Can I retire at age 64 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%14.5%
1 years$264,253$261,899$259,603$257,361$255,172$250,430
2 years$130,818$128,382$126,021$123,731$121,511$116,751
3 years$86,346$83,899$81,544$79,276$77,091$72,462
4 years$64,114$61,675$59,343$57,114$54,982$50,519
5 years$50,778$48,354$46,053$43,869$41,797$37,512
6 years$41,891$39,484$37,217$35,082$33,072$28,972
7 years$35,545$33,159$30,928$28,843$26,897$22,981
8 years$30,788$28,423$26,229$24,196$22,313$18,581
9 years$27,090$24,748$22,591$20,609$18,791$15,241
10 years$24,133$21,814$19,696$17,766$16,011$12,639
11 years$21,716$19,420$17,340$15,461$13,770$10,572
12 years$19,703$17,430$15,388$13,562$11,933$8,905
13 years$18,000$15,752$13,749$11,973$10,406$7,543
14 years$16,543$14,318$12,353$10,628$9,121$6,419
15 years$15,281$13,080$11,153$9,478$8,031$5,483
16 years$14,177$12,000$10,112$8,487$7,098$4,699
17 years$13,205$11,052$9,202$7,625$6,294$4,038
18 years$12,341$10,212$8,400$6,872$5,596$3,478
19 years$11,569$9,465$7,690$6,210$4,988$3,001
20 years$10,876$8,795$7,057$5,624$4,455$2,594
21 years$10,249$8,192$6,491$5,104$3,987$2,245
22 years$9,680$7,647$5,983$4,641$3,574$1,945
23 years$9,161$7,152$5,524$4,226$3,208$1,688
24 years$8,686$6,701$5,109$3,855$2,883$1,465
25 years$8,250$6,289$4,732$3,520$2,595$1,273
26 years$7,848$5,910$4,388$3,219$2,337$1,107
27 years$7,477$5,562$4,075$2,946$2,107$963
28 years$7,132$5,241$3,788$2,699$1,901$838
29 years$6,812$4,945$3,525$2,475$1,717$730
30 years$6,514$4,670$3,284$2,272$1,551$636
31 years$6,235$4,414$3,061$2,087$1,402$554
32 years$5,975$4,177$2,856$1,918$1,269$483
33 years$5,731$3,956$2,667$1,763$1,148$421
34 years$5,501$3,749$2,492$1,622$1,039$367
35 years$5,286$3,556$2,330$1,494$942$320
36 years$5,082$3,375$2,179$1,376$853$280
37 years$4,890$3,206$2,040$1,267$773$244
38 years$4,709$3,046$1,910$1,168$701$213
39 years$4,538$2,897$1,790$1,077$636$186
40 years$4,375$2,756$1,677$993$577$162
41 years$4,221$2,624$1,573$917$523$141
42 years$4,074$2,499$1,475$846$475$124
43 years$3,935$2,381$1,384$781$431$108
44 years$3,802$2,269$1,300$721$391$94
45 years$3,676$2,164$1,220$666$355$82
46 years$3,555$2,064$1,146$615$322$72
47 years$3,440$1,970$1,077$568$293$63
48 years$3,330$1,881$1,012$525$266$55
49 years$3,225$1,796$951$485$241$48
50 years$3,124$1,715$894$449$219$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,200,000, adding $5,576 every year, while hoping to spend $53,729 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: 51/34/15 Blend
63$3,200,000$3,200,000$3,200,000$3,200,000
64$3,532,152$3,362,552$3,312,952$3,697,594
65$3,835,264$3,470,149$3,366,768$3,919,305
66$4,167,493$3,581,219$3,420,587$4,154,115
67$4,531,752$3,695,873$3,474,351$4,408,199
68$4,931,249$3,814,229$3,528,000$4,683,396
69$5,369,518$3,936,409$3,581,471$4,981,724
70$5,850,453$4,062,536$3,634,693$5,305,404
71$6,378,339$4,192,741$3,687,596$5,656,882
72$6,957,902$4,327,157$3,740,102$6,038,848
73$7,594,342$4,465,922$3,792,130$6,454,263
74$8,293,391$4,609,179$3,843,593$6,906,384
75$9,061,363$4,757,074$3,894,399$7,398,800
76$9,905,212$4,909,761$3,944,452$7,935,458
77$10,832,601$5,067,397$3,993,648$8,520,705
78$11,851,971$5,230,144$4,041,880$9,159,326
79$12,972,622$5,398,170$4,089,032$9,856,591
80$14,204,799$5,571,650$4,134,985$10,618,301
81$15,559,791$5,750,764$4,179,609$11,450,846
82$17,050,034$5,935,696$4,222,771$12,361,259
83$18,689,231$6,126,638$4,264,327$13,357,289
84$20,492,479$6,323,790$4,304,128$14,447,469
85$22,476,412$6,527,356$4,342,017$15,641,196
86$24,659,358$6,737,548$4,377,827$16,948,821
87$27,061,511$6,954,586$4,411,382$18,381,744
88$29,705,120$7,178,696$4,442,498$19,952,522
89$32,614,702$7,410,113$4,470,982$21,674,990
90$35,817,272$7,649,078$4,496,630$23,564,382
91$39,342,593$7,895,842$4,519,226$25,637,486
92$43,223,464$8,150,665$4,538,547$27,912,790
93$47,496,023$8,413,813$4,554,354$30,410,665
94$52,200,092$8,685,565$4,566,400$33,153,553
95$57,379,549$8,966,205$4,574,422$36,166,175
96$63,082,745$9,256,031$4,578,147$39,475,768
97$69,362,958$9,555,349$4,577,287$43,112,342
98$76,278,893$9,864,475$4,571,540$47,108,956
99$83,895,243$10,183,737$4,560,590$51,502,037
100$92,283,292$10,513,474$4,544,103$56,331,717