Can I retire at age 66 with 10,000,000?

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 $10,000,000?

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$825,791$818,435$811,258$804,254$797,414$766,988
2 years$408,807$401,194$393,815$386,660$379,721$349,425
3 years$269,831$262,184$254,824$247,737$240,911$211,698
4 years$200,356$192,733$185,447$178,481$171,819$143,913
5 years$158,683$151,105$143,914$137,090$130,614$104,086
6 years$130,909$123,389$116,304$109,632$103,351$78,219
7 years$111,079$103,622$96,649$90,135$84,052$60,308
8 years$96,213$88,823$81,966$75,612$69,729$47,351
9 years$84,656$77,336$70,598$64,404$58,722$37,678
10 years$75,417$68,168$61,549$55,517$50,034$30,285
11 years$67,862$60,686$54,186$48,317$43,031$24,532
12 years$61,571$54,469$48,089$42,380$37,290$19,994
13 years$56,251$49,224$42,964$37,415$32,517$16,374
14 years$51,696$44,743$38,604$33,213$28,505$13,462
15 years$47,752$40,874$34,854$29,620$25,098$11,102
16 years$44,304$37,501$31,600$26,522$22,181$9,179
17 years$41,265$34,537$28,755$23,830$19,668$7,605
18 years$38,566$31,914$26,250$21,475$17,487$6,312
19 years$36,155$29,577$24,030$19,405$15,587$5,246
20 years$33,987$27,484$22,054$17,575$13,923$4,365
21 years$32,028$25,601$20,285$15,950$12,459$3,635
22 years$30,250$23,897$18,696$14,502$11,168$3,030
23 years$28,629$22,351$17,262$13,208$10,025$2,527
24 years$27,145$20,941$15,965$12,046$9,011$2,109
25 years$25,782$19,652$14,787$11,001$8,108$1,761
26 years$24,525$18,470$13,714$10,059$7,304$1,471
27 years$23,364$17,382$12,734$9,207$6,585$1,229
28 years$22,288$16,379$11,838$8,436$5,942$1,027
29 years$21,288$15,452$11,017$7,736$5,365$858
30 years$20,356$14,593$10,262$7,099$4,848$718
31 years$19,486$13,795$9,567$6,520$4,383$600
32 years$18,672$13,053$8,926$5,992$3,965$502
33 years$17,909$12,361$8,334$5,510$3,588$420
34 years$17,192$11,716$7,787$5,070$3,248$351
35 years$16,518$11,112$7,280$4,667$2,942$294
36 years$15,882$10,547$6,810$4,298$2,666$246
37 years$15,283$10,017$6,374$3,960$2,416$205
38 years$14,716$9,520$5,969$3,650$2,190$172
39 years$14,180$9,053$5,593$3,366$1,986$144
40 years$13,672$8,613$5,242$3,105$1,802$120
41 years$13,189$8,199$4,915$2,864$1,635$101
42 years$12,731$7,808$4,611$2,643$1,483$84
43 years$12,296$7,439$4,327$2,440$1,346$71
44 years$11,881$7,091$4,061$2,253$1,222$59
45 years$11,486$6,762$3,813$2,081$1,109$49
46 years$11,110$6,451$3,582$1,922$1,007$41
47 years$10,750$6,156$3,365$1,776$914$35
48 years$10,406$5,877$3,162$1,641$830$29
49 years$10,078$5,612$2,972$1,516$754$24
50 years$9,763$5,361$2,794$1,402$685$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,000,000, adding $6,521 every year, while hoping to spend $39,990 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: 49/43/8 Blend
65$10,000,000$10,000,000$10,000,000$10,000,000
66$11,026,726$10,496,726$10,341,726$11,543,528
67$12,108,903$10,968,517$10,645,625$12,369,452
68$13,300,122$11,462,085$10,958,364$13,261,276
69$14,611,463$11,978,455$11,280,198$14,229,004
70$16,055,134$12,518,702$11,611,386$15,279,735
71$17,644,589$13,083,949$11,952,199$16,421,261
72$19,394,651$13,675,376$12,302,911$17,662,144
73$21,321,654$14,294,218$12,663,807$19,011,782
74$23,443,597$14,941,769$13,035,179$20,480,504
75$25,780,313$15,619,385$13,417,327$22,079,654
76$28,353,656$16,328,486$13,810,558$23,821,701
77$31,187,708$17,070,561$14,215,192$25,720,347
78$34,309,006$17,847,171$14,631,552$27,790,650
79$37,746,791$18,659,949$15,059,976$30,049,166
80$41,533,286$19,510,608$15,500,807$32,514,095
81$45,703,997$20,400,944$15,954,400$35,205,451
82$50,298,052$21,332,837$16,421,119$38,145,238
83$55,358,566$22,308,259$16,901,340$41,357,660
84$60,933,051$23,329,275$17,395,446$44,869,335
85$67,073,863$24,398,050$17,903,834$48,709,544
86$73,838,695$25,516,853$18,426,911$52,910,497
87$81,291,124$26,688,061$18,965,094$57,507,632
88$89,501,208$27,914,166$19,518,815$62,539,938
89$98,546,151$29,197,779$20,088,514$68,050,318
90$108,511,026$30,541,638$20,674,647$74,085,982
91$119,489,583$31,948,610$21,277,680$80,698,887
92$131,585,131$33,421,703$21,898,093$87,946,213
93$144,911,515$34,964,067$22,536,380$95,890,896
94$159,594,188$36,579,005$23,193,048$104,602,211
95$175,771,398$38,269,979$23,868,617$114,156,412
96$193,595,488$40,040,616$24,563,624$124,637,444
97$213,234,342$41,894,719$25,278,619$136,137,722
98$234,872,960$43,836,276$26,014,168$148,758,986
99$258,715,211$45,869,463$26,770,852$162,613,256
100$284,985,757$47,998,660$27,549,269$177,823,868