Can I retire at age 72 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$883,596$875,725$868,047$860,552$853,233$839,098
2 years$437,424$429,277$421,382$413,727$406,301$392,102
3 years$288,719$280,537$272,662$265,079$257,774$243,952
4 years$214,381$206,225$198,428$190,974$183,847$170,509
5 years$169,790$161,683$153,988$146,687$139,757$126,942
6 years$140,073$132,026$124,445$117,306$110,585$98,307
7 years$118,854$110,875$103,415$96,444$89,935$78,198
8 years$102,948$95,041$87,704$80,905$74,610$63,411
9 years$90,582$82,750$75,539$68,913$62,833$52,165
10 years$80,696$72,940$65,857$59,403$53,536$43,393
11 years$72,612$64,934$57,979$51,699$46,043$36,412
12 years$65,881$58,281$51,455$45,347$39,900$30,769
13 years$60,189$52,669$45,972$40,034$34,794$26,149
14 years$55,315$47,875$41,306$35,538$30,500$22,328
15 years$51,094$43,735$37,294$31,694$26,854$19,139
16 years$47,405$40,126$33,812$28,378$23,734$16,459
17 years$44,153$36,954$30,768$25,498$21,044$14,194
18 years$41,266$34,147$28,087$22,979$18,712$12,269
19 years$38,685$31,648$25,712$20,763$16,678$10,626
20 years$36,366$29,408$23,597$18,805$14,897$9,218
21 years$34,270$27,393$21,705$17,067$13,331$8,009
22 years$32,367$25,570$20,005$15,518$11,950$6,967
23 years$30,633$23,915$18,471$14,132$10,727$6,067
24 years$29,045$22,407$17,082$12,889$9,641$5,289
25 years$27,586$21,028$15,822$11,771$8,676$4,614
26 years$26,242$19,763$14,674$10,763$7,815$4,028
27 years$25,000$18,599$13,626$9,852$7,046$3,518
28 years$23,848$17,526$12,667$9,026$6,357$3,075
29 years$22,778$16,534$11,788$8,277$5,741$2,689
30 years$21,781$15,614$10,980$7,596$5,187$2,352
31 years$20,850$14,761$10,236$6,977$4,690$2,058
32 years$19,979$13,967$9,551$6,412$4,242$1,801
33 years$19,162$13,227$8,917$5,896$3,839$1,577
34 years$18,395$12,536$8,332$5,425$3,476$1,381
35 years$17,674$11,890$7,790$4,994$3,148$1,210
36 years$16,994$11,285$7,287$4,599$2,852$1,060
37 years$16,353$10,718$6,821$4,238$2,585$929
38 years$15,746$10,186$6,387$3,906$2,344$814
39 years$15,172$9,686$5,984$3,602$2,125$713
40 years$14,629$9,216$5,609$3,322$1,928$625
41 years$14,113$8,772$5,259$3,065$1,749$548
42 years$13,623$8,355$4,933$2,828$1,587$481
43 years$13,157$7,960$4,629$2,611$1,440$421
44 years$12,713$7,588$4,345$2,411$1,307$369
45 years$12,290$7,236$4,080$2,226$1,187$324
46 years$11,887$6,903$3,832$2,057$1,078$284
47 years$11,503$6,587$3,600$1,900$979$249
48 years$11,135$6,288$3,383$1,756$889$218
49 years$10,783$6,005$3,180$1,623$807$192
50 years$10,447$5,736$2,990$1,500$733$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $10,700,000, adding $2,884 every year, while hoping to spend $25,511 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: 72/7/21 Blend
71$10,700,000$10,700,000$10,700,000$10,700,000
72$11,794,375$11,227,275$11,061,425$12,583,014
73$12,970,258$11,750,268$11,404,839$13,631,470
74$14,265,225$12,298,032$11,758,903$14,776,088
75$15,691,398$12,871,756$12,123,945$16,029,099
76$17,262,130$13,472,681$12,500,307$17,401,267
77$18,992,139$14,102,114$12,888,339$18,904,440
78$20,897,640$14,761,421$13,288,402$20,551,663
79$22,996,505$15,452,036$13,700,868$22,357,301
80$25,308,423$16,175,461$14,126,123$24,337,172
81$27,855,095$16,933,271$14,564,560$26,508,695
82$30,660,432$17,727,118$15,016,590$28,891,052
83$33,750,783$18,558,734$15,482,633$31,505,368
84$37,155,183$19,429,932$15,963,122$34,374,908
85$40,905,630$20,342,617$16,458,504$37,525,297
86$45,037,382$21,298,783$16,969,242$40,984,758
87$49,589,293$22,300,521$17,495,809$44,784,375
88$54,604,179$23,350,025$18,038,697$48,958,387
89$60,129,222$24,449,593$18,598,410$53,544,510
90$66,216,414$25,601,635$19,175,469$58,584,286
91$72,923,052$26,808,678$19,770,410$64,123,479
92$80,312,273$28,073,373$20,383,788$70,212,499
93$88,453,653$29,398,496$21,016,173$76,906,878
94$97,423,863$30,786,961$21,668,153$84,267,793
95$107,307,396$32,241,820$22,340,335$92,362,637
96$118,197,357$33,766,276$23,033,342$101,265,657
97$130,196,349$35,363,685$23,747,821$111,058,649
98$143,417,438$37,037,567$24,484,435$121,831,725
99$157,985,222$38,791,613$25,243,869$133,684,167
100$174,037,005$40,629,693$26,026,828$146,725,354