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%11.4%
1 years$280,769$278,268$275,828$273,446$271,121$269,525
2 years$138,994$136,406$133,897$131,465$129,105$127,495
3 years$91,743$89,143$86,640$84,231$81,910$80,335
4 years$68,121$65,529$63,052$60,683$58,419$56,892
5 years$53,952$51,376$48,931$46,611$44,409$42,935
6 years$44,509$41,952$39,543$37,275$35,139$33,719
7 years$37,767$35,231$32,861$30,646$28,578$27,213
8 years$32,712$30,200$27,869$25,708$23,708$22,398
9 years$28,783$26,294$24,003$21,897$19,965$18,710
10 years$25,642$23,177$20,926$18,876$17,012$15,810
11 years$23,073$20,633$18,423$16,428$14,631$13,482
12 years$20,934$18,519$16,350$14,409$12,679$11,583
13 years$19,126$16,736$14,608$12,721$11,056$10,011
14 years$17,577$15,213$13,125$11,292$9,692$8,697
15 years$16,236$13,897$11,850$10,071$8,533$7,587
16 years$15,063$12,750$10,744$9,017$7,542$6,643
17 years$14,030$11,742$9,777$8,102$6,687$5,834
18 years$13,112$10,851$8,925$7,302$5,946$5,137
19 years$12,293$10,056$8,170$6,598$5,300$4,534
20 years$11,556$9,345$7,498$5,975$4,734$4,009
21 years$10,890$8,704$6,897$5,423$4,236$3,552
22 years$10,285$8,125$6,357$4,931$3,797$3,151
23 years$9,734$7,599$5,869$4,491$3,408$2,799
24 years$9,229$7,120$5,428$4,096$3,064$2,489
25 years$8,766$6,682$5,027$3,740$2,757$2,216
26 years$8,339$6,280$4,663$3,420$2,483$1,975
27 years$7,944$5,910$4,330$3,130$2,239$1,761
28 years$7,578$5,569$4,025$2,868$2,020$1,572
29 years$7,238$5,254$3,746$2,630$1,824$1,404
30 years$6,921$4,962$3,489$2,414$1,648$1,254
31 years$6,625$4,690$3,253$2,217$1,490$1,121
32 years$6,348$4,438$3,035$2,037$1,348$1,003
33 years$6,089$4,203$2,834$1,874$1,220$897
34 years$5,845$3,983$2,648$1,724$1,104$803
35 years$5,616$3,778$2,475$1,587$1,000$719
36 years$5,400$3,586$2,316$1,461$906$644
37 years$5,196$3,406$2,167$1,347$821$577
38 years$5,003$3,237$2,030$1,241$745$517
39 years$4,821$3,078$1,901$1,144$675$463
40 years$4,648$2,928$1,782$1,056$613$415
41 years$4,484$2,788$1,671$974$556$372
42 years$4,329$2,655$1,568$899$504$333
43 years$4,181$2,529$1,471$830$458$299
44 years$4,040$2,411$1,381$766$415$268
45 years$3,905$2,299$1,297$707$377$240
46 years$3,777$2,193$1,218$654$342$216
47 years$3,655$2,093$1,144$604$311$193
48 years$3,538$1,998$1,075$558$282$174
49 years$3,426$1,908$1,011$516$256$156
50 years$3,320$1,823$950$477$233$140

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 $5,197 every year, while hoping to spend $37,599 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: 46/47/7 Blend
63$3,400,000$3,400,000$3,400,000$3,400,000
64$3,752,161$3,571,961$3,519,261$3,917,342
65$4,094,876$3,706,982$3,597,151$4,166,556
66$4,471,288$3,847,359$3,676,390$4,432,400
67$4,884,795$3,993,314$3,756,984$4,719,900
68$5,339,138$4,145,081$3,838,937$5,031,067
69$5,838,441$4,302,901$3,922,253$5,368,111
70$6,387,246$4,467,027$4,006,933$5,733,460
71$6,990,558$4,637,725$4,092,978$6,129,781
72$7,653,891$4,815,268$4,180,388$6,560,005
73$8,383,317$4,999,946$4,269,160$7,027,353
74$9,185,529$5,192,058$4,359,292$7,535,365
75$10,067,902$5,391,917$4,450,776$8,087,933
76$11,038,558$5,599,851$4,543,607$8,689,336
77$12,106,448$5,816,201$4,637,776$9,344,278
78$13,281,435$6,041,324$4,733,270$10,057,936
79$14,574,385$6,275,592$4,830,078$10,835,999
80$15,997,270$6,519,394$4,928,184$11,684,728
81$17,563,283$6,773,136$5,027,569$12,611,009
82$19,286,960$7,037,241$5,128,215$13,622,417
83$21,184,316$7,312,153$5,230,096$14,727,290
84$23,273,001$7,598,332$5,333,189$15,934,798
85$25,572,459$7,896,263$5,437,463$17,255,037
86$28,104,119$8,206,449$5,542,888$18,699,113
87$30,891,592$8,529,418$5,649,427$20,279,254
88$33,960,894$8,865,719$5,757,042$22,008,917
89$37,340,692$9,215,926$5,865,690$23,902,913
90$41,062,578$9,580,642$5,975,326$25,977,550
91$45,161,359$9,960,492$6,085,898$28,250,779
92$49,675,394$10,356,132$6,197,351$30,742,364
93$54,646,949$10,768,247$6,309,627$33,474,063
94$60,122,600$11,197,553$6,422,662$36,469,835
95$66,153,669$11,644,797$6,536,385$39,756,060
96$72,796,712$12,110,761$6,650,723$43,361,789
97$80,114,050$12,596,261$6,765,595$47,319,008
98$88,174,356$13,102,151$6,880,916$51,662,946
99$97,053,307$13,629,323$6,996,593$56,432,398
100$106,834,293$14,178,709$7,112,528$61,670,088