Can I retire at age 64 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$883,596$875,725$868,047$860,552$853,233$829,914
2 years$437,424$429,277$421,382$413,727$406,301$382,978
3 years$288,719$280,537$272,662$265,079$257,774$235,177
4 years$214,381$206,225$198,428$190,974$183,847$162,149
5 years$169,790$161,683$153,988$146,687$139,757$119,019
6 years$140,073$132,026$124,445$117,306$110,585$90,826
7 years$118,854$110,875$103,415$96,444$89,935$71,155
8 years$102,948$95,041$87,704$80,905$74,610$56,800
9 years$90,582$82,750$75,539$68,913$62,833$45,975
10 years$80,696$72,940$65,857$59,403$53,536$37,611
11 years$72,612$64,934$57,979$51,699$46,043$31,024
12 years$65,881$58,281$51,455$45,347$39,900$25,759
13 years$60,189$52,669$45,972$40,034$34,794$21,501
14 years$55,315$47,875$41,306$35,538$30,500$18,024
15 years$51,094$43,735$37,294$31,694$26,854$15,163
16 years$47,405$40,126$33,812$28,378$23,734$12,793
17 years$44,153$36,954$30,768$25,498$21,044$10,819
18 years$41,266$34,147$28,087$22,979$18,712$9,168
19 years$38,685$31,648$25,712$20,763$16,678$7,783
20 years$36,366$29,408$23,597$18,805$14,897$6,616
21 years$34,270$27,393$21,705$17,067$13,331$5,631
22 years$32,367$25,570$20,005$15,518$11,950$4,797
23 years$30,633$23,915$18,471$14,132$10,727$4,090
24 years$29,045$22,407$17,082$12,889$9,641$3,490
25 years$27,586$21,028$15,822$11,771$8,676$2,980
26 years$26,242$19,763$14,674$10,763$7,815$2,546
27 years$25,000$18,599$13,626$9,852$7,046$2,176
28 years$23,848$17,526$12,667$9,026$6,357$1,860
29 years$22,778$16,534$11,788$8,277$5,741$1,591
30 years$21,781$15,614$10,980$7,596$5,187$1,361
31 years$20,850$14,761$10,236$6,977$4,690$1,165
32 years$19,979$13,967$9,551$6,412$4,242$997
33 years$19,162$13,227$8,917$5,896$3,839$853
34 years$18,395$12,536$8,332$5,425$3,476$731
35 years$17,674$11,890$7,790$4,994$3,148$625
36 years$16,994$11,285$7,287$4,599$2,852$536
37 years$16,353$10,718$6,821$4,238$2,585$459
38 years$15,746$10,186$6,387$3,906$2,344$393
39 years$15,172$9,686$5,984$3,602$2,125$337
40 years$14,629$9,216$5,609$3,322$1,928$288
41 years$14,113$8,772$5,259$3,065$1,749$247
42 years$13,623$8,355$4,933$2,828$1,587$212
43 years$13,157$7,960$4,629$2,611$1,440$181
44 years$12,713$7,588$4,345$2,411$1,307$155
45 years$12,290$7,236$4,080$2,226$1,187$133
46 years$11,887$6,903$3,832$2,057$1,078$114
47 years$11,503$6,587$3,600$1,900$979$98
48 years$11,135$6,288$3,383$1,756$889$84
49 years$10,783$6,005$3,180$1,623$807$72
50 years$10,447$5,736$2,990$1,500$733$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $10,700,000, adding $4,617 every year, while hoping to spend $48,294 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: 55/28/17 Blend
63$10,700,000$10,700,000$10,700,000$10,700,000
64$11,796,162$11,229,062$11,063,212$12,391,246
65$12,947,987$11,727,902$11,382,446$13,296,213
66$14,215,678$12,249,566$11,710,754$14,275,589
67$15,611,005$12,795,122$12,048,392$15,340,984
68$17,146,932$13,365,688$12,395,618$16,500,633
69$18,837,748$13,962,436$12,752,700$17,763,584
70$20,699,195$14,586,592$13,119,912$19,139,790
71$22,748,619$15,239,441$13,497,535$20,640,190
72$25,005,135$15,922,330$13,885,859$22,276,816
73$27,489,804$16,636,670$14,285,181$24,062,901
74$30,225,835$17,383,938$14,695,806$26,012,998
75$33,238,801$18,165,682$15,118,047$28,143,118
76$36,556,883$18,983,524$15,552,225$30,470,874
77$40,211,133$19,839,164$15,998,672$33,015,643
78$44,235,767$20,734,383$16,457,727$35,798,749
79$48,668,492$21,671,044$16,929,738$38,843,653
80$53,550,856$22,651,103$17,415,062$42,176,174
81$58,928,644$23,676,608$17,914,067$45,824,730
82$64,852,308$24,749,704$18,427,130$49,820,596
83$71,377,443$25,872,639$18,954,639$54,198,196
84$78,565,313$27,047,769$19,496,990$58,995,426
85$86,483,429$28,277,563$20,054,592$64,253,999
86$95,206,182$29,564,607$20,627,865$70,019,838
87$104,815,551$30,911,612$21,217,237$76,343,504
88$115,401,874$32,321,417$21,823,151$83,280,660
89$127,064,699$33,797,000$22,446,060$90,892,597
90$139,913,724$35,341,479$23,086,429$99,246,803
91$154,069,835$36,958,123$23,744,736$108,417,589
92$169,666,245$38,650,358$24,421,471$118,486,789
93$186,849,749$40,421,772$25,117,137$129,544,518
94$205,782,112$42,276,128$25,832,251$141,690,018
95$226,641,599$44,217,369$26,567,342$155,032,587
96$249,624,648$46,249,627$27,322,955$169,692,595
97$274,947,736$48,377,232$28,099,647$185,802,619
98$302,849,411$50,604,723$28,897,991$203,508,678
99$333,592,553$52,936,856$29,718,576$222,971,604
100$367,466,850$55,378,618$30,562,005$244,368,546