Can I retire at age 64 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$255,995$253,715$251,490$249,319$247,198$245,127
2 years$126,730$124,370$122,083$119,865$117,714$115,626
3 years$83,648$81,277$78,996$76,799$74,682$72,643
4 years$62,110$59,747$57,489$55,329$53,264$51,289
5 years$49,192$46,843$44,613$42,498$40,490$38,585
6 years$40,582$38,251$36,054$33,986$32,039$30,206
7 years$34,434$32,123$29,961$27,942$26,056$24,296
8 years$29,826$27,535$25,410$23,440$21,616$19,930
9 years$26,243$23,974$21,885$19,965$18,204$16,590
10 years$23,379$21,132$19,080$17,210$15,511$13,968
11 years$21,037$18,813$16,798$14,978$13,340$11,868
12 years$19,087$16,885$14,908$13,138$11,560$10,157
13 years$17,438$15,259$13,319$11,599$10,080$8,745
14 years$16,026$13,870$11,967$10,296$8,836$7,567
15 years$14,803$12,671$10,805$9,182$7,780$6,575
16 years$13,734$11,625$9,796$8,222$6,876$5,734
17 years$12,792$10,706$8,914$7,387$6,097$5,014
18 years$11,956$9,893$8,137$6,657$5,421$4,397
19 years$11,208$9,169$7,449$6,015$4,832$3,864
20 years$10,536$8,520$6,837$5,448$4,316$3,402
21 years$9,929$7,936$6,288$4,945$3,862$3,000
22 years$9,377$7,408$5,796$4,496$3,462$2,650
23 years$8,875$6,929$5,351$4,094$3,108$2,343
24 years$8,415$6,492$4,949$3,734$2,793$2,075
25 years$7,992$6,092$4,584$3,410$2,514$1,838
26 years$7,603$5,726$4,251$3,118$2,264$1,631
27 years$7,243$5,389$3,948$2,854$2,041$1,447
28 years$6,909$5,078$3,670$2,615$1,842$1,285
29 years$6,599$4,790$3,415$2,398$1,663$1,142
30 years$6,310$4,524$3,181$2,201$1,503$1,016
31 years$6,041$4,276$2,966$2,021$1,359$904
32 years$5,788$4,046$2,767$1,858$1,229$804
33 years$5,552$3,832$2,584$1,708$1,112$716
34 years$5,329$3,632$2,414$1,572$1,007$637
35 years$5,120$3,445$2,257$1,447$912$568
36 years$4,924$3,270$2,111$1,333$826$506
37 years$4,738$3,105$1,976$1,228$749$451
38 years$4,562$2,951$1,850$1,132$679$402
39 years$4,396$2,806$1,734$1,043$616$358
40 years$4,238$2,670$1,625$962$559$320
41 years$4,089$2,542$1,524$888$507$285
42 years$3,947$2,420$1,429$819$460$254
43 years$3,812$2,306$1,341$756$417$227
44 years$3,683$2,198$1,259$698$379$202
45 years$3,561$2,096$1,182$645$344$180
46 years$3,444$2,000$1,110$596$312$161
47 years$3,333$1,908$1,043$550$283$144
48 years$3,226$1,822$980$509$257$128
49 years$3,124$1,740$921$470$234$114
50 years$3,027$1,662$866$435$212$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,100,000, adding $3,698 every year, while hoping to spend $32,912 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: 74/9/17 Blend
63$3,100,000$3,100,000$3,100,000$3,100,000
64$3,420,014$3,255,714$3,207,664$3,659,570
65$3,733,838$3,380,226$3,280,103$3,943,292
66$4,078,568$3,509,736$3,353,865$4,249,694
67$4,457,323$3,644,454$3,428,961$4,584,571
68$4,873,537$3,784,600$3,505,398$4,950,747
69$5,330,995$3,930,402$3,583,186$5,351,330
70$5,833,864$4,082,100$3,662,331$5,789,744
71$6,386,738$4,239,942$3,742,839$6,269,758
72$6,994,677$4,404,191$3,824,715$6,795,526
73$7,663,254$4,575,117$3,907,963$7,371,618
74$8,398,613$4,753,004$3,992,587$8,003,072
75$9,207,521$4,938,150$4,078,588$8,695,434
76$10,097,432$5,130,864$4,165,965$9,454,814
77$11,076,563$5,331,470$4,254,718$10,287,941
78$12,153,966$5,540,304$4,344,843$11,202,228
79$13,339,612$5,757,721$4,436,337$12,205,842
80$14,644,491$5,984,088$4,529,193$13,307,776
81$16,080,712$6,219,791$4,623,404$14,517,941
82$17,661,615$6,465,231$4,718,959$15,847,251
83$19,401,901$6,720,829$4,815,845$17,307,734
84$21,317,769$6,987,024$4,914,050$18,912,636
85$23,427,067$7,264,274$5,013,556$20,676,554
86$25,749,463$7,553,058$5,114,345$22,615,569
87$28,306,626$7,853,876$5,216,394$24,747,396
88$31,122,439$8,167,253$5,319,680$27,091,554
89$34,223,213$8,493,733$5,424,174$29,669,548
90$37,637,944$8,833,889$5,529,848$32,505,072
91$41,398,582$9,188,318$5,636,666$35,624,231
92$45,540,335$9,557,643$5,744,591$39,055,789
93$50,101,998$9,942,517$5,853,584$42,831,438
94$55,126,322$10,343,620$5,963,600$46,986,096
95$60,660,416$10,761,667$6,074,589$51,558,239
96$66,756,190$11,197,400$6,186,500$56,590,260
97$73,470,849$11,651,600$6,299,274$62,128,872
98$80,867,426$12,125,079$6,412,851$68,225,543
99$89,015,385$12,618,689$6,527,163$74,936,989
100$97,991,269$13,133,320$6,642,138$82,325,701