Can I retire at age 64 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$842,306$834,804$827,484$820,339$813,362$806,884
2 years$416,983$409,217$401,691$394,394$387,315$380,785
3 years$275,228$267,428$259,921$252,692$245,729$239,349
4 years$204,364$196,588$189,156$182,050$175,256$169,076
5 years$161,856$154,127$146,793$139,832$133,227$127,264
6 years$133,527$125,857$118,630$111,825$105,418$99,680
7 years$113,300$105,694$98,582$91,937$85,733$80,223
8 years$98,137$90,599$83,606$77,124$71,124$65,842
9 years$86,349$78,883$72,009$65,692$59,896$54,841
10 years$76,925$69,532$62,779$56,628$51,035$46,202
11 years$69,219$61,900$55,270$49,283$43,892$39,279
12 years$62,802$55,558$49,051$43,228$38,036$33,639
13 years$57,377$50,208$43,824$38,164$33,168$28,982
14 years$52,730$45,638$39,376$33,877$29,075$25,094
15 years$48,707$41,691$35,551$30,213$25,600$21,819
16 years$45,190$38,251$32,232$27,052$22,625$19,039
17 years$42,090$35,227$29,330$24,306$20,061$16,663
18 years$39,337$32,552$26,775$21,905$17,837$14,621
19 years$36,878$30,169$24,511$19,793$15,899$12,858
20 years$34,667$28,034$22,495$17,926$14,201$11,329
21 years$32,669$26,113$20,691$16,269$12,708$9,999
22 years$30,855$24,375$19,070$14,792$11,391$8,838
23 years$29,201$22,798$17,608$13,472$10,225$7,821
24 years$27,688$21,360$16,284$12,287$9,191$6,929
25 years$26,297$20,045$15,082$11,221$8,270$6,145
26 years$25,016$18,839$13,988$10,260$7,450$5,455
27 years$23,831$17,730$12,989$9,391$6,716$4,845
28 years$22,734$16,707$12,075$8,604$6,060$4,307
29 years$21,713$15,761$11,237$7,890$5,472$3,831
30 years$20,763$14,885$10,467$7,241$4,945$3,409
31 years$19,875$14,071$9,758$6,651$4,470$3,035
32 years$19,045$13,314$9,104$6,112$4,044$2,703
33 years$18,267$12,609$8,501$5,621$3,660$2,408
34 years$17,536$11,950$7,943$5,172$3,313$2,147
35 years$16,848$11,334$7,426$4,761$3,001$1,914
36 years$16,200$10,758$6,947$4,384$2,719$1,707
37 years$15,588$10,218$6,502$4,040$2,464$1,522
38 years$15,010$9,710$6,089$3,723$2,234$1,358
39 years$14,463$9,234$5,704$3,433$2,026$1,212
40 years$13,945$8,785$5,347$3,167$1,838$1,081
41 years$13,453$8,363$5,014$2,922$1,667$965
42 years$12,986$7,964$4,703$2,696$1,513$862
43 years$12,542$7,588$4,413$2,489$1,373$769
44 years$12,119$7,233$4,142$2,298$1,246$687
45 years$11,716$6,898$3,890$2,122$1,131$613
46 years$11,332$6,580$3,653$1,961$1,027$548
47 years$10,965$6,279$3,432$1,811$933$489
48 years$10,615$5,994$3,225$1,674$847$437
49 years$10,279$5,724$3,032$1,547$769$390
50 years$9,959$5,468$2,850$1,430$699$349

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $10,200,000, adding $4,088 every year, while hoping to spend $23,843 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: 67/12/21 Blend
63$10,200,000$10,200,000$10,200,000$10,200,000
64$11,244,617$10,704,017$10,545,917$11,938,262
65$12,366,199$11,203,145$10,873,836$12,902,776
66$13,601,383$11,725,931$11,211,942$13,954,016
67$14,961,732$12,273,509$11,560,550$15,103,072
68$16,459,987$12,847,069$11,919,986$16,359,572
69$18,110,186$13,447,856$12,290,586$17,734,111
70$19,927,800$14,077,177$12,672,696$19,238,353
71$21,929,879$14,736,401$13,066,674$20,885,134
72$24,135,207$15,426,965$13,472,888$22,688,584
73$26,564,485$16,150,374$13,891,717$24,664,262
74$29,240,526$16,908,205$14,323,553$26,829,292
75$32,188,466$17,702,114$14,768,799$29,202,531
76$35,436,007$18,533,834$15,227,870$31,804,740
77$39,013,672$19,405,185$15,701,197$34,658,780
78$42,955,100$20,318,073$16,189,221$37,789,820
79$47,297,358$21,274,496$16,692,397$41,225,582
80$52,081,293$22,276,551$17,211,197$44,996,588
81$57,351,916$23,326,433$17,746,103$49,136,457
82$63,158,831$24,426,447$18,297,617$53,682,208
83$69,556,697$25,579,008$18,866,252$58,674,616
84$76,605,748$26,786,648$19,452,540$64,158,589
85$84,372,363$28,052,022$20,057,028$70,183,589
86$92,929,686$29,377,913$20,680,281$76,804,094
87$102,358,323$30,767,240$21,322,879$84,080,114
88$112,747,100$32,223,064$21,985,424$92,077,747
89$124,193,902$33,748,591$22,668,534$100,869,803
90$136,806,596$35,347,188$23,372,845$110,536,487
91$150,704,049$37,022,380$24,099,015$121,166,151
92$166,017,252$38,777,867$24,847,723$132,856,124
93$182,890,556$40,617,527$25,619,666$145,713,624
94$201,483,033$42,545,426$26,415,564$159,856,770
95$221,969,978$44,565,827$27,236,161$175,415,686
96$244,544,565$46,683,202$28,082,222$192,533,732
97$269,419,669$48,902,238$28,954,536$211,368,841
98$296,829,879$51,227,851$29,853,916$232,095,016
99$327,033,706$53,665,195$30,781,202$254,903,957
100$360,316,030$56,219,675$31,737,258$280,006,869