Can I retire at age 65 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$900,112$892,094$884,272$876,637$869,181$853,728
2 years$445,600$437,301$429,258$421,460$413,896$398,380
3 years$294,116$285,781$277,758$270,033$262,593$247,497
4 years$218,389$210,079$202,137$194,544$187,283$172,724
5 years$172,964$164,705$156,867$149,428$142,370$128,389
6 years$142,691$134,494$126,772$119,499$112,652$99,266
7 years$121,076$112,948$105,348$98,247$91,616$78,828
8 years$104,872$96,817$89,343$82,417$76,005$63,811
9 years$92,275$84,297$76,951$70,201$64,007$52,401
10 years$82,204$74,303$67,088$60,514$54,537$43,509
11 years$73,969$66,148$59,063$52,665$46,904$36,441
12 years$67,112$59,371$52,417$46,194$40,646$30,734
13 years$61,314$53,654$46,831$40,783$35,444$26,068
14 years$56,349$48,770$42,078$36,202$31,070$22,213
15 years$52,049$44,552$37,991$32,286$27,356$19,001
16 years$48,291$40,876$34,444$28,909$24,178$16,307
17 years$44,978$37,645$31,343$25,974$21,438$14,032
18 years$42,037$34,786$28,612$23,408$19,061$12,102
19 years$39,408$32,239$26,193$21,151$16,990$10,459
20 years$37,046$29,958$24,039$19,156$15,176$9,053
21 years$34,911$27,905$22,111$17,386$13,580$7,848
22 years$32,972$26,048$20,379$15,808$12,173$6,811
23 years$31,205$24,362$18,816$14,396$10,927$5,918
24 years$29,588$22,826$17,402$13,130$9,822$5,146
25 years$28,102$21,421$16,117$11,991$8,838$4,479
26 years$26,733$20,132$14,948$10,964$7,961$3,900
27 years$25,467$18,947$13,881$10,036$7,177$3,399
28 years$24,294$17,853$12,904$9,195$6,476$2,963
29 years$23,203$16,843$12,008$8,432$5,848$2,585
30 years$22,188$15,906$11,185$7,738$5,284$2,255
31 years$21,239$15,037$10,428$7,107$4,777$1,969
32 years$20,352$14,228$9,729$6,532$4,321$1,719
33 years$19,520$13,474$9,084$6,006$3,911$1,501
34 years$18,739$12,770$8,488$5,526$3,541$1,311
35 years$18,004$12,112$7,935$5,087$3,207$1,146
36 years$17,312$11,496$7,423$4,685$2,906$1,001
37 years$16,658$10,919$6,948$4,317$2,634$875
38 years$16,041$10,377$6,507$3,979$2,388$765
39 years$15,456$9,867$6,096$3,669$2,165$669
40 years$14,902$9,388$5,714$3,384$1,964$585
41 years$14,376$8,936$5,358$3,122$1,782$511
42 years$13,877$8,511$5,026$2,881$1,617$447
43 years$13,403$8,109$4,716$2,660$1,467$391
44 years$12,951$7,730$4,427$2,456$1,332$342
45 years$12,520$7,371$4,157$2,268$1,209$299
46 years$12,110$7,032$3,904$2,095$1,098$261
47 years$11,718$6,710$3,668$1,936$997$229
48 years$11,343$6,406$3,447$1,789$905$200
49 years$10,985$6,117$3,240$1,653$822$175
50 years$10,642$5,843$3,046$1,528$747$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $10,900,000, adding $6,737 every year, while hoping to spend $31,046 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: 26/48/26 Blend
64$10,900,000$10,900,000$10,900,000$10,900,000
65$12,018,749$11,441,049$11,272,099$12,232,927
66$13,211,629$11,968,628$11,616,682$12,935,299
67$14,525,142$12,521,017$11,971,767$13,685,262
68$15,971,560$13,099,401$12,337,675$14,489,303
69$17,564,405$13,705,018$12,714,734$15,352,010
70$19,318,579$14,339,168$13,103,282$16,278,397
71$21,250,500$15,003,214$13,503,668$17,273,948
72$23,378,263$15,698,582$13,916,252$18,344,664
73$25,721,803$16,426,771$14,341,404$19,497,109
74$28,303,093$17,189,348$14,779,507$20,738,471
75$31,146,340$17,987,957$15,230,952$22,076,620
76$34,278,222$18,824,323$15,696,145$23,520,177
77$37,728,138$19,700,252$16,175,503$25,078,586
78$41,528,482$20,617,638$16,669,456$26,762,199
79$45,714,951$21,578,467$17,178,446$28,582,362
80$50,326,883$22,584,818$17,702,931$30,551,516
81$55,407,625$23,638,875$18,243,379$32,683,308
82$61,004,946$24,742,923$18,800,276$34,992,704
83$67,171,485$25,899,361$19,374,120$37,496,128
84$73,965,248$27,110,701$19,965,424$40,211,604
85$81,450,156$28,379,578$20,574,719$43,158,915
86$89,696,650$29,708,755$21,202,550$46,359,782
87$98,782,351$31,101,126$21,849,477$49,838,054
88$108,792,797$32,559,728$22,516,082$53,619,922
89$119,822,250$34,087,743$23,202,959$57,734,159
90$131,974,585$35,688,507$23,910,722$62,212,370
91$145,364,267$37,365,518$24,640,006$67,089,285
92$160,117,437$39,122,444$25,391,461$72,403,067
93$176,373,100$40,963,128$26,165,759$78,195,659
94$194,284,436$42,891,601$26,963,593$84,513,168
95$214,020,249$44,912,091$27,785,674$91,406,277
96$235,766,558$47,029,026$28,632,737$98,930,713
97$259,728,352$49,247,053$29,505,538$107,147,752
98$286,131,527$51,571,042$30,404,857$116,124,781
99$315,225,018$54,006,099$31,331,496$125,935,910
100$347,283,151$56,557,578$32,286,281$136,662,657