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%14.4%
1 years$264,253$261,899$259,603$257,361$255,172$250,533
2 years$130,818$128,382$126,021$123,731$121,511$116,853
3 years$86,346$83,899$81,544$79,276$77,091$72,561
4 years$64,114$61,675$59,343$57,114$54,982$50,613
5 years$50,778$48,354$46,053$43,869$41,797$37,602
6 years$41,891$39,484$37,217$35,082$33,072$29,057
7 years$35,545$33,159$30,928$28,843$26,897$23,061
8 years$30,788$28,423$26,229$24,196$22,313$18,657
9 years$27,090$24,748$22,591$20,609$18,791$15,312
10 years$24,133$21,814$19,696$17,766$16,011$12,706
11 years$21,716$19,420$17,340$15,461$13,770$10,635
12 years$19,703$17,430$15,388$13,562$11,933$8,964
13 years$18,000$15,752$13,749$11,973$10,406$7,598
14 years$16,543$14,318$12,353$10,628$9,121$6,470
15 years$15,281$13,080$11,153$9,478$8,031$5,531
16 years$14,177$12,000$10,112$8,487$7,098$4,743
17 years$13,205$11,052$9,202$7,625$6,294$4,078
18 years$12,341$10,212$8,400$6,872$5,596$3,515
19 years$11,569$9,465$7,690$6,210$4,988$3,035
20 years$10,876$8,795$7,057$5,624$4,455$2,626
21 years$10,249$8,192$6,491$5,104$3,987$2,274
22 years$9,680$7,647$5,983$4,641$3,574$1,972
23 years$9,161$7,152$5,524$4,226$3,208$1,712
24 years$8,686$6,701$5,109$3,855$2,883$1,488
25 years$8,250$6,289$4,732$3,520$2,595$1,294
26 years$7,848$5,910$4,388$3,219$2,337$1,126
27 years$7,477$5,562$4,075$2,946$2,107$980
28 years$7,132$5,241$3,788$2,699$1,901$854
29 years$6,812$4,945$3,525$2,475$1,717$744
30 years$6,514$4,670$3,284$2,272$1,551$649
31 years$6,235$4,414$3,061$2,087$1,402$566
32 years$5,975$4,177$2,856$1,918$1,269$494
33 years$5,731$3,956$2,667$1,763$1,148$431
34 years$5,501$3,749$2,492$1,622$1,039$376
35 years$5,286$3,556$2,330$1,494$942$328
36 years$5,082$3,375$2,179$1,376$853$287
37 years$4,890$3,206$2,040$1,267$773$250
38 years$4,709$3,046$1,910$1,168$701$219
39 years$4,538$2,897$1,790$1,077$636$191
40 years$4,375$2,756$1,677$993$577$167
41 years$4,221$2,624$1,573$917$523$146
42 years$4,074$2,499$1,475$846$475$127
43 years$3,935$2,381$1,384$781$431$111
44 years$3,802$2,269$1,300$721$391$97
45 years$3,676$2,164$1,220$666$355$85
46 years$3,555$2,064$1,146$615$322$74
47 years$3,440$1,970$1,077$568$293$65
48 years$3,330$1,881$1,012$525$266$57
49 years$3,225$1,796$951$485$241$50
50 years$3,124$1,715$894$449$219$43

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 $5,967 every year, while hoping to spend $20,365 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: 71/17/12 Blend
63$3,200,000$3,200,000$3,200,000$3,200,000
64$3,532,555$3,362,955$3,313,355$3,774,058
65$3,871,207$3,506,072$3,402,684$4,077,986
66$4,243,720$3,655,518$3,494,323$4,407,520
67$4,653,524$3,811,584$3,588,328$4,767,709
68$5,104,403$3,974,570$3,684,756$5,161,571
69$5,600,522$4,144,794$3,783,666$5,592,431
70$6,146,472$4,322,586$3,885,116$6,063,947
71$6,747,313$4,508,293$3,989,167$6,580,145
72$7,408,616$4,702,278$4,095,882$7,145,460
73$8,136,525$4,904,919$4,205,324$7,764,773
74$8,937,806$5,116,615$4,317,558$8,443,456
75$9,819,915$5,337,782$4,432,649$9,187,426
76$10,791,068$5,568,856$4,550,665$10,003,199
77$11,860,320$5,810,292$4,671,674$10,897,947
78$13,037,644$6,062,568$4,795,747$11,879,569
79$14,334,034$6,326,184$4,922,955$12,956,764
80$15,761,602$6,601,664$5,053,370$14,139,111
81$17,333,695$6,889,555$5,187,068$15,437,161
82$19,065,021$7,190,432$5,324,123$16,862,533
83$20,971,785$7,504,896$5,464,614$18,428,024
84$23,071,847$7,833,575$5,608,618$20,147,728
85$25,384,884$8,177,129$5,756,216$22,037,170
86$27,932,582$8,536,248$5,907,489$24,113,450
87$30,738,836$8,911,655$6,062,520$26,395,404
88$33,829,978$9,304,107$6,221,395$28,903,779
89$37,235,023$9,714,395$6,384,199$31,661,430
90$40,985,946$10,143,351$6,551,021$34,693,534
91$45,117,982$10,591,844$6,721,948$38,027,825
92$49,669,955$11,060,784$6,897,073$41,694,855
93$54,684,654$11,551,126$7,076,488$45,728,283
94$60,209,225$12,063,867$7,260,287$50,165,187
95$66,295,625$12,600,055$7,448,565$55,046,419
96$73,001,106$13,160,786$7,641,420$60,416,981
97$80,388,762$13,747,207$7,838,951$66,326,457
98$88,528,117$14,360,522$8,041,257$72,829,469
99$97,495,787$15,001,989$8,248,441$79,986,202
100$107,376,200$15,672,930$8,460,606$87,862,963