Can I retire at age 64 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$825,791$818,435$811,258$804,254$797,414$780,994
2 years$408,807$401,194$393,815$386,660$379,721$363,253
3 years$269,831$262,184$254,824$247,737$240,911$224,908
4 years$200,356$192,733$185,447$178,481$171,819$156,406
5 years$158,683$151,105$143,914$137,090$130,614$115,834
6 years$130,909$123,389$116,304$109,632$103,351$89,218
7 years$111,079$103,622$96,649$90,135$84,052$70,571
8 years$96,213$88,823$81,966$75,612$69,729$56,896
9 years$84,656$77,336$70,598$64,404$58,722$46,527
10 years$75,417$68,168$61,549$55,517$50,034$38,466
11 years$67,862$60,686$54,186$48,317$43,031$32,075
12 years$61,571$54,469$48,089$42,380$37,290$26,929
13 years$56,251$49,224$42,964$37,415$32,517$22,735
14 years$51,696$44,743$38,604$33,213$28,505$19,282
15 years$47,752$40,874$34,854$29,620$25,098$16,414
16 years$44,304$37,501$31,600$26,522$22,181$14,017
17 years$41,265$34,537$28,755$23,830$19,668$12,001
18 years$38,566$31,914$26,250$21,475$17,487$10,298
19 years$36,155$29,577$24,030$19,405$15,587$8,854
20 years$33,987$27,484$22,054$17,575$13,923$7,624
21 years$32,028$25,601$20,285$15,950$12,459$6,573
22 years$30,250$23,897$18,696$14,502$11,168$5,675
23 years$28,629$22,351$17,262$13,208$10,025$4,903
24 years$27,145$20,941$15,965$12,046$9,011$4,241
25 years$25,782$19,652$14,787$11,001$8,108$3,670
26 years$24,525$18,470$13,714$10,059$7,304$3,178
27 years$23,364$17,382$12,734$9,207$6,585$2,754
28 years$22,288$16,379$11,838$8,436$5,942$2,388
29 years$21,288$15,452$11,017$7,736$5,365$2,071
30 years$20,356$14,593$10,262$7,099$4,848$1,796
31 years$19,486$13,795$9,567$6,520$4,383$1,559
32 years$18,672$13,053$8,926$5,992$3,965$1,353
33 years$17,909$12,361$8,334$5,510$3,588$1,175
34 years$17,192$11,716$7,787$5,070$3,248$1,020
35 years$16,518$11,112$7,280$4,667$2,942$886
36 years$15,882$10,547$6,810$4,298$2,666$770
37 years$15,283$10,017$6,374$3,960$2,416$669
38 years$14,716$9,520$5,969$3,650$2,190$581
39 years$14,180$9,053$5,593$3,366$1,986$505
40 years$13,672$8,613$5,242$3,105$1,802$439
41 years$13,189$8,199$4,915$2,864$1,635$382
42 years$12,731$7,808$4,611$2,643$1,483$332
43 years$12,296$7,439$4,327$2,440$1,346$288
44 years$11,881$7,091$4,061$2,253$1,222$251
45 years$11,486$6,762$3,813$2,081$1,109$218
46 years$11,110$6,451$3,582$1,922$1,007$189
47 years$10,750$6,156$3,365$1,776$914$165
48 years$10,406$5,877$3,162$1,641$830$143
49 years$10,078$5,612$2,972$1,516$754$124
50 years$9,763$5,361$2,794$1,402$685$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $10,000,000, adding $2,467 every year, while hoping to spend $32,098 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: 71/14/15 Blend
63$10,000,000$10,000,000$10,000,000$10,000,000
64$11,022,545$10,492,545$10,337,545$11,767,558
65$12,112,692$10,972,527$10,649,700$12,742,487
66$13,312,959$11,474,953$10,971,238$13,805,323
67$14,634,543$12,000,889$11,302,437$14,968,034
68$16,089,785$12,551,450$11,643,586$16,240,482
69$17,692,280$13,127,808$11,994,983$17,633,525
70$19,457,012$13,731,190$12,356,935$19,159,114
71$21,400,490$14,362,882$12,729,755$20,830,403
72$23,540,907$15,024,230$13,113,769$22,661,874
73$25,898,310$15,716,648$13,509,311$24,669,474
74$28,494,790$16,441,616$13,916,725$26,870,756
75$31,354,688$17,200,685$14,336,365$29,285,049
76$34,504,829$17,995,481$14,768,596$31,933,636
77$37,974,772$18,827,709$15,213,793$34,839,954
78$41,797,087$19,699,155$15,672,344$38,029,809
79$46,007,669$20,611,693$16,144,646$41,531,622
80$50,646,069$21,567,284$16,631,110$45,376,691
81$55,755,873$22,567,986$17,132,157$49,599,486
82$61,385,110$23,615,955$17,648,223$54,237,971
83$67,586,706$24,713,452$18,179,753$59,333,956
84$74,418,986$25,862,847$18,727,210$64,933,497
85$81,946,218$27,066,622$19,291,068$71,087,316
86$90,239,228$28,327,382$19,871,814$77,851,287
87$99,376,062$29,647,856$20,469,952$85,286,953
88$109,442,724$31,030,905$21,086,000$93,462,108
89$120,533,990$32,479,528$21,720,489$102,451,428
90$132,754,301$33,996,868$22,373,969$112,337,177
91$146,218,748$35,586,223$23,047,005$123,209,976
92$161,054,158$37,251,046$23,740,178$135,169,656
93$177,400,295$38,994,961$24,454,087$148,326,195
94$195,411,175$40,821,763$25,189,349$162,800,752
95$215,256,520$42,735,434$25,946,597$178,726,804
96$237,123,362$44,740,148$26,726,485$196,251,403
97$261,217,808$46,840,278$27,529,685$215,536,558
98$287,766,986$49,040,413$28,356,891$236,760,759
99$317,021,186$51,345,361$29,208,814$260,120,657
100$349,256,226$53,760,163$30,086,189$285,832,910