Can I retire at age 72 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$875,338$867,541$859,934$852,509$845,259$841,697
2 years$433,336$425,265$417,444$409,860$402,504$398,909
3 years$286,021$277,916$270,114$262,601$255,365$251,847
4 years$212,378$204,297$196,574$189,189$182,129$178,715
5 years$168,204$160,172$152,549$145,316$138,451$135,152
6 years$138,764$130,792$123,282$116,210$109,552$106,371
7 years$117,743$109,839$102,448$95,543$89,095$86,034
8 years$101,985$94,152$86,884$80,148$73,913$70,973
9 years$89,736$81,977$74,833$68,269$62,245$59,425
10 years$79,942$72,258$65,241$58,848$53,036$50,335
11 years$71,933$64,327$57,438$51,216$45,613$43,028
12 years$65,265$57,737$50,974$44,923$39,527$37,058
13 years$59,627$52,177$45,542$39,660$34,468$32,112
14 years$54,798$47,428$40,920$35,206$30,215$27,968
15 years$50,617$43,326$36,945$31,398$26,603$24,464
16 years$46,962$39,751$33,496$28,113$23,512$21,477
17 years$43,741$36,609$30,480$25,259$20,848$18,914
18 years$40,880$33,828$27,824$22,764$18,537$16,702
19 years$38,324$31,352$25,472$20,569$16,522$14,782
20 years$36,026$29,134$23,377$18,629$14,758$13,110
21 years$33,950$27,137$21,502$16,907$13,207$11,647
22 years$32,065$25,331$19,818$15,373$11,838$10,364
23 years$30,346$23,692$18,298$14,000$10,626$9,234
24 years$28,773$22,198$16,923$12,769$9,551$8,238
25 years$27,328$20,831$15,674$11,661$8,595$7,357
26 years$25,997$19,578$14,537$10,662$7,742$6,576
27 years$24,766$18,425$13,499$9,760$6,980$5,883
28 years$23,625$17,362$12,549$8,942$6,298$5,267
29 years$22,565$16,379$11,678$8,200$5,687$4,718
30 years$21,577$15,468$10,877$7,525$5,139$4,229
31 years$20,655$14,623$10,141$6,912$4,646$3,793
32 years$19,792$13,836$9,461$6,352$4,202$3,403
33 years$18,983$13,103$8,834$5,841$3,803$3,055
34 years$18,223$12,419$8,254$5,374$3,443$2,743
35 years$17,509$11,779$7,717$4,947$3,119$2,464
36 years$16,835$11,180$7,219$4,556$2,826$2,214
37 years$16,200$10,618$6,757$4,198$2,561$1,990
38 years$15,599$10,091$6,328$3,869$2,322$1,789
39 years$15,031$9,596$5,928$3,568$2,106$1,609
40 years$14,492$9,130$5,556$3,291$1,910$1,447
41 years$13,981$8,690$5,210$3,036$1,733$1,301
42 years$13,495$8,277$4,887$2,802$1,572$1,171
43 years$13,034$7,886$4,586$2,587$1,427$1,053
44 years$12,594$7,517$4,305$2,388$1,295$948
45 years$12,176$7,168$4,042$2,206$1,176$853
46 years$11,776$6,838$3,796$2,037$1,068$768
47 years$11,395$6,526$3,567$1,882$969$691
48 years$11,031$6,230$3,352$1,739$880$622
49 years$10,683$5,949$3,150$1,607$800$560
50 years$10,349$5,683$2,962$1,486$726$504

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $10,600,000, adding $6,206 every year, while hoping to spend $35,112 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: 57/25/18 Blend
71$10,600,000$10,600,000$10,600,000$10,600,000
72$11,687,601$11,125,801$10,961,501$12,297,870
73$12,842,378$11,633,607$11,291,353$13,221,110
74$14,113,765$12,165,118$11,631,078$14,222,397
75$15,513,619$12,721,459$11,980,969$15,312,785
76$17,055,007$13,303,809$12,341,330$16,500,847
77$18,752,324$13,913,402$12,712,471$17,796,008
78$20,621,436$14,551,534$13,094,713$19,208,632
79$22,679,822$15,219,559$13,488,387$20,750,116
80$24,946,747$15,918,900$13,893,830$22,432,998
81$27,443,436$16,651,047$14,311,394$24,271,065
82$30,193,279$17,417,561$14,741,439$26,279,486
83$33,222,050$18,220,078$15,184,334$28,474,949
84$36,558,152$19,060,314$15,640,461$30,875,815
85$40,232,880$19,940,066$16,110,213$33,502,289
86$44,280,723$20,861,219$16,593,995$36,376,601
87$48,739,685$21,825,747$17,092,222$39,523,221
88$53,651,644$22,835,720$17,605,323$42,969,076
89$59,062,750$23,893,308$18,133,739$46,743,804
90$65,023,855$25,000,785$18,677,924$50,880,031
91$71,590,999$26,160,534$19,238,345$55,413,669
92$78,825,936$27,375,055$19,815,484$60,384,252
93$86,796,714$28,646,965$20,409,836$65,835,305
94$95,578,324$29,979,011$21,021,910$71,814,746
95$105,253,400$31,374,071$21,652,232$78,375,334
96$115,913,006$32,835,160$22,301,341$85,575,161
97$127,657,491$34,365,440$22,969,794$93,478,193
98$140,597,435$35,968,227$23,658,162$102,154,868
99$154,854,699$37,646,996$24,367,036$111,682,749
100$170,563,568$39,405,388$25,097,021$122,147,257