Can I retire at age 72 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$850,564$842,988$835,596$828,381$821,336$817,532
2 years$421,071$413,229$405,629$398,260$391,113$387,272
3 years$277,926$270,050$262,469$255,169$248,138$244,381
4 years$206,367$198,515$191,010$183,835$176,974$173,329
5 years$163,443$155,638$148,232$141,203$134,533$131,011
6 years$134,836$127,090$119,793$112,921$106,451$103,056
7 years$114,411$106,730$99,549$92,839$86,573$83,308
8 years$99,099$91,488$84,425$77,880$71,821$68,685
9 years$87,196$79,656$72,715$66,337$60,484$57,476
10 years$77,679$70,213$63,395$57,183$51,535$48,655
11 years$69,898$62,507$55,812$49,766$44,322$41,567
12 years$63,418$56,103$49,532$43,652$38,408$35,777
13 years$57,939$50,700$44,253$38,538$33,493$30,982
14 years$53,247$46,085$39,762$34,210$29,360$26,967
15 years$49,184$42,100$35,900$30,509$25,851$23,573
16 years$45,633$38,626$32,548$27,317$22,847$20,681
17 years$42,503$35,573$29,618$24,544$20,258$18,200
18 years$39,723$32,871$27,037$22,120$18,012$16,060
19 years$37,239$30,464$24,751$19,987$16,055$14,204
20 years$35,006$28,309$22,715$18,102$14,340$12,588
21 years$32,989$26,369$20,894$16,429$12,833$11,176
22 years$31,157$24,614$19,257$14,937$11,503$9,937
23 years$29,487$23,021$17,780$13,604$10,326$8,847
24 years$27,959$21,569$16,444$12,407$9,281$7,886
25 years$26,555$20,242$15,230$11,331$8,351$7,037
26 years$25,261$19,024$14,125$10,361$7,523$6,286
27 years$24,065$17,904$13,116$9,483$6,782$5,619
28 years$22,956$16,871$12,193$8,689$6,120$5,026
29 years$21,926$15,916$11,347$7,968$5,526$4,499
30 years$20,966$15,031$10,569$7,312$4,993$4,030
31 years$20,070$14,209$9,854$6,716$4,514$3,611
32 years$19,232$13,444$9,194$6,172$4,083$3,237
33 years$18,446$12,732$8,584$5,676$3,696$2,904
34 years$17,708$12,067$8,020$5,222$3,346$2,605
35 years$17,013$11,446$7,499$4,807$3,030$2,338
36 years$16,359$10,863$7,015$4,427$2,746$2,099
37 years$15,741$10,318$6,566$4,079$2,489$1,885
38 years$15,158$9,806$6,148$3,760$2,256$1,693
39 years$14,605$9,324$5,760$3,467$2,046$1,521
40 years$14,082$8,871$5,399$3,198$1,856$1,367
41 years$13,585$8,445$5,063$2,950$1,684$1,229
42 years$13,113$8,042$4,749$2,723$1,528$1,104
43 years$12,665$7,663$4,456$2,513$1,386$993
44 years$12,238$7,304$4,183$2,321$1,258$893
45 years$11,831$6,965$3,928$2,143$1,142$803
46 years$11,443$6,644$3,689$1,980$1,037$722
47 years$11,073$6,341$3,466$1,829$942$649
48 years$10,719$6,053$3,257$1,690$855$584
49 years$10,380$5,780$3,061$1,562$777$525
50 years$10,056$5,522$2,878$1,444$706$472

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $10,300,000, adding $3,707 every year, while hoping to spend $32,773 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: 31/42/27 Blend
71$10,300,000$10,300,000$10,300,000$10,300,000
72$11,354,424$10,808,524$10,648,874$11,612,198
73$12,477,705$11,303,271$10,970,741$12,306,095
74$13,714,462$11,821,163$11,302,292$13,049,353
75$15,076,236$12,363,298$11,643,817$13,848,787
76$16,575,741$12,930,829$11,995,615$14,709,330
77$18,226,991$13,524,964$12,357,992$15,636,387
78$20,045,425$14,146,968$12,731,265$16,635,879
79$22,048,056$14,798,168$13,115,761$17,714,293
80$24,253,633$15,479,953$13,511,814$18,878,741
81$26,682,813$16,193,781$13,919,770$20,137,018
82$29,358,363$16,941,178$14,339,984$21,497,672
83$32,305,366$17,723,746$14,772,824$22,970,082
84$35,551,466$18,543,163$15,218,666$24,564,535
85$39,127,123$19,401,185$15,677,899$26,292,320
86$43,065,904$20,299,657$16,150,923$28,165,827
87$47,404,796$21,240,510$16,638,149$30,198,659
88$52,184,559$22,225,770$17,140,001$32,405,751
89$57,450,110$23,257,558$17,656,917$34,803,503
90$63,250,942$24,338,099$18,189,344$37,409,931
91$69,641,599$25,469,727$18,737,748$40,244,822
92$76,682,182$26,654,884$19,302,603$43,329,920
93$84,438,926$27,896,134$19,884,401$46,689,118
94$92,984,814$29,196,162$20,483,646$50,348,673
95$102,400,276$30,557,786$21,100,860$54,337,446
96$112,773,943$31,983,955$21,736,577$58,687,167
97$124,203,482$33,477,766$22,391,349$63,432,717
98$136,796,521$35,042,461$23,065,743$68,612,452
99$150,671,666$36,681,440$23,760,345$74,268,552
100$165,959,615$38,398,270$24,475,756$80,447,405