Can I retire at age 67 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%12.3%
1 years$867,080$859,357$851,821$844,466$837,285$829,231
2 years$429,248$421,253$413,506$405,993$398,707$390,594
3 years$283,323$275,294$267,565$260,124$252,956$245,035
4 years$210,374$202,370$194,719$187,405$180,410$172,743
5 years$166,617$158,661$151,110$143,945$137,145$129,753
6 years$137,455$129,558$122,119$115,114$108,518$101,411
7 years$116,633$108,803$101,482$94,641$88,254$81,436
8 years$101,023$93,264$86,065$79,392$73,216$66,685
9 years$88,889$81,203$74,127$67,625$61,658$55,413
10 years$79,187$71,577$64,626$58,293$52,536$46,572
11 years$71,255$63,720$56,896$50,732$45,183$39,496
12 years$64,649$57,192$50,493$44,499$39,154$33,739
13 years$59,064$51,685$45,113$39,286$34,143$28,993
14 years$54,281$46,980$40,534$34,874$29,930$25,038
15 years$50,139$42,917$36,597$31,101$26,353$21,712
16 years$46,519$39,376$33,180$27,848$23,290$18,893
17 years$43,328$36,264$30,193$25,021$20,651$16,489
18 years$40,494$33,509$27,562$22,549$18,362$14,428
19 years$37,962$31,056$25,232$20,375$16,366$12,652
20 years$35,686$28,859$23,156$18,453$14,619$11,115
21 years$33,630$26,881$21,299$16,748$13,082$9,781
22 years$31,762$25,092$19,631$15,227$11,726$8,619
23 years$30,060$23,468$18,125$13,868$10,526$7,605
24 years$28,502$21,988$16,763$12,648$9,461$6,717
25 years$27,071$20,635$15,526$11,551$8,514$5,938
26 years$25,752$19,393$14,399$10,562$7,669$5,254
27 years$24,532$18,251$13,371$9,668$6,914$4,653
28 years$23,402$17,198$12,430$8,858$6,239$4,122
29 years$22,352$16,225$11,567$8,123$5,633$3,655
30 years$21,373$15,322$10,775$7,454$5,090$3,242
31 years$20,460$14,485$10,045$6,846$4,602$2,877
32 years$19,605$13,706$9,372$6,292$4,163$2,554
33 years$18,804$12,979$8,751$5,786$3,767$2,268
34 years$18,051$12,301$8,176$5,324$3,411$2,014
35 years$17,344$11,668$7,644$4,901$3,089$1,790
36 years$16,676$11,074$7,151$4,513$2,799$1,591
37 years$16,047$10,518$6,693$4,158$2,537$1,414
38 years$15,452$9,996$6,268$3,833$2,300$1,257
39 years$14,889$9,505$5,872$3,534$2,086$1,118
40 years$14,355$9,043$5,504$3,260$1,892$994
41 years$13,849$8,608$5,161$3,008$1,716$885
42 years$13,368$8,198$4,841$2,776$1,557$787
43 years$12,911$7,811$4,543$2,562$1,413$700
44 years$12,475$7,446$4,264$2,366$1,283$623
45 years$12,061$7,100$4,004$2,185$1,165$554
46 years$11,665$6,773$3,761$2,018$1,057$493
47 years$11,288$6,464$3,533$1,865$960$439
48 years$10,927$6,171$3,320$1,723$872$391
49 years$10,582$5,893$3,121$1,592$792$348
50 years$10,252$5,629$2,934$1,472$719$310

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $10,500,000, adding $3,208 every year, while hoping to spend $55,851 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: 67/15/18 Blend
66$10,500,000$10,500,000$10,500,000$10,500,000
67$11,574,309$11,017,809$10,855,059$12,298,524
68$12,695,464$11,498,257$11,159,278$13,263,636
69$13,929,104$12,000,374$11,471,817$14,311,785
70$15,286,645$12,525,165$11,792,896$15,456,575
71$16,780,663$13,073,679$12,122,738$16,707,501
72$18,425,017$13,647,015$12,461,576$18,075,009
73$20,234,976$14,246,326$12,809,646$19,570,600
74$22,227,364$14,872,817$13,167,190$21,206,932
75$24,420,722$15,527,751$13,534,457$22,997,936
76$26,835,476$16,212,452$13,911,702$24,958,952
77$29,494,136$16,928,303$14,299,186$27,106,866
78$32,421,505$17,676,757$14,697,176$29,460,269
79$35,644,913$18,459,333$15,105,946$32,039,631
80$39,194,476$19,277,622$15,525,776$34,867,489
81$43,103,378$20,133,291$15,956,955$37,968,662
82$47,408,187$21,028,086$16,399,778$41,370,477
83$52,149,196$21,963,837$16,854,545$45,103,031
84$57,370,808$22,942,459$17,321,566$49,199,466
85$63,121,950$23,965,959$17,801,158$53,696,281
86$69,456,537$25,036,439$18,293,644$58,633,676
87$76,433,980$26,156,101$18,799,358$64,055,926
88$84,119,748$27,327,252$19,318,638$70,011,794
89$92,585,984$28,552,308$19,851,834$76,554,992
90$101,912,185$29,833,802$20,399,302$83,744,681
91$112,185,956$31,174,386$20,961,406$91,646,029
92$123,503,831$32,576,839$21,538,521$100,330,818
93$135,972,189$34,044,071$22,131,028$109,878,120
94$149,708,254$35,579,133$22,739,320$120,375,042
95$164,841,207$37,185,221$23,363,798$131,917,538
96$181,513,395$38,865,682$24,004,870$144,611,314
97$199,881,686$40,624,025$24,662,958$158,572,822
98$220,118,941$42,463,926$25,338,490$173,930,350
99$242,415,650$44,389,235$26,031,907$190,825,234
100$266,981,727$46,403,989$26,743,657$209,413,180