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%11.9%
1 years$264,253$261,899$259,603$257,361$255,172$253,140
2 years$130,818$128,382$126,021$123,731$121,511$119,462
3 years$86,346$83,899$81,544$79,276$77,091$75,090
4 years$64,114$61,675$59,343$57,114$54,982$53,043
5 years$50,778$48,354$46,053$43,869$41,797$39,926
6 years$41,891$39,484$37,217$35,082$33,072$31,272
7 years$35,545$33,159$30,928$28,843$26,897$25,168
8 years$30,788$28,423$26,229$24,196$22,313$20,656
9 years$27,090$24,748$22,591$20,609$18,791$17,205
10 years$24,133$21,814$19,696$17,766$16,011$14,495
11 years$21,716$19,420$17,340$15,461$13,770$12,323
12 years$19,703$17,430$15,388$13,562$11,933$10,553
13 years$18,000$15,752$13,749$11,973$10,406$9,092
14 years$16,543$14,318$12,353$10,628$9,121$7,873
15 years$15,281$13,080$11,153$9,478$8,031$6,845
16 years$14,177$12,000$10,112$8,487$7,098$5,973
17 years$13,205$11,052$9,202$7,625$6,294$5,227
18 years$12,341$10,212$8,400$6,872$5,596$4,587
19 years$11,569$9,465$7,690$6,210$4,988$4,034
20 years$10,876$8,795$7,057$5,624$4,455$3,554
21 years$10,249$8,192$6,491$5,104$3,987$3,137
22 years$9,680$7,647$5,983$4,641$3,574$2,773
23 years$9,161$7,152$5,524$4,226$3,208$2,454
24 years$8,686$6,701$5,109$3,855$2,883$2,174
25 years$8,250$6,289$4,732$3,520$2,595$1,928
26 years$7,848$5,910$4,388$3,219$2,337$1,711
27 years$7,477$5,562$4,075$2,946$2,107$1,520
28 years$7,132$5,241$3,788$2,699$1,901$1,351
29 years$6,812$4,945$3,525$2,475$1,717$1,202
30 years$6,514$4,670$3,284$2,272$1,551$1,069
31 years$6,235$4,414$3,061$2,087$1,402$952
32 years$5,975$4,177$2,856$1,918$1,269$848
33 years$5,731$3,956$2,667$1,763$1,148$756
34 years$5,501$3,749$2,492$1,622$1,039$673
35 years$5,286$3,556$2,330$1,494$942$600
36 years$5,082$3,375$2,179$1,376$853$535
37 years$4,890$3,206$2,040$1,267$773$478
38 years$4,709$3,046$1,910$1,168$701$426
39 years$4,538$2,897$1,790$1,077$636$380
40 years$4,375$2,756$1,677$993$577$339
41 years$4,221$2,624$1,573$917$523$303
42 years$4,074$2,499$1,475$846$475$270
43 years$3,935$2,381$1,384$781$431$241
44 years$3,802$2,269$1,300$721$391$216
45 years$3,676$2,164$1,220$666$355$192
46 years$3,555$2,064$1,146$615$322$172
47 years$3,440$1,970$1,077$568$293$153
48 years$3,330$1,881$1,012$525$266$137
49 years$3,225$1,796$951$485$241$122
50 years$3,124$1,715$894$449$219$109

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 $6,211 every year, while hoping to spend $35,700 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: 72/8/20 Blend
63$3,200,000$3,200,000$3,200,000$3,200,000
64$3,532,807$3,363,207$3,313,607$3,769,694
65$3,855,168$3,490,019$3,386,628$4,054,936
66$4,209,215$3,621,849$3,460,899$4,362,366
67$4,598,139$3,758,905$3,536,424$4,698,171
68$5,025,461$3,901,403$3,613,206$5,065,161
69$5,495,057$4,049,570$3,691,247$5,466,433
70$6,011,196$4,203,643$3,770,547$5,905,394
71$6,578,585$4,363,868$3,851,107$6,385,798
72$7,202,406$4,530,503$3,932,925$6,911,780
73$7,888,371$4,703,816$4,015,997$7,487,892
74$8,642,770$4,884,089$4,100,318$8,119,149
75$9,472,536$5,071,613$4,185,883$8,811,075
76$10,385,307$5,266,694$4,272,682$9,569,753
77$11,389,497$5,469,651$4,360,706$10,401,886
78$12,494,379$5,680,817$4,449,942$11,314,856
79$13,710,168$5,900,540$4,540,378$12,316,794
80$15,048,121$6,129,181$4,631,996$13,416,660
81$16,520,639$6,367,121$4,724,778$14,624,321
82$18,141,389$6,614,755$4,818,703$15,950,649
83$19,925,428$6,872,496$4,913,747$17,407,623
84$21,889,348$7,140,775$5,009,884$19,008,437
85$24,051,432$7,420,042$5,107,085$20,767,629
86$26,431,822$7,710,769$5,205,317$22,701,216
87$29,052,718$8,013,447$5,304,545$24,826,844
88$31,938,578$8,328,588$5,404,730$27,163,954
89$35,116,354$8,656,730$5,505,829$29,733,969
90$38,615,744$8,998,432$5,607,796$32,560,489
91$42,469,474$9,354,279$5,710,582$35,669,519
92$46,713,605$9,724,883$5,814,130$39,089,712
93$51,387,872$10,110,882$5,918,383$42,852,637
94$56,536,064$10,512,943$6,023,278$46,993,081
95$62,206,429$10,931,765$6,128,745$51,549,371
96$68,452,139$11,368,075$6,234,711$56,563,740
97$75,331,781$11,822,635$6,341,098$62,082,723
98$82,909,918$12,296,240$6,447,821$68,157,596
99$91,257,696$12,789,722$6,554,789$74,844,860
100$100,453,513$13,303,950$6,661,906$82,206,773