Can I retire at age 64 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$891,854$883,910$876,159$868,594$861,207$833,973
2 years$441,512$433,289$425,320$417,593$410,099$382,908
3 years$291,417$283,159$275,210$267,556$260,183$233,889
4 years$216,385$208,152$200,283$192,759$185,565$160,368
5 years$171,377$163,194$155,427$148,057$141,064$117,032
6 years$141,382$133,260$125,608$118,403$111,619$88,773
7 years$119,965$111,911$104,381$97,345$90,776$69,114
8 years$103,910$95,929$88,524$81,661$75,307$54,814
9 years$91,429$83,523$76,245$69,557$63,420$44,072
10 years$81,450$73,622$66,472$59,959$54,037$35,807
11 years$73,291$65,541$58,521$52,182$46,473$29,327
12 years$66,496$58,826$51,936$45,771$40,273$24,174
13 years$60,752$53,162$46,401$40,409$35,119$20,029
14 years$55,832$48,322$41,692$35,870$30,785$16,662
15 years$51,572$44,143$37,642$31,990$27,105$13,909
16 years$47,848$40,501$34,128$28,644$23,956$11,642
17 years$44,566$37,300$31,055$25,736$21,241$9,767
18 years$41,651$34,467$28,349$23,193$18,886$8,210
19 years$39,047$31,943$25,953$20,957$16,834$6,912
20 years$36,706$29,683$23,818$18,981$15,036$5,826
21 years$34,590$27,649$21,908$17,226$13,456$4,917
22 years$32,670$25,809$20,192$15,663$12,061$4,153
23 years$30,919$24,139$18,643$14,264$10,827$3,511
24 years$29,316$22,616$17,242$13,010$9,731$2,970
25 years$27,844$21,224$15,970$11,881$8,757$2,513
26 years$26,487$19,948$14,811$10,864$7,888$2,128
27 years$25,233$18,773$13,753$9,944$7,112$1,803
28 years$24,071$17,690$12,785$9,111$6,417$1,527
29 years$22,991$16,688$11,898$8,355$5,794$1,295
30 years$21,984$15,760$11,082$7,667$5,235$1,098
31 years$21,044$14,899$10,332$7,042$4,733$931
32 years$20,165$14,097$9,640$6,472$4,282$789
33 years$19,341$13,350$9,001$5,951$3,875$669
34 years$18,567$12,653$8,410$5,476$3,508$568
35 years$17,839$12,001$7,863$5,041$3,178$482
36 years$17,153$11,391$7,355$4,642$2,879$409
37 years$16,505$10,819$6,884$4,277$2,609$347
38 years$15,893$10,282$6,447$3,942$2,366$294
39 years$15,314$9,777$6,040$3,635$2,145$250
40 years$14,765$9,302$5,661$3,353$1,946$212
41 years$14,245$8,854$5,309$3,093$1,765$180
42 years$13,750$8,433$4,980$2,855$1,602$153
43 years$13,280$8,035$4,673$2,635$1,454$130
44 years$12,832$7,659$4,386$2,433$1,320$110
45 years$12,405$7,303$4,118$2,247$1,198$93
46 years$11,998$6,967$3,868$2,076$1,088$79
47 years$11,610$6,649$3,634$1,918$988$67
48 years$11,239$6,347$3,415$1,772$897$57
49 years$10,884$6,061$3,210$1,638$815$48
50 years$10,545$5,790$3,018$1,514$740$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $10,800,000, adding $5,136 every year, while hoping to spend $54,231 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: 84/6/10 Blend
63$10,800,000$10,800,000$10,800,000$10,800,000
64$11,906,898$11,334,498$11,167,098$12,889,003
65$13,063,700$11,832,187$11,483,494$14,029,650
66$14,336,678$12,352,445$11,808,672$15,274,540
67$15,737,626$12,896,321$12,142,869$16,640,312
68$17,279,536$13,464,913$12,486,327$18,139,089
69$18,976,726$14,059,371$12,839,297$19,784,222
70$20,844,972$14,680,900$13,202,033$21,590,417
71$22,901,656$15,330,762$13,574,799$23,573,871
72$25,165,933$16,010,277$13,957,862$25,752,427
73$27,658,908$16,720,830$14,351,500$28,145,736
74$30,403,837$17,463,871$14,755,996$30,775,448
75$33,426,346$18,240,918$15,171,639$33,665,409
76$36,754,672$19,053,562$15,598,728$36,841,889
77$40,419,931$19,903,469$16,037,568$40,333,828
78$44,456,410$20,792,385$16,488,472$44,173,107
79$48,901,888$21,722,136$16,951,761$48,394,848
80$53,798,000$22,694,640$17,427,764$53,037,743
81$59,190,621$23,711,903$17,916,819$58,144,421
82$65,130,304$24,776,026$18,419,272$63,761,846
83$71,672,755$25,889,211$18,935,478$69,941,759
84$78,879,360$27,053,766$19,465,800$76,741,167
85$86,817,762$28,272,108$20,010,611$84,222,877
86$95,562,501$29,546,768$20,570,294$92,456,088
87$105,195,718$30,880,401$21,145,240$101,517,044
88$115,807,926$32,275,786$21,735,851$111,489,749
89$127,498,871$33,735,836$22,342,538$122,466,760
90$140,378,465$35,263,602$22,965,723$134,550,059
91$154,567,832$36,862,281$23,605,838$147,852,012
92$170,200,443$38,535,225$24,263,326$162,496,428
93$187,423,381$40,285,944$24,938,640$178,619,728
94$206,398,728$42,118,117$25,632,246$196,372,226
95$227,305,092$44,035,599$26,344,620$215,919,550
96$250,339,296$46,042,428$27,076,250$237,444,200
97$275,718,235$48,142,838$27,827,636$261,147,269
98$303,680,923$50,341,265$28,599,289$287,250,341
99$334,490,747$52,642,357$29,391,735$315,997,573
100$368,437,955$55,050,984$30,205,510$347,658,008