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%12.7%
1 years$900,112$892,094$884,272$876,637$869,181$859,389
2 years$445,600$437,301$429,258$421,460$413,896$404,038
3 years$294,116$285,781$277,758$270,033$262,593$252,975
4 years$218,389$210,079$202,137$194,544$187,283$177,980
5 years$172,964$164,705$156,867$149,428$142,370$133,408
6 years$142,691$134,494$126,772$119,499$112,652$104,044
7 years$121,076$112,948$105,348$98,247$91,616$83,364
8 years$104,872$96,817$89,343$82,417$76,005$68,107
9 years$92,275$84,297$76,951$70,201$64,007$56,462
10 years$82,204$74,303$67,088$60,514$54,537$47,340
11 years$73,969$66,148$59,063$52,665$46,904$40,048
12 years$67,112$59,371$52,417$46,194$40,646$34,124
13 years$61,314$53,654$46,831$40,783$35,444$29,248
14 years$56,349$48,770$42,078$36,202$31,070$25,191
15 years$52,049$44,552$37,991$32,286$27,356$21,786
16 years$48,291$40,876$34,444$28,909$24,178$18,906
17 years$44,978$37,645$31,343$25,974$21,438$16,454
18 years$42,037$34,786$28,612$23,408$19,061$14,356
19 years$39,408$32,239$26,193$21,151$16,990$12,552
20 years$37,046$29,958$24,039$19,156$15,176$10,995
21 years$34,911$27,905$22,111$17,386$13,580$9,647
22 years$32,972$26,048$20,379$15,808$12,173$8,475
23 years$31,205$24,362$18,816$14,396$10,927$7,455
24 years$29,588$22,826$17,402$13,130$9,822$6,564
25 years$28,102$21,421$16,117$11,991$8,838$5,785
26 years$26,733$20,132$14,948$10,964$7,961$5,103
27 years$25,467$18,947$13,881$10,036$7,177$4,504
28 years$24,294$17,853$12,904$9,195$6,476$3,978
29 years$23,203$16,843$12,008$8,432$5,848$3,515
30 years$22,188$15,906$11,185$7,738$5,284$3,108
31 years$21,239$15,037$10,428$7,107$4,777$2,749
32 years$20,352$14,228$9,729$6,532$4,321$2,432
33 years$19,520$13,474$9,084$6,006$3,911$2,153
34 years$18,739$12,770$8,488$5,526$3,541$1,906
35 years$18,004$12,112$7,935$5,087$3,207$1,688
36 years$17,312$11,496$7,423$4,685$2,906$1,495
37 years$16,658$10,919$6,948$4,317$2,634$1,324
38 years$16,041$10,377$6,507$3,979$2,388$1,174
39 years$15,456$9,867$6,096$3,669$2,165$1,040
40 years$14,902$9,388$5,714$3,384$1,964$922
41 years$14,376$8,936$5,358$3,122$1,782$817
42 years$13,877$8,511$5,026$2,881$1,617$725
43 years$13,403$8,109$4,716$2,660$1,467$642
44 years$12,951$7,730$4,427$2,456$1,332$570
45 years$12,520$7,371$4,157$2,268$1,209$505
46 years$12,110$7,032$3,904$2,095$1,098$448
47 years$11,718$6,710$3,668$1,936$997$397
48 years$11,343$6,406$3,447$1,789$905$352
49 years$10,985$6,117$3,240$1,653$822$313
50 years$10,642$5,843$3,046$1,528$747$277

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 $5,474 every year, while hoping to spend $20,659 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: 82/7/11 Blend
64$10,900,000$10,900,000$10,900,000$10,900,000
65$12,017,446$11,439,746$11,270,796$12,980,274
66$13,221,245$11,978,313$11,626,387$14,150,554
67$14,547,139$12,542,577$11,993,198$15,431,882
68$16,007,559$13,133,776$12,371,582$16,838,070
69$17,616,206$13,753,206$12,761,906$18,381,633
70$19,388,174$14,402,229$13,164,545$20,076,355
71$21,340,100$15,082,270$13,579,890$21,937,418
72$23,490,314$15,794,825$14,008,339$23,981,542
73$25,859,015$16,541,460$14,450,308$26,227,142
74$28,468,464$17,323,821$14,906,222$28,694,501
75$31,343,188$18,143,630$15,376,522$31,405,963
76$34,510,220$19,002,694$15,861,662$34,386,136
77$37,999,345$19,902,908$16,362,110$37,662,131
78$41,843,386$20,846,259$16,878,349$41,263,808
79$46,078,515$21,834,829$17,410,877$45,224,062
80$50,744,591$22,870,803$17,960,209$49,579,131
81$55,885,538$23,956,471$18,526,875$54,368,935
82$61,549,759$25,094,234$19,111,421$59,637,452
83$67,790,593$26,286,611$19,714,412$65,433,130
84$74,666,819$27,536,240$20,336,431$71,809,344
85$82,243,210$28,845,892$20,978,077$78,824,897
86$90,591,145$30,218,468$21,639,970$86,544,573
87$99,789,281$31,657,012$22,322,748$95,039,748
88$109,924,300$33,164,718$23,027,072$104,389,059
89$121,091,720$34,744,931$23,753,621$114,679,144
90$133,396,805$36,401,162$24,503,096$126,005,460
91$146,955,550$38,137,090$25,276,222$138,473,179
92$161,895,784$39,956,575$26,073,743$152,198,179
93$178,358,372$41,863,665$26,896,431$167,308,137
94$196,498,543$43,862,602$27,745,078$183,943,727
95$216,487,362$45,957,837$28,620,506$202,259,949
96$238,513,338$48,154,036$29,523,558$222,427,588
97$262,784,208$50,456,094$30,455,107$244,634,819
98$289,528,896$52,869,141$31,416,052$269,088,989
99$318,999,675$55,398,560$32,407,321$296,018,560
100$351,474,546$58,049,993$33,429,870$325,675,270