Can I retire at age 65 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$900,112$892,094$884,272$876,637$869,181$847,481
2 years$445,600$437,301$429,258$421,460$413,896$392,171
3 years$294,116$285,781$277,758$270,033$262,593$241,522
4 years$218,389$210,079$202,137$194,544$187,283$167,029
5 years$172,964$164,705$156,867$149,428$142,370$122,988
6 years$142,691$134,494$126,772$119,499$112,652$94,163
7 years$121,076$112,948$105,348$98,247$91,616$74,021
8 years$104,872$96,817$89,343$82,417$76,005$59,296
9 years$92,275$84,297$76,951$70,201$64,007$48,170
10 years$82,204$74,303$67,088$60,514$54,537$39,554
11 years$73,969$66,148$59,063$52,665$46,904$32,752
12 years$67,112$59,371$52,417$46,194$40,646$27,301
13 years$61,314$53,654$46,831$40,783$35,444$22,880
14 years$56,349$48,770$42,078$36,202$31,070$19,260
15 years$52,049$44,552$37,991$32,286$27,356$16,270
16 years$48,291$40,876$34,444$28,909$24,178$13,786
17 years$44,978$37,645$31,343$25,974$21,438$11,710
18 years$42,037$34,786$28,612$23,408$19,061$9,968
19 years$39,408$32,239$26,193$21,151$16,990$8,499
20 years$37,046$29,958$24,039$19,156$15,176$7,258
21 years$34,911$27,905$22,111$17,386$13,580$6,206
22 years$32,972$26,048$20,379$15,808$12,173$5,312
23 years$31,205$24,362$18,816$14,396$10,927$4,551
24 years$29,588$22,826$17,402$13,130$9,822$3,901
25 years$28,102$21,421$16,117$11,991$8,838$3,347
26 years$26,733$20,132$14,948$10,964$7,961$2,873
27 years$25,467$18,947$13,881$10,036$7,177$2,468
28 years$24,294$17,853$12,904$9,195$6,476$2,120
29 years$23,203$16,843$12,008$8,432$5,848$1,822
30 years$22,188$15,906$11,185$7,738$5,284$1,567
31 years$21,239$15,037$10,428$7,107$4,777$1,347
32 years$20,352$14,228$9,729$6,532$4,321$1,159
33 years$19,520$13,474$9,084$6,006$3,911$997
34 years$18,739$12,770$8,488$5,526$3,541$858
35 years$18,004$12,112$7,935$5,087$3,207$738
36 years$17,312$11,496$7,423$4,685$2,906$635
37 years$16,658$10,919$6,948$4,317$2,634$547
38 years$16,041$10,377$6,507$3,979$2,388$471
39 years$15,456$9,867$6,096$3,669$2,165$405
40 years$14,902$9,388$5,714$3,384$1,964$349
41 years$14,376$8,936$5,358$3,122$1,782$300
42 years$13,877$8,511$5,026$2,881$1,617$259
43 years$13,403$8,109$4,716$2,660$1,467$223
44 years$12,951$7,730$4,427$2,456$1,332$192
45 years$12,520$7,371$4,157$2,268$1,209$165
46 years$12,110$7,032$3,904$2,095$1,098$142
47 years$11,718$6,710$3,668$1,936$997$123
48 years$11,343$6,406$3,447$1,789$905$106
49 years$10,985$6,117$3,240$1,653$822$91
50 years$10,642$5,843$3,046$1,528$747$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $10,900,000, adding $5,846 every year, while hoping to spend $54,483 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: 41/33/26 Blend
64$10,900,000$10,900,000$10,900,000$10,900,000
65$12,017,830$11,440,130$11,271,180$12,418,402
66$13,185,679$11,942,727$11,590,795$13,210,197
67$14,470,823$12,468,125$11,919,291$14,061,119
68$15,885,168$13,017,384$12,256,908$14,981,132
69$17,441,833$13,591,614$12,603,893$15,976,614
70$19,155,274$14,191,977$12,960,497$17,054,565
71$21,041,419$14,819,691$13,326,981$18,222,674
72$23,117,818$15,476,030$13,703,609$19,489,384
73$25,403,810$16,162,330$14,090,655$20,863,967
74$27,920,705$16,879,990$14,488,398$22,356,612
75$30,691,982$17,630,476$14,897,125$23,978,511
76$33,743,516$18,415,321$15,317,130$25,741,966
77$37,103,817$19,236,133$15,748,716$27,660,495
78$40,804,300$20,094,597$16,192,191$29,748,959
79$44,879,582$20,992,477$16,647,874$32,023,695
80$49,367,811$21,931,619$17,116,089$34,502,666
81$54,311,020$22,913,961$17,597,170$37,205,623
82$59,755,528$23,941,529$18,091,460$40,154,289
83$65,752,378$25,016,450$18,599,309$43,372,555
84$72,357,812$26,140,947$19,121,077$46,886,700
85$79,633,809$27,317,354$19,657,134$50,725,634
86$87,648,666$28,548,113$20,207,856$54,921,163
87$96,477,643$29,835,784$20,773,633$59,508,281
88$106,203,673$31,183,048$21,354,860$64,525,494
89$116,918,146$32,592,715$21,951,946$70,015,175
90$128,721,769$34,067,730$22,565,308$76,023,959
91$141,725,517$35,611,176$23,195,373$82,603,168
92$156,051,682$37,226,287$23,842,581$89,809,295
93$171,835,026$38,916,448$24,507,380$97,704,519
94$189,224,053$40,685,208$25,190,232$106,357,291
95$208,382,409$42,536,285$25,891,607$115,842,964
96$229,490,429$44,473,577$26,611,990$126,244,495
97$252,746,836$46,501,166$27,351,875$137,653,219
98$278,370,621$48,623,331$28,111,771$150,169,698
99$306,603,106$50,844,556$28,892,196$163,904,657
100$337,710,223$53,169,539$29,693,685$178,980,021