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%19%
1 years$858,822$851,172$843,709$836,424$829,311$799,250
2 years$425,160$417,241$409,567$402,127$394,910$364,954
3 years$280,624$272,672$265,017$257,647$250,547$221,638
4 years$208,371$200,443$192,865$185,620$178,692$151,051
5 years$165,030$157,149$149,671$142,574$135,839$109,537
6 years$136,145$128,324$120,956$114,017$107,485$82,542
7 years$115,522$107,767$100,515$93,740$87,414$63,824
8 years$100,061$92,376$85,245$78,636$72,518$50,261
9 years$88,043$80,430$73,421$66,981$61,071$40,116
10 years$78,433$70,895$64,010$57,738$52,035$32,347
11 years$70,576$63,114$56,354$50,249$44,752$26,288
12 years$64,033$56,647$50,013$44,075$38,781$21,497
13 years$58,502$51,193$44,683$38,912$33,818$17,665
14 years$53,764$46,533$40,148$34,542$29,645$14,574
15 years$49,662$42,508$36,248$30,805$26,102$12,062
16 years$46,076$39,001$32,864$27,583$23,069$10,009
17 years$42,915$35,918$29,905$24,783$20,454$8,324
18 years$40,109$33,190$27,299$22,334$18,187$6,934
19 years$37,601$30,760$24,991$20,181$16,210$5,785
20 years$35,346$28,584$22,936$18,278$14,479$4,832
21 years$33,309$26,625$21,097$16,588$12,957$4,040
22 years$31,460$24,853$19,444$15,082$11,615$3,380
23 years$29,774$23,245$17,953$13,736$10,426$2,831
24 years$28,230$21,779$16,603$12,528$9,371$2,372
25 years$26,813$20,438$15,378$11,441$8,432$1,988
26 years$25,506$19,209$14,262$10,461$7,596$1,667
27 years$24,299$18,078$13,244$9,575$6,848$1,398
28 years$23,179$17,034$12,312$8,773$6,179$1,173
29 years$22,139$16,070$11,457$8,045$5,580$985
30 years$21,170$15,176$10,672$7,383$5,042$827
31 years$20,265$14,347$9,949$6,781$4,558$694
32 years$19,418$13,575$9,283$6,232$4,123$583
33 years$18,625$12,856$8,667$5,731$3,731$490
34 years$17,880$12,184$8,098$5,273$3,378$411
35 years$17,178$11,557$7,571$4,854$3,060$345
36 years$16,518$10,969$7,083$4,470$2,772$290
37 years$15,894$10,418$6,629$4,119$2,513$244
38 years$15,305$9,901$6,208$3,796$2,278$205
39 years$14,747$9,415$5,816$3,501$2,066$172
40 years$14,218$8,957$5,452$3,229$1,874$145
41 years$13,717$8,527$5,112$2,979$1,700$121
42 years$13,241$8,120$4,795$2,749$1,543$102
43 years$12,788$7,737$4,500$2,538$1,400$86
44 years$12,357$7,375$4,224$2,343$1,271$72
45 years$11,946$7,033$3,966$2,164$1,154$61
46 years$11,554$6,709$3,725$1,999$1,047$51
47 years$11,180$6,402$3,499$1,847$951$43
48 years$10,823$6,112$3,288$1,707$864$36
49 years$10,481$5,837$3,091$1,577$784$30
50 years$10,154$5,575$2,906$1,458$713$25

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 $2,976 every year, while hoping to spend $53,335 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: 53/42/5 Blend
71$10,400,000$10,400,000$10,400,000$10,400,000
72$11,463,870$10,912,670$10,751,470$12,058,840
73$12,576,436$11,390,643$11,054,896$12,939,475
74$13,800,697$11,890,248$11,366,699$13,890,882
75$15,147,989$12,412,491$11,687,104$14,924,569
76$16,630,802$12,958,422$12,016,341$16,048,305
77$18,262,901$13,529,141$12,354,645$17,270,628
78$20,059,450$14,125,802$12,702,259$18,600,915
79$22,037,160$14,749,612$13,059,430$20,049,470
80$24,214,442$15,401,836$13,426,413$21,627,619
81$26,611,587$16,083,797$13,803,470$23,347,807
82$29,250,949$16,796,884$14,190,867$25,223,719
83$32,157,164$17,542,548$14,588,878$27,270,395
84$35,357,374$18,322,313$14,997,785$29,504,375
85$38,881,492$19,137,772$15,417,877$31,943,846
86$42,762,476$19,990,595$15,849,448$34,608,810
87$47,036,646$20,882,531$16,292,801$37,521,265
88$51,744,021$21,815,412$16,748,247$40,705,409
89$56,928,702$22,791,158$17,216,104$44,187,861
90$62,639,284$23,811,780$17,696,698$47,997,908
91$68,929,317$24,879,383$18,190,364$52,167,771
92$75,857,810$25,996,175$18,697,443$56,732,904
93$83,489,786$27,164,468$19,218,288$61,732,323
94$91,896,900$28,386,682$19,753,256$67,208,964
95$101,158,112$29,665,357$20,302,718$73,210,081
96$111,360,430$31,003,151$20,867,050$79,787,683
97$122,599,736$32,402,848$21,446,639$86,999,020
98$134,981,689$33,867,367$22,041,881$94,907,108
99$148,622,720$35,399,767$22,653,182$103,581,318
100$163,651,132$37,003,250$23,280,959$113,098,021