Can I retire at age 64 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$305,543$302,821$300,166$297,574$295,043$292,449
2 years$151,259$148,442$145,711$143,064$140,497$137,883
3 years$99,837$97,008$94,285$91,663$89,137$86,584
4 years$74,132$71,311$68,615$66,038$63,573$61,101
5 years$58,713$55,909$53,248$50,723$48,327$45,943
6 years$48,436$45,654$43,033$40,564$38,240$35,946
7 years$41,099$38,340$35,760$33,350$31,099$28,898
8 years$35,599$32,864$30,328$27,976$25,800$23,690
9 years$31,323$28,614$26,121$23,830$21,727$19,709
10 years$27,904$25,222$22,773$20,541$18,513$16,585
11 years$25,109$22,454$20,049$17,877$15,921$14,082
12 years$22,781$20,153$17,793$15,681$13,797$12,045
13 years$20,813$18,213$15,897$13,844$12,031$10,364
14 years$19,128$16,555$14,283$12,289$10,547$8,962
15 years$17,668$15,123$12,896$10,960$9,286$7,782
16 years$16,392$13,875$11,692$9,813$8,207$6,781
17 years$15,268$12,779$10,639$8,817$7,277$5,926
18 years$14,269$11,808$9,712$7,946$6,470$5,193
19 years$13,377$10,944$8,891$7,180$5,767$4,560
20 years$12,575$10,169$8,160$6,503$5,151$4,012
21 years$11,850$9,472$7,506$5,902$4,610$3,536
22 years$11,192$8,842$6,917$5,366$4,132$3,120
23 years$10,593$8,270$6,387$4,887$3,709$2,757
24 years$10,044$7,748$5,907$4,457$3,334$2,439
25 years$9,539$7,271$5,471$4,070$3,000$2,160
26 years$9,074$6,834$5,074$3,722$2,702$1,914
27 years$8,645$6,431$4,712$3,407$2,436$1,698
28 years$8,246$6,060$4,380$3,121$2,198$1,507
29 years$7,876$5,717$4,076$2,862$1,985$1,338
30 years$7,532$5,399$3,797$2,627$1,794$1,189
31 years$7,210$5,104$3,540$2,413$1,622$1,056
32 years$6,909$4,830$3,303$2,217$1,467$939
33 years$6,626$4,574$3,084$2,039$1,328$836
34 years$6,361$4,335$2,881$1,876$1,202$743
35 years$6,112$4,111$2,694$1,727$1,089$662
36 years$5,876$3,902$2,520$1,590$986$589
37 years$5,655$3,706$2,359$1,465$894$525
38 years$5,445$3,522$2,209$1,351$810$467
39 years$5,247$3,349$2,069$1,245$735$416
40 years$5,058$3,187$1,940$1,149$667$371
41 years$4,880$3,033$1,819$1,060$605$330
42 years$4,711$2,889$1,706$978$549$294
43 years$4,550$2,753$1,601$903$498$262
44 years$4,396$2,624$1,503$834$452$234
45 years$4,250$2,502$1,411$770$410$209
46 years$4,111$2,387$1,325$711$373$186
47 years$3,978$2,278$1,245$657$338$166
48 years$3,850$2,174$1,170$607$307$148
49 years$3,729$2,076$1,100$561$279$132
50 years$3,612$1,984$1,034$519$253$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,700,000, adding $2,423 every year, while hoping to spend $38,574 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: 48/47/5 Blend
63$3,700,000$3,700,000$3,700,000$3,700,000
64$4,079,899$3,883,799$3,826,449$4,270,481
65$4,455,007$4,033,063$3,913,593$4,550,200
66$4,867,082$4,188,348$4,002,363$4,849,414
67$5,319,856$4,349,908$4,092,773$5,173,337
68$5,817,436$4,518,009$4,184,837$5,524,275
69$6,364,352$4,692,928$4,278,566$5,904,759
70$6,965,589$4,874,955$4,373,971$6,317,572
71$7,626,642$5,064,391$4,471,062$6,765,769
72$8,353,566$5,261,552$4,569,849$7,252,709
73$9,153,029$5,466,768$4,670,339$7,782,082
74$10,032,381$5,680,383$4,772,538$8,357,945
75$10,999,718$5,902,756$4,876,452$8,984,760
76$12,063,960$6,134,261$4,982,084$9,667,429
77$13,234,936$6,375,293$5,089,436$10,411,346
78$14,523,477$6,626,259$5,198,509$11,222,440
79$15,941,513$6,887,587$5,309,301$12,107,235
80$17,502,193$7,159,725$5,421,808$13,072,906
81$19,220,005$7,443,139$5,536,026$14,127,345
82$21,110,909$7,738,317$5,651,947$15,279,236
83$23,192,495$8,045,768$5,769,561$16,538,133
84$25,484,144$8,366,025$5,888,855$17,914,551
85$28,007,210$8,699,644$6,009,816$19,420,058
86$30,785,225$9,047,206$6,132,424$21,067,389
87$33,844,118$9,409,319$6,256,660$22,870,556
88$37,212,461$9,786,618$6,382,501$24,844,985
89$40,921,735$10,179,766$6,509,918$27,007,655
90$45,006,635$10,589,457$6,638,883$29,377,258
91$49,505,387$11,016,415$6,769,360$31,974,371
92$54,460,115$11,461,399$6,901,314$34,821,646
93$59,917,240$11,925,200$7,034,700$37,944,028
94$65,927,910$12,408,646$7,169,474$41,368,977
95$72,548,490$12,912,604$7,305,585$45,126,733
96$79,841,092$13,437,977$7,442,978$49,250,593
97$87,874,158$13,985,712$7,581,592$53,777,226
98$96,723,108$14,556,798$7,721,362$58,747,009
99$106,471,054$15,152,270$7,862,216$64,204,411
100$117,209,579$15,773,209$8,004,078$70,198,407