Can I retire at age 72 with 10,600,000?

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 $10,600,000?

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$875,338$867,541$859,934$852,509$845,259$816,894
2 years$433,336$425,265$417,444$409,860$402,504$374,207
3 years$286,021$277,916$270,114$262,601$255,365$228,024
4 years$212,378$204,297$196,574$189,189$182,129$155,953
5 years$168,204$160,172$152,549$145,316$138,451$113,510
6 years$138,764$130,792$123,282$116,210$109,552$85,866
7 years$117,743$109,839$102,448$95,543$89,095$66,660
8 years$101,985$94,152$86,884$80,148$73,913$52,712
9 years$89,736$81,977$74,833$68,269$62,245$42,253
10 years$79,942$72,258$65,241$58,848$53,036$34,221
11 years$71,933$64,327$57,438$51,216$45,613$27,938
12 years$65,265$57,737$50,974$44,923$39,527$22,953
13 years$59,627$52,177$45,542$39,660$34,468$18,952
14 years$54,798$47,428$40,920$35,206$30,215$15,712
15 years$50,617$43,326$36,945$31,398$26,603$13,069
16 years$46,962$39,751$33,496$28,113$23,512$10,900
17 years$43,741$36,609$30,480$25,259$20,848$9,111
18 years$40,880$33,828$27,824$22,764$18,537$7,630
19 years$38,324$31,352$25,472$20,569$16,522$6,399
20 years$36,026$29,134$23,377$18,629$14,758$5,374
21 years$33,950$27,137$21,502$16,907$13,207$4,517
22 years$32,065$25,331$19,818$15,373$11,838$3,801
23 years$30,346$23,692$18,298$14,000$10,626$3,200
24 years$28,773$22,198$16,923$12,769$9,551$2,696
25 years$27,328$20,831$15,674$11,661$8,595$2,273
26 years$25,997$19,578$14,537$10,662$7,742$1,917
27 years$24,766$18,425$13,499$9,760$6,980$1,617
28 years$23,625$17,362$12,549$8,942$6,298$1,365
29 years$22,565$16,379$11,678$8,200$5,687$1,152
30 years$21,577$15,468$10,877$7,525$5,139$973
31 years$20,655$14,623$10,141$6,912$4,646$821
32 years$19,792$13,836$9,461$6,352$4,202$694
33 years$18,983$13,103$8,834$5,841$3,803$586
34 years$18,223$12,419$8,254$5,374$3,443$495
35 years$17,509$11,779$7,717$4,947$3,119$418
36 years$16,835$11,180$7,219$4,556$2,826$353
37 years$16,200$10,618$6,757$4,198$2,561$299
38 years$15,599$10,091$6,328$3,869$2,322$252
39 years$15,031$9,596$5,928$3,568$2,106$213
40 years$14,492$9,130$5,556$3,291$1,910$180
41 years$13,981$8,690$5,210$3,036$1,733$152
42 years$13,495$8,277$4,887$2,802$1,572$129
43 years$13,034$7,886$4,586$2,587$1,427$109
44 years$12,594$7,517$4,305$2,388$1,295$92
45 years$12,176$7,168$4,042$2,206$1,176$78
46 years$11,776$6,838$3,796$2,037$1,068$66
47 years$11,395$6,526$3,567$1,882$969$56
48 years$11,031$6,230$3,352$1,739$880$47
49 years$10,683$5,949$3,150$1,607$800$40
50 years$10,349$5,683$2,962$1,486$726$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $10,600,000, adding $3,058 every year, while hoping to spend $59,986 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: 80/6/14 Blend
71$10,600,000$10,600,000$10,600,000$10,600,000
72$11,684,354$11,122,554$10,958,254$12,586,249
73$12,812,334$11,603,735$11,261,531$13,660,819
74$14,053,357$12,106,483$11,572,957$14,831,787
75$15,418,890$12,631,791$11,892,743$16,115,159
76$16,921,569$13,180,701$12,221,101$17,522,170
77$18,575,314$13,754,301$12,558,254$19,065,194
78$20,395,466$14,353,731$12,904,425$20,757,858
79$22,398,925$14,980,186$13,259,845$22,615,172
80$24,604,316$15,634,915$13,624,749$24,653,667
81$27,032,158$16,319,228$13,999,381$26,891,552
82$29,705,063$17,034,495$14,383,985$29,348,883
83$32,647,948$17,782,153$14,778,816$32,047,752
84$35,888,264$18,563,705$15,184,133$35,012,496
85$39,456,266$19,380,725$15,600,200$38,269,922
86$43,385,286$20,234,862$16,027,288$41,849,562
87$47,712,058$21,127,842$16,465,674$45,783,946
88$52,477,056$22,061,475$16,915,643$50,108,915
89$57,724,883$23,037,655$17,377,485$54,863,950
90$63,504,687$24,058,365$17,851,496$60,092,547
91$69,870,624$25,125,684$18,337,980$65,842,628
92$76,882,373$26,241,788$18,837,247$72,166,986
93$84,605,696$27,408,957$19,349,617$79,123,787
94$93,113,060$28,629,579$19,875,412$86,777,116
95$102,484,319$29,906,155$20,414,965$95,197,578
96$112,807,469$31,241,306$20,968,615$104,462,963
97$124,179,477$32,637,776$21,536,710$114,658,983
98$136,707,197$34,098,441$22,119,604$125,880,072
99$150,508,380$35,626,313$22,717,659$138,230,282
100$165,712,780$37,224,548$23,331,246$151,824,256