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

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$867,080$859,357$851,821$844,466$837,285$822,737
2 years$429,248$421,253$413,506$405,993$398,707$384,098
3 years$283,323$275,294$267,565$260,124$252,956$238,740
4 years$210,374$202,370$194,719$187,405$180,410$166,697
5 years$166,617$158,661$151,110$143,945$137,145$123,974
6 years$137,455$129,558$122,119$115,114$108,518$95,904
7 years$116,633$108,803$101,482$94,641$88,254$76,201
8 years$101,023$93,264$86,065$79,392$73,216$61,720
9 years$88,889$81,203$74,127$67,625$61,658$50,714
10 years$79,187$71,577$64,626$58,293$52,536$42,134
11 years$71,255$63,720$56,896$50,732$45,183$35,312
12 years$64,649$57,192$50,493$44,499$39,154$29,801
13 years$59,064$51,685$45,113$39,286$34,143$25,293
14 years$54,281$46,980$40,534$34,874$29,930$21,567
15 years$50,139$42,917$36,597$31,101$26,353$18,462
16 years$46,519$39,376$33,180$27,848$23,290$15,855
17 years$43,328$36,264$30,193$25,021$20,651$13,653
18 years$40,494$33,509$27,562$22,549$18,362$11,784
19 years$37,962$31,056$25,232$20,375$16,366$10,191
20 years$35,686$28,859$23,156$18,453$14,619$8,828
21 years$33,630$26,881$21,299$16,748$13,082$7,658
22 years$31,762$25,092$19,631$15,227$11,726$6,652
23 years$30,060$23,468$18,125$13,868$10,526$5,784
24 years$28,502$21,988$16,763$12,648$9,461$5,034
25 years$27,071$20,635$15,526$11,551$8,514$4,384
26 years$25,752$19,393$14,399$10,562$7,669$3,821
27 years$24,532$18,251$13,371$9,668$6,914$3,333
28 years$23,402$17,198$12,430$8,858$6,239$2,908
29 years$22,352$16,225$11,567$8,123$5,633$2,538
30 years$21,373$15,322$10,775$7,454$5,090$2,217
31 years$20,460$14,485$10,045$6,846$4,602$1,937
32 years$19,605$13,706$9,372$6,292$4,163$1,692
33 years$18,804$12,979$8,751$5,786$3,767$1,479
34 years$18,051$12,301$8,176$5,324$3,411$1,293
35 years$17,344$11,668$7,644$4,901$3,089$1,131
36 years$16,676$11,074$7,151$4,513$2,799$989
37 years$16,047$10,518$6,693$4,158$2,537$865
38 years$15,452$9,996$6,268$3,833$2,300$757
39 years$14,889$9,505$5,872$3,534$2,086$662
40 years$14,355$9,043$5,504$3,260$1,892$580
41 years$13,849$8,608$5,161$3,008$1,716$507
42 years$13,368$8,198$4,841$2,776$1,557$444
43 years$12,911$7,811$4,543$2,562$1,413$388
44 years$12,475$7,446$4,264$2,366$1,283$340
45 years$12,061$7,100$4,004$2,185$1,165$298
46 years$11,665$6,773$3,761$2,018$1,057$261
47 years$11,288$6,464$3,533$1,865$960$228
48 years$10,927$6,171$3,320$1,723$872$200
49 years$10,582$5,893$3,121$1,592$792$175
50 years$10,252$5,629$2,934$1,472$719$153

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 $5,785 every year, while hoping to spend $51,833 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: 78/15/7 Blend
63$10,500,000$10,500,000$10,500,000$10,500,000
64$11,576,967$11,020,467$10,857,717$12,470,137
65$12,702,668$11,505,320$11,166,301$13,541,816
66$13,941,453$12,012,194$11,483,485$14,709,484
67$15,304,802$12,542,112$11,809,502$15,988,493
68$16,805,364$13,096,148$12,144,593$17,389,901
69$18,457,078$13,675,425$12,489,003$18,925,883
70$20,275,299$14,281,120$12,842,984$20,609,844
71$22,276,950$14,914,466$13,206,795$22,456,541
72$24,480,677$15,576,753$13,580,700$24,482,224
73$26,907,025$16,269,333$13,964,973$26,704,787
74$29,578,635$16,993,624$14,359,893$29,143,932
75$32,520,453$17,751,108$14,765,746$31,821,357
76$35,759,967$18,543,340$15,182,827$34,760,957
77$39,327,467$19,371,948$15,611,435$37,989,045
78$43,256,333$20,238,637$16,051,882$41,534,603
79$47,583,343$21,145,195$16,504,484$45,429,550
80$52,349,026$22,093,491$16,969,566$49,709,041
81$57,598,042$23,085,488$17,447,463$54,411,796
82$63,379,605$24,123,239$17,938,515$59,580,466
83$69,747,944$25,208,897$18,443,074$65,262,029
84$76,762,817$26,344,716$18,961,501$71,508,231
85$84,490,076$27,533,059$19,494,162$78,376,074
86$93,002,285$28,776,400$20,041,438$85,928,349
87$102,379,407$30,077,332$20,603,715$94,234,226
88$112,709,558$31,438,574$21,181,392$103,369,901
89$124,089,840$32,862,971$21,774,875$113,419,317
90$136,627,254$34,353,506$22,384,584$124,474,948
91$150,439,712$35,913,306$23,010,945$136,638,669
92$165,657,149$37,545,645$23,654,399$150,022,716
93$182,422,752$39,253,955$24,315,394$164,750,738
94$200,894,306$41,041,832$24,994,394$180,958,961
95$221,245,688$42,913,045$25,691,869$198,797,471
96$243,668,507$44,871,543$26,408,305$218,431,622
97$268,373,909$46,921,463$27,144,197$240,043,596
98$295,594,575$49,067,142$27,900,056$263,834,116
99$325,586,916$51,313,126$28,676,401$290,024,333
100$358,633,488$53,664,176$29,473,768$318,857,913