Can I retire at age 60 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%18.3%
1 years$867,080$859,357$851,821$844,466$837,285$809,188
2 years$429,248$421,253$413,506$405,993$398,707$370,677
3 years$283,323$275,294$267,565$260,124$252,956$225,873
4 years$210,374$202,370$194,719$187,405$180,410$154,482
5 years$166,617$158,661$151,110$143,945$137,145$112,439
6 years$137,455$129,558$122,119$115,114$108,518$85,056
7 years$116,633$108,803$101,482$94,641$88,254$66,031
8 years$101,023$93,264$86,065$79,392$73,216$52,215
9 years$88,889$81,203$74,127$67,625$61,658$41,855
10 years$79,187$71,577$64,626$58,293$52,536$33,898
11 years$71,255$63,720$56,896$50,732$45,183$27,674
12 years$64,649$57,192$50,493$44,499$39,154$22,736
13 years$59,064$51,685$45,113$39,286$34,143$18,773
14 years$54,281$46,980$40,534$34,874$29,930$15,564
15 years$50,139$42,917$36,597$31,101$26,353$12,946
16 years$46,519$39,376$33,180$27,848$23,290$10,797
17 years$43,328$36,264$30,193$25,021$20,651$9,025
18 years$40,494$33,509$27,562$22,549$18,362$7,558
19 years$37,962$31,056$25,232$20,375$16,366$6,339
20 years$35,686$28,859$23,156$18,453$14,619$5,323
21 years$33,630$26,881$21,299$16,748$13,082$4,475
22 years$31,762$25,092$19,631$15,227$11,726$3,765
23 years$30,060$23,468$18,125$13,868$10,526$3,170
24 years$28,502$21,988$16,763$12,648$9,461$2,671
25 years$27,071$20,635$15,526$11,551$8,514$2,251
26 years$25,752$19,393$14,399$10,562$7,669$1,899
27 years$24,532$18,251$13,371$9,668$6,914$1,602
28 years$23,402$17,198$12,430$8,858$6,239$1,352
29 years$22,352$16,225$11,567$8,123$5,633$1,141
30 years$21,373$15,322$10,775$7,454$5,090$963
31 years$20,460$14,485$10,045$6,846$4,602$813
32 years$19,605$13,706$9,372$6,292$4,163$687
33 years$18,804$12,979$8,751$5,786$3,767$580
34 years$18,051$12,301$8,176$5,324$3,411$490
35 years$17,344$11,668$7,644$4,901$3,089$414
36 years$16,676$11,074$7,151$4,513$2,799$350
37 years$16,047$10,518$6,693$4,158$2,537$296
38 years$15,452$9,996$6,268$3,833$2,300$250
39 years$14,889$9,505$5,872$3,534$2,086$211
40 years$14,355$9,043$5,504$3,260$1,892$178
41 years$13,849$8,608$5,161$3,008$1,716$151
42 years$13,368$8,198$4,841$2,776$1,557$128
43 years$12,911$7,811$4,543$2,562$1,413$108
44 years$12,475$7,446$4,264$2,366$1,283$91
45 years$12,061$7,100$4,004$2,185$1,165$77
46 years$11,665$6,773$3,761$2,018$1,057$65
47 years$11,288$6,464$3,533$1,865$960$55
48 years$10,927$6,171$3,320$1,723$872$46
49 years$10,582$5,893$3,121$1,592$792$39
50 years$10,252$5,629$2,934$1,472$719$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $10,500,000, adding $6,260 every year, while hoping to spend $25,284 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: 69/15/16 Blend
59$10,500,000$10,500,000$10,500,000$10,500,000
60$11,577,457$11,020,957$10,858,207$12,332,391
61$12,731,456$11,534,082$11,195,055$13,349,082
62$14,002,315$12,071,503$11,542,340$14,457,478
63$15,401,928$12,634,383$11,900,385$15,669,564
64$16,943,399$13,223,943$12,269,523$16,995,551
65$18,641,171$13,841,461$12,650,097$18,446,678
66$20,511,155$14,488,278$13,042,460$20,035,314
67$22,570,889$15,165,799$13,446,979$21,775,076
68$24,839,695$15,875,498$13,864,028$23,680,950
69$27,338,866$16,618,920$14,293,995$25,769,434
70$30,091,867$17,397,684$14,737,280$28,058,691
71$33,124,553$18,213,486$15,194,295$30,568,717
72$36,465,418$19,068,107$15,665,464$33,321,527
73$40,145,860$19,963,413$16,151,226$36,341,362
74$44,200,476$20,901,359$16,652,031$39,654,912
75$48,667,396$21,883,997$17,168,345$43,291,569
76$53,588,633$22,913,475$17,700,647$47,283,698
77$59,010,486$23,992,049$18,249,432$51,666,940
78$64,983,977$25,122,081$18,815,209$56,480,546
79$71,565,329$26,306,048$19,398,504$61,767,744
80$78,816,497$27,546,549$19,999,859$67,576,144
81$86,805,757$28,846,307$20,619,831$73,958,179
82$95,608,345$30,208,178$21,258,997$80,971,605
83$105,307,173$31,635,154$21,917,949$88,680,034
84$115,993,604$33,130,376$22,597,300$97,153,532
85$127,768,321$34,697,135$23,297,680$106,469,280
86$140,742,276$36,338,881$24,019,738$116,712,292
87$155,037,735$38,059,232$24,764,146$127,976,218
88$170,789,432$39,861,983$25,531,593$140,364,220
89$188,145,844$41,751,110$26,322,792$153,989,938
90$207,270,591$43,730,786$27,138,476$168,978,565
91$228,343,980$45,805,382$27,979,403$185,468,014
92$251,564,705$47,979,485$28,846,352$203,610,221
93$277,151,728$50,257,903$29,740,128$223,572,570
94$305,346,341$52,645,677$30,661,559$245,539,463
95$336,414,446$55,148,094$31,611,500$269,714,063
96$370,649,065$57,770,696$32,590,831$296,320,194
97$408,373,107$60,519,297$33,600,461$325,604,454
98$449,942,413$63,399,992$34,641,325$357,838,532
99$495,749,118$66,419,170$35,714,389$393,321,766
100$546,225,353$69,583,535$36,820,646$432,383,958