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%18.3%
1 years$858,822$851,172$843,709$836,424$829,311$801,481
2 years$425,160$417,241$409,567$402,127$394,910$367,147
3 years$280,624$272,672$265,017$257,647$250,547$223,722
4 years$208,371$200,443$192,865$185,620$178,692$153,010
5 years$165,030$157,149$149,671$142,574$135,839$111,369
6 years$136,145$128,324$120,956$114,017$107,485$84,245
7 years$115,522$107,767$100,515$93,740$87,414$65,402
8 years$100,061$92,376$85,245$78,636$72,518$51,718
9 years$88,043$80,430$73,421$66,981$61,071$41,456
10 years$78,433$70,895$64,010$57,738$52,035$33,575
11 years$70,576$63,114$56,354$50,249$44,752$27,411
12 years$64,033$56,647$50,013$44,075$38,781$22,520
13 years$58,502$51,193$44,683$38,912$33,818$18,594
14 years$53,764$46,533$40,148$34,542$29,645$15,416
15 years$49,662$42,508$36,248$30,805$26,102$12,822
16 years$46,076$39,001$32,864$27,583$23,069$10,694
17 years$42,915$35,918$29,905$24,783$20,454$8,939
18 years$40,109$33,190$27,299$22,334$18,187$7,486
19 years$37,601$30,760$24,991$20,181$16,210$6,278
20 years$35,346$28,584$22,936$18,278$14,479$5,272
21 years$33,309$26,625$21,097$16,588$12,957$4,432
22 years$31,460$24,853$19,444$15,082$11,615$3,729
23 years$29,774$23,245$17,953$13,736$10,426$3,140
24 years$28,230$21,779$16,603$12,528$9,371$2,645
25 years$26,813$20,438$15,378$11,441$8,432$2,230
26 years$25,506$19,209$14,262$10,461$7,596$1,881
27 years$24,299$18,078$13,244$9,575$6,848$1,586
28 years$23,179$17,034$12,312$8,773$6,179$1,339
29 years$22,139$16,070$11,457$8,045$5,580$1,130
30 years$21,170$15,176$10,672$7,383$5,042$954
31 years$20,265$14,347$9,949$6,781$4,558$806
32 years$19,418$13,575$9,283$6,232$4,123$681
33 years$18,625$12,856$8,667$5,731$3,731$575
34 years$17,880$12,184$8,098$5,273$3,378$486
35 years$17,178$11,557$7,571$4,854$3,060$410
36 years$16,518$10,969$7,083$4,470$2,772$347
37 years$15,894$10,418$6,629$4,119$2,513$293
38 years$15,305$9,901$6,208$3,796$2,278$248
39 years$14,747$9,415$5,816$3,501$2,066$209
40 years$14,218$8,957$5,452$3,229$1,874$177
41 years$13,717$8,527$5,112$2,979$1,700$149
42 years$13,241$8,120$4,795$2,749$1,543$126
43 years$12,788$7,737$4,500$2,538$1,400$107
44 years$12,357$7,375$4,224$2,343$1,271$90
45 years$11,946$7,033$3,966$2,164$1,154$76
46 years$11,554$6,709$3,725$1,999$1,047$64
47 years$11,180$6,402$3,499$1,847$951$54
48 years$10,823$6,112$3,288$1,707$864$46
49 years$10,481$5,837$3,091$1,577$784$39
50 years$10,154$5,575$2,906$1,458$713$33

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 $2,879 every year, while hoping to spend $25,921 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: 30/42/28 Blend
71$10,400,000$10,400,000$10,400,000$10,400,000
72$11,463,770$10,912,570$10,751,370$11,708,834
73$12,605,494$11,419,706$11,083,961$12,407,817
74$13,862,806$11,950,823$11,426,825$13,156,755
75$15,247,468$12,507,069$11,780,279$13,961,931
76$16,772,441$13,089,646$12,144,649$14,828,257
77$18,452,007$13,699,816$12,520,273$15,761,106
78$20,301,906$14,338,901$12,907,496$16,766,365
79$22,339,480$15,008,287$13,306,676$17,850,481
80$24,583,840$15,709,426$13,718,183$19,020,520
81$27,056,045$16,443,842$14,142,396$20,284,224
82$29,779,302$17,213,130$14,579,707$21,650,082
83$32,779,183$18,018,965$15,030,519$23,127,403
84$36,083,867$18,863,102$15,495,248$24,726,396
85$39,724,406$19,747,379$15,974,324$26,458,262
86$43,735,020$20,673,725$16,468,189$28,335,292
87$48,153,417$21,644,162$16,977,297$30,370,973
88$53,021,149$22,660,810$17,502,120$32,580,115
89$58,384,006$23,725,889$18,043,141$34,978,972
90$64,292,448$24,841,731$18,600,860$37,585,400
91$70,802,079$26,010,777$19,175,790$40,419,004
92$77,974,174$27,235,588$19,768,462$43,501,325
93$85,876,256$28,518,849$20,379,422$46,856,027
94$94,582,736$29,863,374$21,009,234$50,509,113
95$104,175,610$31,272,114$21,658,478$54,489,160
96$114,745,239$32,748,164$22,327,754$58,827,576
97$126,391,196$34,294,767$23,017,677$63,558,889
98$139,223,213$35,915,326$23,728,884$68,721,059
99$153,362,209$37,613,405$24,462,029$74,355,823
100$168,941,437$39,392,744$25,217,790$80,509,077