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

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$867,080$859,357$851,821$844,466$837,285$810,483
2 years$429,248$421,253$413,506$405,993$398,707$371,952
3 years$283,323$275,294$267,565$260,124$252,956$227,087
4 years$210,374$202,370$194,719$187,405$180,410$155,626
5 years$166,617$158,661$151,110$143,945$137,145$113,511
6 years$137,455$129,558$122,119$115,114$108,518$86,055
7 years$116,633$108,803$101,482$94,641$88,254$66,960
8 years$101,023$93,264$86,065$79,392$73,216$53,074
9 years$88,889$81,203$74,127$67,625$61,658$42,648
10 years$79,187$71,577$64,626$58,293$52,536$34,627
11 years$71,255$63,720$56,896$50,732$45,183$28,343
12 years$64,649$57,192$50,493$44,499$39,154$23,347
13 years$59,064$51,685$45,113$39,286$34,143$19,330
14 years$54,281$46,980$40,534$34,874$29,930$16,070
15 years$50,139$42,917$36,597$31,101$26,353$13,405
16 years$46,519$39,376$33,180$27,848$23,290$11,213
17 years$43,328$36,264$30,193$25,021$20,651$9,400
18 years$40,494$33,509$27,562$22,549$18,362$7,895
19 years$37,962$31,056$25,232$20,375$16,366$6,642
20 years$35,686$28,859$23,156$18,453$14,619$5,594
21 years$33,630$26,881$21,299$16,748$13,082$4,717
22 years$31,762$25,092$19,631$15,227$11,726$3,982
23 years$30,060$23,468$18,125$13,868$10,526$3,363
24 years$28,502$21,988$16,763$12,648$9,461$2,842
25 years$27,071$20,635$15,526$11,551$8,514$2,404
26 years$25,752$19,393$14,399$10,562$7,669$2,034
27 years$24,532$18,251$13,371$9,668$6,914$1,721
28 years$23,402$17,198$12,430$8,858$6,239$1,457
29 years$22,352$16,225$11,567$8,123$5,633$1,234
30 years$21,373$15,322$10,775$7,454$5,090$1,045
31 years$20,460$14,485$10,045$6,846$4,602$886
32 years$19,605$13,706$9,372$6,292$4,163$751
33 years$18,804$12,979$8,751$5,786$3,767$636
34 years$18,051$12,301$8,176$5,324$3,411$539
35 years$17,344$11,668$7,644$4,901$3,089$457
36 years$16,676$11,074$7,151$4,513$2,799$387
37 years$16,047$10,518$6,693$4,158$2,537$329
38 years$15,452$9,996$6,268$3,833$2,300$279
39 years$14,889$9,505$5,872$3,534$2,086$236
40 years$14,355$9,043$5,504$3,260$1,892$200
41 years$13,849$8,608$5,161$3,008$1,716$170
42 years$13,368$8,198$4,841$2,776$1,557$144
43 years$12,911$7,811$4,543$2,562$1,413$122
44 years$12,475$7,446$4,264$2,366$1,283$104
45 years$12,061$7,100$4,004$2,185$1,165$88
46 years$11,665$6,773$3,761$2,018$1,057$75
47 years$11,288$6,464$3,533$1,865$960$63
48 years$10,927$6,171$3,320$1,723$872$54
49 years$10,582$5,893$3,121$1,592$792$45
50 years$10,252$5,629$2,934$1,472$719$39

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 $6,167 every year, while hoping to spend $28,184 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: 29/43/28 Blend
65$10,500,000$10,500,000$10,500,000$10,500,000
66$11,577,361$11,020,861$10,858,111$11,812,811
67$12,728,265$11,530,896$11,191,870$12,509,444
68$13,995,615$12,064,978$11,535,866$13,254,974
69$15,391,262$12,624,255$11,890,411$14,055,925
70$16,928,259$13,209,932$12,255,828$14,917,104
71$18,620,993$13,823,270$12,632,450$15,843,776
72$20,485,316$14,465,593$13,020,619$16,841,701
73$22,538,698$15,138,286$13,420,689$17,917,191
74$24,800,387$15,842,804$13,833,024$19,077,158
75$27,291,594$16,580,669$14,257,998$20,329,176
76$30,035,694$17,353,479$14,695,998$21,681,548
77$33,058,443$18,162,908$15,147,423$23,143,376
78$36,388,224$19,010,711$15,612,682$24,724,640
79$40,056,315$19,898,727$16,092,198$26,436,288
80$44,097,180$20,828,886$16,586,408$28,290,331
81$48,548,800$21,803,209$17,095,760$30,299,949
82$53,453,027$22,823,816$17,620,718$32,479,607
83$58,855,981$23,892,928$18,161,757$34,845,183
84$64,808,485$25,012,875$18,719,369$37,414,114
85$71,366,544$26,186,099$19,294,061$40,205,545
86$78,591,874$27,415,160$19,886,355$43,240,506
87$86,552,484$28,702,743$20,496,787$46,542,097
88$95,323,321$30,051,660$21,125,913$50,135,699
89$104,986,971$31,464,863$21,774,303$54,049,201
90$115,634,444$32,945,444$22,442,544$58,313,254
91$127,366,033$34,496,645$23,131,244$62,961,547
92$140,292,254$36,121,867$23,841,027$68,031,115
93$154,534,900$37,824,674$24,572,537$73,562,672
94$170,228,179$39,608,803$25,326,437$79,600,987
95$187,519,990$41,478,171$26,103,409$86,195,292
96$206,573,316$43,436,888$26,904,160$93,399,728
97$227,567,758$45,489,260$27,729,413$101,273,847
98$250,701,238$47,639,802$28,579,918$109,883,152
99$276,191,863$49,893,251$29,456,444$119,299,707
100$304,279,983$52,254,571$30,359,785$129,602,790