Can I retire at age 65 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%14.7%
1 years$825,791$818,435$811,258$804,254$797,414$781,953
2 years$408,807$401,194$393,815$386,660$379,721$364,207
3 years$269,831$262,184$254,824$247,737$240,911$225,828
4 years$200,356$192,733$185,447$178,481$171,819$157,284
5 years$158,683$151,105$143,914$137,090$130,614$116,667
6 years$130,909$123,389$116,304$109,632$103,351$90,007
7 years$111,079$103,622$96,649$90,135$84,052$71,315
8 years$96,213$88,823$81,966$75,612$69,729$57,596
9 years$84,656$77,336$70,598$64,404$58,722$47,184
10 years$75,417$68,168$61,549$55,517$50,034$39,081
11 years$67,862$60,686$54,186$48,317$43,031$32,650
12 years$61,571$54,469$48,089$42,380$37,290$27,466
13 years$56,251$49,224$42,964$37,415$32,517$23,234
14 years$51,696$44,743$38,604$33,213$28,505$19,745
15 years$47,752$40,874$34,854$29,620$25,098$16,844
16 years$44,304$37,501$31,600$26,522$22,181$14,414
17 years$41,265$34,537$28,755$23,830$19,668$12,368
18 years$38,566$31,914$26,250$21,475$17,487$10,636
19 years$36,155$29,577$24,030$19,405$15,587$9,164
20 years$33,987$27,484$22,054$17,575$13,923$7,909
21 years$32,028$25,601$20,285$15,950$12,459$6,835
22 years$30,250$23,897$18,696$14,502$11,168$5,914
23 years$28,629$22,351$17,262$13,208$10,025$5,122
24 years$27,145$20,941$15,965$12,046$9,011$4,441
25 years$25,782$19,652$14,787$11,001$8,108$3,852
26 years$24,525$18,470$13,714$10,059$7,304$3,344
27 years$23,364$17,382$12,734$9,207$6,585$2,905
28 years$22,288$16,379$11,838$8,436$5,942$2,524
29 years$21,288$15,452$11,017$7,736$5,365$2,195
30 years$20,356$14,593$10,262$7,099$4,848$1,909
31 years$19,486$13,795$9,567$6,520$4,383$1,661
32 years$18,672$13,053$8,926$5,992$3,965$1,445
33 years$17,909$12,361$8,334$5,510$3,588$1,258
34 years$17,192$11,716$7,787$5,070$3,248$1,095
35 years$16,518$11,112$7,280$4,667$2,942$954
36 years$15,882$10,547$6,810$4,298$2,666$831
37 years$15,283$10,017$6,374$3,960$2,416$723
38 years$14,716$9,520$5,969$3,650$2,190$630
39 years$14,180$9,053$5,593$3,366$1,986$549
40 years$13,672$8,613$5,242$3,105$1,802$478
41 years$13,189$8,199$4,915$2,864$1,635$417
42 years$12,731$7,808$4,611$2,643$1,483$363
43 years$12,296$7,439$4,327$2,440$1,346$317
44 years$11,881$7,091$4,061$2,253$1,222$276
45 years$11,486$6,762$3,813$2,081$1,109$240
46 years$11,110$6,451$3,582$1,922$1,007$210
47 years$10,750$6,156$3,365$1,776$914$183
48 years$10,406$5,877$3,162$1,641$830$159
49 years$10,078$5,612$2,972$1,516$754$139
50 years$9,763$5,361$2,794$1,402$685$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $10,000,000, adding $5,682 every year, while hoping to spend $28,971 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: 45/26/29 Blend
64$10,000,000$10,000,000$10,000,000$10,000,000
65$11,025,861$10,495,861$10,340,861$11,429,276
66$12,119,674$10,979,333$10,656,455$12,200,656
67$13,324,085$11,485,525$10,981,650$13,033,514
68$14,650,344$12,015,518$11,316,738$13,936,256
69$16,110,848$12,570,448$11,662,018$14,915,428
70$17,719,259$13,151,503$12,017,800$15,978,222
71$19,490,628$13,759,932$12,384,400$17,132,537
72$21,441,542$14,397,039$12,762,148$18,387,054
73$23,590,281$15,064,195$13,151,381$19,751,313
74$25,956,984$15,762,835$13,552,447$21,235,796
75$28,563,846$16,494,464$13,965,705$22,852,028
76$31,435,325$17,260,660$14,391,522$24,612,678
77$34,598,371$18,063,074$14,830,281$26,531,677
78$38,082,682$18,903,442$15,282,372$28,624,340
79$41,920,983$19,783,579$15,748,200$30,907,514
80$46,149,339$20,705,389$16,228,179$33,399,726
81$50,807,487$21,670,869$16,722,739$36,121,356
82$55,939,221$22,682,111$17,232,321$39,094,824
83$61,592,796$23,741,310$17,757,378$42,344,795
84$67,821,391$24,850,764$18,298,380$45,898,406
85$74,683,606$26,012,884$18,855,809$49,785,521
86$82,244,016$27,230,198$19,430,161$54,039,001
87$90,573,783$28,505,355$20,021,949$58,695,009
88$99,751,324$29,841,132$20,631,699$63,793,350
89$109,863,052$31,240,441$21,259,954$69,377,833
90$121,004,196$32,706,335$21,907,275$75,496,681
91$133,279,692$34,242,013$22,574,237$82,202,978
92$146,805,180$35,850,832$23,261,434$89,555,164
93$161,708,094$37,536,307$23,969,477$97,617,576
94$178,128,861$39,302,128$24,698,996$106,461,045
95$196,222,233$41,152,160$25,450,640$116,163,563
96$216,158,741$43,090,457$26,225,078$126,811,003
97$238,126,312$45,121,269$27,022,997$138,497,921
98$262,332,035$47,249,050$27,845,106$151,328,443
99$289,004,123$49,478,474$28,692,137$165,417,231
100$318,394,061$51,814,437$29,564,842$180,890,559