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%17.3%
1 years$264,253$261,899$259,603$257,361$255,172$247,599
2 years$130,818$128,382$126,021$123,731$121,511$113,944
3 years$86,346$83,899$81,544$79,276$77,091$69,767
4 years$64,114$61,675$59,343$57,114$54,982$47,957
5 years$50,778$48,354$46,053$43,869$41,797$35,090
6 years$41,891$39,484$37,217$35,082$33,072$26,690
7 years$35,545$33,159$30,928$28,843$26,897$20,839
8 years$30,788$28,423$26,229$24,196$22,313$16,576
9 years$27,090$24,748$22,591$20,609$18,791$13,368
10 years$24,133$21,814$19,696$17,766$16,011$10,895
11 years$21,716$19,420$17,340$15,461$13,770$8,953
12 years$19,703$17,430$15,388$13,562$11,933$7,404
13 years$18,000$15,752$13,749$11,973$10,406$6,155
14 years$16,543$14,318$12,353$10,628$9,121$5,138
15 years$15,281$13,080$11,153$9,478$8,031$4,304
16 years$14,177$12,000$10,112$8,487$7,098$3,616
17 years$13,205$11,052$9,202$7,625$6,294$3,045
18 years$12,341$10,212$8,400$6,872$5,596$2,569
19 years$11,569$9,465$7,690$6,210$4,988$2,171
20 years$10,876$8,795$7,057$5,624$4,455$1,837
21 years$10,249$8,192$6,491$5,104$3,987$1,556
22 years$9,680$7,647$5,983$4,641$3,574$1,320
23 years$9,161$7,152$5,524$4,226$3,208$1,120
24 years$8,686$6,701$5,109$3,855$2,883$951
25 years$8,250$6,289$4,732$3,520$2,595$808
26 years$7,848$5,910$4,388$3,219$2,337$687
27 years$7,477$5,562$4,075$2,946$2,107$584
28 years$7,132$5,241$3,788$2,699$1,901$497
29 years$6,812$4,945$3,525$2,475$1,717$423
30 years$6,514$4,670$3,284$2,272$1,551$360
31 years$6,235$4,414$3,061$2,087$1,402$307
32 years$5,975$4,177$2,856$1,918$1,269$261
33 years$5,731$3,956$2,667$1,763$1,148$222
34 years$5,501$3,749$2,492$1,622$1,039$189
35 years$5,286$3,556$2,330$1,494$942$161
36 years$5,082$3,375$2,179$1,376$853$138
37 years$4,890$3,206$2,040$1,267$773$117
38 years$4,709$3,046$1,910$1,168$701$100
39 years$4,538$2,897$1,790$1,077$636$85
40 years$4,375$2,756$1,677$993$577$73
41 years$4,221$2,624$1,573$917$523$62
42 years$4,074$2,499$1,475$846$475$53
43 years$3,935$2,381$1,384$781$431$45
44 years$3,802$2,269$1,300$721$391$38
45 years$3,676$2,164$1,220$666$355$33
46 years$3,555$2,064$1,146$615$322$28
47 years$3,440$1,970$1,077$568$293$24
48 years$3,330$1,881$1,012$525$266$20
49 years$3,225$1,796$951$485$241$17
50 years$3,124$1,715$894$449$219$15

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 $4,098 every year, while hoping to spend $33,746 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: 39/44/17 Blend
63$3,200,000$3,200,000$3,200,000$3,200,000
64$3,530,627$3,361,027$3,311,427$3,650,226
65$3,854,846$3,489,812$3,386,454$3,864,883
66$4,211,003$3,623,776$3,462,864$4,093,286
67$4,602,322$3,763,138$3,540,667$4,339,539
68$5,032,353$3,908,125$3,619,873$4,605,274
69$5,505,005$4,058,976$3,700,491$4,892,284
70$6,024,587$4,215,937$3,782,529$5,202,537
71$6,595,846$4,379,269$3,865,994$5,538,193
72$7,224,011$4,549,242$3,950,894$5,901,626
73$7,914,844$4,726,138$4,037,232$6,295,444
74$8,674,691$4,910,253$4,125,013$6,722,511
75$9,510,549$5,101,894$4,214,240$7,185,977
76$10,430,121$5,301,383$4,304,913$7,689,301
77$11,441,899$5,509,056$4,397,034$8,236,288
78$12,555,237$5,725,265$4,490,599$8,831,121
79$13,780,443$5,950,374$4,585,606$9,478,397
80$15,128,874$6,184,769$4,682,049$10,183,175
81$16,613,044$6,428,847$4,779,923$10,951,015
82$18,246,742$6,683,028$4,879,218$11,788,035
83$20,045,161$6,947,747$4,979,922$12,700,965
84$22,025,042$7,223,461$5,082,024$13,697,208
85$24,204,832$7,510,647$5,185,508$14,784,910
86$26,604,857$7,809,801$5,290,355$15,973,032
87$29,247,515$8,121,444$5,396,545$17,271,439
88$32,157,487$8,446,120$5,504,054$18,690,983
89$35,361,968$8,784,397$5,612,857$20,243,611
90$38,890,926$9,136,869$5,722,925$21,942,471
91$42,777,381$9,504,157$5,834,223$23,802,036
92$47,057,721$9,886,908$5,946,717$25,838,238
93$51,772,043$10,285,801$6,060,366$28,068,615
94$56,964,530$10,701,544$6,175,128$30,512,476
95$62,683,871$11,134,878$6,290,953$33,191,081
96$68,983,717$11,586,578$6,407,791$36,127,835
97$75,923,189$12,057,454$6,525,585$39,348,513
98$83,567,436$12,548,351$6,644,274$42,881,493
99$91,988,248$13,060,154$6,763,791$46,758,027
100$101,264,737$13,593,789$6,884,066$51,012,531