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%16.7%
1 years$867,080$859,357$851,821$844,466$837,285$814,402
2 years$429,248$421,253$413,506$405,993$398,707$375,820
3 years$283,323$275,294$267,565$260,124$252,956$230,781
4 years$210,374$202,370$194,719$187,405$180,410$159,118
5 years$166,617$158,661$151,110$143,945$137,145$116,794
6 years$137,455$129,558$122,119$115,114$108,518$89,128
7 years$116,633$108,803$101,482$94,641$88,254$69,825
8 years$101,023$93,264$86,065$79,392$73,216$55,738
9 years$88,889$81,203$74,127$67,625$61,658$45,116
10 years$79,187$71,577$64,626$58,293$52,536$36,908
11 years$71,255$63,720$56,896$50,732$45,183$30,444
12 years$64,649$57,192$50,493$44,499$39,154$25,278
13 years$59,064$51,685$45,113$39,286$34,143$21,099
14 years$54,281$46,980$40,534$34,874$29,930$17,687
15 years$50,139$42,917$36,597$31,101$26,353$14,879
16 years$46,519$39,376$33,180$27,848$23,290$12,553
17 years$43,328$36,264$30,193$25,021$20,651$10,617
18 years$40,494$33,509$27,562$22,549$18,362$8,997
19 years$37,962$31,056$25,232$20,375$16,366$7,637
20 years$35,686$28,859$23,156$18,453$14,619$6,492
21 years$33,630$26,881$21,299$16,748$13,082$5,525
22 years$31,762$25,092$19,631$15,227$11,726$4,707
23 years$30,060$23,468$18,125$13,868$10,526$4,014
24 years$28,502$21,988$16,763$12,648$9,461$3,425
25 years$27,071$20,635$15,526$11,551$8,514$2,924
26 years$25,752$19,393$14,399$10,562$7,669$2,498
27 years$24,532$18,251$13,371$9,668$6,914$2,135
28 years$23,402$17,198$12,430$8,858$6,239$1,825
29 years$22,352$16,225$11,567$8,123$5,633$1,561
30 years$21,373$15,322$10,775$7,454$5,090$1,336
31 years$20,460$14,485$10,045$6,846$4,602$1,143
32 years$19,605$13,706$9,372$6,292$4,163$978
33 years$18,804$12,979$8,751$5,786$3,767$837
34 years$18,051$12,301$8,176$5,324$3,411$717
35 years$17,344$11,668$7,644$4,901$3,089$614
36 years$16,676$11,074$7,151$4,513$2,799$526
37 years$16,047$10,518$6,693$4,158$2,537$450
38 years$15,452$9,996$6,268$3,833$2,300$386
39 years$14,889$9,505$5,872$3,534$2,086$330
40 years$14,355$9,043$5,504$3,260$1,892$283
41 years$13,849$8,608$5,161$3,008$1,716$242
42 years$13,368$8,198$4,841$2,776$1,557$208
43 years$12,911$7,811$4,543$2,562$1,413$178
44 years$12,475$7,446$4,264$2,366$1,283$152
45 years$12,061$7,100$4,004$2,185$1,165$131
46 years$11,665$6,773$3,761$2,018$1,057$112
47 years$11,288$6,464$3,533$1,865$960$96
48 years$10,927$6,171$3,320$1,723$872$82
49 years$10,582$5,893$3,121$1,592$792$70
50 years$10,252$5,629$2,934$1,472$719$60

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 $2,460 every year, while hoping to spend $49,560 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: 35/42/23 Blend
64$10,500,000$10,500,000$10,500,000$10,500,000
65$11,573,537$11,017,037$10,854,287$11,897,756
66$12,701,307$11,504,141$11,165,175$12,624,780
67$13,942,448$12,013,451$11,484,816$13,403,967
68$15,308,471$12,546,005$11,813,451$14,243,702
69$16,812,062$13,102,886$12,151,328$15,149,416
70$18,467,197$13,685,231$12,498,702$16,127,060
71$20,289,274$14,294,230$12,855,832$17,183,160
72$22,295,264$14,931,131$13,222,986$18,324,875
73$24,503,863$15,597,240$13,600,439$19,560,056
74$26,935,677$16,293,924$13,988,472$20,897,321
75$29,613,406$17,022,616$14,387,377$22,346,127
76$32,562,068$17,784,819$14,797,448$23,916,853
77$35,809,228$18,582,105$15,218,992$25,620,899
78$39,385,263$19,416,121$15,652,322$27,470,781
79$43,323,643$20,288,594$16,097,758$29,480,245
80$47,661,251$21,201,332$16,555,630$31,664,392
81$52,438,732$22,156,231$17,026,276$34,039,815
82$57,700,871$23,155,274$17,510,045$36,624,744
83$63,497,020$24,200,542$18,007,291$39,439,215
84$69,881,561$25,294,215$18,518,381$42,505,251
85$76,914,423$26,438,574$19,043,689$45,847,062
86$84,661,643$27,636,012$19,583,601$49,491,264
87$93,195,990$28,889,037$20,138,512$53,467,122
88$102,597,655$30,200,274$20,708,826$57,806,819
89$112,955,004$31,572,475$21,294,959$62,545,750
90$124,365,412$33,008,524$21,897,338$67,722,844
91$136,936,185$34,511,443$22,516,401$73,380,925
92$150,785,571$36,084,398$23,152,595$79,567,103
93$166,043,873$37,730,708$23,806,381$86,333,208
94$182,854,685$39,453,849$24,478,231$93,736,268
95$201,376,242$41,257,466$25,168,630$101,839,034
96$221,782,913$43,145,377$25,878,075$110,710,563
97$244,266,854$45,121,584$26,607,074$120,426,852
98$269,039,813$47,190,281$27,356,150$131,071,546
99$296,335,131$49,355,863$28,125,839$142,736,708
100$326,409,950$51,622,936$28,916,690$155,523,678