Can I retire at age 66 with 10,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$867,080$859,357$851,821$844,466$837,285$823,414
2 years$429,248$421,253$413,506$405,993$398,707$384,773
3 years$283,323$275,294$267,565$260,124$252,956$239,392
4 years$210,374$202,370$194,719$187,405$180,410$167,322
5 years$166,617$158,661$151,110$143,945$137,145$124,569
6 years$137,455$129,558$122,119$115,114$108,518$96,469
7 years$116,633$108,803$101,482$94,641$88,254$76,736
8 years$101,023$93,264$86,065$79,392$73,216$62,225
9 years$88,889$81,203$74,127$67,625$61,658$51,190
10 years$79,187$71,577$64,626$58,293$52,536$42,582
11 years$71,255$63,720$56,896$50,732$45,183$35,731
12 years$64,649$57,192$50,493$44,499$39,154$30,194
13 years$59,064$51,685$45,113$39,286$34,143$25,661
14 years$54,281$46,980$40,534$34,874$29,930$21,910
15 years$50,139$42,917$36,597$31,101$26,353$18,781
16 years$46,519$39,376$33,180$27,848$23,290$16,152
17 years$43,328$36,264$30,193$25,021$20,651$13,928
18 years$40,494$33,509$27,562$22,549$18,362$12,039
19 years$37,962$31,056$25,232$20,375$16,366$10,427
20 years$35,686$28,859$23,156$18,453$14,619$9,046
21 years$33,630$26,881$21,299$16,748$13,082$7,859
22 years$31,762$25,092$19,631$15,227$11,726$6,837
23 years$30,060$23,468$18,125$13,868$10,526$5,954
24 years$28,502$21,988$16,763$12,648$9,461$5,190
25 years$27,071$20,635$15,526$11,551$8,514$4,527
26 years$25,752$19,393$14,399$10,562$7,669$3,952
27 years$24,532$18,251$13,371$9,668$6,914$3,452
28 years$23,402$17,198$12,430$8,858$6,239$3,017
29 years$22,352$16,225$11,567$8,123$5,633$2,638
30 years$21,373$15,322$10,775$7,454$5,090$2,308
31 years$20,460$14,485$10,045$6,846$4,602$2,019
32 years$19,605$13,706$9,372$6,292$4,163$1,768
33 years$18,804$12,979$8,751$5,786$3,767$1,548
34 years$18,051$12,301$8,176$5,324$3,411$1,355
35 years$17,344$11,668$7,644$4,901$3,089$1,187
36 years$16,676$11,074$7,151$4,513$2,799$1,040
37 years$16,047$10,518$6,693$4,158$2,537$911
38 years$15,452$9,996$6,268$3,833$2,300$799
39 years$14,889$9,505$5,872$3,534$2,086$700
40 years$14,355$9,043$5,504$3,260$1,892$614
41 years$13,849$8,608$5,161$3,008$1,716$538
42 years$13,368$8,198$4,841$2,776$1,557$472
43 years$12,911$7,811$4,543$2,562$1,413$413
44 years$12,475$7,446$4,264$2,366$1,283$362
45 years$12,061$7,100$4,004$2,185$1,165$318
46 years$11,665$6,773$3,761$2,018$1,057$279
47 years$11,288$6,464$3,533$1,865$960$244
48 years$10,927$6,171$3,320$1,723$872$214
49 years$10,582$5,893$3,121$1,592$792$188
50 years$10,252$5,629$2,934$1,472$719$165

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $10,500,000, adding $2,067 every year, while hoping to spend $21,419 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: 88/6/6 Blend
65$10,500,000$10,500,000$10,500,000$10,500,000
66$11,573,132$11,016,632$10,853,882$12,589,395
67$12,730,802$11,533,657$11,194,698$13,768,092
68$14,005,836$12,075,299$11,546,212$15,060,526
69$15,410,183$12,642,741$11,908,762$16,480,673
70$16,957,010$13,237,223$12,282,694$18,041,400
71$18,660,826$13,860,047$12,668,365$19,756,883
72$20,537,618$14,512,577$13,066,143$21,642,734
73$22,605,004$15,196,243$13,476,408$23,716,152
74$24,882,399$15,912,544$13,899,552$25,996,084
75$27,391,196$16,663,051$14,335,980$28,503,399
76$30,154,971$17,449,413$14,786,108$31,261,091
77$33,199,702$18,273,358$15,250,366$34,294,486
78$36,554,016$19,136,697$15,729,198$37,631,490
79$40,249,461$20,041,330$16,223,061$41,302,842
80$44,320,799$20,989,249$16,732,427$45,342,410
81$48,806,340$21,982,541$17,257,782$49,787,504
82$53,748,297$23,023,397$17,799,629$54,679,233
83$59,193,191$24,114,111$18,358,484$60,062,886
84$65,192,286$25,257,091$18,934,882$65,988,361
85$71,802,071$26,454,861$19,529,373$72,510,634
86$79,084,800$27,710,067$20,142,525$79,690,276
87$87,109,074$29,025,484$20,774,924$87,594,026
88$95,950,488$30,404,022$21,427,172$96,295,413
89$105,692,350$31,848,731$22,099,895$105,875,457
90$116,426,461$33,362,810$22,793,733$116,423,425
91$128,253,987$34,949,615$23,509,350$128,037,674
92$141,286,409$36,612,662$24,247,429$140,826,579
93$155,646,580$38,355,639$25,008,674$154,909,554
94$171,469,880$40,182,414$25,793,814$170,418,173
95$188,905,498$42,097,043$26,603,597$187,497,417
96$208,117,839$44,103,778$27,438,797$206,307,033
97$229,288,074$46,207,078$28,300,212$227,023,045
98$252,615,852$48,411,620$29,188,664$249,839,410
99$278,321,186$50,722,306$30,105,001$274,969,849
100$306,646,528$53,144,280$31,050,099$302,649,861