Can I retire at age 64 with 3,500,000?

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 $3,500,000?

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$289,027$286,452$283,940$281,489$279,095$277,452
2 years$143,083$140,418$137,835$135,331$132,902$131,245
3 years$94,441$91,765$89,188$86,708$84,319$82,698
4 years$70,125$67,457$64,906$62,468$60,137$58,566
5 years$55,539$52,887$50,370$47,982$45,715$44,198
6 years$45,818$43,186$40,706$38,371$36,173$34,711
7 years$38,878$36,268$33,827$31,547$29,418$28,013
8 years$33,674$31,088$28,688$26,464$24,405$23,057
9 years$29,630$27,068$24,709$22,542$20,553$19,260
10 years$26,396$23,859$21,542$19,431$17,512$16,275
11 years$23,752$21,240$18,965$16,911$15,061$13,879
12 years$21,550$19,064$16,831$14,833$13,051$11,923
13 years$19,688$17,228$15,038$13,095$11,381$10,306
14 years$18,094$15,660$13,511$11,625$9,977$8,952
15 years$16,713$14,306$12,199$10,367$8,784$7,810
16 years$15,506$13,125$11,060$9,283$7,763$6,838
17 years$14,443$12,088$10,064$8,340$6,884$6,005
18 years$13,498$11,170$9,187$7,516$6,121$5,288
19 years$12,654$10,352$8,411$6,792$5,455$4,667
20 years$11,895$9,620$7,719$6,151$4,873$4,127
21 years$11,210$8,960$7,100$5,583$4,361$3,656
22 years$10,587$8,364$6,544$5,076$3,909$3,244
23 years$10,020$7,823$6,042$4,623$3,509$2,881
24 years$9,501$7,329$5,588$4,216$3,154$2,563
25 years$9,024$6,878$5,175$3,850$2,838$2,281
26 years$8,584$6,464$4,800$3,521$2,556$2,033
27 years$8,177$6,084$4,457$3,223$2,305$1,813
28 years$7,801$5,733$4,143$2,953$2,080$1,618
29 years$7,451$5,408$3,856$2,708$1,878$1,445
30 years$7,124$5,107$3,592$2,485$1,697$1,291
31 years$6,820$4,828$3,348$2,282$1,534$1,154
32 years$6,535$4,569$3,124$2,097$1,388$1,032
33 years$6,268$4,326$2,917$1,929$1,256$923
34 years$6,017$4,100$2,725$1,775$1,137$826
35 years$5,781$3,889$2,548$1,634$1,030$740
36 years$5,559$3,691$2,384$1,504$933$663
37 years$5,349$3,506$2,231$1,386$846$593
38 years$5,151$3,332$2,089$1,278$767$532
39 years$4,963$3,168$1,957$1,178$695$477
40 years$4,785$3,014$1,835$1,087$631$427
41 years$4,616$2,869$1,720$1,003$572$383
42 years$4,456$2,733$1,614$925$519$343
43 years$4,304$2,604$1,514$854$471$308
44 years$4,158$2,482$1,421$789$428$276
45 years$4,020$2,367$1,335$728$388$248
46 years$3,888$2,258$1,254$673$352$222
47 years$3,763$2,155$1,178$622$320$199
48 years$3,642$2,057$1,107$574$291$179
49 years$3,527$1,964$1,040$531$264$160
50 years$3,417$1,876$978$491$240$144

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,500,000, adding $5,662 every year, while hoping to spend $22,436 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: 56/39/5 Blend
63$3,500,000$3,500,000$3,500,000$3,500,000
64$3,862,840$3,677,340$3,623,090$4,075,041
65$4,232,978$3,833,658$3,720,592$4,374,765
66$4,640,118$3,996,884$3,820,608$4,698,023
67$5,088,011$4,167,332$3,923,199$5,049,521
68$5,580,789$4,345,332$4,028,427$5,431,945
69$6,123,005$4,531,228$4,136,355$5,848,251
70$6,719,675$4,725,382$4,247,047$6,301,685
71$7,376,328$4,928,172$4,360,569$6,795,816
72$8,099,054$5,139,993$4,476,988$7,334,569
73$8,894,563$5,361,258$4,596,373$7,922,258
74$9,770,251$5,592,402$4,718,794$8,563,627
75$10,734,264$5,833,878$4,844,321$9,263,893
76$11,795,582$6,086,161$4,973,029$10,028,796
77$12,964,096$6,349,748$5,104,990$10,864,647
78$14,250,708$6,625,159$5,240,281$11,778,391
79$15,667,429$6,912,941$5,378,979$12,777,667
80$17,227,495$7,213,663$5,521,163$13,870,881
81$18,945,490$7,527,923$5,666,913$15,067,281
82$20,837,485$7,856,346$5,816,310$16,377,047
83$22,921,190$8,199,589$5,969,437$17,811,379
84$25,216,118$8,558,336$6,126,381$19,382,605
85$27,743,774$8,933,306$6,287,226$21,104,293
86$30,527,853$9,325,251$6,452,062$22,991,379
87$33,594,465$9,734,960$6,620,977$25,060,304
88$36,972,384$10,163,256$6,794,063$27,329,166
89$40,693,316$10,611,005$6,971,413$29,817,890
90$44,792,200$11,079,110$7,153,121$32,548,413
91$49,307,538$11,568,520$7,339,284$35,544,887
92$54,281,755$12,080,226$7,529,999$38,833,907
93$59,761,606$12,615,269$7,725,366$42,444,755
94$65,798,610$13,174,737$7,925,486$46,409,676
95$72,449,539$13,759,770$8,130,461$50,764,176
96$79,776,957$14,371,564$8,340,396$55,547,360
97$87,849,805$15,011,368$8,555,397$60,802,290
98$96,744,054$15,680,495$8,775,572$66,576,391
99$106,543,425$16,380,316$9,001,031$72,921,896
100$117,340,172$17,112,270$9,231,884$79,896,332