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

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$867,080$859,357$851,821$844,466$837,285$814,731
2 years$429,248$421,253$413,506$405,993$398,707$376,145
3 years$283,323$275,294$267,565$260,124$252,956$231,093
4 years$210,374$202,370$194,719$187,405$180,410$159,414
5 years$166,617$158,661$151,110$143,945$137,145$117,073
6 years$137,455$129,558$122,119$115,114$108,518$89,389
7 years$116,633$108,803$101,482$94,641$88,254$70,070
8 years$101,023$93,264$86,065$79,392$73,216$55,966
9 years$88,889$81,203$74,127$67,625$61,658$45,328
10 years$79,187$71,577$64,626$58,293$52,536$37,104
11 years$71,255$63,720$56,896$50,732$45,183$30,626
12 years$64,649$57,192$50,493$44,499$39,154$25,445
13 years$59,064$51,685$45,113$39,286$34,143$21,253
14 years$54,281$46,980$40,534$34,874$29,930$17,829
15 years$50,139$42,917$36,597$31,101$26,353$15,009
16 years$46,519$39,376$33,180$27,848$23,290$12,672
17 years$43,328$36,264$30,193$25,021$20,651$10,725
18 years$40,494$33,509$27,562$22,549$18,362$9,095
19 years$37,962$31,056$25,232$20,375$16,366$7,726
20 years$35,686$28,859$23,156$18,453$14,619$6,573
21 years$33,630$26,881$21,299$16,748$13,082$5,598
22 years$31,762$25,092$19,631$15,227$11,726$4,773
23 years$30,060$23,468$18,125$13,868$10,526$4,073
24 years$28,502$21,988$16,763$12,648$9,461$3,478
25 years$27,071$20,635$15,526$11,551$8,514$2,972
26 years$25,752$19,393$14,399$10,562$7,669$2,541
27 years$24,532$18,251$13,371$9,668$6,914$2,174
28 years$23,402$17,198$12,430$8,858$6,239$1,860
29 years$22,352$16,225$11,567$8,123$5,633$1,592
30 years$21,373$15,322$10,775$7,454$5,090$1,363
31 years$20,460$14,485$10,045$6,846$4,602$1,167
32 years$19,605$13,706$9,372$6,292$4,163$1,000
33 years$18,804$12,979$8,751$5,786$3,767$857
34 years$18,051$12,301$8,176$5,324$3,411$734
35 years$17,344$11,668$7,644$4,901$3,089$629
36 years$16,676$11,074$7,151$4,513$2,799$539
37 years$16,047$10,518$6,693$4,158$2,537$462
38 years$15,452$9,996$6,268$3,833$2,300$396
39 years$14,889$9,505$5,872$3,534$2,086$340
40 years$14,355$9,043$5,504$3,260$1,892$291
41 years$13,849$8,608$5,161$3,008$1,716$250
42 years$13,368$8,198$4,841$2,776$1,557$214
43 years$12,911$7,811$4,543$2,562$1,413$184
44 years$12,475$7,446$4,264$2,366$1,283$157
45 years$12,061$7,100$4,004$2,185$1,165$135
46 years$11,665$6,773$3,761$2,018$1,057$116
47 years$11,288$6,464$3,533$1,865$960$99
48 years$10,927$6,171$3,320$1,723$872$85
49 years$10,582$5,893$3,121$1,592$792$73
50 years$10,252$5,629$2,934$1,472$719$63

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 $2,879 every year, while hoping to spend $36,203 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: 59/16/25 Blend
64$10,500,000$10,500,000$10,500,000$10,500,000
65$11,573,970$11,017,470$10,854,720$12,178,697
66$12,715,995$11,518,806$11,179,833$13,092,534
67$13,973,293$12,043,494$11,514,624$14,084,662
68$15,357,585$12,592,641$11,859,380$15,166,041
69$16,881,782$13,167,405$12,214,393$16,345,338
70$18,560,117$13,769,000$12,579,968$17,632,086
71$20,408,268$14,398,700$12,956,416$19,036,776
72$22,443,513$15,057,839$13,344,058$20,570,947
73$24,684,892$15,747,813$13,743,224$22,247,298
74$27,153,384$16,470,089$14,154,255$24,079,804
75$29,872,107$17,226,201$14,577,501$26,083,844
76$32,866,536$18,017,759$15,013,321$28,276,345
77$36,164,742$18,846,449$15,462,087$30,675,936
78$39,797,658$19,714,037$15,924,179$33,303,125
79$43,799,372$20,622,377$16,399,991$36,180,487
80$48,207,444$21,573,410$16,889,927$39,332,875
81$53,063,266$22,569,170$17,394,403$42,787,649
82$58,412,450$23,611,790$17,913,846$46,574,933
83$64,305,258$24,703,506$18,448,698$50,727,897
84$70,797,077$25,846,660$18,999,412$55,283,063
85$77,948,941$27,043,708$19,566,454$60,280,646
86$85,828,107$28,297,225$20,150,305$65,764,932
87$94,508,692$29,609,907$20,751,458$71,784,691
88$104,072,370$30,984,583$21,370,423$78,393,631
89$114,609,142$32,424,218$22,007,723$85,650,904
90$126,218,189$33,931,919$22,663,896$93,621,654
91$139,008,804$35,510,943$23,339,496$102,377,633
92$153,101,427$37,164,705$24,035,095$111,997,869
93$168,628,781$38,896,783$24,751,278$122,569,407
94$185,737,121$40,710,930$25,488,651$134,188,127
95$204,587,620$42,611,079$26,247,833$146,959,640
96$225,357,888$44,601,352$27,029,466$161,000,282
97$248,243,646$46,686,072$27,834,207$176,438,204
98$273,460,578$48,869,769$28,662,733$193,414,573
99$301,246,364$51,157,195$29,515,741$212,084,903
100$331,862,923$53,553,327$30,393,949$232,620,509