Can I retire at age 64 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$272,511$270,084$267,715$265,404$263,147$254,825
2 years$134,906$132,394$129,959$127,598$125,308$117,000
3 years$89,044$86,521$84,092$81,753$79,500$71,466
4 years$66,118$63,602$61,197$58,899$56,700$49,001
5 years$52,365$49,865$47,492$45,240$43,103$35,760
6 years$43,200$40,718$38,380$36,179$34,106$27,125
7 years$36,656$34,195$31,894$29,744$27,737$21,118
8 years$31,750$29,312$27,049$24,952$23,011$16,749
9 years$27,937$25,521$23,297$21,253$19,378$13,467
10 years$24,887$22,496$20,311$18,321$16,511$10,941
11 years$22,394$20,026$17,881$15,944$14,200$8,961
12 years$20,318$17,975$15,869$13,985$12,306$7,387
13 years$18,563$16,244$14,178$12,347$10,731$6,120
14 years$17,060$14,765$12,739$10,960$9,406$5,091
15 years$15,758$13,488$11,502$9,775$8,282$4,250
16 years$14,620$12,375$10,428$8,752$7,320$3,557
17 years$13,617$11,397$9,489$7,864$6,490$2,984
18 years$12,727$10,531$8,662$7,087$5,771$2,509
19 years$11,931$9,760$7,930$6,404$5,144$2,112
20 years$11,216$9,070$7,278$5,800$4,594$1,780
21 years$10,569$8,448$6,694$5,264$4,112$1,502
22 years$9,982$7,886$6,170$4,786$3,685$1,269
23 years$9,447$7,376$5,697$4,359$3,308$1,073
24 years$8,958$6,911$5,268$3,975$2,973$907
25 years$8,508$6,485$4,880$3,630$2,676$768
26 years$8,093$6,095$4,526$3,319$2,410$650
27 years$7,710$5,736$4,202$3,038$2,173$551
28 years$7,355$5,405$3,907$2,784$1,961$467
29 years$7,025$5,099$3,635$2,553$1,770$396
30 years$6,717$4,816$3,386$2,343$1,600$335
31 years$6,430$4,552$3,157$2,152$1,446$284
32 years$6,162$4,307$2,945$1,977$1,308$241
33 years$5,910$4,079$2,750$1,818$1,184$205
34 years$5,673$3,866$2,570$1,673$1,072$174
35 years$5,451$3,667$2,402$1,540$971$147
36 years$5,241$3,481$2,247$1,418$880$125
37 years$5,043$3,306$2,104$1,307$797$106
38 years$4,856$3,142$1,970$1,205$723$90
39 years$4,679$2,987$1,846$1,111$655$76
40 years$4,512$2,842$1,730$1,025$595$65
41 years$4,353$2,706$1,622$945$539$55
42 years$4,201$2,577$1,522$872$489$47
43 years$4,058$2,455$1,428$805$444$40
44 years$3,921$2,340$1,340$744$403$34
45 years$3,791$2,232$1,258$687$366$29
46 years$3,666$2,129$1,182$634$332$24
47 years$3,548$2,032$1,110$586$302$21
48 years$3,434$1,939$1,043$541$274$17
49 years$3,326$1,852$981$500$249$15
50 years$3,222$1,769$922$463$226$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,300,000, adding $3,320 every year, while hoping to spend $20,263 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: 63/12/25 Blend
63$3,300,000$3,300,000$3,300,000$3,300,000
64$3,640,025$3,465,125$3,413,975$3,845,130
65$3,989,747$3,613,356$3,506,783$4,132,529
66$4,374,463$3,768,172$3,602,021$4,443,770
67$4,797,719$3,929,873$3,699,750$4,783,281
68$5,263,424$4,098,775$3,800,030$5,153,829
69$5,775,886$4,275,207$3,902,923$5,558,464
70$6,339,850$4,459,516$4,008,495$6,000,540
71$6,960,546$4,652,063$4,116,811$6,483,750
72$7,643,735$4,853,227$4,227,937$7,012,160
73$8,395,764$5,063,405$4,341,941$7,590,243
74$9,223,631$5,283,010$4,458,895$8,222,928
75$10,135,042$5,512,478$4,578,869$8,915,639
76$11,138,491$5,752,265$4,701,936$9,674,348
77$12,243,337$6,002,845$4,828,170$10,505,632
78$13,459,892$6,264,719$4,957,648$11,416,733
79$14,799,519$6,538,408$5,090,447$12,415,626
80$16,274,739$6,824,459$5,226,647$13,511,093
81$17,899,350$7,123,446$5,366,327$14,712,808
82$19,688,557$7,435,967$5,509,572$16,031,421
83$21,659,111$7,762,652$5,656,465$17,478,665
84$23,829,476$8,104,157$5,807,091$19,067,462
85$26,219,993$8,461,171$5,961,540$20,812,045
86$28,853,081$8,834,417$6,119,899$22,728,092
87$31,753,440$9,224,649$6,282,261$24,832,870
88$34,948,293$9,632,658$6,448,719$27,145,403
89$38,467,635$10,059,274$6,619,367$29,686,644
90$42,344,520$10,505,365$6,794,302$32,479,675
91$46,615,372$10,971,840$6,973,623$35,549,925
92$51,320,331$11,459,650$7,157,430$38,925,405
93$56,503,626$11,969,795$7,345,825$42,636,977
94$62,213,999$12,503,318$7,538,914$46,718,637
95$68,505,161$13,061,314$7,736,801$51,207,839
96$75,436,299$13,644,930$7,939,596$56,145,849
97$83,072,637$14,255,367$8,147,408$61,578,128
98$91,486,050$14,893,884$8,360,349$67,554,763
99$100,755,740$15,561,798$8,578,534$74,130,937
100$110,968,990$16,260,490$8,802,079$81,367,451