Can I retire at age 72 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$891,854$883,910$876,159$868,594$861,207$843,474
2 years$441,512$433,289$425,320$417,593$410,099$392,313
3 years$291,417$283,159$275,210$267,556$260,183$242,901
4 years$216,385$208,152$200,283$192,759$185,565$168,919
5 years$171,377$163,194$155,427$148,057$141,064$125,100
6 years$141,382$133,260$125,608$118,403$111,619$96,356
7 years$119,965$111,911$104,381$97,345$90,776$76,217
8 years$103,910$95,929$88,524$81,661$75,307$61,447
9 years$91,429$83,523$76,245$69,557$63,420$50,249
10 years$81,450$73,622$66,472$59,959$54,037$41,543
11 years$73,291$65,541$58,521$52,182$46,473$34,641
12 years$66,496$58,826$51,936$45,771$40,273$29,084
13 years$60,752$53,162$46,401$40,409$35,119$24,554
14 years$55,832$48,322$41,692$35,870$30,785$20,824
15 years$51,572$44,143$37,642$31,990$27,105$17,727
16 years$47,848$40,501$34,128$28,644$23,956$15,138
17 years$44,566$37,300$31,055$25,736$21,241$12,962
18 years$41,651$34,467$28,349$23,193$18,886$11,122
19 years$39,047$31,943$25,953$20,957$16,834$9,562
20 years$36,706$29,683$23,818$18,981$15,036$8,234
21 years$34,590$27,649$21,908$17,226$13,456$7,099
22 years$32,670$25,809$20,192$15,663$12,061$6,128
23 years$30,919$24,139$18,643$14,264$10,827$5,296
24 years$29,316$22,616$17,242$13,010$9,731$4,580
25 years$27,844$21,224$15,970$11,881$8,757$3,964
26 years$26,487$19,948$14,811$10,864$7,888$3,433
27 years$25,233$18,773$13,753$9,944$7,112$2,974
28 years$24,071$17,690$12,785$9,111$6,417$2,579
29 years$22,991$16,688$11,898$8,355$5,794$2,236
30 years$21,984$15,760$11,082$7,667$5,235$1,940
31 years$21,044$14,899$10,332$7,042$4,733$1,684
32 years$20,165$14,097$9,640$6,472$4,282$1,462
33 years$19,341$13,350$9,001$5,951$3,875$1,269
34 years$18,567$12,653$8,410$5,476$3,508$1,102
35 years$17,839$12,001$7,863$5,041$3,178$957
36 years$17,153$11,391$7,355$4,642$2,879$832
37 years$16,505$10,819$6,884$4,277$2,609$722
38 years$15,893$10,282$6,447$3,942$2,366$628
39 years$15,314$9,777$6,040$3,635$2,145$546
40 years$14,765$9,302$5,661$3,353$1,946$474
41 years$14,245$8,854$5,309$3,093$1,765$412
42 years$13,750$8,433$4,980$2,855$1,602$358
43 years$13,280$8,035$4,673$2,635$1,454$311
44 years$12,832$7,659$4,386$2,433$1,320$271
45 years$12,405$7,303$4,118$2,247$1,198$235
46 years$11,998$6,967$3,868$2,076$1,088$205
47 years$11,610$6,649$3,634$1,918$988$178
48 years$11,239$6,347$3,415$1,772$897$155
49 years$10,884$6,061$3,210$1,638$815$134
50 years$10,545$5,790$3,018$1,514$740$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $10,800,000, adding $3,450 every year, while hoping to spend $32,881 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: 48/36/16 Blend
71$10,800,000$10,800,000$10,800,000$10,800,000
72$11,905,159$11,332,759$11,165,359$12,423,103
73$13,084,500$11,853,079$11,504,413$13,302,261
74$14,383,032$12,397,792$11,853,724$14,252,679
75$15,812,877$12,968,060$12,213,600$15,283,957
76$17,387,394$13,565,099$12,584,359$16,403,672
77$19,121,302$14,190,183$12,966,329$17,620,147
78$21,030,821$14,844,648$13,359,847$18,942,520
79$23,133,825$15,529,895$13,765,262$20,380,834
80$25,450,007$16,247,393$14,182,930$21,946,118
81$28,001,071$16,998,678$14,613,221$23,650,496
82$30,810,930$17,785,363$15,056,515$25,507,288
83$33,905,939$18,609,140$15,513,202$27,531,137
84$37,315,136$19,471,779$15,983,685$29,738,140
85$41,070,520$20,375,137$16,468,379$32,145,993
86$45,207,355$21,321,160$16,967,712$34,774,154
87$49,764,498$22,311,890$17,482,123$37,644,021
88$54,784,769$23,349,464$18,012,065$40,779,127
89$60,315,352$24,436,124$18,558,006$44,205,353
90$66,408,244$25,574,221$19,120,426$47,951,172
91$73,120,744$26,766,217$19,699,820$52,047,905
92$80,515,994$28,014,695$20,296,697$56,530,010
93$88,663,572$29,322,362$20,911,583$61,435,400
94$97,640,154$30,692,056$21,545,019$66,805,797
95$107,530,233$32,126,750$22,197,561$72,687,108
96$118,426,921$33,629,565$22,869,783$79,129,858
97$130,432,822$35,203,768$23,562,275$86,189,654
98$143,661,004$36,852,788$24,275,647$93,927,699
99$158,236,069$38,580,216$25,010,523$102,411,362
100$174,295,321$40,389,821$25,767,549$111,714,803