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%16.9%
1 years$858,822$851,172$843,709$836,424$829,311$805,995
2 years$425,160$417,241$409,567$402,127$394,910$371,598
3 years$280,624$272,672$265,017$257,647$250,547$227,968
4 years$208,371$200,443$192,865$185,620$178,692$157,020
5 years$165,030$157,149$149,671$142,574$135,839$115,133
6 years$136,145$128,324$120,956$114,017$107,485$87,764
7 years$115,522$107,767$100,515$93,740$87,414$68,679
8 years$100,061$92,376$85,245$78,636$72,518$54,759
9 years$88,043$80,430$73,421$66,981$61,071$44,270
10 years$78,433$70,895$64,010$57,738$52,035$36,170
11 years$70,576$63,114$56,354$50,249$44,752$29,797
12 years$64,033$56,647$50,013$44,075$38,781$24,708
13 years$58,502$51,193$44,683$38,912$33,818$20,596
14 years$53,764$46,533$40,148$34,542$29,645$17,242
15 years$49,662$42,508$36,248$30,805$26,102$14,484
16 years$46,076$39,001$32,864$27,583$23,069$12,202
17 years$42,915$35,918$29,905$24,783$20,454$10,305
18 years$40,109$33,190$27,299$22,334$18,187$8,720
19 years$37,601$30,760$24,991$20,181$16,210$7,391
20 years$35,346$28,584$22,936$18,278$14,479$6,273
21 years$33,309$26,625$21,097$16,588$12,957$5,331
22 years$31,460$24,853$19,444$15,082$11,615$4,534
23 years$29,774$23,245$17,953$13,736$10,426$3,860
24 years$28,230$21,779$16,603$12,528$9,371$3,289
25 years$26,813$20,438$15,378$11,441$8,432$2,804
26 years$25,506$19,209$14,262$10,461$7,596$2,391
27 years$24,299$18,078$13,244$9,575$6,848$2,040
28 years$23,179$17,034$12,312$8,773$6,179$1,742
29 years$22,139$16,070$11,457$8,045$5,580$1,487
30 years$21,170$15,176$10,672$7,383$5,042$1,270
31 years$20,265$14,347$9,949$6,781$4,558$1,085
32 years$19,418$13,575$9,283$6,232$4,123$927
33 years$18,625$12,856$8,667$5,731$3,731$792
34 years$17,880$12,184$8,098$5,273$3,378$677
35 years$17,178$11,557$7,571$4,854$3,060$579
36 years$16,518$10,969$7,083$4,470$2,772$495
37 years$15,894$10,418$6,629$4,119$2,513$423
38 years$15,305$9,901$6,208$3,796$2,278$362
39 years$14,747$9,415$5,816$3,501$2,066$309
40 years$14,218$8,957$5,452$3,229$1,874$265
41 years$13,717$8,527$5,112$2,979$1,700$226
42 years$13,241$8,120$4,795$2,749$1,543$193
43 years$12,788$7,737$4,500$2,538$1,400$165
44 years$12,357$7,375$4,224$2,343$1,271$142
45 years$11,946$7,033$3,966$2,164$1,154$121
46 years$11,554$6,709$3,725$1,999$1,047$104
47 years$11,180$6,402$3,499$1,847$951$89
48 years$10,823$6,112$3,288$1,707$864$76
49 years$10,481$5,837$3,091$1,577$784$65
50 years$10,154$5,575$2,906$1,458$713$55

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 $3,250 every year, while hoping to spend $30,918 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: 62/16/22 Blend
64$10,400,000$10,400,000$10,400,000$10,400,000
65$11,464,152$10,912,952$10,751,752$12,108,760
66$12,600,599$11,414,791$11,079,040$13,046,714
67$13,851,928$11,940,183$11,416,255$14,066,607
68$15,229,823$12,490,250$11,763,698$15,179,445
69$16,747,161$13,066,168$12,121,677$16,394,294
70$18,418,129$13,669,169$12,490,512$17,721,125
71$20,258,364$14,300,543$12,870,530$19,170,914
72$22,285,093$14,961,645$13,262,068$20,755,734
73$24,517,299$15,653,893$13,665,474$22,488,874
74$26,975,903$16,378,774$14,081,107$24,384,958
75$29,683,957$17,137,845$14,509,336$26,460,082
76$32,666,863$17,932,741$14,950,540$28,731,962
77$35,952,611$18,765,174$15,405,112$31,220,099
78$39,572,049$19,636,939$15,873,455$33,945,962
79$43,559,166$20,549,917$16,355,983$36,933,185
80$47,951,417$21,506,080$16,853,125$40,207,786
81$52,790,079$22,507,495$17,365,322$43,798,414
82$58,120,634$23,556,329$17,893,028$47,736,613
83$63,993,204$24,654,855$18,436,710$52,057,115
84$70,463,021$25,805,452$18,996,849$56,798,165
85$77,590,947$27,010,618$19,573,942$62,001,880
86$85,444,055$28,272,968$20,168,499$67,714,641
87$94,096,252$29,595,248$20,781,048$73,987,526
88$103,628,986$30,980,331$21,412,129$80,876,789
89$114,132,008$32,431,233$22,062,302$88,444,384
90$125,704,224$33,951,115$22,732,140$96,758,549
91$138,454,625$35,543,290$23,422,237$105,894,442
92$152,503,317$37,211,231$24,133,202$115,934,846
93$167,982,655$38,958,580$24,865,663$126,970,945
94$185,038,490$40,789,156$25,620,268$139,103,180
95$203,831,552$42,706,960$26,397,682$152,442,190
96$224,538,958$44,716,189$27,198,593$167,109,851
97$247,355,893$46,821,243$28,023,706$183,240,418
98$272,497,445$49,026,735$28,873,751$200,981,789
99$300,200,639$51,337,500$29,749,477$220,496,891
100$330,726,676$53,758,609$30,651,656$241,965,214