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%11.1%
1 years$305,543$302,821$300,166$297,574$295,043$293,676
2 years$151,259$148,442$145,711$143,064$140,497$139,117
3 years$99,837$97,008$94,285$91,663$89,137$87,787
4 years$74,132$71,311$68,615$66,038$63,573$62,264
5 years$58,713$55,909$53,248$50,723$48,327$47,062
6 years$48,436$45,654$43,033$40,564$38,240$37,020
7 years$41,099$38,340$35,760$33,350$31,099$29,926
8 years$35,599$32,864$30,328$27,976$25,800$24,673
9 years$31,323$28,614$26,121$23,830$21,727$20,647
10 years$27,904$25,222$22,773$20,541$18,513$17,478
11 years$25,109$22,454$20,049$17,877$15,921$14,932
12 years$22,781$20,153$17,793$15,681$13,797$12,852
13 years$20,813$18,213$15,897$13,844$12,031$11,129
14 years$19,128$16,555$14,283$12,289$10,547$9,687
15 years$17,668$15,123$12,896$10,960$9,286$8,468
16 years$16,392$13,875$11,692$9,813$8,207$7,429
17 years$15,268$12,779$10,639$8,817$7,277$6,538
18 years$14,269$11,808$9,712$7,946$6,470$5,769
19 years$13,377$10,944$8,891$7,180$5,767$5,102
20 years$12,575$10,169$8,160$6,503$5,151$4,522
21 years$11,850$9,472$7,506$5,902$4,610$4,015
22 years$11,192$8,842$6,917$5,366$4,132$3,570
23 years$10,593$8,270$6,387$4,887$3,709$3,178
24 years$10,044$7,748$5,907$4,457$3,334$2,833
25 years$9,539$7,271$5,471$4,070$3,000$2,528
26 years$9,074$6,834$5,074$3,722$2,702$2,258
27 years$8,645$6,431$4,712$3,407$2,436$2,018
28 years$8,246$6,060$4,380$3,121$2,198$1,806
29 years$7,876$5,717$4,076$2,862$1,985$1,616
30 years$7,532$5,399$3,797$2,627$1,794$1,448
31 years$7,210$5,104$3,540$2,413$1,622$1,297
32 years$6,909$4,830$3,303$2,217$1,467$1,163
33 years$6,626$4,574$3,084$2,039$1,328$1,043
34 years$6,361$4,335$2,881$1,876$1,202$936
35 years$6,112$4,111$2,694$1,727$1,089$840
36 years$5,876$3,902$2,520$1,590$986$754
37 years$5,655$3,706$2,359$1,465$894$677
38 years$5,445$3,522$2,209$1,351$810$608
39 years$5,247$3,349$2,069$1,245$735$546
40 years$5,058$3,187$1,940$1,149$667$491
41 years$4,880$3,033$1,819$1,060$605$441
42 years$4,711$2,889$1,706$978$549$397
43 years$4,550$2,753$1,601$903$498$357
44 years$4,396$2,624$1,503$834$452$321
45 years$4,250$2,502$1,411$770$410$288
46 years$4,111$2,387$1,325$711$373$259
47 years$3,978$2,278$1,245$657$338$233
48 years$3,850$2,174$1,170$607$307$210
49 years$3,729$2,076$1,100$561$279$189
50 years$3,612$1,984$1,034$519$253$170

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 $2,262 every year, while hoping to spend $45,460 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: 44/40/16 Blend
63$3,700,000$3,700,000$3,700,000$3,700,000
64$4,079,733$3,883,633$3,826,283$4,240,305
65$4,447,497$4,025,562$3,906,095$4,494,918
66$4,851,249$4,172,922$3,987,056$4,766,016
67$5,294,612$4,325,931$4,069,158$5,058,882
68$5,781,577$4,484,816$4,152,389$5,375,546
69$6,316,540$4,649,814$4,236,737$5,718,237
70$6,904,345$4,821,173$4,322,185$6,089,404
71$7,550,326$4,999,148$4,408,717$6,491,739
72$8,260,362$5,184,010$4,496,312$6,928,202
73$9,040,929$5,376,036$4,584,948$7,402,047
74$9,899,162$5,575,519$4,674,601$7,916,851
75$10,842,919$5,782,763$4,765,243$8,476,549
76$11,880,862$5,998,084$4,856,844$9,085,468
77$13,022,533$6,221,812$4,949,371$9,748,367
78$14,278,443$6,454,293$5,042,787$10,470,483
79$15,660,175$6,695,885$5,137,052$11,257,577
80$17,180,493$6,946,963$5,232,122$12,115,986
81$18,853,456$7,207,917$5,327,952$13,052,685
82$20,694,560$7,479,156$5,424,489$14,075,349
83$22,720,874$7,761,104$5,521,679$15,192,425
84$24,951,210$8,054,204$5,619,462$16,413,211
85$27,406,294$8,358,921$5,717,774$17,747,939
86$30,108,963$8,675,735$5,816,546$19,207,875
87$33,084,381$9,005,150$5,915,705$20,805,420
88$36,360,278$9,347,693$6,015,171$22,554,226
89$39,967,208$9,703,911$6,114,860$24,469,325
90$43,938,836$10,074,376$6,214,682$26,567,266
91$48,312,263$10,459,685$6,314,539$28,866,272
92$53,128,366$10,860,463$6,414,329$31,386,410
93$58,432,192$11,277,358$6,513,941$34,149,776
94$64,273,378$11,711,050$6,613,260$37,180,705
95$70,706,619$12,162,248$6,712,161$40,505,993
96$77,792,187$12,631,691$6,810,511$44,155,155
97$85,596,498$13,120,152$6,908,171$48,160,695
98$94,192,739$13,628,438$7,004,993$52,558,414
99$103,661,556$14,157,389$7,100,818$57,387,743
100$114,091,818$14,707,885$7,195,479$62,692,116