Can I retire at age 65 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$875,338$867,541$859,934$852,509$845,259$836,084
2 years$433,336$425,265$417,444$409,860$402,504$393,266
3 years$286,021$277,916$270,114$262,601$255,365$246,351
4 years$212,378$204,297$196,574$189,189$182,129$173,407
5 years$168,204$160,172$152,549$145,316$138,451$130,049
6 years$138,764$130,792$123,282$116,210$109,552$101,478
7 years$117,743$109,839$102,448$95,543$89,095$81,353
8 years$101,985$94,152$86,884$80,148$73,913$66,503
9 years$89,736$81,977$74,833$68,269$62,245$55,164
10 years$79,942$72,258$65,241$58,848$53,036$46,280
11 years$71,933$64,327$57,438$51,216$45,613$39,175
12 years$65,265$57,737$50,974$44,923$39,527$33,402
13 years$59,627$52,177$45,542$39,660$34,468$28,647
14 years$54,798$47,428$40,920$35,206$30,215$24,690
15 years$50,617$43,326$36,945$31,398$26,603$21,367
16 years$46,962$39,751$33,496$28,113$23,512$18,555
17 years$43,741$36,609$30,480$25,259$20,848$16,160
18 years$40,880$33,828$27,824$22,764$18,537$14,110
19 years$38,324$31,352$25,472$20,569$16,522$12,346
20 years$36,026$29,134$23,377$18,629$14,758$10,822
21 years$33,950$27,137$21,502$16,907$13,207$9,502
22 years$32,065$25,331$19,818$15,373$11,838$8,354
23 years$30,346$23,692$18,298$14,000$10,626$7,354
24 years$28,773$22,198$16,923$12,769$9,551$6,481
25 years$27,328$20,831$15,674$11,661$8,595$5,716
26 years$25,997$19,578$14,537$10,662$7,742$5,046
27 years$24,766$18,425$13,499$9,760$6,980$4,457
28 years$23,625$17,362$12,549$8,942$6,298$3,940
29 years$22,565$16,379$11,678$8,200$5,687$3,484
30 years$21,577$15,468$10,877$7,525$5,139$3,083
31 years$20,655$14,623$10,141$6,912$4,646$2,729
32 years$19,792$13,836$9,461$6,352$4,202$2,417
33 years$18,983$13,103$8,834$5,841$3,803$2,141
34 years$18,223$12,419$8,254$5,374$3,443$1,897
35 years$17,509$11,779$7,717$4,947$3,119$1,681
36 years$16,835$11,180$7,219$4,556$2,826$1,491
37 years$16,200$10,618$6,757$4,198$2,561$1,322
38 years$15,599$10,091$6,328$3,869$2,322$1,172
39 years$15,031$9,596$5,928$3,568$2,106$1,040
40 years$14,492$9,130$5,556$3,291$1,910$922
41 years$13,981$8,690$5,210$3,036$1,733$818
42 years$13,495$8,277$4,887$2,802$1,572$726
43 years$13,034$7,886$4,586$2,587$1,427$644
44 years$12,594$7,517$4,305$2,388$1,295$572
45 years$12,176$7,168$4,042$2,206$1,176$508
46 years$11,776$6,838$3,796$2,037$1,068$451
47 years$11,395$6,526$3,567$1,882$969$400
48 years$11,031$6,230$3,352$1,739$880$355
49 years$10,683$5,949$3,150$1,607$800$315
50 years$10,349$5,683$2,962$1,486$726$280

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $10,600,000, adding $6,709 every year, while hoping to spend $36,386 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: 51/44/5 Blend
64$10,600,000$10,600,000$10,600,000$10,600,000
65$11,688,120$11,126,320$10,962,020$12,270,363
66$12,841,594$11,632,796$11,290,534$13,172,818
67$14,111,503$12,162,869$11,628,833$14,148,766
68$15,509,684$12,717,657$11,977,207$15,208,737
69$17,049,183$13,298,333$12,335,954$16,360,618
70$18,744,372$13,906,124$12,705,380$17,613,071
71$20,611,089$14,542,315$13,085,802$18,975,606
72$22,666,788$15,208,256$13,477,544$20,458,672
73$24,930,699$15,905,360$13,880,940$22,073,747
74$27,424,013$16,635,106$14,296,335$23,833,440
75$30,170,083$17,399,046$14,724,083$25,751,613
76$33,194,640$18,198,808$15,164,548$27,843,494
77$36,526,039$19,036,095$15,618,106$30,125,828
78$40,195,525$19,912,694$16,085,143$32,617,019
79$44,237,529$20,830,477$16,566,056$35,337,302
80$48,689,993$21,791,406$17,061,254$38,308,929
81$53,594,725$22,797,538$17,571,159$41,556,368
82$58,997,799$23,851,028$18,096,204$45,106,530
83$64,949,982$24,954,137$18,636,835$48,989,015
84$71,507,222$26,109,231$19,193,512$53,236,382
85$78,731,170$27,318,795$19,766,705$57,884,451
86$86,689,762$28,585,428$20,356,902$62,972,630
87$95,457,862$29,911,859$20,964,603$68,544,279
88$105,117,970$31,300,946$21,590,323$74,647,110
89$115,760,996$32,755,685$22,234,592$81,333,627
90$127,487,122$34,279,218$22,897,955$88,661,613
91$140,406,745$35,874,837$23,580,974$96,694,662
92$154,641,523$37,545,993$24,284,226$105,502,770
93$170,325,516$39,296,305$25,008,305$115,162,984
94$187,606,459$41,129,564$25,753,824$125,760,116
95$206,647,152$43,049,747$26,521,411$137,387,529
96$227,626,998$45,061,021$27,311,715$150,148,011
97$250,743,696$47,167,756$28,125,402$164,154,722
98$276,215,108$49,374,531$28,963,158$179,532,255
99$304,281,314$51,686,147$29,825,689$196,417,793
100$335,206,880$54,107,640$30,713,720$214,962,387