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%14.3%
1 years$825,791$818,435$811,258$804,254$797,414$783,237
2 years$408,807$401,194$393,815$386,660$379,721$365,486
3 years$269,831$262,184$254,824$247,737$240,911$227,062
4 years$200,356$192,733$185,447$178,481$171,819$158,463
5 years$158,683$151,105$143,914$137,090$130,614$117,788
6 years$130,909$123,389$116,304$109,632$103,351$91,070
7 years$111,079$103,622$96,649$90,135$84,052$72,319
8 years$96,213$88,823$81,966$75,612$69,729$58,542
9 years$84,656$77,336$70,598$64,404$58,722$48,074
10 years$75,417$68,168$61,549$55,517$50,034$39,916
11 years$67,862$60,686$54,186$48,317$43,031$33,432
12 years$61,571$54,469$48,089$42,380$37,290$28,196
13 years$56,251$49,224$42,964$37,415$32,517$23,915
14 years$51,696$44,743$38,604$33,213$28,505$20,379
15 years$47,752$40,874$34,854$29,620$25,098$17,432
16 years$44,304$37,501$31,600$26,522$22,181$14,960
17 years$41,265$34,537$28,755$23,830$19,668$12,873
18 years$38,566$31,914$26,250$21,475$17,487$11,103
19 years$36,155$29,577$24,030$19,405$15,587$9,595
20 years$33,987$27,484$22,054$17,575$13,923$8,306
21 years$32,028$25,601$20,285$15,950$12,459$7,200
22 years$30,250$23,897$18,696$14,502$11,168$6,249
23 years$28,629$22,351$17,262$13,208$10,025$5,429
24 years$27,145$20,941$15,965$12,046$9,011$4,721
25 years$25,782$19,652$14,787$11,001$8,108$4,109
26 years$24,525$18,470$13,714$10,059$7,304$3,578
27 years$23,364$17,382$12,734$9,207$6,585$3,118
28 years$22,288$16,379$11,838$8,436$5,942$2,719
29 years$21,288$15,452$11,017$7,736$5,365$2,371
30 years$20,356$14,593$10,262$7,099$4,848$2,069
31 years$19,486$13,795$9,567$6,520$4,383$1,806
32 years$18,672$13,053$8,926$5,992$3,965$1,577
33 years$17,909$12,361$8,334$5,510$3,588$1,377
34 years$17,192$11,716$7,787$5,070$3,248$1,203
35 years$16,518$11,112$7,280$4,667$2,942$1,051
36 years$15,882$10,547$6,810$4,298$2,666$919
37 years$15,283$10,017$6,374$3,960$2,416$803
38 years$14,716$9,520$5,969$3,650$2,190$702
39 years$14,180$9,053$5,593$3,366$1,986$613
40 years$13,672$8,613$5,242$3,105$1,802$536
41 years$13,189$8,199$4,915$2,864$1,635$469
42 years$12,731$7,808$4,611$2,643$1,483$410
43 years$12,296$7,439$4,327$2,440$1,346$359
44 years$11,881$7,091$4,061$2,253$1,222$314
45 years$11,486$6,762$3,813$2,081$1,109$274
46 years$11,110$6,451$3,582$1,922$1,007$240
47 years$10,750$6,156$3,365$1,776$914$210
48 years$10,406$5,877$3,162$1,641$830$184
49 years$10,078$5,612$2,972$1,516$754$161
50 years$9,763$5,361$2,794$1,402$685$140

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 $6,703 every year, while hoping to spend $55,269 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: 83/9/8 Blend
66$10,000,000$10,000,000$10,000,000$10,000,000
67$11,026,914$10,496,914$10,341,914$11,931,326
68$12,092,854$10,952,457$10,629,562$12,979,119
69$13,265,666$11,428,469$10,924,995$14,121,380
70$14,556,196$11,925,895$11,228,413$15,374,000
71$15,976,388$12,445,725$11,540,025$16,748,014
72$17,539,406$12,988,992$11,860,043$18,255,581
73$19,259,756$13,556,783$12,188,685$19,910,085
74$21,153,418$14,150,232$12,526,173$21,726,272
75$23,238,003$14,770,530$12,872,735$23,720,379
76$25,532,913$15,418,920$13,228,606$25,910,290
77$28,059,531$16,096,707$13,594,025$28,315,707
78$30,841,414$16,805,257$13,969,236$30,958,326
79$33,904,524$17,546,000$14,354,491$33,862,048
80$37,277,465$18,320,434$14,750,046$37,053,200
81$40,991,759$19,130,128$15,156,165$40,560,784
82$45,082,139$19,976,724$15,573,117$44,416,746
83$49,586,877$20,861,945$16,001,177$48,656,278
84$54,548,150$21,787,591$16,440,627$53,318,150
85$60,012,430$22,755,551$16,891,757$58,445,072
86$66,030,927$23,767,803$17,354,861$64,084,095
87$72,660,075$24,826,418$17,830,241$70,287,057
88$79,962,056$25,933,566$18,318,208$77,111,064
89$88,005,395$27,091,520$18,819,077$84,619,035
90$96,865,601$28,302,661$19,333,172$92,880,286
91$106,625,884$29,569,483$19,860,825$101,971,190
92$117,377,935$30,894,598$20,402,374$111,975,887
93$129,222,797$32,280,746$20,958,165$122,987,085
94$142,271,811$33,730,792$21,528,553$135,106,924
95$156,647,677$35,247,741$22,113,900$148,447,946
96$172,485,601$36,834,742$22,714,577$163,134,147
97$189,934,579$38,495,091$23,330,962$179,302,150
98$209,158,800$40,232,243$23,963,443$197,102,492
99$230,339,194$42,049,820$24,612,415$216,701,036
100$253,675,143$43,951,613$25,278,282$238,280,542