$4,458
30 years$21,170$15,176$10,672$7,383$5,042$3,990
31 years$20,265$14,347$9,949$6,781$4,558$3,572
32 years$19,418$13,575$9,283$6,232$4,123$3,200
33 years$18,625$12,856$8,667$5,731$3,731$2,868
34 years$17,880$12,184$8,098$5,273$3,378$2,571
35 years$17,178$11,557$7,571$4,854$3,060$2,306
36 years$16,518$10,969$7,083$4,470$2,772$2,068
37 years$15,894$10,418$6,629$4,119$2,513$1,856
38 years$15,305$9,901$6,208$3,796$2,278$1,665
39 years$14,747$9,415$5,816$3,501$2,066$1,495
40 years$14,218$8,957$5,452$3,229$1,874$1,342
41 years$13,717$8,527$5,112$2,979$1,700$1,205
42 years$13,241$8,120$4,795$2,749$1,543$1,082
43 years$12,788$7,737$4,500$2,538$1,400$972
44 years$12,357$7,375$4,224$2,343$1,271$873
45 years$11,946$7,033$3,966$2,164$1,154$785
46 years$11,554$6,709$3,725$1,999$1,047$705
47 years$11,180$6,402$3,499$1,847$951$634
48 years$10,823$6,112$3,288$1,707$864$569
49 years$10,481$5,837$3,091$1,577$784$512
50 years$10,154$5,575$2,906$1,458$713$460

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 $2,855 every year, while hoping to spend $26,682 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: 34/49/17 Blend
71$10,400,000$10,400,000$10,400,000$10,400,000
72$11,463,745$10,912,545$10,751,345$11,793,161
73$12,604,657$11,418,870$11,083,126$12,541,204
74$13,861,049$11,949,111$11,425,127$13,344,643
75$15,244,670$12,504,411$11,777,662$14,210,487
76$16,768,468$13,085,970$12,141,056$15,144,258
77$18,446,713$13,695,043$12,515,642$16,152,009
78$20,295,126$14,332,949$12,901,765$17,240,367
79$22,331,033$15,001,068$13,299,778$18,416,597
80$24,573,526$15,700,847$13,710,048$19,688,659
81$27,043,641$16,433,805$14,132,951$21,065,283
82$29,764,563$17,201,531$14,568,874$22,556,040
83$32,761,836$18,005,694$15,018,219$24,171,430
84$36,063,611$18,848,041$15,481,398$25,922,971
85$39,700,910$19,730,405$15,958,835$27,823,302
86$43,707,916$20,654,708$16,450,969$29,886,297
87$48,122,298$21,622,963$16,958,251$32,127,184
88$52,985,566$22,637,283$17,481,147$34,562,682
89$58,343,464$23,699,880$18,020,135$37,211,154
90$64,246,399$24,813,075$18,575,711$40,092,766
91$70,749,918$25,979,302$19,148,383$43,229,670
92$77,915,232$27,201,111$19,738,677$46,646,204
93$85,809,797$28,481,176$20,347,134$50,369,113
94$94,507,945$29,822,302$20,974,312$54,427,786
95$104,091,589$31,227,428$21,620,784$58,854,527
96$114,650,995$32,699,636$22,287,145$63,684,845
97$126,285,635$34,242,157$22,974,003$68,957,778
98$139,105,126$35,858,380$23,681,988$74,716,250
99$153,230,264$37,551,855$24,411,750$81,007,460
100$168,794,162$39,326,308$25,163,955$87,883,316