Can I retire at age 72 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$900,112$892,094$884,272$876,637$869,181$862,619
2 years$445,600$437,301$429,258$421,460$413,896$407,280
3 years$294,116$285,781$277,758$270,033$262,593$256,128
4 years$218,389$210,079$202,137$194,544$187,283$181,020
5 years$172,964$164,705$156,867$149,428$142,370$136,325
6 years$142,691$134,494$126,772$119,499$112,652$106,835
7 years$121,076$112,948$105,348$98,247$91,616$86,029
8 years$104,872$96,817$89,343$82,417$76,005$70,647
9 years$92,275$84,297$76,951$70,201$64,007$58,877
10 years$82,204$74,303$67,088$60,514$54,537$49,633
11 years$73,969$66,148$59,063$52,665$46,904$42,222
12 years$67,112$59,371$52,417$46,194$40,646$36,181
13 years$61,314$53,654$46,831$40,783$35,444$31,192
14 years$56,349$48,770$42,078$36,202$31,070$27,026
15 years$52,049$44,552$37,991$32,286$27,356$23,515
16 years$48,291$40,876$34,444$28,909$24,178$20,532
17 years$44,978$37,645$31,343$25,974$21,438$17,982
18 years$42,037$34,786$28,612$23,408$19,061$15,790
19 years$39,408$32,239$26,193$21,151$16,990$13,896
20 years$37,046$29,958$24,039$19,156$15,176$12,253
21 years$34,911$27,905$22,111$17,386$13,580$10,822
22 years$32,972$26,048$20,379$15,808$12,173$9,572
23 years$31,205$24,362$18,816$14,396$10,927$8,478
24 years$29,588$22,826$17,402$13,130$9,822$7,517
25 years$28,102$21,421$16,117$11,991$8,838$6,672
26 years$26,733$20,132$14,948$10,964$7,961$5,926
27 years$25,467$18,947$13,881$10,036$7,177$5,269
28 years$24,294$17,853$12,904$9,195$6,476$4,687
29 years$23,203$16,843$12,008$8,432$5,848$4,172
30 years$22,188$15,906$11,185$7,738$5,284$3,715
31 years$21,239$15,037$10,428$7,107$4,777$3,311
32 years$20,352$14,228$9,729$6,532$4,321$2,951
33 years$19,520$13,474$9,084$6,006$3,911$2,632
34 years$18,739$12,770$8,488$5,526$3,541$2,347
35 years$18,004$12,112$7,935$5,087$3,207$2,095
36 years$17,312$11,496$7,423$4,685$2,906$1,869
37 years$16,658$10,919$6,948$4,317$2,634$1,669
38 years$16,041$10,377$6,507$3,979$2,388$1,490
39 years$15,456$9,867$6,096$3,669$2,165$1,331
40 years$14,902$9,388$5,714$3,384$1,964$1,189
41 years$14,376$8,936$5,358$3,122$1,782$1,062
42 years$13,877$8,511$5,026$2,881$1,617$949
43 years$13,403$8,109$4,716$2,660$1,467$848
44 years$12,951$7,730$4,427$2,456$1,332$758
45 years$12,520$7,371$4,157$2,268$1,209$677
46 years$12,110$7,032$3,904$2,095$1,098$605
47 years$11,718$6,710$3,668$1,936$997$541
48 years$11,343$6,406$3,447$1,789$905$484
49 years$10,985$6,117$3,240$1,653$822$432
50 years$10,642$5,843$3,046$1,528$747$387

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $10,900,000, adding $4,480 every year, while hoping to spend $20,605 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: 42/34/24 Blend
71$10,900,000$10,900,000$10,900,000$10,900,000
72$12,016,421$11,438,721$11,269,771$12,436,457
73$13,220,173$11,977,295$11,625,385$13,275,688
74$14,546,016$12,541,568$11,992,221$14,181,632
75$16,006,383$13,132,779$12,370,634$15,162,319
76$17,614,973$13,752,223$12,760,989$16,224,643
77$19,386,881$14,401,263$13,163,663$17,376,170
78$21,338,742$15,081,324$13,579,045$18,625,204
79$23,488,886$15,793,901$14,007,535$19,980,861
80$25,857,513$16,540,563$14,449,548$21,453,154
81$28,466,882$17,322,954$14,905,511$23,053,077
82$31,341,522$18,142,796$15,375,863$24,792,706
83$34,508,461$19,001,898$15,861,059$26,685,309
84$37,997,488$19,902,154$16,361,568$28,745,465
85$41,841,423$20,845,551$16,877,872$30,989,194
86$46,076,438$21,834,172$17,410,470$33,434,103
87$50,742,390$22,870,203$17,959,877$36,099,548
88$55,883,204$23,955,933$18,526,623$39,006,807
89$61,547,281$25,093,764$19,111,255$42,179,273
90$67,787,960$26,286,214$19,714,338$45,642,674
91$74,664,018$27,535,925$20,336,454$49,425,299
92$82,240,227$28,845,664$20,978,205$53,558,264
93$90,587,964$30,218,336$21,640,209$58,075,796
94$99,785,887$31,656,985$22,323,106$63,015,543
95$109,920,673$33,164,802$23,027,556$68,418,927
96$121,087,841$34,745,137$23,754,238$74,331,520
97$133,392,650$36,401,499$24,503,855$80,803,466
98$146,951,097$38,137,568$25,277,130$87,889,945
99$161,891,005$39,957,206$26,074,811$95,651,682
100$178,353,238$41,864,459$26,897,667$104,155,509