Can I retire at age 67 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%13.6%
1 years$825,791$818,435$811,258$804,254$797,414$785,498
2 years$408,807$401,194$393,815$386,660$379,721$367,742
3 years$269,831$262,184$254,824$247,737$240,911$229,242
4 years$200,356$192,733$185,447$178,481$171,819$160,551
5 years$158,683$151,105$143,914$137,090$130,614$119,779
6 years$130,909$123,389$116,304$109,632$103,351$92,961
7 years$111,079$103,622$96,649$90,135$84,052$74,111
8 years$96,213$88,823$81,966$75,612$69,729$60,236
9 years$84,656$77,336$70,598$64,404$58,722$49,671
10 years$75,417$68,168$61,549$55,517$50,034$41,419
11 years$67,862$60,686$54,186$48,317$43,031$34,843
12 years$61,571$54,469$48,089$42,380$37,290$29,519
13 years$56,251$49,224$42,964$37,415$32,517$25,153
14 years$51,696$44,743$38,604$33,213$28,505$21,535
15 years$47,752$40,874$34,854$29,620$25,098$18,510
16 years$44,304$37,501$31,600$26,522$22,181$15,963
17 years$41,265$34,537$28,755$23,830$19,668$13,805
18 years$38,566$31,914$26,250$21,475$17,487$11,967
19 years$36,155$29,577$24,030$19,405$15,587$10,395
20 years$33,987$27,484$22,054$17,575$13,923$9,045
21 years$32,028$25,601$20,285$15,950$12,459$7,882
22 years$30,250$23,897$18,696$14,502$11,168$6,878
23 years$28,629$22,351$17,262$13,208$10,025$6,008
24 years$27,145$20,941$15,965$12,046$9,011$5,254
25 years$25,782$19,652$14,787$11,001$8,108$4,598
26 years$24,525$18,470$13,714$10,059$7,304$4,026
27 years$23,364$17,382$12,734$9,207$6,585$3,528
28 years$22,288$16,379$11,838$8,436$5,942$3,094
29 years$21,288$15,452$11,017$7,736$5,365$2,714
30 years$20,356$14,593$10,262$7,099$4,848$2,382
31 years$19,486$13,795$9,567$6,520$4,383$2,091
32 years$18,672$13,053$8,926$5,992$3,965$1,836
33 years$17,909$12,361$8,334$5,510$3,588$1,613
34 years$17,192$11,716$7,787$5,070$3,248$1,418
35 years$16,518$11,112$7,280$4,667$2,942$1,246
36 years$15,882$10,547$6,810$4,298$2,666$1,095
37 years$15,283$10,017$6,374$3,960$2,416$963
38 years$14,716$9,520$5,969$3,650$2,190$847
39 years$14,180$9,053$5,593$3,366$1,986$745
40 years$13,672$8,613$5,242$3,105$1,802$655
41 years$13,189$8,199$4,915$2,864$1,635$576
42 years$12,731$7,808$4,611$2,643$1,483$507
43 years$12,296$7,439$4,327$2,440$1,346$446
44 years$11,881$7,091$4,061$2,253$1,222$392
45 years$11,486$6,762$3,813$2,081$1,109$345
46 years$11,110$6,451$3,582$1,922$1,007$304
47 years$10,750$6,156$3,365$1,776$914$267
48 years$10,406$5,877$3,162$1,641$830$235
49 years$10,078$5,612$2,972$1,516$754$207
50 years$9,763$5,361$2,794$1,402$685$182

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $10,000,000, adding $3,670 every year, while hoping to spend $56,952 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: 60/23/17 Blend
66$10,000,000$10,000,000$10,000,000$10,000,000
67$11,023,786$10,493,786$10,338,786$11,636,940
68$12,087,615$10,947,385$10,624,538$12,505,021
69$13,258,047$11,421,301$10,917,955$13,444,954
70$14,545,893$11,916,471$11,219,233$14,469,034
71$15,963,069$12,433,873$11,528,572$15,585,413
72$17,522,702$12,974,532$11,846,179$16,803,053
73$19,239,257$13,539,524$12,172,265$18,131,815
74$21,128,671$14,129,970$12,507,046$19,582,546
75$23,208,507$14,747,050$12,850,743$21,167,182
76$25,498,114$15,391,994$13,203,582$22,898,853
77$28,018,814$16,066,095$13,565,795$24,792,011
78$30,794,103$16,770,703$13,937,619$26,862,557
79$33,849,868$17,507,235$14,319,296$29,127,994
80$37,214,637$18,277,171$14,711,074$31,607,585
81$40,919,842$19,082,065$15,113,207$34,322,533
82$45,000,122$19,923,542$15,525,956$37,296,178
83$49,493,643$20,803,305$15,949,584$40,554,215
84$54,442,465$21,723,136$16,384,365$44,124,930
85$59,892,931$22,684,905$16,830,576$48,039,466
86$65,896,110$23,690,566$17,288,501$52,332,112
87$72,508,278$24,742,168$17,758,430$57,040,622
88$79,791,446$25,841,858$18,240,662$62,206,570
89$87,813,949$26,991,884$18,735,498$67,875,733
90$96,651,085$28,194,599$19,243,251$74,098,522
91$106,385,832$29,452,472$19,764,237$80,930,454
92$117,109,629$30,768,084$20,298,780$88,432,667
93$128,923,234$32,144,144$20,847,213$96,672,496
94$141,937,683$33,583,486$21,409,874$105,724,100
95$156,275,331$35,089,081$21,987,108$115,669,159
96$172,071,008$36,664,039$22,579,270$126,597,636
97$189,473,296$38,311,622$23,186,720$138,608,622
98$208,645,925$40,035,244$23,809,828$151,811,267
99$229,769,322$41,838,484$24,448,971$166,325,797
100$253,042,314$43,725,091$25,104,532$182,284,650