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%15%
1 years$858,822$851,172$843,709$836,424$829,311$812,234
2 years$425,160$417,241$409,567$402,127$394,910$377,783
3 years$280,624$272,672$265,017$257,647$250,547$233,905
4 years$208,371$200,443$192,865$185,620$178,692$162,662
5 years$165,030$157,149$149,671$142,574$135,839$120,467
6 years$136,145$128,324$120,956$114,017$107,485$92,787
7 years$115,522$107,767$100,515$93,740$87,414$73,394
8 years$100,061$92,376$85,245$78,636$72,518$59,171
9 years$88,043$80,430$73,421$66,981$61,071$48,388
10 years$78,433$70,895$64,010$57,738$52,035$40,004
11 years$70,576$63,114$56,354$50,249$44,752$33,358
12 years$64,033$56,647$50,013$44,075$38,781$28,006
13 years$58,502$51,193$44,683$38,912$33,818$23,645
14 years$53,764$46,533$40,148$34,542$29,645$20,053
15 years$49,662$42,508$36,248$30,805$26,102$17,071
16 years$46,076$39,001$32,864$27,583$23,069$14,578
17 years$42,915$35,918$29,905$24,783$20,454$12,481
18 years$40,109$33,190$27,299$22,334$18,187$10,710
19 years$37,601$30,760$24,991$20,181$16,210$9,208
20 years$35,346$28,584$22,936$18,278$14,479$7,929
21 years$33,309$26,625$21,097$16,588$12,957$6,836
22 years$31,460$24,853$19,444$15,082$11,615$5,902
23 years$29,774$23,245$17,953$13,736$10,426$5,100
24 years$28,230$21,779$16,603$12,528$9,371$4,410
25 years$26,813$20,438$15,378$11,441$8,432$3,817
26 years$25,506$19,209$14,262$10,461$7,596$3,306
27 years$24,299$18,078$13,244$9,575$6,848$2,864
28 years$23,179$17,034$12,312$8,773$6,179$2,483
29 years$22,139$16,070$11,457$8,045$5,580$2,153
30 years$21,170$15,176$10,672$7,383$5,042$1,868
31 years$20,265$14,347$9,949$6,781$4,558$1,621
32 years$19,418$13,575$9,283$6,232$4,123$1,407
33 years$18,625$12,856$8,667$5,731$3,731$1,222
34 years$17,880$12,184$8,098$5,273$3,378$1,061
35 years$17,178$11,557$7,571$4,854$3,060$922
36 years$16,518$10,969$7,083$4,470$2,772$801
37 years$15,894$10,418$6,629$4,119$2,513$696
38 years$15,305$9,901$6,208$3,796$2,278$605
39 years$14,747$9,415$5,816$3,501$2,066$525
40 years$14,218$8,957$5,452$3,229$1,874$457
41 years$13,717$8,527$5,112$2,979$1,700$397
42 years$13,241$8,120$4,795$2,749$1,543$345
43 years$12,788$7,737$4,500$2,538$1,400$300
44 years$12,357$7,375$4,224$2,343$1,271$261
45 years$11,946$7,033$3,966$2,164$1,154$227
46 years$11,554$6,709$3,725$1,999$1,047$197
47 years$11,180$6,402$3,499$1,847$951$171
48 years$10,823$6,112$3,288$1,707$864$149
49 years$10,481$5,837$3,091$1,577$784$129
50 years$10,154$5,575$2,906$1,458$713$113

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 $6,181 every year, while hoping to spend $32,976 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: 67/10/23 Blend
71$10,400,000$10,400,000$10,400,000$10,400,000
72$11,467,176$10,915,976$10,754,776$12,167,708
73$12,601,741$11,415,772$11,079,974$13,138,490
74$13,850,928$11,938,954$11,414,962$14,195,413
75$15,226,391$12,486,631$11,760,032$15,350,541
76$16,740,975$13,059,969$12,115,486$16,613,551
77$18,408,834$13,660,187$12,481,634$17,995,094
78$20,245,564$14,288,564$12,858,797$19,506,897
79$22,268,349$14,946,442$13,247,305$21,161,866
80$24,496,127$15,635,224$13,647,496$22,974,212
81$26,949,766$16,356,383$14,059,721$24,959,580
82$29,652,259$17,111,463$14,484,338$27,135,195
83$32,628,945$17,902,080$14,921,719$29,520,024
84$35,907,746$18,729,931$15,372,246$32,134,950
85$39,519,431$19,596,792$15,836,310$35,002,970
86$43,497,903$20,504,525$16,314,317$38,149,412
87$47,880,526$21,455,084$16,806,683$41,602,163
88$52,708,470$22,450,513$17,313,838$45,391,939
89$58,027,105$23,492,959$17,836,222$49,552,568
90$63,886,424$24,584,669$18,374,291$54,121,307
91$70,341,523$25,728,001$18,928,512$59,139,192
92$77,453,109$26,925,424$19,499,369$64,651,423
93$85,288,085$28,179,529$20,087,356$70,707,783
94$93,920,174$29,493,030$20,692,987$77,363,114
95$103,430,615$30,868,772$21,316,786$84,677,820
96$113,908,936$32,309,740$21,959,295$92,718,445
97$125,453,789$33,819,059$22,621,074$101,558,290
98$138,173,891$35,400,008$23,302,695$111,278,105
99$152,189,043$37,056,024$24,004,751$121,966,845
100$167,631,266$38,790,709$24,727,850$133,722,509