Can I retire at age 59 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$825,791$818,435$811,258$804,254$797,414$784,204
2 years$408,807$401,194$393,815$386,660$379,721$366,450
3 years$269,831$262,184$254,824$247,737$240,911$227,993
4 years$200,356$192,733$185,447$178,481$171,819$159,354
5 years$158,683$151,105$143,914$137,090$130,614$118,637
6 years$130,909$123,389$116,304$109,632$103,351$91,875
7 years$111,079$103,622$96,649$90,135$84,052$73,082
8 years$96,213$88,823$81,966$75,612$69,729$59,262
9 years$84,656$77,336$70,598$64,404$58,722$48,753
10 years$75,417$68,168$61,549$55,517$50,034$40,554
11 years$67,862$60,686$54,186$48,317$43,031$34,030
12 years$61,571$54,469$48,089$42,380$37,290$28,756
13 years$56,251$49,224$42,964$37,415$32,517$24,439
14 years$51,696$44,743$38,604$33,213$28,505$20,867
15 years$47,752$40,874$34,854$29,620$25,098$17,887
16 years$44,304$37,501$31,600$26,522$22,181$15,382
17 years$41,265$34,537$28,755$23,830$19,668$13,265
18 years$38,566$31,914$26,250$21,475$17,487$11,466
19 years$36,155$29,577$24,030$19,405$15,587$9,930
20 years$33,987$27,484$22,054$17,575$13,923$8,615
21 years$32,028$25,601$20,285$15,950$12,459$7,485
22 years$30,250$23,897$18,696$14,502$11,168$6,511
23 years$28,629$22,351$17,262$13,208$10,025$5,670
24 years$27,145$20,941$15,965$12,046$9,011$4,943
25 years$25,782$19,652$14,787$11,001$8,108$4,312
26 years$24,525$18,470$13,714$10,059$7,304$3,764
27 years$23,364$17,382$12,734$9,207$6,585$3,288
28 years$22,288$16,379$11,838$8,436$5,942$2,874
29 years$21,288$15,452$11,017$7,736$5,365$2,513
30 years$20,356$14,593$10,262$7,099$4,848$2,198
31 years$19,486$13,795$9,567$6,520$4,383$1,923
32 years$18,672$13,053$8,926$5,992$3,965$1,683
33 years$17,909$12,361$8,334$5,510$3,588$1,474
34 years$17,192$11,716$7,787$5,070$3,248$1,291
35 years$16,518$11,112$7,280$4,667$2,942$1,131
36 years$15,882$10,547$6,810$4,298$2,666$991
37 years$15,283$10,017$6,374$3,960$2,416$868
38 years$14,716$9,520$5,969$3,650$2,190$761
39 years$14,180$9,053$5,593$3,366$1,986$667
40 years$13,672$8,613$5,242$3,105$1,802$584
41 years$13,189$8,199$4,915$2,864$1,635$512
42 years$12,731$7,808$4,611$2,643$1,483$449
43 years$12,296$7,439$4,327$2,440$1,346$394
44 years$11,881$7,091$4,061$2,253$1,222$345
45 years$11,486$6,762$3,813$2,081$1,109$303
46 years$11,110$6,451$3,582$1,922$1,007$265
47 years$10,750$6,156$3,365$1,776$914$233
48 years$10,406$5,877$3,162$1,641$830$204
49 years$10,078$5,612$2,972$1,516$754$179
50 years$9,763$5,361$2,794$1,402$685$157

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,000,000, adding $2,727 every year, while hoping to spend $57,830 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: 36/36/28 Blend
58$10,000,000$10,000,000$10,000,000$10,000,000
59$11,022,813$10,492,813$10,337,813$11,326,853
60$12,085,609$10,945,430$10,622,599$12,005,925
61$13,254,872$11,418,287$10,914,987$12,733,099
62$14,541,401$11,912,315$11,215,171$13,517,051
63$15,957,094$12,428,488$11,523,349$14,362,924
64$17,515,060$12,967,827$11,839,723$15,276,364
65$19,229,744$13,531,398$12,164,502$16,263,565
66$21,117,063$14,120,322$12,497,898$17,331,325
67$23,194,553$14,735,767$12,840,128$18,487,108
68$25,481,540$15,378,962$13,191,414$19,739,106
69$27,999,315$16,051,189$13,551,985$21,096,317
70$30,771,341$16,753,793$13,922,072$22,568,626
71$33,823,470$17,488,182$14,301,914$24,166,889
72$37,184,191$18,255,829$14,691,755$25,903,034
73$40,884,893$19,058,279$15,091,843$27,790,170
74$44,960,165$19,897,149$15,502,433$29,842,705
75$49,448,124$20,774,131$15,923,786$32,076,473
76$54,390,768$21,690,999$16,356,169$34,508,884
77$59,834,378$22,649,609$16,799,852$37,159,079
78$65,829,952$23,651,908$17,255,115$40,048,105
79$72,433,688$24,699,932$17,722,242$43,199,108
80$79,707,511$25,795,816$18,201,524$46,637,545
81$87,719,660$26,941,793$18,693,258$50,391,420
82$96,545,331$28,140,207$19,197,747$54,491,535
83$106,267,385$29,393,507$19,715,302$58,971,779
84$116,977,133$30,704,264$20,246,240$63,869,439
85$128,775,196$32,075,168$20,790,884$69,225,544
86$141,772,452$33,509,038$21,349,565$75,085,242
87$156,091,088$35,008,826$21,922,621$81,498,218
88$171,865,746$36,577,626$22,510,396$88,519,158
89$189,244,801$38,218,678$23,113,243$96,208,250
90$208,391,755$39,935,378$23,731,521$104,631,745
91$229,486,784$41,731,281$24,365,597$113,862,572
92$252,728,436$43,610,114$25,015,844$123,981,015
93$278,335,508$45,575,781$25,682,647$135,075,459
94$306,549,107$47,632,372$26,366,393$147,243,216
95$337,634,930$49,784,173$27,067,481$160,591,425
96$371,885,768$52,035,672$27,786,317$175,238,056
97$409,624,272$54,391,576$28,523,314$191,313,008
98$451,205,998$56,856,813$29,278,895$208,959,322
99$497,022,761$59,436,547$30,053,489$228,334,512
100$547,506,336$62,136,192$30,847,535$249,612,046