Retire With 10 Million Dollars: How to Get There

What’s your number?

As a high net worth or ultra-high net worth investor, you probably have a number in mind. Once you hit that number, you’ll consider yourself ready to retire. Many aspire to retire with 10 million dollars. Others aim higher before they are ready to live out their retirement comfortably.

Whatever your number, to protect your wealth before, during, and after retirement requires the best wealth management you can find. After all, the more money you have, the more you have to lose to market crashes, lawsuits, bad investments, health costs, and more. To find the best strategies to help you with your retirement plan, request this free guide, which was written specifically for investors with a liquid net worth of more than $5 million dollars.

retire with $10 million dollars

7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning

The insights you’ll discover from our published book will help you integrate a variety of wealth management tools with financial planning, providing guidance for your future security alongside complex financial strategies, so your human and financial capital will both flourish.

Clients frequently share with us how the knowledge gained from this book helped provide them tremendous clarity, shattering industry-pitched ideologies, while offering insight and direction in making such important financial decisions.

An early retirement is a dream come true for many people. In particular, affluent investors believe that if they cross a certain threshold in their bank account, they are set for life.

So here’s the question for today:

Can you retire with a 10 million dollar net worth? Whatever your number, are you prepared for the day when your work income ends, and you must depend on retirement income and perhaps passive income?

This article will help you answer that question. By the end, you’ll be equipped with enough information to know if 10 million dollars is enough to retire at any age.

This is the secret:

Even with a fortune worth millions of dollars, a retirement plan is crucial to help you maintain your desired lifestyle.

There is no amount of money too big to be lost or wasted.

Click to tweet: There is no amount of money too big to be lost or wasted

At Pillar Wealth Management, we focus exclusively on the financial needs and goals of investors with 5 million to 500 million dollars in liquid assets. You can find out more about our wealth management services and retirement planning strategies by contacting our team.

Retire With 10 Million
Table of Contents
How to Retire With 10 Million Dollars
What Can Retirement Planning Help You With?
Determining Your Financial Status
Why You Should Hire a Wealth Manager to Help You Retire With 10 Million Dollars
Pillar Wealth Management as Your First Choice

How to Retire With 10 Million Dollars

A net worth of 10 million dollars is considered to be in the country’s top 1%. Hence, retiring with that amount should enable you to retire comfortably and maintain a high standard of living while covering your everyday costs.

You can certainly retire and live a comfortable lifestyle with a net worth of $10 million. But you need to manage it well and plan for the challenges ahead, such as unforeseen medical costs. Not to mention the possibility of making poor investments, which can wreck your plans for a peaceful retirement.

But here’s the rub:

The earlier you retire, the more work it will take to make that money last throughout your life.

Whether you have 5 million, 10 million, or 30 million dollars, you are not immune to the risks that come with a wealthy status.

Here’s what can go wrong. Common retirement concerns include:

  • inflation
  • medical bills
  • taxes
  • lawsuits
  • family dysfunction
  • business failures
  • poor money management

To prepare for unforeseen circumstances and successfully enhance and protect their wealth for a comfortable retirement, many affluent investors realize that retirement planning services are not really optional – they are a necessity.

That may not be true for you, but since it is true for the majority of people with millions in net worth, let’s take a look at how smart retirement planning helps you secure a retirement with 10 million dollars or more in net worth.

What Is Retirement Planning?

Retirement planning is the process of identifying your retirement income goals and understanding which steps need to be taken to achieve those goals. Working on your retirement plan earlier helps you ensure a secure, relaxed, and enjoyable retirement.

A retirement planner or wealth manager can help you draft a retirement plan. They will identify your sources of income, size up your expenses, implement a savings program, manage your assets and risks, and estimate your future cash flows. Find out how our wealth managers can help with your retirement plan by scheduling your first free consultation with us!

What Can Retirement Planning Help You With?

If you want to retire with 10 million dollars, or if you already have that much wealth and want to sustain it through your retirement years, smart and strategic retirement planning is a must.

