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%
1 years$858,822$851,172$843,709$836,424$829,311$802,443
2 years$425,160$417,241$409,567$402,127$394,910$368,093
3 years$280,624$272,672$265,017$257,647$250,547$224,623
4 years$208,371$200,443$192,865$185,620$178,692$153,859
5 years$165,030$157,149$149,671$142,574$135,839$112,164
6 years$136,145$128,324$120,956$114,017$107,485$84,987
7 years$115,522$107,767$100,515$93,740$87,414$66,091
8 years$100,061$92,376$85,245$78,636$72,518$52,355
9 years$88,043$80,430$73,421$66,981$61,071$42,044
10 years$78,433$70,895$64,010$57,738$52,035$34,116
11 years$70,576$63,114$56,354$50,249$44,752$27,906
12 years$64,033$56,647$50,013$44,075$38,781$22,972
13 years$58,502$51,193$44,683$38,912$33,818$19,007
14 years$53,764$46,533$40,148$34,542$29,645$15,791
15 years$49,662$42,508$36,248$30,805$26,102$13,162
16 years$46,076$39,001$32,864$27,583$23,069$11,002
17 years$42,915$35,918$29,905$24,783$20,454$9,216
18 years$40,109$33,190$27,299$22,334$18,187$7,735
19 years$37,601$30,760$24,991$20,181$16,210$6,502
20 years$35,346$28,584$22,936$18,278$14,479$5,473
21 years$33,309$26,625$21,097$16,588$12,957$4,611
22 years$31,460$24,853$19,444$15,082$11,615$3,889
23 years$29,774$23,245$17,953$13,736$10,426$3,282
24 years$28,230$21,779$16,603$12,528$9,371$2,772
25 years$26,813$20,438$15,378$11,441$8,432$2,342
26 years$25,506$19,209$14,262$10,461$7,596$1,980
27 years$24,299$18,078$13,244$9,575$6,848$1,674
28 years$23,179$17,034$12,312$8,773$6,179$1,417
29 years$22,139$16,070$11,457$8,045$5,580$1,199
30 years$21,170$15,176$10,672$7,383$5,042$1,015
31 years$20,265$14,347$9,949$6,781$4,558$859
32 years$19,418$13,575$9,283$6,232$4,123$727
33 years$18,625$12,856$8,667$5,731$3,731$616
34 years$17,880$12,184$8,098$5,273$3,378$522
35 years$17,178$11,557$7,571$4,854$3,060$442
36 years$16,518$10,969$7,083$4,470$2,772$374
37 years$15,894$10,418$6,629$4,119$2,513$317
38 years$15,305$9,901$6,208$3,796$2,278$269
39 years$14,747$9,415$5,816$3,501$2,066$227
40 years$14,218$8,957$5,452$3,229$1,874$193
41 years$13,717$8,527$5,112$2,979$1,700$163
42 years$13,241$8,120$4,795$2,749$1,543$138
43 years$12,788$7,737$4,500$2,538$1,400$117
44 years$12,357$7,375$4,224$2,343$1,271$99
45 years$11,946$7,033$3,966$2,164$1,154$84
46 years$11,554$6,709$3,725$1,999$1,047$71
47 years$11,180$6,402$3,499$1,847$951$60
48 years$10,823$6,112$3,288$1,707$864$51
49 years$10,481$5,837$3,091$1,577$784$43
50 years$10,154$5,575$2,906$1,458$713$37

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 $5,575 every year, while hoping to spend $31,089 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: 70/23/7 Blend
71$10,400,000$10,400,000$10,400,000$10,400,000
72$11,466,551$10,915,351$10,754,151$12,256,364
73$12,603,060$11,417,124$11,081,336$13,281,102
74$13,854,452$11,942,443$11,418,441$14,397,645
75$15,232,411$12,492,427$11,765,763$15,618,516
76$16,749,813$13,068,253$12,123,612$16,953,952
77$18,420,846$13,671,150$12,492,306$18,415,219
78$20,261,146$14,302,409$12,872,171$20,014,711
79$22,287,939$14,963,383$13,263,545$21,766,070
80$24,520,210$15,655,490$13,666,775$23,684,307
81$26,978,878$16,380,215$14,082,218$25,785,943
82$29,686,994$17,139,117$14,510,244$28,089,163
83$32,669,961$17,933,828$14,951,231$30,613,984
84$35,955,770$18,766,058$15,405,570$33,382,439
85$39,575,266$19,637,602$15,873,663$36,418,785
86$43,562,439$20,550,340$16,355,927$39,749,724
87$47,954,743$21,506,243$16,852,786$43,404,656
88$52,793,455$22,507,376$17,364,682$47,415,951
89$58,124,055$23,555,906$17,892,067$51,819,250
90$63,996,666$24,654,102$18,435,408$56,653,798
91$70,466,518$25,804,345$18,995,186$61,962,807
92$77,594,473$27,009,128$19,571,895$67,793,867
93$85,447,601$28,271,068$20,166,046$74,199,382
94$94,099,811$29,592,905$20,778,164$81,237,065
95$103,632,548$30,977,513$21,408,788$88,970,475
96$114,135,563$32,427,906$22,058,477$97,469,614
97$125,707,759$33,947,242$22,727,805$106,811,579
98$138,458,125$35,538,832$23,417,361$117,081,287
99$152,506,766$37,206,147$24,127,755$128,372,268
100$167,986,035$38,952,827$24,859,614$140,787,542