Can I retire at age 61 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%20%
1 years$825,791$818,435$811,258$804,254$797,414$765,474
2 years$408,807$401,194$393,815$386,660$379,721$347,943
3 years$269,831$262,184$254,824$247,737$240,911$210,295
4 years$200,356$192,733$185,447$178,481$171,819$142,599
5 years$158,683$151,105$143,914$137,090$130,614$102,864
6 years$130,909$123,389$116,304$109,632$103,351$77,088
7 years$111,079$103,622$96,649$90,135$84,052$59,266
8 years$96,213$88,823$81,966$75,612$69,729$46,395
9 years$84,656$77,336$70,598$64,404$58,722$36,804
10 years$75,417$68,168$61,549$55,517$50,034$29,488
11 years$67,862$60,686$54,186$48,317$43,031$23,809
12 years$61,571$54,469$48,089$42,380$37,290$19,340
13 years$56,251$49,224$42,964$37,415$32,517$15,784
14 years$51,696$44,743$38,604$33,213$28,505$12,931
15 years$47,752$40,874$34,854$29,620$25,098$10,626
16 years$44,304$37,501$31,600$26,522$22,181$8,754
17 years$41,265$34,537$28,755$23,830$19,668$7,226
18 years$38,566$31,914$26,250$21,475$17,487$5,975
19 years$36,155$29,577$24,030$19,405$15,587$4,947
20 years$33,987$27,484$22,054$17,575$13,923$4,100
21 years$32,028$25,601$20,285$15,950$12,459$3,402
22 years$30,250$23,897$18,696$14,502$11,168$2,824
23 years$28,629$22,351$17,262$13,208$10,025$2,346
24 years$27,145$20,941$15,965$12,046$9,011$1,950
25 years$25,782$19,652$14,787$11,001$8,108$1,622
26 years$24,525$18,470$13,714$10,059$7,304$1,349
27 years$23,364$17,382$12,734$9,207$6,585$1,123
28 years$22,288$16,379$11,838$8,436$5,942$934
29 years$21,288$15,452$11,017$7,736$5,365$778
30 years$20,356$14,593$10,262$7,099$4,848$648
31 years$19,486$13,795$9,567$6,520$4,383$539
32 years$18,672$13,053$8,926$5,992$3,965$449
33 years$17,909$12,361$8,334$5,510$3,588$374
34 years$17,192$11,716$7,787$5,070$3,248$312
35 years$16,518$11,112$7,280$4,667$2,942$260
36 years$15,882$10,547$6,810$4,298$2,666$216
37 years$15,283$10,017$6,374$3,960$2,416$180
38 years$14,716$9,520$5,969$3,650$2,190$150
39 years$14,180$9,053$5,593$3,366$1,986$125
40 years$13,672$8,613$5,242$3,105$1,802$104
41 years$13,189$8,199$4,915$2,864$1,635$87
42 years$12,731$7,808$4,611$2,643$1,483$72
43 years$12,296$7,439$4,327$2,440$1,346$60
44 years$11,881$7,091$4,061$2,253$1,222$50
45 years$11,486$6,762$3,813$2,081$1,109$42
46 years$11,110$6,451$3,582$1,922$1,007$35
47 years$10,750$6,156$3,365$1,776$914$29
48 years$10,406$5,877$3,162$1,641$830$24
49 years$10,078$5,612$2,972$1,516$754$20
50 years$9,763$5,361$2,794$1,402$685$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,000,000, adding $6,294 every year, while hoping to spend $51,417 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: 50/24/26 Blend
60$10,000,000$10,000,000$10,000,000$10,000,000
61$11,026,492$10,496,492$10,341,492$11,496,593
62$12,096,487$10,956,113$10,633,225$12,284,639
63$13,273,898$11,436,532$10,933,007$13,135,021
64$14,569,628$11,938,714$11,241,055$14,058,300
65$15,995,688$12,463,669$11,557,589$15,061,408
66$17,565,315$13,012,456$11,882,835$16,151,968
67$19,293,094$13,586,183$12,217,026$17,338,355
68$21,195,093$14,186,009$12,560,400$18,629,781
69$23,289,020$14,813,152$12,913,202$20,036,374
70$25,594,387$15,468,883$13,275,681$21,569,273
71$28,132,693$16,154,537$13,648,094$23,240,728
72$30,927,628$16,871,509$14,030,706$25,064,217
73$34,005,297$17,621,264$14,423,785$27,054,563
74$37,394,463$18,405,332$14,827,608$29,228,075
75$41,126,825$19,225,319$15,242,459$31,602,700
76$45,237,308$20,082,907$15,668,628$34,198,182
77$49,764,400$20,979,856$16,106,414$37,036,254
78$54,750,512$21,918,012$16,556,122$40,140,828
79$60,242,376$22,899,307$17,018,064$43,538,227
80$66,291,491$23,925,766$17,492,562$47,257,422
81$72,954,605$24,999,509$17,979,944$51,330,303
82$80,294,249$26,122,760$18,480,547$55,791,975
83$88,379,332$27,297,845$18,994,715$60,681,087
84$97,285,789$28,527,204$19,522,803$66,040,187
85$107,097,295$29,813,393$20,065,172$71,916,121
86$117,906,058$31,159,088$20,622,194$78,360,470
87$129,813,687$32,567,094$21,194,249$85,430,029
88$142,932,152$34,040,351$21,781,725$93,187,339
89$157,384,841$35,581,937$22,385,023$101,701,268
90$173,307,723$37,195,081$23,004,549$111,047,659
91$190,850,632$38,883,161$23,640,723$121,310,033
92$210,178,682$40,649,721$24,293,973$132,580,375
93$231,473,823$42,498,474$24,964,737$144,959,993
94$254,936,562$44,433,307$25,653,464$158,560,466
95$280,787,851$46,458,299$26,360,615$173,504,689
96$309,271,176$48,577,720$27,086,659$189,928,024
97$340,654,853$50,796,046$27,832,080$207,979,571
98$375,234,563$53,117,967$28,597,369$227,823,564
99$413,336,140$55,548,399$29,383,033$249,640,911
100$455,318,649$58,092,493$30,189,587$273,630,892