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%14.4%
1 years$842,306$834,804$827,484$820,339$813,362$798,574
2 years$416,983$409,217$401,691$394,394$387,315$372,469
3 years$275,228$267,428$259,921$252,692$245,729$231,287
4 years$204,364$196,588$189,156$182,050$175,256$161,330
5 years$161,856$154,127$146,793$139,832$133,227$119,857
6 years$133,527$125,857$118,630$111,825$105,418$92,619
7 years$113,300$105,694$98,582$91,937$85,733$73,508
8 years$98,137$90,599$83,606$77,124$71,124$59,470
9 years$86,349$78,883$72,009$65,692$59,896$48,807
10 years$76,925$69,532$62,779$56,628$51,035$40,500
11 years$69,219$61,900$55,270$49,283$43,892$33,899
12 years$62,802$55,558$49,051$43,228$38,036$28,572
13 years$57,377$50,208$43,824$38,164$33,168$24,218
14 years$52,730$45,638$39,376$33,877$29,075$20,623
15 years$48,707$41,691$35,551$30,213$25,600$17,629
16 years$45,190$38,251$32,232$27,052$22,625$15,118
17 years$42,090$35,227$29,330$24,306$20,061$13,000
18 years$39,337$32,552$26,775$21,905$17,837$11,204
19 years$36,878$30,169$24,511$19,793$15,899$9,675
20 years$34,667$28,034$22,495$17,926$14,201$8,369
21 years$32,669$26,113$20,691$16,269$12,708$7,249
22 years$30,855$24,375$19,070$14,792$11,391$6,287
23 years$29,201$22,798$17,608$13,472$10,225$5,458
24 years$27,688$21,360$16,284$12,287$9,191$4,742
25 years$26,297$20,045$15,082$11,221$8,270$4,124
26 years$25,016$18,839$13,988$10,260$7,450$3,589
27 years$23,831$17,730$12,989$9,391$6,716$3,125
28 years$22,734$16,707$12,075$8,604$6,060$2,722
29 years$21,713$15,761$11,237$7,890$5,472$2,372
30 years$20,763$14,885$10,467$7,241$4,945$2,068
31 years$19,875$14,071$9,758$6,651$4,470$1,804
32 years$19,045$13,314$9,104$6,112$4,044$1,574
33 years$18,267$12,609$8,501$5,621$3,660$1,373
34 years$17,536$11,950$7,943$5,172$3,313$1,199
35 years$16,848$11,334$7,426$4,761$3,001$1,046
36 years$16,200$10,758$6,947$4,384$2,719$914
37 years$15,588$10,218$6,502$4,040$2,464$798
38 years$15,010$9,710$6,089$3,723$2,234$697
39 years$14,463$9,234$5,704$3,433$2,026$609
40 years$13,945$8,785$5,347$3,167$1,838$532
41 years$13,453$8,363$5,014$2,922$1,667$464
42 years$12,986$7,964$4,703$2,696$1,513$406
43 years$12,542$7,588$4,413$2,489$1,373$355
44 years$12,119$7,233$4,142$2,298$1,246$310
45 years$11,716$6,898$3,890$2,122$1,131$271
46 years$11,332$6,580$3,653$1,961$1,027$237
47 years$10,965$6,279$3,432$1,811$933$207
48 years$10,615$5,994$3,225$1,674$847$181
49 years$10,279$5,724$3,032$1,547$769$158
50 years$9,959$5,468$2,850$1,430$699$138

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 $3,044 every year, while hoping to spend $30,397 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: 40/38/22 Blend
63$10,200,000$10,200,000$10,200,000$10,200,000
64$11,243,540$10,702,940$10,544,840$11,619,929
65$12,358,039$11,195,042$10,865,750$12,382,697
66$13,585,198$11,710,238$11,196,392$13,204,242
67$14,936,476$12,249,628$11,537,059$14,092,425
68$16,424,501$12,814,364$11,888,054$15,053,339
69$18,063,186$13,405,654$12,249,690$16,093,672
70$19,867,864$14,024,763$12,622,288$17,220,758
71$21,855,429$14,673,020$13,006,178$18,442,649
72$24,044,499$15,351,814$13,401,700$19,768,184
73$26,455,588$16,062,603$13,809,208$21,207,066
74$29,111,302$16,806,915$14,229,060$22,769,951
75$32,036,553$17,586,351$14,661,632$24,468,545
76$35,258,789$18,402,591$15,107,305$26,315,701
77$38,808,261$19,257,393$15,566,475$28,325,547
78$42,718,301$20,152,603$16,039,549$30,513,603
79$47,025,641$21,090,153$16,526,947$32,896,926
80$51,770,756$22,072,071$17,029,099$35,494,264
81$56,998,251$23,100,480$17,546,452$38,326,227
82$62,757,277$24,177,608$18,079,462$41,415,473
83$69,101,997$25,305,789$18,628,603$44,786,914
84$76,092,099$26,487,470$19,194,359$48,467,948
85$83,793,355$27,725,218$19,777,231$52,488,703
86$92,278,244$29,021,720$20,377,735$56,882,317
87$101,626,637$30,379,797$20,996,402$61,685,242
88$111,926,552$31,802,405$21,633,779$66,937,579
89$123,274,978$33,292,641$22,290,429$72,683,445
90$135,778,800$34,853,754$22,966,932$78,971,380
91$149,555,799$36,489,149$23,663,886$85,854,797
92$164,735,770$38,202,397$24,381,906$93,392,472
93$181,461,745$39,997,241$25,121,625$101,649,089
94$199,891,341$41,877,604$25,883,698$110,695,840
95$220,198,251$43,847,600$26,668,796$120,611,081
96$242,573,884$45,911,544$27,477,611$131,481,062
97$267,229,166$48,073,955$28,310,857$143,400,724
98$294,396,539$50,339,577$29,169,269$156,474,584
99$324,332,148$52,713,379$30,053,602$170,817,706
100$357,318,266$55,200,572$30,964,636$186,556,769