Can I retire at age 59 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$867,080$859,357$851,821$844,466$837,285$812,436
2 years$429,248$421,253$413,506$405,993$398,707$373,877
3 years$283,323$275,294$267,565$260,124$252,956$228,924
4 years$210,374$202,370$194,719$187,405$180,410$157,361
5 years$166,617$158,661$151,110$143,945$137,145$115,140
6 years$137,455$129,558$122,119$115,114$108,518$87,577
7 years$116,633$108,803$101,482$94,641$88,254$68,377
8 years$101,023$93,264$86,065$79,392$73,216$54,390
9 years$88,889$81,203$74,127$67,625$61,658$43,865
10 years$79,187$71,577$64,626$58,293$52,536$35,750
11 years$71,255$63,720$56,896$50,732$45,183$29,375
12 years$64,649$57,192$50,493$44,499$39,154$24,294
13 years$59,064$51,685$45,113$39,286$34,143$20,196
14 years$54,281$46,980$40,534$34,874$29,930$16,860
15 years$50,139$42,917$36,597$31,101$26,353$14,124
16 years$46,519$39,376$33,180$27,848$23,290$11,865
17 years$43,328$36,264$30,193$25,021$20,651$9,991
18 years$40,494$33,509$27,562$22,549$18,362$8,429
19 years$37,962$31,056$25,232$20,375$16,366$7,123
20 years$35,686$28,859$23,156$18,453$14,619$6,027
21 years$33,630$26,881$21,299$16,748$13,082$5,106
22 years$31,762$25,092$19,631$15,227$11,726$4,330
23 years$30,060$23,468$18,125$13,868$10,526$3,674
24 years$28,502$21,988$16,763$12,648$9,461$3,120
25 years$27,071$20,635$15,526$11,551$8,514$2,652
26 years$25,752$19,393$14,399$10,562$7,669$2,254
27 years$24,532$18,251$13,371$9,668$6,914$1,917
28 years$23,402$17,198$12,430$8,858$6,239$1,631
29 years$22,352$16,225$11,567$8,123$5,633$1,388
30 years$21,373$15,322$10,775$7,454$5,090$1,182
31 years$20,460$14,485$10,045$6,846$4,602$1,006
32 years$19,605$13,706$9,372$6,292$4,163$857
33 years$18,804$12,979$8,751$5,786$3,767$730
34 years$18,051$12,301$8,176$5,324$3,411$622
35 years$17,344$11,668$7,644$4,901$3,089$530
36 years$16,676$11,074$7,151$4,513$2,799$451
37 years$16,047$10,518$6,693$4,158$2,537$385
38 years$15,452$9,996$6,268$3,833$2,300$328
39 years$14,889$9,505$5,872$3,534$2,086$279
40 years$14,355$9,043$5,504$3,260$1,892$238
41 years$13,849$8,608$5,161$3,008$1,716$203
42 years$13,368$8,198$4,841$2,776$1,557$173
43 years$12,911$7,811$4,543$2,562$1,413$147
44 years$12,475$7,446$4,264$2,366$1,283$126
45 years$12,061$7,100$4,004$2,185$1,165$107
46 years$11,665$6,773$3,761$2,018$1,057$91
47 years$11,288$6,464$3,533$1,865$960$78
48 years$10,927$6,171$3,320$1,723$872$66
49 years$10,582$5,893$3,121$1,592$792$57
50 years$10,252$5,629$2,934$1,472$719$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,500,000, adding $2,688 every year, while hoping to spend $26,128 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: 69/9/22 Blend
58$10,500,000$10,500,000$10,500,000$10,500,000
59$11,573,773$11,017,273$10,854,523$12,308,371
60$12,726,497$11,529,319$11,190,349$13,312,091
61$13,995,925$12,065,580$11,536,550$14,406,754
62$15,393,930$12,627,214$11,893,446$15,604,015
63$16,933,600$13,215,437$12,261,365$16,914,014
64$18,629,355$13,831,522$12,640,649$18,347,913
65$20,497,087$14,476,803$13,031,648$19,918,003
66$22,554,304$15,152,681$13,434,722$21,637,810
67$24,820,302$15,860,622$13,850,245$23,522,231
68$27,316,344$16,602,164$14,278,600$25,587,665
69$30,065,860$17,378,919$14,720,182$27,852,170
70$33,094,670$18,192,577$15,175,399$30,335,631
71$36,431,223$19,044,911$15,644,673$33,059,946
72$40,106,874$19,937,777$16,128,435$36,049,226
73$44,156,170$20,873,123$16,627,132$39,330,029
74$48,617,184$21,852,991$17,141,226$42,931,602
75$53,531,869$22,879,520$17,671,190$46,886,154
76$58,946,458$23,954,955$18,217,513$51,229,163
77$64,911,897$25,081,648$18,780,699$55,999,704
78$71,484,327$26,262,065$19,361,269$61,240,817
79$78,725,614$27,498,792$19,959,758$66,999,911
80$86,703,934$28,794,540$20,576,717$73,329,205
81$95,494,414$30,152,151$21,212,716$80,286,223
82$105,179,844$31,574,606$21,868,341$87,934,332
83$115,851,454$33,065,028$22,544,197$96,343,334
84$127,609,783$34,626,694$23,240,908$105,590,126
85$140,565,617$36,263,039$23,959,114$115,759,420
86$154,841,044$37,977,663$24,699,480$126,944,541
87$170,570,605$39,774,342$25,462,686$139,248,300
88$187,902,557$41,657,035$26,249,436$152,783,964
89$207,000,281$43,629,893$27,060,456$167,676,322
90$228,043,821$45,697,269$27,896,492$184,062,856
91$251,231,581$47,863,726$28,758,315$202,095,036
92$276,782,202$50,134,048$29,646,719$221,939,743
93$304,936,625$52,513,254$30,562,522$243,780,844
94$335,960,361$55,006,605$31,506,567$267,820,917
95$370,146,005$57,619,615$32,479,724$294,283,165
96$407,815,992$60,358,071$33,482,889$323,413,510
97$449,325,643$63,228,036$34,516,986$355,482,914
98$495,066,519$66,235,871$35,582,966$390,789,930
99$545,470,120$69,388,244$36,681,810$429,663,513
100$601,011,952$72,692,148$37,814,531$472,466,121