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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$858,822$851,172$843,709$836,424$829,311$802,764
2 years$425,160$417,241$409,567$402,127$394,910$368,409
3 years$280,624$272,672$265,017$257,647$250,547$224,924
4 years$208,371$200,443$192,865$185,620$178,692$154,143
5 years$165,030$157,149$149,671$142,574$135,839$112,430
6 years$136,145$128,324$120,956$114,017$107,485$85,235
7 years$115,522$107,767$100,515$93,740$87,414$66,322
8 years$100,061$92,376$85,245$78,636$72,518$52,569
9 years$88,043$80,430$73,421$66,981$61,071$42,242
10 years$78,433$70,895$64,010$57,738$52,035$34,298
11 years$70,576$63,114$56,354$50,249$44,752$28,073
12 years$64,033$56,647$50,013$44,075$38,781$23,125
13 years$58,502$51,193$44,683$38,912$33,818$19,146
14 years$53,764$46,533$40,148$34,542$29,645$15,917
15 years$49,662$42,508$36,248$30,805$26,102$13,277
16 years$46,076$39,001$32,864$27,583$23,069$11,106
17 years$42,915$35,918$29,905$24,783$20,454$9,310
18 years$40,109$33,190$27,299$22,334$18,187$7,820
19 years$37,601$30,760$24,991$20,181$16,210$6,578
20 years$35,346$28,584$22,936$18,278$14,479$5,541
21 years$33,309$26,625$21,097$16,588$12,957$4,672
22 years$31,460$24,853$19,444$15,082$11,615$3,944
23 years$29,774$23,245$17,953$13,736$10,426$3,331
24 years$28,230$21,779$16,603$12,528$9,371$2,815
25 years$26,813$20,438$15,378$11,441$8,432$2,381
26 years$25,506$19,209$14,262$10,461$7,596$2,014
27 years$24,299$18,078$13,244$9,575$6,848$1,705
28 years$23,179$17,034$12,312$8,773$6,179$1,443
29 years$22,139$16,070$11,457$8,045$5,580$1,222
30 years$21,170$15,176$10,672$7,383$5,042$1,035
31 years$20,265$14,347$9,949$6,781$4,558$877
32 years$19,418$13,575$9,283$6,232$4,123$743
33 years$18,625$12,856$8,667$5,731$3,731$630
34 years$17,880$12,184$8,098$5,273$3,378$534
35 years$17,178$11,557$7,571$4,854$3,060$453
36 years$16,518$10,969$7,083$4,470$2,772$384
37 years$15,894$10,418$6,629$4,119$2,513$325
38 years$15,305$9,901$6,208$3,796$2,278$276
39 years$14,747$9,415$5,816$3,501$2,066$234
40 years$14,218$8,957$5,452$3,229$1,874$198
41 years$13,717$8,527$5,112$2,979$1,700$168
42 years$13,241$8,120$4,795$2,749$1,543$143
43 years$12,788$7,737$4,500$2,538$1,400$121
44 years$12,357$7,375$4,224$2,343$1,271$103
45 years$11,946$7,033$3,966$2,164$1,154$87
46 years$11,554$6,709$3,725$1,999$1,047$74
47 years$11,180$6,402$3,499$1,847$951$63
48 years$10,823$6,112$3,288$1,707$864$53
49 years$10,481$5,837$3,091$1,577$784$45
50 years$10,154$5,575$2,906$1,458$713$38

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 $6,633 every year, while hoping to spend $53,810 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: 49/40/11 Blend
71$10,400,000$10,400,000$10,400,000$10,400,000
72$11,467,642$10,916,442$10,755,242$11,995,045
73$12,580,088$11,394,094$11,058,289$12,835,314
74$13,804,200$11,893,348$11,369,685$13,741,330
75$15,151,311$12,415,205$11,689,652$14,724,226
76$16,633,909$12,960,714$12,018,419$15,791,211
77$18,265,752$13,530,973$12,356,221$16,950,203
78$20,062,002$14,127,134$12,703,297$18,209,898
79$22,039,363$14,750,400$13,059,895$19,579,850
80$24,216,242$15,402,034$13,426,266$21,070,557
81$26,612,923$16,083,358$13,802,669$22,693,555
82$29,251,754$16,795,755$14,189,371$24,461,525
83$32,157,361$17,540,675$14,586,643$26,388,401
84$35,356,881$18,319,637$14,994,765$28,489,508
85$38,880,215$19,134,232$15,414,022$30,781,691
86$42,760,312$19,986,125$15,844,707$33,283,474
87$47,033,481$20,877,061$16,287,122$36,015,231
88$51,739,728$21,808,870$16,741,573$38,999,365
89$56,923,141$22,783,465$17,208,376$42,260,524
90$62,632,300$23,802,854$17,687,855$45,825,817
91$68,920,738$24,869,136$18,180,341$49,725,072
92$75,847,444$25,984,515$18,686,174$53,991,105
93$83,477,423$27,151,297$19,205,701$58,660,023
94$91,882,307$28,371,897$19,739,278$63,771,561
95$101,141,030$29,648,847$20,287,272$69,369,447
96$111,340,574$30,984,800$20,850,055$75,501,804
97$122,576,792$32,382,534$21,428,011$82,221,601
98$134,955,307$33,844,961$22,021,531$89,587,138
99$148,592,515$35,375,130$22,631,019$97,662,593
100$163,616,679$36,976,239$23,256,885$106,518,614