It can not only help you reach that 10 million dollar mark, but it can also help you continue to generate a passive income after you retire. Passive income from $10 million makes for a powerful retirement asset.

Here are five ways a retirement planner or wealth manager helps secure your financial future:

1. Analyze and Set Up Income Sources

Typically, most retirees withdraw their savings from Social Security accounts, IRA accounts, and pensions.

But is that enough income?

If you retire with far less than 10 million dollars, there’s a good chance it won’t be, especially if your expenses are high.

If you’re far short of a 10 million dollar retirement goal (or whatever your goal is), a retirement plan can help you set up additional income sources in advance to maintain a steady influx of cash.

Other income sources can include:

  • royalties
  • strategic investments
  • renting out estate properties
  • passive business income

Your retirement planner can help you identify the best way to go about enhancing your wealth and protecting your assets before and after you retire.

2. Achieve Your Retirement Goals

Most people have a vision for their retirement. It may be just relaxing in your dream home, sailing on your private yacht, traveling the world, or picking up an expensive hobby without having to worry about the cost.

A retirement planner can help you estimate your expected expenses based on your goals.

A really smart and experienced retirement planner can calculate exactly how much you can afford to spend on these extra activities without jeopardizing your retirement security.

Did you catch that?

That’s the number you really need to know. Retiring with 10 million dollars means little if you aren’t absolutely confident that it’s enough.

We have a phrase for that at Pillar Wealth Management:

Financial serenity.

That’s the feeling of knowing your finances are completely secure, while you enjoy the lifestyle and retirement of your dreams.

Financial serenity is a powerful force. Few find it. Few wealth managers can definitively provide it.

The best retirement planners will strategically adjust your finances to save more money, use strategies to increase your portfolio’s performance, and help set up passive income sources to support you when you retire.

Our wealth managers are experts in optimizing your portfolio’s performance to help you generate maximum revenue. You can read about these strategies in our Performance Guide, “Improving Portfolio Performance: The Shifts Multi-Millionaires Must Make to Achieve Financial Security and Serenity.”

3. Combat Unforeseen Circumstances

Passive income from 10 million dollars is great. Living your desired lifestyle in retirement is great.

But no one is immune from calamity, and it can all fall apart. We’ve seen it happen, even just by watching wealthy people in the news who lose their fortunes. Just look at Johnny Depp.

Future expenses can be hard to predict.

Medical bills can cost you a fortune, particularly if you or a loved one develops a chronic condition or requires at-home care.

Wealthy families are continuously at risk of being taken advantage of, through lawsuits, for example.

Life changes such as divorce, marriage, or having children can increase your expenses drastically. Combined with other factors such as inflation, you might find your wealth falling short sooner than you expect – especially if you retire early.

What can you do?

Retiring with 10 million dollars – and keeping it – requires the ability to plan ahead for unforeseen circumstances.

Yes, you read that right:

You want to plan ahead for things that you don’t anticipate happening. That way, even if they do happen, you are already prepared.

Experienced retirement planning and wealth management will include in its process a detailed plan for combating challenges that the future can bring.

For instance, your retirement planner could recommend insurance policies that can spare you from having to use your savings in many circumstances. Alternatively, they can help you generate additional income to help you cover unexpected costs.

4. Transfer Your Wealth Smoothly

Do you want it all to just end with you?

Wealth transfer is pivotal for most affluent families. You might want to make sure your business remains in the family, or you might want to leave a large inheritance for your loved ones. A transfer plan is important to make sure that the assets you leave behind are transferred to your chosen beneficiary.

A large inheritance can also be subject to taxes, which is counterintuitive since your heirs will need to use their inheritance to pay them off!

Retirement planning takes these aspects into consideration, helping you plan where your wealth will go when you’re gone.

5. Reduce Your Taxes

If you choose to retire early, withdrawing your savings can incur some heavy taxes. Pair this with the fact that rich individuals are eligible for a higher tax bracket, and you might find yourself losing a lot of the money you saved up.

When the tax man comes and you haven’t planned ahead like you could have, he will take a big bite out of that 10 million dollars that you thought was enough to retire on.

