Can I retire at age 60 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%13.3%
1 years$825,791$818,435$811,258$804,254$797,414$786,472
2 years$408,807$401,194$393,815$386,660$379,721$368,716
3 years$269,831$262,184$254,824$247,737$240,911$230,185
4 years$200,356$192,733$185,447$178,481$171,819$161,456
5 years$158,683$151,105$143,914$137,090$130,614$120,644
6 years$130,909$123,389$116,304$109,632$103,351$93,784
7 years$111,079$103,622$96,649$90,135$84,052$74,893
8 years$96,213$88,823$81,966$75,612$69,729$60,976
9 years$84,656$77,336$70,598$64,404$58,722$50,371
10 years$75,417$68,168$61,549$55,517$50,034$42,080
11 years$67,862$60,686$54,186$48,317$43,031$35,465
12 years$61,571$54,469$48,089$42,380$37,290$30,104
13 years$56,251$49,224$42,964$37,415$32,517$25,702
14 years$51,696$44,743$38,604$33,213$28,505$22,049
15 years$47,752$40,874$34,854$29,620$25,098$18,991
16 years$44,304$37,501$31,600$26,522$22,181$16,412
17 years$41,265$34,537$28,755$23,830$19,668$14,223
18 years$38,566$31,914$26,250$21,475$17,487$12,356
19 years$36,155$29,577$24,030$19,405$15,587$10,757
20 years$33,987$27,484$22,054$17,575$13,923$9,381
21 years$32,028$25,601$20,285$15,950$12,459$8,193
22 years$30,250$23,897$18,696$14,502$11,168$7,166
23 years$28,629$22,351$17,262$13,208$10,025$6,274
24 years$27,145$20,941$15,965$12,046$9,011$5,499
25 years$25,782$19,652$14,787$11,001$8,108$4,824
26 years$24,525$18,470$13,714$10,059$7,304$4,234
27 years$23,364$17,382$12,734$9,207$6,585$3,720
28 years$22,288$16,379$11,838$8,436$5,942$3,269
29 years$21,288$15,452$11,017$7,736$5,365$2,875
30 years$20,356$14,593$10,262$7,099$4,848$2,529
31 years$19,486$13,795$9,567$6,520$4,383$2,226
32 years$18,672$13,053$8,926$5,992$3,965$1,960
33 years$17,909$12,361$8,334$5,510$3,588$1,726
34 years$17,192$11,716$7,787$5,070$3,248$1,520
35 years$16,518$11,112$7,280$4,667$2,942$1,340
36 years$15,882$10,547$6,810$4,298$2,666$1,181
37 years$15,283$10,017$6,374$3,960$2,416$1,041
38 years$14,716$9,520$5,969$3,650$2,190$917
39 years$14,180$9,053$5,593$3,366$1,986$809
40 years$13,672$8,613$5,242$3,105$1,802$713
41 years$13,189$8,199$4,915$2,864$1,635$629
42 years$12,731$7,808$4,611$2,643$1,483$555
43 years$12,296$7,439$4,327$2,440$1,346$489
44 years$11,881$7,091$4,061$2,253$1,222$432
45 years$11,486$6,762$3,813$2,081$1,109$381
46 years$11,110$6,451$3,582$1,922$1,007$336
47 years$10,750$6,156$3,365$1,776$914$296
48 years$10,406$5,877$3,162$1,641$830$262
49 years$10,078$5,612$2,972$1,516$754$231
50 years$9,763$5,361$2,794$1,402$685$204

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,000,000, adding $4,762 every year, while hoping to spend $35,741 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: 40/32/28 Blend
59$10,000,000$10,000,000$10,000,000$10,000,000
60$11,024,912$10,494,912$10,339,912$11,374,554
61$12,111,425$10,971,135$10,648,271$12,105,408
62$13,307,564$11,469,494$10,965,762$12,891,910
63$14,624,474$11,991,038$11,292,653$13,742,153
64$16,074,434$12,536,862$11,629,221$14,661,997
65$17,670,976$13,108,118$11,975,749$15,657,877
66$19,429,008$13,706,008$12,332,530$16,736,852
67$21,364,961$14,331,797$12,699,864$17,906,676
68$23,496,939$14,986,806$13,078,060$19,175,863
69$25,844,889$15,672,423$13,467,438$20,553,763
70$28,430,796$16,390,099$13,868,325$22,050,650
71$31,278,881$17,141,358$14,281,058$23,677,810
72$34,415,838$17,927,796$14,705,984$25,447,644
73$37,871,079$18,751,084$15,143,461$27,373,784
74$41,677,017$19,612,974$15,593,855$29,471,210
75$45,869,368$20,515,305$16,057,544$31,756,393
76$50,487,489$21,460,001$16,534,917$34,247,441
77$55,574,751$22,449,080$17,026,376$36,964,264
78$61,178,947$23,484,655$17,532,330$39,928,758
79$67,352,741$24,568,945$18,053,204$43,165,005
80$74,154,168$25,704,271$18,589,435$46,699,493
81$81,647,182$26,893,069$19,141,469$50,561,359
82$89,902,256$28,137,890$19,709,770$54,782,658
83$98,997,049$29,441,411$20,294,811$59,398,659
84$109,017,142$30,806,433$20,897,080$64,448,168
85$120,056,839$32,235,898$21,517,081$69,973,886
86$132,220,064$33,732,884$22,155,331$76,022,807
87$145,621,337$35,300,622$22,812,361$82,646,649
88$160,386,857$36,942,496$23,488,719$89,902,335
89$176,655,692$38,662,054$24,184,967$97,852,522
90$194,581,094$40,463,016$24,901,684$106,566,177
91$214,331,943$42,349,280$25,639,467$116,119,226
92$236,094,340$44,324,934$26,398,929$126,595,251
93$260,073,369$46,394,262$27,180,699$138,086,275
94$286,495,027$48,561,756$27,985,427$150,693,611
95$315,608,361$50,832,123$28,813,780$164,528,813
96$347,687,817$53,210,299$29,666,444$179,714,714
97$383,035,830$55,701,460$30,544,126$196,386,568
98$421,985,682$58,311,029$31,447,552$214,693,317
99$464,904,645$61,044,693$32,377,468$234,798,980
100$512,197,449$63,908,413$33,334,644$256,884,186