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%13.8%
1 years$264,253$261,899$259,603$257,361$255,172$251,152
2 years$130,818$128,382$126,021$123,731$121,511$117,471
3 years$86,346$83,899$81,544$79,276$77,091$73,157
4 years$64,114$61,675$59,343$57,114$54,982$51,184
5 years$50,778$48,354$46,053$43,869$41,797$38,146
6 years$41,891$39,484$37,217$35,082$33,072$29,573
7 years$35,545$33,159$30,928$28,843$26,897$23,550
8 years$30,788$28,423$26,229$24,196$22,313$19,119
9 years$27,090$24,748$22,591$20,609$18,791$15,747
10 years$24,133$21,814$19,696$17,766$16,011$13,115
11 years$21,716$19,420$17,340$15,461$13,770$11,019
12 years$19,703$17,430$15,388$13,562$11,933$9,323
13 years$18,000$15,752$13,749$11,973$10,406$7,934
14 years$16,543$14,318$12,353$10,628$9,121$6,784
15 years$15,281$13,080$11,153$9,478$8,031$5,823
16 years$14,177$12,000$10,112$8,487$7,098$5,014
17 years$13,205$11,052$9,202$7,625$6,294$4,330
18 years$12,341$10,212$8,400$6,872$5,596$3,748
19 years$11,569$9,465$7,690$6,210$4,988$3,251
20 years$10,876$8,795$7,057$5,624$4,455$2,825
21 years$10,249$8,192$6,491$5,104$3,987$2,458
22 years$9,680$7,647$5,983$4,641$3,574$2,142
23 years$9,161$7,152$5,524$4,226$3,208$1,868
24 years$8,686$6,701$5,109$3,855$2,883$1,631
25 years$8,250$6,289$4,732$3,520$2,595$1,425
26 years$7,848$5,910$4,388$3,219$2,337$1,246
27 years$7,477$5,562$4,075$2,946$2,107$1,090
28 years$7,132$5,241$3,788$2,699$1,901$954
29 years$6,812$4,945$3,525$2,475$1,717$836
30 years$6,514$4,670$3,284$2,272$1,551$732
31 years$6,235$4,414$3,061$2,087$1,402$642
32 years$5,975$4,177$2,856$1,918$1,269$563
33 years$5,731$3,956$2,667$1,763$1,148$493
34 years$5,501$3,749$2,492$1,622$1,039$433
35 years$5,286$3,556$2,330$1,494$942$380
36 years$5,082$3,375$2,179$1,376$853$333
37 years$4,890$3,206$2,040$1,267$773$293
38 years$4,709$3,046$1,910$1,168$701$257
39 years$4,538$2,897$1,790$1,077$636$225
40 years$4,375$2,756$1,677$993$577$198
41 years$4,221$2,624$1,573$917$523$174
42 years$4,074$2,499$1,475$846$475$153
43 years$3,935$2,381$1,384$781$431$134
44 years$3,802$2,269$1,300$721$391$118
45 years$3,676$2,164$1,220$666$355$103
46 years$3,555$2,064$1,146$615$322$91
47 years$3,440$1,970$1,077$568$293$80
48 years$3,330$1,881$1,012$525$266$70
49 years$3,225$1,796$951$485$241$62
50 years$3,124$1,715$894$449$219$54

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 $3,819 every year, while hoping to spend $20,534 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: 26/44/30 Blend
63$3,200,000$3,200,000$3,200,000$3,200,000
64$3,530,339$3,360,739$3,311,139$3,589,085
65$3,868,586$3,503,568$3,400,214$3,781,040
66$4,240,645$3,652,706$3,491,585$3,984,849
67$4,649,945$3,808,443$3,585,307$4,203,103
68$5,100,261$3,971,078$3,681,437$4,437,041
69$5,595,754$4,140,927$3,780,031$4,688,018
70$6,141,008$4,318,320$3,881,150$4,957,519
71$6,741,075$4,503,601$3,984,852$5,247,168
72$7,401,519$4,697,132$4,091,199$5,558,745
73$8,128,473$4,899,291$4,200,253$5,894,203
74$8,928,695$5,110,474$4,312,079$6,255,679
75$9,809,630$5,331,094$4,426,742$6,645,518
76$10,779,481$5,561,587$4,544,307$7,066,292
77$11,847,289$5,802,406$4,664,842$7,520,821
78$13,023,015$6,054,027$4,788,417$8,012,200
79$14,317,636$6,316,947$4,915,102$8,543,827
80$15,743,245$6,591,688$5,044,968$9,119,428
81$17,313,170$6,878,795$5,178,089$9,743,098
82$19,042,098$7,178,840$5,314,539$10,419,332
83$20,946,210$7,492,421$5,454,394$11,153,064
84$23,043,338$7,820,165$5,597,731$11,949,719
85$25,353,134$8,162,728$5,744,630$12,815,252
86$27,897,248$8,520,796$5,895,170$13,756,212
87$30,699,542$8,895,090$6,049,433$14,779,790
88$33,786,309$9,286,363$6,207,503$15,893,895
89$37,186,522$9,695,404$6,369,463$17,107,218
90$40,932,107$10,123,039$6,535,400$18,429,316
91$45,058,248$10,570,133$6,705,402$19,870,694
92$49,603,714$11,037,594$6,879,557$21,442,909
93$54,611,227$11,526,371$7,057,957$23,158,667
94$60,127,866$12,037,458$7,240,693$25,031,944
95$66,205,511$12,571,896$7,427,859$27,078,115
96$72,901,331$13,130,776$7,619,550$29,314,094
97$80,278,324$13,715,242$7,815,862$31,758,487
98$88,405,915$14,326,490$8,016,895$34,431,770
99$97,360,604$14,965,773$8,222,747$37,356,471
100$107,226,696$15,634,407$8,433,519$40,557,382