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%11.3%
1 years$867,080$859,357$851,821$844,466$837,285$832,706
2 years$429,248$421,253$413,506$405,993$398,707$394,087
3 years$283,323$275,294$267,565$260,124$252,956$248,438
4 years$210,374$202,370$194,719$187,405$180,410$176,029
5 years$166,617$158,661$151,110$143,945$137,145$132,913
6 years$137,455$129,558$122,119$115,114$108,518$104,441
7 years$116,633$108,803$101,482$94,641$88,254$84,333
8 years$101,023$93,264$86,065$79,392$73,216$69,452
9 years$88,889$81,203$74,127$67,625$61,658$58,050
10 years$79,187$71,577$64,626$58,293$52,536$49,082
11 years$71,255$63,720$56,896$50,732$45,183$41,881
12 years$64,649$57,192$50,493$44,499$39,154$36,002
13 years$59,064$51,685$45,113$39,286$34,143$31,137
14 years$54,281$46,980$40,534$34,874$29,930$27,067
15 years$50,139$42,917$36,597$31,101$26,353$23,629
16 years$46,519$39,376$33,180$27,848$23,290$20,702
17 years$43,328$36,264$30,193$25,021$20,651$18,194
18 years$40,494$33,509$27,562$22,549$18,362$16,032
19 years$37,962$31,056$25,232$20,375$16,366$14,159
20 years$35,686$28,859$23,156$18,453$14,619$12,530
21 years$33,630$26,881$21,299$16,748$13,082$11,108
22 years$31,762$25,092$19,631$15,227$11,726$9,862
23 years$30,060$23,468$18,125$13,868$10,526$8,767
24 years$28,502$21,988$16,763$12,648$9,461$7,803
25 years$27,071$20,635$15,526$11,551$8,514$6,953
26 years$25,752$19,393$14,399$10,562$7,669$6,200
27 years$24,532$18,251$13,371$9,668$6,914$5,534
28 years$23,402$17,198$12,430$8,858$6,239$4,942
29 years$22,352$16,225$11,567$8,123$5,633$4,417
30 years$21,373$15,322$10,775$7,454$5,090$3,950
31 years$20,460$14,485$10,045$6,846$4,602$3,534
32 years$19,605$13,706$9,372$6,292$4,163$3,163
33 years$18,804$12,979$8,751$5,786$3,767$2,832
34 years$18,051$12,301$8,176$5,324$3,411$2,537
35 years$17,344$11,668$7,644$4,901$3,089$2,273
36 years$16,676$11,074$7,151$4,513$2,799$2,037
37 years$16,047$10,518$6,693$4,158$2,537$1,826
38 years$15,452$9,996$6,268$3,833$2,300$1,638
39 years$14,889$9,505$5,872$3,534$2,086$1,469
40 years$14,355$9,043$5,504$3,260$1,892$1,318
41 years$13,849$8,608$5,161$3,008$1,716$1,182
42 years$13,368$8,198$4,841$2,776$1,557$1,061
43 years$12,911$7,811$4,543$2,562$1,413$952
44 years$12,475$7,446$4,264$2,366$1,283$854
45 years$12,061$7,100$4,004$2,185$1,165$767
46 years$11,665$6,773$3,761$2,018$1,057$689
47 years$11,288$6,464$3,533$1,865$960$618
48 years$10,927$6,171$3,320$1,723$872$555
49 years$10,582$5,893$3,121$1,592$792$498
50 years$10,252$5,629$2,934$1,472$719$448

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 $2,906 every year, while hoping to spend $51,348 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: 47/47/6 Blend
59$10,500,000$10,500,000$10,500,000$10,500,000
60$11,573,998$11,017,498$10,854,748$12,099,477
61$12,699,911$11,502,721$11,163,748$12,945,230
62$13,938,948$12,010,000$11,481,378$13,856,902
63$15,302,590$12,540,359$11,807,875$14,845,046
64$16,803,493$13,094,876$12,143,477$15,916,761
65$18,455,600$13,674,675$12,488,434$17,079,840
66$20,274,273$14,280,936$12,842,998$18,342,837
67$22,276,441$14,914,894$13,207,431$19,715,145
68$24,480,757$15,577,843$13,581,999$21,207,081
69$26,907,775$16,271,138$13,966,977$22,829,975
70$29,580,144$16,996,200$14,362,646$24,596,274
71$32,522,819$17,754,514$14,769,295$26,519,657
72$35,763,300$18,547,638$15,187,220$28,615,153
73$39,331,889$19,377,206$15,616,725$30,899,280
74$43,261,978$20,244,925$16,058,121$33,390,195
75$47,590,360$21,152,587$16,511,729$36,107,858
76$52,357,581$22,102,067$16,977,875$39,074,214
77$57,608,317$23,095,332$17,456,898$42,313,394
78$63,391,802$24,134,440$17,949,140$45,851,934
79$69,762,287$25,221,548$18,454,958$49,719,019
80$76,779,553$26,358,917$18,974,712$53,946,748
81$84,509,479$27,548,915$19,508,776$58,570,434
82$93,024,657$28,794,023$20,057,531$63,628,923
83$102,405,082$30,096,840$20,621,368$69,164,953
84$112,738,905$31,460,091$21,200,689$75,225,549
85$124,123,267$32,886,628$21,795,906$81,862,457
86$136,665,211$34,379,444$22,407,439$89,132,619
87$150,482,696$35,941,670$23,035,722$97,098,704
88$165,705,710$37,576,591$23,681,197$105,829,685
89$182,477,496$39,287,647$24,344,321$115,401,476
90$200,955,902$41,078,444$25,025,557$125,897,641
91$221,314,876$42,952,759$25,725,385$137,410,166
92$243,746,101$44,914,552$26,444,293$150,040,316
93$268,460,810$46,967,972$27,182,784$163,899,572
94$295,691,776$49,117,366$27,941,371$179,110,674
95$325,695,512$51,367,292$28,720,582$195,808,758
96$358,754,689$53,722,524$29,520,956$214,142,620
97$395,180,807$56,188,067$30,343,047$234,276,100
98$435,317,132$58,769,166$31,187,423$256,389,610
99$479,541,941$61,471,316$32,054,663$280,681,822
100$528,272,088$64,300,279$32,945,363$307,371,519