Can I retire at age 65 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$850,564$842,988$835,596$828,381$821,336$797,602
2 years$421,071$413,229$405,629$398,260$391,113$367,389
3 years$277,926$270,050$262,469$255,169$248,138$225,169
4 years$206,367$198,515$191,010$183,835$176,974$154,935
5 years$163,443$155,638$148,232$141,203$134,533$113,485
6 years$134,836$127,090$119,793$112,921$106,451$86,413
7 years$114,411$106,730$99,549$92,839$86,573$67,545
8 years$99,099$91,488$84,425$77,880$71,821$53,791
9 years$87,196$79,656$72,715$66,337$60,484$43,435
10 years$77,679$70,213$63,395$57,183$51,535$35,444
11 years$69,898$62,507$55,812$49,766$44,322$29,161
12 years$63,418$56,103$49,532$43,652$38,408$24,149
13 years$57,939$50,700$44,253$38,538$33,493$20,103
14 years$53,247$46,085$39,762$34,210$29,360$16,805
15 years$49,184$42,100$35,900$30,509$25,851$14,098
16 years$45,633$38,626$32,548$27,317$22,847$11,860
17 years$42,503$35,573$29,618$24,544$20,258$10,001
18 years$39,723$32,871$27,037$22,120$18,012$8,450
19 years$37,239$30,464$24,751$19,987$16,055$7,151
20 years$35,006$28,309$22,715$18,102$14,340$6,061
21 years$32,989$26,369$20,894$16,429$12,833$5,142
22 years$31,157$24,614$19,257$14,937$11,503$4,367
23 years$29,487$23,021$17,780$13,604$10,326$3,712
24 years$27,959$21,569$16,444$12,407$9,281$3,158
25 years$26,555$20,242$15,230$11,331$8,351$2,687
26 years$25,261$19,024$14,125$10,361$7,523$2,288
27 years$24,065$17,904$13,116$9,483$6,782$1,949
28 years$22,956$16,871$12,193$8,689$6,120$1,661
29 years$21,926$15,916$11,347$7,968$5,526$1,416
30 years$20,966$15,031$10,569$7,312$4,993$1,208
31 years$20,070$14,209$9,854$6,716$4,514$1,030
32 years$19,232$13,444$9,194$6,172$4,083$879
33 years$18,446$12,732$8,584$5,676$3,696$750
34 years$17,708$12,067$8,020$5,222$3,346$640
35 years$17,013$11,446$7,499$4,807$3,030$546
36 years$16,359$10,863$7,015$4,427$2,746$466
37 years$15,741$10,318$6,566$4,079$2,489$398
38 years$15,158$9,806$6,148$3,760$2,256$339
39 years$14,605$9,324$5,760$3,467$2,046$290
40 years$14,082$8,871$5,399$3,198$1,856$247
41 years$13,585$8,445$5,063$2,950$1,684$211
42 years$13,113$8,042$4,749$2,723$1,528$180
43 years$12,665$7,663$4,456$2,513$1,386$154
44 years$12,238$7,304$4,183$2,321$1,258$131
45 years$11,831$6,965$3,928$2,143$1,142$112
46 years$11,443$6,644$3,689$1,980$1,037$96
47 years$11,073$6,341$3,466$1,829$942$82
48 years$10,719$6,053$3,257$1,690$855$70
49 years$10,380$5,780$3,061$1,562$777$60
50 years$10,056$5,522$2,878$1,444$706$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $10,300,000, adding $5,444 every year, while hoping to spend $42,681 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: 55/18/27 Blend
64$10,300,000$10,300,000$10,300,000$10,300,000
65$11,356,215$10,810,315$10,650,665$11,895,806
66$12,469,137$11,294,609$10,962,051$12,752,456
67$13,694,146$11,801,202$11,282,436$13,680,097
68$15,042,631$12,331,142$11,612,080$14,689,572
69$16,527,139$12,885,528$11,951,244$15,788,766
70$18,161,497$13,465,509$12,300,201$16,986,353
71$19,960,940$14,072,289$12,659,228$18,291,872
72$21,942,256$14,707,131$13,028,612$19,715,817
73$24,123,943$15,371,357$13,408,647$21,269,731
74$26,526,384$16,066,353$13,799,636$22,966,315
75$29,172,042$16,793,571$14,201,890$24,819,543
76$32,085,665$17,554,531$14,615,728$26,844,794
77$35,294,527$18,350,827$15,041,480$29,058,990
78$38,828,682$19,184,130$15,479,482$31,480,757
79$42,721,244$20,056,189$15,930,081$34,130,592
80$47,008,707$20,968,839$16,393,635$37,031,061
81$51,731,283$21,923,999$16,870,510$40,207,000
82$56,933,284$22,923,685$17,361,082$43,685,754
83$62,663,539$23,970,006$17,865,738$47,497,423
84$68,975,857$25,065,173$18,384,877$51,675,151
85$75,929,531$26,211,504$18,918,908$56,255,426
86$83,589,901$27,411,426$19,468,249$61,278,428
87$92,028,970$28,667,484$20,033,334$66,788,397
88$101,326,079$29,982,345$20,614,605$72,834,051
89$111,568,663$31,358,804$21,212,519$79,469,038
90$122,853,072$32,799,791$21,827,543$86,752,441
91$135,285,480$34,308,374$22,460,160$94,749,325
92$148,982,886$35,887,773$23,110,863$103,531,350
93$164,074,224$37,541,357$23,780,161$113,177,442
94$180,701,574$39,272,663$24,468,575$123,774,526
95$199,021,505$41,085,393$25,176,642$135,418,351
96$219,206,552$42,983,431$25,904,913$148,214,376
97$241,446,847$44,970,846$26,653,955$162,278,767
98$265,951,911$47,051,903$27,424,347$177,739,482
99$292,952,632$49,231,072$28,216,689$194,737,474
100$322,703,445$51,513,040$29,031,593$213,428,013