Can I retire at age 64 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$280,769$278,268$275,828$273,446$271,121$263,605
2 years$138,994$136,406$133,897$131,465$129,105$121,589
3 years$91,743$89,143$86,640$84,231$81,910$74,629
4 years$68,121$65,529$63,052$60,683$58,419$51,429
5 years$53,952$51,376$48,931$46,611$44,409$37,729
6 years$44,509$41,952$39,543$37,275$35,139$28,776
7 years$37,767$35,231$32,861$30,646$28,578$22,531
8 years$32,712$30,200$27,869$25,708$23,708$17,975
9 years$28,783$26,294$24,003$21,897$19,965$14,541
10 years$25,642$23,177$20,926$18,876$17,012$11,888
11 years$23,073$20,633$18,423$16,428$14,631$9,800
12 years$20,934$18,519$16,350$14,409$12,679$8,131
13 years$19,126$16,736$14,608$12,721$11,056$6,783
14 years$17,577$15,213$13,125$11,292$9,692$5,682
15 years$16,236$13,897$11,850$10,071$8,533$4,776
16 years$15,063$12,750$10,744$9,017$7,542$4,027
17 years$14,030$11,742$9,777$8,102$6,687$3,403
18 years$13,112$10,851$8,925$7,302$5,946$2,882
19 years$12,293$10,056$8,170$6,598$5,300$2,444
20 years$11,556$9,345$7,498$5,975$4,734$2,076
21 years$10,890$8,704$6,897$5,423$4,236$1,766
22 years$10,285$8,125$6,357$4,931$3,797$1,503
23 years$9,734$7,599$5,869$4,491$3,408$1,281
24 years$9,229$7,120$5,428$4,096$3,064$1,092
25 years$8,766$6,682$5,027$3,740$2,757$932
26 years$8,339$6,280$4,663$3,420$2,483$795
27 years$7,944$5,910$4,330$3,130$2,239$679
28 years$7,578$5,569$4,025$2,868$2,020$580
29 years$7,238$5,254$3,746$2,630$1,824$496
30 years$6,921$4,962$3,489$2,414$1,648$424
31 years$6,625$4,690$3,253$2,217$1,490$362
32 years$6,348$4,438$3,035$2,037$1,348$310
33 years$6,089$4,203$2,834$1,874$1,220$265
34 years$5,845$3,983$2,648$1,724$1,104$227
35 years$5,616$3,778$2,475$1,587$1,000$194
36 years$5,400$3,586$2,316$1,461$906$166
37 years$5,196$3,406$2,167$1,347$821$142
38 years$5,003$3,237$2,030$1,241$745$122
39 years$4,821$3,078$1,901$1,144$675$104
40 years$4,648$2,928$1,782$1,056$613$89
41 years$4,484$2,788$1,671$974$556$76
42 years$4,329$2,655$1,568$899$504$65
43 years$4,181$2,529$1,471$830$458$56
44 years$4,040$2,411$1,381$766$415$48
45 years$3,905$2,299$1,297$707$377$41
46 years$3,777$2,193$1,218$654$342$35
47 years$3,655$2,093$1,144$604$311$30
48 years$3,538$1,998$1,075$558$282$26
49 years$3,426$1,908$1,011$516$256$22
50 years$3,320$1,823$950$477$233$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,400,000, adding $6,646 every year, while hoping to spend $21,545 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: 68/14/18 Blend
63$3,400,000$3,400,000$3,400,000$3,400,000
64$3,753,655$3,573,455$3,520,755$3,992,039
65$4,113,604$3,725,631$3,615,777$4,304,245
66$4,509,546$3,884,541$3,713,260$4,642,480
67$4,945,129$4,050,493$3,813,263$5,011,925
68$5,424,374$4,223,808$3,915,849$5,415,652
69$5,951,708$4,404,823$4,021,078$5,857,040
70$6,532,014$4,593,891$4,129,015$6,339,811
71$7,170,667$4,791,379$4,239,725$6,868,060
72$7,873,593$4,997,675$4,353,274$7,446,296
73$8,647,320$5,213,182$4,469,729$8,079,484
74$9,499,042$5,438,323$4,589,161$8,773,089
75$10,436,686$5,673,542$4,711,639$9,533,128
76$11,468,984$5,919,301$4,837,235$10,366,229
77$12,605,560$6,176,088$4,966,022$11,279,688
78$13,857,020$6,444,409$5,098,077$12,281,540
79$15,235,049$6,724,797$5,233,475$13,380,634
80$16,752,521$7,017,809$5,372,294$14,586,715
81$18,423,626$7,324,030$5,514,613$15,910,516
82$20,263,997$7,644,069$5,660,514$17,363,857
83$22,290,863$7,978,566$5,810,079$18,959,758
84$24,523,207$8,328,192$5,963,393$20,712,558
85$26,981,949$8,693,648$6,120,542$22,638,053
86$29,690,139$9,075,669$6,281,611$24,753,640
87$32,673,180$9,475,023$6,446,692$27,078,485
88$35,959,063$9,892,517$6,615,875$29,633,698
89$39,578,632$10,328,995$6,789,251$32,442,533
90$43,565,877$10,785,341$6,966,915$35,530,610
91$47,958,253$11,262,479$7,148,963$38,926,149
92$52,797,034$11,761,380$7,335,493$42,660,239
93$58,127,702$12,283,058$7,526,603$46,767,132
94$64,000,378$12,828,578$7,722,394$51,284,560
95$70,470,292$13,399,054$7,922,970$56,254,094
96$77,598,306$13,995,651$8,128,433$61,721,532
97$85,451,489$14,619,594$8,338,892$67,737,332
98$94,103,748$15,272,162$8,554,452$74,357,086
99$103,636,528$15,954,696$8,775,224$81,642,043
100$114,139,580$16,668,601$9,001,319$89,659,684