Can I retire at age 64 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$322,058$319,190$316,391$313,659$310,991$300,916
2 years$159,435$156,466$153,588$150,798$148,091$138,035
3 years$105,234$102,252$99,381$96,617$93,955$84,234
4 years$78,139$75,166$72,324$69,607$67,010$57,697
5 years$61,886$58,931$56,127$53,465$50,940$42,061
6 years$51,055$48,122$45,359$42,757$40,307$31,870
7 years$43,321$40,412$37,693$35,153$32,780$24,784
8 years$37,523$34,641$31,967$29,489$27,194$19,633
9 years$33,016$30,161$27,533$25,118$22,902$15,766
10 years$29,412$26,586$24,004$21,652$19,513$12,793
11 years$26,466$23,668$21,133$18,843$16,782$10,465
12 years$24,013$21,243$18,755$16,528$14,543$8,615
13 years$21,938$19,197$16,756$14,592$12,682$7,128
14 years$20,161$17,450$15,055$12,953$11,117$5,921
15 years$18,623$15,941$13,593$11,552$9,788$4,936
16 years$17,278$14,625$12,324$10,343$8,651$4,126
17 years$16,093$13,469$11,214$9,294$7,670$3,456
18 years$15,041$12,446$10,237$8,375$6,820$2,901
19 years$14,100$11,535$9,372$7,568$6,079$2,438
20 years$13,255$10,719$8,601$6,854$5,430$2,052
21 years$12,491$9,984$7,911$6,221$4,859$1,729
22 years$11,797$9,320$7,291$5,656$4,355$1,458
23 years$11,165$8,717$6,732$5,151$3,910$1,231
24 years$10,586$8,167$6,226$4,698$3,514$1,039
25 years$10,055$7,664$5,767$4,290$3,162$878
26 years$9,565$7,203$5,348$3,923$2,848$743
27 years$9,112$6,779$4,966$3,591$2,568$628
28 years$8,692$6,388$4,617$3,290$2,317$531
29 years$8,302$6,026$4,296$3,017$2,092$449
30 years$7,939$5,691$4,002$2,769$1,891$380
31 years$7,599$5,380$3,731$2,543$1,709$322
32 years$7,282$5,091$3,481$2,337$1,546$273
33 years$6,984$4,821$3,250$2,149$1,399$231
34 years$6,705$4,569$3,037$1,977$1,267$196
35 years$6,442$4,334$2,839$1,820$1,147$166
36 years$6,194$4,113$2,656$1,676$1,040$140
37 years$5,960$3,907$2,486$1,545$942$119
38 years$5,739$3,713$2,328$1,424$854$101
39 years$5,530$3,531$2,181$1,313$775$85
40 years$5,332$3,359$2,044$1,211$703$72
41 years$5,144$3,197$1,917$1,117$637$61
42 years$4,965$3,045$1,798$1,031$578$52
43 years$4,795$2,901$1,687$952$525$44
44 years$4,634$2,766$1,584$879$477$37
45 years$4,480$2,637$1,487$812$433$32
46 years$4,333$2,516$1,397$750$393$27
47 years$4,193$2,401$1,312$693$357$23
48 years$4,059$2,292$1,233$640$324$19
49 years$3,930$2,189$1,159$591$294$16
50 years$3,808$2,091$1,090$547$267$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $3,900,000, adding $4,437 every year, while hoping to spend $40,768 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: 45/50/5 Blend
63$3,900,000$3,900,000$3,900,000$3,900,000
64$4,302,377$4,095,677$4,035,227$4,489,922
65$4,697,842$4,252,988$4,127,030$4,776,743
66$5,132,279$4,416,641$4,220,542$5,082,947
67$5,609,619$4,586,904$4,315,778$5,413,985
68$6,134,194$4,764,056$4,412,750$5,772,154
69$6,710,775$4,948,389$4,511,471$6,159,973
70$7,344,622$5,140,207$4,611,953$6,580,210
71$8,041,525$5,339,829$4,714,205$7,035,904
72$8,807,866$5,547,586$4,818,236$7,530,396
73$9,650,676$5,763,826$4,924,055$8,067,354
74$10,577,702$5,988,910$5,031,668$8,650,810
75$11,597,478$6,223,217$5,141,079$9,285,195
76$12,719,408$6,467,142$5,252,293$9,975,381
77$13,953,854$6,721,098$5,365,310$10,726,720
78$15,312,230$6,985,515$5,480,131$11,545,102
79$16,807,115$7,260,843$5,596,754$12,436,999
80$18,452,370$7,547,553$5,715,174$13,409,532
81$20,263,265$7,846,137$5,835,385$14,470,530
82$22,256,627$8,157,106$5,957,380$15,628,608
83$24,450,997$8,480,998$6,081,146$16,893,240
84$26,866,805$8,818,373$6,206,670$18,274,851
85$29,526,562$9,169,817$6,333,937$19,784,910
86$32,455,073$9,535,940$6,462,926$21,436,039
87$35,679,672$9,917,382$6,593,615$23,242,127
88$39,230,477$10,314,812$6,725,980$25,218,458
89$43,140,675$10,728,928$6,859,990$27,381,855
90$47,446,838$11,160,459$6,995,613$29,750,834
91$52,189,262$11,610,168$7,132,812$32,345,778
92$57,412,353$12,078,852$7,271,548$35,189,124
93$63,165,042$12,567,346$7,411,774$38,305,571
94$69,501,250$13,076,519$7,553,442$41,722,313
95$76,480,392$13,607,283$7,696,497$45,469,290
96$84,167,942$14,160,590$7,840,880$49,579,466
97$92,636,048$14,737,435$7,986,526$54,089,139
98$101,964,216$15,338,860$8,133,365$59,038,278
99$112,240,053$15,965,952$8,281,320$64,470,896
100$123,560,105$16,619,849$8,430,310$70,435,460