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%15.7%
1 years$842,306$834,804$827,484$820,339$813,362$794,345
2 years$416,983$409,217$401,691$394,394$387,315$368,264
3 years$275,228$267,428$259,921$252,692$245,729$227,238
4 years$204,364$196,588$189,156$182,050$175,256$157,469
5 years$161,856$154,127$146,793$139,832$133,227$116,193
6 years$133,527$125,857$118,630$111,825$105,418$89,154
7 years$113,300$105,694$98,582$91,937$85,733$70,243
8 years$98,137$90,599$83,606$77,124$71,124$56,400
9 years$86,349$78,883$72,009$65,692$59,896$45,928
10 years$76,925$69,532$62,779$56,628$51,035$37,807
11 years$69,219$61,900$55,270$49,283$43,892$31,386
12 years$62,802$55,558$49,051$43,228$38,036$26,231
13 years$57,377$50,208$43,824$38,164$33,168$22,042
14 years$52,730$45,638$39,376$33,877$29,075$18,605
15 years$48,707$41,691$35,551$30,213$25,600$15,761
16 years$45,190$38,251$32,232$27,052$22,625$13,393
17 years$42,090$35,227$29,330$24,306$20,061$11,409
18 years$39,337$32,552$26,775$21,905$17,837$9,740
19 years$36,878$30,169$24,511$19,793$15,899$8,330
20 years$34,667$28,034$22,495$17,926$14,201$7,135
21 years$32,669$26,113$20,691$16,269$12,708$6,119
22 years$30,855$24,375$19,070$14,792$11,391$5,254
23 years$29,201$22,798$17,608$13,472$10,225$4,515
24 years$27,688$21,360$16,284$12,287$9,191$3,884
25 years$26,297$20,045$15,082$11,221$8,270$3,342
26 years$25,016$18,839$13,988$10,260$7,450$2,878
27 years$23,831$17,730$12,989$9,391$6,716$2,480
28 years$22,734$16,707$12,075$8,604$6,060$2,138
29 years$21,713$15,761$11,237$7,890$5,472$1,843
30 years$20,763$14,885$10,467$7,241$4,945$1,590
31 years$19,875$14,071$9,758$6,651$4,470$1,372
32 years$19,045$13,314$9,104$6,112$4,044$1,184
33 years$18,267$12,609$8,501$5,621$3,660$1,022
34 years$17,536$11,950$7,943$5,172$3,313$882
35 years$16,848$11,334$7,426$4,761$3,001$762
36 years$16,200$10,758$6,947$4,384$2,719$658
37 years$15,588$10,218$6,502$4,040$2,464$568
38 years$15,010$9,710$6,089$3,723$2,234$491
39 years$14,463$9,234$5,704$3,433$2,026$424
40 years$13,945$8,785$5,347$3,167$1,838$366
41 years$13,453$8,363$5,014$2,922$1,667$316
42 years$12,986$7,964$4,703$2,696$1,513$273
43 years$12,542$7,588$4,413$2,489$1,373$236
44 years$12,119$7,233$4,142$2,298$1,246$204
45 years$11,716$6,898$3,890$2,122$1,131$176
46 years$11,332$6,580$3,653$1,961$1,027$152
47 years$10,965$6,279$3,432$1,811$933$132
48 years$10,615$5,994$3,225$1,674$847$114
49 years$10,279$5,724$3,032$1,547$769$98
50 years$9,959$5,468$2,850$1,430$699$85

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 $6,547 every year, while hoping to spend $38,384 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: 86/6/8 Blend
63$10,200,000$10,200,000$10,200,000$10,200,000
64$11,247,153$10,706,553$10,548,453$12,204,538
65$12,353,523$11,190,334$10,860,986$13,313,798
66$13,571,455$11,696,534$11,182,702$14,526,637
67$14,912,290$12,226,210$11,513,869$15,858,216
68$16,388,521$12,780,472$11,854,761$17,320,467
69$18,013,916$13,360,481$12,205,661$18,926,536
70$19,803,644$13,967,453$12,566,860$20,690,901
71$21,774,423$14,602,665$12,938,657$22,629,507
72$23,944,671$15,267,453$13,321,359$24,759,924
73$26,334,687$15,963,217$13,715,284$27,101,499
74$28,966,835$16,691,425$14,120,756$29,675,550
75$31,865,761$17,453,615$14,538,111$32,505,559
76$35,058,624$18,251,397$14,967,693$35,617,393
77$38,575,350$19,086,461$15,409,856$39,039,550
78$42,448,915$19,960,577$15,864,966$42,803,425
79$46,715,658$20,875,599$16,333,396$46,943,603
80$51,415,623$21,833,472$16,815,533$51,498,191
81$56,592,936$22,836,231$17,311,772$56,509,168
82$62,296,222$23,886,013$17,822,523$62,022,786
83$68,579,063$24,985,055$18,348,205$68,090,001
84$75,500,507$26,135,701$18,889,248$74,766,956
85$83,125,618$27,340,410$19,446,097$82,115,507
86$91,526,098$28,601,757$20,019,209$90,203,808
87$100,780,960$29,922,443$20,609,053$99,106,948
88$110,977,273$31,305,298$21,216,111$108,907,664
89$122,210,984$32,753,286$21,840,880$119,697,114
90$134,587,825$34,269,519$22,483,870$131,575,741
91$148,224,312$35,857,253$23,145,608$144,654,217
92$163,248,838$37,519,905$23,826,632$159,054,484
93$179,802,894$39,261,055$24,527,499$174,910,907
94$198,042,397$41,084,455$25,248,779$192,371,536
95$218,139,168$42,994,040$25,991,059$211,599,504
96$240,282,548$44,993,932$26,754,944$232,774,563
97$264,681,187$47,088,454$27,541,054$256,094,781
98$291,565,017$49,282,137$28,350,028$281,778,405
99$321,187,418$51,579,731$29,182,523$310,065,922
100$353,827,611$53,986,214$30,039,214$341,222,325