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%14.5%
1 years$825,791$818,435$811,258$804,254$797,414$782,595
2 years$408,807$401,194$393,815$386,660$379,721$364,846
3 years$269,831$262,184$254,824$247,737$240,911$226,444
4 years$200,356$192,733$185,447$178,481$171,819$157,872
5 years$158,683$151,105$143,914$137,090$130,614$117,226
6 years$130,909$123,389$116,304$109,632$103,351$90,537
7 years$111,079$103,622$96,649$90,135$84,052$71,815
8 years$96,213$88,823$81,966$75,612$69,729$58,067
9 years$84,656$77,336$70,598$64,404$58,722$47,627
10 years$75,417$68,168$61,549$55,517$50,034$39,497
11 years$67,862$60,686$54,186$48,317$43,031$33,039
12 years$61,571$54,469$48,089$42,380$37,290$27,829
13 years$56,251$49,224$42,964$37,415$32,517$23,572
14 years$51,696$44,743$38,604$33,213$28,505$20,060
15 years$47,752$40,874$34,854$29,620$25,098$17,136
16 years$44,304$37,501$31,600$26,522$22,181$14,685
17 years$41,265$34,537$28,755$23,830$19,668$12,618
18 years$38,566$31,914$26,250$21,475$17,487$10,867
19 years$36,155$29,577$24,030$19,405$15,587$9,377
20 years$33,987$27,484$22,054$17,575$13,923$8,105
21 years$32,028$25,601$20,285$15,950$12,459$7,015
22 years$30,250$23,897$18,696$14,502$11,168$6,079
23 years$28,629$22,351$17,262$13,208$10,025$5,274
24 years$27,145$20,941$15,965$12,046$9,011$4,579
25 years$25,782$19,652$14,787$11,001$8,108$3,979
26 years$24,525$18,470$13,714$10,059$7,304$3,459
27 years$23,364$17,382$12,734$9,207$6,585$3,010
28 years$22,288$16,379$11,838$8,436$5,942$2,620
29 years$21,288$15,452$11,017$7,736$5,365$2,281
30 years$20,356$14,593$10,262$7,099$4,848$1,987
31 years$19,486$13,795$9,567$6,520$4,383$1,732
32 years$18,672$13,053$8,926$5,992$3,965$1,510
33 years$17,909$12,361$8,334$5,510$3,588$1,316
34 years$17,192$11,716$7,787$5,070$3,248$1,148
35 years$16,518$11,112$7,280$4,667$2,942$1,001
36 years$15,882$10,547$6,810$4,298$2,666$873
37 years$15,283$10,017$6,374$3,960$2,416$762
38 years$14,716$9,520$5,969$3,650$2,190$665
39 years$14,180$9,053$5,593$3,366$1,986$580
40 years$13,672$8,613$5,242$3,105$1,802$507
41 years$13,189$8,199$4,915$2,864$1,635$442
42 years$12,731$7,808$4,611$2,643$1,483$386
43 years$12,296$7,439$4,327$2,440$1,346$337
44 years$11,881$7,091$4,061$2,253$1,222$294
45 years$11,486$6,762$3,813$2,081$1,109$257
46 years$11,110$6,451$3,582$1,922$1,007$224
47 years$10,750$6,156$3,365$1,776$914$196
48 years$10,406$5,877$3,162$1,641$830$171
49 years$10,078$5,612$2,972$1,516$754$149
50 years$9,763$5,361$2,794$1,402$685$130

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 $4,144 every year, while hoping to spend $59,896 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: 46/47/7 Blend
63$10,000,000$10,000,000$10,000,000$10,000,000
64$11,024,275$10,494,275$10,339,275$11,510,103
65$12,085,022$10,944,765$10,621,911$12,295,286
66$13,251,958$11,415,322$10,912,009$13,139,960
67$14,535,850$11,906,866$11,209,754$14,054,827
68$15,948,564$12,420,359$11,515,338$15,046,390
69$17,503,171$12,956,811$11,828,956$16,121,786
70$19,214,076$13,517,276$12,150,807$17,288,852
71$21,097,149$14,102,859$12,481,096$18,556,194
72$23,169,877$14,714,719$12,820,032$19,933,261
73$25,451,529$15,354,065$13,167,828$21,430,435
74$27,963,337$16,022,166$13,524,702$23,059,119
75$30,728,696$16,720,350$13,890,878$24,831,843
76$33,773,384$17,450,008$14,266,583$26,762,378
77$37,125,806$18,212,596$14,652,051$28,865,857
78$40,817,263$19,009,638$15,047,519$31,158,916
79$44,882,244$19,842,730$15,453,231$33,659,845
80$49,358,754$20,713,545$15,869,436$36,388,750
81$54,288,672$21,623,834$16,296,387$39,367,742
82$59,718,144$22,575,429$16,734,343$42,621,137
83$65,698,021$23,570,251$17,183,570$46,175,679
84$72,284,337$24,610,312$17,644,338$50,060,783
85$79,538,839$25,697,716$18,116,922$54,308,809
86$87,529,567$26,834,671$18,601,606$58,955,356
87$96,331,499$28,023,486$19,098,676$64,039,592
88$106,027,256$29,266,581$19,608,426$69,604,613
89$116,707,884$30,566,492$20,131,156$75,697,845
90$128,473,710$31,925,872$20,667,171$82,371,476
91$141,435,292$33,347,503$21,216,785$89,682,945
92$155,714,459$34,834,297$21,780,314$97,695,468
93$171,445,462$36,389,307$22,358,083$106,478,629
94$188,776,245$38,015,728$22,950,424$116,109,022
95$207,869,832$39,716,909$23,557,674$126,670,965
96$228,905,875$41,496,358$24,180,177$138,257,281
97$252,082,345$43,357,749$24,818,282$150,970,162
98$277,617,398$45,304,933$25,472,349$164,922,121
99$305,751,440$47,341,943$26,142,741$180,237,040
100$336,749,393$49,473,003$26,829,828$197,051,322