Can I retire at age 59 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%14.1%
1 years$867,080$859,357$851,821$844,466$837,285$823,075
2 years$429,248$421,253$413,506$405,993$398,707$384,435
3 years$283,323$275,294$267,565$260,124$252,956$239,066
4 years$210,374$202,370$194,719$187,405$180,410$167,009
5 years$166,617$158,661$151,110$143,945$137,145$124,271
6 years$137,455$129,558$122,119$115,114$108,518$96,186
7 years$116,633$108,803$101,482$94,641$88,254$76,468
8 years$101,023$93,264$86,065$79,392$73,216$61,972
9 years$88,889$81,203$74,127$67,625$61,658$50,952
10 years$79,187$71,577$64,626$58,293$52,536$42,357
11 years$71,255$63,720$56,896$50,732$45,183$35,521
12 years$64,649$57,192$50,493$44,499$39,154$29,997
13 years$59,064$51,685$45,113$39,286$34,143$25,476
14 years$54,281$46,980$40,534$34,874$29,930$21,738
15 years$50,139$42,917$36,597$31,101$26,353$18,621
16 years$46,519$39,376$33,180$27,848$23,290$16,003
17 years$43,328$36,264$30,193$25,021$20,651$13,790
18 years$40,494$33,509$27,562$22,549$18,362$11,911
19 years$37,962$31,056$25,232$20,375$16,366$10,308
20 years$35,686$28,859$23,156$18,453$14,619$8,936
21 years$33,630$26,881$21,299$16,748$13,082$7,758
22 years$31,762$25,092$19,631$15,227$11,726$6,744
23 years$30,060$23,468$18,125$13,868$10,526$5,868
24 years$28,502$21,988$16,763$12,648$9,461$5,111
25 years$27,071$20,635$15,526$11,551$8,514$4,455
26 years$25,752$19,393$14,399$10,562$7,669$3,886
27 years$24,532$18,251$13,371$9,668$6,914$3,392
28 years$23,402$17,198$12,430$8,858$6,239$2,962
29 years$22,352$16,225$11,567$8,123$5,633$2,588
30 years$21,373$15,322$10,775$7,454$5,090$2,262
31 years$20,460$14,485$10,045$6,846$4,602$1,978
32 years$19,605$13,706$9,372$6,292$4,163$1,730
33 years$18,804$12,979$8,751$5,786$3,767$1,513
34 years$18,051$12,301$8,176$5,324$3,411$1,324
35 years$17,344$11,668$7,644$4,901$3,089$1,159
36 years$16,676$11,074$7,151$4,513$2,799$1,014
37 years$16,047$10,518$6,693$4,158$2,537$888
38 years$15,452$9,996$6,268$3,833$2,300$778
39 years$14,889$9,505$5,872$3,534$2,086$681
40 years$14,355$9,043$5,504$3,260$1,892$596
41 years$13,849$8,608$5,161$3,008$1,716$522
42 years$13,368$8,198$4,841$2,776$1,557$457
43 years$12,911$7,811$4,543$2,562$1,413$401
44 years$12,475$7,446$4,264$2,366$1,283$351
45 years$12,061$7,100$4,004$2,185$1,165$308
46 years$11,665$6,773$3,761$2,018$1,057$269
47 years$11,288$6,464$3,533$1,865$960$236
48 years$10,927$6,171$3,320$1,723$872$207
49 years$10,582$5,893$3,121$1,592$792$181
50 years$10,252$5,629$2,934$1,472$719$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $10,500,000, adding $5,071 every year, while hoping to spend $30,107 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: 45/35/20 Blend
58$10,500,000$10,500,000$10,500,000$10,500,000
59$11,576,231$11,019,731$10,856,981$12,030,320
60$12,724,973$11,527,664$11,188,656$12,857,625
61$13,989,877$12,059,477$11,530,433$13,750,862
62$15,382,761$12,616,308$11,882,619$14,718,903
63$16,916,646$13,199,350$12,245,530$15,768,709
64$18,605,879$13,809,853$12,619,491$16,907,921
65$20,466,272$14,449,129$13,004,837$18,144,931
66$22,515,246$15,118,551$13,401,913$19,488,953
67$24,772,000$15,819,559$13,811,077$20,950,112
68$27,257,690$16,553,663$14,232,693$22,539,527
69$29,995,627$17,322,445$14,667,141$24,269,419
70$33,011,499$18,127,563$15,114,809$26,153,215
71$36,333,615$18,970,757$15,576,097$28,205,675
72$39,993,166$19,853,847$16,051,420$30,443,021
73$44,024,529$20,778,744$16,541,201$32,883,090
74$48,465,579$21,747,452$17,045,880$35,545,490
75$53,358,060$22,762,068$17,565,909$38,451,786
76$58,747,966$23,824,794$18,101,751$41,625,692
77$64,685,986$24,937,936$18,653,887$45,093,288
78$71,227,974$26,103,912$19,222,810$48,883,263
79$78,435,482$27,325,258$19,809,028$53,027,178
80$86,376,336$28,604,631$20,413,065$57,559,751
81$95,125,281$29,944,817$21,035,462$62,519,182
82$104,764,683$31,348,736$21,676,773$67,947,504
83$115,385,308$32,819,451$22,337,572$73,890,972
84$127,087,177$34,360,172$23,018,449$80,400,485
85$139,980,513$35,974,264$23,720,010$87,532,065
86$154,186,777$37,665,256$24,442,883$95,347,370
87$169,839,821$39,436,846$25,187,712$103,914,268
88$187,087,144$41,292,913$25,955,162$113,307,464
89$206,091,290$43,237,522$26,745,917$123,609,200
90$227,031,378$45,274,937$27,560,681$134,910,011
91$250,104,796$47,409,627$28,400,182$147,309,574
92$275,529,064$49,646,277$29,265,166$160,917,631
93$303,543,885$51,989,801$30,156,406$175,855,015
94$334,413,409$54,445,349$31,074,694$192,254,772
95$368,428,729$57,018,323$32,020,848$210,263,409
96$405,910,623$59,714,385$32,995,710$230,042,252
97$447,212,589$62,539,472$34,000,149$251,768,960
98$492,724,176$65,499,810$35,035,057$275,639,181
99$542,874,667$68,601,925$36,101,356$301,868,383
100$598,137,124$71,852,661$37,199,993$330,693,868