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%14.3%
1 years$272,511$270,084$267,715$265,404$263,147$258,468
2 years$134,906$132,394$129,959$127,598$125,308$120,610
3 years$89,044$86,521$84,092$81,753$79,500$74,930
4 years$66,118$63,602$61,197$58,899$56,700$52,293
5 years$52,365$49,865$47,492$45,240$43,103$38,870
6 years$43,200$40,718$38,380$36,179$34,106$30,053
7 years$36,656$34,195$31,894$29,744$27,737$23,865
8 years$31,750$29,312$27,049$24,952$23,011$19,319
9 years$27,937$25,521$23,297$21,253$19,378$15,865
10 years$24,887$22,496$20,311$18,321$16,511$13,172
11 years$22,394$20,026$17,881$15,944$14,200$11,032
12 years$20,318$17,975$15,869$13,985$12,306$9,305
13 years$18,563$16,244$14,178$12,347$10,731$7,892
14 years$17,060$14,765$12,739$10,960$9,406$6,725
15 years$15,758$13,488$11,502$9,775$8,282$5,753
16 years$14,620$12,375$10,428$8,752$7,320$4,937
17 years$13,617$11,397$9,489$7,864$6,490$4,248
18 years$12,727$10,531$8,662$7,087$5,771$3,664
19 years$11,931$9,760$7,930$6,404$5,144$3,166
20 years$11,216$9,070$7,278$5,800$4,594$2,741
21 years$10,569$8,448$6,694$5,264$4,112$2,376
22 years$9,982$7,886$6,170$4,786$3,685$2,062
23 years$9,447$7,376$5,697$4,359$3,308$1,792
24 years$8,958$6,911$5,268$3,975$2,973$1,558
25 years$8,508$6,485$4,880$3,630$2,676$1,356
26 years$8,093$6,095$4,526$3,319$2,410$1,181
27 years$7,710$5,736$4,202$3,038$2,173$1,029
28 years$7,355$5,405$3,907$2,784$1,961$897
29 years$7,025$5,099$3,635$2,553$1,770$783
30 years$6,717$4,816$3,386$2,343$1,600$683
31 years$6,430$4,552$3,157$2,152$1,446$596
32 years$6,162$4,307$2,945$1,977$1,308$520
33 years$5,910$4,079$2,750$1,818$1,184$454
34 years$5,673$3,866$2,570$1,673$1,072$397
35 years$5,451$3,667$2,402$1,540$971$347
36 years$5,241$3,481$2,247$1,418$880$303
37 years$5,043$3,306$2,104$1,307$797$265
38 years$4,856$3,142$1,970$1,205$723$232
39 years$4,679$2,987$1,846$1,111$655$202
40 years$4,512$2,842$1,730$1,025$595$177
41 years$4,353$2,706$1,622$945$539$155
42 years$4,201$2,577$1,522$872$489$135
43 years$4,058$2,455$1,428$805$444$118
44 years$3,921$2,340$1,340$744$403$103
45 years$3,791$2,232$1,258$687$366$91
46 years$3,666$2,129$1,182$634$332$79
47 years$3,548$2,032$1,110$586$302$69
48 years$3,434$1,939$1,043$541$274$61
49 years$3,326$1,852$981$500$249$53
50 years$3,222$1,769$922$463$226$46

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 $3,094 every year, while hoping to spend $23,717 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: 25/45/30 Blend
63$3,300,000$3,300,000$3,300,000$3,300,000
64$3,639,791$3,464,891$3,413,741$3,696,611
65$3,985,815$3,609,436$3,502,867$3,889,444
66$4,366,339$3,760,269$3,594,184$4,093,837
67$4,784,856$3,917,673$3,687,739$4,312,495
68$5,245,216$4,081,944$3,783,583$4,546,634
69$5,751,661$4,253,391$3,881,765$4,797,583
70$6,308,862$4,432,340$3,982,337$5,066,798
71$6,921,970$4,619,129$4,085,350$5,355,876
72$7,596,658$4,814,113$4,190,855$5,666,562
73$8,339,176$5,017,663$4,298,908$6,000,770
74$9,156,413$5,230,169$4,409,562$6,360,599
75$10,055,956$5,452,037$4,522,872$6,748,348
76$11,046,170$5,683,692$4,638,894$7,166,540
77$12,136,266$5,925,581$4,757,684$7,617,941
78$13,336,400$6,178,168$4,879,301$8,105,585
79$14,657,757$6,441,943$5,003,802$8,632,804
80$16,112,666$6,717,416$5,131,247$9,203,253
81$17,714,710$7,005,121$5,261,695$9,820,946
82$19,478,856$7,305,618$5,395,208$10,490,289
83$21,421,599$7,619,493$5,531,847$11,216,122
84$23,561,112$7,947,358$5,671,674$12,003,760
85$25,917,423$8,289,856$5,814,753$12,859,044
86$28,512,599$8,647,658$5,961,146$13,788,390
87$31,370,959$9,021,468$6,110,919$14,798,850
88$34,519,299$9,412,022$6,264,137$15,898,174
89$37,987,147$9,820,091$6,420,866$17,094,882
90$41,807,043$10,246,482$6,581,171$18,398,340
91$46,014,842$10,692,040$6,745,121$19,818,847
92$50,650,056$11,157,650$6,912,782$21,367,726
93$55,756,225$11,644,239$7,084,224$23,057,431
94$61,381,330$12,152,776$7,259,515$24,901,660
95$67,578,241$12,684,278$7,438,724$26,915,481
96$74,405,221$13,239,807$7,621,922$29,115,468
97$81,926,475$13,820,479$7,809,177$31,519,857
98$90,212,751$14,427,458$8,000,561$34,148,714
99$99,342,016$15,061,968$8,196,144$37,024,114
100$109,400,185$15,725,287$8,395,997$40,170,356