Can I retire at age 64 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$875,338$867,541$859,934$852,509$845,259$835,736
2 years$433,336$425,265$417,444$409,860$402,504$392,918
3 years$286,021$277,916$270,114$262,601$255,365$246,013
4 years$212,378$204,297$196,574$189,189$182,129$173,082
5 years$168,204$160,172$152,549$145,316$138,451$129,737
6 years$138,764$130,792$123,282$116,210$109,552$101,180
7 years$117,743$109,839$102,448$95,543$89,095$81,069
8 years$101,985$94,152$86,884$80,148$73,913$66,233
9 years$89,736$81,977$74,833$68,269$62,245$54,908
10 years$79,942$72,258$65,241$58,848$53,036$46,037
11 years$71,933$64,327$57,438$51,216$45,613$38,945
12 years$65,265$57,737$50,974$44,923$39,527$33,185
13 years$59,627$52,177$45,542$39,660$34,468$28,443
14 years$54,798$47,428$40,920$35,206$30,215$24,498
15 years$50,617$43,326$36,945$31,398$26,603$21,186
16 years$46,962$39,751$33,496$28,113$23,512$18,385
17 years$43,741$36,609$30,480$25,259$20,848$16,001
18 years$40,880$33,828$27,824$22,764$18,537$13,961
19 years$38,324$31,352$25,472$20,569$16,522$12,207
20 years$36,026$29,134$23,377$18,629$14,758$10,693
21 years$33,950$27,137$21,502$16,907$13,207$9,381
22 years$32,065$25,331$19,818$15,373$11,838$8,242
23 years$30,346$23,692$18,298$14,000$10,626$7,250
24 years$28,773$22,198$16,923$12,769$9,551$6,384
25 years$27,328$20,831$15,674$11,661$8,595$5,626
26 years$25,997$19,578$14,537$10,662$7,742$4,962
27 years$24,766$18,425$13,499$9,760$6,980$4,380
28 years$23,625$17,362$12,549$8,942$6,298$3,869
29 years$22,565$16,379$11,678$8,200$5,687$3,419
30 years$21,577$15,468$10,877$7,525$5,139$3,022
31 years$20,655$14,623$10,141$6,912$4,646$2,673
32 years$19,792$13,836$9,461$6,352$4,202$2,365
33 years$18,983$13,103$8,834$5,841$3,803$2,093
34 years$18,223$12,419$8,254$5,374$3,443$1,853
35 years$17,509$11,779$7,717$4,947$3,119$1,641
36 years$16,835$11,180$7,219$4,556$2,826$1,454
37 years$16,200$10,618$6,757$4,198$2,561$1,288
38 years$15,599$10,091$6,328$3,869$2,322$1,141
39 years$15,031$9,596$5,928$3,568$2,106$1,011
40 years$14,492$9,130$5,556$3,291$1,910$897
41 years$13,981$8,690$5,210$3,036$1,733$795
42 years$13,495$8,277$4,887$2,802$1,572$705
43 years$13,034$7,886$4,586$2,587$1,427$625
44 years$12,594$7,517$4,305$2,388$1,295$554
45 years$12,176$7,168$4,042$2,206$1,176$491
46 years$11,776$6,838$3,796$2,037$1,068$436
47 years$11,395$6,526$3,567$1,882$969$386
48 years$11,031$6,230$3,352$1,739$880$343
49 years$10,683$5,949$3,150$1,607$800$304
50 years$10,349$5,683$2,962$1,486$726$270

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $10,600,000, adding $5,016 every year, while hoping to spend $31,399 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: 59/15/26 Blend
63$10,600,000$10,600,000$10,600,000$10,600,000
64$11,686,374$11,124,574$10,960,274$12,293,439
65$12,844,976$11,636,270$11,294,035$13,219,881
66$14,120,703$12,171,986$11,637,924$14,226,115
67$15,525,468$12,732,868$11,992,249$15,323,013
68$17,072,400$13,320,112$12,357,323$16,519,385
69$18,775,964$13,934,977$12,733,473$17,824,920
70$20,652,100$14,578,779$13,121,032$19,250,280
71$22,718,373$15,252,898$13,520,345$20,807,195
72$24,994,139$15,958,781$13,931,768$22,508,573
73$27,500,725$16,697,945$14,355,666$24,368,618
74$30,261,634$17,471,979$14,792,416$26,402,962
75$33,302,764$18,282,550$15,242,406$28,628,811
76$36,652,655$19,131,404$15,706,035$31,065,101
77$40,342,755$20,020,372$16,183,716$33,732,680
78$44,407,717$20,951,372$16,675,873$36,654,494
79$48,885,731$21,926,416$17,182,941$39,855,806
80$53,818,878$22,947,612$17,705,372$43,364,431
81$59,253,531$24,017,172$18,243,629$47,210,991
82$65,240,789$25,137,411$18,798,188$51,429,204
83$71,836,964$26,310,760$19,369,543$56,056,197
84$79,104,111$27,539,763$19,958,198$61,132,851
85$87,110,609$28,827,090$20,564,677$66,704,189
86$95,931,813$30,175,540$21,189,516$72,819,787
87$105,650,762$31,588,045$21,833,268$79,534,248
88$116,358,961$33,067,681$22,496,504$86,907,702
89$128,157,249$34,617,671$23,179,811$95,006,379
90$141,156,747$36,241,396$23,883,793$103,903,222
91$155,479,909$37,942,398$24,609,074$113,678,573
92$171,261,677$39,724,392$25,356,295$124,420,924
93$188,650,753$41,591,272$26,126,116$136,227,752
94$207,811,007$43,547,122$26,919,219$149,206,425
95$228,923,021$45,596,222$27,736,303$163,475,215
96$252,185,791$47,743,059$28,578,092$179,164,409
97$277,818,612$49,992,339$29,445,327$196,417,525
98$306,063,141$52,348,994$30,338,777$215,392,668
99$337,185,684$54,818,197$31,259,228$236,264,010
100$371,479,705$57,405,371$32,207,494$259,223,427