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

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$858,822$851,172$843,709$836,424$829,311$825,469
2 years$425,160$417,241$409,567$402,127$394,910$391,032
3 years$280,624$272,672$265,017$257,647$250,547$246,753
4 years$208,371$200,443$192,865$185,620$178,692$175,012
5 years$165,030$157,149$149,671$142,574$135,839$132,282
6 years$136,145$128,324$120,956$114,017$107,485$104,057
7 years$115,522$107,767$100,515$93,740$87,414$84,116
8 years$100,061$92,376$85,245$78,636$72,518$69,351
9 years$88,043$80,430$73,421$66,981$61,071$58,034
10 years$78,433$70,895$64,010$57,738$52,035$49,127
11 years$70,576$63,114$56,354$50,249$44,752$41,970
12 years$64,033$56,647$50,013$44,075$38,781$36,124
13 years$58,502$51,193$44,683$38,912$33,818$31,283
14 years$53,764$46,533$40,148$34,542$29,645$27,228
15 years$49,662$42,508$36,248$30,805$26,102$23,801
16 years$46,076$39,001$32,864$27,583$23,069$20,881
17 years$42,915$35,918$29,905$24,783$20,454$18,377
18 years$40,109$33,190$27,299$22,334$18,187$16,216
19 years$37,601$30,760$24,991$20,181$16,210$14,342
20 years$35,346$28,584$22,936$18,278$14,479$12,710
21 years$33,309$26,625$21,097$16,588$12,957$11,284
22 years$31,460$24,853$19,444$15,082$11,615$10,033
23 years$29,774$23,245$17,953$13,736$10,426$8,933
24 years$28,230$21,779$16,603$12,528$9,371$7,963
25 years$26,813$20,438$15,378$11,441$8,432$7,106
26 years$25,506$19,209$14,262$10,461$7,596$6,347
27 years$24,299$18,078$13,244$9,575$6,848$5,673
28 years$23,179$17,034$12,312$8,773$6,179$5,075
29 years$22,139$16,070$11,457$8,045$5,580$4,543
30 years$21,170$15,176$10,672$7,383$5,042$4,069
31 years$20,265$14,347$9,949$6,781$4,558$3,646
32 years$19,418$13,575$9,283$6,232$4,123$3,269
33 years$18,625$12,856$8,667$5,731$3,731$2,932
34 years$17,880$12,184$8,098$5,273$3,378$2,630
35 years$17,178$11,557$7,571$4,854$3,060$2,361
36 years$16,518$10,969$7,083$4,470$2,772$2,120
37 years$15,894$10,418$6,629$4,119$2,513$1,903
38 years$15,305$9,901$6,208$3,796$2,278$1,710
39 years$14,747$9,415$5,816$3,501$2,066$1,536
40 years$14,218$8,957$5,452$3,229$1,874$1,380
41 years$13,717$8,527$5,112$2,979$1,700$1,240
42 years$13,241$8,120$4,795$2,749$1,543$1,115
43 years$12,788$7,737$4,500$2,538$1,400$1,002
44 years$12,357$7,375$4,224$2,343$1,271$901
45 years$11,946$7,033$3,966$2,164$1,154$810
46 years$11,554$6,709$3,725$1,999$1,047$729
47 years$11,180$6,402$3,499$1,847$951$655
48 years$10,823$6,112$3,288$1,707$864$590
49 years$10,481$5,837$3,091$1,577$784$530
50 years$10,154$5,575$2,906$1,458$713$477

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 $6,329 every year, while hoping to spend $48,211 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: 22/49/29 Blend
64$10,400,000$10,400,000$10,400,000$10,400,000
65$11,467,328$10,916,128$10,754,928$11,614,185
66$12,585,700$11,399,723$11,063,922$12,229,753
67$13,816,529$11,905,397$11,381,652$12,883,396
68$15,171,236$12,434,183$11,708,358$13,581,645
69$16,662,405$12,987,160$12,044,291$14,328,180
70$18,303,899$13,565,459$12,389,703$15,127,020
71$20,110,996$14,170,266$12,744,857$15,982,558
72$22,100,530$14,802,822$13,110,023$16,899,592
73$24,291,050$15,464,426$13,485,475$17,883,371
74$26,702,996$16,156,442$13,871,497$18,939,635
75$29,358,889$16,880,296$14,268,380$20,074,666
76$32,283,548$17,637,482$14,676,422$21,295,338
77$35,504,318$18,429,567$15,095,931$22,609,178
78$39,051,334$19,258,191$15,527,220$24,024,429
79$42,957,801$20,125,074$15,970,613$25,550,123
80$47,260,310$21,032,015$16,426,442$27,196,154
81$51,999,180$21,980,903$16,895,046$28,973,371
82$57,218,843$22,973,713$17,376,776$30,893,667
83$62,968,256$24,012,516$17,871,990$32,970,082
84$69,301,372$25,099,483$18,381,055$35,216,923
85$76,277,642$26,236,888$18,904,351$37,649,886
86$83,962,579$27,427,113$19,442,264$40,286,193
87$92,428,375$28,672,655$19,995,193$43,144,751
88$101,754,583$29,976,128$20,563,545$46,246,314
89$112,028,867$31,340,275$21,147,741$49,613,668
90$123,347,831$32,767,968$21,748,209$53,271,841
91$135,817,928$34,262,216$22,365,392$57,248,320
92$149,556,466$35,826,174$22,999,742$61,573,302
93$164,692,716$37,463,147$23,651,724$66,279,967
94$181,369,130$39,176,599$24,321,814$71,404,774
95$199,742,688$40,970,159$25,010,501$76,987,793
96$219,986,377$42,847,631$25,718,288$83,073,070
97$242,290,825$44,813,003$26,445,688$89,709,024
98$266,866,100$46,870,451$27,193,230$96,948,889
99$293,943,695$49,024,356$27,961,455$104,851,203
100$323,778,707$51,279,305$28,750,920$113,480,337