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%11.9%
1 years$322,058$319,190$316,391$313,659$310,991$308,515
2 years$159,435$156,466$153,588$150,798$148,091$145,594
3 years$105,234$102,252$99,381$96,617$93,955$91,516
4 years$78,139$75,166$72,324$69,607$67,010$64,647
5 years$61,886$58,931$56,127$53,465$50,940$48,660
6 years$51,055$48,122$45,359$42,757$40,307$38,113
7 years$43,321$40,412$37,693$35,153$32,780$30,674
8 years$37,523$34,641$31,967$29,489$27,194$25,175
9 years$33,016$30,161$27,533$25,118$22,902$20,969
10 years$29,412$26,586$24,004$21,652$19,513$17,666
11 years$26,466$23,668$21,133$18,843$16,782$15,018
12 years$24,013$21,243$18,755$16,528$14,543$12,862
13 years$21,938$19,197$16,756$14,592$12,682$11,081
14 years$20,161$17,450$15,055$12,953$11,117$9,595
15 years$18,623$15,941$13,593$11,552$9,788$8,343
16 years$17,278$14,625$12,324$10,343$8,651$7,279
17 years$16,093$13,469$11,214$9,294$7,670$6,371
18 years$15,041$12,446$10,237$8,375$6,820$5,590
19 years$14,100$11,535$9,372$7,568$6,079$4,916
20 years$13,255$10,719$8,601$6,854$5,430$4,332
21 years$12,491$9,984$7,911$6,221$4,859$3,823
22 years$11,797$9,320$7,291$5,656$4,355$3,379
23 years$11,165$8,717$6,732$5,151$3,910$2,990
24 years$10,586$8,167$6,226$4,698$3,514$2,649
25 years$10,055$7,664$5,767$4,290$3,162$2,350
26 years$9,565$7,203$5,348$3,923$2,848$2,086
27 years$9,112$6,779$4,966$3,591$2,568$1,853
28 years$8,692$6,388$4,617$3,290$2,317$1,647
29 years$8,302$6,026$4,296$3,017$2,092$1,465
30 years$7,939$5,691$4,002$2,769$1,891$1,303
31 years$7,599$5,380$3,731$2,543$1,709$1,160
32 years$7,282$5,091$3,481$2,337$1,546$1,034
33 years$6,984$4,821$3,250$2,149$1,399$921
34 years$6,705$4,569$3,037$1,977$1,267$821
35 years$6,442$4,334$2,839$1,820$1,147$732
36 years$6,194$4,113$2,656$1,676$1,040$653
37 years$5,960$3,907$2,486$1,545$942$582
38 years$5,739$3,713$2,328$1,424$854$519
39 years$5,530$3,531$2,181$1,313$775$463
40 years$5,332$3,359$2,044$1,211$703$414
41 years$5,144$3,197$1,917$1,117$637$369
42 years$4,965$3,045$1,798$1,031$578$329
43 years$4,795$2,901$1,687$952$525$294
44 years$4,634$2,766$1,584$879$477$263
45 years$4,480$2,637$1,487$812$433$235
46 years$4,333$2,516$1,397$750$393$209
47 years$4,193$2,401$1,312$693$357$187
48 years$4,059$2,292$1,233$640$324$167
49 years$3,930$2,189$1,159$591$294$149
50 years$3,808$2,091$1,090$547$267$133

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 $2,912 every year, while hoping to spend $39,369 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: 52/21/27 Blend
63$3,900,000$3,900,000$3,900,000$3,900,000
64$4,300,804$4,094,104$4,033,654$4,491,776
65$4,697,597$4,252,826$4,126,893$4,783,387
66$5,133,545$4,418,007$4,221,936$5,096,206
67$5,612,597$4,589,921$4,318,802$5,435,722
68$6,139,109$4,768,854$4,417,509$5,804,497
69$6,717,878$4,955,107$4,518,075$6,205,351
70$7,354,187$5,148,993$4,620,516$6,641,387
71$8,053,858$5,350,838$4,724,847$7,116,016
72$8,823,307$5,560,984$4,831,085$7,632,994
73$9,669,600$5,779,788$4,939,242$8,196,453
74$10,600,524$6,007,622$5,049,331$8,810,942
75$11,624,658$6,244,876$5,161,364$9,481,465
76$12,751,454$6,491,956$5,275,351$10,213,531
77$13,991,327$6,749,287$5,391,301$11,013,205
78$15,355,753$7,017,313$5,509,220$11,887,162
79$16,857,376$7,296,498$5,629,115$12,842,753
80$18,510,128$7,587,325$5,750,989$13,888,068
81$20,329,359$7,890,302$5,874,846$15,032,016
82$22,331,984$8,205,958$6,000,684$16,284,408
83$24,536,642$8,534,845$6,128,502$17,656,044
84$26,963,869$8,877,542$6,258,296$19,158,821
85$29,636,294$9,234,652$6,390,060$20,805,835
86$32,578,854$9,606,807$6,523,784$22,611,514
87$35,819,023$9,994,667$6,659,457$24,591,745
88$39,387,079$10,398,922$6,797,065$26,764,024
89$43,316,385$10,820,292$6,936,590$29,147,626
90$47,643,702$11,259,532$7,078,011$31,763,776
91$52,409,540$11,717,430$7,221,305$34,635,855
92$57,658,538$12,194,809$7,366,444$37,789,617
93$63,439,886$12,692,532$7,513,397$41,253,430
94$69,807,787$13,211,498$7,662,128$45,058,546
95$76,821,970$13,752,650$7,812,598$49,239,386
96$84,548,254$14,316,974$7,964,764$53,833,874
97$93,059,168$14,905,497$8,118,575$58,883,784
98$102,434,636$15,519,299$8,273,980$64,435,139
99$112,762,729$16,159,506$8,430,919$70,538,640
100$124,140,500$16,827,294$8,589,328$77,250,143