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

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$858,822$851,172$843,709$836,424$829,311$811,571
2 years$425,160$417,241$409,567$402,127$394,910$377,124
3 years$280,624$272,672$265,017$257,647$250,547$233,270
4 years$208,371$200,443$192,865$185,620$178,692$162,057
5 years$165,030$157,149$149,671$142,574$135,839$119,893
6 years$136,145$128,324$120,956$114,017$107,485$92,245
7 years$115,522$107,767$100,515$93,740$87,414$72,882
8 years$100,061$92,376$85,245$78,636$72,518$58,691
9 years$88,043$80,430$73,421$66,981$61,071$47,938
10 years$78,433$70,895$64,010$57,738$52,035$39,583
11 years$70,576$63,114$56,354$50,249$44,752$32,965
12 years$64,033$56,647$50,013$44,075$38,781$27,640
13 years$58,502$51,193$44,683$38,912$33,818$23,304
14 years$53,764$46,533$40,148$34,542$29,645$19,738
15 years$49,662$42,508$36,248$30,805$26,102$16,779
16 years$46,076$39,001$32,864$27,583$23,069$14,308
17 years$42,915$35,918$29,905$24,783$20,454$12,233
18 years$40,109$33,190$27,299$22,334$18,187$10,482
19 years$37,601$30,760$24,991$20,181$16,210$8,998
20 years$35,346$28,584$22,936$18,278$14,479$7,736
21 years$33,309$26,625$21,097$16,588$12,957$6,660
22 years$31,460$24,853$19,444$15,082$11,615$5,741
23 years$29,774$23,245$17,953$13,736$10,426$4,953
24 years$28,230$21,779$16,603$12,528$9,371$4,277
25 years$26,813$20,438$15,378$11,441$8,432$3,696
26 years$25,506$19,209$14,262$10,461$7,596$3,195
27 years$24,299$18,078$13,244$9,575$6,848$2,764
28 years$23,179$17,034$12,312$8,773$6,179$2,392
29 years$22,139$16,070$11,457$8,045$5,580$2,071
30 years$21,170$15,176$10,672$7,383$5,042$1,794
31 years$20,265$14,347$9,949$6,781$4,558$1,554
32 years$19,418$13,575$9,283$6,232$4,123$1,347
33 years$18,625$12,856$8,667$5,731$3,731$1,168
34 years$17,880$12,184$8,098$5,273$3,378$1,012
35 years$17,178$11,557$7,571$4,854$3,060$878
36 years$16,518$10,969$7,083$4,470$2,772$761
37 years$15,894$10,418$6,629$4,119$2,513$660
38 years$15,305$9,901$6,208$3,796$2,278$573
39 years$14,747$9,415$5,816$3,501$2,066$497
40 years$14,218$8,957$5,452$3,229$1,874$431
41 years$13,717$8,527$5,112$2,979$1,700$374
42 years$13,241$8,120$4,795$2,749$1,543$325
43 years$12,788$7,737$4,500$2,538$1,400$282
44 years$12,357$7,375$4,224$2,343$1,271$244
45 years$11,946$7,033$3,966$2,164$1,154$212
46 years$11,554$6,709$3,725$1,999$1,047$184
47 years$11,180$6,402$3,499$1,847$951$160
48 years$10,823$6,112$3,288$1,707$864$139
49 years$10,481$5,837$3,091$1,577$784$120
50 years$10,154$5,575$2,906$1,458$713$104

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 $6,856 every year, while hoping to spend $21,441 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: 64/27/9 Blend
63$10,400,000$10,400,000$10,400,000$10,400,000
64$11,467,872$10,916,672$10,755,472$12,179,833
65$12,614,782$11,428,776$11,092,967$13,167,598
66$13,877,958$11,965,254$11,441,050$14,242,873
67$15,269,237$12,527,279$11,800,052$15,416,749
68$16,801,661$13,116,078$12,170,316$16,698,806
69$18,489,605$13,732,939$12,552,196$18,099,577
70$20,348,905$14,379,214$12,946,055$19,630,649
71$22,397,014$15,056,316$13,352,269$21,304,768
72$24,653,165$15,765,731$13,771,225$23,135,954
73$27,138,550$16,509,015$14,203,324$25,139,631
74$29,876,524$17,287,798$14,648,977$27,332,771
75$32,892,822$18,103,792$15,108,609$29,734,050
76$36,215,801$18,958,790$15,582,660$32,364,015
77$39,876,714$19,854,672$16,071,580$35,245,284
78$43,909,997$20,793,409$16,575,836$38,402,745
79$48,353,600$21,777,069$17,095,910$41,863,793
80$53,249,341$22,807,819$17,632,296$45,658,583
81$58,643,303$23,887,932$18,185,508$49,820,307
82$64,586,269$25,019,789$18,756,071$54,385,505
83$71,134,200$26,205,890$19,344,531$59,394,404
84$78,348,764$27,448,855$19,951,448$64,891,292
85$86,297,918$28,751,429$20,577,402$70,924,928
86$95,056,549$30,116,493$21,222,989$77,549,001
87$104,707,183$31,547,067$21,888,825$84,822,626
88$115,340,760$33,046,317$22,575,545$92,810,899
89$127,057,495$34,617,564$23,283,803$101,585,500
90$139,967,824$36,264,289$24,014,275$111,225,368
91$154,193,446$37,990,144$24,767,658$121,817,431
92$169,868,473$39,798,956$25,544,669$133,457,429
93$187,140,692$41,694,739$26,346,050$146,250,798
94$206,172,964$43,681,704$27,172,565$160,313,665
95$227,144,762$45,764,263$28,025,002$175,773,931
96$250,253,862$47,947,045$28,904,173$192,772,471
97$275,718,210$50,234,905$29,810,917$211,464,451
98$303,777,983$52,632,931$30,746,098$232,020,784
99$334,697,852$55,146,460$31,710,608$254,629,734
100$368,769,486$57,781,089$32,705,366$279,498,678