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%12.8%
1 years$900,112$892,094$884,272$876,637$869,181$859,032
2 years$445,600$437,301$429,258$421,460$413,896$403,681
3 years$294,116$285,781$277,758$270,033$262,593$252,628
4 years$218,389$210,079$202,137$194,544$187,283$177,646
5 years$172,964$164,705$156,867$149,428$142,370$133,089
6 years$142,691$134,494$126,772$119,499$112,652$103,738
7 years$121,076$112,948$105,348$98,247$91,616$83,073
8 years$104,872$96,817$89,343$82,417$76,005$67,831
9 years$92,275$84,297$76,951$70,201$64,007$56,200
10 years$82,204$74,303$67,088$60,514$54,537$47,091
11 years$73,969$66,148$59,063$52,665$46,904$39,813
12 years$67,112$59,371$52,417$46,194$40,646$33,902
13 years$61,314$53,654$46,831$40,783$35,444$29,039
14 years$56,349$48,770$42,078$36,202$31,070$24,995
15 years$52,049$44,552$37,991$32,286$27,356$21,601
16 years$48,291$40,876$34,444$28,909$24,178$18,732
17 years$44,978$37,645$31,343$25,974$21,438$16,292
18 years$42,037$34,786$28,612$23,408$19,061$14,204
19 years$39,408$32,239$26,193$21,151$16,990$12,411
20 years$37,046$29,958$24,039$19,156$15,176$10,863
21 years$34,911$27,905$22,111$17,386$13,580$9,524
22 years$32,972$26,048$20,379$15,808$12,173$8,361
23 years$31,205$24,362$18,816$14,396$10,927$7,349
24 years$29,588$22,826$17,402$13,130$9,822$6,466
25 years$28,102$21,421$16,117$11,991$8,838$5,694
26 years$26,733$20,132$14,948$10,964$7,961$5,018
27 years$25,467$18,947$13,881$10,036$7,177$4,426
28 years$24,294$17,853$12,904$9,195$6,476$3,906
29 years$23,203$16,843$12,008$8,432$5,848$3,449
30 years$22,188$15,906$11,185$7,738$5,284$3,047
31 years$21,239$15,037$10,428$7,107$4,777$2,692
32 years$20,352$14,228$9,729$6,532$4,321$2,380
33 years$19,520$13,474$9,084$6,006$3,911$2,105
34 years$18,739$12,770$8,488$5,526$3,541$1,862
35 years$18,004$12,112$7,935$5,087$3,207$1,648
36 years$17,312$11,496$7,423$4,685$2,906$1,458
37 years$16,658$10,919$6,948$4,317$2,634$1,291
38 years$16,041$10,377$6,507$3,979$2,388$1,143
39 years$15,456$9,867$6,096$3,669$2,165$1,012
40 years$14,902$9,388$5,714$3,384$1,964$896
41 years$14,376$8,936$5,358$3,122$1,782$794
42 years$13,877$8,511$5,026$2,881$1,617$703
43 years$13,403$8,109$4,716$2,660$1,467$623
44 years$12,951$7,730$4,427$2,456$1,332$552
45 years$12,520$7,371$4,157$2,268$1,209$489
46 years$12,110$7,032$3,904$2,095$1,098$433
47 years$11,718$6,710$3,668$1,936$997$384
48 years$11,343$6,406$3,447$1,789$905$340
49 years$10,985$6,117$3,240$1,653$822$301
50 years$10,642$5,843$3,046$1,528$747$267

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 $6,147 every year, while hoping to spend $28,648 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: 46/24/30 Blend
71$10,900,000$10,900,000$10,900,000$10,900,000
72$12,018,141$11,440,441$11,271,491$12,466,771
73$13,213,510$11,970,541$11,618,604$13,316,339
74$14,529,846$12,525,656$11,976,386$14,234,368
75$15,979,459$13,106,981$12,345,163$15,229,968
76$17,575,910$13,715,770$12,725,273$16,310,433
77$19,334,146$14,353,336$13,117,062$17,483,778
78$21,270,635$15,021,055$13,520,890$18,758,809
79$23,403,524$15,720,371$13,937,124$20,145,204
80$25,752,811$16,452,797$14,366,146$21,653,598
81$28,340,533$17,219,920$14,808,347$23,295,683
82$31,190,972$18,023,400$15,264,131$25,084,312
83$34,330,887$18,864,982$15,733,915$27,033,618
84$37,789,763$19,746,492$16,218,127$29,159,140
85$41,600,094$20,669,846$16,717,209$31,477,971
86$45,797,686$21,637,051$17,231,618$34,008,906
87$50,421,996$22,650,211$17,761,823$36,772,623
88$55,516,502$23,711,535$18,308,307$39,791,868
89$61,129,120$24,823,334$18,871,570$43,091,667
90$67,312,647$25,988,035$19,452,125$46,699,556
91$74,125,268$27,208,179$20,050,501$50,645,831
92$81,631,098$28,486,433$20,667,245$54,963,836
93$89,900,791$29,825,589$21,302,920$59,690,265
94$99,012,208$31,228,579$21,958,104$64,865,504
95$109,051,148$32,698,475$22,633,395$70,534,005
96$120,112,160$34,238,495$23,329,409$76,744,698
97$132,299,436$35,852,017$24,046,779$83,551,448
98$145,727,793$37,542,580$24,786,161$91,013,551
99$160,523,757$39,313,896$25,548,227$99,196,290
100$176,826,760$41,169,856$26,333,672$108,171,539