Can I retire at age 64 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$858,822$851,172$843,709$836,424$829,311$816,244
2 years$425,160$417,241$409,567$402,127$394,910$381,779
3 years$280,624$272,672$265,017$257,647$250,547$237,761
4 years$208,371$200,443$192,865$185,620$178,692$166,349
5 years$165,030$157,149$149,671$142,574$135,839$123,975
6 years$136,145$128,324$120,956$114,017$107,485$96,113
7 years$115,522$107,767$100,515$93,740$87,414$76,538
8 years$100,061$92,376$85,245$78,636$72,518$62,137
9 years$88,043$80,430$73,421$66,981$61,071$51,178
10 years$78,433$70,895$64,010$57,738$52,035$42,624
11 years$70,576$63,114$56,354$50,249$44,752$35,812
12 years$64,033$56,647$50,013$44,075$38,781$30,301
13 years$58,502$51,193$44,683$38,912$33,818$25,785
14 years$53,764$46,533$40,148$34,542$29,645$22,046
15 years$49,662$42,508$36,248$30,805$26,102$18,924
16 years$46,076$39,001$32,864$27,583$23,069$16,297
17 years$42,915$35,918$29,905$24,783$20,454$14,074
18 years$40,109$33,190$27,299$22,334$18,187$12,183
19 years$37,601$30,760$24,991$20,181$16,210$10,567
20 years$35,346$28,584$22,936$18,278$14,479$9,181
21 years$33,309$26,625$21,097$16,588$12,957$7,989
22 years$31,460$24,853$19,444$15,082$11,615$6,960
23 years$29,774$23,245$17,953$13,736$10,426$6,070
24 years$28,230$21,779$16,603$12,528$9,371$5,300
25 years$26,813$20,438$15,378$11,441$8,432$4,631
26 years$25,506$19,209$14,262$10,461$7,596$4,049
27 years$24,299$18,078$13,244$9,575$6,848$3,542
28 years$23,179$17,034$12,312$8,773$6,179$3,101
29 years$22,139$16,070$11,457$8,045$5,580$2,716
30 years$21,170$15,176$10,672$7,383$5,042$2,380
31 years$20,265$14,347$9,949$6,781$4,558$2,086
32 years$19,418$13,575$9,283$6,232$4,123$1,829
33 years$18,625$12,856$8,667$5,731$3,731$1,604
34 years$17,880$12,184$8,098$5,273$3,378$1,407
35 years$17,178$11,557$7,571$4,854$3,060$1,234
36 years$16,518$10,969$7,083$4,470$2,772$1,083
37 years$15,894$10,418$6,629$4,119$2,513$951
38 years$15,305$9,901$6,208$3,796$2,278$835
39 years$14,747$9,415$5,816$3,501$2,066$733
40 years$14,218$8,957$5,452$3,229$1,874$643
41 years$13,717$8,527$5,112$2,979$1,700$565
42 years$13,241$8,120$4,795$2,749$1,543$496
43 years$12,788$7,737$4,500$2,538$1,400$436
44 years$12,357$7,375$4,224$2,343$1,271$383
45 years$11,946$7,033$3,966$2,164$1,154$336
46 years$11,554$6,709$3,725$1,999$1,047$295
47 years$11,180$6,402$3,499$1,847$951$259
48 years$10,823$6,112$3,288$1,707$864$228
49 years$10,481$5,837$3,091$1,577$784$200
50 years$10,154$5,575$2,906$1,458$713$176

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $10,400,000, adding $5,582 every year, while hoping to spend $48,631 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: 51/32/17 Blend
63$10,400,000$10,400,000$10,400,000$10,400,000
64$11,466,558$10,915,358$10,754,158$11,997,531
65$12,584,404$11,398,467$11,062,679$12,846,379
66$13,814,640$11,903,619$11,379,906$13,763,221
67$15,168,679$12,431,843$11,706,079$14,758,962
68$16,659,096$12,984,214$12,041,444$15,841,076
69$18,299,747$13,561,864$12,386,255$17,017,772
70$20,105,898$14,165,973$12,740,772$18,298,075
71$22,094,374$14,797,780$13,105,262$19,691,902
72$24,283,712$15,458,582$13,480,000$21,210,155
73$26,694,336$16,149,738$13,865,266$22,864,820
74$29,348,755$16,872,673$14,261,349$24,669,074
75$32,271,771$17,628,876$14,668,547$26,637,411
76$35,490,711$18,419,911$15,087,163$28,785,766
77$39,035,691$19,247,414$15,517,510$31,131,670
78$42,939,894$20,113,099$15,959,909$33,694,404
79$47,239,886$21,018,764$16,414,689$36,495,181
80$51,975,962$21,966,291$16,882,188$39,557,338
81$57,192,522$22,957,651$17,362,753$42,906,552
82$62,938,493$23,994,910$17,856,740$46,571,078
83$69,267,793$25,080,234$18,364,514$50,582,008
84$76,239,832$26,215,890$18,886,450$54,973,561
85$83,920,081$27,404,255$19,422,932$59,783,398
86$92,380,685$28,647,819$19,974,356$65,052,971
87$101,701,145$29,949,192$20,541,127$70,827,909
88$111,969,067$31,311,107$21,123,659$77,158,439
89$123,280,990$32,736,430$21,722,380$84,099,855
90$135,743,298$34,228,162$22,337,728$91,713,031
91$149,473,223$35,789,451$22,970,150$100,064,990
92$164,599,950$37,423,592$23,620,108$109,229,524
93$181,265,837$39,134,040$24,288,074$119,287,884
94$199,627,761$40,924,416$24,974,532$130,329,538
95$219,858,594$42,798,514$25,679,981$142,453,006
96$242,148,839$44,760,310$26,404,929$155,766,778
97$266,708,427$46,813,971$27,149,900$170,390,331
98$293,768,695$48,963,864$27,915,430$186,455,242
99$323,584,575$51,214,567$28,702,070$204,106,420
100$356,436,996$53,570,875$29,510,384$223,503,463