Can I retire at age 64 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$858,822$851,172$843,709$836,424$829,311$817,931
2 years$425,160$417,241$409,567$402,127$394,910$383,465
3 years$280,624$272,672$265,017$257,647$250,547$239,393
4 years$208,371$200,443$192,865$185,620$178,692$167,915
5 years$165,030$157,149$149,671$142,574$135,839$125,469
6 years$136,145$128,324$120,956$114,017$107,485$97,535
7 years$115,522$107,767$100,515$93,740$87,414$77,888
8 years$100,061$92,376$85,245$78,636$72,518$63,415
9 years$88,043$80,430$73,421$66,981$61,071$52,386
10 years$78,433$70,895$64,010$57,738$52,035$43,763
11 years$70,576$63,114$56,354$50,249$44,752$36,884
12 years$64,033$56,647$50,013$44,075$38,781$31,308
13 years$58,502$51,193$44,683$38,912$33,818$26,730
14 years$53,764$46,533$40,148$34,542$29,645$22,931
15 years$49,662$42,508$36,248$30,805$26,102$19,750
16 years$46,076$39,001$32,864$27,583$23,069$17,068
17 years$42,915$35,918$29,905$24,783$20,454$14,792
18 years$40,109$33,190$27,299$22,334$18,187$12,851
19 years$37,601$30,760$24,991$20,181$16,210$11,187
20 years$35,346$28,584$22,936$18,278$14,479$9,756
21 years$33,309$26,625$21,097$16,588$12,957$8,521
22 years$31,460$24,853$19,444$15,082$11,615$7,452
23 years$29,774$23,245$17,953$13,736$10,426$6,525
24 years$28,230$21,779$16,603$12,528$9,371$5,719
25 years$26,813$20,438$15,378$11,441$8,432$5,016
26 years$25,506$19,209$14,262$10,461$7,596$4,404
27 years$24,299$18,078$13,244$9,575$6,848$3,868
28 years$23,179$17,034$12,312$8,773$6,179$3,400
29 years$22,139$16,070$11,457$8,045$5,580$2,990
30 years$21,170$15,176$10,672$7,383$5,042$2,631
31 years$20,265$14,347$9,949$6,781$4,558$2,315
32 years$19,418$13,575$9,283$6,232$4,123$2,038
33 years$18,625$12,856$8,667$5,731$3,731$1,795
34 years$17,880$12,184$8,098$5,273$3,378$1,581
35 years$17,178$11,557$7,571$4,854$3,060$1,393
36 years$16,518$10,969$7,083$4,470$2,772$1,228
37 years$15,894$10,418$6,629$4,119$2,513$1,082
38 years$15,305$9,901$6,208$3,796$2,278$954
39 years$14,747$9,415$5,816$3,501$2,066$841
40 years$14,218$8,957$5,452$3,229$1,874$742
41 years$13,717$8,527$5,112$2,979$1,700$654
42 years$13,241$8,120$4,795$2,749$1,543$577
43 years$12,788$7,737$4,500$2,538$1,400$509
44 years$12,357$7,375$4,224$2,343$1,271$449
45 years$11,946$7,033$3,966$2,164$1,154$396
46 years$11,554$6,709$3,725$1,999$1,047$349
47 years$11,180$6,402$3,499$1,847$951$308
48 years$10,823$6,112$3,288$1,707$864$272
49 years$10,481$5,837$3,091$1,577$784$240
50 years$10,154$5,575$2,906$1,458$713$212

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $10,400,000, adding $6,561 every year, while hoping to spend $26,747 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: 50/36/14 Blend
63$10,400,000$10,400,000$10,400,000$10,400,000
64$11,467,568$10,916,368$10,755,168$11,996,756
65$12,608,801$11,422,811$11,087,007$12,867,426
66$13,865,544$11,953,174$11,429,067$13,809,735
67$15,249,549$12,508,600$11,781,661$14,833,158
68$16,773,770$13,090,287$12,145,113$15,945,330
69$18,452,477$13,699,494$12,519,757$17,154,638
70$20,301,397$14,337,537$12,905,936$18,470,294
71$22,337,861$15,005,797$13,304,006$19,902,421
72$24,580,964$15,705,723$13,714,332$21,462,140
73$27,051,749$16,438,830$14,137,289$23,161,673
74$29,773,406$17,206,711$14,573,267$25,014,454
75$32,771,487$18,011,034$15,022,665$27,035,251
76$36,074,150$18,853,545$15,485,895$29,240,299
77$39,712,423$19,736,079$15,963,382$31,647,448
78$43,720,500$20,660,556$16,455,565$34,276,327
79$48,136,059$21,628,991$16,962,894$37,148,523
80$53,000,620$22,643,496$17,485,835$40,287,780
81$58,359,940$23,706,284$18,024,867$43,720,214
82$64,264,438$24,819,676$18,580,484$47,474,554
83$70,769,676$25,986,105$19,153,196$51,582,407
84$77,936,882$27,208,123$19,743,526$56,078,550
85$85,833,526$28,488,404$20,352,017$61,001,248
86$94,533,962$29,829,751$20,979,226$66,392,607
87$104,120,122$31,235,105$21,625,726$72,298,967
88$114,682,297$32,707,548$22,292,111$78,771,329
89$126,319,985$34,250,311$22,978,990$85,865,822
90$139,142,830$35,866,783$23,686,992$93,644,233
91$153,271,658$37,560,515$24,416,766$102,174,573
92$168,839,619$39,335,232$25,168,980$111,531,708
93$185,993,441$41,194,839$25,944,321$121,798,062
94$204,894,817$43,143,431$26,743,501$133,064,377
95$225,721,929$45,185,300$27,567,249$145,430,557
96$248,671,134$47,324,948$28,416,320$159,006,604
97$273,958,813$49,567,094$29,291,490$173,913,639
98$301,823,417$51,916,686$30,193,560$190,285,034
99$332,527,716$54,378,914$31,123,354$208,267,653
100$366,361,280$56,959,218$32,081,724$228,023,228