Can I retire at age 65 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$264,253$261,899$259,603$257,361$255,172$252,823
2 years$130,818$128,382$126,021$123,731$121,511$119,144
3 years$86,346$83,899$81,544$79,276$77,091$74,780
4 years$64,114$61,675$59,343$57,114$54,982$52,745
5 years$50,778$48,354$46,053$43,869$41,797$39,639
6 years$41,891$39,484$37,217$35,082$33,072$30,997
7 years$35,545$33,159$30,928$28,843$26,897$24,905
8 years$30,788$28,423$26,229$24,196$22,313$20,406
9 years$27,090$24,748$22,591$20,609$18,791$16,966
10 years$24,133$21,814$19,696$17,766$16,011$14,268
11 years$21,716$19,420$17,340$15,461$13,770$12,108
12 years$19,703$17,430$15,388$13,562$11,933$10,349
13 years$18,000$15,752$13,749$11,973$10,406$8,899
14 years$16,543$14,318$12,353$10,628$9,121$7,691
15 years$15,281$13,080$11,153$9,478$8,031$6,673
16 years$14,177$12,000$10,112$8,487$7,098$5,811
17 years$13,205$11,052$9,202$7,625$6,294$5,075
18 years$12,341$10,212$8,400$6,872$5,596$4,444
19 years$11,569$9,465$7,690$6,210$4,988$3,900
20 years$10,876$8,795$7,057$5,624$4,455$3,428
21 years$10,249$8,192$6,491$5,104$3,987$3,019
22 years$9,680$7,647$5,983$4,641$3,574$2,663
23 years$9,161$7,152$5,524$4,226$3,208$2,351
24 years$8,686$6,701$5,109$3,855$2,883$2,078
25 years$8,250$6,289$4,732$3,520$2,595$1,839
26 years$7,848$5,910$4,388$3,219$2,337$1,628
27 years$7,477$5,562$4,075$2,946$2,107$1,443
28 years$7,132$5,241$3,788$2,699$1,901$1,279
29 years$6,812$4,945$3,525$2,475$1,717$1,135
30 years$6,514$4,670$3,284$2,272$1,551$1,008
31 years$6,235$4,414$3,061$2,087$1,402$895
32 years$5,975$4,177$2,856$1,918$1,269$795
33 years$5,731$3,956$2,667$1,763$1,148$707
34 years$5,501$3,749$2,492$1,622$1,039$628
35 years$5,286$3,556$2,330$1,494$942$559
36 years$5,082$3,375$2,179$1,376$853$497
37 years$4,890$3,206$2,040$1,267$773$442
38 years$4,709$3,046$1,910$1,168$701$394
39 years$4,538$2,897$1,790$1,077$636$350
40 years$4,375$2,756$1,677$993$577$312
41 years$4,221$2,624$1,573$917$523$278
42 years$4,074$2,499$1,475$846$475$247
43 years$3,935$2,381$1,384$781$431$220
44 years$3,802$2,269$1,300$721$391$196
45 years$3,676$2,164$1,220$666$355$175
46 years$3,555$2,064$1,146$615$322$155
47 years$3,440$1,970$1,077$568$293$139
48 years$3,330$1,881$1,012$525$266$123
49 years$3,225$1,796$951$485$241$110
50 years$3,124$1,715$894$449$219$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,200,000, adding $3,933 every year, while hoping to spend $31,618 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: 48/25/27 Blend
64$3,200,000$3,200,000$3,200,000$3,200,000
65$3,530,457$3,360,857$3,311,257$3,672,560
66$3,856,922$3,491,898$3,388,543$3,903,827
67$4,215,627$3,628,300$3,467,358$4,151,407
68$4,609,827$3,770,292$3,547,720$4,419,662
69$5,043,108$3,918,115$3,629,647$4,710,557
70$5,519,420$4,072,018$3,713,156$5,026,252
71$6,043,117$4,232,262$3,798,262$5,369,124
72$6,618,993$4,399,122$3,884,982$5,741,784
73$7,252,332$4,572,880$3,973,331$6,147,106
74$7,948,955$4,753,837$4,063,323$6,588,252
75$8,715,276$4,942,302$4,154,971$7,068,699
76$9,558,360$5,138,601$4,248,289$7,592,275
77$10,485,994$5,343,073$4,343,288$8,163,189
78$11,506,756$5,556,074$4,439,978$8,786,077
79$12,630,098$5,777,975$4,538,371$9,466,037
80$13,866,435$6,009,163$4,638,473$10,208,684
81$15,227,243$6,250,043$4,740,293$11,020,195
82$16,725,165$6,501,039$4,843,837$11,907,371
83$18,374,135$6,762,593$4,949,109$12,877,701
84$20,189,505$7,035,168$5,056,112$13,939,427
85$22,188,190$7,319,247$5,164,848$15,101,623
86$24,388,831$7,615,336$5,275,316$16,374,283
87$26,811,967$7,923,963$5,387,514$17,768,410
88$29,480,231$8,245,680$5,501,438$19,296,117
89$32,418,560$8,581,064$5,617,083$20,970,748
90$35,654,437$8,930,720$5,734,438$22,806,994
91$39,218,142$9,295,278$5,853,495$24,821,036
92$43,143,045$9,675,398$5,974,239$27,030,693
93$47,465,914$10,071,771$6,096,654$29,455,593
94$52,227,267$10,485,118$6,220,722$32,117,351
95$57,471,753$10,916,194$6,346,421$35,039,777
96$63,248,572$11,365,787$6,473,726$38,249,096
97$69,611,939$11,834,723$6,602,609$41,774,194
98$76,621,598$12,323,866$6,733,037$45,646,891
99$84,343,383$12,834,118$6,864,976$49,902,238
100$92,849,842$13,366,423$6,998,387$54,578,846