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

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 $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%13.9%
1 years$255,995$253,715$251,490$249,319$247,198$243,203
2 years$126,730$124,370$122,083$119,865$117,714$113,700
3 years$83,648$81,277$78,996$76,799$74,682$70,774
4 years$62,110$59,747$57,489$55,329$53,264$49,492
5 years$49,192$46,843$44,613$42,498$40,490$36,866
6 years$40,582$38,251$36,054$33,986$32,039$28,565
7 years$34,434$32,123$29,961$27,942$26,056$22,735
8 years$29,826$27,535$25,410$23,440$21,616$18,446
9 years$26,243$23,974$21,885$19,965$18,204$15,184
10 years$23,379$21,132$19,080$17,210$15,511$12,638
11 years$21,037$18,813$16,798$14,978$13,340$10,612
12 years$19,087$16,885$14,908$13,138$11,560$8,973
13 years$17,438$15,259$13,319$11,599$10,080$7,631
14 years$16,026$13,870$11,967$10,296$8,836$6,520
15 years$14,803$12,671$10,805$9,182$7,780$5,593
16 years$13,734$11,625$9,796$8,222$6,876$4,813
17 years$12,792$10,706$8,914$7,387$6,097$4,153
18 years$11,956$9,893$8,137$6,657$5,421$3,593
19 years$11,208$9,169$7,449$6,015$4,832$3,114
20 years$10,536$8,520$6,837$5,448$4,316$2,703
21 years$9,929$7,936$6,288$4,945$3,862$2,351
22 years$9,377$7,408$5,796$4,496$3,462$2,046
23 years$8,875$6,929$5,351$4,094$3,108$1,783
24 years$8,415$6,492$4,949$3,734$2,793$1,556
25 years$7,992$6,092$4,584$3,410$2,514$1,358
26 years$7,603$5,726$4,251$3,118$2,264$1,187
27 years$7,243$5,389$3,948$2,854$2,041$1,037
28 years$6,909$5,078$3,670$2,615$1,842$907
29 years$6,599$4,790$3,415$2,398$1,663$794
30 years$6,310$4,524$3,181$2,201$1,503$695
31 years$6,041$4,276$2,966$2,021$1,359$609
32 years$5,788$4,046$2,767$1,858$1,229$533
33 years$5,552$3,832$2,584$1,708$1,112$467
34 years$5,329$3,632$2,414$1,572$1,007$410
35 years$5,120$3,445$2,257$1,447$912$359
36 years$4,924$3,270$2,111$1,333$826$315
37 years$4,738$3,105$1,976$1,228$749$276
38 years$4,562$2,951$1,850$1,132$679$242
39 years$4,396$2,806$1,734$1,043$616$212
40 years$4,238$2,670$1,625$962$559$186
41 years$4,089$2,542$1,524$888$507$164
42 years$3,947$2,420$1,429$819$460$143
43 years$3,812$2,306$1,341$756$417$126
44 years$3,683$2,198$1,259$698$379$110
45 years$3,561$2,096$1,182$645$344$97
46 years$3,444$2,000$1,110$596$312$85
47 years$3,333$1,908$1,043$550$283$75
48 years$3,226$1,822$980$509$257$66
49 years$3,124$1,740$921$470$234$58
50 years$3,027$1,662$866$435$212$51

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 $6,831 every year, while hoping to spend $35,913 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: 79/13/8 Blend
63$3,100,000$3,100,000$3,100,000$3,100,000
64$3,423,246$3,258,946$3,210,896$3,689,477
65$3,734,206$3,380,423$3,280,250$3,986,549
66$4,075,680$3,506,649$3,350,724$4,306,978
67$4,450,743$3,637,819$3,422,316$4,657,419
68$4,862,782$3,774,135$3,495,027$5,040,847
69$5,315,528$3,915,809$3,568,852$5,460,541
70$5,813,091$4,063,063$3,643,788$5,920,108
71$6,360,000$4,216,127$3,719,829$6,423,523
72$6,961,244$4,375,241$3,796,967$6,975,160
73$7,622,319$4,540,657$3,875,194$7,579,838
74$8,349,282$4,712,635$3,954,499$8,242,865
75$9,148,803$4,891,448$4,034,869$8,970,085
76$10,028,234$5,077,383$4,116,291$9,767,935
77$10,995,674$5,270,735$4,198,747$10,643,506
78$12,060,047$5,471,815$4,282,218$11,604,607
79$13,231,185$5,680,946$4,366,685$12,659,840
80$14,519,920$5,898,467$4,452,124$13,818,681
81$15,938,190$6,124,730$4,538,508$15,091,568
82$17,499,146$6,360,102$4,625,809$16,489,998
83$19,217,280$6,604,969$4,713,995$18,026,638
84$21,108,561$6,859,730$4,803,032$19,715,441
85$23,190,582$7,124,805$4,892,881$21,571,779
86$25,482,732$7,400,631$4,983,503$23,612,586
87$28,006,372$7,687,663$5,074,852$25,856,519
88$30,785,042$7,986,379$5,166,880$28,324,131
89$33,844,680$8,297,275$5,259,534$31,038,069
90$37,213,867$8,620,872$5,352,758$34,023,280
91$40,924,098$8,957,711$5,446,492$37,307,251
92$45,010,077$9,308,359$5,540,670$40,920,269
93$49,510,045$9,673,409$5,635,222$44,895,699
94$54,466,141$10,053,477$5,730,074$49,270,307
95$59,924,800$10,449,210$5,825,144$54,084,598
96$65,937,190$10,861,282$5,920,347$59,383,204
97$72,559,696$11,290,398$6,015,591$65,215,300
98$79,854,450$11,737,293$6,110,779$71,635,072
99$87,889,920$12,202,736$6,205,806$78,702,220
100$96,741,552$12,687,531$6,300,561$86,482,530