Can I retire at age 65 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%14.9%
1 years$867,080$859,357$851,821$844,466$837,285$820,379
2 years$429,248$421,253$413,506$405,993$398,707$381,749
3 years$283,323$275,294$267,565$260,124$252,956$236,475
4 years$210,374$202,370$194,719$187,405$180,410$164,533
5 years$166,617$158,661$151,110$143,945$137,145$121,916
6 years$137,455$129,558$122,119$115,114$108,518$93,954
7 years$116,633$108,803$101,482$94,641$88,254$74,359
8 years$101,023$93,264$86,065$79,392$73,216$59,984
9 years$88,889$81,203$74,127$67,625$61,658$49,082
10 years$79,187$71,577$64,626$58,293$52,536$40,603
11 years$71,255$63,720$56,896$50,732$45,183$33,879
12 years$64,649$57,192$50,493$44,499$39,154$28,462
13 years$59,064$51,685$45,113$39,286$34,143$24,045
14 years$54,281$46,980$40,534$34,874$29,930$20,407
15 years$50,139$42,917$36,597$31,101$26,353$17,384
16 years$46,519$39,376$33,180$27,848$23,290$14,856
17 years$43,328$36,264$30,193$25,021$20,651$12,729
18 years$40,494$33,509$27,562$22,549$18,362$10,930
19 years$37,962$31,056$25,232$20,375$16,366$9,404
20 years$35,686$28,859$23,156$18,453$14,619$8,104
21 years$33,630$26,881$21,299$16,748$13,082$6,993
22 years$31,762$25,092$19,631$15,227$11,726$6,041
23 years$30,060$23,468$18,125$13,868$10,526$5,224
24 years$28,502$21,988$16,763$12,648$9,461$4,522
25 years$27,071$20,635$15,526$11,551$8,514$3,916
26 years$25,752$19,393$14,399$10,562$7,669$3,395
27 years$24,532$18,251$13,371$9,668$6,914$2,944
28 years$23,402$17,198$12,430$8,858$6,239$2,554
29 years$22,352$16,225$11,567$8,123$5,633$2,217
30 years$21,373$15,322$10,775$7,454$5,090$1,925
31 years$20,460$14,485$10,045$6,846$4,602$1,672
32 years$19,605$13,706$9,372$6,292$4,163$1,452
33 years$18,804$12,979$8,751$5,786$3,767$1,262
34 years$18,051$12,301$8,176$5,324$3,411$1,097
35 years$17,344$11,668$7,644$4,901$3,089$954
36 years$16,676$11,074$7,151$4,513$2,799$829
37 years$16,047$10,518$6,693$4,158$2,537$721
38 years$15,452$9,996$6,268$3,833$2,300$627
39 years$14,889$9,505$5,872$3,534$2,086$545
40 years$14,355$9,043$5,504$3,260$1,892$474
41 years$13,849$8,608$5,161$3,008$1,716$413
42 years$13,368$8,198$4,841$2,776$1,557$359
43 years$12,911$7,811$4,543$2,562$1,413$312
44 years$12,475$7,446$4,264$2,366$1,283$272
45 years$12,061$7,100$4,004$2,185$1,165$236
46 years$11,665$6,773$3,761$2,018$1,057$206
47 years$11,288$6,464$3,533$1,865$960$179
48 years$10,927$6,171$3,320$1,723$872$156
49 years$10,582$5,893$3,121$1,592$792$136
50 years$10,252$5,629$2,934$1,472$719$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $10,500,000, adding $3,562 every year, while hoping to spend $49,133 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: 61/32/7 Blend
64$10,500,000$10,500,000$10,500,000$10,500,000
65$11,574,674$11,018,174$10,855,424$12,264,349
66$12,703,014$11,505,788$11,166,804$13,213,540
67$13,944,797$12,015,647$11,486,968$14,242,736
68$15,311,544$12,548,792$11,816,159$15,364,408
69$16,815,947$13,106,308$12,154,626$16,587,472
70$18,471,992$13,689,335$12,502,624$17,921,730
71$20,295,089$14,299,066$12,860,415$19,377,961
72$22,302,219$14,936,752$13,228,270$20,968,019
73$24,512,093$15,603,700$13,606,465$22,704,941
74$26,945,328$16,301,283$13,995,283$24,603,068
75$29,624,642$17,030,936$14,395,016$26,678,175
76$32,575,070$17,794,166$14,805,963$28,947,617
77$35,824,195$18,592,549$15,228,431$31,430,489
78$39,402,415$19,427,736$15,662,736$34,147,801
79$43,343,225$20,301,458$16,109,200$37,122,674
80$47,683,532$21,215,528$16,568,157$40,380,552
81$52,464,009$22,171,846$17,039,947$43,949,436
82$57,729,473$23,172,400$17,524,920$47,860,148
83$63,529,308$24,219,278$18,023,434$52,146,611
84$69,917,937$25,314,662$18,535,859$56,846,170
85$76,955,329$26,460,842$19,062,572$61,999,931
86$84,707,566$27,660,217$19,603,961$67,653,150
87$93,247,469$28,915,298$20,160,425$73,855,653
88$102,655,283$30,228,721$20,732,372$80,662,294
89$113,019,437$31,603,243$21,320,221$88,133,475
90$124,437,374$33,041,756$21,924,403$96,335,700
91$137,016,474$34,547,290$22,545,358$105,342,201
92$150,875,066$36,123,019$23,183,540$115,233,621
93$166,143,547$37,772,271$23,839,413$126,098,765
94$182,965,608$39,498,532$24,513,452$138,035,431
95$201,499,595$41,305,455$25,206,148$151,151,324
96$221,920,001$43,196,870$25,918,001$165,565,063
97$244,419,113$45,176,788$26,649,526$181,407,292
98$269,208,827$47,249,416$27,401,250$198,821,903
99$296,522,650$49,419,159$28,173,714$217,967,380
100$326,617,900$51,690,638$28,967,474$239,018,292