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%12.4%
1 years$825,791$818,435$811,258$804,254$797,414$789,415
2 years$408,807$401,194$393,815$386,660$379,721$371,664
3 years$269,831$262,184$254,824$247,737$240,911$233,046
4 years$200,356$192,733$185,447$178,481$171,819$164,208
5 years$158,683$151,105$143,914$137,090$130,614$123,278
6 years$130,909$123,389$116,304$109,632$103,351$96,299
7 years$111,079$103,622$96,649$90,135$84,052$77,287
8 years$96,213$88,823$81,966$75,612$69,729$63,251
9 years$84,656$77,336$70,598$64,404$58,722$52,529
10 years$75,417$68,168$61,549$55,517$50,034$44,122
11 years$67,862$60,686$54,186$48,317$43,031$37,395
12 years$61,571$54,469$48,089$42,380$37,290$31,924
13 years$56,251$49,224$42,964$37,415$32,517$27,416
14 years$51,696$44,743$38,604$33,213$28,505$23,660
15 years$47,752$40,874$34,854$29,620$25,098$20,503
16 years$44,304$37,501$31,600$26,522$22,181$17,829
17 years$41,265$34,537$28,755$23,830$19,668$15,550
18 years$38,566$31,914$26,250$21,475$17,487$13,596
19 years$36,155$29,577$24,030$19,405$15,587$11,914
20 years$33,987$27,484$22,054$17,575$13,923$10,459
21 years$32,028$25,601$20,285$15,950$12,459$9,197
22 years$30,250$23,897$18,696$14,502$11,168$8,098
23 years$28,629$22,351$17,262$13,208$10,025$7,140
24 years$27,145$20,941$15,965$12,046$9,011$6,301
25 years$25,782$19,652$14,787$11,001$8,108$5,567
26 years$24,525$18,470$13,714$10,059$7,304$4,922
27 years$23,364$17,382$12,734$9,207$6,585$4,355
28 years$22,288$16,379$11,838$8,436$5,942$3,855
29 years$21,288$15,452$11,017$7,736$5,365$3,415
30 years$20,356$14,593$10,262$7,099$4,848$3,027
31 years$19,486$13,795$9,567$6,520$4,383$2,684
32 years$18,672$13,053$8,926$5,992$3,965$2,380
33 years$17,909$12,361$8,334$5,510$3,588$2,112
34 years$17,192$11,716$7,787$5,070$3,248$1,875
35 years$16,518$11,112$7,280$4,667$2,942$1,664
36 years$15,882$10,547$6,810$4,298$2,666$1,478
37 years$15,283$10,017$6,374$3,960$2,416$1,313
38 years$14,716$9,520$5,969$3,650$2,190$1,166
39 years$14,180$9,053$5,593$3,366$1,986$1,036
40 years$13,672$8,613$5,242$3,105$1,802$921
41 years$13,189$8,199$4,915$2,864$1,635$818
42 years$12,731$7,808$4,611$2,643$1,483$727
43 years$12,296$7,439$4,327$2,440$1,346$647
44 years$11,881$7,091$4,061$2,253$1,222$575
45 years$11,486$6,762$3,813$2,081$1,109$511
46 years$11,110$6,451$3,582$1,922$1,007$454
47 years$10,750$6,156$3,365$1,776$914$404
48 years$10,406$5,877$3,162$1,641$830$359
49 years$10,078$5,612$2,972$1,516$754$320
50 years$9,763$5,361$2,794$1,402$685$284

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 $5,284 every year, while hoping to spend $51,601 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: 69/14/17 Blend
60$10,000,000$10,000,000$10,000,000$10,000,000
61$11,025,450$10,495,450$10,340,450$11,741,207
62$12,095,143$10,954,824$10,631,952$12,678,265
63$13,272,215$11,434,978$10,931,490$13,696,573
64$14,567,565$11,936,876$11,239,279$14,809,465
65$15,993,200$12,461,526$11,555,538$16,026,257
66$17,562,352$13,009,986$11,880,494$17,357,206
67$19,289,599$13,583,363$12,214,378$18,813,600
68$21,191,006$14,182,816$12,557,428$20,407,868
69$23,284,274$14,809,559$12,909,886$22,153,688
70$25,588,906$15,464,863$13,272,004$24,066,122
71$28,126,394$16,150,061$13,644,035$26,161,753
72$30,920,419$16,866,547$14,026,244$28,458,839
73$33,997,077$17,615,783$14,418,898$30,977,484
74$37,385,121$18,399,299$14,822,273$33,739,825
75$41,116,236$19,218,697$15,236,653$36,770,240
76$45,225,337$20,075,659$15,662,325$40,095,575
77$49,750,897$20,971,941$16,099,588$43,745,394
78$54,735,310$21,909,387$16,548,746$47,752,258
79$60,225,292$22,889,928$17,010,109$52,152,028
80$66,272,322$23,915,585$17,483,998$56,984,200
81$72,933,127$24,988,477$17,970,740$62,292,276
82$80,270,216$26,110,822$18,470,671$68,124,174
83$88,352,473$27,284,947$18,984,133$74,532,672
84$97,255,803$28,513,287$19,511,479$81,575,907
85$107,063,851$29,798,394$20,053,069$89,317,919
86$117,868,790$31,142,942$20,609,274$97,829,254
87$129,772,192$32,549,732$21,180,470$107,187,623
88$142,885,987$34,021,700$21,767,047$117,478,633
89$157,333,515$35,561,920$22,369,400$128,796,593
90$173,250,695$37,173,616$22,987,937$141,245,397
91$190,787,306$38,860,163$23,623,073$154,939,504
92$210,108,400$40,625,100$24,275,235$170,005,010
93$231,395,861$42,472,134$24,944,859$186,580,838
94$254,850,119$44,405,149$25,632,392$204,820,041
95$280,692,046$46,428,217$26,338,292$224,891,243
96$309,165,037$48,545,601$27,063,027$246,980,227
97$340,537,308$50,761,773$27,807,076$271,291,679
98$375,104,431$53,081,417$28,570,930$298,051,120
99$413,192,118$55,509,442$29,355,091$327,507,027
100$455,159,300$58,050,991$30,160,074$359,933,168