Can I retire at age 65 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$883,596$875,725$868,047$860,552$853,233$826,251
2 years$437,424$429,277$421,382$413,727$406,301$379,362
3 years$288,719$280,537$272,662$265,079$257,774$231,723
4 years$214,381$206,225$198,428$190,974$183,847$158,883
5 years$169,790$161,683$153,988$146,687$139,757$115,948
6 years$140,073$132,026$124,445$117,306$110,585$87,951
7 years$118,854$110,875$103,415$96,444$89,935$68,474
8 years$102,948$95,041$87,704$80,905$74,610$54,307
9 years$90,582$82,750$75,539$68,913$62,833$43,664
10 years$80,696$72,940$65,857$59,403$53,536$35,475
11 years$72,612$64,934$57,979$51,699$46,043$29,056
12 years$65,881$58,281$51,455$45,347$39,900$23,950
13 years$60,189$52,669$45,972$40,034$34,794$19,843
14 years$55,315$47,875$41,306$35,538$30,500$16,508
15 years$51,094$43,735$37,294$31,694$26,854$13,780
16 years$47,405$40,126$33,812$28,378$23,734$11,534
17 years$44,153$36,954$30,768$25,498$21,044$9,677
18 years$41,266$34,147$28,087$22,979$18,712$8,134
19 years$38,685$31,648$25,712$20,763$16,678$6,848
20 years$36,366$29,408$23,597$18,805$14,897$5,772
21 years$34,270$27,393$21,705$17,067$13,331$4,871
22 years$32,367$25,570$20,005$15,518$11,950$4,115
23 years$30,633$23,915$18,471$14,132$10,727$3,478
24 years$29,045$22,407$17,082$12,889$9,641$2,942
25 years$27,586$21,028$15,822$11,771$8,676$2,490
26 years$26,242$19,763$14,674$10,763$7,815$2,108
27 years$25,000$18,599$13,626$9,852$7,046$1,786
28 years$23,848$17,526$12,667$9,026$6,357$1,513
29 years$22,778$16,534$11,788$8,277$5,741$1,283
30 years$21,781$15,614$10,980$7,596$5,187$1,087
31 years$20,850$14,761$10,236$6,977$4,690$922
32 years$19,979$13,967$9,551$6,412$4,242$782
33 years$19,162$13,227$8,917$5,896$3,839$663
34 years$18,395$12,536$8,332$5,425$3,476$563
35 years$17,674$11,890$7,790$4,994$3,148$477
36 years$16,994$11,285$7,287$4,599$2,852$405
37 years$16,353$10,718$6,821$4,238$2,585$344
38 years$15,746$10,186$6,387$3,906$2,344$292
39 years$15,172$9,686$5,984$3,602$2,125$248
40 years$14,629$9,216$5,609$3,322$1,928$210
41 years$14,113$8,772$5,259$3,065$1,749$178
42 years$13,623$8,355$4,933$2,828$1,587$151
43 years$13,157$7,960$4,629$2,611$1,440$128
44 years$12,713$7,588$4,345$2,411$1,307$109
45 years$12,290$7,236$4,080$2,226$1,187$93
46 years$11,887$6,903$3,832$2,057$1,078$79
47 years$11,503$6,587$3,600$1,900$979$67
48 years$11,135$6,288$3,383$1,756$889$57
49 years$10,783$6,005$3,180$1,623$807$48
50 years$10,447$5,736$2,990$1,500$733$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $10,700,000, adding $3,843 every year, while hoping to spend $45,401 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: 32/49/19 Blend
64$10,700,000$10,700,000$10,700,000$10,700,000
65$11,795,364$11,228,264$11,062,414$12,102,978
66$12,950,185$11,730,143$11,384,699$12,834,764
67$14,221,276$12,255,092$11,716,258$13,618,033
68$15,620,448$12,804,194$12,057,355$14,460,760
69$17,160,718$13,378,583$12,408,260$15,368,169
70$18,856,424$13,979,447$12,769,250$16,345,985
71$20,723,370$14,608,030$13,140,611$17,400,474
72$22,778,968$15,265,638$13,522,635$18,538,504
73$25,042,404$15,953,635$13,915,624$19,767,605
74$27,534,819$16,673,453$14,319,888$21,096,027
75$30,279,511$17,426,593$14,735,745$22,532,818
76$33,302,150$18,214,625$15,163,521$24,087,905
77$36,631,023$19,039,195$15,603,553$25,772,174
78$40,297,301$19,902,029$16,056,185$27,597,571
79$44,335,331$20,804,934$16,521,773$29,577,209
80$48,782,963$21,749,804$17,000,681$31,725,479
81$53,681,905$22,738,624$17,493,283$34,058,183
82$59,078,116$23,773,473$17,999,965$36,592,673
83$65,022,241$24,856,531$18,521,121$39,348,005
84$71,570,088$25,990,080$19,057,157$42,345,115
85$78,783,157$27,176,513$19,608,492$45,607,001
86$86,729,216$28,418,339$20,175,553$49,158,934
87$95,482,943$29,718,185$20,758,782$53,028,686
88$105,126,632$31,078,805$21,358,630$57,246,782
89$115,750,967$32,503,085$21,975,562$61,846,775
90$127,455,879$33,994,049$22,610,056$66,865,554
91$140,351,488$35,554,868$23,262,603$72,343,677
92$154,559,146$37,188,862$23,933,706$78,325,744
93$170,212,577$38,899,514$24,623,883$84,860,804
94$187,459,142$40,690,472$25,333,665$92,002,801
95$206,461,230$42,565,561$26,063,599$99,811,074
96$227,397,791$44,528,789$26,814,245$108,350,898
97$250,466,023$46,584,357$27,586,180$117,694,086
98$275,883,235$48,736,669$28,379,994$127,919,649
99$303,888,898$50,990,338$29,196,296$139,114,526
100$334,746,903$53,350,202$30,035,710$151,374,385