Can I retire at age 65 with 3,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$280,769$278,268$275,828$273,446$271,121$264,459
2 years$138,994$136,406$133,897$131,465$129,105$122,435
3 years$91,743$89,143$86,640$84,231$81,910$75,439
4 years$68,121$65,529$63,052$60,683$58,419$52,198
5 years$53,952$51,376$48,931$46,611$44,409$38,455
6 years$44,509$41,952$39,543$37,275$35,139$29,458
7 years$37,767$35,231$32,861$30,646$28,578$23,170
8 years$32,712$30,200$27,869$25,708$23,708$18,571
9 years$28,783$26,294$24,003$21,897$19,965$15,096
10 years$25,642$23,177$20,926$18,876$17,012$12,403
11 years$23,073$20,633$18,423$16,428$14,631$10,277
12 years$20,934$18,519$16,350$14,409$12,679$8,572
13 years$19,126$16,736$14,608$12,721$11,056$7,189
14 years$17,577$15,213$13,125$11,292$9,692$6,056
15 years$16,236$13,897$11,850$10,071$8,533$5,119
16 years$15,063$12,750$10,744$9,017$7,542$4,341
17 years$14,030$11,742$9,777$8,102$6,687$3,690
18 years$13,112$10,851$8,925$7,302$5,946$3,143
19 years$12,293$10,056$8,170$6,598$5,300$2,682
20 years$11,556$9,345$7,498$5,975$4,734$2,292
21 years$10,890$8,704$6,897$5,423$4,236$1,961
22 years$10,285$8,125$6,357$4,931$3,797$1,680
23 years$9,734$7,599$5,869$4,491$3,408$1,440
24 years$9,229$7,120$5,428$4,096$3,064$1,236
25 years$8,766$6,682$5,027$3,740$2,757$1,061
26 years$8,339$6,280$4,663$3,420$2,483$912
27 years$7,944$5,910$4,330$3,130$2,239$784
28 years$7,578$5,569$4,025$2,868$2,020$674
29 years$7,238$5,254$3,746$2,630$1,824$580
30 years$6,921$4,962$3,489$2,414$1,648$499
31 years$6,625$4,690$3,253$2,217$1,490$429
32 years$6,348$4,438$3,035$2,037$1,348$369
33 years$6,089$4,203$2,834$1,874$1,220$318
34 years$5,845$3,983$2,648$1,724$1,104$274
35 years$5,616$3,778$2,475$1,587$1,000$236
36 years$5,400$3,586$2,316$1,461$906$203
37 years$5,196$3,406$2,167$1,347$821$175
38 years$5,003$3,237$2,030$1,241$745$151
39 years$4,821$3,078$1,901$1,144$675$130
40 years$4,648$2,928$1,782$1,056$613$112
41 years$4,484$2,788$1,671$974$556$97
42 years$4,329$2,655$1,568$899$504$83
43 years$4,181$2,529$1,471$830$458$72
44 years$4,040$2,411$1,381$766$415$62
45 years$3,905$2,299$1,297$707$377$53
46 years$3,777$2,193$1,218$654$342$46
47 years$3,655$2,093$1,144$604$311$40
48 years$3,538$1,998$1,075$558$282$34
49 years$3,426$1,908$1,011$516$256$29
50 years$3,320$1,823$950$477$233$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $3,400,000, adding $4,489 every year, while hoping to spend $56,666 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: 50/22/28 Blend
64$3,400,000$3,400,000$3,400,000$3,400,000
65$3,751,430$3,571,230$3,518,530$3,909,070
66$4,073,784$3,685,929$3,576,109$4,134,438
67$4,427,119$3,804,348$3,633,717$4,373,260
68$4,814,534$3,926,610$3,691,296$4,631,744
69$5,239,446$4,052,843$3,748,784$4,911,781
70$5,705,614$4,183,177$3,806,112$5,215,457
71$6,217,181$4,317,747$3,863,212$5,545,062
72$6,778,710$4,456,693$3,920,006$5,903,124
73$7,395,227$4,600,160$3,976,415$6,292,421
74$8,072,270$4,748,297$4,032,354$6,716,014
75$8,815,936$4,901,259$4,087,733$7,177,273
76$9,632,946$5,059,205$4,142,457$7,679,911
77$10,530,702$5,222,301$4,196,424$8,228,015
78$11,517,357$5,390,717$4,249,528$8,826,086
79$12,601,895$5,564,630$4,301,655$9,479,083
80$13,794,214$5,744,223$4,352,686$10,192,467
81$15,105,217$5,929,683$4,402,494$10,972,253
82$16,546,919$6,121,207$4,450,947$11,825,067
83$18,132,555$6,318,997$4,497,904$12,758,208
84$19,876,708$6,523,260$4,543,216$13,779,718
85$21,795,446$6,734,213$4,586,728$14,898,454
86$23,906,471$6,952,079$4,628,273$16,124,173
87$26,229,289$7,177,089$4,667,678$17,467,628
88$28,785,392$7,409,482$4,704,761$18,940,663
89$31,598,460$7,649,504$4,739,328$20,556,326
90$34,694,585$7,897,412$4,771,178$22,328,996
91$38,102,517$8,153,470$4,800,096$24,274,512
92$41,853,934$8,417,950$4,825,860$26,410,329
93$45,983,742$8,691,137$4,848,233$28,755,676
94$50,530,402$8,973,321$4,866,968$31,331,742
95$55,536,296$9,264,807$4,881,804$34,161,874
96$61,048,123$9,565,907$4,892,469$37,271,797
97$67,117,341$9,876,945$4,898,676$40,689,856
98$73,800,651$10,198,257$4,900,123$44,447,285
99$81,160,535$10,530,190$4,896,495$48,578,499
100$89,265,843$10,873,102$4,887,460$53,121,422