Can I retire at age 64 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$834,049$826,619$819,371$812,296$805,388$787,839
2 years$412,895$405,206$397,753$390,527$383,518$365,926
3 years$272,529$264,806$257,372$250,214$243,320$226,234
4 years$202,360$194,661$187,301$180,265$173,538$157,090
5 years$160,269$152,616$145,353$138,461$131,921$116,157
6 years$132,218$124,623$117,467$110,728$104,384$89,321
7 years$112,190$104,658$97,616$91,036$84,892$70,533
8 years$97,175$89,711$82,786$76,368$70,426$56,766
9 years$85,503$78,110$71,303$65,048$59,309$46,337
10 years$76,171$68,850$62,164$56,072$50,534$38,238
11 years$68,540$61,293$54,728$48,800$43,461$31,824
12 years$62,186$55,013$48,570$42,804$37,663$26,667
13 years$56,814$49,716$43,394$37,789$32,843$22,469
14 years$52,213$45,190$38,990$33,545$28,790$19,017
15 years$48,229$41,282$35,202$29,917$25,349$16,155
16 years$44,747$37,876$31,916$26,787$22,403$13,767
17 years$41,677$34,882$29,042$24,068$19,864$11,762
18 years$38,952$32,233$26,512$21,690$17,662$10,070
19 years$36,516$29,873$24,270$19,599$15,743$8,638
20 years$34,327$27,759$22,274$17,750$14,062$7,421
21 years$32,348$25,857$20,488$16,110$12,584$6,385
22 years$30,552$24,136$18,883$14,647$11,280$5,499
23 years$28,915$22,574$17,435$13,340$10,125$4,740
24 years$27,416$21,151$16,124$12,167$9,101$4,090
25 years$26,039$19,849$14,934$11,111$8,189$3,531
26 years$24,771$18,655$13,851$10,159$7,377$3,051
27 years$23,598$17,556$12,862$9,299$6,651$2,637
28 years$22,511$16,543$11,957$8,520$6,001$2,281
29 years$21,500$15,607$11,127$7,813$5,419$1,973
30 years$20,559$14,739$10,364$7,170$4,896$1,707
31 years$19,680$13,933$9,662$6,586$4,427$1,478
32 years$18,858$13,183$9,015$6,052$4,004$1,280
33 years$18,088$12,485$8,417$5,566$3,624$1,109
34 years$17,364$11,833$7,865$5,121$3,281$960
35 years$16,683$11,223$7,353$4,714$2,972$832
36 years$16,041$10,653$6,878$4,341$2,692$721
37 years$15,436$10,117$6,438$4,000$2,440$625
38 years$14,863$9,615$6,029$3,687$2,212$541
39 years$14,322$9,143$5,649$3,400$2,006$469
40 years$13,808$8,699$5,294$3,136$1,820$407
41 years$13,321$8,281$4,964$2,893$1,651$353
42 years$12,859$7,886$4,657$2,670$1,498$306
43 years$12,419$7,514$4,370$2,465$1,360$265
44 years$12,000$7,162$4,102$2,276$1,234$230
45 years$11,601$6,830$3,851$2,102$1,120$199
46 years$11,221$6,515$3,617$1,941$1,017$173
47 years$10,858$6,218$3,398$1,794$924$150
48 years$10,511$5,936$3,194$1,657$839$130
49 years$10,179$5,668$3,002$1,532$762$113
50 years$9,861$5,415$2,822$1,416$692$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $10,100,000, adding $4,770 every year, while hoping to spend $59,752 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: 60/18/22 Blend
63$10,100,000$10,100,000$10,100,000$10,100,000
64$11,135,120$10,599,820$10,443,270$11,738,105
65$12,207,327$11,055,636$10,729,544$12,603,506
66$13,386,896$11,531,784$11,023,406$13,540,314
67$14,684,715$12,029,197$11,325,046$14,561,097
68$16,112,781$12,548,853$11,634,660$15,674,018
69$17,684,312$13,091,774$11,952,448$16,888,054
70$19,413,872$13,659,031$12,278,615$18,213,085
71$21,317,509$14,251,745$12,613,371$19,659,980
72$23,412,904$14,871,090$12,956,928$21,240,701
73$25,719,542$15,518,295$13,309,506$22,968,413
74$28,258,890$16,194,646$13,671,329$24,857,605
75$31,054,603$16,901,490$14,042,626$26,924,224
76$34,132,749$17,640,240$14,423,630$29,185,825
77$37,522,049$18,412,371$14,814,581$31,661,733
78$41,254,152$19,219,431$15,215,724$34,373,221
79$45,363,933$20,063,040$15,627,307$37,343,712
80$49,889,819$20,944,894$16,049,587$40,598,993
81$54,874,157$21,866,771$16,482,825$44,167,457
82$60,363,608$22,830,529$16,927,287$48,080,371
83$66,409,590$23,838,119$17,383,245$52,372,162
84$73,068,763$24,891,582$17,850,978$57,080,740
85$80,403,561$25,993,053$18,330,770$62,247,858
86$88,482,784$27,144,773$18,822,911$67,919,495
87$97,382,247$28,349,086$19,327,698$74,146,289
88$107,185,494$29,608,449$19,845,433$80,984,013
89$117,984,585$30,925,433$20,376,425$88,494,092
90$129,880,967$32,302,734$20,920,990$96,744,186
91$142,986,432$33,743,174$21,479,450$105,808,817
92$157,424,169$35,249,711$22,052,132$115,770,071
93$173,329,928$36,825,441$22,639,372$126,718,367
94$190,853,302$38,473,609$23,241,513$138,753,308
95$210,159,138$40,197,615$23,858,903$151,984,610
96$231,429,091$42,001,019$24,491,897$166,533,139
97$254,863,342$43,887,552$25,140,859$182,532,040
98$280,682,483$45,861,123$25,806,158$200,127,993
99$309,129,604$47,925,825$26,488,172$219,482,587
100$340,472,583$50,085,950$27,187,285$240,773,842