Can I retire at age 65 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$867,080$859,357$851,821$844,466$837,285$833,056
2 years$429,248$421,253$413,506$405,993$398,707$394,439
3 years$283,323$275,294$267,565$260,124$252,956$248,782
4 years$210,374$202,370$194,719$187,405$180,410$176,361
5 years$166,617$158,661$151,110$143,945$137,145$133,233
6 years$137,455$129,558$122,119$115,114$108,518$104,749
7 years$116,633$108,803$101,482$94,641$88,254$84,629
8 years$101,023$93,264$86,065$79,392$73,216$69,734
9 years$88,889$81,203$74,127$67,625$61,658$58,321
10 years$79,187$71,577$64,626$58,293$52,536$49,340
11 years$71,255$63,720$56,896$50,732$45,183$42,127
12 years$64,649$57,192$50,493$44,499$39,154$36,236
13 years$59,064$51,685$45,113$39,286$34,143$31,360
14 years$54,281$46,980$40,534$34,874$29,930$27,278
15 years$50,139$42,917$36,597$31,101$26,353$23,829
16 years$46,519$39,376$33,180$27,848$23,290$20,891
17 years$43,328$36,264$30,193$25,021$20,651$18,373
18 years$40,494$33,509$27,562$22,549$18,362$16,201
19 years$37,962$31,056$25,232$20,375$16,366$14,319
20 years$35,686$28,859$23,156$18,453$14,619$12,681
21 years$33,630$26,881$21,299$16,748$13,082$11,249
22 years$31,762$25,092$19,631$15,227$11,726$9,995
23 years$30,060$23,468$18,125$13,868$10,526$8,892
24 years$28,502$21,988$16,763$12,648$9,461$7,921
25 years$27,071$20,635$15,526$11,551$8,514$7,063
26 years$25,752$19,393$14,399$10,562$7,669$6,303
27 years$24,532$18,251$13,371$9,668$6,914$5,630
28 years$23,402$17,198$12,430$8,858$6,239$5,032
29 years$22,352$16,225$11,567$8,123$5,633$4,501
30 years$21,373$15,322$10,775$7,454$5,090$4,028
31 years$20,460$14,485$10,045$6,846$4,602$3,607
32 years$19,605$13,706$9,372$6,292$4,163$3,231
33 years$18,804$12,979$8,751$5,786$3,767$2,895
34 years$18,051$12,301$8,176$5,324$3,411$2,596
35 years$17,344$11,668$7,644$4,901$3,089$2,328
36 years$16,676$11,074$7,151$4,513$2,799$2,088
37 years$16,047$10,518$6,693$4,158$2,537$1,873
38 years$15,452$9,996$6,268$3,833$2,300$1,681
39 years$14,889$9,505$5,872$3,534$2,086$1,509
40 years$14,355$9,043$5,504$3,260$1,892$1,355
41 years$13,849$8,608$5,161$3,008$1,716$1,217
42 years$13,368$8,198$4,841$2,776$1,557$1,093
43 years$12,911$7,811$4,543$2,562$1,413$982
44 years$12,475$7,446$4,264$2,366$1,283$882
45 years$12,061$7,100$4,004$2,185$1,165$792
46 years$11,665$6,773$3,761$2,018$1,057$712
47 years$11,288$6,464$3,533$1,865$960$640
48 years$10,927$6,171$3,320$1,723$872$575
49 years$10,582$5,893$3,121$1,592$792$517
50 years$10,252$5,629$2,934$1,472$719$464

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $10,500,000, adding $3,154 every year, while hoping to spend $22,754 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: 45/32/23 Blend
64$10,500,000$10,500,000$10,500,000$10,500,000
65$11,574,253$11,017,753$10,855,003$12,018,175
66$12,730,617$11,533,413$11,194,436$12,847,300
67$14,004,167$12,073,578$11,544,477$13,743,435
68$15,406,833$12,639,424$11,905,457$14,714,822
69$16,951,759$13,232,185$12,277,719$15,768,473
70$18,653,431$13,853,154$12,661,615$16,912,091
71$20,527,810$14,503,687$13,057,508$18,154,133
72$22,592,485$15,185,207$13,465,773$19,503,886
73$24,866,838$15,899,201$13,886,797$20,971,554
74$27,372,228$16,647,235$14,320,976$22,568,349
75$30,132,190$17,430,944$14,768,724$24,306,589
76$33,172,660$18,252,047$15,230,463$26,199,814
77$36,522,218$19,112,344$15,706,630$28,262,904
78$40,212,359$20,013,723$16,197,677$30,512,218
79$44,277,787$20,958,163$16,704,066$32,965,741
80$48,756,748$21,947,740$17,226,279$35,643,250
81$53,691,385$22,984,628$17,764,808$38,566,492
82$59,128,141$24,071,109$18,320,164$41,759,385
83$65,118,193$25,209,576$18,892,872$45,248,235
84$71,717,939$26,402,535$19,483,473$49,061,980
85$78,989,526$27,652,617$20,092,527$53,232,454
86$87,001,441$28,962,577$20,720,609$57,794,684
87$95,829,152$30,335,308$21,368,314$62,787,205
88$105,555,827$31,773,840$22,036,254$68,252,424
89$116,273,115$33,281,351$22,725,062$74,237,006
90$128,082,009$34,861,174$23,435,388$80,792,307
91$141,093,805$36,516,803$24,167,905$87,974,853
92$155,431,149$38,251,902$24,923,305$95,846,856
93$171,229,193$40,070,312$25,702,303$104,476,801
94$188,636,877$41,976,063$26,505,636$113,940,071
95$207,818,326$43,973,378$27,334,063$124,319,658
96$228,954,409$46,066,687$28,188,367$135,706,926
97$252,244,438$48,260,635$29,069,357$148,202,465
98$277,908,056$50,560,091$29,977,866$161,917,030
99$306,187,306$52,970,163$30,914,752$176,972,568
100$337,348,916$55,496,207$31,880,902$193,503,359