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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$825,791$818,435$811,258$804,254$797,414$792,721
2 years$408,807$401,194$393,815$386,660$379,721$374,986
3 years$269,831$262,184$254,824$247,737$240,911$236,281
4 years$200,356$192,733$185,447$178,481$171,819$167,330
5 years$158,683$151,105$143,914$137,090$130,614$126,279
6 years$130,909$123,389$116,304$109,632$103,351$99,175
7 years$111,079$103,622$96,649$90,135$84,052$80,037
8 years$96,213$88,823$81,966$75,612$69,729$65,876
9 years$84,656$77,336$70,598$64,404$58,722$55,030
10 years$75,417$68,168$61,549$55,517$50,034$46,501
11 years$67,862$60,686$54,186$48,317$43,031$39,654
12 years$61,571$54,469$48,089$42,380$37,290$34,066
13 years$56,251$49,224$42,964$37,415$32,517$29,444
14 years$51,696$44,743$38,604$33,213$28,505$25,578
15 years$47,752$40,874$34,854$29,620$25,098$22,314
16 years$44,304$37,501$31,600$26,522$22,181$19,537
17 years$41,265$34,537$28,755$23,830$19,668$17,158
18 years$38,566$31,914$26,250$21,475$17,487$15,109
19 years$36,155$29,577$24,030$19,405$15,587$13,335
20 years$33,987$27,484$22,054$17,575$13,923$11,792
21 years$32,028$25,601$20,285$15,950$12,459$10,446
22 years$30,250$23,897$18,696$14,502$11,168$9,267
23 years$28,629$22,351$17,262$13,208$10,025$8,232
24 years$27,145$20,941$15,965$12,046$9,011$7,322
25 years$25,782$19,652$14,787$11,001$8,108$6,518
26 years$24,525$18,470$13,714$10,059$7,304$5,808
27 years$23,364$17,382$12,734$9,207$6,585$5,180
28 years$22,288$16,379$11,838$8,436$5,942$4,623
29 years$21,288$15,452$11,017$7,736$5,365$4,128
30 years$20,356$14,593$10,262$7,099$4,848$3,688
31 years$19,486$13,795$9,567$6,520$4,383$3,297
32 years$18,672$13,053$8,926$5,992$3,965$2,949
33 years$17,909$12,361$8,334$5,510$3,588$2,638
34 years$17,192$11,716$7,787$5,070$3,248$2,361
35 years$16,518$11,112$7,280$4,667$2,942$2,114
36 years$15,882$10,547$6,810$4,298$2,666$1,893
37 years$15,283$10,017$6,374$3,960$2,416$1,696
38 years$14,716$9,520$5,969$3,650$2,190$1,519
39 years$14,180$9,053$5,593$3,366$1,986$1,361
40 years$13,672$8,613$5,242$3,105$1,802$1,220
41 years$13,189$8,199$4,915$2,864$1,635$1,094
42 years$12,731$7,808$4,611$2,643$1,483$981
43 years$12,296$7,439$4,327$2,440$1,346$879
44 years$11,881$7,091$4,061$2,253$1,222$789
45 years$11,486$6,762$3,813$2,081$1,109$707
46 years$11,110$6,451$3,582$1,922$1,007$634
47 years$10,750$6,156$3,365$1,776$914$569
48 years$10,406$5,877$3,162$1,641$830$510
49 years$10,078$5,612$2,972$1,516$754$458
50 years$9,763$5,361$2,794$1,402$685$411

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 $4,095 every year, while hoping to spend $37,328 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: 66/26/8 Blend
58$10,000,000$10,000,000$10,000,000$10,000,000
59$11,024,224$10,494,224$10,339,224$11,734,831
60$12,108,978$10,968,724$10,645,871$12,682,199
61$13,303,126$11,465,224$10,961,540$13,712,345
62$14,617,787$11,984,762$11,286,494$14,837,196
63$16,065,212$12,528,426$11,621,002$16,065,983
64$17,658,901$13,097,356$11,965,343$17,408,859
65$19,413,730$13,692,748$12,319,803$18,876,993
66$21,346,091$14,315,853$12,684,677$20,482,672
67$23,474,045$14,967,983$13,060,267$22,239,416
68$25,817,497$15,650,513$13,446,884$24,162,102
69$28,398,377$16,364,883$13,844,851$26,267,102
70$31,240,853$17,112,604$14,254,495$28,572,431
71$34,371,555$17,895,258$14,676,156$31,097,919
72$37,819,830$18,714,501$15,110,183$33,865,390
73$41,618,013$19,572,072$15,556,935$36,898,866
74$45,801,739$20,469,792$16,016,781$40,224,793
75$50,410,274$21,409,569$16,490,100$43,872,280
76$55,486,887$22,393,403$16,977,283$47,873,379
77$61,079,259$23,423,390$17,478,732$52,263,371
78$67,239,934$24,501,727$17,994,860$57,081,108
79$74,026,811$25,630,715$18,526,092$62,369,363
80$81,503,695$26,812,769$19,072,865$68,175,237
81$89,740,894$28,050,417$19,635,629$74,550,595
82$98,815,888$29,346,310$20,214,845$81,552,549
83$108,814,057$30,703,227$20,810,990$89,243,997
84$119,829,485$32,124,080$21,424,553$97,694,202
85$131,965,853$33,611,921$22,056,036$106,979,448
86$145,337,415$35,169,949$22,705,958$117,183,749
87$160,070,073$36,801,519$23,374,850$128,399,637
88$176,302,573$38,510,146$24,063,259$140,729,026
89$194,187,806$40,299,513$24,771,749$154,284,170
90$213,894,257$42,173,485$25,500,897$169,188,714
91$235,607,594$44,136,108$26,251,301$185,578,850
92$259,532,420$46,191,629$27,023,570$203,604,599
93$285,894,202$48,344,494$27,818,335$223,431,213
94$314,941,405$50,599,368$28,636,244$245,240,732
95$346,947,831$52,961,140$29,477,961$269,233,686
96$382,215,209$55,434,935$30,344,171$295,630,982
97$421,076,038$58,026,125$31,235,579$324,675,979
98$463,896,730$60,740,341$32,152,907$356,636,771
99$511,081,067$63,583,488$33,096,900$391,808,709
100$563,074,013$66,561,757$34,068,323$430,517,176