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%17.1%
1 years$867,080$859,357$851,821$844,466$837,285$813,090
2 years$429,248$421,253$413,506$405,993$398,707$374,523
3 years$283,323$275,294$267,565$260,124$252,956$229,541
4 years$210,374$202,370$194,719$187,405$180,410$157,944
5 years$166,617$158,661$151,110$143,945$137,145$115,689
6 years$137,455$129,558$122,119$115,114$108,518$88,091
7 years$116,633$108,803$101,482$94,641$88,254$68,857
8 years$101,023$93,264$86,065$79,392$73,216$54,836
9 years$88,889$81,203$74,127$67,625$61,658$44,278
10 years$79,187$71,577$64,626$58,293$52,536$36,132
11 years$71,255$63,720$56,896$50,732$45,183$29,728
12 years$64,649$57,192$50,493$44,499$39,154$24,618
13 years$59,064$51,685$45,113$39,286$34,143$20,493
14 years$54,281$46,980$40,534$34,874$29,930$17,132
15 years$50,139$42,917$36,597$31,101$26,353$14,371
16 years$46,519$39,376$33,180$27,848$23,290$12,090
17 years$43,328$36,264$30,193$25,021$20,651$10,195
18 years$40,494$33,509$27,562$22,549$18,362$8,614
19 years$37,962$31,056$25,232$20,375$16,366$7,290
20 years$35,686$28,859$23,156$18,453$14,619$6,178
21 years$33,630$26,881$21,299$16,748$13,082$5,242
22 years$31,762$25,092$19,631$15,227$11,726$4,452
23 years$30,060$23,468$18,125$13,868$10,526$3,784
24 years$28,502$21,988$16,763$12,648$9,461$3,219
25 years$27,071$20,635$15,526$11,551$8,514$2,740
26 years$25,752$19,393$14,399$10,562$7,669$2,333
27 years$24,532$18,251$13,371$9,668$6,914$1,987
28 years$23,402$17,198$12,430$8,858$6,239$1,694
29 years$22,352$16,225$11,567$8,123$5,633$1,444
30 years$21,373$15,322$10,775$7,454$5,090$1,231
31 years$20,460$14,485$10,045$6,846$4,602$1,050
32 years$19,605$13,706$9,372$6,292$4,163$896
33 years$18,804$12,979$8,751$5,786$3,767$764
34 years$18,051$12,301$8,176$5,324$3,411$652
35 years$17,344$11,668$7,644$4,901$3,089$556
36 years$16,676$11,074$7,151$4,513$2,799$475
37 years$16,047$10,518$6,693$4,158$2,537$405
38 years$15,452$9,996$6,268$3,833$2,300$346
39 years$14,889$9,505$5,872$3,534$2,086$295
40 years$14,355$9,043$5,504$3,260$1,892$252
41 years$13,849$8,608$5,161$3,008$1,716$215
42 years$13,368$8,198$4,841$2,776$1,557$184
43 years$12,911$7,811$4,543$2,562$1,413$157
44 years$12,475$7,446$4,264$2,366$1,283$134
45 years$12,061$7,100$4,004$2,185$1,165$114
46 years$11,665$6,773$3,761$2,018$1,057$98
47 years$11,288$6,464$3,533$1,865$960$83
48 years$10,927$6,171$3,320$1,723$872$71
49 years$10,582$5,893$3,121$1,592$792$61
50 years$10,252$5,629$2,934$1,472$719$52

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 $4,446 every year, while hoping to spend $56,686 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: 62/16/22 Blend
58$10,500,000$10,500,000$10,500,000$10,500,000
59$11,575,586$11,019,086$10,856,336$12,226,392
60$12,695,982$11,498,708$11,159,710$13,146,461
61$13,928,759$11,999,931$11,471,347$14,143,875
62$15,285,320$12,523,755$11,791,464$15,231,588
63$16,778,228$13,071,224$12,120,283$16,418,412
64$18,421,327$13,643,435$12,458,033$17,714,041
65$20,229,872$14,241,532$12,804,947$19,129,143
66$22,220,670$14,866,718$13,161,264$20,675,457
67$24,412,241$15,520,250$13,527,228$22,365,903
68$26,824,992$16,203,444$13,903,093$24,214,704
69$29,481,408$16,917,680$14,289,113$26,237,511
70$32,406,267$17,664,402$14,685,554$28,451,558
71$35,626,871$18,445,123$15,092,685$30,875,812
72$39,173,305$19,261,426$15,510,783$33,531,158
73$43,078,718$20,114,972$15,940,130$36,440,589
74$47,379,640$21,007,499$16,381,017$39,629,420
75$52,116,323$21,940,826$16,833,741$43,125,527
76$57,333,122$22,916,861$17,298,606$46,959,604
77$63,078,915$23,937,601$17,775,923$51,165,453
78$69,407,559$25,005,139$18,266,012$55,780,296
79$76,378,405$26,121,666$18,769,198$60,845,124
80$84,056,853$27,289,477$19,285,816$66,405,084
81$92,514,969$28,510,979$19,816,209$72,509,897
82$101,832,169$29,788,691$20,360,725$79,214,325
83$112,095,965$31,125,251$20,919,724$86,578,683
84$123,402,791$32,523,426$21,493,572$94,669,409
85$135,858,914$33,986,112$22,082,645$103,559,678
86$149,581,436$35,516,344$22,687,326$113,330,098
87$164,699,400$37,117,302$23,308,009$124,069,459
88$181,355,007$38,792,318$23,945,096$135,875,570
89$199,704,958$40,544,883$24,598,997$148,856,174
90$219,921,935$42,378,652$25,270,134$163,129,963
91$242,196,225$44,297,460$25,958,937$178,827,693
92$266,737,524$46,305,319$26,665,845$196,093,409
93$293,776,910$48,406,439$27,391,310$215,085,802
94$323,569,027$50,605,226$28,135,790$235,979,700
95$356,394,486$52,906,300$28,899,757$258,967,709
96$392,562,516$55,314,501$29,683,692$284,262,032
97$432,413,883$57,834,902$30,488,086$312,096,454
98$476,324,104$60,472,817$31,313,442$342,728,552
99$524,706,994$63,233,816$32,160,273$376,442,112
100$578,018,570$66,123,736$33,029,105$413,549,803