Can I retire at age 67 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%14.4%
1 years$867,080$859,357$851,821$844,466$837,285$822,061
2 years$429,248$421,253$413,506$405,993$398,707$383,424
3 years$283,323$275,294$267,565$260,124$252,956$238,090
4 years$210,374$202,370$194,719$187,405$180,410$166,075
5 years$166,617$158,661$151,110$143,945$137,145$123,382
6 years$137,455$129,558$122,119$115,114$108,518$95,343
7 years$116,633$108,803$101,482$94,641$88,254$75,670
8 years$101,023$93,264$86,065$79,392$73,216$61,219
9 years$88,889$81,203$74,127$67,625$61,658$50,243
10 years$79,187$71,577$64,626$58,293$52,536$41,691
11 years$71,255$63,720$56,896$50,732$45,183$34,896
12 years$64,649$57,192$50,493$44,499$39,154$29,412
13 years$59,064$51,685$45,113$39,286$34,143$24,930
14 years$54,281$46,980$40,534$34,874$29,930$21,230
15 years$50,139$42,917$36,597$31,101$26,353$18,148
16 years$46,519$39,376$33,180$27,848$23,290$15,563
17 years$43,328$36,264$30,193$25,021$20,651$13,383
18 years$40,494$33,509$27,562$22,549$18,362$11,534
19 years$37,962$31,056$25,232$20,375$16,366$9,960
20 years$35,686$28,859$23,156$18,453$14,619$8,615
21 years$33,630$26,881$21,299$16,748$13,082$7,462
22 years$31,762$25,092$19,631$15,227$11,726$6,472
23 years$30,060$23,468$18,125$13,868$10,526$5,618
24 years$28,502$21,988$16,763$12,648$9,461$4,882
25 years$27,071$20,635$15,526$11,551$8,514$4,245
26 years$25,752$19,393$14,399$10,562$7,669$3,694
27 years$24,532$18,251$13,371$9,668$6,914$3,217
28 years$23,402$17,198$12,430$8,858$6,239$2,802
29 years$22,352$16,225$11,567$8,123$5,633$2,442
30 years$21,373$15,322$10,775$7,454$5,090$2,129
31 years$20,460$14,485$10,045$6,846$4,602$1,857
32 years$19,605$13,706$9,372$6,292$4,163$1,620
33 years$18,804$12,979$8,751$5,786$3,767$1,414
34 years$18,051$12,301$8,176$5,324$3,411$1,234
35 years$17,344$11,668$7,644$4,901$3,089$1,077
36 years$16,676$11,074$7,151$4,513$2,799$941
37 years$16,047$10,518$6,693$4,158$2,537$821
38 years$15,452$9,996$6,268$3,833$2,300$717
39 years$14,889$9,505$5,872$3,534$2,086$627
40 years$14,355$9,043$5,504$3,260$1,892$547
41 years$13,849$8,608$5,161$3,008$1,716$478
42 years$13,368$8,198$4,841$2,776$1,557$418
43 years$12,911$7,811$4,543$2,562$1,413$365
44 years$12,475$7,446$4,264$2,366$1,283$319
45 years$12,061$7,100$4,004$2,185$1,165$279
46 years$11,665$6,773$3,761$2,018$1,057$244
47 years$11,288$6,464$3,533$1,865$960$213
48 years$10,927$6,171$3,320$1,723$872$186
49 years$10,582$5,893$3,121$1,592$792$163
50 years$10,252$5,629$2,934$1,472$719$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $10,500,000, adding $2,692 every year, while hoping to spend $50,806 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: 45/38/17 Blend
66$10,500,000$10,500,000$10,500,000$10,500,000
67$11,573,777$11,017,277$10,854,527$12,038,034
68$12,700,245$11,503,066$11,164,096$12,848,675
69$13,939,910$12,010,956$11,482,333$13,721,913
70$15,304,264$12,541,977$11,809,475$14,667,772
71$16,805,971$13,097,206$12,145,764$15,693,005
72$18,458,983$13,677,772$12,491,451$16,805,025
73$20,278,674$14,284,858$12,846,789$18,011,974
74$22,281,986$14,919,702$13,212,044$19,322,791
75$24,487,584$15,583,604$13,587,483$20,747,298
76$26,916,038$16,277,920$13,973,384$22,296,286
77$29,590,012$17,004,076$14,370,030$23,981,612
78$32,534,480$17,763,563$14,777,712$25,816,306
79$35,776,961$18,557,942$15,196,731$27,814,690
80$39,347,781$19,388,851$15,627,391$29,992,510
81$43,280,354$20,258,003$16,070,007$32,367,073
82$47,611,501$21,167,196$16,524,903$34,957,413
83$52,381,796$22,118,311$16,992,410$37,784,459
84$57,635,949$23,113,319$17,472,866$40,871,228
85$63,423,230$24,154,285$17,966,621$44,243,037
86$69,797,928$25,243,374$18,474,031$47,927,735
87$76,819,870$26,382,852$18,995,464$51,955,956
88$84,554,980$27,575,095$19,531,295$56,361,408
89$93,075,905$28,822,592$20,081,911$61,181,174
90$102,462,698$30,127,950$20,647,706$66,456,064
91$112,803,575$31,493,902$21,229,086$72,230,982
92$124,195,747$32,923,310$21,826,468$78,555,352
93$136,746,336$34,419,175$22,440,277$85,483,566
94$150,573,388$35,984,640$23,070,952$93,075,492
95$165,806,985$37,622,998$23,718,940$101,397,032
96$182,590,475$39,337,703$24,384,702$110,520,727
97$201,081,823$41,132,370$25,068,709$120,526,438
98$221,455,102$43,010,790$25,771,444$131,502,084
99$243,902,139$44,976,935$26,493,404$143,544,462
100$268,634,320$47,034,967$27,235,096$156,760,148