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

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$883,596$875,725$868,047$860,552$853,233$834,982
2 years$437,424$429,277$421,382$413,727$406,301$388,003
3 years$288,719$280,537$272,662$265,079$257,774$239,999
4 years$214,381$206,225$198,428$190,974$183,847$166,732
5 years$169,790$161,683$153,988$146,687$139,757$123,351
6 years$140,073$132,026$124,445$117,306$110,585$94,905
7 years$118,854$110,875$103,415$96,444$89,935$74,985
8 years$102,948$95,041$87,704$80,905$74,610$60,384
9 years$90,582$82,750$75,539$68,913$62,833$49,320
10 years$80,696$72,940$65,857$59,403$53,536$40,725
11 years$72,612$64,934$57,979$51,699$46,043$33,915
12 years$65,881$58,281$51,455$45,347$39,900$28,438
13 years$60,189$52,669$45,972$40,034$34,794$23,977
14 years$55,315$47,875$41,306$35,538$30,500$20,307
15 years$51,094$43,735$37,294$31,694$26,854$17,263
16 years$47,405$40,126$33,812$28,378$23,734$14,721
17 years$44,153$36,954$30,768$25,498$21,044$12,586
18 years$41,266$34,147$28,087$22,979$18,712$10,784
19 years$38,685$31,648$25,712$20,763$16,678$9,258
20 years$36,366$29,408$23,597$18,805$14,897$7,960
21 years$34,270$27,393$21,705$17,067$13,331$6,853
22 years$32,367$25,570$20,005$15,518$11,950$5,906
23 years$30,633$23,915$18,471$14,132$10,727$5,096
24 years$29,045$22,407$17,082$12,889$9,641$4,400
25 years$27,586$21,028$15,822$11,771$8,676$3,802
26 years$26,242$19,763$14,674$10,763$7,815$3,287
27 years$25,000$18,599$13,626$9,852$7,046$2,844
28 years$23,848$17,526$12,667$9,026$6,357$2,461
29 years$22,778$16,534$11,788$8,277$5,741$2,131
30 years$21,781$15,614$10,980$7,596$5,187$1,846
31 years$20,850$14,761$10,236$6,977$4,690$1,599
32 years$19,979$13,967$9,551$6,412$4,242$1,386
33 years$19,162$13,227$8,917$5,896$3,839$1,201
34 years$18,395$12,536$8,332$5,425$3,476$1,042
35 years$17,674$11,890$7,790$4,994$3,148$903
36 years$16,994$11,285$7,287$4,599$2,852$783
37 years$16,353$10,718$6,821$4,238$2,585$679
38 years$15,746$10,186$6,387$3,906$2,344$589
39 years$15,172$9,686$5,984$3,602$2,125$511
40 years$14,629$9,216$5,609$3,322$1,928$444
41 years$14,113$8,772$5,259$3,065$1,749$385
42 years$13,623$8,355$4,933$2,828$1,587$334
43 years$13,157$7,960$4,629$2,611$1,440$290
44 years$12,713$7,588$4,345$2,411$1,307$251
45 years$12,290$7,236$4,080$2,226$1,187$218
46 years$11,887$6,903$3,832$2,057$1,078$189
47 years$11,503$6,587$3,600$1,900$979$164
48 years$11,135$6,288$3,383$1,756$889$143
49 years$10,783$6,005$3,180$1,623$807$124
50 years$10,447$5,736$2,990$1,500$733$107

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 $6,365 every year, while hoping to spend $58,476 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: 87/7/6 Blend
71$10,700,000$10,700,000$10,700,000$10,700,000
72$11,797,965$11,230,865$11,065,015$12,821,387
73$12,939,140$11,718,960$11,373,476$13,976,923
74$14,194,754$12,229,011$11,690,309$15,238,015
75$15,576,420$12,762,033$12,015,735$16,622,183
76$17,096,930$13,319,088$12,349,977$18,141,784
77$18,770,381$13,901,288$12,693,266$19,810,430
78$20,612,305$14,509,796$13,045,836$21,643,111
79$22,639,817$15,145,833$13,407,928$23,656,341
80$24,871,775$15,810,675$13,779,790$25,868,309
81$27,328,957$16,505,659$14,161,674$28,299,050
82$30,034,260$17,232,186$14,553,840$30,970,636
83$33,012,913$17,991,722$14,956,552$33,907,379
84$36,292,716$18,785,802$15,370,082$37,136,061
85$39,904,303$19,616,036$15,794,709$40,686,188
86$43,881,427$20,484,107$16,230,718$44,590,264
87$48,261,286$21,391,781$16,678,399$48,884,097
88$53,084,864$22,340,905$17,138,053$53,607,137
89$58,397,327$23,333,416$17,609,984$58,802,845
90$64,248,441$24,371,341$18,094,506$64,519,106
91$70,693,049$25,456,803$18,591,938$70,808,673
92$77,791,581$26,592,028$19,102,610$77,729,669
93$85,610,631$27,779,346$19,626,856$85,346,131
94$94,223,580$29,021,199$20,165,020$93,728,614
95$103,711,291$30,320,143$20,717,454$102,954,853
96$114,162,870$31,678,858$21,284,516$113,110,500
97$125,676,511$33,100,150$21,866,576$124,289,924
98$138,360,418$34,586,960$22,464,009$136,597,104
99$152,333,828$36,142,368$23,077,200$150,146,610
100$167,728,136$37,769,601$23,706,544$165,064,675