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

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$280,769$278,268$275,828$273,446$271,121$263,074
2 years$138,994$136,406$133,897$131,465$129,105$121,065
3 years$91,743$89,143$86,640$84,231$81,910$74,128
4 years$68,121$65,529$63,052$60,683$58,419$50,955
5 years$53,952$51,376$48,931$46,611$44,409$37,283
6 years$44,509$41,952$39,543$37,275$35,139$28,358
7 years$37,767$35,231$32,861$30,646$28,578$22,141
8 years$32,712$30,200$27,869$25,708$23,708$17,612
9 years$28,783$26,294$24,003$21,897$19,965$14,204
10 years$25,642$23,177$20,926$18,876$17,012$11,576
11 years$23,073$20,633$18,423$16,428$14,631$9,512
12 years$20,934$18,519$16,350$14,409$12,679$7,867
13 years$19,126$16,736$14,608$12,721$11,056$6,540
14 years$17,577$15,213$13,125$11,292$9,692$5,460
15 years$16,236$13,897$11,850$10,071$8,533$4,573
16 years$15,063$12,750$10,744$9,017$7,542$3,842
17 years$14,030$11,742$9,777$8,102$6,687$3,235
18 years$13,112$10,851$8,925$7,302$5,946$2,729
19 years$12,293$10,056$8,170$6,598$5,300$2,306
20 years$11,556$9,345$7,498$5,975$4,734$1,952
21 years$10,890$8,704$6,897$5,423$4,236$1,653
22 years$10,285$8,125$6,357$4,931$3,797$1,402
23 years$9,734$7,599$5,869$4,491$3,408$1,190
24 years$9,229$7,120$5,428$4,096$3,064$1,010
25 years$8,766$6,682$5,027$3,740$2,757$859
26 years$8,339$6,280$4,663$3,420$2,483$730
27 years$7,944$5,910$4,330$3,130$2,239$621
28 years$7,578$5,569$4,025$2,868$2,020$528
29 years$7,238$5,254$3,746$2,630$1,824$450
30 years$6,921$4,962$3,489$2,414$1,648$383
31 years$6,625$4,690$3,253$2,217$1,490$326
32 years$6,348$4,438$3,035$2,037$1,348$277
33 years$6,089$4,203$2,834$1,874$1,220$236
34 years$5,845$3,983$2,648$1,724$1,104$201
35 years$5,616$3,778$2,475$1,587$1,000$172
36 years$5,400$3,586$2,316$1,461$906$146
37 years$5,196$3,406$2,167$1,347$821$125
38 years$5,003$3,237$2,030$1,241$745$106
39 years$4,821$3,078$1,901$1,144$675$90
40 years$4,648$2,928$1,782$1,056$613$77
41 years$4,484$2,788$1,671$974$556$66
42 years$4,329$2,655$1,568$899$504$56
43 years$4,181$2,529$1,471$830$458$48
44 years$4,040$2,411$1,381$766$415$41
45 years$3,905$2,299$1,297$707$377$35
46 years$3,777$2,193$1,218$654$342$30
47 years$3,655$2,093$1,144$604$311$25
48 years$3,538$1,998$1,075$558$282$21
49 years$3,426$1,908$1,011$516$256$18
50 years$3,320$1,823$950$477$233$16

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 $6,180 every year, while hoping to spend $49,300 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: 31/47/22 Blend
64$3,400,000$3,400,000$3,400,000$3,400,000
65$3,753,175$3,572,975$3,520,275$3,843,753
66$4,083,544$3,695,596$3,585,749$4,035,605
67$4,445,958$3,822,573$3,651,765$4,237,129
68$4,843,634$3,954,067$3,718,287$4,453,044
69$5,280,115$4,090,247$3,785,280$4,684,637
70$5,759,304$4,231,286$3,852,704$4,933,317
71$6,285,499$4,377,365$3,920,516$5,200,631
72$6,863,437$4,528,673$3,988,670$5,488,282
73$7,498,335$4,685,405$4,057,117$5,798,135
74$8,195,938$4,847,763$4,125,804$6,132,243
75$8,962,580$5,015,960$4,194,675$6,492,859
76$9,805,235$5,190,214$4,263,668$6,882,462
77$10,731,588$5,370,753$4,332,720$7,303,774
78$11,750,104$5,557,814$4,401,760$7,759,788
79$12,870,112$5,751,644$4,470,716$8,253,796
80$14,101,888$5,952,499$4,539,510$8,789,418
81$15,456,754$6,160,645$4,608,057$9,370,633
82$16,947,185$6,376,359$4,676,269$10,001,821
83$18,586,926$6,599,929$4,744,053$10,687,796
84$20,391,122$6,831,655$4,811,308$11,433,858
85$22,376,458$7,071,847$4,877,928$12,245,837
86$24,561,319$7,320,831$4,943,801$13,130,149
87$26,965,964$7,578,942$5,008,809$14,093,851
88$29,612,714$7,846,531$5,072,826$15,144,715
89$32,526,163$8,123,964$5,135,717$16,291,293
90$35,733,412$8,411,618$5,197,344$17,542,997
91$39,264,322$8,709,889$5,257,557$18,910,189
92$43,151,797$9,019,188$5,316,200$20,404,278
93$47,432,094$9,339,942$5,373,106$22,037,822
94$52,145,163$9,672,595$5,428,101$23,824,650
95$57,335,028$10,017,610$5,481,000$25,779,987
96$63,050,198$10,375,470$5,531,611$27,920,598
97$69,344,125$10,746,675$5,579,727$30,264,944
98$76,275,711$11,131,748$5,625,133$32,833,357
99$83,909,862$11,531,231$5,667,603$35,648,226
100$92,318,097$11,945,691$5,706,897$38,734,208