Can I retire at age 64 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$247,737$245,530$243,378$241,276$239,224$237,617
2 years$122,642$120,358$118,144$115,998$113,916$112,295
3 years$80,949$78,655$76,447$74,321$72,273$70,689
4 years$60,107$57,820$55,634$53,544$51,546$50,010
5 years$47,605$45,332$43,174$41,127$39,184$37,702
6 years$39,273$37,017$34,891$32,890$31,005$29,578
7 years$33,324$31,087$28,995$27,040$25,216$23,844
8 years$28,864$26,647$24,590$22,684$20,919$19,603
9 years$25,397$23,201$21,179$19,321$17,617$16,356
10 years$22,625$20,450$18,465$16,655$15,010$13,805
11 years$20,359$18,206$16,256$14,495$12,909$11,758
12 years$18,471$16,341$14,427$12,714$11,187$10,088
13 years$16,875$14,767$12,889$11,225$9,755$8,708
14 years$15,509$13,423$11,581$9,964$8,551$7,555
15 years$14,326$12,262$10,456$8,886$7,529$6,582
16 years$13,291$11,250$9,480$7,957$6,654$5,755
17 years$12,379$10,361$8,626$7,149$5,900$5,047
18 years$11,570$9,574$7,875$6,443$5,246$4,438
19 years$10,846$8,873$7,209$5,821$4,676$3,912
20 years$10,196$8,245$6,616$5,272$4,177$3,454
21 years$9,608$7,680$6,086$4,785$3,738$3,055
22 years$9,075$7,169$5,609$4,351$3,350$2,706
23 years$8,589$6,705$5,179$3,962$3,007$2,401
24 years$8,143$6,282$4,789$3,614$2,703$2,132
25 years$7,734$5,896$4,436$3,300$2,432$1,895
26 years$7,358$5,541$4,114$3,018$2,191$1,686
27 years$7,009$5,215$3,820$2,762$1,975$1,501
28 years$6,686$4,914$3,551$2,531$1,782$1,338
29 years$6,386$4,636$3,305$2,321$1,610$1,193
30 years$6,107$4,378$3,078$2,130$1,454$1,064
31 years$5,846$4,139$2,870$1,956$1,315$949
32 years$5,601$3,916$2,678$1,798$1,189$848
33 years$5,373$3,708$2,500$1,653$1,076$757
34 years$5,158$3,515$2,336$1,521$975$677
35 years$4,955$3,334$2,184$1,400$883$605
36 years$4,765$3,164$2,043$1,290$800$541
37 years$4,585$3,005$1,912$1,188$725$483
38 years$4,415$2,856$1,791$1,095$657$432
39 years$4,254$2,716$1,678$1,010$596$387
40 years$4,101$2,584$1,573$931$541$346
41 years$3,957$2,460$1,475$859$490$310
42 years$3,819$2,342$1,383$793$445$277
43 years$3,689$2,232$1,298$732$404$248
44 years$3,564$2,127$1,218$676$367$222
45 years$3,446$2,029$1,144$624$333$199
46 years$3,333$1,935$1,074$577$302$178
47 years$3,225$1,847$1,009$533$274$159
48 years$3,122$1,763$949$492$249$143
49 years$3,023$1,684$892$455$226$128
50 years$2,929$1,608$838$421$206$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,000,000, adding $6,681 every year, while hoping to spend $41,883 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: 52/38/10 Blend
63$3,000,000$3,000,000$3,000,000$3,000,000
64$3,312,891$3,153,891$3,107,391$3,476,256
65$3,606,243$3,263,869$3,166,926$3,698,210
66$3,928,113$3,377,832$3,227,051$3,934,401
67$4,281,366$3,495,930$3,287,742$4,190,286
68$4,669,157$3,618,323$3,348,973$4,467,734
69$5,094,961$3,745,171$3,410,715$4,768,798
70$5,562,609$3,876,647$3,472,935$5,095,738
71$6,076,318$4,012,925$3,535,601$5,451,036
72$6,640,734$4,154,190$3,598,676$5,837,426
73$7,260,977$4,300,633$3,662,119$6,257,912
74$7,942,685$4,452,452$3,725,889$6,715,802
75$8,692,072$4,609,855$3,789,939$7,214,734
76$9,515,982$4,773,057$3,854,220$7,758,710
77$10,421,956$4,942,281$3,918,681$8,352,135
78$11,418,303$5,117,761$3,983,265$8,999,859
79$12,514,177$5,299,738$4,047,911$9,707,217
80$13,719,663$5,488,465$4,112,556$10,480,083
81$15,045,873$5,684,204$4,177,131$11,324,921
82$16,505,051$5,887,229$4,241,564$12,248,851
83$18,110,687$6,097,824$4,305,777$13,259,706
84$19,877,644$6,316,284$4,369,687$14,366,116
85$21,822,301$6,542,919$4,433,209$15,577,578
86$23,962,703$6,778,049$4,496,248$16,904,552
87$26,318,733$7,022,008$4,558,707$18,358,555
88$28,912,301$7,275,143$4,620,481$19,952,271
89$31,767,548$7,537,818$4,681,459$21,699,666
90$34,911,075$7,810,408$4,741,526$23,616,122
91$38,372,194$8,093,308$4,800,556$25,718,581
92$42,183,203$8,386,926$4,858,420$28,025,700
93$46,379,693$8,691,687$4,914,980$30,558,028
94$51,000,878$9,008,037$4,970,089$33,338,203
95$56,089,975$9,336,437$5,023,593$36,391,154
96$61,694,599$9,677,370$5,075,331$39,744,345
97$67,867,224$10,031,337$5,125,130$43,428,026
98$74,665,670$10,398,862$5,172,811$47,475,522
99$82,153,651$10,780,488$5,218,183$51,923,540
100$90,401,376$11,176,785$5,261,045$56,812,521