Can I retire at age 64 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$322,058$319,190$316,391$313,659$310,991$306,091
2 years$159,435$156,466$153,588$150,798$148,091$143,167
3 years$105,234$102,252$99,381$96,617$93,955$89,160
4 years$78,139$75,166$72,324$69,607$67,010$62,381
5 years$61,886$58,931$56,127$53,465$50,940$46,491
6 years$51,055$48,122$45,359$42,757$40,307$36,042
7 years$43,321$40,412$37,693$35,153$32,780$28,702
8 years$37,523$34,641$31,967$29,489$27,194$23,301
9 years$33,016$30,161$27,533$25,118$22,902$19,192
10 years$29,412$26,586$24,004$21,652$19,513$15,984
11 years$26,466$23,668$21,133$18,843$16,782$13,429
12 years$24,013$21,243$18,755$16,528$14,543$11,363
13 years$21,938$19,197$16,756$14,592$12,682$9,669
14 years$20,161$17,450$15,055$12,953$11,117$8,267
15 years$18,623$15,941$13,593$11,552$9,788$7,096
16 years$17,278$14,625$12,324$10,343$8,651$6,111
17 years$16,093$13,469$11,214$9,294$7,670$5,278
18 years$15,041$12,446$10,237$8,375$6,820$4,568
19 years$14,100$11,535$9,372$7,568$6,079$3,962
20 years$13,255$10,719$8,601$6,854$5,430$3,443
21 years$12,491$9,984$7,911$6,221$4,859$2,996
22 years$11,797$9,320$7,291$5,656$4,355$2,610
23 years$11,165$8,717$6,732$5,151$3,910$2,276
24 years$10,586$8,167$6,226$4,698$3,514$1,987
25 years$10,055$7,664$5,767$4,290$3,162$1,736
26 years$9,565$7,203$5,348$3,923$2,848$1,518
27 years$9,112$6,779$4,966$3,591$2,568$1,328
28 years$8,692$6,388$4,617$3,290$2,317$1,163
29 years$8,302$6,026$4,296$3,017$2,092$1,018
30 years$7,939$5,691$4,002$2,769$1,891$892
31 years$7,599$5,380$3,731$2,543$1,709$782
32 years$7,282$5,091$3,481$2,337$1,546$686
33 years$6,984$4,821$3,250$2,149$1,399$601
34 years$6,705$4,569$3,037$1,977$1,267$528
35 years$6,442$4,334$2,839$1,820$1,147$463
36 years$6,194$4,113$2,656$1,676$1,040$406
37 years$5,960$3,907$2,486$1,545$942$357
38 years$5,739$3,713$2,328$1,424$854$313
39 years$5,530$3,531$2,181$1,313$775$275
40 years$5,332$3,359$2,044$1,211$703$241
41 years$5,144$3,197$1,917$1,117$637$212
42 years$4,965$3,045$1,798$1,031$578$186
43 years$4,795$2,901$1,687$952$525$163
44 years$4,634$2,766$1,584$879$477$144
45 years$4,480$2,637$1,487$812$433$126
46 years$4,333$2,516$1,397$750$393$111
47 years$4,193$2,401$1,312$693$357$97
48 years$4,059$2,292$1,233$640$324$85
49 years$3,930$2,189$1,159$591$294$75
50 years$3,808$2,091$1,090$547$267$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,900,000, adding $2,435 every year, while hoping to spend $47,194 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: 38/50/12 Blend
63$3,900,000$3,900,000$3,900,000$3,900,000
64$4,300,312$4,093,612$4,033,162$4,447,922
65$4,688,729$4,243,985$4,118,059$4,703,522
66$5,115,184$4,400,144$4,204,218$4,974,802
67$5,583,505$4,562,324$4,291,632$5,266,930
68$6,097,913$4,730,767$4,380,291$5,581,801
69$6,663,054$4,905,729$4,470,184$5,921,492
70$7,284,048$5,087,472$4,561,299$6,288,285
71$7,966,537$5,276,274$4,653,618$6,684,684
72$8,716,734$5,472,423$4,747,125$7,113,441
73$9,541,487$5,676,217$4,841,799$7,577,578
74$10,448,337$5,887,970$4,937,618$8,080,415
75$11,445,594$6,108,008$5,034,555$8,625,599
76$12,542,415$6,336,670$5,132,583$9,217,140
77$13,748,887$6,574,313$5,231,670$9,859,444
78$15,076,124$6,821,305$5,331,782$10,557,356
79$16,536,373$7,078,032$5,432,880$11,316,200
80$18,143,124$7,344,897$5,534,923$12,141,834
81$19,911,246$7,622,320$5,637,866$13,040,698
82$21,857,118$7,910,739$5,741,660$14,019,874
83$23,998,789$8,210,610$5,846,250$15,087,154
84$26,356,146$8,522,411$5,951,581$16,251,110
85$28,951,103$8,846,639$6,057,588$17,521,170
86$31,807,803$9,183,812$6,164,205$18,907,710
87$34,952,854$9,534,473$6,271,361$20,422,146
88$38,415,570$9,899,188$6,378,976$22,077,043
89$42,228,255$10,278,545$6,486,969$23,886,227
90$46,426,505$10,673,161$6,595,250$25,864,915
91$51,049,541$11,083,679$6,703,724$28,029,858
92$56,140,585$11,510,769$6,812,289$30,399,495
93$61,747,260$11,955,133$6,920,837$32,994,123
94$67,922,047$12,417,501$7,029,251$35,836,088
95$74,722,774$12,898,637$7,137,410$38,949,992
96$82,213,165$13,399,338$7,245,180$42,362,921
97$90,463,439$13,920,436$7,352,425$46,104,701
98$99,550,973$14,462,801$7,458,994$50,208,171
99$109,561,034$15,027,340$7,564,733$54,709,494
100$120,587,581$15,615,001$7,669,473$59,648,495