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

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 $10,000,000?

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%
1 years$825,791$818,435$811,258$804,254$797,414$783,881
2 years$408,807$401,194$393,815$386,660$379,721$366,129
3 years$269,831$262,184$254,824$247,737$240,911$227,682
4 years$200,356$192,733$185,447$178,481$171,819$159,056
5 years$158,683$151,105$143,914$137,090$130,614$118,353
6 years$130,909$123,389$116,304$109,632$103,351$91,606
7 years$111,079$103,622$96,649$90,135$84,052$72,827
8 years$96,213$88,823$81,966$75,612$69,729$59,021
9 years$84,656$77,336$70,598$64,404$58,722$48,526
10 years$75,417$68,168$61,549$55,517$50,034$40,340
11 years$67,862$60,686$54,186$48,317$43,031$33,829
12 years$61,571$54,469$48,089$42,380$37,290$28,568
13 years$56,251$49,224$42,964$37,415$32,517$24,263
14 years$51,696$44,743$38,604$33,213$28,505$20,703
15 years$47,752$40,874$34,854$29,620$25,098$17,734
16 years$44,304$37,501$31,600$26,522$22,181$15,240
17 years$41,265$34,537$28,755$23,830$19,668$13,133
18 years$38,566$31,914$26,250$21,475$17,487$11,344
19 years$36,155$29,577$24,030$19,405$15,587$9,817
20 years$33,987$27,484$22,054$17,575$13,923$8,511
21 years$32,028$25,601$20,285$15,950$12,459$7,389
22 years$30,250$23,897$18,696$14,502$11,168$6,423
23 years$28,629$22,351$17,262$13,208$10,025$5,589
24 years$27,145$20,941$15,965$12,046$9,011$4,868
25 years$25,782$19,652$14,787$11,001$8,108$4,243
26 years$24,525$18,470$13,714$10,059$7,304$3,701
27 years$23,364$17,382$12,734$9,207$6,585$3,230
28 years$22,288$16,379$11,838$8,436$5,942$2,821
29 years$21,288$15,452$11,017$7,736$5,365$2,465
30 years$20,356$14,593$10,262$7,099$4,848$2,154
31 years$19,486$13,795$9,567$6,520$4,383$1,883
32 years$18,672$13,053$8,926$5,992$3,965$1,647
33 years$17,909$12,361$8,334$5,510$3,588$1,441
34 years$17,192$11,716$7,787$5,070$3,248$1,261
35 years$16,518$11,112$7,280$4,667$2,942$1,104
36 years$15,882$10,547$6,810$4,298$2,666$966
37 years$15,283$10,017$6,374$3,960$2,416$846
38 years$14,716$9,520$5,969$3,650$2,190$740
39 years$14,180$9,053$5,593$3,366$1,986$648
40 years$13,672$8,613$5,242$3,105$1,802$568
41 years$13,189$8,199$4,915$2,864$1,635$497
42 years$12,731$7,808$4,611$2,643$1,483$436
43 years$12,296$7,439$4,327$2,440$1,346$382
44 years$11,881$7,091$4,061$2,253$1,222$334
45 years$11,486$6,762$3,813$2,081$1,109$293
46 years$11,110$6,451$3,582$1,922$1,007$257
47 years$10,750$6,156$3,365$1,776$914$225
48 years$10,406$5,877$3,162$1,641$830$197
49 years$10,078$5,612$2,972$1,516$754$173
50 years$9,763$5,361$2,794$1,402$685$151

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $10,000,000, adding $4,163 every year, while hoping to spend $38,717 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: 35/46/19 Blend
71$10,000,000$10,000,000$10,000,000$10,000,000
72$11,024,294$10,494,294$10,339,294$11,345,985
73$12,107,578$10,967,320$10,644,466$12,054,925
74$13,300,058$11,462,226$10,958,563$12,815,439
75$14,612,833$11,980,045$11,281,844$13,635,212
76$16,058,131$12,521,856$11,614,575$14,519,534
77$17,649,425$13,088,791$11,957,028$15,474,203
78$19,401,562$13,682,037$12,309,483$16,505,572
79$21,330,901$14,302,837$12,672,231$17,620,608
80$23,455,470$14,952,493$13,045,568$18,826,951
81$25,795,133$15,632,370$13,429,799$20,132,980
82$28,371,778$16,343,898$13,825,240$21,547,891
83$31,209,526$17,088,576$14,232,211$23,081,773
84$34,334,955$17,867,973$14,651,047$24,745,700
85$37,777,352$18,683,735$15,082,089$26,551,830
86$41,568,991$19,537,587$15,525,688$28,513,512
87$45,745,435$20,431,336$15,982,206$30,645,405
88$50,345,873$21,366,875$16,452,013$32,963,612
89$55,413,489$22,346,189$16,935,493$35,485,823
90$60,995,871$23,371,359$17,433,039$38,231,471
91$67,145,458$24,444,563$17,945,053$41,221,914
92$73,920,034$25,568,087$18,471,952$44,480,624
93$81,383,279$26,744,324$19,014,163$48,033,401
94$89,605,361$27,975,783$19,572,126$51,908,607
95$98,663,607$29,265,096$20,146,291$56,137,424
96$108,643,226$30,615,017$20,737,123$60,754,139
97$119,638,119$32,028,436$21,345,100$65,796,457
98$131,751,759$33,508,382$21,970,713$71,305,846
99$145,098,172$35,058,027$22,614,466$77,327,916
100$159,803,014$36,680,698$23,276,879$83,912,839