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%13.6%
1 years$891,854$883,910$876,159$868,594$861,207$848,337
2 years$441,512$433,289$425,320$417,593$410,099$397,162
3 years$291,417$283,159$275,210$267,556$260,183$247,582
4 years$216,385$208,152$200,283$192,759$185,565$173,396
5 years$171,377$163,194$155,427$148,057$141,064$129,362
6 years$141,382$133,260$125,608$118,403$111,619$100,398
7 years$119,965$111,911$104,381$97,345$90,776$80,040
8 years$103,910$95,929$88,524$81,661$75,307$65,055
9 years$91,429$83,523$76,245$69,557$63,420$53,645
10 years$81,450$73,622$66,472$59,959$54,037$44,733
11 years$73,291$65,541$58,521$52,182$46,473$37,631
12 years$66,496$58,826$51,936$45,771$40,273$31,881
13 years$60,752$53,162$46,401$40,409$35,119$27,165
14 years$55,832$48,322$41,692$35,870$30,785$23,258
15 years$51,572$44,143$37,642$31,990$27,105$19,991
16 years$47,848$40,501$34,128$28,644$23,956$17,240
17 years$44,566$37,300$31,055$25,736$21,241$14,909
18 years$41,651$34,467$28,349$23,193$18,886$12,924
19 years$39,047$31,943$25,953$20,957$16,834$11,227
20 years$36,706$29,683$23,818$18,981$15,036$9,769
21 years$34,590$27,649$21,908$17,226$13,456$8,513
22 years$32,670$25,809$20,192$15,663$12,061$7,428
23 years$30,919$24,139$18,643$14,264$10,827$6,489
24 years$29,316$22,616$17,242$13,010$9,731$5,674
25 years$27,844$21,224$15,970$11,881$8,757$4,965
26 years$26,487$19,948$14,811$10,864$7,888$4,348
27 years$25,233$18,773$13,753$9,944$7,112$3,811
28 years$24,071$17,690$12,785$9,111$6,417$3,341
29 years$22,991$16,688$11,898$8,355$5,794$2,931
30 years$21,984$15,760$11,082$7,667$5,235$2,572
31 years$21,044$14,899$10,332$7,042$4,733$2,258
32 years$20,165$14,097$9,640$6,472$4,282$1,983
33 years$19,341$13,350$9,001$5,951$3,875$1,742
34 years$18,567$12,653$8,410$5,476$3,508$1,531
35 years$17,839$12,001$7,863$5,041$3,178$1,346
36 years$17,153$11,391$7,355$4,642$2,879$1,183
37 years$16,505$10,819$6,884$4,277$2,609$1,040
38 years$15,893$10,282$6,447$3,942$2,366$914
39 years$15,314$9,777$6,040$3,635$2,145$804
40 years$14,765$9,302$5,661$3,353$1,946$707
41 years$14,245$8,854$5,309$3,093$1,765$622
42 years$13,750$8,433$4,980$2,855$1,602$547
43 years$13,280$8,035$4,673$2,635$1,454$482
44 years$12,832$7,659$4,386$2,433$1,320$424
45 years$12,405$7,303$4,118$2,247$1,198$373
46 years$11,998$6,967$3,868$2,076$1,088$328
47 years$11,610$6,649$3,634$1,918$988$289
48 years$11,239$6,347$3,415$1,772$897$254
49 years$10,884$6,061$3,210$1,638$815$224
50 years$10,545$5,790$3,018$1,514$740$197

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 $5,725 every year, while hoping to spend $28,264 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: 47/28/25 Blend
71$10,800,000$10,800,000$10,800,000$10,800,000
72$11,907,505$11,335,105$11,167,705$12,381,763
73$13,091,998$11,860,453$11,511,751$13,240,977
74$14,396,362$12,410,595$11,866,374$14,169,839
75$15,832,794$12,986,717$12,231,901$15,177,554
76$17,414,734$13,590,061$12,608,665$16,271,535
77$19,156,992$14,221,930$12,997,010$17,459,924
78$21,075,888$14,883,687$13,397,293$18,751,667
79$23,189,406$15,576,764$13,809,879$20,156,592
80$25,517,361$16,302,662$14,235,146$21,685,502
81$28,081,590$17,062,951$14,673,482$23,350,269
82$30,906,157$17,859,280$15,125,288$25,163,943
83$34,017,577$18,693,377$15,590,978$27,140,874
84$37,445,071$19,567,053$16,070,976$29,296,836
85$41,220,836$20,482,207$16,565,722$31,649,178
86$45,380,356$21,440,829$17,075,668$34,216,979
87$49,962,728$22,445,006$17,601,279$37,021,224
88$55,011,040$23,496,925$18,143,035$40,084,995
89$60,572,771$24,598,880$18,701,432$43,433,686
90$66,700,244$25,753,274$19,276,980$47,095,234
91$73,451,113$26,962,629$19,870,203$51,100,377
92$80,888,915$28,229,587$20,481,644$55,482,940
93$89,083,666$29,556,918$21,111,860$60,280,145
94$98,112,520$30,947,527$21,761,427$65,532,955
95$108,060,500$32,404,459$22,430,938$71,286,453
96$119,021,300$33,930,906$23,121,003$77,590,265
97$131,098,168$35,530,216$23,832,253$84,499,012
98$144,404,883$37,205,898$24,565,335$92,072,823
99$159,066,825$38,961,632$25,320,918$100,377,891
100$175,222,164$40,801,275$26,099,692$109,487,092