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%18.3%
1 years$322,058$319,190$316,391$313,659$310,991$300,555
2 years$159,435$156,466$153,588$150,798$148,091$137,680
3 years$105,234$102,252$99,381$96,617$93,955$83,896
4 years$78,139$75,166$72,324$69,607$67,010$57,379
5 years$61,886$58,931$56,127$53,465$50,940$41,763
6 years$51,055$48,122$45,359$42,757$40,307$31,592
7 years$43,321$40,412$37,693$35,153$32,780$24,526
8 years$37,523$34,641$31,967$29,489$27,194$19,394
9 years$33,016$30,161$27,533$25,118$22,902$15,546
10 years$29,412$26,586$24,004$21,652$19,513$12,591
11 years$26,466$23,668$21,133$18,843$16,782$10,279
12 years$24,013$21,243$18,755$16,528$14,543$8,445
13 years$21,938$19,197$16,756$14,592$12,682$6,973
14 years$20,161$17,450$15,055$12,953$11,117$5,781
15 years$18,623$15,941$13,593$11,552$9,788$4,808
16 years$17,278$14,625$12,324$10,343$8,651$4,010
17 years$16,093$13,469$11,214$9,294$7,670$3,352
18 years$15,041$12,446$10,237$8,375$6,820$2,807
19 years$14,100$11,535$9,372$7,568$6,079$2,354
20 years$13,255$10,719$8,601$6,854$5,430$1,977
21 years$12,491$9,984$7,911$6,221$4,859$1,662
22 years$11,797$9,320$7,291$5,656$4,355$1,398
23 years$11,165$8,717$6,732$5,151$3,910$1,177
24 years$10,586$8,167$6,226$4,698$3,514$992
25 years$10,055$7,664$5,767$4,290$3,162$836
26 years$9,565$7,203$5,348$3,923$2,848$705
27 years$9,112$6,779$4,966$3,591$2,568$595
28 years$8,692$6,388$4,617$3,290$2,317$502
29 years$8,302$6,026$4,296$3,017$2,092$424
30 years$7,939$5,691$4,002$2,769$1,891$358
31 years$7,599$5,380$3,731$2,543$1,709$302
32 years$7,282$5,091$3,481$2,337$1,546$255
33 years$6,984$4,821$3,250$2,149$1,399$216
34 years$6,705$4,569$3,037$1,977$1,267$182
35 years$6,442$4,334$2,839$1,820$1,147$154
36 years$6,194$4,113$2,656$1,676$1,040$130
37 years$5,960$3,907$2,486$1,545$942$110
38 years$5,739$3,713$2,328$1,424$854$93
39 years$5,530$3,531$2,181$1,313$775$78
40 years$5,332$3,359$2,044$1,211$703$66
41 years$5,144$3,197$1,917$1,117$637$56
42 years$4,965$3,045$1,798$1,031$578$47
43 years$4,795$2,901$1,687$952$525$40
44 years$4,634$2,766$1,584$879$477$34
45 years$4,480$2,637$1,487$812$433$29
46 years$4,333$2,516$1,397$750$393$24
47 years$4,193$2,401$1,312$693$357$20
48 years$4,059$2,292$1,233$640$324$17
49 years$3,930$2,189$1,159$591$294$15
50 years$3,808$2,091$1,090$547$267$12

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 $6,463 every year, while hoping to spend $51,506 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: 57/33/10 Blend
63$3,900,000$3,900,000$3,900,000$3,900,000
64$4,304,467$4,097,767$4,037,317$4,539,070
65$4,688,720$4,243,755$4,117,765$4,844,060
66$5,110,441$4,395,171$4,199,182$5,169,924
67$5,573,398$4,552,225$4,281,545$5,523,744
68$6,081,738$4,715,139$4,364,831$5,908,199
69$6,640,036$4,884,140$4,449,013$6,326,238
70$7,253,325$5,059,469$4,534,061$6,781,105
71$7,927,154$5,241,373$4,619,941$7,276,365
72$8,667,634$5,430,110$4,706,620$7,815,946
73$9,481,498$5,625,951$4,794,057$8,404,164
74$10,376,164$5,829,176$4,882,211$9,045,772
75$11,359,804$6,040,077$4,971,036$9,746,000
76$12,441,421$6,258,957$5,060,483$10,510,604
77$13,630,935$6,486,135$5,150,498$11,345,920
78$14,939,274$6,721,940$5,241,024$12,258,919
79$16,378,481$6,966,717$5,332,000$13,257,280
80$17,961,822$7,220,822$5,423,358$14,349,452
81$19,703,916$7,484,629$5,515,027$15,544,740
82$21,620,867$7,758,528$5,606,933$16,853,388
83$23,730,422$8,042,923$5,698,992$18,286,675
84$26,052,136$8,338,236$5,791,119$19,857,020
85$28,607,552$8,644,908$5,883,220$21,578,100
86$31,420,411$8,963,397$5,975,196$23,464,976
87$34,516,870$9,294,181$6,066,943$25,534,232
88$37,925,753$9,637,759$6,158,347$27,804,136
89$41,678,819$9,994,648$6,249,291$30,294,804
90$45,811,064$10,365,391$6,339,648$33,028,393
91$50,361,050$10,750,552$6,429,283$36,029,307
92$55,371,268$11,150,720$6,518,055$39,324,426
93$60,888,540$11,566,508$6,605,812$42,943,358
94$66,964,459$11,998,556$6,692,396$46,918,716
95$73,655,880$12,447,530$6,777,636$51,286,426
96$81,025,447$12,914,127$6,861,355$56,086,060
97$89,142,196$13,399,073$6,943,364$61,361,215
98$98,082,197$13,903,124$7,023,463$67,159,914
99$107,929,273$14,427,069$7,101,441$73,535,062
100$118,775,796$14,971,732$7,177,076$80,544,945