Can I retire at age 65 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$875,338$867,541$859,934$852,509$845,259$831,941
2 years$433,336$425,265$417,444$409,860$402,504$389,121
3 years$286,021$277,916$270,114$262,601$255,365$242,333
4 years$212,378$204,297$196,574$189,189$182,129$169,548
5 years$168,204$160,172$152,549$145,316$138,451$126,359
6 years$138,764$130,792$123,282$116,210$109,552$97,962
7 years$117,743$109,839$102,448$95,543$89,095$78,010
8 years$101,985$94,152$86,884$80,148$73,913$63,332
9 years$89,736$81,977$74,833$68,269$62,245$52,163
10 years$79,942$72,258$65,241$58,848$53,036$43,443
11 years$71,933$64,327$57,438$51,216$45,613$36,500
12 years$65,265$57,737$50,974$44,923$39,527$30,884
13 years$59,627$52,177$45,542$39,660$34,468$26,281
14 years$54,798$47,428$40,920$35,206$30,215$22,470
15 years$50,617$43,326$36,945$31,398$26,603$19,288
16 years$46,962$39,751$33,496$28,113$23,512$16,610
17 years$43,741$36,609$30,480$25,259$20,848$14,344
18 years$40,880$33,828$27,824$22,764$18,537$12,417
19 years$38,324$31,352$25,472$20,569$16,522$10,770
20 years$36,026$29,134$23,377$18,629$14,758$9,357
21 years$33,950$27,137$21,502$16,907$13,207$8,142
22 years$32,065$25,331$19,818$15,373$11,838$7,094
23 years$30,346$23,692$18,298$14,000$10,626$6,187
24 years$28,773$22,198$16,923$12,769$9,551$5,402
25 years$27,328$20,831$15,674$11,661$8,595$4,720
26 years$25,997$19,578$14,537$10,662$7,742$4,127
27 years$24,766$18,425$13,499$9,760$6,980$3,611
28 years$23,625$17,362$12,549$8,942$6,298$3,161
29 years$22,565$16,379$11,678$8,200$5,687$2,768
30 years$21,577$15,468$10,877$7,525$5,139$2,425
31 years$20,655$14,623$10,141$6,912$4,646$2,126
32 years$19,792$13,836$9,461$6,352$4,202$1,864
33 years$18,983$13,103$8,834$5,841$3,803$1,635
34 years$18,223$12,419$8,254$5,374$3,443$1,434
35 years$17,509$11,779$7,717$4,947$3,119$1,258
36 years$16,835$11,180$7,219$4,556$2,826$1,104
37 years$16,200$10,618$6,757$4,198$2,561$969
38 years$15,599$10,091$6,328$3,869$2,322$851
39 years$15,031$9,596$5,928$3,568$2,106$747
40 years$14,492$9,130$5,556$3,291$1,910$656
41 years$13,981$8,690$5,210$3,036$1,733$576
42 years$13,495$8,277$4,887$2,802$1,572$506
43 years$13,034$7,886$4,586$2,587$1,427$444
44 years$12,594$7,517$4,305$2,388$1,295$390
45 years$12,176$7,168$4,042$2,206$1,176$343
46 years$11,776$6,838$3,796$2,037$1,068$301
47 years$11,395$6,526$3,567$1,882$969$264
48 years$11,031$6,230$3,352$1,739$880$232
49 years$10,683$5,949$3,150$1,607$800$204
50 years$10,349$5,683$2,962$1,486$726$179

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $10,600,000, adding $2,423 every year, while hoping to spend $49,030 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: 31/44/25 Blend
64$10,600,000$10,600,000$10,600,000$10,600,000
65$11,683,699$11,121,899$10,957,599$11,955,825
66$12,823,269$11,614,705$11,272,511$12,657,315
67$14,077,432$12,130,015$11,596,330$13,407,376
68$15,457,824$12,668,879$11,929,301$14,213,800
69$16,977,268$13,232,400$12,271,678$15,081,540
70$18,649,891$13,821,730$12,623,722$16,016,023
71$20,491,262$14,438,077$12,985,698$17,023,193
72$22,518,534$15,082,705$13,357,882$18,109,566
73$24,750,608$15,756,942$13,740,555$19,282,282
74$27,208,311$16,462,174$14,134,005$20,549,173
75$29,914,595$17,199,856$14,538,530$21,918,827
76$32,894,747$17,971,512$14,954,434$23,400,666
77$36,176,634$18,778,739$15,382,030$25,005,025
78$39,790,962$19,623,209$15,821,640$26,743,252
79$43,771,567$20,506,673$16,273,592$28,627,798
80$48,155,735$21,430,968$16,738,225$30,672,336
81$52,984,551$22,398,016$17,215,886$32,891,879
82$58,303,290$23,409,833$17,706,933$35,302,916
83$64,161,840$24,468,530$18,211,731$37,923,559
84$70,615,179$25,576,319$18,730,655$40,773,708
85$77,723,887$26,735,518$19,264,091$43,875,228
86$85,554,720$27,948,556$19,812,435$47,252,148
87$94,181,243$29,217,977$20,376,093$50,930,878
88$103,684,520$30,546,447$20,955,482$54,940,449
89$114,153,879$31,936,761$21,551,029$59,312,780
90$125,687,760$33,391,848$22,163,173$64,082,963
91$138,394,637$34,914,774$22,792,365$69,289,589
92$152,394,048$36,508,755$23,439,067$74,975,097
93$167,817,718$38,177,162$24,103,753$81,186,165
94$184,810,805$39,923,523$24,786,909$87,974,139
95$203,533,272$41,751,540$25,489,035$95,395,500
96$224,161,391$43,665,091$26,210,643$103,512,391
97$246,889,411$45,668,239$26,952,258$112,393,181
98$271,931,392$47,765,243$27,714,419$122,113,104
99$299,523,221$49,960,567$28,497,680$132,754,946
100$329,924,844$52,258,889$29,302,606$144,409,817