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%12.2%
1 years$825,791$818,435$811,258$804,254$797,414$790,073
2 years$408,807$401,194$393,815$386,660$379,721$372,325
3 years$269,831$262,184$254,824$247,737$240,911$233,688
4 years$200,356$192,733$185,447$178,481$171,819$164,827
5 years$158,683$151,105$143,914$137,090$130,614$123,872
6 years$130,909$123,389$116,304$109,632$103,351$96,867
7 years$111,079$103,622$96,649$90,135$84,052$77,829
8 years$96,213$88,823$81,966$75,612$69,729$63,768
9 years$84,656$77,336$70,598$64,404$58,722$53,020
10 years$75,417$68,168$61,549$55,517$50,034$44,588
11 years$67,862$60,686$54,186$48,317$43,031$37,837
12 years$61,571$54,469$48,089$42,380$37,290$32,342
13 years$56,251$49,224$42,964$37,415$32,517$27,811
14 years$51,696$44,743$38,604$33,213$28,505$24,033
15 years$47,752$40,874$34,854$29,620$25,098$20,854
16 years$44,304$37,501$31,600$26,522$22,181$18,159
17 years$41,265$34,537$28,755$23,830$19,668$15,860
18 years$38,566$31,914$26,250$21,475$17,487$13,887
19 years$36,155$29,577$24,030$19,405$15,587$12,186
20 years$33,987$27,484$22,054$17,575$13,923$10,714
21 years$32,028$25,601$20,285$15,950$12,459$9,435
22 years$30,250$23,897$18,696$14,502$11,168$8,320
23 years$28,629$22,351$17,262$13,208$10,025$7,347
24 years$27,145$20,941$15,965$12,046$9,011$6,494
25 years$25,782$19,652$14,787$11,001$8,108$5,746
26 years$24,525$18,470$13,714$10,059$7,304$5,088
27 years$23,364$17,382$12,734$9,207$6,585$4,509
28 years$22,288$16,379$11,838$8,436$5,942$3,998
29 years$21,288$15,452$11,017$7,736$5,365$3,548
30 years$20,356$14,593$10,262$7,099$4,848$3,149
31 years$19,486$13,795$9,567$6,520$4,383$2,797
32 years$18,672$13,053$8,926$5,992$3,965$2,485
33 years$17,909$12,361$8,334$5,510$3,588$2,209
34 years$17,192$11,716$7,787$5,070$3,248$1,963
35 years$16,518$11,112$7,280$4,667$2,942$1,746
36 years$15,882$10,547$6,810$4,298$2,666$1,553
37 years$15,283$10,017$6,374$3,960$2,416$1,382
38 years$14,716$9,520$5,969$3,650$2,190$1,230
39 years$14,180$9,053$5,593$3,366$1,986$1,094
40 years$13,672$8,613$5,242$3,105$1,802$974
41 years$13,189$8,199$4,915$2,864$1,635$867
42 years$12,731$7,808$4,611$2,643$1,483$772
43 years$12,296$7,439$4,327$2,440$1,346$688
44 years$11,881$7,091$4,061$2,253$1,222$612
45 years$11,486$6,762$3,813$2,081$1,109$546
46 years$11,110$6,451$3,582$1,922$1,007$486
47 years$10,750$6,156$3,365$1,776$914$433
48 years$10,406$5,877$3,162$1,641$830$386
49 years$10,078$5,612$2,972$1,516$754$343
50 years$9,763$5,361$2,794$1,402$685$306

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 $4,929 every year, while hoping to spend $52,231 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: 77/18/5 Blend
65$10,000,000$10,000,000$10,000,000$10,000,000
66$11,025,084$10,495,084$10,340,084$11,870,778
67$12,094,069$10,953,770$10,630,904$12,884,892
68$13,270,341$11,433,181$10,929,715$13,989,125
69$14,564,786$11,934,277$11,236,731$15,198,156
70$15,989,402$12,458,064$11,552,169$16,522,367
71$17,557,407$13,005,596$11,876,253$17,973,186
72$19,283,367$13,577,975$12,209,213$19,563,191
73$21,183,331$14,176,356$12,551,282$21,306,231
74$23,274,983$14,801,950$12,902,702$23,217,553
75$25,577,808$15,456,022$13,263,719$25,313,944
76$28,113,278$16,139,901$13,634,587$27,613,886
77$30,905,052$16,854,975$14,015,565$30,137,731
78$33,979,199$17,602,701$14,406,918$32,907,889
79$37,364,447$18,384,603$14,808,920$35,949,039
80$41,092,451$19,202,279$15,221,849$39,288,357
81$45,198,091$20,057,400$15,645,991$42,955,771
82$49,719,804$20,951,721$16,081,639$46,984,244
83$54,699,944$21,887,075$16,529,094$51,410,076
84$60,185,184$22,865,387$16,988,664$56,273,250
85$66,226,951$23,888,670$17,460,663$61,617,803
86$72,881,920$24,959,034$17,945,415$67,492,238
87$80,212,540$26,078,691$18,443,251$73,949,983
88$88,287,628$27,249,956$18,954,509$81,049,885
89$97,183,018$28,475,255$19,479,536$88,856,770
90$106,982,273$29,757,131$20,018,688$97,442,043
91$117,777,481$31,098,246$20,572,330$106,884,365
92$129,670,114$32,501,390$21,140,833$117,270,388
93$142,771,995$33,969,488$21,724,581$128,695,567
94$157,206,347$35,505,601$22,323,963$141,265,064
95$173,108,959$37,112,940$22,939,380$155,094,725
96$190,629,465$38,794,866$23,571,241$170,312,180
97$209,932,760$40,554,904$24,219,967$187,058,034
98$231,200,552$42,396,745$24,885,987$205,487,195
99$254,633,081$44,324,258$25,569,740$225,770,326
100$280,451,004$46,341,496$26,271,675$248,095,455