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

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$850,564$842,988$835,596$828,381$821,336$795,682
2 years$421,071$413,229$405,629$398,260$391,113$365,495
3 years$277,926$270,050$262,469$255,169$248,138$223,360
4 years$206,367$198,515$191,010$183,835$176,974$153,226
5 years$163,443$155,638$148,232$141,203$134,533$111,879
6 years$134,836$127,090$119,793$112,921$106,451$84,911
7 years$114,411$106,730$99,549$92,839$86,573$66,144
8 years$99,099$91,488$84,425$77,880$71,821$52,490
9 years$87,196$79,656$72,715$66,337$60,484$42,230
10 years$77,679$70,213$63,395$57,183$51,535$34,331
11 years$69,898$62,507$55,812$49,766$44,322$28,137
12 years$63,418$56,103$49,532$43,652$38,408$23,208
13 years$57,939$50,700$44,253$38,538$33,493$19,241
14 years$53,247$46,085$39,762$34,210$29,360$16,019
15 years$49,184$42,100$35,900$30,509$25,851$13,381
16 years$45,633$38,626$32,548$27,317$22,847$11,208
17 years$42,503$35,573$29,618$24,544$20,258$9,410
18 years$39,723$32,871$27,037$22,120$18,012$7,916
19 years$37,239$30,464$24,751$19,987$16,055$6,669
20 years$35,006$28,309$22,715$18,102$14,340$5,626
21 years$32,989$26,369$20,894$16,429$12,833$4,751
22 years$31,157$24,614$19,257$14,937$11,503$4,016
23 years$29,487$23,021$17,780$13,604$10,326$3,398
24 years$27,959$21,569$16,444$12,407$9,281$2,876
25 years$26,555$20,242$15,230$11,331$8,351$2,436
26 years$25,261$19,024$14,125$10,361$7,523$2,065
27 years$24,065$17,904$13,116$9,483$6,782$1,750
28 years$22,956$16,871$12,193$8,689$6,120$1,484
29 years$21,926$15,916$11,347$7,968$5,526$1,259
30 years$20,966$15,031$10,569$7,312$4,993$1,068
31 years$20,070$14,209$9,854$6,716$4,514$907
32 years$19,232$13,444$9,194$6,172$4,083$770
33 years$18,446$12,732$8,584$5,676$3,696$653
34 years$17,708$12,067$8,020$5,222$3,346$555
35 years$17,013$11,446$7,499$4,807$3,030$471
36 years$16,359$10,863$7,015$4,427$2,746$400
37 years$15,741$10,318$6,566$4,079$2,489$340
38 years$15,158$9,806$6,148$3,760$2,256$288
39 years$14,605$9,324$5,760$3,467$2,046$245
40 years$14,082$8,871$5,399$3,198$1,856$208
41 years$13,585$8,445$5,063$2,950$1,684$177
42 years$13,113$8,042$4,749$2,723$1,528$150
43 years$12,665$7,663$4,456$2,513$1,386$128
44 years$12,238$7,304$4,183$2,321$1,258$108
45 years$11,831$6,965$3,928$2,143$1,142$92
46 years$11,443$6,644$3,689$1,980$1,037$78
47 years$11,073$6,341$3,466$1,829$942$66
48 years$10,719$6,053$3,257$1,690$855$56
49 years$10,380$5,780$3,061$1,562$777$48
50 years$10,056$5,522$2,878$1,444$706$41

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 $2,659 every year, while hoping to spend $40,692 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: 58/31/11 Blend
63$10,300,000$10,300,000$10,300,000$10,300,000
64$11,353,343$10,807,443$10,647,793$11,981,355
65$12,468,088$11,293,711$10,961,198$12,891,207
66$13,695,173$11,802,444$11,283,738$13,877,720
67$15,046,014$12,334,697$11,615,677$14,952,053
68$16,533,190$12,891,579$11,957,284$16,122,638
69$18,170,561$13,474,252$12,308,839$17,398,743
70$19,973,399$14,083,932$12,670,627$18,790,557
71$21,958,535$14,721,894$13,042,941$20,309,286
72$24,144,512$15,389,473$13,426,086$21,967,251
73$26,551,764$16,088,068$13,820,372$23,778,003
74$29,202,807$16,819,148$14,226,118$25,756,448
75$32,122,455$17,584,247$14,643,654$27,918,980
76$35,338,046$18,384,976$15,073,318$30,283,638
77$38,879,710$19,223,023$15,515,456$32,870,267
78$42,780,644$20,100,155$15,970,428$35,700,700
79$47,077,433$21,018,226$16,438,601$38,798,967
80$51,810,389$21,979,176$16,920,352$42,191,507
81$57,023,934$22,985,042$17,416,069$45,907,419
82$62,767,022$24,037,955$17,926,154$49,978,731
83$69,093,593$25,140,150$18,451,015$54,440,694
84$76,063,091$26,293,969$18,991,076$59,332,112
85$83,741,020$27,501,867$19,546,770$64,695,699
86$92,199,561$28,766,415$20,118,544$70,578,479
87$101,518,258$30,090,311$20,706,857$77,032,222
88$111,784,764$31,476,380$21,312,180$84,113,924
89$123,095,670$32,927,582$21,934,998$91,886,341
90$135,557,417$34,447,023$22,575,809$100,418,573
91$149,287,301$36,037,955$23,235,127$109,786,707
92$164,414,579$37,703,788$23,913,476$120,074,526
93$181,081,688$39,448,096$24,611,400$131,374,297
94$199,445,593$41,274,624$25,329,454$143,787,624
95$219,679,263$43,187,301$26,068,211$157,426,407
96$241,973,309$45,190,240$26,828,257$172,413,882
97$266,537,781$47,287,756$27,610,199$188,885,774
98$293,604,150$49,484,372$28,414,655$206,991,574
99$323,427,494$51,784,826$29,242,266$226,895,930
100$356,288,903$54,194,088$30,093,687$248,780,195