Can I retire at age 64 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$900,112$892,094$884,272$876,637$869,181$851,980
2 years$445,600$437,301$429,258$421,460$413,896$396,639
3 years$294,116$285,781$277,758$270,033$262,593$245,818
4 years$218,389$210,079$202,137$194,544$187,283$171,120
5 years$172,964$164,705$156,867$149,428$142,370$126,863
6 years$142,691$134,494$126,772$119,499$112,652$97,820
7 years$121,076$112,948$105,348$98,247$91,616$77,462
8 years$104,872$96,817$89,343$82,417$76,005$62,524
9 years$92,275$84,297$76,951$70,201$64,007$51,191
10 years$82,204$74,303$67,088$60,514$54,537$42,374
11 years$73,969$66,148$59,063$52,665$46,904$35,378
12 years$67,112$59,371$52,417$46,194$40,646$29,741
13 years$61,314$53,654$46,831$40,783$35,444$25,143
14 years$56,349$48,770$42,078$36,202$31,070$21,352
15 years$52,049$44,552$37,991$32,286$27,356$18,202
16 years$48,291$40,876$34,444$28,909$24,178$15,566
17 years$44,978$37,645$31,343$25,974$21,438$13,347
18 years$42,037$34,786$28,612$23,408$19,061$11,470
19 years$39,408$32,239$26,193$21,151$16,990$9,875
20 years$37,046$29,958$24,039$19,156$15,176$8,516
21 years$34,911$27,905$22,111$17,386$13,580$7,354
22 years$32,972$26,048$20,379$15,808$12,173$6,358
23 years$31,205$24,362$18,816$14,396$10,927$5,503
24 years$29,588$22,826$17,402$13,130$9,822$4,767
25 years$28,102$21,421$16,117$11,991$8,838$4,132
26 years$26,733$20,132$14,948$10,964$7,961$3,584
27 years$25,467$18,947$13,881$10,036$7,177$3,111
28 years$24,294$17,853$12,904$9,195$6,476$2,701
29 years$23,203$16,843$12,008$8,432$5,848$2,346
30 years$22,188$15,906$11,185$7,738$5,284$2,039
31 years$21,239$15,037$10,428$7,107$4,777$1,772
32 years$20,352$14,228$9,729$6,532$4,321$1,541
33 years$19,520$13,474$9,084$6,006$3,911$1,340
34 years$18,739$12,770$8,488$5,526$3,541$1,166
35 years$18,004$12,112$7,935$5,087$3,207$1,014
36 years$17,312$11,496$7,423$4,685$2,906$883
37 years$16,658$10,919$6,948$4,317$2,634$768
38 years$16,041$10,377$6,507$3,979$2,388$669
39 years$15,456$9,867$6,096$3,669$2,165$582
40 years$14,902$9,388$5,714$3,384$1,964$507
41 years$14,376$8,936$5,358$3,122$1,782$441
42 years$13,877$8,511$5,026$2,881$1,617$384
43 years$13,403$8,109$4,716$2,660$1,467$334
44 years$12,951$7,730$4,427$2,456$1,332$291
45 years$12,520$7,371$4,157$2,268$1,209$254
46 years$12,110$7,032$3,904$2,095$1,098$221
47 years$11,718$6,710$3,668$1,936$997$192
48 years$11,343$6,406$3,447$1,789$905$168
49 years$10,985$6,117$3,240$1,653$822$146
50 years$10,642$5,843$3,046$1,528$747$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $10,900,000, adding $2,223 every year, while hoping to spend $24,759 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: 68/25/7 Blend
63$10,900,000$10,900,000$10,900,000$10,900,000
64$12,014,093$11,436,393$11,267,443$12,817,025
65$13,213,187$11,970,433$11,618,559$13,883,436
66$14,533,759$12,529,811$11,980,608$15,045,979
67$15,988,173$13,115,742$12,353,929$16,316,599
68$17,590,055$13,729,502$12,738,873$17,705,866
69$19,354,418$14,372,425$13,135,803$19,225,408
70$21,297,806$15,045,911$13,545,090$20,888,016
71$23,438,451$15,751,430$13,967,119$22,707,765
72$25,796,442$16,490,519$14,402,287$24,700,142
73$28,393,918$17,264,792$14,851,002$26,882,188
74$31,255,272$18,075,942$15,313,685$29,272,659
75$34,407,387$18,925,741$15,790,771$31,892,195
76$37,879,887$19,816,048$16,282,708$34,763,514
77$41,705,414$20,748,814$16,789,958$37,911,624
78$45,919,942$21,726,081$17,312,996$41,364,051
79$50,563,109$22,749,992$17,852,315$45,151,097
80$55,678,598$23,822,793$18,408,420$49,306,121
81$61,314,546$24,946,841$18,981,832$53,865,851
82$67,523,997$26,124,604$19,573,092$58,870,723
83$74,365,407$27,358,671$20,182,752$64,365,259
84$81,903,190$28,651,758$20,811,386$70,398,485
85$90,208,331$30,006,710$21,459,583$77,024,381
86$99,359,054$31,426,512$22,127,952$84,302,392
87$109,441,559$32,914,292$22,817,119$92,297,980
88$120,550,837$34,473,331$23,527,732$101,083,234
89$132,791,568$36,107,071$24,260,457$110,737,547
90$146,279,108$37,819,116$25,015,982$121,348,359
91$161,140,574$39,613,250$25,795,015$133,011,969
92$177,516,051$41,493,438$26,598,286$145,834,445
93$195,559,910$43,463,839$27,426,550$159,932,610
94$215,442,265$45,528,811$28,280,584$175,435,142
95$237,350,580$47,692,927$29,161,188$192,483,775
96$261,491,440$49,960,980$30,069,188$211,234,632
97$288,092,496$52,337,998$31,005,436$231,859,688
98$317,404,622$54,829,251$31,970,809$254,548,382
99$349,704,276$57,440,267$32,966,213$279,509,395
100$385,296,112$60,176,840$33,992,581$306,972,612