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

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$900,112$892,094$884,272$876,637$869,181$854,782
2 years$445,600$437,301$429,258$421,460$413,896$399,431
3 years$294,116$285,781$277,758$270,033$262,593$248,512
4 years$218,389$210,079$202,137$194,544$187,283$173,696
5 years$172,964$164,705$156,867$149,428$142,370$129,314
6 years$142,691$134,494$126,772$119,499$112,652$100,144
7 years$121,076$112,948$105,348$98,247$91,616$79,659
8 years$104,872$96,817$89,343$82,417$76,005$64,596
9 years$92,275$84,297$76,951$70,201$64,007$53,140
10 years$82,204$74,303$67,088$60,514$54,537$44,204
11 years$73,969$66,148$59,063$52,665$46,904$37,093
12 years$67,112$59,371$52,417$46,194$40,646$31,344
13 years$61,314$53,654$46,831$40,783$35,444$26,638
14 years$56,349$48,770$42,078$36,202$31,070$22,745
15 years$52,049$44,552$37,991$32,286$27,356$19,497
16 years$48,291$40,876$34,444$28,909$24,178$16,767
17 years$44,978$37,645$31,343$25,974$21,438$14,459
18 years$42,037$34,786$28,612$23,408$19,061$12,498
19 years$39,408$32,239$26,193$21,151$16,990$10,824
20 years$37,046$29,958$24,039$19,156$15,176$9,391
21 years$34,911$27,905$22,111$17,386$13,580$8,159
22 years$32,972$26,048$20,379$15,808$12,173$7,097
23 years$31,205$24,362$18,816$14,396$10,927$6,181
24 years$29,588$22,826$17,402$13,130$9,822$5,388
25 years$28,102$21,421$16,117$11,991$8,838$4,700
26 years$26,733$20,132$14,948$10,964$7,961$4,103
27 years$25,467$18,947$13,881$10,036$7,177$3,584
28 years$24,294$17,853$12,904$9,195$6,476$3,132
29 years$23,203$16,843$12,008$8,432$5,848$2,739
30 years$22,188$15,906$11,185$7,738$5,284$2,396
31 years$21,239$15,037$10,428$7,107$4,777$2,096
32 years$20,352$14,228$9,729$6,532$4,321$1,835
33 years$19,520$13,474$9,084$6,006$3,911$1,607
34 years$18,739$12,770$8,488$5,526$3,541$1,407
35 years$18,004$12,112$7,935$5,087$3,207$1,232
36 years$17,312$11,496$7,423$4,685$2,906$1,080
37 years$16,658$10,919$6,948$4,317$2,634$946
38 years$16,041$10,377$6,507$3,979$2,388$829
39 years$15,456$9,867$6,096$3,669$2,165$727
40 years$14,902$9,388$5,714$3,384$1,964$637
41 years$14,376$8,936$5,358$3,122$1,782$558
42 years$13,877$8,511$5,026$2,881$1,617$489
43 years$13,403$8,109$4,716$2,660$1,467$429
44 years$12,951$7,730$4,427$2,456$1,332$376
45 years$12,520$7,371$4,157$2,268$1,209$330
46 years$12,110$7,032$3,904$2,095$1,098$289
47 years$11,718$6,710$3,668$1,936$997$254
48 years$11,343$6,406$3,447$1,789$905$223
49 years$10,985$6,117$3,240$1,653$822$195
50 years$10,642$5,843$3,046$1,528$747$171

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 $6,225 every year, while hoping to spend $53,838 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: 63/30/7 Blend
71$10,900,000$10,900,000$10,900,000$10,900,000
72$12,018,221$11,440,521$11,271,571$12,759,022
73$13,186,796$11,943,823$11,591,886$13,757,059
74$14,472,762$12,469,983$11,921,126$14,839,401
75$15,888,035$13,020,063$12,259,535$16,019,713
76$17,445,746$13,595,178$12,607,360$17,307,477
77$19,160,363$14,196,492$12,964,858$18,713,125
78$21,047,828$14,825,228$13,332,289$20,248,127
79$23,125,707$15,482,666$13,709,921$21,925,102
80$25,413,357$16,170,144$14,098,031$23,757,930
81$27,932,105$16,889,066$14,496,901$25,761,879
82$30,705,452$17,640,904$14,906,820$27,953,751
83$33,759,296$18,427,196$15,328,086$30,352,029
84$37,122,171$19,249,555$15,761,004$32,977,055
85$40,825,522$20,109,673$16,205,887$35,851,213
86$44,903,996$21,009,318$16,663,055$38,999,140
87$49,395,775$21,950,345$17,132,838$42,447,949
88$54,342,929$22,934,697$17,615,573$46,227,486
89$59,791,819$23,964,409$18,111,607$50,370,602
90$65,793,533$25,041,613$18,621,294$54,913,462
91$72,404,364$26,168,543$19,144,998$59,895,878
92$79,686,347$27,347,539$19,683,093$65,361,683
93$87,707,839$28,581,053$20,235,961$71,359,132
94$96,544,168$29,871,654$20,803,995$77,941,361
95$106,278,341$31,222,034$21,387,598$85,166,875
96$117,001,831$32,635,012$21,987,181$93,100,097
97$128,815,434$34,113,544$22,603,168$101,811,965
98$141,830,226$35,660,725$23,235,992$111,380,603
99$156,168,609$37,279,800$23,886,097$121,892,043
100$171,965,465$38,974,169$24,553,940$133,441,029