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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$850,564$842,988$835,596$828,381$821,336$815,818
2 years$421,071$413,229$405,629$398,260$391,113$385,547
3 years$277,926$270,050$262,469$255,169$248,138$242,698
4 years$206,367$198,515$191,010$183,835$176,974$171,701
5 years$163,443$155,638$148,232$141,203$134,533$129,443
6 years$134,836$127,090$119,793$112,921$106,451$101,550
7 years$114,411$106,730$99,549$92,839$86,573$81,864
8 years$99,099$91,488$84,425$77,880$71,821$67,303
9 years$87,196$79,656$72,715$66,337$60,484$56,156
10 years$77,679$70,213$63,395$57,183$51,535$47,396
11 years$69,898$62,507$55,812$49,766$44,322$40,368
12 years$63,418$56,103$49,532$43,652$38,408$34,636
13 years$57,939$50,700$44,253$38,538$33,493$29,899
14 years$53,247$46,085$39,762$34,210$29,360$25,939
15 years$49,184$42,100$35,900$30,509$25,851$22,599
16 years$45,633$38,626$32,548$27,317$22,847$19,760
17 years$42,503$35,573$29,618$24,544$20,258$17,330
18 years$39,723$32,871$27,037$22,120$18,012$15,238
19 years$37,239$30,464$24,751$19,987$16,055$13,430
20 years$35,006$28,309$22,715$18,102$14,340$11,859
21 years$32,989$26,369$20,894$16,429$12,833$10,490
22 years$31,157$24,614$19,257$14,937$11,503$9,292
23 years$29,487$23,021$17,780$13,604$10,326$8,242
24 years$27,959$21,569$16,444$12,407$9,281$7,319
25 years$26,555$20,242$15,230$11,331$8,351$6,506
26 years$25,261$19,024$14,125$10,361$7,523$5,788
27 years$24,065$17,904$13,116$9,483$6,782$5,154
28 years$22,956$16,871$12,193$8,689$6,120$4,592
29 years$21,926$15,916$11,347$7,968$5,526$4,094
30 years$20,966$15,031$10,569$7,312$4,993$3,652
31 years$20,070$14,209$9,854$6,716$4,514$3,260
32 years$19,232$13,444$9,194$6,172$4,083$2,910
33 years$18,446$12,732$8,584$5,676$3,696$2,600
34 years$17,708$12,067$8,020$5,222$3,346$2,323
35 years$17,013$11,446$7,499$4,807$3,030$2,076
36 years$16,359$10,863$7,015$4,427$2,746$1,856
37 years$15,741$10,318$6,566$4,079$2,489$1,660
38 years$15,158$9,806$6,148$3,760$2,256$1,484
39 years$14,605$9,324$5,760$3,467$2,046$1,328
40 years$14,082$8,871$5,399$3,198$1,856$1,188
41 years$13,585$8,445$5,063$2,950$1,684$1,063
42 years$13,113$8,042$4,749$2,723$1,528$952
43 years$12,665$7,663$4,456$2,513$1,386$852
44 years$12,238$7,304$4,183$2,321$1,258$763
45 years$11,831$6,965$3,928$2,143$1,142$683
46 years$11,443$6,644$3,689$1,980$1,037$611
47 years$11,073$6,341$3,466$1,829$942$547
48 years$10,719$6,053$3,257$1,690$855$490
49 years$10,380$5,780$3,061$1,562$777$439
50 years$10,056$5,522$2,878$1,444$706$393

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 $5,008 every year, while hoping to spend $39,142 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: 52/25/23 Blend
64$10,300,000$10,300,000$10,300,000$10,300,000
65$11,355,766$10,809,866$10,650,216$11,873,428
66$12,472,407$11,297,902$10,965,351$12,719,622
67$13,701,634$11,808,541$11,289,732$13,635,136
68$15,054,889$12,342,848$11,623,626$14,630,194
69$16,544,780$12,901,939$11,967,310$15,712,380
70$18,185,200$13,486,987$12,321,067$16,890,030
71$19,991,458$14,099,217$12,685,190$18,172,308
72$21,980,422$14,739,914$13,059,980$19,569,287
73$24,170,680$15,410,425$13,445,744$21,092,048
74$26,582,715$16,112,161$13,842,802$22,752,772
75$29,239,096$16,846,601$14,251,480$24,564,859
76$32,164,693$17,615,294$14,672,114$26,543,047
77$35,386,913$18,419,864$15,105,051$28,703,548
78$38,935,953$19,262,013$15,550,646$31,064,199
79$42,845,093$20,143,524$16,009,265$33,644,623
80$47,151,001$21,066,266$16,481,284$36,466,414
81$51,894,087$22,032,197$16,967,091$39,553,334
82$57,118,879$23,043,369$17,467,083$42,931,532
83$62,874,444$24,101,934$17,981,670$46,629,787
84$69,214,855$25,210,146$18,511,274$50,679,776
85$76,199,695$26,370,368$19,056,326$55,116,366
86$83,894,624$27,585,076$19,617,273$59,977,938
87$92,371,996$28,856,865$20,194,572$65,306,743
88$101,711,544$30,188,456$20,788,694$71,149,297
89$112,001,130$31,582,699$21,400,124$77,556,811
90$123,337,577$33,042,583$22,029,360$84,585,671
91$135,827,580$34,571,240$22,676,914$92,297,961
92$149,588,714$36,171,952$23,343,312$100,762,042
93$164,750,546$37,848,161$24,029,096$110,053,193
94$181,455,854$39,603,473$24,734,823$120,254,309
95$199,861,978$41,441,669$25,461,066$131,456,681
96$220,142,301$43,366,713$26,208,413$143,760,843
97$242,487,890$45,382,756$26,977,470$157,277,519
98$267,109,299$47,494,155$27,768,859$172,128,653
99$294,238,552$49,705,474$28,583,220$188,448,554
100$324,131,338$52,021,496$29,421,212$206,385,155