Can I retire at age 64 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$850,564$842,988$835,596$828,381$821,336$788,438
2 years$421,071$413,229$405,629$398,260$391,113$358,381
3 years$277,926$270,050$262,469$255,169$248,138$216,604
4 years$206,367$198,515$191,010$183,835$176,974$146,877
5 years$163,443$155,638$148,232$141,203$134,533$105,950
6 years$134,836$127,090$119,793$112,921$106,451$79,400
7 years$114,411$106,730$99,549$92,839$86,573$61,044
8 years$99,099$91,488$84,425$77,880$71,821$47,787
9 years$87,196$79,656$72,715$66,337$60,484$37,908
10 years$77,679$70,213$63,395$57,183$51,535$30,373
11 years$69,898$62,507$55,812$49,766$44,322$24,523
12 years$63,418$56,103$49,532$43,652$38,408$19,920
13 years$57,939$50,700$44,253$38,538$33,493$16,258
14 years$53,247$46,085$39,762$34,210$29,360$13,319
15 years$49,184$42,100$35,900$30,509$25,851$10,945
16 years$45,633$38,626$32,548$27,317$22,847$9,017
17 years$42,503$35,573$29,618$24,544$20,258$7,443
18 years$39,723$32,871$27,037$22,120$18,012$6,154
19 years$37,239$30,464$24,751$19,987$16,055$5,095
20 years$35,006$28,309$22,715$18,102$14,340$4,223
21 years$32,989$26,369$20,894$16,429$12,833$3,504
22 years$31,157$24,614$19,257$14,937$11,503$2,909
23 years$29,487$23,021$17,780$13,604$10,326$2,417
24 years$27,959$21,569$16,444$12,407$9,281$2,009
25 years$26,555$20,242$15,230$11,331$8,351$1,670
26 years$25,261$19,024$14,125$10,361$7,523$1,390
27 years$24,065$17,904$13,116$9,483$6,782$1,156
28 years$22,956$16,871$12,193$8,689$6,120$962
29 years$21,926$15,916$11,347$7,968$5,526$801
30 years$20,966$15,031$10,569$7,312$4,993$667
31 years$20,070$14,209$9,854$6,716$4,514$556
32 years$19,232$13,444$9,194$6,172$4,083$463
33 years$18,446$12,732$8,584$5,676$3,696$385
34 years$17,708$12,067$8,020$5,222$3,346$321
35 years$17,013$11,446$7,499$4,807$3,030$267
36 years$16,359$10,863$7,015$4,427$2,746$223
37 years$15,741$10,318$6,566$4,079$2,489$186
38 years$15,158$9,806$6,148$3,760$2,256$155
39 years$14,605$9,324$5,760$3,467$2,046$129
40 years$14,082$8,871$5,399$3,198$1,856$107
41 years$13,585$8,445$5,063$2,950$1,684$89
42 years$13,113$8,042$4,749$2,723$1,528$75
43 years$12,665$7,663$4,456$2,513$1,386$62
44 years$12,238$7,304$4,183$2,321$1,258$52
45 years$11,831$6,965$3,928$2,143$1,142$43
46 years$11,443$6,644$3,689$1,980$1,037$36
47 years$11,073$6,341$3,466$1,829$942$30
48 years$10,719$6,053$3,257$1,690$855$25
49 years$10,380$5,780$3,061$1,562$777$21
50 years$10,056$5,522$2,878$1,444$706$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $10,300,000, adding $4,130 every year, while hoping to spend $37,949 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: 22/48/30 Blend
63$10,300,000$10,300,000$10,300,000$10,300,000
64$11,354,860$10,808,960$10,649,310$11,496,980
65$12,472,678$11,298,222$10,965,685$12,114,929
66$13,703,242$11,810,185$11,291,386$12,772,105
67$15,058,012$12,345,923$11,626,686$13,474,344
68$16,549,614$12,906,559$11,971,865$14,225,358
69$18,191,964$13,493,270$12,327,212$15,029,203
70$20,000,395$14,107,289$12,693,023$15,890,311
71$21,991,799$14,749,911$13,069,604$16,813,522
72$24,184,795$15,422,489$13,457,268$17,804,129
73$26,599,896$16,126,443$13,856,339$18,867,922
74$29,259,708$16,863,261$14,267,148$20,011,232
75$32,189,139$17,634,501$14,690,038$21,240,989
76$35,415,637$18,441,798$15,125,361$22,564,780
77$38,969,449$19,286,864$15,573,478$23,990,913
78$42,883,905$20,171,492$16,034,761$25,528,486
79$47,195,732$21,097,563$16,509,594$27,187,469
80$51,945,401$22,067,049$16,998,371$28,978,790
81$57,177,512$23,082,014$17,501,496$30,914,425
82$62,941,209$24,144,623$18,019,386$33,007,510
83$69,290,648$25,257,146$18,552,472$35,272,449
84$76,285,507$26,421,959$19,101,192$37,725,044
85$83,991,549$27,641,555$19,666,002$40,382,636
86$92,481,242$28,918,546$20,247,369$43,264,253
87$101,834,444$30,255,670$20,845,771$46,390,783
88$112,139,156$31,655,797$21,461,704$49,785,161
89$123,492,354$33,121,935$22,095,674$53,472,568
90$136,000,900$34,657,236$22,748,206$57,480,662
91$149,782,557$36,265,005$23,419,835$61,839,824
92$164,967,093$37,948,706$24,111,115$66,583,431
93$181,697,514$39,711,970$24,822,615$71,748,158
94$200,131,407$41,558,603$25,554,919$77,374,308
95$220,442,430$43,492,595$26,308,629$83,506,179
96$242,821,953$45,518,127$27,084,363$90,192,463
97$267,480,861$47,639,583$27,882,757$97,486,693
98$294,651,545$49,861,560$28,704,466$105,447,726
99$324,590,101$52,188,874$29,550,163$114,140,286
100$357,578,737$54,626,575$30,420,541$123,635,547