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%19.5%
1 years$867,080$859,357$851,821$844,466$837,285$805,337
2 years$429,248$421,253$413,506$405,993$398,707$366,896
3 years$283,323$275,294$267,565$260,124$252,956$222,283
4 years$210,374$202,370$194,719$187,405$180,410$151,109
5 years$166,617$158,661$151,110$143,945$137,145$109,291
6 years$137,455$129,558$122,119$115,114$108,518$82,130
7 years$116,633$108,803$101,482$94,641$88,254$63,324
8 years$101,023$93,264$86,065$79,392$73,216$49,719
9 years$88,889$81,203$74,127$67,625$61,658$39,562
10 years$79,187$71,577$64,626$58,293$52,536$31,799
11 years$71,255$63,720$56,896$50,732$45,183$25,759
12 years$64,649$57,192$50,493$44,499$39,154$20,994
13 years$59,064$51,685$45,113$39,286$34,143$17,193
14 years$54,281$46,980$40,534$34,874$29,930$14,135
15 years$50,139$42,917$36,597$31,101$26,353$11,657
16 years$46,519$39,376$33,180$27,848$23,290$9,638
17 years$43,328$36,264$30,193$25,021$20,651$7,985
18 years$40,494$33,509$27,562$22,549$18,362$6,627
19 years$37,962$31,056$25,232$20,375$16,366$5,508
20 years$35,686$28,859$23,156$18,453$14,619$4,583
21 years$33,630$26,881$21,299$16,748$13,082$3,817
22 years$31,762$25,092$19,631$15,227$11,726$3,181
23 years$30,060$23,468$18,125$13,868$10,526$2,654
24 years$28,502$21,988$16,763$12,648$9,461$2,214
25 years$27,071$20,635$15,526$11,551$8,514$1,849
26 years$25,752$19,393$14,399$10,562$7,669$1,544
27 years$24,532$18,251$13,371$9,668$6,914$1,290
28 years$23,402$17,198$12,430$8,858$6,239$1,078
29 years$22,352$16,225$11,567$8,123$5,633$901
30 years$21,373$15,322$10,775$7,454$5,090$753
31 years$20,460$14,485$10,045$6,846$4,602$630
32 years$19,605$13,706$9,372$6,292$4,163$527
33 years$18,804$12,979$8,751$5,786$3,767$441
34 years$18,051$12,301$8,176$5,324$3,411$369
35 years$17,344$11,668$7,644$4,901$3,089$308
36 years$16,676$11,074$7,151$4,513$2,799$258
37 years$16,047$10,518$6,693$4,158$2,537$216
38 years$15,452$9,996$6,268$3,833$2,300$181
39 years$14,889$9,505$5,872$3,534$2,086$151
40 years$14,355$9,043$5,504$3,260$1,892$126
41 years$13,849$8,608$5,161$3,008$1,716$106
42 years$13,368$8,198$4,841$2,776$1,557$88
43 years$12,911$7,811$4,543$2,562$1,413$74
44 years$12,475$7,446$4,264$2,366$1,283$62
45 years$12,061$7,100$4,004$2,185$1,165$52
46 years$11,665$6,773$3,761$2,018$1,057$43
47 years$11,288$6,464$3,533$1,865$960$36
48 years$10,927$6,171$3,320$1,723$872$30
49 years$10,582$5,893$3,121$1,592$792$25
50 years$10,252$5,629$2,934$1,472$719$21

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 $2,912 every year, while hoping to spend $48,158 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: 37/45/18 Blend
64$10,500,000$10,500,000$10,500,000$10,500,000
65$11,574,004$11,017,504$10,854,754$11,939,109
66$12,703,312$11,506,122$11,167,148$12,691,911
67$13,946,196$12,017,068$11,488,394$13,499,744
68$15,314,190$12,551,385$11,818,736$14,371,317
69$16,820,001$13,110,167$12,158,428$15,312,376
70$18,477,634$13,694,558$12,507,728$16,329,217
71$20,302,518$14,305,757$12,866,902$17,428,749
72$22,311,655$14,945,019$13,236,224$18,618,548
73$24,523,780$15,613,662$13,615,974$19,906,925
74$26,959,537$16,313,062$14,006,440$21,303,003
75$29,641,672$17,044,664$14,407,918$22,816,793
76$32,595,251$17,809,982$14,820,712$24,459,285
77$35,847,894$18,610,598$15,245,133$26,242,549
78$39,430,037$19,448,175$15,681,503$28,179,838
79$43,375,216$20,324,451$16,130,149$30,285,707
80$47,720,388$21,241,249$16,591,409$32,576,149
81$52,506,277$22,200,479$17,065,629$35,068,735
82$57,777,755$23,204,141$17,553,166$37,782,772
83$63,584,273$24,254,331$18,054,384$40,739,480
84$69,980,322$25,353,246$18,569,659$43,962,184
85$77,025,946$26,503,187$19,099,374$47,476,525
86$84,787,315$27,706,565$19,643,926$51,310,694
87$93,337,342$28,965,908$20,203,718$55,495,691
88$102,756,376$30,283,862$20,779,168$60,065,603
89$113,132,959$31,663,204$21,370,702$65,057,922
90$124,564,658$33,106,838$21,978,758$70,513,885
91$137,158,994$34,617,814$22,603,787$76,478,853
92$151,034,447$36,199,322$23,246,250$83,002,729
93$166,321,581$37,854,710$23,906,620$90,140,417
94$183,164,274$39,587,482$24,585,383$97,952,328
95$201,721,075$41,401,314$25,283,038$106,504,935
96$222,166,702$43,300,056$26,000,098$115,871,392
97$244,693,691$45,287,744$26,737,086$126,132,206
98$269,514,211$47,368,607$27,494,542$137,375,984
99$296,862,070$49,547,078$28,273,019$149,700,254
100$326,994,919$51,827,802$29,073,082$163,212,369