Can I retire at age 65 with 10,400,000?

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 $10,400,000?

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$858,822$851,172$843,709$836,424$829,311$823,739
2 years$425,160$417,241$409,567$402,127$394,910$389,291
3 years$280,624$272,672$265,017$257,647$250,547$245,054
4 years$208,371$200,443$192,865$185,620$178,692$173,368
5 years$165,030$157,149$149,671$142,574$135,839$130,699
6 years$136,145$128,324$120,956$114,017$107,485$102,536
7 years$115,522$107,767$100,515$93,740$87,414$82,659
8 years$100,061$92,376$85,245$78,636$72,518$67,957
9 years$88,043$80,430$73,421$66,981$61,071$56,701
10 years$78,433$70,895$64,010$57,738$52,035$47,856
11 years$70,576$63,114$56,354$50,249$44,752$40,760
12 years$64,033$56,647$50,013$44,075$38,781$34,973
13 years$58,502$51,193$44,683$38,912$33,818$30,189
14 years$53,764$46,533$40,148$34,542$29,645$26,191
15 years$49,662$42,508$36,248$30,805$26,102$22,818
16 years$46,076$39,001$32,864$27,583$23,069$19,951
17 years$42,915$35,918$29,905$24,783$20,454$17,498
18 years$40,109$33,190$27,299$22,334$18,187$15,386
19 years$37,601$30,760$24,991$20,181$16,210$13,560
20 years$35,346$28,584$22,936$18,278$14,479$11,974
21 years$33,309$26,625$21,097$16,588$12,957$10,591
22 years$31,460$24,853$19,444$15,082$11,615$9,382
23 years$29,774$23,245$17,953$13,736$10,426$8,322
24 years$28,230$21,779$16,603$12,528$9,371$7,390
25 years$26,813$20,438$15,378$11,441$8,432$6,569
26 years$25,506$19,209$14,262$10,461$7,596$5,845
27 years$24,299$18,078$13,244$9,575$6,848$5,204
28 years$23,179$17,034$12,312$8,773$6,179$4,637
29 years$22,139$16,070$11,457$8,045$5,580$4,134
30 years$21,170$15,176$10,672$7,383$5,042$3,688
31 years$20,265$14,347$9,949$6,781$4,558$3,291
32 years$19,418$13,575$9,283$6,232$4,123$2,939
33 years$18,625$12,856$8,667$5,731$3,731$2,625
34 years$17,880$12,184$8,098$5,273$3,378$2,345
35 years$17,178$11,557$7,571$4,854$3,060$2,096
36 years$16,518$10,969$7,083$4,470$2,772$1,874
37 years$15,894$10,418$6,629$4,119$2,513$1,676
38 years$15,305$9,901$6,208$3,796$2,278$1,499
39 years$14,747$9,415$5,816$3,501$2,066$1,341
40 years$14,218$8,957$5,452$3,229$1,874$1,200
41 years$13,717$8,527$5,112$2,979$1,700$1,074
42 years$13,241$8,120$4,795$2,749$1,543$961
43 years$12,788$7,737$4,500$2,538$1,400$860
44 years$12,357$7,375$4,224$2,343$1,271$770
45 years$11,946$7,033$3,966$2,164$1,154$689
46 years$11,554$6,709$3,725$1,999$1,047$617
47 years$11,180$6,402$3,499$1,847$951$553
48 years$10,823$6,112$3,288$1,707$864$495
49 years$10,481$5,837$3,091$1,577$784$443
50 years$10,154$5,575$2,906$1,458$713$397

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $10,400,000, adding $3,917 every year, while hoping to spend $20,645 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: 24/47/29 Blend
64$10,400,000$10,400,000$10,400,000$10,400,000
65$11,464,840$10,913,640$10,752,440$11,635,410
66$12,612,288$11,426,443$11,090,681$12,294,577
67$13,876,083$11,963,680$11,439,561$12,998,304
68$15,268,072$12,526,529$11,799,414$13,751,853
69$16,801,307$13,116,221$12,170,587$14,559,387
70$18,490,173$13,734,048$12,553,434$15,425,454
71$20,350,520$14,381,366$12,948,323$16,355,025
72$22,399,815$15,059,594$13,355,633$17,353,532
73$24,657,304$15,770,222$13,775,755$18,426,918
74$27,144,197$16,514,811$14,209,091$19,581,683
75$29,883,866$17,294,998$14,656,057$20,824,940
76$32,902,067$18,112,500$15,117,081$22,164,474
77$36,227,181$18,969,115$15,592,607$23,608,814
78$39,890,483$19,866,732$16,083,089$25,167,296
79$43,926,439$20,807,327$16,588,998$26,850,154
80$48,373,026$21,792,977$17,110,820$28,668,599
81$53,272,097$22,825,855$17,649,055$30,634,923
82$58,669,771$23,908,242$18,204,219$32,762,604
83$64,616,871$25,042,530$18,776,844$35,066,420
84$71,169,404$26,231,226$19,367,480$37,562,586
85$78,389,086$27,476,958$19,976,693$40,268,891
86$86,343,927$28,782,484$20,605,067$43,204,855
87$95,108,876$30,150,695$21,253,205$46,391,908
88$104,766,523$31,584,620$21,921,729$49,853,573
89$115,407,881$33,087,439$22,611,279$53,615,681
90$127,133,245$34,662,483$23,322,517$57,706,599
91$140,053,140$36,313,249$24,056,125$62,157,487
92$154,289,361$38,043,399$24,812,807$67,002,573
93$169,976,128$39,856,778$25,593,288$72,279,470
94$187,261,346$41,757,413$26,398,316$78,029,505
95$206,308,007$43,749,530$27,228,663$84,298,101
96$227,295,727$45,837,560$28,085,127$91,135,187
97$250,422,440$48,026,149$28,968,527$98,595,649
98$275,906,268$50,320,170$29,879,712$106,739,832
99$303,987,580$52,724,730$30,819,555$115,634,090
100$334,931,260$55,245,189$31,788,956$125,351,390