Can I retire at age 64 with 10,500,000?

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 $10,500,000?

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$867,080$859,357$851,821$844,466$837,285$825,796
2 years$429,248$421,253$413,506$405,993$398,707$387,152
3 years$283,323$275,294$267,565$260,124$252,956$241,695
4 years$210,374$202,370$194,719$187,405$180,410$169,529
5 years$166,617$158,661$151,110$143,945$137,145$126,676
6 years$137,455$129,558$122,119$115,114$108,518$98,473
7 years$116,633$108,803$101,482$94,641$88,254$78,637
8 years$101,023$93,264$86,065$79,392$73,216$64,025
9 years$88,889$81,203$74,127$67,625$61,658$52,890
10 years$79,187$71,577$64,626$58,293$52,536$44,184
11 years$71,255$63,720$56,896$50,732$45,183$37,239
12 years$64,649$57,192$50,493$44,499$39,154$31,609
13 years$59,064$51,685$45,113$39,286$34,143$26,987
14 years$54,281$46,980$40,534$34,874$29,930$23,151
15 years$50,139$42,917$36,597$31,101$26,353$19,940
16 years$46,519$39,376$33,180$27,848$23,290$17,232
17 years$43,328$36,264$30,193$25,021$20,651$14,934
18 years$40,494$33,509$27,562$22,549$18,362$12,974
19 years$37,962$31,056$25,232$20,375$16,366$11,294
20 years$35,686$28,859$23,156$18,453$14,619$9,850
21 years$33,630$26,881$21,299$16,748$13,082$8,603
22 years$31,762$25,092$19,631$15,227$11,726$7,524
23 years$30,060$23,468$18,125$13,868$10,526$6,588
24 years$28,502$21,988$16,763$12,648$9,461$5,774
25 years$27,071$20,635$15,526$11,551$8,514$5,065
26 years$25,752$19,393$14,399$10,562$7,669$4,446
27 years$24,532$18,251$13,371$9,668$6,914$3,906
28 years$23,402$17,198$12,430$8,858$6,239$3,433
29 years$22,352$16,225$11,567$8,123$5,633$3,019
30 years$21,373$15,322$10,775$7,454$5,090$2,656
31 years$20,460$14,485$10,045$6,846$4,602$2,337
32 years$19,605$13,706$9,372$6,292$4,163$2,058
33 years$18,804$12,979$8,751$5,786$3,767$1,812
34 years$18,051$12,301$8,176$5,324$3,411$1,597
35 years$17,344$11,668$7,644$4,901$3,089$1,407
36 years$16,676$11,074$7,151$4,513$2,799$1,240
37 years$16,047$10,518$6,693$4,158$2,537$1,093
38 years$15,452$9,996$6,268$3,833$2,300$963
39 years$14,889$9,505$5,872$3,534$2,086$849
40 years$14,355$9,043$5,504$3,260$1,892$749
41 years$13,849$8,608$5,161$3,008$1,716$661
42 years$13,368$8,198$4,841$2,776$1,557$583
43 years$12,911$7,811$4,543$2,562$1,413$514
44 years$12,475$7,446$4,264$2,366$1,283$453
45 years$12,061$7,100$4,004$2,185$1,165$400
46 years$11,665$6,773$3,761$2,018$1,057$353
47 years$11,288$6,464$3,533$1,865$960$311
48 years$10,927$6,171$3,320$1,723$872$275
49 years$10,582$5,893$3,121$1,592$792$242
50 years$10,252$5,629$2,934$1,472$719$214

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $10,500,000, adding $2,719 every year, while hoping to spend $49,668 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: 75/9/16 Blend
63$10,500,000$10,500,000$10,500,000$10,500,000
64$11,573,805$11,017,305$10,854,555$12,400,560
65$12,701,486$11,504,306$11,165,336$13,434,759
66$13,942,527$12,013,506$11,484,864$14,561,533
67$15,308,437$12,545,940$11,813,378$15,795,196
68$16,811,898$13,102,692$12,151,127$17,146,373
69$18,466,885$13,684,897$12,498,364$18,626,762
70$20,288,797$14,293,746$12,855,348$20,249,247
71$22,294,599$14,930,485$13,222,348$22,028,012
72$24,502,988$15,596,419$13,599,636$23,978,678
73$26,934,565$16,292,916$13,987,496$26,118,447
74$29,612,029$17,021,407$14,386,216$28,466,265
75$32,560,394$17,783,394$14,796,092$31,042,994
76$35,807,222$18,580,448$15,217,429$33,871,616
77$39,382,885$19,414,216$15,650,539$36,977,438
78$43,320,850$20,286,424$16,095,743$40,388,339
79$47,657,997$21,198,879$16,553,370$44,135,024
80$52,434,963$22,153,474$17,023,758$48,251,314
81$57,696,528$23,152,193$17,507,254$52,774,467
82$63,492,039$24,197,116$18,004,212$57,745,521
83$69,875,872$25,290,419$18,514,998$63,209,684
84$76,907,947$26,434,386$19,039,986$69,216,759
85$84,654,292$27,631,405$19,579,560$75,821,607
86$93,187,669$28,883,983$20,134,115$83,084,667
87$102,588,258$30,194,745$20,704,054$91,072,524
88$112,944,414$31,566,441$21,289,793$99,858,530
89$124,353,500$33,001,952$21,891,757$109,523,500
90$136,922,809$34,504,300$22,510,383$120,156,469
91$150,770,572$36,076,648$23,146,118$131,855,528
92$166,027,080$37,722,312$23,799,422$144,728,750
93$182,835,905$39,444,769$24,470,765$158,895,206
94$201,355,263$41,247,658$25,160,632$174,486,085
95$221,759,503$43,134,797$25,869,517$191,645,929
96$244,240,756$45,110,185$26,597,929$210,533,995
97$269,010,742$47,178,014$27,346,388$231,325,753
98$296,302,776$49,342,675$28,115,431$254,214,541
99$326,373,965$51,608,771$28,905,603$279,413,383
100$359,507,637$53,981,129$29,717,468$307,157,000