Can I retire at age 72 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$858,822$851,172$843,709$836,424$829,311$822,362
2 years$425,160$417,241$409,567$402,127$394,910$387,907
3 years$280,624$272,672$265,017$257,647$250,547$243,706
4 years$208,371$200,443$192,865$185,620$178,692$172,066
5 years$165,030$157,149$149,671$142,574$135,839$129,448
6 years$136,145$128,324$120,956$114,017$107,485$101,336
7 years$115,522$107,767$100,515$93,740$87,414$81,511
8 years$100,061$92,376$85,245$78,636$72,518$66,860
9 years$88,043$80,430$73,421$66,981$61,071$55,657
10 years$78,433$70,895$64,010$57,738$52,035$46,862
11 years$70,576$63,114$56,354$50,249$44,752$39,815
12 years$64,033$56,647$50,013$44,075$38,781$34,076
13 years$58,502$51,193$44,683$38,912$33,818$29,340
14 years$53,764$46,533$40,148$34,542$29,645$25,387
15 years$49,662$42,508$36,248$30,805$26,102$22,059
16 years$46,076$39,001$32,864$27,583$23,069$19,235
17 years$42,915$35,918$29,905$24,783$20,454$16,823
18 years$40,109$33,190$27,299$22,334$18,187$14,751
19 years$37,601$30,760$24,991$20,181$16,210$12,963
20 years$35,346$28,584$22,936$18,278$14,479$11,413
21 years$33,309$26,625$21,097$16,588$12,957$10,066
22 years$31,460$24,853$19,444$15,082$11,615$8,890
23 years$29,774$23,245$17,953$13,736$10,426$7,862
24 years$28,230$21,779$16,603$12,528$9,371$6,960
25 years$26,813$20,438$15,378$11,441$8,432$6,168
26 years$25,506$19,209$14,262$10,461$7,596$5,470
27 years$24,299$18,078$13,244$9,575$6,848$4,855
28 years$23,179$17,034$12,312$8,773$6,179$4,312
29 years$22,139$16,070$11,457$8,045$5,580$3,832
30 years$21,170$15,176$10,672$7,383$5,042$3,408
31 years$20,265$14,347$9,949$6,781$4,558$3,031
32 years$19,418$13,575$9,283$6,232$4,123$2,698
33 years$18,625$12,856$8,667$5,731$3,731$2,402
34 years$17,880$12,184$8,098$5,273$3,378$2,139
35 years$17,178$11,557$7,571$4,854$3,060$1,905
36 years$16,518$10,969$7,083$4,470$2,772$1,697
37 years$15,894$10,418$6,629$4,119$2,513$1,513
38 years$15,305$9,901$6,208$3,796$2,278$1,349
39 years$14,747$9,415$5,816$3,501$2,066$1,202
40 years$14,218$8,957$5,452$3,229$1,874$1,072
41 years$13,717$8,527$5,112$2,979$1,700$956
42 years$13,241$8,120$4,795$2,749$1,543$853
43 years$12,788$7,737$4,500$2,538$1,400$761
44 years$12,357$7,375$4,224$2,343$1,271$679
45 years$11,946$7,033$3,966$2,164$1,154$605
46 years$11,554$6,709$3,725$1,999$1,047$540
47 years$11,180$6,402$3,499$1,847$951$482
48 years$10,823$6,112$3,288$1,707$864$430
49 years$10,481$5,837$3,091$1,577$784$384
50 years$10,154$5,575$2,906$1,458$713$343

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $10,400,000, adding $3,271 every year, while hoping to spend $41,701 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: 40/30/30 Blend
71$10,400,000$10,400,000$10,400,000$10,400,000
72$11,464,174$10,912,974$10,751,774$11,821,087
73$12,589,150$11,403,340$11,067,589$12,572,343
74$13,827,476$11,916,337$11,392,586$13,380,494
75$15,190,670$12,453,028$11,727,029$14,254,075
76$16,691,423$13,014,531$12,071,188$15,199,116
77$18,343,718$13,602,013$12,425,343$16,222,235
78$20,162,965$14,216,700$12,789,780$17,330,698
79$22,166,143$14,859,874$13,164,794$18,532,486
80$24,371,962$15,532,880$13,550,687$19,836,362
81$26,801,038$16,237,127$13,947,770$21,251,955
82$29,476,089$16,974,091$14,356,365$22,789,842
83$32,422,147$17,745,318$14,776,800$24,461,647
84$35,666,797$18,552,430$15,209,414$26,280,143
85$39,240,435$19,397,124$15,654,555$28,259,373
86$43,176,557$20,281,180$16,112,580$30,414,772
87$47,512,071$21,206,464$16,583,857$32,763,310
88$52,287,651$22,174,929$17,068,765$35,323,648
89$57,548,114$23,188,623$17,567,691$38,116,308
90$63,342,849$24,249,693$18,081,035$41,163,859
91$69,726,278$25,360,387$18,609,209$44,491,125
92$76,758,375$26,523,062$19,152,634$48,125,416
93$84,505,226$27,740,189$19,711,744$52,096,776
94$93,039,658$29,014,356$20,286,986$56,438,258
95$102,441,920$30,348,277$20,878,818$61,186,233
96$112,800,448$31,744,795$21,487,710$66,380,725
97$124,212,694$33,206,890$22,114,149$72,065,778
98$136,786,047$34,737,686$22,758,631$78,289,868
99$150,638,847$36,340,456$23,421,668$85,106,348
100$165,901,502$38,018,631$24,103,787$92,573,944