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

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$900,112$892,094$884,272$876,637$869,181$843,725
2 years$445,600$437,301$429,258$421,460$413,896$388,455
3 years$294,116$285,781$277,758$270,033$262,593$237,965
4 years$218,389$210,079$202,137$194,544$187,283$163,658
5 years$172,964$164,705$156,867$149,428$142,370$119,811
6 years$142,691$134,494$126,772$119,499$112,652$91,180
7 years$121,076$112,948$105,348$98,247$91,616$71,231
8 years$104,872$96,817$89,343$82,417$76,005$56,693
9 years$92,275$84,297$76,951$70,201$64,007$45,750
10 years$82,204$74,303$67,088$60,514$54,537$37,310
11 years$73,969$66,148$59,063$52,665$46,904$30,677
12 years$67,112$59,371$52,417$46,194$40,646$25,387
13 years$61,314$53,654$46,831$40,783$35,444$21,119
14 years$56,349$48,770$42,078$36,202$31,070$17,643
15 years$52,049$44,552$37,991$32,286$27,356$14,790
16 years$48,291$40,876$34,444$28,909$24,178$12,433
17 years$44,978$37,645$31,343$25,974$21,438$10,477
18 years$42,037$34,786$28,612$23,408$19,061$8,846
19 years$39,408$32,239$26,193$21,151$16,990$7,481
20 years$37,046$29,958$24,039$19,156$15,176$6,335
21 years$34,911$27,905$22,111$17,386$13,580$5,371
22 years$32,972$26,048$20,379$15,808$12,173$4,558
23 years$31,205$24,362$18,816$14,396$10,927$3,871
24 years$29,588$22,826$17,402$13,130$9,822$3,290
25 years$28,102$21,421$16,117$11,991$8,838$2,798
26 years$26,733$20,132$14,948$10,964$7,961$2,381
27 years$25,467$18,947$13,881$10,036$7,177$2,026
28 years$24,294$17,853$12,904$9,195$6,476$1,725
29 years$23,203$16,843$12,008$8,432$5,848$1,470
30 years$22,188$15,906$11,185$7,738$5,284$1,252
31 years$21,239$15,037$10,428$7,107$4,777$1,067
32 years$20,352$14,228$9,729$6,532$4,321$909
33 years$19,520$13,474$9,084$6,006$3,911$775
34 years$18,739$12,770$8,488$5,526$3,541$661
35 years$18,004$12,112$7,935$5,087$3,207$564
36 years$17,312$11,496$7,423$4,685$2,906$481
37 years$16,658$10,919$6,948$4,317$2,634$410
38 years$16,041$10,377$6,507$3,979$2,388$350
39 years$15,456$9,867$6,096$3,669$2,165$298
40 years$14,902$9,388$5,714$3,384$1,964$254
41 years$14,376$8,936$5,358$3,122$1,782$217
42 years$13,877$8,511$5,026$2,881$1,617$185
43 years$13,403$8,109$4,716$2,660$1,467$158
44 years$12,951$7,730$4,427$2,456$1,332$135
45 years$12,520$7,371$4,157$2,268$1,209$115
46 years$12,110$7,032$3,904$2,095$1,098$98
47 years$11,718$6,710$3,668$1,936$997$84
48 years$11,343$6,406$3,447$1,789$905$71
49 years$10,985$6,117$3,240$1,653$822$61
50 years$10,642$5,843$3,046$1,528$747$52

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 $3,845 every year, while hoping to spend $55,601 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: 28/45/27 Blend
63$10,900,000$10,900,000$10,900,000$10,900,000
64$12,015,766$11,438,066$11,269,116$12,251,278
65$13,182,215$11,939,372$11,587,472$12,940,440
66$14,465,779$12,463,379$11,914,630$13,675,257
67$15,878,343$13,011,140$12,250,826$14,463,617
68$17,433,007$13,583,758$12,596,301$15,310,150
69$19,144,201$14,182,390$12,951,304$16,219,924
70$21,027,827$14,808,244$13,316,090$17,198,488
71$23,101,407$15,462,590$13,690,921$18,251,920
72$25,384,247$16,146,754$14,076,064$19,386,878
73$27,897,622$16,862,126$14,471,793$20,610,661
74$30,664,973$17,610,164$14,878,392$21,931,268
75$33,712,130$18,392,391$15,296,148$23,357,469
76$37,067,555$19,210,407$15,725,357$24,898,884
77$40,762,614$20,065,885$16,166,324$26,566,065
78$44,831,864$20,960,577$16,619,360$28,370,591
79$49,313,389$21,896,320$17,084,783$30,325,168
80$54,249,153$22,875,038$17,562,922$32,443,745
81$59,685,397$23,898,745$18,054,110$34,741,635
82$65,673,077$24,969,554$18,558,693$37,235,652
83$72,268,344$26,089,674$19,077,022$39,944,266
84$79,533,071$27,261,424$19,609,458$42,887,763
85$87,535,441$28,487,231$20,156,371$46,088,430
86$96,350,588$29,769,637$20,718,142$49,570,757
87$106,061,305$31,111,306$21,295,157$53,361,658
88$116,758,828$32,515,031$21,887,815$57,490,712
89$128,543,697$33,983,735$22,496,524$61,990,437
90$141,526,698$35,520,483$23,121,702$66,896,580
91$155,829,920$37,128,485$23,763,778$72,248,449
92$171,587,896$38,811,105$24,423,189$78,089,266
93$188,948,881$40,571,869$25,100,385$84,466,565
94$208,076,245$42,414,469$25,795,827$91,432,628
95$229,150,020$44,342,775$26,509,984$99,044,964
96$252,368,595$46,360,844$27,243,342$107,366,838
97$277,950,590$48,472,924$27,996,392$116,467,852
98$306,136,922$50,683,468$28,769,642$126,424,586
99$337,193,073$52,997,144$29,563,611$137,321,304
100$371,411,603$55,418,840$30,378,828$149,250,737