Can I retire at age 64 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$264,253$261,899$259,603$257,361$255,172$253,246
2 years$130,818$128,382$126,021$123,731$121,511$119,568
3 years$86,346$83,899$81,544$79,276$77,091$75,194
4 years$64,114$61,675$59,343$57,114$54,982$53,143
5 years$50,778$48,354$46,053$43,869$41,797$40,022
6 years$41,891$39,484$37,217$35,082$33,072$31,364
7 years$35,545$33,159$30,928$28,843$26,897$25,256
8 years$30,788$28,423$26,229$24,196$22,313$20,740
9 years$27,090$24,748$22,591$20,609$18,791$17,285
10 years$24,133$21,814$19,696$17,766$16,011$14,571
11 years$21,716$19,420$17,340$15,461$13,770$12,395
12 years$19,703$17,430$15,388$13,562$11,933$10,622
13 years$18,000$15,752$13,749$11,973$10,406$9,157
14 years$16,543$14,318$12,353$10,628$9,121$7,934
15 years$15,281$13,080$11,153$9,478$8,031$6,903
16 years$14,177$12,000$10,112$8,487$7,098$6,028
17 years$13,205$11,052$9,202$7,625$6,294$5,279
18 years$12,341$10,212$8,400$6,872$5,596$4,636
19 years$11,569$9,465$7,690$6,210$4,988$4,079
20 years$10,876$8,795$7,057$5,624$4,455$3,597
21 years$10,249$8,192$6,491$5,104$3,987$3,177
22 years$9,680$7,647$5,983$4,641$3,574$2,810
23 years$9,161$7,152$5,524$4,226$3,208$2,489
24 years$8,686$6,701$5,109$3,855$2,883$2,207
25 years$8,250$6,289$4,732$3,520$2,595$1,959
26 years$7,848$5,910$4,388$3,219$2,337$1,740
27 years$7,477$5,562$4,075$2,946$2,107$1,547
28 years$7,132$5,241$3,788$2,699$1,901$1,376
29 years$6,812$4,945$3,525$2,475$1,717$1,225
30 years$6,514$4,670$3,284$2,272$1,551$1,091
31 years$6,235$4,414$3,061$2,087$1,402$972
32 years$5,975$4,177$2,856$1,918$1,269$866
33 years$5,731$3,956$2,667$1,763$1,148$773
34 years$5,501$3,749$2,492$1,622$1,039$689
35 years$5,286$3,556$2,330$1,494$942$615
36 years$5,082$3,375$2,179$1,376$853$549
37 years$4,890$3,206$2,040$1,267$773$490
38 years$4,709$3,046$1,910$1,168$701$437
39 years$4,538$2,897$1,790$1,077$636$391
40 years$4,375$2,756$1,677$993$577$349
41 years$4,221$2,624$1,573$917$523$312
42 years$4,074$2,499$1,475$846$475$279
43 years$3,935$2,381$1,384$781$431$249
44 years$3,802$2,269$1,300$721$391$222
45 years$3,676$2,164$1,220$666$355$199
46 years$3,555$2,064$1,146$615$322$178
47 years$3,440$1,970$1,077$568$293$159
48 years$3,330$1,881$1,012$525$266$142
49 years$3,225$1,796$951$485$241$127
50 years$3,124$1,715$894$449$219$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,200,000, adding $3,865 every year, while hoping to spend $26,939 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: 64/25/11 Blend
63$3,200,000$3,200,000$3,200,000$3,200,000
64$3,530,387$3,360,787$3,311,187$3,747,386
65$3,861,823$3,496,802$3,393,449$4,028,815
66$4,226,164$3,638,580$3,477,563$4,332,594
67$4,626,735$3,786,373$3,563,565$4,663,721
68$5,067,204$3,940,448$3,651,486$5,024,854
69$5,551,611$4,101,081$3,741,362$5,418,920
70$6,084,404$4,268,563$3,833,227$5,849,138
71$6,670,488$4,443,198$3,927,115$6,319,048
72$7,315,265$4,625,302$4,023,061$6,832,550
73$8,024,688$4,815,207$4,121,099$7,393,930
74$8,805,314$5,013,261$4,221,264$8,007,911
75$9,664,371$5,219,825$4,323,591$8,679,689
76$10,609,821$5,435,280$4,428,115$9,414,981
77$11,650,436$5,660,023$4,534,871$10,220,085
78$12,795,884$5,894,467$4,643,893$11,101,930
79$14,056,817$6,139,049$4,755,216$12,068,148
80$15,444,971$6,394,221$4,868,874$13,127,138
81$16,973,279$6,660,459$4,984,902$14,288,151
82$18,655,991$6,938,259$5,103,334$15,561,372
83$20,508,810$7,228,142$5,224,204$16,958,016
84$22,549,040$7,530,651$5,347,546$18,490,432
85$24,795,744$7,846,356$5,473,391$20,172,220
86$27,269,934$8,175,851$5,601,774$22,018,359
87$29,994,760$8,519,760$5,732,725$24,045,342
88$32,995,731$8,878,734$5,866,277$26,271,336
89$36,300,959$9,253,456$6,002,461$28,716,349
90$39,941,419$9,644,638$6,141,306$31,402,419
91$43,951,246$10,053,027$6,282,842$34,353,820
92$48,368,053$10,479,406$6,427,097$37,597,287
93$53,233,289$10,924,590$6,574,099$41,162,272
94$58,592,627$11,389,438$6,723,874$45,081,214
95$64,496,398$11,874,843$6,876,447$49,389,848
96$71,000,064$12,381,744$7,031,841$54,127,541
97$78,164,743$12,911,122$7,190,080$59,337,656
98$86,057,783$13,464,003$7,351,184$65,067,966
99$94,753,401$14,041,464$7,515,173$71,371,097
100$104,333,380$14,644,627$7,682,063$78,305,028