A retirement plan covers tax minimization and tax management, helping you reduce your tax bill legally by implementing tax saving strategies. If you would like to learn more about these strategies and how they apply to you, you can call us to schedule your first consultation.

Determining Your Financial Status

What do you have now?

Whether you have nothing but debt, or just $50,000 saved, or six million, ten million, or fifty million, the primary factor that helps you determine when you can retire is your current financial status.

That’s your starting point.

If 10 million dollars is the goal, begin by examining your current status, and create a plan that stretches out for the next few decades.

First, consider your expenses and how much you are willing to cut down on them.

An average person might consider one million dollars to be enough as a benchmark for early retirement, but you’re aiming higher.

However, you might have plans for your golden years that add to your expenses, or you might have multiple family members who are financially dependent on you.

Your current financial status may not enough sufficient to provide for your future plans.

Next up, examine your income sources, now and anticipated in the future. You may have:

  • A pension
  • Company stock that will vest in a particular year
  • An expected inheritance
  • Real estate ownership
  • Passive business income

There are many more. If you’re far short of your retirement goal, look at that list and figure out which ones make sense for you to pursue and grow.

What about taxes?

You should be aware that if you retire with 10 million dollars, it is still under the current $11.58 million estate tax exemption limit. This means that your heirs will not need to pay a 40% death tax on capital that you’ve already paid taxes for.

Working with the right financial advisor is necessary for high net worth and ultra-high net worth individuals.

Here’s the best place to start:

Get our free guide, exclusively created for investors with $5 to $500 million in net worth and who are looking for financial advice. If you’re not looking for advice, then it’s not for you. But if you are, find out the 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning.

Why You Should Hire a Wealth Manager to Help You Retire With 10 Million Dollars

Wealth management firms offer services exclusively to wealthy families who have a high and ultra-high net worth.

What do wealth managers do?

They cover an array of services from retirement planning to risk management, estate planning, and financial planning. This makes them your best option to safely retire with 10 million dollars.

If you’re looking to hire an advisor to help you with these financial aspects, we wrote the Ultimate Guide to choosing the best financial advisor to make the process seamless for you.

Wealth managers are well-equipped with extensive knowledge, tools, resources, and experience to help you with an early or comfortable retirement.

Here’s the best part:

They understand your unique needs and will not expect you to compromise on your extravagant or desired living standards. Instead, they will use strategies to optimize your portfolio to help you accumulate more wealth and secure your retirement lifestyle.

Our wealth managers have been helping wealthy clients for decades, using innovative strategies to bring them closer to their financial objectives and a secure future.

Want to do something practical today?

Make the five critical shifts in your portfolio that are detailed in this short guide, 5 Critical Shifts For Maximizing Portfolio Growth Strategies – For Families Worth $5 Million To $500 Million.

Pillar Wealth Management as Your First Choice

If you have a liquid net worth of 5 million to 500 million in investable assets, Pillar Wealth Management can help you retire with 10 million dollars. Our wealth management experts begin by consulting with you and discussing your current financial status. They assess your unique needs and goals for retirement to devise a comprehensive retirement plan.

Our goal is to help you achieve your short term and long-term goals with little to no risk so that you can live out your golden years securely and comfortably. We can help you identify ways to allow your assets to generate a sufficient amount of income for years after you retire. Start a conversation with our team to ensure that you have a comfortable, flexible, financially stable, and secure retirement.


To be 100% transparent, we published this page to help filter through the mass influx of prospects, who come to us through our website and referrals, to gain only a handful of the right types of new clients who wish to engage us.

We enjoy working with high net worth and ultra-high net worth investors and families who want what we call financial serenity – the feeling that comes when you know your finances and the lifestyle you desire have been secured for life, and that you don’t have to do any of the work to manage and maintain it because you hired a trusted advisor to take care of everything.

You see, our goal is to only accept 17 new clients this year. Clients who have from $5 million to $500 million in liquid investable assets to entrust us with on a 100% fee basis. No commissions and no products for sale.

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