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%11.6%
1 years$834,049$826,619$819,371$812,296$805,388$799,977
2 years$412,895$405,206$397,753$390,527$383,518$378,061
3 years$272,529$264,806$257,372$250,214$243,320$237,985
4 years$202,360$194,661$187,301$180,265$173,538$168,367
5 years$160,269$152,616$145,353$138,461$131,921$126,929
6 years$132,218$124,623$117,467$110,728$104,384$99,578
7 years$112,190$104,658$97,616$91,036$84,892$80,274
8 years$97,175$89,711$82,786$76,368$70,426$65,996
9 years$85,503$78,110$71,303$65,048$59,309$55,066
10 years$76,171$68,850$62,164$56,072$50,534$46,476
11 years$68,540$61,293$54,728$48,800$43,461$39,584
12 years$62,186$55,013$48,570$42,804$37,663$33,964
13 years$56,814$49,716$43,394$37,789$32,843$29,318
14 years$52,213$45,190$38,990$33,545$28,790$25,435
15 years$48,229$41,282$35,202$29,917$25,349$22,160
16 years$44,747$37,876$31,916$26,787$22,403$19,376
17 years$41,677$34,882$29,042$24,068$19,864$16,993
18 years$38,952$32,233$26,512$21,690$17,662$14,942
19 years$36,516$29,873$24,270$19,599$15,743$13,169
20 years$34,327$27,759$22,274$17,750$14,062$11,629
21 years$32,348$25,857$20,488$16,110$12,584$10,286
22 years$30,552$24,136$18,883$14,647$11,280$9,112
23 years$28,915$22,574$17,435$13,340$10,125$8,082
24 years$27,416$21,151$16,124$12,167$9,101$7,177
25 years$26,039$19,849$14,934$11,111$8,189$6,380
26 years$24,771$18,655$13,851$10,159$7,377$5,676
27 years$23,598$17,556$12,862$9,299$6,651$5,054
28 years$22,511$16,543$11,957$8,520$6,001$4,503
29 years$21,500$15,607$11,127$7,813$5,419$4,015
30 years$20,559$14,739$10,364$7,170$4,896$3,581
31 years$19,680$13,933$9,662$6,586$4,427$3,196
32 years$18,858$13,183$9,015$6,052$4,004$2,854
33 years$18,088$12,485$8,417$5,566$3,624$2,549
34 years$17,364$11,833$7,865$5,121$3,281$2,278
35 years$16,683$11,223$7,353$4,714$2,972$2,036
36 years$16,041$10,653$6,878$4,341$2,692$1,820
37 years$15,436$10,117$6,438$4,000$2,440$1,627
38 years$14,863$9,615$6,029$3,687$2,212$1,456
39 years$14,322$9,143$5,649$3,400$2,006$1,302
40 years$13,808$8,699$5,294$3,136$1,820$1,165
41 years$13,321$8,281$4,964$2,893$1,651$1,043
42 years$12,859$7,886$4,657$2,670$1,498$933
43 years$12,419$7,514$4,370$2,465$1,360$835
44 years$12,000$7,162$4,102$2,276$1,234$748
45 years$11,601$6,830$3,851$2,102$1,120$670
46 years$11,221$6,515$3,617$1,941$1,017$599
47 years$10,858$6,218$3,398$1,794$924$537
48 years$10,511$5,936$3,194$1,657$839$481
49 years$10,179$5,668$3,002$1,532$762$431
50 years$9,861$5,415$2,822$1,416$692$386

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 $6,848 every year, while hoping to spend $39,467 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: 49/36/15 Blend
63$10,100,000$10,100,000$10,100,000$10,100,000
64$11,137,264$10,601,964$10,445,414$11,636,412
65$12,231,272$11,079,467$10,753,342$12,458,780
66$13,435,546$11,579,046$11,070,264$13,346,952
67$14,761,292$12,101,739$11,396,438$14,310,882
68$16,220,857$12,648,637$11,732,132$15,357,692
69$17,827,845$13,220,882$12,077,619$16,495,200
70$19,597,249$13,819,668$12,433,183$17,731,999
71$21,545,588$14,446,251$12,799,114$19,077,526
72$23,691,063$15,101,943$13,175,709$20,542,153
73$26,053,734$15,788,120$13,563,278$22,137,278
74$28,655,702$16,506,225$13,962,135$23,875,429
75$31,521,321$17,257,768$14,372,604$25,770,380
76$34,677,431$18,044,334$14,795,021$27,837,270
77$38,153,602$18,867,580$15,229,728$30,092,750
78$41,982,425$19,729,246$15,677,079$32,555,127
79$46,199,807$20,631,154$16,137,436$35,244,536
80$50,845,320$21,575,214$16,611,173$38,183,125
81$55,962,570$22,563,426$17,098,674$41,395,253
82$61,599,606$23,597,888$17,600,334$44,907,722
83$67,809,379$24,680,798$18,116,558$48,750,016
84$74,650,237$25,814,458$18,647,764$52,954,576
85$82,186,478$27,001,284$19,194,381$57,557,100
86$90,488,956$28,243,804$19,756,850$62,596,873
87$99,635,750$29,544,670$20,335,625$68,117,127
88$109,712,899$30,906,662$20,931,172$74,165,444
89$120,815,219$32,332,692$21,543,969$80,794,195
90$133,047,190$33,825,813$22,174,512$88,061,030
91$146,523,951$35,389,225$22,823,305$96,029,405
92$161,372,378$37,026,282$23,490,870$104,769,182
93$177,732,289$38,740,498$24,177,742$114,357,267
94$195,757,759$40,535,558$24,884,473$124,878,337
95$215,618,575$42,415,325$25,611,627$136,425,619
96$237,501,840$44,383,847$26,359,787$149,101,764
97$261,613,738$46,445,366$27,129,551$163,019,803
98$288,181,482$48,604,331$27,921,533$178,304,201
99$317,455,454$50,865,405$28,736,366$195,092,019
100$349,711,575$53,233,474$29,574,699$213,534,196