Can I retire at age 64 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$280,769$278,268$275,828$273,446$271,121$268,513
2 years$138,994$136,406$133,897$131,465$129,105$126,478
3 years$91,743$89,143$86,640$84,231$81,910$79,345
4 years$68,121$65,529$63,052$60,683$58,419$55,936
5 years$53,952$51,376$48,931$46,611$44,409$42,015
6 years$44,509$41,952$39,543$37,275$35,139$32,838
7 years$37,767$35,231$32,861$30,646$28,578$26,370
8 years$32,712$30,200$27,869$25,708$23,708$21,593
9 years$28,783$26,294$24,003$21,897$19,965$17,943
10 years$25,642$23,177$20,926$18,876$17,012$15,081
11 years$23,073$20,633$18,423$16,428$14,631$12,789
12 years$20,934$18,519$16,350$14,409$12,679$10,925
13 years$19,126$16,736$14,608$12,721$11,056$9,388
14 years$17,577$15,213$13,125$11,292$9,692$8,108
15 years$16,236$13,897$11,850$10,071$8,533$7,031
16 years$15,063$12,750$10,744$9,017$7,542$6,118
17 years$14,030$11,742$9,777$8,102$6,687$5,339
18 years$13,112$10,851$8,925$7,302$5,946$4,672
19 years$12,293$10,056$8,170$6,598$5,300$4,097
20 years$11,556$9,345$7,498$5,975$4,734$3,599
21 years$10,890$8,704$6,897$5,423$4,236$3,167
22 years$10,285$8,125$6,357$4,931$3,797$2,791
23 years$9,734$7,599$5,869$4,491$3,408$2,462
24 years$9,229$7,120$5,428$4,096$3,064$2,175
25 years$8,766$6,682$5,027$3,740$2,757$1,923
26 years$8,339$6,280$4,663$3,420$2,483$1,701
27 years$7,944$5,910$4,330$3,130$2,239$1,507
28 years$7,578$5,569$4,025$2,868$2,020$1,335
29 years$7,238$5,254$3,746$2,630$1,824$1,183
30 years$6,921$4,962$3,489$2,414$1,648$1,050
31 years$6,625$4,690$3,253$2,217$1,490$931
32 years$6,348$4,438$3,035$2,037$1,348$827
33 years$6,089$4,203$2,834$1,874$1,220$734
34 years$5,845$3,983$2,648$1,724$1,104$652
35 years$5,616$3,778$2,475$1,587$1,000$580
36 years$5,400$3,586$2,316$1,461$906$515
37 years$5,196$3,406$2,167$1,347$821$458
38 years$5,003$3,237$2,030$1,241$745$407
39 years$4,821$3,078$1,901$1,144$675$362
40 years$4,648$2,928$1,782$1,056$613$322
41 years$4,484$2,788$1,671$974$556$286
42 years$4,329$2,655$1,568$899$504$255
43 years$4,181$2,529$1,471$830$458$227
44 years$4,040$2,411$1,381$766$415$202
45 years$3,905$2,299$1,297$707$377$180
46 years$3,777$2,193$1,218$654$342$160
47 years$3,655$2,093$1,144$604$311$142
48 years$3,538$1,998$1,075$558$282$127
49 years$3,426$1,908$1,011$516$256$113
50 years$3,320$1,823$950$477$233$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,400,000, adding $2,089 every year, while hoping to spend $21,327 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: 72/11/17 Blend
63$3,400,000$3,400,000$3,400,000$3,400,000
64$3,748,955$3,568,755$3,516,055$4,003,940
65$4,108,656$3,720,932$3,611,151$4,325,710
66$4,504,333$3,879,851$3,708,718$4,675,195
67$4,939,631$4,045,820$3,808,816$5,057,379
68$5,418,569$4,219,161$3,911,507$5,475,496
69$5,945,574$4,400,211$4,016,854$5,933,109
70$6,525,525$4,589,323$4,124,920$6,434,142
71$7,163,795$4,786,867$4,235,772$6,982,913
72$7,866,309$4,993,230$4,349,477$7,584,177
73$8,639,590$5,208,816$4,466,102$8,243,172
74$9,490,830$5,434,050$4,585,719$8,965,663
75$10,427,952$5,669,376$4,708,398$9,758,001
76$11,459,686$5,915,258$4,834,211$10,627,179
77$12,595,651$6,172,182$4,963,235$11,580,900
78$13,846,447$6,440,659$5,095,543$12,627,645
79$15,223,755$6,721,222$5,231,214$13,776,757
80$16,740,445$7,014,428$5,370,326$15,038,527
81$18,410,699$7,320,864$5,512,961$16,424,289
82$20,250,145$7,641,141$5,659,199$17,946,529
83$22,276,003$7,975,900$5,809,126$19,618,997
84$24,507,249$8,325,814$5,962,826$21,456,844
85$26,964,795$8,691,584$6,120,387$23,476,756
86$29,671,680$9,073,949$6,281,896$25,697,118
87$32,653,298$9,473,678$6,447,445$28,138,179
88$35,937,625$9,891,580$6,617,126$30,822,249
89$39,555,496$10,328,500$6,791,033$33,773,906
90$43,540,885$10,785,324$6,969,261$37,020,227
91$47,931,231$11,262,981$7,151,907$40,591,042
92$52,767,792$11,762,443$7,339,071$44,519,214
93$58,096,030$12,284,726$7,530,853$48,840,953
94$63,966,046$12,830,898$7,727,357$53,596,149
95$70,433,046$13,402,075$7,928,687$58,828,755
96$77,557,867$13,999,428$8,134,949$64,587,194
97$85,407,551$14,624,181$8,346,251$70,924,820
98$94,055,974$15,277,619$8,562,704$77,900,418
99$103,584,547$15,961,086$8,784,418$85,578,757
100$114,082,983$16,675,991$9,011,508$94,031,201