Can I retire at age 72 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$867,080$859,357$851,821$844,466$837,285$824,432
2 years$429,248$421,253$413,506$405,993$398,707$385,790
3 years$283,323$275,294$267,565$260,124$252,956$240,375
4 years$210,374$202,370$194,719$187,405$180,410$168,264
5 years$166,617$158,661$151,110$143,945$137,145$125,467
6 years$137,455$129,558$122,119$115,114$108,518$97,323
7 years$116,633$108,803$101,482$94,641$88,254$77,545
8 years$101,023$93,264$86,065$79,392$73,216$62,991
9 years$88,889$81,203$74,127$67,625$61,658$51,912
10 years$79,187$71,577$64,626$58,293$52,536$43,261
11 years$71,255$63,720$56,896$50,732$45,183$36,370
12 years$64,649$57,192$50,493$44,499$39,154$30,793
13 years$59,064$51,685$45,113$39,286$34,143$26,221
14 years$54,281$46,980$40,534$34,874$29,930$22,434
15 years$50,139$42,917$36,597$31,101$26,353$19,270
16 years$46,519$39,376$33,180$27,848$23,290$16,607
17 years$43,328$36,264$30,193$25,021$20,651$14,351
18 years$40,494$33,509$27,562$22,549$18,362$12,432
19 years$37,962$31,056$25,232$20,375$16,366$10,791
20 years$35,686$28,859$23,156$18,453$14,619$9,383
21 years$33,630$26,881$21,299$16,748$13,082$8,170
22 years$31,762$25,092$19,631$15,227$11,726$7,124
23 years$30,060$23,468$18,125$13,868$10,526$6,218
24 years$28,502$21,988$16,763$12,648$9,461$5,433
25 years$27,071$20,635$15,526$11,551$8,514$4,751
26 years$25,752$19,393$14,399$10,562$7,669$4,157
27 years$24,532$18,251$13,371$9,668$6,914$3,640
28 years$23,402$17,198$12,430$8,858$6,239$3,189
29 years$22,352$16,225$11,567$8,123$5,633$2,795
30 years$21,373$15,322$10,775$7,454$5,090$2,451
31 years$20,460$14,485$10,045$6,846$4,602$2,150
32 years$19,605$13,706$9,372$6,292$4,163$1,887
33 years$18,804$12,979$8,751$5,786$3,767$1,656
34 years$18,051$12,301$8,176$5,324$3,411$1,454
35 years$17,344$11,668$7,644$4,901$3,089$1,277
36 years$16,676$11,074$7,151$4,513$2,799$1,121
37 years$16,047$10,518$6,693$4,158$2,537$985
38 years$15,452$9,996$6,268$3,833$2,300$866
39 years$14,889$9,505$5,872$3,534$2,086$761
40 years$14,355$9,043$5,504$3,260$1,892$668
41 years$13,849$8,608$5,161$3,008$1,716$587
42 years$13,368$8,198$4,841$2,776$1,557$516
43 years$12,911$7,811$4,543$2,562$1,413$454
44 years$12,475$7,446$4,264$2,366$1,283$399
45 years$12,061$7,100$4,004$2,185$1,165$351
46 years$11,665$6,773$3,761$2,018$1,057$308
47 years$11,288$6,464$3,533$1,865$960$271
48 years$10,927$6,171$3,320$1,723$872$238
49 years$10,582$5,893$3,121$1,592$792$210
50 years$10,252$5,629$2,934$1,472$719$184

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $10,500,000, adding $6,011 every year, while hoping to spend $27,066 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: 77/17/6 Blend
71$10,500,000$10,500,000$10,500,000$10,500,000
72$11,577,200$11,020,700$10,857,950$12,461,789
73$12,729,277$11,531,917$11,192,894$13,554,418
74$13,997,958$12,067,275$11,538,150$14,747,905
75$15,395,109$12,627,931$11,894,038$16,055,577
76$16,933,804$13,215,094$12,260,882$17,488,764
77$18,628,450$13,830,032$12,639,020$19,059,938
78$20,494,923$14,474,075$13,028,798$20,782,829
79$22,550,718$15,148,616$13,430,575$22,672,552
80$24,815,110$15,855,118$13,844,719$24,745,748
81$27,309,344$16,595,111$14,271,609$27,020,740
82$30,056,827$17,370,201$14,711,638$29,517,700
83$33,083,354$18,182,072$15,165,208$32,258,843
84$36,417,349$19,032,487$15,632,736$35,268,627
85$40,090,136$19,923,296$16,114,651$38,573,989
86$44,136,232$20,856,439$16,611,393$42,204,590
87$48,593,671$21,833,949$17,123,418$46,193,096
88$53,504,369$22,857,955$17,651,196$50,575,483
89$58,914,514$23,930,694$18,195,211$55,391,372
90$64,875,003$25,054,507$18,755,959$60,684,399
91$71,441,926$26,231,850$19,333,956$66,502,629
92$78,677,089$27,465,298$19,929,730$72,899,000
93$86,648,604$28,757,549$20,543,828$79,931,822
94$95,431,526$30,111,433$21,176,811$87,665,322
95$105,108,566$31,529,919$21,829,259$96,170,250
96$115,770,870$33,016,115$22,501,769$105,524,536
97$127,518,878$34,573,283$23,194,957$115,814,030
98$140,463,273$36,204,843$23,909,457$127,133,298
99$154,726,026$37,914,380$24,645,924$139,586,520
100$170,441,549$39,705,653$25,405,030$153,288,460