Can I retire at age 72 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$916,628$908,463$900,497$892,722$885,130$853,724
2 years$453,776$445,325$437,134$429,193$421,490$390,185
3 years$299,512$291,025$282,855$274,988$267,411$237,189
4 years$222,396$213,934$205,846$198,114$190,720$161,812
5 years$176,138$167,727$159,745$152,170$144,982$117,465
6 years$145,309$136,962$129,098$121,692$114,719$88,613
7 years$123,297$115,020$107,281$100,049$93,298$68,597
8 years$106,796$98,593$90,983$83,929$77,399$54,084
9 years$93,968$85,843$78,363$71,489$65,181$43,220
10 years$83,712$75,667$68,319$61,624$55,538$34,894
11 years$75,327$67,362$60,147$53,631$47,764$28,395
12 years$68,343$60,460$53,379$47,042$41,392$23,250
13 years$62,439$54,638$47,690$41,531$36,094$19,132
14 years$57,383$49,665$42,850$36,867$31,640$15,807
15 years$53,004$45,370$38,688$32,879$27,858$13,101
16 years$49,177$41,626$35,076$29,439$24,621$10,887
17 years$45,804$38,336$31,918$26,451$21,831$9,067
18 years$42,808$35,424$29,137$23,838$19,411$7,565
19 years$40,132$32,831$26,673$21,539$17,302$6,320
20 years$37,725$30,508$24,480$19,508$15,454$5,287
21 years$35,551$28,417$22,517$17,705$13,830$4,427
22 years$33,577$26,526$20,752$16,098$12,396$3,711
23 years$31,778$24,809$19,161$14,660$11,128$3,112
24 years$30,131$23,245$17,721$13,371$10,002$2,612
25 years$28,618$21,814$16,413$12,211$9,000$2,193
26 years$27,223$20,502$15,222$11,165$8,107$1,842
27 years$25,934$19,294$14,135$10,220$7,309$1,547
28 years$24,739$18,181$13,141$9,364$6,595$1,301
29 years$23,629$17,152$12,228$8,587$5,955$1,093
30 years$22,595$16,198$11,390$7,880$5,381$919
31 years$21,629$15,312$10,619$7,238$4,865$773
32 years$20,726$14,489$9,908$6,652$4,401$650
33 years$19,878$13,721$9,251$6,117$3,983$547
34 years$19,083$13,004$8,643$5,628$3,606$460
35 years$18,335$12,334$8,081$5,181$3,266$387
36 years$17,629$11,707$7,560$4,771$2,959$326
37 years$16,964$11,119$7,076$4,396$2,682$274
38 years$16,335$10,567$6,626$4,052$2,431$231
39 years$15,740$10,048$6,208$3,736$2,205$194
40 years$15,175$9,560$5,819$3,446$2,000$163
41 years$14,640$9,100$5,456$3,179$1,814$138
42 years$14,132$8,667$5,118$2,934$1,646$116
43 years$13,649$8,258$4,802$2,709$1,494$97
44 years$13,188$7,871$4,508$2,501$1,356$82
45 years$12,750$7,506$4,233$2,310$1,231$69
46 years$12,332$7,161$3,976$2,134$1,118$58
47 years$11,933$6,833$3,735$1,971$1,015$49
48 years$11,551$6,523$3,510$1,821$922$41
49 years$11,186$6,229$3,299$1,683$837$35
50 years$10,837$5,951$3,102$1,556$760$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $11,100,000, adding $6,873 every year, while hoping to spend $42,428 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: 41/45/14 Blend
71$11,100,000$11,100,000$11,100,000$11,100,000
72$12,239,289$11,650,989$11,478,939$12,690,207
73$13,442,554$12,176,745$11,818,341$13,534,738
74$14,767,129$12,726,840$12,167,690$14,443,525
75$16,225,345$13,302,424$12,527,276$15,426,209
76$17,830,785$13,904,698$12,897,395$16,489,539
77$19,598,420$14,534,922$13,278,352$17,640,917
78$21,544,743$15,194,418$13,670,462$18,888,464
79$23,687,931$15,884,569$14,074,046$20,241,093
80$26,048,011$16,606,824$14,489,438$21,708,586
81$28,647,053$17,362,703$14,916,979$23,301,679
82$31,509,374$18,153,797$15,357,019$25,032,164
83$34,661,772$18,981,775$15,809,922$26,912,987
84$38,133,776$19,848,385$16,276,057$28,958,369
85$41,957,924$20,755,459$16,755,808$31,183,932
86$46,170,072$21,704,916$17,249,567$33,606,840
87$50,809,731$22,698,769$17,757,739$36,245,952
88$55,920,441$23,739,125$18,280,740$39,121,996
89$61,550,178$24,828,194$18,818,997$42,257,755
90$67,751,812$25,968,292$19,372,950$45,678,272
91$74,583,604$27,161,846$19,943,051$49,411,082
92$82,109,754$28,411,398$20,529,765$53,486,461
93$90,401,008$29,719,616$21,133,571$57,937,699
94$99,535,325$31,089,291$21,754,960$62,801,412
95$109,598,615$32,523,354$22,394,439$68,117,870
96$120,685,548$34,024,872$23,052,526$73,931,371
97$132,900,445$35,597,062$23,729,757$80,290,646
98$146,358,269$37,243,297$24,426,683$87,249,309
99$161,185,703$38,967,109$25,143,867$94,866,347
100$177,522,351$40,772,203$25,881,893$103,206,669