Can I retire at age 65 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$883,596$875,725$868,047$860,552$853,233$822,960
2 years$437,424$429,277$421,382$413,727$406,301$376,124
3 years$288,719$280,537$272,662$265,079$257,774$228,642
4 years$214,381$206,225$198,428$190,974$183,847$155,981
5 years$169,790$161,683$153,988$146,687$139,757$113,232
6 years$140,073$132,026$124,445$117,306$110,585$85,420
7 years$118,854$110,875$103,415$96,444$89,935$66,125
8 years$102,948$95,041$87,704$80,905$74,610$52,135
9 years$90,582$82,750$75,539$68,913$62,833$41,663
10 years$80,696$72,940$65,857$59,403$53,536$33,636
11 years$72,612$64,934$57,979$51,699$46,043$27,372
12 years$65,881$58,281$51,455$45,347$39,900$22,413
13 years$60,189$52,669$45,972$40,034$34,794$18,443
14 years$55,315$47,875$41,306$35,538$30,500$15,237
15 years$51,094$43,735$37,294$31,694$26,854$12,629
16 years$47,405$40,126$33,812$28,378$23,734$10,495
17 years$44,153$36,954$30,768$25,498$21,044$8,740
18 years$41,266$34,147$28,087$22,979$18,712$7,292
19 years$38,685$31,648$25,712$20,763$16,678$6,093
20 years$36,366$29,408$23,597$18,805$14,897$5,097
21 years$34,270$27,393$21,705$17,067$13,331$4,268
22 years$32,367$25,570$20,005$15,518$11,950$3,577
23 years$30,633$23,915$18,471$14,132$10,727$3,000
24 years$29,045$22,407$17,082$12,889$9,641$2,517
25 years$27,586$21,028$15,822$11,771$8,676$2,114
26 years$26,242$19,763$14,674$10,763$7,815$1,775
27 years$25,000$18,599$13,626$9,852$7,046$1,492
28 years$23,848$17,526$12,667$9,026$6,357$1,254
29 years$22,778$16,534$11,788$8,277$5,741$1,054
30 years$21,781$15,614$10,980$7,596$5,187$886
31 years$20,850$14,761$10,236$6,977$4,690$745
32 years$19,979$13,967$9,551$6,412$4,242$627
33 years$19,162$13,227$8,917$5,896$3,839$527
34 years$18,395$12,536$8,332$5,425$3,476$444
35 years$17,674$11,890$7,790$4,994$3,148$373
36 years$16,994$11,285$7,287$4,599$2,852$314
37 years$16,353$10,718$6,821$4,238$2,585$264
38 years$15,746$10,186$6,387$3,906$2,344$222
39 years$15,172$9,686$5,984$3,602$2,125$187
40 years$14,629$9,216$5,609$3,322$1,928$158
41 years$14,113$8,772$5,259$3,065$1,749$133
42 years$13,623$8,355$4,933$2,828$1,587$112
43 years$13,157$7,960$4,629$2,611$1,440$94
44 years$12,713$7,588$4,345$2,411$1,307$79
45 years$12,290$7,236$4,080$2,226$1,187$67
46 years$11,887$6,903$3,832$2,057$1,078$56
47 years$11,503$6,587$3,600$1,900$979$47
48 years$11,135$6,288$3,383$1,756$889$40
49 years$10,783$6,005$3,180$1,623$807$33
50 years$10,447$5,736$2,990$1,500$733$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $10,700,000, adding $5,305 every year, while hoping to spend $46,070 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: 48/46/6 Blend
64$10,700,000$10,700,000$10,700,000$10,700,000
65$11,796,872$11,229,772$11,063,922$12,344,559
66$12,951,135$11,731,013$11,385,545$13,220,936
67$14,221,589$12,255,270$11,716,399$14,166,560
68$15,620,036$12,803,624$12,056,743$15,192,107
69$17,159,481$13,377,203$12,406,847$16,305,018
70$18,854,256$13,977,194$12,766,983$17,513,462
71$20,720,150$14,604,836$13,137,437$18,826,408
72$22,774,562$15,261,429$13,518,498$20,253,705
73$25,036,664$15,948,336$13,910,464$21,806,169
74$27,527,581$16,666,983$14,313,643$23,495,682
75$30,270,594$17,418,864$14,728,349$25,335,301
76$33,291,353$18,205,547$15,154,907$27,339,368
77$36,618,123$19,028,671$15,593,649$29,523,648
78$40,282,053$19,889,957$16,044,917$31,905,467
79$44,317,462$20,791,205$16,509,062$34,503,872
80$48,762,173$21,734,304$16,986,445$37,339,802
81$53,657,861$22,721,230$17,477,437$40,436,278
82$59,050,450$23,754,058$17,982,418$43,818,617
83$64,990,547$24,834,958$18,501,780$47,514,661
84$71,533,918$25,966,206$19,035,925$51,555,029
85$78,742,014$27,150,187$19,585,265$55,973,405
86$86,682,553$28,389,399$20,150,225$60,806,839
87$95,430,155$29,686,462$20,731,240$66,096,096
88$105,067,052$31,044,119$21,328,757$71,886,022
89$115,683,857$32,465,247$21,943,236$78,225,966
90$127,380,425$33,952,858$22,575,149$85,170,232
91$140,266,792$35,510,112$23,224,980$92,778,577
92$154,464,216$37,140,320$23,893,229$101,116,771
93$170,106,320$38,846,948$24,580,405$110,257,201
94$187,340,350$40,633,635$25,287,035$120,279,542
95$206,328,572$42,504,189$26,013,657$131,271,497
96$227,249,797$44,462,605$26,760,825$143,329,614
97$250,301,072$46,513,068$27,529,108$156,560,175
98$275,699,539$48,659,966$28,319,090$171,080,196
99$303,684,483$50,907,896$29,131,371$187,018,504
100$334,519,595$53,261,677$29,966,567$204,516,945