Can I retire at age 64 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$297,285$294,637$292,053$289,531$287,069$276,334
2 years$147,171$144,430$141,773$139,198$136,700$126,007
3 years$97,139$94,386$91,737$89,185$86,728$76,415
4 years$72,128$69,384$66,761$64,253$61,855$51,999
5 years$57,126$54,398$51,809$49,352$47,021$37,649
6 years$47,127$44,420$41,869$39,468$37,206$28,323
7 years$39,988$37,304$34,794$32,448$30,259$21,863
8 years$34,637$31,976$29,508$27,220$25,102$17,186
9 years$30,476$27,841$25,415$23,186$21,140$13,692
10 years$27,150$24,541$22,157$19,986$18,012$11,019
11 years$24,430$21,847$19,507$17,394$15,491$8,938
12 years$22,165$19,609$17,312$15,257$13,424$7,294
13 years$20,251$17,721$15,467$13,470$11,706$5,982
14 years$18,611$16,107$13,897$11,957$10,262$4,925
15 years$17,191$14,714$12,547$10,663$9,035$4,067
16 years$15,949$13,500$11,376$9,548$7,985$3,368
17 years$14,855$12,433$10,352$8,579$7,080$2,794
18 years$13,884$11,489$9,450$7,731$6,295$2,323
19 years$13,016$10,648$8,651$6,986$5,611$1,933
20 years$12,235$9,894$7,939$6,327$5,012$1,611
21 years$11,530$9,216$7,303$5,742$4,485$1,344
22 years$10,890$8,603$6,731$5,221$4,020$1,122
23 years$10,306$8,046$6,214$4,755$3,609$937
24 years$9,772$7,539$5,747$4,337$3,244$783
25 years$9,281$7,075$5,323$3,960$2,919$655
26 years$8,829$6,649$4,937$3,621$2,629$548
27 years$8,411$6,258$4,584$3,315$2,371$459
28 years$8,024$5,897$4,262$3,037$2,139$384
29 years$7,664$5,563$3,966$2,785$1,931$321
30 years$7,328$5,253$3,694$2,556$1,745$269
31 years$7,015$4,966$3,444$2,347$1,578$225
32 years$6,722$4,699$3,213$2,157$1,427$189
33 years$6,447$4,450$3,000$1,984$1,292$158
34 years$6,189$4,218$2,803$1,825$1,169$133
35 years$5,946$4,000$2,621$1,680$1,059$111
36 years$5,718$3,797$2,452$1,547$960$93
37 years$5,502$3,606$2,295$1,426$870$78
38 years$5,298$3,427$2,149$1,314$789$65
39 years$5,105$3,259$2,013$1,212$715$55
40 years$4,922$3,101$1,887$1,118$649$46
41 years$4,748$2,951$1,770$1,031$588$38
42 years$4,583$2,811$1,660$952$534$32
43 years$4,427$2,678$1,558$878$485$27
44 years$4,277$2,553$1,462$811$440$23
45 years$4,135$2,434$1,373$749$399$19
46 years$3,999$2,322$1,289$692$363$16
47 years$3,870$2,216$1,211$639$329$13
48 years$3,746$2,116$1,138$591$299$11
49 years$3,628$2,020$1,070$546$272$9
50 years$3,515$1,930$1,006$505$247$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,600,000, adding $5,680 every year, while hoping to spend $43,905 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: 61/14/25 Blend
63$3,600,000$3,600,000$3,600,000$3,600,000
64$3,973,059$3,782,259$3,726,459$4,188,602
65$4,331,596$3,920,875$3,804,581$4,474,232
66$4,725,233$4,064,812$3,883,848$4,780,576
67$5,157,503$4,214,284$3,964,253$5,114,000
68$5,632,299$4,369,514$4,045,786$5,477,152
69$6,153,908$4,530,735$4,128,435$5,872,945
70$6,727,057$4,698,191$4,212,187$6,304,587
71$7,356,948$4,872,134$4,297,027$6,775,611
72$8,049,315$5,052,827$4,382,936$7,289,905
73$8,810,475$5,240,546$4,469,894$7,851,751
74$9,647,388$5,435,577$4,557,880$8,465,862
75$10,567,721$5,638,219$4,646,869$9,137,431
76$11,579,921$5,848,785$4,736,831$9,872,176
77$12,693,296$6,067,598$4,827,738$10,676,392
78$13,918,100$6,294,998$4,919,555$11,557,014
79$15,265,632$6,531,339$5,012,246$12,521,680
80$16,748,341$6,776,989$5,105,770$13,578,803
81$18,379,943$7,032,332$5,200,084$14,737,648
82$20,175,551$7,297,770$5,295,141$16,008,422
83$22,151,818$7,573,722$5,390,889$17,402,366
84$24,327,092$7,860,623$5,487,273$18,931,866
85$26,721,592$8,158,930$5,584,233$20,610,564
86$29,357,595$8,469,118$5,681,706$22,453,488
87$32,259,648$8,791,683$5,779,621$24,477,195
88$35,454,798$9,127,142$5,877,905$26,699,924
89$38,972,851$9,476,036$5,976,478$29,141,770
90$42,846,648$9,838,928$6,075,256$31,824,870
91$47,112,377$10,216,406$6,174,148$34,773,613
92$51,809,915$10,609,085$6,273,057$38,014,872
93$56,983,202$11,017,606$6,371,880$41,578,250
94$62,680,657$11,442,637$6,470,507$45,496,368
95$68,955,635$11,884,878$6,568,820$49,805,164
96$75,866,931$12,345,057$6,666,696$54,544,234
97$83,479,329$12,823,937$6,764,002$59,757,209
98$91,864,223$13,322,311$6,860,598$65,492,159
99$101,100,280$13,841,012$6,956,335$71,802,051
100$111,274,192$14,380,904$7,051,056$78,745,247