Can I retire at age 64 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$272,511$270,084$267,715$265,404$263,147$254,519
2 years$134,906$132,394$129,959$127,598$125,308$116,698
3 years$89,044$86,521$84,092$81,753$79,500$71,179
4 years$66,118$63,602$61,197$58,899$56,700$48,731
5 years$52,365$49,865$47,492$45,240$43,103$35,506
6 years$43,200$40,718$38,380$36,179$34,106$26,888
7 years$36,656$34,195$31,894$29,744$27,737$20,898
8 years$31,750$29,312$27,049$24,952$23,011$16,545
9 years$27,937$25,521$23,297$21,253$19,378$13,278
10 years$24,887$22,496$20,311$18,321$16,511$10,768
11 years$22,394$20,026$17,881$15,944$14,200$8,802
12 years$20,318$17,975$15,869$13,985$12,306$7,241
13 years$18,563$16,244$14,178$12,347$10,731$5,987
14 years$17,060$14,765$12,739$10,960$9,406$4,970
15 years$15,758$13,488$11,502$9,775$8,282$4,140
16 years$14,620$12,375$10,428$8,752$7,320$3,458
17 years$13,617$11,397$9,489$7,864$6,490$2,895
18 years$12,727$10,531$8,662$7,087$5,771$2,428
19 years$11,931$9,760$7,930$6,404$5,144$2,039
20 years$11,216$9,070$7,278$5,800$4,594$1,715
21 years$10,569$8,448$6,694$5,264$4,112$1,444
22 years$9,982$7,886$6,170$4,786$3,685$1,217
23 years$9,447$7,376$5,697$4,359$3,308$1,026
24 years$8,958$6,911$5,268$3,975$2,973$866
25 years$8,508$6,485$4,880$3,630$2,676$731
26 years$8,093$6,095$4,526$3,319$2,410$618
27 years$7,710$5,736$4,202$3,038$2,173$522
28 years$7,355$5,405$3,907$2,784$1,961$441
29 years$7,025$5,099$3,635$2,553$1,770$373
30 years$6,717$4,816$3,386$2,343$1,600$315
31 years$6,430$4,552$3,157$2,152$1,446$267
32 years$6,162$4,307$2,945$1,977$1,308$226
33 years$5,910$4,079$2,750$1,818$1,184$191
34 years$5,673$3,866$2,570$1,673$1,072$162
35 years$5,451$3,667$2,402$1,540$971$137
36 years$5,241$3,481$2,247$1,418$880$116
37 years$5,043$3,306$2,104$1,307$797$98
38 years$4,856$3,142$1,970$1,205$723$83
39 years$4,679$2,987$1,846$1,111$655$70
40 years$4,512$2,842$1,730$1,025$595$59
41 years$4,353$2,706$1,622$945$539$50
42 years$4,201$2,577$1,522$872$489$43
43 years$4,058$2,455$1,428$805$444$36
44 years$3,921$2,340$1,340$744$403$31
45 years$3,791$2,232$1,258$687$366$26
46 years$3,666$2,129$1,182$634$332$22
47 years$3,548$2,032$1,110$586$302$19
48 years$3,434$1,939$1,043$541$274$16
49 years$3,326$1,852$981$500$249$13
50 years$3,222$1,769$922$463$226$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,300,000, adding $5,935 every year, while hoping to spend $33,517 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: 68/5/27 Blend
63$3,300,000$3,300,000$3,300,000$3,300,000
64$3,642,722$3,467,822$3,416,672$3,864,508
65$3,978,618$3,602,083$3,495,469$4,148,623
66$4,347,652$3,741,800$3,575,782$4,454,992
67$4,753,168$3,887,205$3,657,626$4,789,428
68$5,198,852$4,038,539$3,741,018$5,154,710
69$5,688,763$4,196,055$3,825,970$5,553,897
70$6,227,373$4,360,018$3,912,496$5,990,357
71$6,819,610$4,530,703$4,000,609$6,467,801
72$7,470,901$4,708,399$4,090,321$6,990,316
73$8,187,229$4,893,406$4,181,642$7,562,403
74$8,975,182$5,086,039$4,274,583$8,189,018
75$9,842,022$5,286,626$4,369,153$8,875,623
76$10,795,747$5,495,510$4,465,359$9,628,232
77$11,845,172$5,713,049$4,563,207$10,453,471
78$13,000,009$5,939,617$4,662,704$11,358,639
79$14,270,958$6,175,607$4,763,852$12,351,776
80$15,669,810$6,421,425$4,866,655$13,441,740
81$17,209,555$6,677,500$4,971,113$14,638,288
82$18,904,510$6,944,278$5,077,226$15,952,171
83$20,770,447$7,222,224$5,184,990$17,395,232
84$22,824,746$7,511,827$5,294,400$18,980,521
85$25,086,559$7,813,595$5,405,451$20,722,412
86$27,576,987$8,128,061$5,518,134$22,636,746
87$30,319,285$8,455,781$5,632,436$24,740,973
88$33,339,075$8,797,337$5,748,346$27,054,321
89$36,664,591$9,153,337$5,865,846$29,597,975
90$40,326,945$9,524,416$5,984,917$32,395,277
91$44,360,419$9,911,238$6,105,538$35,471,946
92$48,802,792$10,314,499$6,227,684$38,856,322
93$53,695,692$10,734,925$6,351,326$42,579,628
94$59,084,991$11,173,274$6,476,434$46,676,271
95$65,021,237$11,630,341$6,602,971$51,184,163
96$71,560,131$12,106,956$6,730,899$56,145,075
97$78,763,055$12,603,987$6,860,174$61,605,038
98$86,697,646$13,122,342$6,990,750$67,614,773
99$95,438,440$13,662,971$7,122,573$74,230,167
100$105,067,569$14,226,865$7,255,589$81,512,806