Can I retire at age 65 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$891,854$883,910$876,159$868,594$861,207$829,332
2 years$441,512$433,289$425,320$417,593$410,099$378,345
3 years$291,417$283,159$275,210$267,556$260,183$229,550
4 years$216,385$208,152$200,283$192,759$185,565$156,285
5 years$171,377$163,194$155,427$148,057$141,064$113,213
6 years$141,382$133,260$125,608$118,403$111,619$85,218
7 years$119,965$111,911$104,381$97,345$90,776$65,818
8 years$103,910$95,929$88,524$81,661$75,307$51,770
9 years$91,429$83,523$76,245$69,557$63,420$41,270
10 years$81,450$73,622$66,472$59,959$54,037$33,235
11 years$73,291$65,541$58,521$52,182$46,473$26,975
12 years$66,496$58,826$51,936$45,771$40,273$22,029
13 years$60,752$53,162$46,401$40,409$35,119$18,078
14 years$55,832$48,322$41,692$35,870$30,785$14,893
15 years$51,572$44,143$37,642$31,990$27,105$12,309
16 years$47,848$40,501$34,128$28,644$23,956$10,199
17 years$44,566$37,300$31,055$25,736$21,241$8,469
18 years$41,651$34,467$28,349$23,193$18,886$7,045
19 years$39,047$31,943$25,953$20,957$16,834$5,868
20 years$36,706$29,683$23,818$18,981$15,036$4,894
21 years$34,590$27,649$21,908$17,226$13,456$4,085
22 years$32,670$25,809$20,192$15,663$12,061$3,413
23 years$30,919$24,139$18,643$14,264$10,827$2,854
24 years$29,316$22,616$17,242$13,010$9,731$2,387
25 years$27,844$21,224$15,970$11,881$8,757$1,998
26 years$26,487$19,948$14,811$10,864$7,888$1,673
27 years$25,233$18,773$13,753$9,944$7,112$1,401
28 years$24,071$17,690$12,785$9,111$6,417$1,174
29 years$22,991$16,688$11,898$8,355$5,794$983
30 years$21,984$15,760$11,082$7,667$5,235$824
31 years$21,044$14,899$10,332$7,042$4,733$691
32 years$20,165$14,097$9,640$6,472$4,282$579
33 years$19,341$13,350$9,001$5,951$3,875$486
34 years$18,567$12,653$8,410$5,476$3,508$407
35 years$17,839$12,001$7,863$5,041$3,178$341
36 years$17,153$11,391$7,355$4,642$2,879$286
37 years$16,505$10,819$6,884$4,277$2,609$240
38 years$15,893$10,282$6,447$3,942$2,366$201
39 years$15,314$9,777$6,040$3,635$2,145$169
40 years$14,765$9,302$5,661$3,353$1,946$142
41 years$14,245$8,854$5,309$3,093$1,765$119
42 years$13,750$8,433$4,980$2,855$1,602$100
43 years$13,280$8,035$4,673$2,635$1,454$84
44 years$12,832$7,659$4,386$2,433$1,320$70
45 years$12,405$7,303$4,118$2,247$1,198$59
46 years$11,998$6,967$3,868$2,076$1,088$49
47 years$11,610$6,649$3,634$1,918$988$41
48 years$11,239$6,347$3,415$1,772$897$35
49 years$10,884$6,061$3,210$1,638$815$29
50 years$10,545$5,790$3,018$1,514$740$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $10,800,000, adding $6,978 every year, while hoping to spend $54,310 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: 66/27/7 Blend
64$10,800,000$10,800,000$10,800,000$10,800,000
65$11,908,798$11,336,398$11,168,998$12,679,739
66$13,065,710$11,834,096$11,485,374$13,690,422
67$14,338,807$12,354,361$11,810,528$14,787,400
68$15,739,882$12,898,241$12,144,698$15,984,804
69$17,281,929$13,466,835$12,488,125$17,292,415
70$18,979,269$14,061,292$12,841,060$18,720,991
71$20,847,676$14,682,817$13,203,757$20,282,365
72$22,904,535$15,332,672$13,576,479$21,989,559
73$25,169,001$16,012,176$13,959,494$23,856,897
74$27,662,181$16,722,715$14,353,079$25,900,144
75$30,407,332$17,465,737$14,757,517$28,136,647
76$33,430,083$18,242,761$15,173,096$30,585,495
77$36,758,672$19,055,377$15,600,116$33,267,700
78$40,424,217$19,905,251$16,038,880$36,206,389
79$44,461,007$20,794,127$16,489,702$39,427,017
80$48,906,825$21,723,835$16,952,902$42,957,606
81$53,803,307$22,696,288$17,428,810$46,829,006
82$59,196,331$23,713,493$17,917,762$51,075,176
83$65,136,454$24,777,552$18,420,104$55,733,510
84$71,679,385$25,890,665$18,936,191$60,845,174
85$78,886,515$27,055,140$19,466,385$66,455,498
86$86,825,490$28,273,392$20,011,060$72,614,396
87$95,570,856$29,547,955$20,570,597$79,376,830
88$105,204,759$30,881,480$21,145,387$86,803,326
89$115,817,718$32,276,746$21,735,831$94,960,539
90$127,509,484$33,736,665$22,342,340$103,921,874
91$140,389,979$35,264,289$22,965,336$113,768,172
92$154,580,331$36,862,815$23,605,250$124,588,472
93$170,214,023$38,535,591$24,262,524$136,480,838
94$187,438,146$40,286,127$24,937,611$149,553,279
95$206,414,792$42,118,103$25,630,976$163,924,765
96$227,322,582$44,035,370$26,343,094$179,726,335
97$250,358,350$46,041,968$27,074,453$197,102,332
98$275,739,006$48,142,129$27,825,552$216,211,752
99$303,703,579$50,340,287$28,596,902$237,229,739
100$334,515,472$52,641,090$29,389,026$260,349,228