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%17.7%
1 years$883,596$875,725$868,047$860,552$853,233$826,582
2 years$437,424$429,277$421,382$413,727$406,301$379,689
3 years$288,719$280,537$272,662$265,079$257,774$232,034
4 years$214,381$206,225$198,428$190,974$183,847$159,177
5 years$169,790$161,683$153,988$146,687$139,757$116,224
6 years$140,073$132,026$124,445$117,306$110,585$88,208
7 years$118,854$110,875$103,415$96,444$89,935$68,713
8 years$102,948$95,041$87,704$80,905$74,610$54,529
9 years$90,582$82,750$75,539$68,913$62,833$43,870
10 years$80,696$72,940$65,857$59,403$53,536$35,664
11 years$72,612$64,934$57,979$51,699$46,043$29,230
12 years$65,881$58,281$51,455$45,347$39,900$24,110
13 years$60,189$52,669$45,972$40,034$34,794$19,989
14 years$55,315$47,875$41,306$35,538$30,500$16,641
15 years$51,094$43,735$37,294$31,694$26,854$13,901
16 years$47,405$40,126$33,812$28,378$23,734$11,644
17 years$44,153$36,954$30,768$25,498$21,044$9,776
18 years$41,266$34,147$28,087$22,979$18,712$8,223
19 years$38,685$31,648$25,712$20,763$16,678$6,928
20 years$36,366$29,408$23,597$18,805$14,897$5,844
21 years$34,270$27,393$21,705$17,067$13,331$4,936
22 years$32,367$25,570$20,005$15,518$11,950$4,172
23 years$30,633$23,915$18,471$14,132$10,727$3,530
24 years$29,045$22,407$17,082$12,889$9,641$2,988
25 years$27,586$21,028$15,822$11,771$8,676$2,531
26 years$26,242$19,763$14,674$10,763$7,815$2,145
27 years$25,000$18,599$13,626$9,852$7,046$1,818
28 years$23,848$17,526$12,667$9,026$6,357$1,542
29 years$22,778$16,534$11,788$8,277$5,741$1,308
30 years$21,781$15,614$10,980$7,596$5,187$1,110
31 years$20,850$14,761$10,236$6,977$4,690$942
32 years$19,979$13,967$9,551$6,412$4,242$799
33 years$19,162$13,227$8,917$5,896$3,839$679
34 years$18,395$12,536$8,332$5,425$3,476$576
35 years$17,674$11,890$7,790$4,994$3,148$489
36 years$16,994$11,285$7,287$4,599$2,852$415
37 years$16,353$10,718$6,821$4,238$2,585$353
38 years$15,746$10,186$6,387$3,906$2,344$300
39 years$15,172$9,686$5,984$3,602$2,125$255
40 years$14,629$9,216$5,609$3,322$1,928$216
41 years$14,113$8,772$5,259$3,065$1,749$184
42 years$13,623$8,355$4,933$2,828$1,587$156
43 years$13,157$7,960$4,629$2,611$1,440$133
44 years$12,713$7,588$4,345$2,411$1,307$113
45 years$12,290$7,236$4,080$2,226$1,187$96
46 years$11,887$6,903$3,832$2,057$1,078$81
47 years$11,503$6,587$3,600$1,900$979$69
48 years$11,135$6,288$3,383$1,756$889$59
49 years$10,783$6,005$3,180$1,623$807$50
50 years$10,447$5,736$2,990$1,500$733$42

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 $6,332 every year, while hoping to spend $48,869 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: 66/22/12 Blend
71$10,700,000$10,700,000$10,700,000$10,700,000
72$11,797,931$11,230,831$11,064,981$12,544,465
73$12,949,324$11,729,146$11,383,662$13,541,227
74$14,216,521$12,250,240$11,711,381$14,623,920
75$15,611,283$12,795,178$12,048,388$15,806,054
76$17,146,567$13,365,076$12,394,943$17,097,341
77$18,836,653$13,961,100$12,751,310$18,508,469
78$20,697,274$14,584,476$13,117,761$20,051,197
79$22,745,765$15,236,485$13,494,575$21,738,466
80$25,001,230$15,918,469$13,882,040$23,584,514
81$27,484,716$16,631,835$14,280,449$25,605,013
82$30,219,420$17,378,058$14,690,107$27,817,208
83$33,230,898$18,158,680$15,111,322$30,240,085
84$36,547,313$18,975,319$15,544,415$32,894,540
85$40,199,698$19,829,669$15,989,713$35,803,575
86$44,222,251$20,723,506$16,447,552$38,992,514
87$48,652,653$21,658,690$16,918,277$42,489,236
88$53,532,427$22,637,170$17,402,243$46,324,437
89$58,907,331$23,660,987$17,899,814$50,531,911
90$64,827,784$24,732,281$18,411,363$55,148,871
91$71,349,348$25,853,293$18,937,274$60,216,294
92$78,533,250$27,026,372$19,477,941$65,779,301
93$86,446,957$28,253,980$20,033,768$71,887,582
94$95,164,817$29,538,695$20,605,169$78,595,858
95$104,768,757$30,883,220$21,192,571$85,964,392
96$115,349,058$32,290,386$21,796,410$94,059,557
97$127,005,207$33,763,160$22,417,135$102,954,451
98$139,846,836$35,304,653$23,055,207$112,729,587
99$153,994,755$36,918,122$23,711,097$123,473,643
100$169,582,093$38,606,983$24,385,292$135,284,296