Can I retire at age 64 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$289,027$286,452$283,940$281,489$279,095$270,486
2 years$143,083$140,418$137,835$135,331$132,902$124,304
3 years$94,441$91,765$89,188$86,708$84,319$76,001
4 years$70,125$67,457$64,906$62,468$60,137$52,163
5 years$55,539$52,887$50,370$47,982$45,715$38,107
6 years$45,818$43,186$40,706$38,371$36,173$28,938
7 years$38,878$36,268$33,827$31,547$29,418$22,555
8 years$33,674$31,088$28,688$26,464$24,405$17,909
9 years$29,630$27,068$24,709$22,542$20,553$14,417
10 years$26,396$23,859$21,542$19,431$17,512$11,728
11 years$23,752$21,240$18,965$16,911$15,061$9,618
12 years$21,550$19,064$16,831$14,833$13,051$7,939
13 years$19,688$17,228$15,038$13,095$11,381$6,586
14 years$18,094$15,660$13,511$11,625$9,977$5,487
15 years$16,713$14,306$12,199$10,367$8,784$4,587
16 years$15,506$13,125$11,060$9,283$7,763$3,845
17 years$14,443$12,088$10,064$8,340$6,884$3,230
18 years$13,498$11,170$9,187$7,516$6,121$2,719
19 years$12,654$10,352$8,411$6,792$5,455$2,293
20 years$11,895$9,620$7,719$6,151$4,873$1,936
21 years$11,210$8,960$7,100$5,583$4,361$1,636
22 years$10,587$8,364$6,544$5,076$3,909$1,384
23 years$10,020$7,823$6,042$4,623$3,509$1,172
24 years$9,501$7,329$5,588$4,216$3,154$993
25 years$9,024$6,878$5,175$3,850$2,838$842
26 years$8,584$6,464$4,800$3,521$2,556$714
27 years$8,177$6,084$4,457$3,223$2,305$606
28 years$7,801$5,733$4,143$2,953$2,080$514
29 years$7,451$5,408$3,856$2,708$1,878$436
30 years$7,124$5,107$3,592$2,485$1,697$371
31 years$6,820$4,828$3,348$2,282$1,534$315
32 years$6,535$4,569$3,124$2,097$1,388$267
33 years$6,268$4,326$2,917$1,929$1,256$227
34 years$6,017$4,100$2,725$1,775$1,137$193
35 years$5,781$3,889$2,548$1,634$1,030$164
36 years$5,559$3,691$2,384$1,504$933$139
37 years$5,349$3,506$2,231$1,386$846$118
38 years$5,151$3,332$2,089$1,278$767$101
39 years$4,963$3,168$1,957$1,178$695$86
40 years$4,785$3,014$1,835$1,087$631$73
41 years$4,616$2,869$1,720$1,003$572$62
42 years$4,456$2,733$1,614$925$519$53
43 years$4,304$2,604$1,514$854$471$45
44 years$4,158$2,482$1,421$789$428$38
45 years$4,020$2,367$1,335$728$388$32
46 years$3,888$2,258$1,254$673$352$27
47 years$3,763$2,155$1,178$622$320$23
48 years$3,642$2,057$1,107$574$291$20
49 years$3,527$1,964$1,040$531$264$17
50 years$3,417$1,876$978$491$240$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,500,000, adding $5,115 every year, while hoping to spend $57,654 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: 55/21/24 Blend
63$3,500,000$3,500,000$3,500,000$3,500,000
64$3,862,276$3,676,776$3,622,526$4,049,021
65$4,194,885$3,795,595$3,682,537$4,296,634
66$4,559,487$3,918,303$3,742,627$4,559,699
67$4,959,286$4,045,031$3,802,736$4,844,992
68$5,397,809$4,175,913$3,862,802$5,154,664
69$5,878,939$4,311,087$3,922,761$5,491,085
70$6,406,958$4,450,697$3,982,540$5,856,862
71$6,986,578$4,594,892$4,042,066$6,254,867
72$7,622,992$4,743,824$4,101,258$6,688,261
73$8,321,919$4,897,653$4,160,032$7,160,525
74$9,089,661$5,056,544$4,218,298$7,675,492
75$9,933,157$5,220,666$4,275,963$8,237,383
76$10,860,055$5,390,195$4,332,923$8,850,846
77$11,878,779$5,565,312$4,389,075$9,521,001
78$12,998,609$5,746,207$4,444,303$10,253,487
79$14,229,770$5,933,074$4,498,490$11,054,514
80$15,583,527$6,126,115$4,551,509$11,930,924
81$17,072,289$6,325,537$4,603,228$12,890,251
82$18,709,732$6,531,558$4,653,505$13,940,796
83$20,510,920$6,744,399$4,702,193$15,091,703
84$22,492,452$6,964,293$4,749,135$16,353,045
85$24,672,617$7,191,478$4,794,165$17,735,918
86$27,071,566$7,426,203$4,837,112$19,252,549
87$29,711,501$7,668,722$4,877,791$20,916,404
88$32,616,887$7,919,303$4,916,010$22,742,323
89$35,814,678$8,178,218$4,951,565$24,746,654
90$39,334,577$8,445,752$4,984,244$26,947,408
91$43,209,310$8,722,200$5,013,822$29,364,431
92$47,474,938$9,007,866$5,040,064$32,019,588
93$52,171,195$9,303,065$5,062,719$34,936,971
94$57,341,866$9,608,124$5,081,529$38,143,125
95$63,035,195$9,923,381$5,096,220$41,667,297
96$69,304,345$10,249,186$5,106,503$45,541,715
97$76,207,894$10,585,902$5,112,076$49,801,890
98$83,810,391$10,933,904$5,112,623$54,486,949
99$92,182,966$11,293,580$5,107,811$59,640,006
100$101,403,997$11,665,334$5,097,291$65,308,570