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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$842,306$834,804$827,484$820,339$813,362$784,504
2 years$416,983$409,217$401,691$394,394$387,315$358,548
3 years$275,228$267,428$259,921$252,692$245,729$217,957
4 years$204,364$196,588$189,156$182,050$175,256$148,692
5 years$161,856$154,127$146,793$139,832$133,227$107,941
6 years$133,527$125,857$118,630$111,825$105,418$81,428
7 years$113,300$105,694$98,582$91,937$85,733$63,035
8 years$98,137$90,599$83,606$77,124$71,124$49,698
9 years$86,349$78,883$72,009$65,692$59,896$39,716
10 years$76,925$69,532$62,779$56,628$51,035$32,064
11 years$69,219$61,900$55,270$49,283$43,892$26,093
12 years$62,802$55,558$49,051$43,228$38,036$21,365
13 years$57,377$50,208$43,824$38,164$33,168$17,581
14 years$52,730$45,638$39,376$33,877$29,075$14,525
15 years$48,707$41,691$35,551$30,213$25,600$12,039
16 years$45,190$38,251$32,232$27,052$22,625$10,004
17 years$42,090$35,227$29,330$24,306$20,061$8,332
18 years$39,337$32,552$26,775$21,905$17,837$6,951
19 years$36,878$30,169$24,511$19,793$15,899$5,808
20 years$34,667$28,034$22,495$17,926$14,201$4,858
21 years$32,669$26,113$20,691$16,269$12,708$4,068
22 years$30,855$24,375$19,070$14,792$11,391$3,410
23 years$29,201$22,798$17,608$13,472$10,225$2,860
24 years$27,688$21,360$16,284$12,287$9,191$2,400
25 years$26,297$20,045$15,082$11,221$8,270$2,015
26 years$25,016$18,839$13,988$10,260$7,450$1,692
27 years$23,831$17,730$12,989$9,391$6,716$1,422
28 years$22,734$16,707$12,075$8,604$6,060$1,195
29 years$21,713$15,761$11,237$7,890$5,472$1,005
30 years$20,763$14,885$10,467$7,241$4,945$845
31 years$19,875$14,071$9,758$6,651$4,470$710
32 years$19,045$13,314$9,104$6,112$4,044$598
33 years$18,267$12,609$8,501$5,621$3,660$503
34 years$17,536$11,950$7,943$5,172$3,313$423
35 years$16,848$11,334$7,426$4,761$3,001$356
36 years$16,200$10,758$6,947$4,384$2,719$299
37 years$15,588$10,218$6,502$4,040$2,464$252
38 years$15,010$9,710$6,089$3,723$2,234$212
39 years$14,463$9,234$5,704$3,433$2,026$178
40 years$13,945$8,785$5,347$3,167$1,838$150
41 years$13,453$8,363$5,014$2,922$1,667$126
42 years$12,986$7,964$4,703$2,696$1,513$106
43 years$12,542$7,588$4,413$2,489$1,373$90
44 years$12,119$7,233$4,142$2,298$1,246$75
45 years$11,716$6,898$3,890$2,122$1,131$63
46 years$11,332$6,580$3,653$1,961$1,027$53
47 years$10,965$6,279$3,432$1,811$933$45
48 years$10,615$5,994$3,225$1,674$847$38
49 years$10,279$5,724$3,032$1,547$769$32
50 years$9,959$5,468$2,850$1,430$699$27

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 $5,239 every year, while hoping to spend $46,291 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: 68/20/12 Blend
63$10,200,000$10,200,000$10,200,000$10,200,000
64$11,245,804$10,705,204$10,547,104$11,980,710
65$12,343,623$11,180,506$10,851,179$12,945,347
66$13,551,868$11,677,546$11,163,888$13,993,948
67$14,881,753$12,197,340$11,485,474$15,139,580
68$16,345,636$12,740,954$11,816,181$16,391,757
69$17,957,132$13,309,502$12,156,265$17,760,948
70$19,731,245$13,904,153$12,505,984$19,258,673
71$21,684,505$14,526,130$12,865,608$20,897,610
72$23,835,129$15,176,715$13,235,411$22,691,713
73$26,203,189$15,857,250$13,615,674$24,656,339
74$28,810,802$16,569,144$14,006,687$26,808,395
75$31,682,342$17,313,870$14,408,749$29,166,489
76$34,844,662$18,092,971$14,822,163$31,751,109
77$38,327,357$18,908,066$15,247,246$34,584,808
78$42,163,036$19,760,850$15,684,317$37,692,420
79$46,387,633$20,653,098$16,133,708$41,101,283
80$51,040,743$21,586,672$16,595,759$44,841,505
81$56,166,000$22,563,520$17,070,818$48,946,232
82$61,811,485$23,585,685$17,559,243$53,451,969
83$68,030,180$24,655,308$18,061,402$58,398,914
84$74,880,471$25,774,630$18,577,672$63,831,336
85$82,426,695$26,946,003$19,108,439$69,797,987
86$90,739,749$28,171,889$19,654,103$76,352,561
87$99,897,759$29,454,866$20,215,071$83,554,194
88$109,986,816$30,797,641$20,791,762$91,468,021
89$121,101,791$32,203,045$21,384,605$100,165,780
90$133,347,228$33,674,048$21,994,043$109,726,491
91$146,838,330$35,213,761$22,620,529$120,237,192
92$161,702,049$36,825,445$23,264,526$131,793,758
93$178,078,284$38,512,517$23,926,514$144,501,798
94$196,121,197$40,278,559$24,606,980$158,477,650
95$216,000,674$42,127,323$25,306,428$173,849,468
96$237,903,923$44,062,742$26,025,374$190,758,429
97$262,037,246$46,088,940$26,764,347$209,360,057
98$288,627,982$48,210,235$27,523,890$229,825,686
99$317,926,656$50,431,156$28,304,560$252,344,067
100$350,209,341$52,756,449$29,106,929$277,123,147